Fox just closed its Roku takeover early

Hi there, this is your daily ☕️ Finpresso.

Before The Bell

Change over the last 24 hours · as of Nov 9, 2026, 6:09 AM ET

Fox completes $22B Roku deal ahead of schedule LINK

• Fox has closed its $22 billion takeover of Roku ahead of schedule, folding the streaming-device maker into a media portfolio that already includes free service Tubi and subscription product FOX One.
• The deal pairs Fox's live sports, news and local programming with Roku's connected-TV platform, which reaches more than 100 million households, and Fox expects about $400 million in annual cost savings within two years of closing.
• Fox says the acquisition will add to free cash flow per share by the second full year after closing; Roku founder Anthony Wood joins the Fox board and will co-chair a new Fox Digital Platforms division housing Roku, Tubi and FOX One.

Nvidia board reveals probe into Huang over spy claims LINK

• Nvidia shares fell about 5% in premarket trading today after the company's board opened an independent investigation into CEO Jensen Huang's relationship with a businesswoman that U.S. intelligence agencies have described as a Chinese spy.
• U.S. agencies say Alice Huang, an executive at cloud company Megaspeed, has been passing information to Beijing, according to The New York Times and Financial Times, with the board calling Huang the target of a "foreign intelligence effort."
• Huang said in a statement that he "fully supports the review" and told staff he had been "unfaithful to my wife," while China's Foreign Ministry on Monday dismissed the "so-called Chinese spy narrative" as unsubstantiated.

Report details OpenAI's $11 billion raise at $1.25 trillion LINK

• OpenAI has closed an initial $11 billion of funding at a $1.25 trillion valuation, the first slice of a larger round that could roughly double in size over the coming weeks, with the money transferred on Friday.
• That valuation is roughly 47% above its March round, but falls short of the higher price and bigger sum the company had initially targeted, reflecting cooling investor sentiment toward AI.
• Coatue Management and T. Rowe Price joined the first close, with SoftBank, Sequoia and a UAE investor group tied to the wider raise; OpenAI has delayed its IPO and is courting wealthy and retail investors as scrutiny of AI infrastructure spending grows.

Binance insists CFO exit unrelated to record hack LINK

• Binance says the departure of Chief Financial Officer Kaiser Ng is unrelated to last month's record hack, framing his exit after five years as a long-planned move to pursue a new venture, co-CEO Yi He said on Saturday.
• The announcement lands nine days after the Oct. 29 attack, which drained more than $6 billion from Binance across multiple blockchains; the FBI has blamed North Korean hacking group TraderTraitor.
• Binance had replaced about 95% of the affected assets with its own funds and resumed withdrawals, while the attackers have since swapped the stolen tokens into bitcoin, according to Elliptic.

Microsoft ends Oracle AI cloud rental deal LINK

• Oracle shares dropped 4% on Friday after reports that Microsoft is winding down a deal to rent AI computing capacity from its rival, deepening worries about whether the AI infrastructure spending boom can last.
• Microsoft has been switching off the rented capacity after declining to renew the 2023 contract, originally meant to power an AI version of Bing, because the Oracle hardware ran on older Nvidia chips that no longer met its specifications.
• Oracle countered that demand for its infrastructure stays strong, noting it renewed contracts for four-year-old GPUs at a 20% premium, leaving investors to judge whether Microsoft's exit signals weakening demand or just fast-moving technology, with the report landing a day after the Nasdaq fell 5.5%.

Macro News

• Oil prices slipped as Trump downplayed strikes, while Hormuz attacks sustained supply concerns. LINK
• European power prices topped €600 as collapsing wind generation tightened supply. LINK
• Taiwan stocks surged 5%, ending a seven-session slide with chipmakers leading the rebound. LINK
• Treasury bars MEXC over alleged $16 billion in transactions tied to adversarial states. LINK
• Regulators withdrew proposal to include crypto in international transfer recordkeeping rules. LINK
• Labor proposed rule allowing 401(k) plans to hold crypto and alternative assets. LINK
• Iraq-US deal will route crude through Oman, reducing reliance on Hormuz. LINK
• Houthi missile damaged Aramco tower in Riyadh; no injuries were reported. LINK
• Williams said inflation remains too high, stressing return to the 2% target. LINK
• Copper fell again as tech selloff drove its worst weekly decline since March. LINK
• China paused extra US tariffs for two months, maintaining a 10% duty. LINK

Corporate News

• Anthropic agreed to a $3.4 billion generator deal to secure data-center power. LINK
• Tesla will end Cybertruck production in 2027, shifting factory space to robotaxis. LINK
• TSMC weighs advanced memory production at Nvidia's request amid global chip shortages. LINK
• Berkshire repurchased $9.6 billion in shares despite quarterly profit falling 28%. LINK
• Alphabet revealed a $548 million Qualcomm stake as it diversifies beyond core businesses. LINK
• Airbnb revenue grew 19%, but analysts say pay-later bookings inflated growth. LINK
• Monzo seeks £7.5 billion funding after takeover and private-equity talks failed. LINK
• AST SpaceMobile will build reusable rockets using licensed Firefly engine technology. LINK
• Coinbase won bank charter approval, replacing state licenses with federal oversight. LINK
• Groq seeks an $8 billion valuation despite waning appetite for debt-heavy AI firms. LINK

Stocks

▲ Biggest winners

Ubiquiti rose 15% after reporting fiscal Q1 2026 revenue of $598.3 million, beating analyst estimates. LINK

SiTime rose 17% after Seaport Global Securities upgraded the stock to Buy with a $425 price target. LINK

Rocket Lab rose 15% after the company reported fresh Neutron progress and retail bulls bet the rocket's launch delay was already priced in. LINK

▼ Biggest losers

Axon Enterprise fell 18% after Q3 revenue missed estimates and 2026 guidance was cut on $130 million of delayed Federal Dedrone deployments. LINK

Halozyme Therapeutics fell 16% after Leerink Partners downgraded the stock to Market Perform, citing that raised full-year 2026 guidance only marginally exceeded elevated investor expectations. LINK

Charter Communications fell 6% after reporting 233,000 Q3 Internet subscriber losses and a $6.3 billion franchise impairment charge. LINK

Research & Reports

• China campus planned at 800MW would rank among the country's largest data centers. LINK
• Goldman lowered its 2027 gold forecast to $4,800, while retaining a bullish outlook. LINK
• Citi sees India's Nifty at 28,000 by 2027, citing earnings and oil. LINK
• IT firms monetizing enterprise AI without heavy spending may outperform infrastructure investors. LINK
• Renewables capacity will expand 4,800 gigawatts by 2031 amid an energy-security push. LINK
• Stablecoin payments jumped 45% despite supply barely growing, indicating faster circulation. LINK

Market Calendar

Earnings  ·  Economic events