Wall Street shifts focus to companies adopting AI, not building it
Morgan Stanley says 25% of S&P 500 companies cited measurable AI benefits in second quarter, up from 14% a year ago.
Johnson & Johnson Settles Talc Lawsuits for $5.5 Billion
The deal covers about 69,000 cases and must be accepted by 95% of ovarian cancer claimants to become final.
PayPal Raises Profit Forecast After Beating Second Quarter Earnings Estimates
The company reported adjusted earnings of $1.38 per share, beating the $1.28 analyst estimate, and raised full-year guidance to $5.38.
South Korea's Kospi plunges 10.8% as global chip stocks tumble
Samsung and SK Hynix led the decline amid concerns that Chinese AI startups and chipmakers could erode market gains.
KKR and Energy Capital Partners to Acquire DCC Energy for $7.66 Billion
The private equity firms will pay 6,525 pence per share in cash plus a dividend, with additional payments tied to a technology unit sale.
XRP Falls 4% to $1.05 as CLARITY Act Stalls in Senate
The cryptocurrency dropped as the Senate shelved the crypto bill ahead of August 8 recess, with odds of passage falling from 53% to 37%.
Bloom Energy Stock Falls 43% in One Month Ahead of July 28 Earnings
The fuel cell maker, which supplies power to AI data centers, has a $20 billion backlog and recently expanded its Brookfield partnership to $25 billion.
Nvidia and Chip Stocks Fall on AI Spending and Competition Concerns
Nvidia dropped 5% Monday following reports it was discussing hundreds of billions in financing for OpenAI chip purchases and data centers.
McConnell Not Cleared to Leave Rehab Six Weeks After Fall
The 84-year-old Kentucky senator has missed 38 votes and will skip a major state political event while undergoing physical therapy.
The Odyssey leaked on X, viewed over 2 million times before takedown
Universal Pictures initiated takedown protocols and warned it will pursue all appropriate remedies to protect its content.
Northeast Bank Reports Record Annual Net Income, Up 29 Percent
The bank posted quarterly net income of $34.3 million and return on equity of 23.5 percent for the fourth quarter of 2026.
Incoming Apple CEO John Ternus to Continue Focus on Streaming Entertainment
Ternus, who becomes CEO in September 2026, attended the Ted Lasso season four premiere and pledged to build on streaming momentum.
Trump demands Senate stay in session until SAVE America Act passes
The president urged Majority Leader John Thune to keep the Senate working until it passes his voting bill or ends the filibuster.
Securitize Registers Subsidiary as SEC Investment Adviser, Expands Regulated Platform
Securitize Capital's registration adds advisory services to the tokenization platform's existing broker-dealer and fund administration businesses.
Philip Morris Opens $1.2 Billion Colorado Plant for Zyn Nicotine Pouches
The Aurora facility doubles the original $600 million investment announced in 2024 and began production this month.
Storj Labs Files for Chapter 11 Bankruptcy, Explores Equity for Token Holders
The decentralized cloud storage company filed in West Virginia bankruptcy court on July 26, citing legacy obligations while pledging to keep its network operational.
United Airlines Approached Delta About Merger Last Year, Talks Did Not Progress
United CEO Scott Kirby contacted Delta CEO Ed Bastian to pitch a combination of the two most valuable U.S. carriers.
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