• Market overview: The S&P 500 rose 1.79% to 7,736.52, the Nasdaq gained 2.59% to 26,584.99, and the Dow climbed 907 points to 54,085.88 amid strong earnings and lower oil prices. Source: CNBC.
• SpaceX spending rattles investors: SpaceX (SPCX) shares fell about 12% after Q2 capital spending surged sixfold to $18.4B, largely for AI. Despite narrowing losses, investors remain wary of heavy spending and upcoming insider share sales. The company is projecting $1T in annual revenue by 2030. Sources: CNBC / WSJ.
• P&G buys Thorne: Procter & Gamble (PG) agreed to acquire supplements maker Thorne for $3.8B. Thorne generated more than $500M in 2025 revenue and has a fast-growing DTC business. Source: CNBC.
• Disney adds TikTok creators: Disney (DIS) is partnering with TikTok to bring curated fan-made videos featuring Marvel, Star Wars, and Pixar content to Disney+, aiming to boost creator engagement and expand short-form video offerings. Source: The Verge.
• AI safety test raises concerns: The U.K. AI Security Institute said Anthropic’s Claude Mythos and OpenAI’s Sol created fake identities during cybersecurity testing, with Mythos attempting to deceive people to gain GitHub access under experimental conditions. Source: BBC.
• SpaceX launch news: SpaceX (SPCX) plans its next Starship test as soon as this month, aiming for the first land recovery of the upper stage and deploying upgraded Starlink satellites. Separately, a spent rocket part is believed to have struck the Moon. Sources: Reuters / BBC.
• Chipotle faces outbreak concern: Chipotle (CMG) pulled jalapeños from Minnesota restaurants after they were linked to a potential salmonella outbreak. Shares fell nearly 10%, though the company said it replaced the affected supply with peppers from other growers. Source: CNBC.
• Merger trial delayed: A federal judge set a March 2027 trial for Paramount’s (PSKY) proposed $111B acquisition of Warner Bros. Discovery (WBD), adding delay and uncertainty. Source: NY Times.
• GM extends China JV: General Motors (GM) and SAIC Motor extended their 50–50 China joint venture by 20 years to 2047, focusing on Buick and Cadillac sales in China and Chevrolet exports to non-U.S. markets. The venture has produced more than 20M vehicles since 1997. Source: CNBC.
• Dimon leads AI risk effort: Jamie Dimon, CEO of JPMorgan Chase (JPM), is leading a cross-industry alliance of more than 40 companies to coordinate AI risk management and work with the U.S. government on safeguards for critical infrastructure. Source: Reuters.
• Healthcare attracts investors: Investors are eyeing healthcare stocks amid improving earnings, rising M&A activity, and attractive valuations. Healthcare funds drew $2.44B in July, while the S&P 500 Healthcare Index has gained 11.2% over the past three months. Source: Reuters.

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• Novo Nordisk: Novo Nordisk (NVO) disappointed investors as Wegovy pill sales met, but did not exceed, expectations. Its next-generation obesity drug, CagriSema, also again lagged Eli Lilly’s (LLY) Zepbound in a key study. CEO Mike Doustdar pledged faster R&D and bolt-on acquisitions, even as the company raised its 2026 sales and profit outlook. Shares fell about 5%. Sources: Bloomberg / Reuters.
• Eli Lilly: Eli Lilly (LLY) reported Q2 revenue of $22.97B, up 48%, and adjusted EPS of $8.38, both above expectations, driven by strong Mounjaro and Zepbound demand. It raised its 2026 revenue outlook to $85B–$87B, while trimming the high end of EPS guidance. Source: WSJ.
• Uber: Uber (UBER) reported Q2 revenue of $14.19B, up 12% YoY, with gross bookings of $58B. It forecast Q3 bookings of about $59.25B and EPS of $0.84–$0.88, both below estimates. Source: CNBC.
• CVS: CVS Health (CVS) beat Q2 estimates with adjusted EPS of $2.58 vs. $1.85 expected and revenue of $106.1B vs. $100.1B. The company raised 2026 EPS guidance to $7.90–$8.10, up from $7.30–$7.50, and revenue outlook to at least $414B. Source: Reuters.
• Disney: Disney (DIS) reported fiscal Q3 adjusted EPS of $2.06 vs. $1.86 expected, while revenue of $25.25B slightly missed the $25.4B consensus. Parks revenue rose 10% to $9.97B and streaming revenue increased 11% to $5.53B. Source: CNBC.
• Paramount: Paramount Skydance (PSKY) raised its 2026 adjusted EBITDA outlook to $3.8B–$3.9B after Q2 revenue of $6.91B beat estimates. Paramount+ added 2M subscribers. Source: CNBC.

• Oil rises after Red Sea attack: Oil prices are rising after Yemen’s Iran-backed Houthis claimed a missile strike on a Saudi oil tanker in the Red Sea, dimming ceasefire hopes. Brent crude is up more than 1.2% to about $80.32 a barrel. Source: CNBC.
• Private hiring slows: U.S. private employers added 44,000 jobs in July, signaling slower hiring, while pay growth for job changers accelerated to its fastest pace in nearly a year, indicating labor shortages in parts of the market. Source: ADP.

• Russian strikes intensify: Russian missile and drone attacks killed at least 17 people in Kyiv and nearby areas. President Zelensky said reduced deliveries of Patriot interceptors left Ukraine more exposed and urged allies to accelerate air-defense support. Source: BBC.
• China retaliates against U.S.: China barred business with 7 U.S. entities, tightened export controls on U.S.-bound drones and related technology, and restricted U.S. certification inspections in response to recent U.S. measures. Source: Reuters.
• Primaries reveal party divides: Primary results showed gains for both progressive and establishment Democrats, while Trump-backed Republicans won key nominations. Voters also rejected Republican-backed ballot measures in Kansas and Missouri. See more election coverage here. Sources: NPR / AP.
• North Carolina Republican exits: Rep. Chuck Edwards withdrew his re-election bid after the House Ethics Committee recommended censure over inappropriate conduct toward two female staffers. Source: NY Times.

• 7:00 AM: MBA 30-Year Mortgage Rate
• 8:15 AM: ADP Employment Change
• 10:00 AM: ISM Services PMI
• 10:30 AM: EIA Crude Oil & Gasoline Stocks Change
• Friday: Non Farm Payrolls, Unemployment Rate

SpaceX (SPCX) has released its quarterly earnings.

• Revenue of $7.81B (+91.94% YoY) beats by $940.26M.
• EPS of -$0.09 beats by $0.07.
• Financials · As Reported · Metrics · Press Release

Advanced Micro Devices (AMD) has released its quarterly earnings.

• Revenue of $11.54B (+50.11% YoY) beats by $260.07M.
• EPS of $1.66 (+245.83% YoY) beats by $0.11.
• Financials · As Reported · Metrics · Press Release

Toyota Motor (TM) has released its quarterly earnings.

• Revenue of $84.87B (+0.12% YoY) n/a.
• EPS of $7.57 (+69.35% YoY) beats by $2.24.
• Financials · As Reported · Metrics · Press Release

Amgen (AMGN) has released its quarterly earnings.

• Revenue of $10.05B (+9.53% YoY) beats by $629.04M.
• EPS of $6.29 (+4.49% YoY) beats by $0.69.
• Financials · As Reported · Metrics · Press Release

Novo Nordisk (NVO) has released its quarterly earnings.

• Revenue of $12.21B (+4.55% YoY) beats by $859M.
• EPS of $0.96 (+5.49% YoY) beats by $0.15.
• Financials · As Reported · Metrics · Press Release

Suncor Energy (SU) has released its quarterly earnings.

• Revenue of $12.67B (+47.39% YoY) beats by $2.30B.
• EPS of $2.33 (+356.86% YoY) beats by $0.07.
• Financials · As Reported · Metrics · Press Release

Energy Transfer LP (ET) has released its quarterly earnings.

• Revenue of $34.33B (+78.43% YoY) beats by $5.25B.
• EPS of $0.59 (+84.37% YoY) beats by $0.22.
• Financials · As Reported · Metrics · Press Release

Sysco (SYY) has released its quarterly earnings.

• Revenue of $22.12B (+4.66% YoY) beats by $219.38M.
• EPS of $1.53 (+3.38% YoY) beats by $0.02.
• Financials · As Reported · Metrics · Press Release

Kimberly-Clark (KMB) has released its quarterly earnings.

• Revenue of $4.19B (+0.62% YoY) misses by $45.87M.
• EPS of $2.12 (+10.42% YoY) beats by $0.12.
• Financials · As Reported · Metrics · Press Release

NRG Energy (NRG) has released its quarterly earnings.

• Revenue of $7.48B (+10.99% YoY) beats by $269.27M.
• EPS of $1.49 (-11.31% YoY) misses by $0.26.
• Financials · As Reported · Metrics · Press Release

Eli Lilly (LLY) has released its quarterly earnings.

• Revenue of $22.97B (+47.67% YoY) beats by $2.54B.
• EPS of $8.38 (+32.81% YoY) misses by $0.46.
• Financials · As Reported · Metrics · Press Release

Disney (DIS) has released its quarterly earnings.

• Revenue of $25.25B (+6.76% YoY) misses by $187.21M.
• EPS of $2.06 (+27.95% YoY) beats by $0.20.
• Financials · As Reported · Metrics · Press Release

Uber Technologies (UBER) has released its quarterly earnings.

• Revenue of $14.19B (+12.17% YoY) misses by $44.77M.
• EPS of $0.81 (+28.57% YoY) misses by $0.02.
• Financials · As Reported · Metrics · Press Release

CVS Health (CVS) has released its quarterly earnings.

• Revenue of $106.10B (+7.28% YoY) beats by $6.00B.
• EPS of $2.58 (+42.54% YoY) beats by $0.74.
• Financials · As Reported · Metrics · Press Release

Phillips 66 (PSX) has released its quarterly earnings.

• Revenue of $52.04B (+55.25% YoY) beats by $10.30B.
• EPS of $9.41 (+295.38% YoY) beats by $2.65.
• Financials · As Reported · Metrics · Press Release

Cencora (COR) has released its quarterly earnings.

• Revenue of $84.75B (+5.07% YoY) beats by $407.01M.
• EPS of $4.48 (+12.00% YoY) beats by $0.12.
• Financials · As Reported · Metrics · Press Release

Honda Motor (HMC) has released its quarterly earnings.

• Revenue of $38.04B (+2.96% YoY) n/a.
• EPS of $2.18 (+124.74% YoY) beats by $0.91.
• Financials · As Reported · Metrics · Press Release

The Kraft Heinz Company (KHC) has released its quarterly earnings.

• Revenue of $6.26B (-1.42% YoY) beats by $160.84M.
• EPS of $0.56 (-18.84% YoY) beats by $0.03.
• Financials · As Reported · Metrics · Press Release

Primerica (PRI) will report today after close.

• Analysts estimate revenue of $851.53M (+7.34% YoY).
• EPS is estimated to be $5.92 (+8.42% YoY).
• Financials · As Reported · Metrics

Viavi Solutions (VIAV) will report today after close.

• Analysts estimate revenue of $432.68M (+48.94% YoY).
• EPS is estimated to be $0.29 (+123.08% YoY).
• Financials · As Reported · Metrics

McKesson (MCK) will report today after 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 today after close.

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

Chime Financial (CHYM) will report today after close.

• Analysts estimate revenue of $640.22M (+21.22% YoY).
• EPS is estimated to be $0.15 (n/a YoY).
• Financials · As Reported · Metrics

Canadian Natural Resources (CNQ) will report tomorrow before market open.

• 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 tomorrow before market open.

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

Monster Beverage (MNST) will report tomorrow after market close.

• Analysts estimate revenue of $2.42B (+14.46% YoY).
• EPS is estimated to be $0.58 (+11.54% YoY).
• Financials · As Reported · Metrics

The Trade Desk (TTD) will report tomorrow after market close.

• Analysts estimate revenue of $751.58M (+8.29% YoY).
• EPS is estimated to be $0.37 (-9.76% YoY).
• Financials · As Reported · Metrics

Airbnb (ABNB) will report tomorrow after market close.

• Analysts estimate revenue of $3.57B (+15.42% YoY).
• EPS is estimated to be $1.24 (+20.39% YoY).
• Financials · As Reported · Metrics

• Confirmed today: 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.