Morgan Stanley lowers Netflix (NFLX.O) PT to $83.00 from $90.00.

Israeli media report the country's 25th Knesset has formally dissolved and elections are scheduled in 102 days.

Mitsubishi Electric plans to reach an agreement with Toshiba and Rohm to combine their power semiconductor businesses before September, creating a joint entity to consolidate sales, manufacturing and R&D, the companies said. Executives are finalizing deal details and hope to announce a joint-venture plan in September. The move, supported by Japan’s Ministry of Economy, Trade and Industry, is aimed at boosting the competitiveness of domestic suppliers against international peers as power-management chips gain importance amid rising system complexity and power demand for platforms such as NVIDIA’s next-generation Vera Rubin. Omdia data show Infineon controls roughly one-fifth of the global power semiconductor market, while Mitsubishi Electric, Toshiba and Rohm each hold under 5%; the three-way consolidation could propel the combined group toward the top of global market share.