Business
EyePoint Shares Fall on Missed Primary Endpoint in Wet AMD Trial
EyePoint Pharmaceuticals reported its DURAVYU implant missed non-inferiority versus Eylea in the LUGANO trial, though treatment-burden benefits were strong as the company looks ahead to the LUCIA readout.
Nvidia to Acquire Hugging Face for $12.9 Billion to Expand AI Software Reach
Nvidia announced a $12.93 billion acquisition of Hugging Face, aiming to broaden its presence in the AI software ecosystem while keeping the platform open to developers.
Harmony Biosciences projects >$1 bn WAKIX revenue, outlines pipeline and BD targets
CEO Jeff Dayno said WAKIX is on track for over $1 billion in 2024 revenue, while the company targets new product launches and acquisitions through 2032.
Freeport-McMoRan outlines copper growth strategy at Jefferies conference
CEO Kathleen Quirk detailed plans to ramp up Indonesia and U.S. output, launch a leaching program and expand the Bagdad project, targeting a 60% rise in U.S. copper production by 2030.
Chugai Expands Roche Cancer Test in Japan With New Approval
Roche subsidiary Chugai Pharmaceutical has received Japanese approval for its FoundationOne CDx test as companion diagnostics for the drug Tovorafenib, broadening its use to nine cancer types.
Karman Space & Defense Touts Growth, Capacity Expansion and Cash Goals
The defense contractor reported 25% organic growth, nearly 30% EBITDA margins, and outlined a Salt Lake City facility that will quadruple launch capacity as it pursues 80% cash conversion by 2027.
Tsakos Energy Q2 EPS Surges 557% on Strong Tanker Rates
The Athens-based tanker operator reported $4.40 per share in Q2, tripling operating income as Time Charter Equivalent rates climbed 50% year-over-year.
Imperial Petroleum Posts Record Q2 Revenue on Geopolitical Shipping Tensions
Maritime tanker operator reports $87.1M in quarterly revenue, up nearly 140% year-over-year, as Strait of Hormuz disruptions drive freight rates higher.
Honeywell targets $12 EPS by 2029, aims for 4‑6% organic growth
Honeywell said it will pursue 4‑6% organic growth, lift software ARR to about $1 bn by 2026 and set a $12 earnings‑per‑share floor for 2029, with modest margin expansion.
Zenith Energy Sees 22% Jump in Italian Operations Cash Flow
Zenith Energy reported a 22% rise in net operating contribution from its Italian electricity business, driven by higher power prices even as production held steady at around 8,000 MWh.
Athens Airport H1 Revenue Drops 2.8% as Traffic Grows; €500M Bond Exceeds Target
Athens International Airport reported a 2.8% revenue decline in H1 2026 despite record passenger growth, while its euro bond sale was oversubscribed more than five times.
Manulife says Asia growth offsets near-term headwinds on path to 18% ROE
Manulife reported 14% core EPS growth YTD and CAD 2.6B returned to shareholders, but CEO Phil Witherington said progress toward an 18% core ROE target is lagging due to Canadian disability experience and currency headwinds.
Graphic Packaging Raises Free Cash Flow Guidance, Eyes Mid-Teen Margins
CEO Robbert Rietbroek targets LTM free cash flow of $600M–$700M and long-term EBITDA margins in the mid-teens as pricing actions and cost cuts offset inflation headwinds.
Sanlam H1 Core Earnings Grow Just 1% as Severe Weather Eats Into Profits
South African insurer Sanlam reported a sharp slowdown in core earnings growth for the first half of 2026, with weather-related claims and abnormal losses eroding results by roughly 8%, offsetting gains in asset management.
Novavax Partnerships Push Cash Runway Into the 2030s
Novavax says deals with Sanofi and Pfizer extend its cash runway into the 2030s, as the company pivots from a COVID-only vaccine maker to a broader platform business.
Wiley Reports Q1 Miss, Reaffirms Guidance Amid Segment Challenges
Revenue fell 3% YoY to $386 million as AI licensing comparisons weighed on Learning segment, while Research Publishing growth drove adjusted EBITDA expansion.
Resideo's Growth Plan Survives OEM Security Pullback, CFO Says
Resideo (REZI) outlined a strategy to offset shrinking OEM security revenue through margin gains and mid-single-digit growth, even as it exits a low-margin contract running through 2028.
Victoria's Secret Shares Drop 16% on Weak Q3 Operating Income Outlook
Victoria's Secret stock fell more than 16% in premarket trading after the company guided for a mid-point operating income of just $15 million in Q3, well below analyst expectations of $24.4 million, citing higher strategic marketing investment.
Dell CFO says AI server demand surges, lifts FY27 guidance by 70%
Dell Technologies reported $13.2 bn of AI bookings over the past year and a 122% rise in traditional server revenue, prompting a 70% increase in its fiscal 2027 outlook.
B&C Speakers H1 Revenue Falls 7%, Margins and Cash Flow Hold Up
Revenue slid to €47 million as U.S. DIY demand weakened, but EBITDA stayed above €9 million and free cash flow hit €5.1 million, reflecting cost discipline and better FX management.
Transat Posts Q3 Loss as Jet Fuel Prices Sink Profitability
Canadian leisure carrier reported an adjusted loss of $2.18 per share on CAD 793M in revenue, as 56% fuel price growth wiped out operating profit and forced reliance on government lending.
Ironwood's LINZESS Rebound Fuels Turnaround as Debt Vanishes
Ironwood Pharmaceuticals raised full-year LINZESS guidance above $1 billion and paid off $200 million in debt, as the company posted a strong earnings recovery at a Wells Fargo conference.
Anthropic delays IPO amid AI competition, safety concerns
Anthropic is evaluating a new AI model amid OpenAI’s rapid revenue growth and investor scrutiny over profitability and safety risks.
Oracle's Data Center Debt Under Pressure Amid Project Concerns
Oracle's $18 billion loan for Project Jupiter data center faces challenges as debt distribution stalls and power infrastructure issues arise.
AI reshapes wealth advisory: banks face a competence shift
Bank advisors must adapt as customers use AI tools to fact-check recommendations and demand higher-value guidance.