• Paramount delays WBD takeover: Paramount (PSKY) agreed to postpone its Warner Bros. Discovery (WBD) takeover until an antitrust trial or June 1, 2027, whichever comes first. The setback could trigger quarterly fees to WBD shareholders after Sept. 30, with Paramount down 3.3% on the news. Source: CNN.
• Apple, Micron clash over Chinese chips: Apple (AAPL) is lobbying the Trump admin. to allow Chinese memory chips in products sold outside the U.S., while Micron (MU) warned that the move could undermine domestic chip production. Micron fell 7% on Friday but climbed 2% premarket. Source: WSJ.
• AstraZeneca's profit climbs: AstraZeneca (AZN) posted adjusted EPS of $2.63, up 21% YoY and above estimates, as demand for cancer drugs surged. It maintained its annual outlook, with shares up 1.7% premarket. Source: Bloomberg.
• Nvidia weighs $250B OpenAI backstop: Nvidia (NVDA) is in talks to guarantee roughly $250B of financing for OpenAI to lease a 10-GW Ohio data center that could cost over $500B, potentially locking in major AI chip demand. Shares rose 1% premarket. Source: WSJ.
• Starship's winning test flight: SpaceX (SPCX) completed a successful Starship test, deploying 20 satellites and landing its upper stage intact for the first time ever. Still, shares sank 2.7%. Source: NY Times.
• United explored Delta merger: United (UAL) approached Delta (DAL) last year about combining the two carriers, but talks did not advance. A deal would have merged the two most valuable U.S. airlines. Shares of each company rose 3-4% premarket. Source: WSJ.
• DeepSeek suspends fundraising: DeepSeek, the Chinese AI titan, withdrew plans to raise at least $1.48B at a $70.88B pre-money valuation after founder Liang Wenfeng’s investor comments went viral online. The AI startup may resume talks and is preparing for an IPO. Source: Bloomberg.
• Shein swings to quarterly loss: Chinese e-commerce giant Shein dipped to a $99M Q1 loss from a $395M profit due to the closure of a tariff exemption. The company is preparing for a Hong Kong IPO. Source: BBC.
• CXMT soars in blockbuster debut: Chinese chipmaker CXMT (SHA:688825) surged 466% in its Shanghai debut, valuing the company at $488B in the country’s 2nd-largest IPO. CXMT is now China's largest public company. Source: Bloomberg.

• New home sales beat: New U.S. home sales rose 1.6% MoM in June to a 628K annualized rate, beating forecasts, but fell 5.6% YoY. Source: Reuters.
• Oil prices decline: Oil fell 5% to $92 per barrel after U.S.-Iran attacks abated over the weekend. The average U.S. gallon of gas remains at $4.11. Sources: AP / AAA.
• Singapore tightens policy: Singapore unexpectedly tightened its monetary policy for a 2nd straight time, slightly increasing its currency's appreciation rate to curb imported inflation risks from high oil prices. Source: CNBC.

• Trump pauses Iran escalation: The U.S. delayed a major offensive against Iran amidst concerns over shrinking missile inventories. Iran panned further negotiations and claimed that it retains control over the Strait of Hormuz. Sources: WSJ / Reuters.
• Protests topple Indian minister: Indian Education Minister Dharmendra Pradhan resigned following massive student protests over leaked exam questions, marking a rare political retreat for PM Modi's right-wing government. Source: NY Times.
• Korean ex-leader gets 18 months: South Korea’s former president Yoon Suk Yeol received an 18-month prison sentence, suspended for 3 years, for false statements during his 2022 campaign. Source: Reuters.
• Indonesian central banker resigns: Governor Perry Warjiyo of Indonesia's central bank unexpectedly quit, raising investor concerns over central-bank independence and policy continuity. Source: CNBC.
• European fires force mass evacuations: Wildfires across France and Spain have forced more than 330K people to evacuate. Extreme heat, dry vegetation, and winds have obstructed firefighting efforts. Source: BBC.
• Berlin Pride attack injures dozens: In an attack that authorities labeled likely Islamist terrorism, a van drove into a group of people at an LGBTQ celebration in Berlin. One person was killed and at least 29 were injured. German police later shot dead the suspect. Source: BBC.

• Measles cases hit 35-year high: Amid declining vaccination rates, this year's U.S. measles cases have already surpassed 2025’s total for the worst year since 1991. Source: AP.
• Hawaii's lieutenant governor indicted: Lt. Gov. Sylvia Luke, Democrat of Hawaii, was indicted on bribery, conspiracy, and campaign-reporting charges tied to an alleged 2022 quid pro quo. She is under pressure to resign. Source: Politico.
• 3 killed in Seattle shooting: 3 people died and at least 4 others, including a 2-year-old, were injured in a shooting at a Seattle festival. Police detained a suspect and are seeking another. Source: CNN.

• 8:30 AM: Durable Goods Orders MoM & Durable Goods Orders Excl. Transp. MoM
• 10:30 AM: Dallas Fed Manufacturing Index
• Wednesday: Fed Interest Rate Decision, Fed Press Conference
• Thursday: Core PCE Price Index MoM, GDP Growth Rate QoQ Adv., Personal Income & Spending MoM

AstraZeneca (AZN) has released its quarterly earnings.

• Revenue of $15.38B (+6.41% YoY) misses by $41.84M.
• EPS of $2.63 (+141.28% YoY) beats by $1.11.
• Financials · As Reported · Metrics · Press Release

Baker Hughes Company (BKR) has released its quarterly earnings.

• Revenue of $6.74B (-2.43% YoY) beats by $220.31M.
• EPS of $0.64 (+1.59% YoY) beats by $0.16.
• Financials · As Reported · Metrics · Press Release

Universal Health Services (UHS) will report today after close.

• Analysts estimate revenue of $4.57B (+6.63% YoY).
• EPS is estimated to be $5.91 (+10.47% YoY).
• Financials · As Reported · Metrics

UPS (UPS) will report tomorrow before market open.

• Analysts estimate revenue of $21.68B (+2.25% YoY).
• EPS is estimated to be $1.65 (+6.45% YoY).
• Financials · As Reported · Metrics

Oshkosh (OSK) will report tomorrow before market open.

• Analysts estimate revenue of $2.81B (+2.82% YoY).
• EPS is estimated to be $2.65 (-22.29% YoY).
• Financials · As Reported · Metrics

Waste Management (WM) will report tomorrow after market close.

• Analysts estimate revenue of $6.69B (+4.06% YoY).
• EPS is estimated to be $2.00 (+4.17% YoY).
• Financials · As Reported · Metrics

Barclays (BCS) will report tomorrow before market open.

• Analysts estimate revenue of $11.11B (+15.81% YoY).
• EPS is estimated to be $0.89 (+41.27% YoY).
• Financials · As Reported · Metrics

Microsoft (MSFT) will report Wednesday.

• Analysts estimate revenue of $87.61B (+14.61% YoY).
• EPS is estimated to be $4.23 (+15.89% YoY).
• Financials · As Reported · Metrics

Meta Platforms (META) will report Wednesday.

• Analysts estimate revenue of $60.22B (+26.74% YoY).
• EPS is estimated to be $7.18 (+0.56% YoY).
• Financials · As Reported · Metrics

Automatic Data Processing (ADP) will report Wednesday.

• Analysts estimate revenue of $5.44B (+6.04% YoY).
• EPS is estimated to be $2.60 (+15.04% YoY).
• Financials · As Reported · Metrics

Amazon (AMZN) will report Thursday.

• Analysts estimate revenue of $196.02B (+16.89% YoY).
• EPS is estimated to be $1.82 (+8.33% YoY).
• Financials · As Reported · Metrics

Apple (AAPL) will report Thursday.

• Analysts estimate revenue of $108.86B (+15.77% YoY).
• EPS is estimated to be $1.89 (+20.38% YoY).
• Financials · As Reported · Metrics

ING Groep (ING) will report Thursday.

• Analysts estimate revenue of $7.12B (+10.13% YoY).
• EPS is estimated to be $0.74 (+17.46% YoY).
• Financials · As Reported · Metrics

Quanta Services (PWR) will report Thursday.

• Analysts estimate revenue of $8.60B (+26.98% YoY).
• EPS is estimated to be $3.25 (+31.05% YoY).
• Financials · As Reported · Metrics

MercadoLibre (MELI) will report Friday.

• Analysts estimate revenue of $9.67B (+42.43% YoY).
• EPS is estimated to be $8.95 (-13.19% YoY).
• Financials · As Reported · Metrics

• Estimated Tuesday, July 28: Ionic Digital Inc. (IOND), a crypto mining firm with $151.76M in TTM revenue and 2.1% revenue growth YoY.
• Estimated Thursday, July 30: Jersey Mike's Subs Inc. (JMKE), a subway-sandwich chain with $742M in TTM revenue and 6.6% revenue growth YoY.
• Estimated Thursday, July 30: Reformation Inc. (REF), a women's apparel brand with $533.31M in TTM revenue and 15.7% revenue growth YoY.