Good morning, you're tuned in to Markets Desk, and here's what's moving the needle today.
Amazon's Prime Day delivered, and then some. Total online spending across all U.S. retailers hit twenty-six point four billion dollars over the four-day event, edging past Adobe's own forecast. Year-over-year growth came in at nine point three percent, with AI-generated traffic credited for driving a forty percent improvement in conversion rates — a signal that the technology is no longer experimental, it's operational commerce infrastructure.
Shifting to a deal that's turning heads in the enterprise software world, SpaceX is reportedly acquiring AI coding tool Cursor in an all-stock transaction valued at sixty billion dollars. That puts Elon Musk's rocket company squarely in the middle of the enterprise developer market, a space dominated by Microsoft and Google. The strategic logic is clear — whoever owns the coding layer owns significant leverage over how software gets built going forward.
And on the healthcare front, a sobering data point from the Department of Health and Human Services. Enrollment in Affordable Care Act plans has fallen by roughly three million people over the past year, dropping from twenty-two point one million to nineteen point two million. That thirteen percent decline is being tied directly to the expiration of enhanced federal subsidies, and it represents one of the sharpest single-year coverage contractions the program has seen.
That's the tape. Markets Desk, signing off the floor.
