• Amazon tops $3T: Amazon (AMZN) surpassed $3T in market value after strong earnings, accelerating AWS cloud growth, and AI momentum boosted investor confidence. Source: Forbes.
• Visa acquires BioCatch: Visa (V) is buying AI fraud detection platform BioCatch for $2.4B in cash, expanding its fraud prevention capabilities. BioCatch generated more than $185M in annual recurring revenue at the end of 2025. The deal is expected to close by early 2027. Source: WSJ.
• FAA certifies 737 Max 7: Boeing (BA) received Federal Aviation Administration certification for the 737 Max 7 after years of delays, clearing the company to begin deliveries. The approval is expected to support cash flow as airlines prepare the aircraft for service. Source: NY Times.
• Apple seeks OpenAI injunction: Apple (AAPL) asked a U.S. court to block OpenAI from using alleged trade secrets in its consumer hardware efforts, escalating the companies’ legal dispute. OpenAI denied possessing or seeking Apple’s confidential information. Source: Reuters.
• SpaceX prioritizes Starlink launches: SpaceX (SPCX) is increasingly using Falcon 9 launches for Starlink, limiting capacity for third-party customers until 2028–29 and strengthening its satellite business while squeezing rival space companies. Source: Reuters.
• Volta secures AI funding: AI cloud startup Volta raised $300M at a $2.4B valuation, backed by Dell (DELL), NVIDIA (NVDA), and others. The company also secured a $10B AI cloud contract. Source: Bloomberg.
• Chevron awards staff bonuses: Chevron (CVX) will pay most employees a special bonus equal to half a month's base pay after record earnings, citing strong operations and Hess integration. The move comes as President Trump urges oil majors to lower fuel prices. Source: Reuters.
• Shein targets Hong Kong IPO: Shein plans to launch a Hong Kong IPO as early as mid-August at a $30–$40B valuation, far below its 2022 peak, after regulatory approval and slowing growth pressured its valuation. Source: Reuters.

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• Wayfair: Wayfair (W) reported its strongest U.S. sales growth and highest free cash flow since 2020 as it gained market share from brick-and-mortar rivals. Shares jumped more than 15%. Source: CNBC.
• Palantir: Palantir (PLTR) lifted its full-year revenue and operating income forecasts after U.S. commercial sales surged 149% YoY. Strong AI demand sent the stock sharply higher premarket. Source: Bloomberg.
• Spotify: Spotify (SPOT) reached 300M premium subscribers in Q2 as revenue rose 14% YoY to €4.78B. The company forecast 305M premium subscribers and €5B in Q3 revenue, below expectations. Shares fell nearly 4% in premarket trading. Sources: WSJ / Reuters.
• McDonald's: McDonald's (MCD) reported weaker-than-expected U.S. same-store sales growth. Adjusted earnings beat estimates, however, and shares rose about 2.5% in premarket trading. The company also named a new president of U.S. business. Sources: Reuters / WSJ.
• Pfizer: Pfizer (PFE) beat Q2 profit estimates on strong demand for Eliquis and raised the low end of its 2026 revenue guidance to $60.5–$62.5B. Shares rose about 1.8% premarket. Source: Reuters.
• BP: BP (BP) reported a Q2 net profit of $5.7B, beating expectations, as higher oil and gas prices from the Iran conflict boosted earnings. The company raised its dividend by 4%. Source: CNBC.

• AI powers U.S. growth: AI investment is driving roughly one-third of recent U.S. economic growth, fueled by data center spending, capital investment, and stock gains. Economists warn the economy is becoming increasingly dependent on the AI boom. Source: WSJ.

• Iran talks remain disrupted: President Trump said negotiations with Iran are the “last chance” to end the conflict, while Tehran denied direct talks were underway. Meanwhile, a cargo ship reported being struck in the Strait of Hormuz. Today, Treasury Secretary Bessent said a deal to restore Hormuz traffic could be reached soon. Sources: AP / CNBC / CNBC.
• Ukraine targets Wildberries sites: Ukraine struck multiple facilities linked to Russian retailer Wildberries, which Kyiv says support Russia’s military. Five people were killed near Moscow. Source: BBC.
• Channel migrants rescued: French and British coastguards rescued 157 migrants after a boat caught fire in the English Channel while attempting to reach the U.K. No fatalities were reported. Source: CNN.
• States sue over tariffs: 25 states sued the Trump administration, arguing its new Section 301 forced-labor tariffs unlawfully replace import taxes the Supreme Court struck down. Source: PBS.
• Cyclospora outbreak turns fatal: Michigan reported the first two deaths linked to the U.S. cyclospora outbreak, which has sickened more than 11,000 people in the state. Source: CNBC.
• Five states hold primaries: Voters in Kansas, Michigan, Missouri, Virginia, and Washington are casting ballots today in key primary elections that will shape competitive races ahead of November. Source: NPR.

• 8:30 AM: Balance of Trade 
• 8:30 AM: Exports and Imports
• 10:00 AM: JOLTs Job Openings
• 4:30 PM: API Crude Oil Stock Change
• Wednesday: ISM Services PMI
• Friday: Non Farm Payrolls, Unemployment Rate

Palantir (PLTR) has released its quarterly earnings.

• Revenue of $1.94B (+92.73% YoY) beats by $124.35M.
• EPS of $0.41 (+156.25% YoY) beats by $0.08.
• Financials · As Reported · Metrics · Press Release

Vertex Pharmaceuticals (VRTX) has released its quarterly earnings.

• Revenue of $3.33B (+12.45% YoY) beats by $120.29M.
• EPS of $4.73 (+4.65% YoY) beats by $0.10.
• Financials · As Reported · Metrics · Press Release

Diamondback Energy (FANG) has released its quarterly earnings.

• Revenue of $5.56B (+51.22% YoY) beats by $627.08M.
• EPS of $6.48 (+142.70% YoY) beats by $0.40.
• Financials · As Reported · Metrics · Press Release

ONEOK (OKE) has released its quarterly earnings.

• Revenue of $12.05B (+52.77% YoY) beats by $2.65B.
• EPS of $1.53 (+14.18% YoY) beats by $0.07.
• Financials · As Reported · Metrics · Press Release

ON Semiconductor (ON) has released its quarterly earnings.

• Revenue of $1.60B (+9.18% YoY) beats by $14.55M.
• EPS of $0.74 (+39.62% YoY) beats by $0.03.
• Financials · As Reported · Metrics · Press Release

Caterpillar (CAT) has released its quarterly earnings.

• Revenue of $20.54B (+23.98% YoY) beats by $1.47B.
• EPS of $8.17 (+73.09% YoY) beats by $2.00.
• Financials · As Reported · Metrics · Press Release

HSBC Holdings (HSBC) has released its quarterly earnings.

• Revenue of $19.12B (+16.06% YoY) beats by $324.92M.
• EPS of $2.25 (+15.38% YoY) misses by $0.03.
• Financials · As Reported · Metrics · Press Release

Merck & Co. (MRK) has released its quarterly earnings.

• Revenue of $16.61B (+5.07% YoY) beats by $218.75M.
• EPS of -$0.13 misses by $0.36.
• Financials · As Reported · Metrics · Press Release

McDonald's (MCD) has released its quarterly earnings.

• Revenue of $7.10B (+3.74% YoY) misses by $56.51M.
• EPS of $3.38 (+5.96% YoY) beats by $0.04.
• Financials · As Reported · Metrics · Press Release

Pfizer (PFE) has released its quarterly earnings.

• Revenue of $15.03B (+2.27% YoY) beats by $608.41M.
• EPS of $0.77 (-1.28% YoY) beats by $0.09.
• Financials · As Reported · Metrics · Press Release

BP p.l.c. (BP) has released its quarterly earnings.

• Revenue of $69.11B (+48.21% YoY) beats by $10.33B.
• EPS of $2.22 (+146.67% YoY) beats by $0.81.
• Financials · As Reported · Metrics · Press Release

Spotify Technology (SPOT) has released its quarterly earnings.

• Revenue of $5.55B (+16.83% YoY) misses by $46M.
• EPS of $3.03 misses by $0.26.
• Financials · As Reported · Metrics · Press Release

Marathon Petroleum (MPC) has released its quarterly earnings.

• Revenue of $52.34B (+53.48% YoY) beats by $12.08B.
• EPS of $17.73 (+347.73% YoY) beats by $5.42.
• Financials · As Reported · Metrics · Press Release

Apollo Global Management (APO) has released its quarterly earnings.

• Revenue of $11.15B (+63.68% YoY) beats by $9.81B.
• EPS of $2.11 (+9.90% YoY) misses by $0.06.
• Financials · As Reported · Metrics · Press Release

SpaceX (SPCX) will report today after close.

• Analysts estimate revenue of $6.87B (n/a YoY).
• EPS is estimated to be -$0.16.
• Financials · As Reported · Metrics

Ternium (TX) will report today after close.

• Analysts estimate revenue of $4.42B (+12.07% YoY).
• EPS is estimated to be $1.28 (0.00% YoY).
• Financials · As Reported · Metrics

Itaú Unibanco Holding (ITUB) will report today after close.

• Analysts estimate revenue of $9.40B (+16.47% YoY).
• EPS is estimated to be $0.22 (+22.22% YoY).
• Financials · As Reported · Metrics

Eli Lilly (LLY) will report tomorrow before market open.

• Analysts estimate revenue of $20.44B (+31.35% YoY).
• EPS is estimated to be $8.84 (+40.10% YoY).
• Financials · As Reported · Metrics

McKesson (MCK) will report tomorrow after market close.

• Analysts estimate revenue of $104.08B (+6.39% YoY).
• EPS is estimated to be $9.62 (+16.46% YoY).
• Financials · As Reported · Metrics

MercadoLibre (MELI) will report tomorrow after market close.

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

Canadian Natural Resources (CNQ) will report Thursday.

• Analysts estimate revenue of $9.32B (+48.31% YoY).
• EPS is estimated to be $1.40 (+174.51% YoY).
• Financials · As Reported · Metrics

Constellation Energy (CEG) will report Thursday.

• Analysts estimate revenue of $7.95B (+30.29% YoY).
• EPS is estimated to be $2.37 (+24.08% YoY).
• Financials · As Reported · Metrics

Datadog (DDOG) will report Thursday.

• Analysts estimate revenue of $1.08B (+30.45% YoY).
• EPS is estimated to be $0.49 (+6.52% YoY).
• Financials · As Reported · Metrics

• Estimated Wednesday, Aug. 5: Attovia Therapeutics, Inc. (ATTO), an immunology-focused pharma firm with $1.35M in TTM revenue.
• Estimated Thursday, Aug. 6: Braveheart Bio, Inc. (BRVE), a cardiovascular-focused pharma firm.
• Estimated Thursday, Aug. 6: Vogenx, Inc. (VOGX), a metabolism-focused pharma firm.
• Estimated Friday, Aug. 7: BlossomHill Therapeutics, Inc. (BLSM), a biotech firm developing small molecule cancer therapies.
• Estimated Friday, Aug. 7: Latigo Biotherapeutics, Inc. (LTGO), a biopharmaceutical company developing non-opioid pain medicines.