PureCycle Technologies announced a corporate update and financial results for Q2. The operational start-up of PureCycle's flagship facility in Ironton remains on track. The Augusta multi-line purification facility build-out is underway, with startup now expected to be in 1Q24. Project debt financing is expected to be completed by Q4. Upon the anticipated closing of this transaction, the company expects to have sufficient capital to fund Augusta's first two purification lines and three East Coast PreP facilities. During Q2, the company's engineering, procurement, and construction activities at its first multi-line purification facility in Augusta continued to make progress. The company received a FDA prenotification letter confirming that the company will receive an agency opinion letter for the use of food-grade post-industrial recycled materials for all food types under Conditions of Use A-H, and a Letter of No Objection for all food types under Conditions of Use E-G for food-grade post-consumer recycled feedstock. PureCycle has continued to advance the feedstock procurement pipeline, with approximately 329 million pounds of polypropylene under Letter of Intent, to fully supply the first two lines of PureCycle's Augusta's purification facility. As of June 30, the company had total liquidity of $516.4M including $349.8M of cash, cash equivalents and debt securities available for sale and $166.6M in restricted cash. PureCycle had $249.6M in debt and accrued interest, less $16.6M of discount and issuance costs as of June 30. PureCycle's Ironton flagship purification facility's budget estimate is approximately $300M, which was primarily funded through bond financing.

The ResMed board declared a quarterly cash dividend of 44c per share. The dividend will have a record date of August 18, payable on September 22.

Telus and LifeWorks announced that the Ontario Superior Court of Justice has granted its final order approving the plan of arrangement in respect of the acquisition by TELUS of LifeWorks previously announced on June 16., Telus and LifeWorks also announced that the Competition Bureau of Canada has issued a no action letter in respect of the Arrangement. Accordingly, Competition Act Approval, as defined and as required by the Arrangement Agreement previously entered into between LifeWorks and TELUS, has been obtained. In addition, the applicable waiting period in relation to the Arrangement under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired , with the result that the acquisition is clear to proceed in the United States as well as Canada. The Court Approval, the Competition Act Approval and the HSR Approval are significant milestones toward closing Telus ' acquisition of LifeWorks and follows LifeWorks' shareholder approval, which was obtained at a special meeting of LifeWorks' shareholders on August 4, 2022. Pending receipt of regulatory approvals in the United Kingdom and Australia, and the satisfaction of customary closing conditions, the Arrangement is expected to proceed to closing which is anticipated to be on or about the fourth quarter of 2022.

BlackRock (BLK) said in a blog post that it has launched a spot bitcoin private trust. The trust is available to U.S. institutional clients and seeks to track the performance of bitcoin, less expenses and liabilities of the trust. "Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets using our technology and product capabilities," the company said. BlackRock recently announced a partnership with Coinbase (COIN) that will provide common clients of Aladdin and Coinbase access to the digital assets trading lifecycle through connectivity between Coinbase and the Aladdin platform, starting with bitcoin. Reference Link