Westinghouse Electric Co. is targeting a valuation of more than $50 billion in its US initial public offering, according to people familiar with the matter, Bloomberg reported. The company provides reactor technology to nuclear power plants.

According to CNBC, SpaceX has expanded its contract with NASA and will carry out three additional crewed Dragon flights to the International Space Station through 2030, with the work worth up to $946 million if completed. The award lifts SpaceX's total missions under NASA's Commercial Crew Transportation Capability contract to 17 operational flights, and NASA said the deal helps it maintain access to the station with two commercial crew providers. SpaceX will handle ground, launch, in-orbit, cargo transport, and return and recovery operations, along with lifeboat capability while docked to the ISS. Under the contract, SpaceX will have earned $5.92 billion from NASA. NASA said Crew 13 is expected to launch in October and Crew 14 is slated for next spring.

According to Wallstreetcn, speculators' net long positions in ICE Brent crude rose by 16,904 contracts to 282,657 in the week of September 15, a 17-week high.

According to Wallstreetcn, the U.S. Food and Drug Administration (FDA) approved Inluriyo Imlunestrant for use in combination with Verzenio.

Canadian Industry Minister Melanie Joly urged Stellantis NV and its unionized workers to resume labor talks on Friday, according to Bloomberg. Stellantis is the parent of Jeep.

According to Wallstreetcn, the Pentagon told Congress that U.S. spending on Iran-related operations has reached $43.6 billion so far, including about $11.2 billion for incremental operation costs, about $28.1 billion to replenish expended munitions, and about $4.3 billion to replace lost equipment.

General Motors will launch redesigned 2027 Chevrolet Silverado 1500 and GMC Sierra 1500 pickups in the fourth quarter. According to Sina Finance, the two models will continue to offer a 3.0-liter Duramax inline-six diesel engine and an optional 34-gallon fuel tank, giving them a highway range of more than 900 miles. The new Duramax diesel still produces 305 horsepower and 495 pound-feet of torque. General Motors said it adjusted the pistons, turbo guide vanes, fuel injection system, and nitrogen oxide sensors, and increased the diesel exhaust fluid tank by about 2 gallons to extend the distance between refills. Based on highway fuel economy of about 27 miles per gallon for the two-wheel-drive version, the 34-gallon tank implies a theoretical range of about 918 miles. General Motors said actual range will still depend on payload, towing weight, drivetrain, speed, and ambient temperature. The diesel version is positioned for long-distance efficiency rather than maximum towing power. The Silverado diesel can tow up to 12,000 pounds, while the Sierra diesel can tow about 12,100 pounds. Both are below the peak figures for models equipped with the 5.7-liter V8 engine. The new Silverado and Sierra will keep four engine options in total. The entry-level 2.7-liter TurboMax turbocharged four-cylinder rises to 350 horsepower and 455 pound-feet, the new 5.7-liter V8 delivers 402 horsepower and 428 pound-feet, and the 6.6-liter V8 reaches 481 horsepower and 501 pound-feet. All four engines are paired with a 10-speed automatic transmission.

Nadia Lovell, head of global equity strategy at UBS Global Wealth Management, said strong earnings and broadening profit growth should keep stocks moving higher even as rising rates create near-term volatility, according to Bloomberg. Speaking on "Bloomberg Surveillance," Lovell said earnings, not valuation expansion, will drive the market.

Investor sentiment dropped to its lowest level in 16 months, according to Bloomberg, as the American Association of Individual Investors' weekly survey showed. Oil prices stayed elevated while the Federal Reserve raised interest rates for the first time since 2023.

Bakkt shares rose 8.45% to $8.09 on Friday as crypto-linked equities moved higher. According to NS3.AI, Bitcoin's surge reflected renewed optimism about U.S. digital asset regulation after the Clarity Act recently failed in the Senate.

From the Federal Reserve, the US dollar, and the Nasdaq to stablecoins: BTC is becoming an increasingly complex asset.

Uniswap captured 80% of the trading volume in tokenized US stocks, with cumulative turnover exceeding $10 billion, and UNI rose by more than 30% in a single day.

The SEC has released detailed rules for innovation exemptions, clarifying that stock tokens must have full shareholder equity and be traded in a permissioned pool.

Polymarket, which has been undergoing a major reshuffle, has hired four senior executives in just one month. What is Polymarket worried about? According to Jinse Finance, Polymarket's monthly active users have halved since the World Cup.

The SEC has released an innovation exemption document, setting entry thresholds for tokenized U.S. stocks while circumventing Congress to advance regulation.

The RMB exchange rate against the US dollar once broke through 6.7, reaching a new high since January 2023, and institutions are optimistic that the appreciation trend will continue.

The Federal Reserve raised interest rates by 25 basis points and turned hawkish on its dot plot, suggesting that the era of low interest rates may have come to an end.

Hong Kong's first five-year plan has incorporated digital assets into its roadmap, shifting the policy focus from market building to integration into the financial system.

Ethlabs interviewed 20 ecosystem participants to gather their opinions on EIP-8198 (Quick Slots).

Following the SEC's approval of tokenized stocks, Robinhood and Circle are driving the integration of on-chain finance from both the asset and funding sides.