• Market recap: All 3 main indices tumbled on Friday, with the S&P and Nasdaq both down over 1% and the Dow slumping 407 points. Source: CNBC.
• Apple regains top spot: Apple (AAPL) eclipsed Nvidia (NVDA) to become the world’s most valuable company as investors shifted AI bets toward Apple’s services, ecosystem, and hardware strategy. Source: Reuters.
• Domino's gains: Domino's (DPZ) missed quarterly profit estimates for a 2nd straight quarter as weak consumer demand and intense competition weighed on results. Still, revenue slightly exceeded forecasts, and shares climbed 7% premarket. Source: Reuters.
• Brookfield buys LXP: Brookfield (BAM) and CPP Investments agreed to acquire LXP Industrial (LXP) in a $5.2B all-cash deal, expanding their U.S. warehouse and logistics portfolio. LXP gained 4.2% premarket. Source: WSJ.
• Meta explores Anthropic pact: Meta (META) is in early talks to lease AI computing capacity to Anthropic in a deal worth up to $10B. Still, shares fell 2.8%. Source: CNN.
• USA Rare Earth names CEO: USA Rare Earth (USAR) appointed Thras Moraitis as CEO. Moraitis currently leads Serra Verde, a Brazilian miner acquired by USAR. Shares rose 1.7% premarket. Source: WSJ.
• AI spending strains Oracle's balance sheet: Aggressive AI data center investment is driving Oracle (ORCL) to rely more on debt, raising credit risks and investor concerns as capital spending outpaces cash flow. Shares are down 35% YTD. Source: NY Times.
• Ryanair profit drops: Ryanair (RYAAY) reported a 34% drop in quarterly pre-tax profit to $678M as higher fuel costs from the Iran conflict and weaker travel demand pressured earnings. Shares fell 4% premarket. Source: BBC.
• Coke's dairy brand crippled: Coca-Cola (KO) admitted that a ransomware attack forced its Fairlife dairy unit to suspend U.S. production, highlighting growing cybersecurity risks for food manufacturers. Shares fell 4%. Source: Inc.
• Samsung cuts U.S. jobs: Samsung (KRX:005930) is slashing U.S. consumer electronics jobs and relocating hundreds of employees as it moves its local headquarters from NJ to TX. Source: Reuters.
• Segro rejects Prologis bid: U.K. industrial real-estate firm Segro (LON:SGRO) turned down a sweetened $18.2B takeover offer from Prologis (PLD). Prologis fell 2.3% premarket. Source: WSJ.
• 'The Odyssey' opens strong: Universal’s (CMCSA) 'The Odyssey' debuted with $264.1M in worldwide ticket sales, marking one of Christopher Nolan’s biggest opening weekends. IMAX (IMAX) sales were particularly high, sending shares up 4% premarket. Source: Reuters.

• Boeing scores FAA certificates: Boeing (BA) gained 1% premarket after the FAA said it would let the plane-maker restart the rollout of airworthiness certificates for all 737 Max and 787 jets. CEO Kelly Ortberg said Boeing would take several years to get its finances in order. Sources: NY Times / WSJ.
• Fox faces defamation suit: Two Utah organizations filed suit against Fox News (FOXA) over Fox's claims that the orgs — which oppose celebrity investor Kevin O'Leary's proposed data center project — acted as Chinese government proxies. Fox is down 21% YTD. Source: Politico.
• Europe fines AliExpress: The E.U. levied a record $629M fine against Alibaba’s (BABA) AliExpress for failing to curb illegal, unsafe, and counterfeit products. Still, shares rose 3.4% premarket. Source: Reuters.
• X scraps music lawsuits: Elon Musk’s X — which is now a part of SpaceX (SPCX) — and major music publishers agreed to dismiss dueling copyright and antitrust lawsuits, ending a years-long legal dispute. The companies did not disclose whether a settlement was reached. Source: NY Times.

• CuspAI scores Bezos funding: Jeff Bezos lent his support to AI startup CuspAI in a $450M funding round valuing it at $2.6B. The company also partnered with Nvidia (NVDA) on AI-driven materials discovery for semiconductors and advanced manufacturing. Source: CNBC.
• World Cup makes gambling history: The World Cup drove record activity on Kalshi and Polymarket, with more than $5.69B wagered on the final — and monthly trading volume surpassing $50B. The surge likely makes the World Cup the globe's largest-ever gambling event. Source: NY Times.

• 2025 was record year for startups: U.S. entrepreneurship is surging, with a record 5.7M business applications last year as AI helps lower startup costs and accelerates company creation. Source: NY Times.
• Gas hits $4 again: Crude oil fell below $88 per barrel on hopes of renewed U.S.-Iran negotiations, having previously surged above $90. Average U.S. gas prices climbed above $4 for the first time since mid-June. Sources: CNBC / AP.
• Chinese auto sales slump: China’s passenger vehicle market is on track for its worst year since 2021 after H1 sales fell 20.2%. Source: CNBC.

• 3 U.S. soldiers die in Iran conflict: At least 2 American troops died in an Iranian strike on a U.S. base in Jordan on Friday, and another soldier perished in Iraq during a drone detonation. The U.S. launched more airstrikes in response to the killings, while the Iran-linked Houthis in Yemen said they would embargo Saudi Arabia. Sources: NPR / AP / CNBC.
• Israel passes raft of laws: Israel’s government passed several laws to weaken legal oversight, advance draft exemptions for ultra-Orthodox Israelis, and reshape media regulation. Critics said the legislation will consolidate PM Netanyahu's grip on power. Source: NY Times.
• Trump activates dormant deportation court: The Trump admin. filed the first-ever case before a special deportation court, seeking to expedite deportations of alleged “alien terrorists.” The court was established in 1996 but has never before been used. Source: Politico.
• Spain wins World Cup: Spain won its second World Cup, beating Argentina 1-0 in extra time on a goal by Ferran Torres. Source: Bloomberg.

• There are no major economic events to report today, but we'll be back tomorrow with the day's economic events.

The Travelers Companies (TRV) has released its quarterly earnings.

• Revenue of $12.15B (+0.31% YoY) beats by $923.67M.
• EPS of $10.04 (+54.22% YoY) beats by $5.10.
• Financials · As Reported · Metrics · Press Release

Ryanair Holdings (RYAAY) has released its quarterly earnings.

• Revenue of $5.10B (+3.64% YoY) misses by $113M.
• EPS of $1.19 (-31.61% YoY) misses by $0.16.
• Financials · As Reported · Metrics · Press Release

Domino's Pizza (DPZ) has released its quarterly earnings.

• Revenue of $1.19B (+4.28% YoY) beats by $10.59M.
• EPS of $4.07 (+6.82% YoY) misses by $0.14.
• Financials · As Reported · Metrics · Press Release

Autoliv (ALV) has released its quarterly earnings.

• Revenue of $2.80B (+3.28% YoY) beats by $46.08M.
• EPS of $2.43 (+9.95% YoY) in line with estimates.
• Financials · As Reported · Metrics · Press Release

Marsh & McLennan Companies (MRSH) will report tomorrow before market open.

• Analysts estimate revenue of $7.28B (+4.41% YoY).
• EPS is estimated to be $2.90 (+6.62% YoY).
• Financials · As Reported · Metrics

3M Company (MMM) will report tomorrow before market open.

• Analysts estimate revenue of $6.39B (+3.74% YoY).
• EPS is estimated to be $2.24 (+3.70% YoY).
• Financials · As Reported · Metrics

Alphabet (GOOGL) will report Wednesday.

• Analysts estimate revenue of $113.63B (+17.84% YoY).
• EPS is estimated to be $2.87 (+24.24% YoY).
• Financials · As Reported · Metrics

Tesla (TSLA) will report Wednesday.

• Analysts estimate revenue of $25.24B (+12.18% YoY).
• EPS is estimated to be $0.44 (+10.00% YoY).
• Financials · As Reported · Metrics

CSX Corporation (CSX) will report Wednesday.

• Analysts estimate revenue of $3.77B (+5.56% YoY).
• EPS is estimated to be $0.49 (+11.36% YoY).
• Financials · As Reported · Metrics

Equinor ASA (EQNR) will report Wednesday.

• Analysts estimate revenue of $35.84B (+42.72% YoY).
• EPS is estimated to be $1.49 (+132.81% YoY).
• Financials · As Reported · Metrics

Moody's (MCO) will report Wednesday.

• Analysts estimate revenue of $2.06B (+8.53% YoY).
• EPS is estimated to be $4.18 (+17.42% YoY).
• Financials · As Reported · Metrics

CME Group (CME) will report Wednesday.

• Analysts estimate revenue of $1.73B (+2.08% YoY).
• EPS is estimated to be $2.99 (+1.01% YoY).
• Financials · As Reported · Metrics

Newmont (NEM) will report Thursday.

• Analysts estimate revenue of $6.38B (+19.97% YoY).
• EPS is estimated to be $2.18 (+52.45% YoY).
• Financials · As Reported · Metrics

Comcast (CMCSA) will report Thursday.

• Analysts estimate revenue of $29.26B (-3.47% YoY).
• EPS is estimated to be $0.97 (-22.40% YoY).
• Financials · As Reported · Metrics

Freeport-McMoRan (FCX) will report Thursday.

• Analysts estimate revenue of $6.63B (-12.56% YoY).
• EPS is estimated to be $0.60 (+11.11% YoY).
• Financials · As Reported · Metrics

HCA Healthcare (HCA) will report Friday.

• Analysts estimate revenue of $19.37B (+4.12% YoY).
• EPS is estimated to be $7.41 (+8.33% YoY).
• Financials · As Reported · Metrics

• There are no remaining IPOs expected this week. To see all upcoming IPOs, check out our IPO calendar.