• Walmart settles opioid lawsuit: Walmart (WMT) agreed to pay $50M to settle claims that its pharmacies filled suspicious opioid prescriptions. The deal also requires stronger monitoring. Source: NY Times.
• FDA expands Mounjaro use: Eli Lilly (LLY) won FDA approval for Mounjaro to reduce heart attack and stroke risk in high-risk adults with type 2 diabetes, expanding the drug's label usage. Source: Reuters.
• OpenAI cuts Cursor access: OpenAI plans to end Cursor’s access to its models on Nov. 12 after SpaceX (SPCX) acquired the coding startup for $60B. OpenAI cited concerns over contract compliance, though its models represent only about 5% of Cursor traffic. Source: CNBC.
• Aon nears $17B USI deal: Aon (AON) is nearing a roughly $17B acquisition of USI Insurance from KKR (KKR), expanding its middle-market brokerage business. Source: WSJ.
• SB Energy deepens OpenAI ties: SoftBank-backed (TYO:9984) SB Energy granted OpenAI warrants valued at $5.5B to secure it as a data-center tenant ahead of a planned IPO. Nvidia (NVDA) also committed $3B in IPO-linked investments. Source: WSJ.
• AppleTV raises prices: Apple (AAPL) raised Apple TV’s U.S. monthly price from $12.99 to $14.99 and the annual price from $99 to $119. Apple One’s individual plan also increased. Source: Variety.
• Marvell raises forecasts: Marvell Technology (MRVL) raised fiscal 2027 revenue guidance to about $12B and fiscal 2028 to $18B, but shares fell over 6% as investors questioned the timing of revenue from its Google (GOOGL) AI chip deal. Source: Reuters.
• Visa & Mastercard enter Syria: Visa (V) and Mastercard (MA) completed their first international card transactions in Syria, marking a major step toward financial reintegration after the U.S. removed Syria from its terrorism sponsor list. Source: Reuters.
• HDFC Bank faces CEO transition: HDFC Bank (HDB) shares rose after CEO Sashidhar Jagdishan unexpectedly said he will step down when his term ends in October. The stock is down 27% this year. Source: CNBC.
• Corporate profits surge: S&P 500 EPS jumped 53% in Q2 as sales rose nearly 16%, helped by AI spending, resilient consumers, and tariff refunds. More companies are raising profit guidance than cutting it. Source: WSJ.
• Volvo shrinks Swedish operations: Volvo Cars (STO:VOLV.B) is closing its Stockholm office and shifting responsibilities to Gothenburg as part of a cost-cutting drive. The site employs 450 people, though the number of job losses is unclear. Source: Reuters.
• Jio wins IPO approval: Jio Platforms secured regulatory approval for an IPO expected to raise about $3.9B, potentially India’s largest. Meta (META) and Alphabet (GOOGL) are major shareholders. Source: CNBC.

• Oil jumps on U.S.-Iran conflict: Brent crude rose 3.6% to $91.25, and WTI climbed 3.6% to $86.36, after U.S. strikes on Iran and reported retaliation renewed supply disruption fears. Source: Reuters.
• Warsh boosts rate-hike bets: Fed Chair Warsh warned that inflation remains too high and left the door open to further rate hikes, pushing Treasury yields higher. Source: CNBC.
• G20 confronts Iran shock: G20 finance officials are kicking off two days of meetings today in Asheville, N.C, as the Iran war drives up energy costs, slows global growth, and strains supply chains. Source: NY Times.
• China factory slump eases: China’s manufacturing PMI rose to 49.8 in August, up from 49.2, beating forecasts but remaining in contraction. Services stayed weak at 49.0. Source: Reuters.
• India growth beats forecasts: India’s economy expanded 7.8% in the June quarter, topping the 7.1% estimate, as services and manufacturing strengthened. Source: CNBC.
• German foreign investment surges: Foreign direct investment in Germany jumped 50% to €86B in 2025. British investment surged 284% to €26B, making the U.K. the largest source, while U.S. investment fell 44% to €11.8B. Source: Reuters.

• U.S.-Iran hostilities resume: The U.S. and Iran exchanged attacks for the first time since July. The Trump admin. also plans to sanction another bank this week as it escalates financial pressure on Iran. Sources: Reuters / AP.
• Trump's Venezuelan oil plan: The U.S. will take 55% of oil from a Venezuelan joint venture, equal to about 65B barrels underground. President Trump said the U.S. will use the oil to replenish the Strategic Petroleum Reserve. However, energy experts say production could take years and is unlikely to lower prices soon. Sources: NPR / Reuters.
• Nepal death toll rises: Nepal’s flash-flood death toll has risen to 903, with 4,247 people missing, including 933 hydropower workers. Source: BBC.
• Xi expands diplomatic outreach: Chinese President Xi is beginning a rare stretch of overseas travel, including Kyrgyzstan — where he will meet with Putin — Egypt, and potentially India, ahead of an expected September meeting with President Trump. Sources: CNBC / WSJ.
• North Korea vows nuclear buildup: North Korea said it will keep strengthening its nuclear force, rejecting U.S. denuclearization demands despite Trump scaling back drills with South Korea. Source: Reuters.
• Grand Canyon flooding: A Grand Canyon flash flood killed one person, left about 15 missing, and damaged the park’s water pipeline. Source: AP.
• Iceland rejects EU discussions: Iceland will not resume EU membership negotiations after 52.8% of voters rejected reopening accession talks, reflecting concerns over sovereignty and control of fisheries despite arguments for greater trade and economic stability. Source: Bloomberg.
• Dolly Parton laid to rest: Dolly Parton was buried beside her late husband, Carl Dean, in Nashville, following a private family funeral. Tributes continue nationwide, and Tennessee plans to rename Nashville International Airport in her honor. Source: BBC.

• 10:30 AM: Dallas Fed Manufacturing Index
• Tuesday: ISM Manufacturing PMI, JOLTs Job Openings
• Thursday: ISM Services PMI
• Friday: Non-Farm Payrolls, Unemployment Rate

Frontline (FRO) has released its quarterly earnings.

• Revenue of $943.30M (+96.49% YoY) beats by $186.21M.
• EPS of $2.61 (+625.00% YoY) misses by $0.03.
• Financials · As Reported · Metrics · Press Release

Hafnia (HAFN) has released its quarterly earnings.

• Revenue of $505.70M (+45.90% YoY) beats by $110.95M.
• EPS of $0.56 (+273.33% YoY) beats by $0.05.
• Financials · As Reported · Metrics · Press Release

GameStop (GME) will report tomorrow after market close.

• Analysts estimate revenue of n/a (n/a YoY).
• EPS is estimated to be $0.06 (-76.00% YoY).
• Financials · As Reported · Metrics

GitLab (GTLB) will report tomorrow after market close.

• Analysts estimate revenue of $273.35M (+15.85% YoY).
• EPS is estimated to be $0.13 (-45.83% YoY).
• Financials · As Reported · Metrics

MongoDB (MDB) will report tomorrow after market close.

• Analysts estimate revenue of $734.24M (+24.15% YoY).
• EPS is estimated to be $1.30 (+30.00% YoY).
• Financials · As Reported · Metrics

Palo Alto Networks (PANW) will report tomorrow after market close.

• Analysts estimate revenue of $3.35B (+32.14% YoY).
• EPS is estimated to be $0.88 (-7.37% YoY).
• Financials · As Reported · Metrics

Dell Technologies (DELL) will report tomorrow after market close.

• Analysts estimate revenue of $44.67B (+50.04% YoY).
• EPS is estimated to be $4.88 (+110.34% YoY).
• Financials · As Reported · Metrics

Broadcom (AVGO) will report Wednesday.

• Analysts estimate revenue of $29.44B (+84.56% YoY).
• EPS is estimated to be $3.16 (+86.98% YoY).
• Financials · As Reported · Metrics

Hewlett Packard Enterprise (HPE) will report Wednesday.

• Analysts estimate revenue of $11.98B (+31.09% YoY).
• EPS is estimated to be $0.91 (+106.82% YoY).
• Financials · As Reported · Metrics

NetApp (NTAP) will report Wednesday.

• Analysts estimate revenue of $1.84B (+17.86% YoY).
• EPS is estimated to be $2.04 (+31.61% YoY).
• Financials · As Reported · Metrics

Ciena (CIEN) will report Thursday.

• Analysts estimate revenue of $1.64B (+34.24% YoY).
• EPS is estimated to be $1.67 (+149.25% YoY).
• Financials · As Reported · Metrics

Copart (CPRT) will report Thursday.

• Analysts estimate revenue of $1.14B (+1.40% YoY).
• EPS is estimated to be $0.38 (-7.32% YoY).
• Financials · As Reported · Metrics

Oracle (ORCL) will report Friday.

• Analysts estimate revenue of $19.13B (+28.18% YoY).
• EPS is estimated to be $1.67 (+13.61% YoY).
• Financials · As Reported · Metrics

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