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Apple Gets China Nod for AI as iPhone Shipments Surge 24%
China approves Apple Intelligence after Q2 iPhone shipments in mainland China rise 24.4%, defying a 4.3% market decline. Apple's stock reaches a new high.
BlackRock's Record $15.3 Trillion AUM Masks HPS Deal Earnings Boost
BlackRock hits $15.3 trillion in assets, but Q2 earnings were lifted by the HPS deal; organic growth will be key from Q3 onward. Shares rose 6.8%.
J&J's Q2 Growth Largely Relies on Two Key Drugs
Johnson & Johnson's Q2 sales growth was almost entirely driven by Tremfya and Darzalex, raising concerns about portfolio depth. MedTech missed estimates.
Intel's Dual Production Strategy Mitigates High-NA EUV Investment Risk
Intel has started volume production of Panther Lake chips using ASML's High-NA EUV system, but the chips are also qualified on older tools, reducing risk. Foundry losses remain high ahead of Q2 results.
Zhongji Innolight's $7B Hong Kong IPO Nears Regulatory Nod
Zhongji Innolight is set to launch a $7 billion Hong Kong IPO, pending regulatory approval, which could dilute existing shareholders by up to 6.4%.
Angelini Completes $4.1B Acquisition of Catalyst Pharmaceuticals
Angelini finalized its $4.1 billion acquisition of Catalyst Pharmaceuticals, paying $31.50 per share in cash, valuing the company at 9x 2026 EBITDA.
SoFi Faces Margin Hurdle to Meet 2026 Profit Goal
SoFi must achieve a 37.7% adjusted EBITDA margin in the second half of 2026 to meet its full-year profit target. Q2 results on July 29 will be crucial.
Mortgage Rates Can Drop Without Fed Action, but Bond Math Shows Limits
U.S. mortgage rates can fall without a Fed cut, but bond market math shows the limits. The 30-year rate hit 6.65%, with purchase applications down 7.3%.
Real Yields Anchor Treasury Market Despite Cooling PPI
Despite a surprise drop in producer prices, Treasury yields stayed high as real yields, not inflation expectations, kept long-term borrowing costs elevated.
Morgan Stanley Q2 Earnings: Trading Surge Masks Wealth Inflow Quality
Morgan Stanley's record Q2 was powered by a massive trading beat, but wealth inflows were heavily IPO-dependent, raising questions about earnings quality.
Kustom Entertainment Shares Surge 57% Ahead of Video-Solutions Sale Closing
Kustom Entertainment shares surged 57% in premarket trading as the scheduled closing date for its $5.5 million video-solutions business sale to Cycurion arrived, though the deal's completion hinges on credit tests.