British augmented reality startup Selerio has been bought by another augmented reality startup, Streem. Selerio's three employees have joined Streem.
Cardinal Analytx Solutions, a startup that develops predictive analytics software for health care providers and payers, raised $22 million in its most recent funding round. Investors included Blue Shield California, GuideWell Mutual Holding and Premera Blue Cross.
Aurora Innovation, a self-driving vehicle company that has partnerships with Byton, Hyundai and Volkswagen, said it will buy a Montana startup, Blackmore, which develops lidar technology. Toyota has partnered with Blackmore.
The Securities and Exchange Commission will vote on Regulation Best Interest on June 5. The commission will also decide whether to require financial professionals to provide clients with customer relationship summaries and whether to publish the SEC's interpretation of a standard of conduct for people giving investment advice.
Technical analyst David Keller, CMT, sees chart readings that suggest bearishness is imminent for the stock market. The S&P 500 is near a key line of support, Keller writes, and "if the SPX has a confirmed break below 2800, the market is in a Dow Theory downtrend."
Trading volume for JPMorgan Chase has slid since December, taking the stock below the 50-day moving average, and technical analyst Bruce Kamich, CMT, sees signals that suggest further decline. Three rallies have failed, and the daily on-balance-volume line and the moving average convergence divergence oscillator suggest an increase in aggressive selling, which could continue a downturn.
Microsoft has gained about 25% this year, despite a recent 6% decline, but technical analyst Serge Berger says that the stock is heavily overbought and that buyer exhaustion might set in. "To be clear, I am not calling for a collapse in the MSFT stock price, but rather for more of a 'reversion to the mean,' i.e., a somewhat lower price move ahead," Berger writes.
Endeavor Group, one of the biggest talent agencies serving the global entertainment industry, has filed for an initial public offering. The agency, which is reportedly seeking an equity value of almost $10 billion, also owns high-profile organizations such as the Ultimate Fighting Championship league and the Miss Universe competition.