Ticker Wire

$FIG Figma surged 7% after OpenAI demonstrated its integration into ChatGPT via the new Apps SDK, naming Figma a launch partner. The update enables users to run design workflows directly within ChatGPT, bridging AI and design innovation.

$USAR USA Rare Earth CEO Barbara Humpton confirms talks with the White House. The company advances its “mine-to-magnet” strategy with U.S. facilities in Texas and Oklahoma, supporting domestic rare earth production.

$GME GameStop files mixed shelf offering with SEC, enabling flexible issuance of common stock, debt, and warrants. The move aims to bolster liquidity amid strategic shifts, including a $2.7B convertible notes offering and $BTC Bitcoin investments.

$USDT Tether is launching a new stablecoin, USAT, on video platform $RUM Rumble, aiming to expand its U.S. market presence. USAT will comply with U.S. regulations under the GENIUS Act, with issuance by Anchorage Digital Bank and custody by Cantor Fitzgerald.

$OXY Occidental Petroleum is selling its OxyChem unit to $BRK.B Berkshire Hathaway for $9.7B. OxyChem, a chemicals producer will become a Berkshire subsidiary. Occidental will use $6.5B to cut debt below $15B. Deal expected to close Q4 2025.

$LAC Lithium Americas downgraded to “Sell” from “Speculative Buy” by Canaccord Genuity, maintaining a price target of C$6.50. The firm cites concerns over revised U.S. Department of Energy (DOE) loan terms, including a 5% equity stake and warrants in the Thacker Pass project.

$RDDT Reddit Inc. faces increased competition as OpenAI launches Sora 2, an advanced AI video generation app. Sora 2 enables users to create realistic, AI-generated videos, including cameo features, raising concerns about engagement challenges for platforms like Reddit.

In premarket trading, $LAC Lithium Americas surged over 32% after the U.S. government agreed to take a stake in the Canadian miner’s Thacker Pass lithium project in Nevada.

$TSLA Tesla’s first leveraged ETF, Azoria TSLA Convexity ETF (TSLV), launched today. Managed by Azoria Partners, led by ex-hedge fund derivatives trader James Fishback, it buys TSLA call options to amplify potential returns.

$MRM Medirom Healthcare Technologies to deploy Sam Altman’s “Proof of Human” Worldcoin Orb devices across its Re.Ra.Ku wellness salons in Japan, aiming to issue up to 500,000 World IDs annually.

$DVLT Datavault AI secured a $150M $BTC Bitcoin-funded investment from $SCLX Scilex to scale supercomputing infrastructure and expand data exchange platforms.

$MRM Medirom Healthcare Technologies has joined the “Proof of Human” protocol, co-founded by Sam Altman. The company will deploy Worldcoin Orb devices in around 100 Re.Ra.Ku wellness salons in Japan, aiming to issue up to 500,000 World IDs annually.

$OKLO Oklo Inc. initiated by $GS Goldman Sachs with a Neutral rating and $117 price target, signaling a cautious outlook on the advanced nuclear technology company’s growth prospects.

$ORCL Oracle initiated coverage by Redburn Atlantic with a Sell rating and a $175 price target, citing concerns over the valuation of its cloud revenues.

$OPEN Opendoor surges over 9% after Jane Street disclosed a 5.9% stake (~44M shares) in a 13G filing. The quant trading giant adds to growing institutional interest in the real estate platform, which had already rallied 16% yesterday.

$SAP SAP SE teams up with OpenAI to launch a sovereign AI platform, “OpenAI for Germany,” aiming to provide locally controlled AI solutions for German enterprises.

$CIFR Cipher Mining is pivoting toward high-performance computing (HPC) and AI data centers, leveraging strength in $BTC Bitcoin mining stocks.

$QUBT Quantum Computing advanced after reports that the Trump administration is weighing executive actions to strengthen U.S. quantum capabilities for national security, a move that could benefit domestic players across the sector.

$BKKT Bakkt appoints fintech veteran Mike Alfred to its Board to “accelerate growth strategy,” bringing expertise from firms like Digital Assets Data and Alpine Fox.

$CLSK CleanSpark expanded its capital strategy, securing a $100M Bitcoin-backed credit facility from $COIN Coinbase Prime. The funding will support growth across its energy portfolio, $BTC mining operations, and high-performance computing investments.