After a mixed session, European markets closed sharply lower in the wake of Wall Street, with buying in defence and oil stocks failing to offset selling in the tech sector. The Dow Jones hit a new record high before falling back. SpaceX made its debut on the Nasdaq

Fears over AI resurface, sending the Nasdaq lower. In Milan (-0.95%), St and Prysmian plummet - 

Since the start of the year, 23 M&A deals have been completed in the biotech sector, with a total value of 94 billion dollars, compared with 103 billion for the whole of 2025

Novartis acquires Myricx Bio in a deal worth up to $1.5 billion

The defence technology giant has signed a binding agreement to acquire the 35.51 per cent stake held by the Gorgé family in Exail, at a price of 134 euros per share

Thales in the spotlight in Paris as agreement reached on the acquisition of Exail

Castlelake has pledged to support the growth strategy and the fleet modernisation programme. Analysts, however, seem unconvinced

EasyJet steps up its operations in London following an agreement in principle with Castlelake on the merger - 

Charles Leclerc took first place, returning to victory for the first time since 2024. Lewis Hamilton also made it onto the podium, finishing third

Ferrari rewarded following its podium finish at Silverstone; analysts are positive

Sky buys ITV’s TV division: the British anti-Netflix alliance is formed

The FTSE MIB closed just shy of the 53,000-point mark it had reached during the session. The spotlight is also on the quarterly results season. Oil prices fell slightly, whilst the euro remained largely unchanged.

 Stock markets: Europe sluggish, but Milan (+0.27%) hits a new record on the back of a Fincantieri rally - 

EasyJet accepts Castlelake’s offer of £6.90

The Italian Sea Group: the court has appointed administrators

The story of Bending Spoons: from bankruptcy to the Nasdaq

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Fears over AI resurface, sending the Nasdaq lower. In Milan (-0.95%), St and Prysmian plummet - Market mover