Space & Defense: The U.S. Navy reclassified all 19 planned Virginia-class submarines with the Virginia Payload Module as guided-missile subs (SSGNs), expanding conventional strike firepower as Ohio-class boats retire into the 2030s. Capital Markets: SpaceX’s first quarterly earnings as a public company hit Wall Street, with investors focused on cash burn, Starlink revenue, and Starship progress—while short-selling bets reportedly surged past Tesla ahead of the report. Tech & Data Centers: Z Squared Inc. agreed to buy Paradox Data and its El Dorado data center, a deal tied to an existing power supply up to 8 megawatts and milestone-based stock payments. Legal & Consumer: A Florida appeals court upheld a $103M product-defect jury award against Ford over a modified Mustang explosion, while TikTok is finalizing settlements in three addiction-related trials involving claims of harm to minors. Florida Business & Community: Sanibel Captiva Community Bank donated $5,000 to United Way’s regional campaign; Gulf Coast Village’s Sarah Richard was named Volunteers of America National Services Executive of the Year; and Cape Coral’s Ice Sssscreamin’ opened a second location. Retail & Labor: WARN filings point to hundreds of layoffs expected in August, including a Florida logistics firm planning cuts in Illinois.