GuruFocus·2026-07-17 21:59Market Trends & Sector Performance - Apple reclaimed its position as the world's most valuable company with a market capitalization of $4.88 trillion [1] - The S&P 500 index declined by 1% for the week, driven by volatility in the artificial intelligence sector and chipmaker losses [2] - Netflix shares hit a 52-week low following a weaker-than-expected earnings forecast and reduced engagement update frequency [3] - SpaceX experienced a significant valuation drop, losing nearly $1 trillion in value over the past month following a failed Starship test flight [4] Corporate Developments & Regulatory Updates - Boeing regained FAA authority to resume issuing airworthiness certificates for 737 Max and 787 jets, marking a recovery step in manufacturing and safety [3][4] - Apple is currently in discussions with the US Department of Justice to resolve a 2024 antitrust lawsuit [5] - Merck received FDA approval for Lip Fendra, the first oral PCSK9 inhibitor for LDL cholesterol management [6] - Trump Media and Technology Group plans to monetize real-time social media data by selling a feed to institutional investors [7] Industrial & Operational Shifts - Defense startup Seronic announced a $3 billion investment to construct a shipyard in Texas for building 850-foot drone vessels [8] - Citizens Bank decided to terminate financial relationships with private prison contractors Core Civic and Geo Group due to public pressure [8][9] - Coca-Cola’s Fairlife brand paused US milk production following a ransomware attack, though product safety remains uncompromised [9]