Mega-cap stocks like SanDisk and American Express saw significant declines in Friday trading, while strong earnings reports and analyst upgrades fueled major rallies in companies such as Tenet Healthcare and RingCentral.
A coalition of major technology firms, including Nvidia, Microsoft, and Meta, has publicly advocated against restrictive regulations on open-source AI models, warning lawmakers that such rules could stifle innovation and competition.
Investment bank Piper Sandler has initiated coverage on the global integrated oil sector with a neutral outlook, highlighting Chevron as its sole 'Overweight' pick due to its re-rating potential.
Shares of gene-editing firm Scribe Therapeutics surged in their first day of trading, buoyed by a successful upsized IPO and significant investments from pharmaceutical giants Sanofi and Eli Lilly.
Walt Disney Co. saw a significant increase in options trading, with bullish call options vastly outnumbering puts. Activity was concentrated in July contracts, particularly the $96 strike, suggesting trader speculation on a near-term stock price increase.
Meta has rolled out a significant update for its AI assistant, introducing new capabilities for task management, planning, and integration with user calendars and email. The features are powered by the company's new Muse Spark 1.1 model.
The semiconductor giant informed customers it will raise prices by a double-digit percentage for products shipped after Sept. 1, attributing the move to rising supplier costs and broad industry-wide component shortages.
The Trump administration is initiating a trade investigation into the European Union's practice of fining major U.S. technology companies, a move that could lead to retaliatory tariffs. The announcement follows a new round of penalties against Google by the European Commission.
AI startup Anthropic has launched Opus 5, a new model designed to provide performance comparable to its top-tier Fable 5 but at half the price, aiming to accelerate enterprise adoption for daily tasks.
