HII’s Ingalls Shipbuilding nainstalovala první velké bloky pro Thad Cochran (DDG 135) z partnerských závodů, což má zvýšit kapacitu a zrychlit výrobu torpédoborců.
PASCAGOULA, Miss., July 15, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division has reached a key milestone in its distributed shipbuilding initiative with the installation of the first grand blocks, made up of three units constructed by partner facilities, for Thad Cochran (DDG 135), a Flight III Arleigh Burke-class destroyer. Fabricated by Gulf Copper and Eastern Shipbuilding, the units arrived at Ingalls ahead of the ship’s October 2025 keel authentication, demonstrating successful early-sequence production by qualified offsite partners and enabling increased throughput at Ingalls.
“This milestone reflects the strength of our partner network and the efficiencies of distributed shipbuilding for our destroyer production line,” said Ingalls Shipbuilding President Brian Blanchette. “The DDG 135 pilot is proof that we can expand capacity across the program while allowing our skilled Ingalls shipbuilders to focus on final assembly, integration and testing.”
Photos accompanying this release are available at: https://www.hii.com/news/hiis-ingalls-shipbuilding-erects-first-grand-blocks-built-by-distributed-shipbuilding-partners-on-thad-cochran-ddg-135.
Since 2023, Ingalls has built an expanded network of qualified fabrication partners through a structured evaluation process that included technical capability assessments, workforce reviews, quality system verification and close collaboration with Portfolio Acquisition Executive Maritime’s Supervisor of Shipbuilding, Conversion and Repair Gulf Coast (SSGC). All partners are fully integrated into HII’s quality and material-control systems, ensuring consistency with shipyard production standards.
Building on the success of Thad Cochran, outsource work is also underway for John F. Lehman (DDG 137) and Telesforo Trinidad (DDG 139) by five different partnering companies that support Ingalls-destroyer construction. To date, all of the off-site production contracts have been awarded for 32 structural and pre-outfitted units for DDG 137 and 37 units for DDG 139. Of those units, the first two for DDG 137 have already arrived at Ingalls Shipbuilding ahead of the previously announced start of fabrication ceremony that took place July 1, marking another advantage as outsourced units are phased into the Ingalls construction processes for destroyers.
“Early deliveries for DDG 137 units show the model is not only repeatable but scalable,” said Blanchette. “Pushing work outside yard increases capacity. We have more hands working on more units that enables more work to be done in parallel and can contribute to accelerating the build by the Ingalls team. I’m confident as more partners come online and produce larger, more outfitted units, over time we expect to gain additional schedule efficiency while expanding capacity across multiple ship classes.”
There are 40 ships under construction at both HII shipyards and the shipyards will deliver five ships over the next 12 months, including an Arleigh Burke-class destroyer. To sustain this momentum, HII is counting on distributed shipbuilding to help increase the throughput to meet a generational demand. Combined, HII doubled its distributed shipbuilding last year, and has a goal of increasing it by an additional 30% this year.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:
Valmont Industries za poslední rok vzrostl o 64,6 % díky silné poptávce po infrastruktuře a vyšší provozní efektivitě. Brownfield expanze přidaly asi 95 milionů USD roční kapacity a podpořily backlog kolem 1,65 miliardy USD.
Key Takeaways Valmont gained 64.6% as utility infrastructure demand strengthened performance.Brownfield expansions added about $95 million in annual capacity and supported a $1.65 billion backlog.Automation, restructuring and lower expenses drove margin expansion and earnings growth. Valmont Industries, Inc. (VMI - Free Report) shares have rallied 64.6% in the past year. The company has also outperformed the Zacks Steel - Pipe and Tube industry’s 53.5% growth over the same time frame. The rally has been driven by robust demand in utility infrastructure and optimization of operational cost structure and manufacturing efficiency. The restructuring initiatives have widened margins, reinforcing investor outlook.
Let’s take a look at the factors that are driving VMI stock.
Valmont's strong performance over the past year has been driven by the momentum in its Infrastructure business and the successful implementation of operational improvement initiatives. Robust demand for grid modernization, electrification, data centers, AI-driven requirements and infrastructure supported Valmont.
Following this, the company focused more on brownfield capacity expansions to increase production capabilities and optimized manufacturing efficiency, adding roughly $95 million in annual revenue capacity. These investments supported higher volumes, favorable pricing and margin expansion while helping Valmont build a strong backlog of approximately $1.65 billion. Management expects industry demand to continue, positioning the company to benefit from a multi-year utility investment cycle.
At the same time, Valmont strengthened profitability through disciplined execution and continuous operational improvement initiatives. The company streamlined its structure, optimized resource allocation and lowered corporate expenses while undertaking restructuring plans.
Manufacturing efficiency improved through automation, AI-enabled scheduling and planning tools, workflow redesign and productivity enhancements across multiple facilities, driving consistent margin expansion and earnings growth. It also continued investing in its Agriculture business by expanding its AgSense digital irrigation solutions and launching the ICON+ control system to broaden revenue opportunities. Strategic acquisitions, including the remaining stake in ConcealFab, further enhanced its digital irrigation and telecommunications segment. Disciplined capital allocation, share repurchases and higher earnings guidance during the year reinforced investor confidence in Valmont's long-term growth prospects.
VMI’s Zacks Rank & Other Key Picks
VMI currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the Basic Materials space are Kronos Worldwide, Inc. (KRO - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Albemarle Corporation (ALB - Free Report) .
While KRO sports a Zacks Rank #1 (Strong Buy) at present, CRS and ALB carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for KRO’s 2026 loss is pinned at 33 cents per share, indicating a 65.63% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed the rest. KRO’sshares have gained 1% over the past year.
The Zacks Consensus Estimate for CRS’ 2026 earnings is pegged at $10.56 per share, indicating a rise of 41.18% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.95%.
The Zacks Consensus Estimate for ALB’s current fiscal-year earnings is pinned at $13.06 per share, indicating a 1,753.16% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing it one, with an average surprise of 74.5%. ALB’sshares have gained 82.8% over the past year.
Vishay Intertechnology získala certifikaci CMMC Level 2, která potvrzuje splnění požadavků pro práci s citlivými informacemi v programech amerického ministerstva obrany. Firma tak může dál podporovat obranné zakázky vyžadující CUI.
MALVERN, Pa., July 15, 2026 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today announced that the company has successfully achieved Level 2 Cybersecurity Maturity Model Certification (CMMC), confirming that its cybersecurity practices, processes, and governance meet the requirements for handling Federal Contract Information (FCI) and Controlled Unclassified Information (CUI) within Department of Defense (DoD) programs.
The CMMC program was established by the DoD to verify that contractors and suppliers adequately protect sensitive defense information. As CMMC requirements are phased into defense contracts and supply chains, Level 2 certification enables participation in programs requiring secure processing, storage, and transmission of CUI while supporting compliance with evolving Defense Federal Acquisition Regulation Supplement (DFARS) and DoD cybersecurity standards.
Vishay is a critical supplier of electronic components for defense, aerospace, and national security applications, making CMMC compliance increasingly essential to continued participation in U.S. defense programs and supply chains. The certification enables the company to support programs requiring CUI exchange, participate in solicitations and contracts with CMMC requirements, and maintain compliant information workflows.
CMMC Level 2 certification validates Vishay’s implementation of cybersecurity controls and documented processes for safeguarding sensitive information throughout the product lifecycle. These measures include controlled access environments, encrypted communications, secure file transfer processes, ongoing monitoring, employee training, and continuous improvement initiatives.
“Achieving CMMC Level 2 certification reflects Vishay’s long standing commitment to protecting sensitive customer and program information,” said Michael O’Sullivan, executive vice president, chief administrative and legal officer, legal services, at Vishay. “Having achieved CMMC Level 2 certification, well ahead of full enforcement requirements, we’re well positioned to support defense and aerospace customers, help ensure continuity of supply for critical applications, and reduce program risk.”
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech.® Vishay Intertechnology, Inc. is a Fortune 1000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.
The DNA of tech® is a registered trademark of Vishay Intertechnology, Inc.
Vishay on Facebook: http://www.facebook.com/VishayIntertechnology
Vishay Twitter feed: http://twitter.com/vishayindust
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For more information please contact:
Vishay Intertechnology
Peter Henrici, +1 408 567-8400 [email protected]
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Conagra Brands oznámila za 4. fiskální čtvrtletí tržby zhruba 2,7 mld. USD, které zůstaly beze změny, ale upravený zisk na akcii klesl na 0,47 USD z 0,56 USD. Firma zároveň snížila dividendu o 50 % na anualizovanou sazbu 0,70 USD na akcii a na fiskální rok 2027 čeká pokles organických tržeb o 1 % až 3 %.
Tomato Prices Are Spiking, and These 2 Food Stocks Could Feel the SqueezeConagra Brands NYSE: CAG reported fourth-quarter fiscal 2026 results that were within its original full-year guidance ranges, while newly appointed CEO John Brase outlined a plan to restore margins, increase investment and simplify the packaged foods company’s operations.
Brase, speaking on his first earnings call as CEO, said Conagra’s results came in a “dynamic environment” but also showed “the continued need to take bold action to unlock our full potential.” He said the company has strong brands, attractive categories, innovation capabilities and a foundation in technology and artificial intelligence, but acknowledged several areas needing improvement.
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Conagra Stock Yields Nearly 9% After a 60% Decline—Time to Buy?“Our focus on volume and margin has become imbalanced,” Brase said, adding that Conagra has reached an inflection point after investments helped improve volumes and strengthen its market position. “The next phase is to translate that momentum into stronger profitability with a focus on restoring margin.”
Fourth-Quarter Sales Flat, Margins Down CFO Dave Marberger said fourth-quarter organic net sales were approximately $2.7 billion, flat with the prior year. Volumes declined 1.6%, while price mix increased 1.6%. Adjusted gross margin was 24.5%, and adjusted operating margin was 11.7%, down from the prior year but improved sequentially from the third quarter. Adjusted earnings per share were $0.47, compared with $0.56 a year earlier.
5 Under-the-Radar Consumer Staples Stocks With Pricing PowerFor the full fiscal year, organic net sales declined 0.4%, adjusted operating margin was 11.3%, and adjusted EPS was $1.72. Marberger said all three metrics were within Conagra’s original fiscal 2026 guidance ranges.
Segment results were mixed. Grocery & Snacks posted about $1.2 billion in fourth-quarter net sales, with organic net sales up 0.5%, driven by growth in snacks and partially offset by weakness in grocery. Refrigerated & Frozen also generated about $1.2 billion in net sales, with organic net sales down 0.5%. Marberger said volumes in that segment grew modestly, helped by volume share gains in frozen meals and vegetables and the benefit of lapping prior-year supply constraints.
International organic net sales declined 2.4%, as growth in Mexico was more than offset by softer volumes in Canada and global markets. Foodservice organic net sales rose 1.8%, marking the fourth consecutive quarter of organic growth.
Inflation and Investment Pressured Profitability Marberger said fourth-quarter adjusted operating margin declined 215 basis points from the prior year to 11.7%. Price mix contributed 90 basis points to margin, as inflation-justified pricing actions more than offset incremental merchandising investments. However, total inflation, including core inflation and gross tariffs, remained elevated at approximately 6.5%.
He cited ongoing inflation in beef and edible oil, along with more recent increases tied to crude oil and logistics. Core productivity, including tariff mitigation, was more than 5% of cost of goods sold and included about $6 million of tariff refunds. Those benefits were partly offset by unfavorable operating leverage from lower internal production volumes, which Marberger attributed mainly to pricing elasticity and actions to reduce inventory levels.
Adjusted EPS declined in the quarter due to lower adjusted operating profit as inflation exceeded productivity, lower adjusted equity earnings from the Ardent Mills joint venture and reduced profit from divested businesses. Favorability in the tax rate and the benefit of a 53rd week partially offset those pressures.
CEO Sets Four Priorities Brase identified four priorities for Conagra: stabilizing and restoring margins, increasing investment in brands and supply chain, simplifying the portfolio and organization, and rebalancing capital allocation.
He said the company has “sacrificed a significant amount of margin” over the past several years because of inflation and a focus on driving volume, particularly in frozen foods. Conagra plans to target productivity of more than 4% and implement strategic, inflation-justified pricing actions where necessary, with special emphasis on frozen products.
Brase cautioned that these pricing actions may pressure volumes in the short term but said they are needed to restore margins and fund investments for long-term category and business health.
The company also plans to increase advertising spending to about 3% of net sales in fiscal 2027, a 14% year-over-year increase, with a focus on frozen meals and meat snacks. Brase said the company will also increase capital investment in its supply chain to improve service, resilience and productivity.
Brase repeatedly emphasized “radical simplicity,” saying Conagra has operated with a portfolio that is “too large and too complex for too long.” He said the company will review where it has the right to win, actively manage the portfolio for better growth and stronger margins, and evaluate strategic options for non-core businesses.
Dividend Cut Aimed at Financial Flexibility Conagra also announced that its board approved a quarterly dividend at an annualized rate of $0.70 per share, a 50% reduction from the prior rate. Marberger said the revised dividend is expected to provide about $335 million in additional discretionary cash on an annualized basis.
The company plans to use that cash for debt reduction, brand-building investments, and supply chain and modernization initiatives. Marberger said the action resets Conagra’s dividend payout ratio near its long-term target of 50% to 55% and supports the company’s investment-grade credit rating.
Conagra reduced net debt by nearly $1 billion in fiscal 2026, and its net leverage ratio ended the year at 3.83 times. The company continues to target long-term leverage of three times.
Fiscal 2027 Outlook Calls for Lower Sales and EPS For fiscal 2027, Conagra expects organic net sales to decline 1% to 3%, adjusted operating margin of 10% to 10.5%, and adjusted EPS of $1.40 to $1.50.
Marberger said the outlook includes planned inflation-justified pricing actions and associated volume impacts. The company expects volumes to decline in the mid-single digits, assuming larger-than-historical elasticities, especially in frozen.
Conagra expects inflation to remain elevated throughout fiscal 2027, driven largely by oil-related costs, logistics and animal protein such as beef. The company also expects about $40 million in expense from wrapping a portion of last year’s tariff mitigation, equal to roughly 0.5% of cost of goods sold. Productivity is expected to exceed 4% of cost of goods sold.
In the first quarter, Conagra expects organic net sales to decline in the low single digits and adjusted operating margin in the high single digits, reflecting category trends, the wrap from fiscal 2026 pricing actions, heightened inflation and increased advertising and promotion spending.
Brase said Conagra is developing a longer-term strategic roadmap and expects to share more at an Investor Day in early calendar 2027. “We’ll be honest about where we stand and what we need to do to deliver consistent and reliable results,” he said.
About Conagra Brands NYSE: CAGConagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra's product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.
Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender's and Banquet in the frozen foods category, as well as Hunt's sauces, Orville Redenbacher's popcorn, Slim Jim meat snacks and Reddi-wip toppings.
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Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Analytici čekají, že ServisFirst Bancshares vykáže zisk 1,57 USD na akcii a tržby 167,92 milionu USD, což je meziročně o 29,8 % a 19,4 % více. Odhad EPS za posledních 30 dní zůstal beze změny.
Wall Street analysts forecast that ServisFirst Bancshares (SFBS - Free Report) will report quarterly earnings of $1.57 per share in its upcoming release, pointing to a year-over-year increase of 29.8%. It is anticipated that revenues will amount to $167.92 million, exhibiting an increase of 19.4% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some ServisFirst metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Efficiency Ratio' to reach 29.5%. Compared to the present estimate, the company reported 33.5% in the same quarter last year.
It is projected by analysts that the 'Net Interest Margin' will reach 3.6%. Compared to the current estimate, the company reported 3.1% in the same quarter of the previous year.
Analysts' assessment points toward 'Average Balance - Interest-earning Assets' reaching $17.47 billion. The estimate is in contrast to the year-ago figure of $17.08 billion.
The average prediction of analysts places 'Net Interest Income' at $156.34 million. Compared to the present estimate, the company reported $131.69 million in the same quarter last year.
View all Key Company Metrics for ServisFirst here>>>
ServisFirst shares have witnessed a change of +4.7% in the past month, in contrast to the Zacks S&P 500 composite's +1.6% move. With a Zacks Rank #3 (Hold), SFBS is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
GoDaddy spustila Developer Platform, která propojuje vyhledávání, nákup a konfiguraci domény přímo do vývojářských nástrojů. Cílí na rychlejší AI řízené vytváření webů a aplikací bez přepínání do prohlížeče.
Developer Platform accelerates AI-powered building with new end-to-end domain lifecycle offering
, /PRNewswire/ -- GoDaddy (NYSE: GDDY), the world's largest domain registrar, announced the launch of the GoDaddy Developer Platform, a developer offering designed for a world where AI agents, coding assistants and automated workflows are increasingly doing the work of getting a business online.
AI coding tools already help developers build websites and applications, but finding, registering and configuring a domain still requires users to leave their development environment, visit a registrar website and complete several steps manually.
The GoDaddy Developer Platform brings these steps together into a single workflow leveraging the tools developers already use including terminals, coding assistants and AI chat experiences. This means developers can complete key domain tasks without switching to a browser.
"AI is fundamentally changing how software is created and the infrastructure behind the internet has to evolve with it," said Travis Muhlestein, chief technology officer of product AI at GoDaddy. "Our Developer Platform now connects GoDaddy domain services directly into developer tools, giving our customers, whether they have one domain or thousands, the ability to complete the entire domain lifecycle. The result is faster domain search, purchase and configuration – going from idea to a live online presence in minutes."
A Platform Designed for Developers and AI Agents
The GoDaddy Developer Platform includes:
New domain APIs – Programmatic access to domain search and name suggestions, availability and account-specific pricing, purchase, DNS configuration and domain management through a single platform Modern authentication – Scoped open authorization (OAuth) tokens that let developers grant AI agents precisely the access they need and nothing more Agent-safe execution – Built-in scoped permissions, explicit price confirmation before any purchase, and confirmation flows for irreversible actions so that buying authority is designed to remain with the developer or account owner New command-line interface (CLI) – Brings the full platform to the command line, built for developers in a terminal and the AI coding agents that increasingly work alongside them Rebuilt developer portal – Open access to LLM-optimized documentation, CLI downloads and guided onboarding designed to get developers from sign-up to a successful API call in minutes Today's launch of GoDaddy's Developer Platform is focused on the end-to-end domain lifecycle but marks a new chapter for anyone managing domains at scale. The reimagined platform is designed for individual developers, web designers, agencies, domain investors and resellers that build on behalf of clients or automate repetitive work.
"GoDaddy's Developer Platform is built for the next generation of builders," said Muhlestein.
Future platform phases may expand into investor workflows, aftermarket APIs, automated domain repair, bulk operations, reseller tooling and additional GoDaddy product APIs.
The free GoDaddy Developer Platform is available now to users across the globe. Existing customers using legacy APIs can continue to use those without disruption but also have the ability to switch to the new beta at any time.
To experience the GoDaddy Developer Platform and to learn more, visit us.godaddy/developer-platform.
About GoDaddy
GoDaddy, the world's largest domain name registrar, helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a website and logo, sell their products and services and accept payments. GoDaddy Airo®, the company's AI-powered experience, makes growing a small business faster and easier by helping them to get their idea online in minutes, drive traffic and boost sales. GoDaddy's expert guides are available 24/7 to provide assistance. To learn more about the company, visit www.GoDaddy.com.
KULR dodá bateriové systémy KULR ONE Space pro autonomní platformu JOY od Icarus Robotics, která má zamířit k ISS. Mise je cílená na začátek roku 2027.
KULR ONE Space to power Icarus Robotics’ JOY autonomous free-flying robotic platform for an upcoming mission aboard the International Space Station
HOUSTON, July 15, 2026 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a developer of safe, high-power energy systems that enable physical AI across space, defense, drones, data centers, robotics, and other mission-critical applications, today announced that Icarus Robotics (“Icarus”), an autonomous space robotics company, has selected KULR as the battery provider for JOY, its free-flying robotic platform, which is bound for the International Space Station.
Under the agreement, KULR will supply its KULR ONE Space (K1S) battery systems -- engineered to NASA safety standards and proven on the Artemis II crewed lunar mission -- to power JOY’s onboard systems as it performs autonomous navigation, maneuvering, and operations aboard the orbiting station.
“Icarus Robotics represents exactly the type of next-generation space company KULR ONE Space was built to support,” said Michael Mo, Chief Executive Officer of KULR Technology Group. “Autonomous robotics in orbit demand safe, reliable, flight-ready energy systems that perform in mission-critical environments where there is no margin for error. We are proud to power Icarus as it advances a new category of robotic capability for the ISS and future commercial space stations.”
Based in New York City, Icarus Robotics builds general-purpose robotic systems for space operations powered by embodied AI. Its robot, JOY, is built to perform autonomous, free-flying operations that assist with routine tasks, infrastructure maintenance, and future commercial space station activities, freeing astronauts to focus on higher-value research and mission objectives.
JOY is targeted to fly in early 2027, making it the most advanced free-flying robotic platform ever sent to the ISS as part of JOYRIDE-1. By integrating KULR ONE Space battery systems, Icarus draws on KULR’s space-qualified battery architecture, thermal management expertise, and NASA heritage to meet the demanding safety and reliability requirements of human-rated space environments.
“Our goal is to make autonomous robots a standard part of how space stations operate, handling the routine work so crews can focus on the science,” said Ethan Barajas, CEO of Icarus Robotics. “JOY is the first step, and it only works if every system underneath it is dependable enough to run unattended in orbit. That's why we turned to KULR for the energy that keeps it flying.”
The KULR ONE Space battery system is built on KULR’s lightweight REACH battery architecture, delivering high energy density at low mass. K1S systems incorporate strategically selected cells qualified through Initial Lot Assessment (ILA), Lot Acceptance Testing (LAT), and NASA WI-37A cell screening protocols.
KULR CEO Michael Mo added a broader view of the Company’s strategy:
“The next phase of space infrastructure won’t be defined by compute alone. Orbital systems can’t be serviced by technicians, so the robots that inspect, repair, and assemble them — and the batteries that power them — are essential to keeping that infrastructure running safely. This agreement reflects where KULR ONE is headed: the energy and power platform for physical AI, where autonomous systems in orbit must carry both their own intelligence and their own energy.”
This agreement expands KULR’s role as a battery systems provider for the commercial space industry. It builds on KULR’s space heritage, including battery systems designed to meet NASA safety requirements for Artemis crewed spaceflight, an active rideshare mission with Exolaunch aboard a SpaceX launch vehicle, and supply relationships with multiple commercial space operators. KULR’s Webster, Texas manufacturing and R&D facility will support production and qualification testing for the Icarus battery systems.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company that designs and manufactures safe, high-power battery solutions for physical AI and other mission-critical applications. Its KULR ONE® platform integrates advanced battery architecture, thermal management, safety engineering, battery management systems, and power electronics to serve space and defense, drones and electric aviation, AI data-center backup, robotics, and Energy-as-a-Service markets. Based in Webster, Texas, KULR is scaling domestic production to support the growing energy demands of physical AI and autonomous systems. Learn more at KULR.ai.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]
Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, intentions and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All such forward-looking statements that are provided by management in this release are based on information available at this time, and management expects that internal expectations may change over time. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
About Icarus Robotics
Icarus Robotics is building the robotic labor force for space through general-purpose robotic systems powered by embodied AI. Founded in 2024 and headquartered in New York, the company is one of the first working to bring embodied AI to space operations, creating human-controlled robots that learn from demonstrations and scale across space labor tasks. Starting with commercial space stations and expanding to orbital construction and infrastructure maintenance, Icarus enables astronauts to focus on high-value research instead of routine work.
Find Icarus Robotics: Website | X | LinkedIn
Icarus Robotics Media Contact:
150Bond
Phone: 646-749-4414
Email: [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/72fefd5d-3c66-4cb9-af4d-2cc688e8a827
Summit prodává práva k antibiotiku ridinilazole společnosti Biossil za 500 tisíc USD předem, až 104,5 milionu USD v milnících a podíl na tržbách z prodeje. Firma tím posiluje fokus na onkologii.
Key Takeaways Summit sold ridinilazole rights to Biossil for upfront cash, milestones and royalties.SMMT's phase III ridinilazole program missed its primary endpoint despite encouraging exploratory benefits.Summit said the divestiture supports its strategic focus on developing ivonescimab in oncology. Summit Therapeutics (SMMT - Free Report) has entered into an agreement with Toronto-based Biossil Inc. to divest its investigational antibiotic candidate, ridinilazole. The late-stage asset was being developed for the treatment of patients with clostridioides difficile infection (CDI), a serious bacterial infection of the colon.
Financial Terms of Summit’s Deal With BiossilPer the agreement, Biossil will assume responsibility for the further development and commercialization of ridinilazole.
In return, Summit will receive an upfront payment of $500,000 and will be eligible for up to $104.5 million in regulatory and commercial milestone payments. The company is eligible to receive tiered royalties on future net sales of the product.
Year to date, Summit's shares have lost 11.6% compared with the industry’s 2.8% decline.
Image Source: Zacks Investment Research
Ridinilazole's Clinical ProfileSummit evaluated ridinilazole in the phase III Ri-CoDIFy program, combining the Ri-CoDIFy 1 and Ri-CoDIFy 2 studies for patients with CDI, versus vancomycin, the standard of care in 2021, with a twice-daily dosing regimen.
Although the primary endpoint of these studies was not met, the antibiotic showed several clinically encouraging exploratory benefits. These include better preservation of the gut microbiome, lower recurrence rates, reduced toxin production, favorable tolerability and a convenient dosing regimen compared with the current standard of care.
Summit held a Type C meeting with the FDA in 2022 to discuss a possible pathway to advance ridinilazole with the goal of achieving marketing authorization. Following the meeting, the company determined that ridinilazole would likely require at least one additional phase III study to support regulatory approval. Conducting another large-scale CDI study would have required significant time and financial resources, with an uncertain likelihood of success. As a result, the company decided to seek a development partner or divest the asset rather than continue its development independently.
Clostridioides difficile infection is a contagious bacterial infection of the colon that causes severe diarrhea and inflammation and can lead to serious complications such as sepsis, bowel perforation and death. It is a major healthcare-associated infection, causing nearly 500,000 cases and contributing to more than 29,000 deaths annually in the United States.
Summit Shifts Strategic Focus to OncologySummit believes Biossil's AI-driven drug development platform is well-positioned to further advance the ridinilazole program. The divestiture also enables Summit to sharpen its strategic focus on oncology, particularly the development of its lead investigational oncology drug, ivonescimab.
Ivonescimab is currently being evaluated in multiple late-stage clinical studies across several treatment settings in non-small cell lung cancer (NSCLC) and colorectal cancer. Summit is developing the therapy in partnership with China-based Akeso. In January, the FDA accepted Summit’s biologics license application (BLA), seeking approval of ivonescimab plus chemotherapy for patients with EGFR-mutated, locally advanced or metastatic non-squamous NSCLC who have progressed after treatment with third-generation EGFR-TKIs. The BLA filing was based on encouraging results from the phase III HARMONi study. The FDA decision is expected by Nov. 14, 2026.
SMMT’s Zacks Rank & Stocks to ConsiderSummit currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the biotech sector are Neurocrine Biosciences (NBIX - Free Report) , Amarin Corporation (AMRN - Free Report) and Liquidia Corporation (LQDA - Free Report) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Over the past 60 days, estimates for Neurocrine Biosciences’ 2026 earnings per share have risen from $9.15 to $9.48. Over the same period, EPS estimates for 2027 have increased from $10.23 to $10.79. NBIX shares have gained 21.3% year to date.
Neurocrine Biosciences’ earnings beat estimates in three of the trailing four quarters and missed in the remaining one, the average surprise being 9.08%.
Over the past 60 days, loss-per-share estimates for Amarin Corporation have narrowed from $15.20 to 65 cents for 2026. Over the same period, estimates for loss per share have also narrowed from $13.00 to 51 cents for 2027. AMRN shares have risen 3% year to date.
Amarin Corporation’s earnings beat estimates in three of the trailing four quarters and missed in the remaining one, the average surprise being 50.02%.
Over the past 60 days, estimates for Liquidia’s 2026 earnings per share have increased to $3.02 from $2.97. Over the same period, EPS estimates for 2027 have risen to $4.92 from $4.81. LQDA shares have gained 121.8% year to date.
Liquidia’s earnings beat estimates in three of the trailing four quarters and missed in the remaining one, with the average surprise being 54.40%.
UroGen získal od USPTO oznámení o udělení patentu pro léčbu recidivujícího LG-IR-NMIBC bez TURBT. Po udělení má patent vypršet v červenci 2044 a posiluje ochranu ZUSDURI a UGN-103, přičemž ochrana UGN-103 má podle původní zprávy trvat do prosince 2044.
July 15, 2026 08:00 ET | Source: UroGen Pharma Ltd.
PRINCETON, N.J., July 15, 2026 (GLOBE NEWSWIRE) -- UroGen Pharma Ltd. (Nasdaq: URGN), a biotech company dedicated to developing and commercializing innovative solutions that treat urothelial and specialty cancers, today announced that it has received a Notice of Allowance from the U.S. Patent and Trademark Office (USPTO) for patent application no. 18/784,354 entitled “Treatment of Low-Grade Intermediate-Risk Non-Muscle-Invasive Bladder Cancer With a Thermally Gelling Pharmaceutical Composition Containing Mitomycin.” The allowed claims cover methods of treating patients with recurrent, low-grade intermediate-risk non-muscle invasive bladder cancer (LG-IR-NMIBC) without a transurethral resection of a bladder tumor (TURBT), supported by data from the ENVISION and ATLAS clinical trials. The U.S. patent, once issued, will have an expiration date in July 2044.
“This patent allowance further strengthens the intellectual property foundation supporting ZUSDURI and our UGN-103 investigational medicine, if approved, and underscores the innovation behind our proprietary RTGel® technology,” said Liz Barrett, President and Chief Executive Officer of UroGen. “Supported by data from the ENVISION and ATLAS trials of ZUSDURI, these patent claims reflect the ability of our RTGel-based technology to deliver mitomycin as a primary, non-surgical treatment option for adults with recurrent LG-IR-NMIBC without a TURBT. We believe this approach helps patients achieve highly durable recurrence-free intervals while reducing the burden of repeat surgical interventions.”
Building on the growing body of clinical evidence supporting ZUSDURI and UGN-103, UroGen remains focused on advancing its proprietary RTGel technology and developing innovative therapies that have the potential to expand non-surgical treatment options for patients with urothelial cancers and strengthen the company’s long-term growth opportunities.
About ZUSDURI
ZUSDURI (mitomycin) for intravesical solution is an innovative drug formulation of mitomycin, approved for the treatment of adults with recurrent LG-IR-NMIBC. Utilizing UroGen’s proprietary RTGel technology (a sustained release, hydrogel-based formulation), ZUSDURI is delivered directly into the bladder by a trained healthcare professional using a urinary catheter in an outpatient setting, thereby enabling the treatment of tumors by non-surgical means.
About UGN-103
In January 2024, UroGen entered into a licensing and supply agreement with medac to develop UGN-103 for recurrent LG-IR-NMIBC. UGN-103 is designed to reinforce and extend the clinical and commercial profile of ZUSDURI, the first and only FDA-approved treatment for adults with recurrent LG-IR-NMIBC. The program maintains UroGen’s innovative and proven RTGel technology, enabling sustained mitomycin exposure in the bladder, while incorporating next-generation enhancements, including a more streamlined manufacturing process and simplified reconstitution to support improved ease of use in clinical practice. UroGen holds U.S. patents covering the combination of its proprietary RTGel technology with medac’s licensed lyophilized mitomycin formulation, as well as the use of UGN-103 in LG-IR-NMIBC, with intellectual property protection expected to extend into December 2041.
About UroGen Pharma Ltd.
UroGen is a biotech company dedicated to developing and commercializing innovative solutions that treat urothelial and specialty cancers because patients deserve better options. UroGen has developed RTGel reverse-thermal hydrogel, a proprietary sustained-release, hydrogel-based platform technology that has the potential to improve the therapeutic profiles of existing drugs. UroGen’s sustained release technology is designed to enable longer exposure of the urinary tract tissue to medications, making local therapy a potentially more effective treatment option. Our first product to treat low-grade upper tract urothelial cancer and our second product, ZUSDURI (mitomycin) for intravesical solution for adult patients with recurrent LG-IR-NMIBC, are designed to ablate tumors by non-surgical means. UroGen is headquartered in Princeton, NJ with operations in Israel.
Visit www.UroGen.com to learn more or follow us on X (formerly Twitter), @UroGenPharma.
About medac
At medac group, we believe that health is humanity’s most valuable resource. Since 1970, our mission has been to improve patients’ quality of life worldwide by making the best medical treatments available. As a globally operating pharmaceutical company headquartered in Germany, we provide high-quality medical treatments for patients worldwide in over 90 countries. With more than 2,000 employees, we are committed to improving human health.
Our products are manufactured in Germany and other European countries to the highest standards, utilizing our own logistics center and production sites, and subsequently distributed worldwide.
We are constantly working to improve authorized medicines and to develop innovative therapies in the fields of rheumatology, urology, hematology, and oncology. Part of our mission is to provide safe, high-quality and innovative original products, as well as generics and biosimilars. In this way, we make vital treatments accessible to those affected.
For more information, please visit www.medac-group.com.
APPROVED USE FOR ZUSDURI
ZUSDURI (mitomycin) for intravesical solution is a prescription medicine used to treat adults with a type of cancer of the lining of the bladder called low-grade intermediate risk non-muscle invasive bladder cancer (LG-IR-NMIBC) after previously receiving bladder surgery to remove tumor that did not work or is no longer working.
IMPORTANT SAFETY INFORMATION
You should not receive ZUSDURI if you have a hole or tear (perforation) of your bladder or if you have had an allergic reaction to mitomycin or to any of the ingredients in ZUSDURI.
Before receiving ZUSDURI, tell your healthcare provider about all of your medical conditions, including if you:
have kidney problemsare pregnant or plan to become pregnant. ZUSDURI can harm your unborn baby. You should not become pregnant during treatment with ZUSDURI. Tell your healthcare provider right away if you become pregnant or think you may be pregnant during treatment with ZUSDURI. Females who are able to become pregnant: You should use effective birth control (contraception) during treatment with ZUSDURI and for 6 months after the last dose.
Males being treated with ZUSDURI: You should use effective birth control (contraception) during treatment with ZUSDURI and for 3 months after the last dose.
are breastfeeding or plan to breastfeed. It is not known if ZUSDURI passes into your breast milk. Do not breastfeed during treatment with ZUSDURI and for 1 week after the last dose.
How will I receive ZUSDURI?
You will receive your ZUSDURI dose from your healthcare provider 1 time a week for 6 weeks into your bladder through a tube called a urinary catheter. It is important that you receive all 6 doses of ZUSDURI according to your healthcare provider’s instructions.If you miss any appointments, call your healthcare provider as soon as possible to reschedule your appointment.During treatment with ZUSDURI, your healthcare provider may tell you to take additional medicines or change how you take your current medicines.
After receiving ZUSDURI:
ZUSDURI may cause your urine color to change to a violet to blue color. Avoid contact between your skin and urine for at least 24 hours.To urinate, males and females should sit on a toilet and flush the toilet several times after you use it. After going to the bathroom, wash your hands, your inner thighs, and genital area well with soap and water.Clothing that comes in contact with urine should be washed right away and washed separately from other clothing.
The most common side effects of ZUSDURI include: increased blood creatinine levels, increased blood potassium levels, trouble with urination, decreased red blood cell counts, increase in certain blood liver tests, increased or decreased white blood cell counts, urinary tract infection, and blood in your urine.
You are encouraged to report negative side effects of prescription drugs to the FDA.
Visit www.fda.gov/medwatch or call 1-800-FDA-1088. You may also report side effects to UroGen Pharma at 1-855-987-6436.
Please see ZUSDURI Full Prescribing Information, including the Patient Information, for additional information.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding: the potential approval of UroGen’s U.S. patent application covering methods of treating patients with recurrent LG-IR-NMIBC without a TURBT, and the expected expiration date of such patent in July 2044; the expected benefits of the new U.S. patent allowance, including strengthening UroGen’s intellectual property foundation and demonstrating the innovation behind UroGen’s proprietary RTGel technology; the potential of UGN-103, if approved, to advance care for adult patients with recurrent LG-IR-NMIBC, build on UroGen’s leadership in uro-oncology, expand its commercial portfolio, drive long-term growth supported by streamlined manufacturing and reconstitution processes and extend intellectual property protection into December 2044; the potential benefits of ZUSDURI and UGN-103, if approved, including its potential to achieve highly durable recurrence-free intervals while reducing the burden of repeat surgical interventions; the potential of UroGen’s proprietary RTGel technology to improve therapeutic profiles of existing drugs other than mitomycin and expand non-surgical treatment options for patients with urothelial cancers; and UroGen’s sustained release technology making local delivery a potentially more effective treatment option. Words such as “believe,” “can,” “estimated,” “expect,” “may,” “plan,” “potential,” or other words that convey uncertainty of future events or outcomes are used to identify these forward-looking statements. These statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to: preliminary clinical results may not be indicative of results that may be observed in the future; potential safety and other complications related to UroGen’s products and product candidates; risks related to our and our licensors’ ability to protect our respective patents and other intellectual property, including the fact that UroGen’s or our licensors’ pending patent applications may not be successful, and in such event, the duration of intellectual property protection would be more limited; the ability to maintain regulatory approval; complications associated with commercialization activities; labeling limitations; competition in UroGen’s industry; the scope, progress and expansion of developing and commercializing UroGen’s products and product candidates; the size and growth of the market(s) therefor and the rate and degree of market acceptance thereof vis-à-vis alternative therapies or procedures, such as surgery; UroGen’s ability to attract or retain key management, members of the board of directors and other personnel; UroGen’s RTGel technology and UroGen’s products and product candidates may not perform as expected; the data from the UTOPIA trial may not be sufficient to support approval of UGN-103; UroGen may not successfully develop and receive regulatory approval of any other product that incorporates RTGel technology; and the impacts of general macroeconomic and geopolitical conditions on UroGen’s business and financial position. In light of these risks and uncertainties, and other risks and uncertainties that are described in the Risk Factors section of UroGen’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 6, 2026, the events and circumstances discussed in such forward-looking statements may not occur, and UroGen’s actual results could differ materially and adversely from those anticipated or implied thereby. Any forward-looking statements speak only as of the date of this press release and are based on information available to UroGen as of the date of this release.
SummaryTesla, Inc. delivered record Q2 2026 volumes, but quality of demand is deteriorating amid heavy incentives and falling average selling prices.Despite strong top-line growth, TSLA faces negative free cash flow projections for 2026–2027 as capital expenditures outpace operating cash generation.My sum-of-the-parts analysis yields a fair value of $127/share, implying 68% downside versus the current ~$400 price—justifying a continued Strong Sell rating.At TSLA stock's current valuation, the market is pricing in unproven future success for Robotaxi, Optimus, and FSD, while core automotive profitability and cash flow weaken. Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images
Executive Summary Did you know that a restaurant can fill all its tables Monday through Sunday and still lose money? It seems absurd, but all it takes is offering overly generous discounts, or financing
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3M a Microsoft oznámily strategické partnerství pro datová centra pro AI a firemní transformaci. Azure bude prvním oznámeným hyperscale cloudovým poskytovatelem, který nasadí technologii 3M EBO.
Microsoft becomes first announced hyperscale cloud provider to deploy 3M Expanded Beam Optical (EBO) technology
3M to use Microsoft AI and digital capabilities to advance enterprise transformation across key functions
, /PRNewswire/ -- 3M (NYSE: MMM) and Microsoft (NASDAQ: MSFT) today announced a strategic partnership focused on AI data center infrastructure and enterprise transformation. Microsoft's Azure Cloud and AI Infrastructure will become the first announced hyperscale cloud provider to deploy 3M's Expanded Beam Optical (EBO) technology. 3M will also use Microsoft's AI and digital platforms as part of its enterprise transformation across key business functions.
3M and Microsoft announce a strategic partnership to advance AI data center infrastructure and enterprise transformation. Together, the companies will combine Microsoft's digital and hyperscale infrastructure with 3M's materials science and precision manufacturing to accelerate AI adoption and strengthen the physical networks required for the growth of cloud and AI workloads.
Innovating datacenter infrastructure for the AI era
As Microsoft continues to advance high-performance, efficient and sustainable infrastructure for enterprise and generative AI workloads, it will deploy 3M's proprietary EBO technology in Azure data centers.
By using an expanded beam optical interface instead of the direct contact required in traditional connectors, EBO technology is designed to make fiber connections faster to install, more tolerant of contamination and easier to maintain. The technology will help Microsoft reduce the need for frequent cleaning and inspection while supporting reliable optical performance in dense, high-volume deployment environments.
Microsoft's early use of EBO technology has shown the potential to reduce network deployment timelines in certain environments. The technology has also demonstrated strong signal performance in live data center conditions, where dust exposure and routine handling are inherent to installation and maintenance.
3M is scaling production of its EBO technology to meet accelerating demand from hyperscalers and data center operators building the infrastructure required for AI. Building on decades of materials science and precision-manufacturing expertise, 3M has advanced single-mode expanded beam optical technology for high-volume data center applications, supporting disciplined commercialization and broader adoption across the data center ecosystem. 3M helped establish the EBO Multi-Source Agreement (MSA) to support standardization and broader industry adoption of EBO technology.
"At Microsoft, we're redefining the foundation of cloud and AI infrastructure — combining our own innovations with advances from partners like 3M to build datacenters that are faster to deploy, more resilient and ready for the scale of AI," said Cliff Henson, corporate vice president, Cloud Supply Chain, Microsoft. "3M's EBO solution will help unlock new levels of performance, reliability and efficiency to ensure customers can run their cloud and AI workloads on a trusted, sustainable and advanced environment."
Enterprise AI transformation
3M will deploy Microsoft's AI and digital capabilities in key areas of its enterprise transformation roadmap, including customer service, finance, sales and marketing. These efforts will help simplify processes, improve decision-making, strengthen customer experiences and enable greater employee productivity.
A specific example involves the newly launched Microsoft Frontier Company deploying engineers to help 3M's Global Business Services team automate the way it manages customer orders. Both companies are collaborating on an AI agent-driven workflow to assist with credit checks, delinquency assessments and system updates, with human-in-the-loop controls and a custom monitoring dashboard for real-time visibility and approvals. This solution is expected to significantly reduce manual effort, improve process speed and consistency, and accelerate cash flow, freeing 3M staff for higher-value work and enabling scalable, auditable operation.
"At 3M, we view AI as a powerful tool that can accelerate growth, improve customer experiences and help our teams work more effectively," said Jon Van Wyck, executive vice president and chief strategy officer, 3M. "Our collaboration with Microsoft supports that vision through targeted optimization opportunities for our enterprise while advancing the infrastructure needed to power the future of AI. We are excited to deepen our partnership and develop practical solutions that can create mutual value."
Building the future through science and technology
Microsoft and 3M intend to build on this partnership through continued technical collaboration, bench-to-bench engagement between engineering and commercial teams, and joint innovation opportunities across Microsoft's data center and device ecosystem, with a focus on areas where 3M's materials science, optical connectivity and manufacturing capabilities can help address evolving requirements for reliability, deployment speed, density and long-term scalability.
About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.
About Microsoft
Microsoft (Nasdaq "MSFT" @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.
Nvidia i přes nedostatek AI čipů uvnitř firmy rozděluje GPU mezi týmy na týdenní bázi a někdy musí zasáhnout i Jensen Huang. Prioritu má také autonomní řízení.
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Nvidia CEO Jensen Huang. Chung Sung-Jun/Getty Images Even Nvidia isn't immune to the AI chip shortage.
The company's automotive division still has to compete internally for access to the GPUs that have made Nvidia the world's most valuable company, according to Xinzhou Wu, Nvidia's head of automotive.
"Even at Nvidia, basically we do have a limited supply of GPU for compute," Wu said in an episode of The Verge's "Decoder" podcast that aired on Monday.
As demand for Nvidia's chips continues to surge from AI companies building massive data centers, Wu said different teams across the company regularly compete for computing resources needed to train and test their own AI models.
"We have an internal priority, and I'm working with my colleagues basically almost on a weekly basis to decide how to set aside this different compute, sometimes for training, sometimes for test resources for different threads of work in the company," Wu said.
"And sometimes we need Jensen to help," Wu said of the company's CEO, Jensen Huang.
The comments offer a rare glimpse into how Nvidia allocates resources inside a company whose GPUs have become the backbone of the generative AI boom. Demand for its chips has consistently outpaced supply as companies, including OpenAI, Microsoft, Meta, xAI, and Amazon, race to build ever-larger AI models.
Wu said decisions aren't driven solely by near-term revenue.
"It's all of the above," he said when asked how those trade-offs are made. Nvidia balances current business needs with long-term strategic opportunities, including what Huang calls "the zero trillion dollar business" — entirely new markets that could eventually be worth trillions of dollars, Wu said.
One of those bets is autonomous driving.
Wu said Nvidia believes "everything that moves will be autonomous" and is investing heavily in supplying chips, software, AI models, simulation tools, and safety systems for self-driving vehicles. While the automotive business remains much smaller than Nvidia's booming data-center division, Huang continues to prioritize it.
"We are strong believers — Jensen himself as well — of the AV [autonomous vehicle] future," Wu said. "We are keeping investing basically in this technology and in this future, not only from allocating external compute but from fab capacity as well."
Wu also said that even semiconductor manufacturing capacity has become another internal battleground as demand for Nvidia's chips continues to soar.
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Thibault Spirlet You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Thibault is a business reporter at Business Insider's London office.He covers the intersection of wealth, work, and technology — focusing on the global economy, AI’s impact on the workplace, job and cognitive skills, and how economic changes are affecting careers. Before moving to the trending team, Thibault covered international affairs, including the Russia-Ukraine war, tensions in the South China Sea, and Russia’s economy on the news desk.He has previously worked at the Daily Express and held internships at Agence France-Presse, Politico Europe, and Factal.Il parle français. Se habla español.Email Thibault at [email protected], connect with him on LinkedIn @ThibaultSpirlet, or follow him on X @ThibaultSpirlet and BlueSky @thibaultspirlet.bsky.social.Expertise
AI and the future of work Job and cognitive skills in the AI economyWorkforce trendsFirst-person, "as-told-to" business storiesPopular articles
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JPMorgan je po silných výsledcích na dosah tržní hodnoty 1 bilion USD a může se stát první bankou v historii, která tuto hranici překročí. Tržní kapitalizace byla naposledy kolem 919 miliard USD.
Item 1 of 2 Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., attends the ribbon-cutting ceremony opening the firm’s new headquarters at 270 Park Avenue, in New York City, U.S., October 21, 2025. REUTERS/Eduardo Munoz
[1/2]Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., attends the ribbon-cutting ceremony opening the firm’s new headquarters at 270 Park Avenue, in New York City, U.S.,... Purchase Licensing Rights, opens new tab Read more
CompaniesJuly 15 (Reuters) - Jamie Dimon's two decades at the helm of JPMorgan Chase (JPM.N), opens new tab have rewritten industry record books and the Wall Street giant is now within striking distance of another landmark - becoming the first bank ever to be valued at $1 trillion.
Crossing the milestone will put the bank in a club stacked with tech heavyweights such as Tesla (TSLA.O), opens new tab, Meta (META.O), opens new tab and Broadcom (AVGO.O), opens new tab, while also raising investor expectations and leaving little room for missteps.
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Here are a few charts that explain the bank's rise:
THE FINAL STRETCHA stellar earnings report on Tuesday propelled JPMorgan shares to a record high. The lender, which reported the highest profit in history by a U.S. bank, was last valued at around $919 billion, dwarfing rivals.
With dealmaking volumes set to end the year near the record haul of 2021, JPMorgan could see elevated investment banking activity for the rest of 2026, which may nudge it closer to the $1 trillion mark.
CFO Jeremy Barnum said investment banking pipeline was robust, as "the current activity levels seem to be encouraging more activity".
NO EQUALWith a balance sheet bigger than its peers, the bank has leveraged its dominance in Wall Street dealmaking and Main Street lending to capture gains from both economic engines.
"The company benefits from a portfolio of leading financial services businesses, providing both diversification and durable competitive advantages," said Macrae Sykes, portfolio manager of Gabelli Financial Services Opportunities ETF .
THE JAMIE PREMIUMJPMorgan shares have long been viewed as carrying a "Jamie premium", which refers to the extra value investors attach to the bank because of its powerful CEO.
While its board has ramped up succession planning in recent years, the stock continues to benefit from Dimon's influence.
Despite having underperformed the S&P 500 (.SPX), opens new tab and the S&P 500 banks (.SPXBK), opens new tab indexes this year, JPMorgan trades at 14.63 times expected earnings over the next 12 months, according to data compiled by LSEG. That compares with 13.58 for the S&P 500 banks gauge.
"There is no doubt that he has been instrumental in delivering strong shareholder returns. While the backdrop from the U.S. economy has been helpful, the bank operates in very competitive markets so execution has been key," Sykes said.
JPMorgan did not immediately respond to a request for comment.
ELEVATED EXPECTATIONSA milestone such as $1 trillion in market capitalization is mostly a symbolic victory, but its raises expectations for future execution.
"If history is any guide, the trillion-dollar milestone does not guarantee a smooth path forward," said Fabien Yip, market analyst at IG, referring to Walmart's (WMT.O), opens new tab slip below $1 trillion after it hit that milestone in February.
The bank may also face skepticism about the durability of its trading strength, which benefited in the latest quarter from market volatility sparked by the Middle East war.
While both investment banking and trading had been stronger than initially estimated, expecting the current levels of activity to last far into the future could be premature, he said.
Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Arun Koyyur
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Niket Nishant reports on breaking news and the quarterly earnings of Wall Street's largest banks, card companies, financial technology upstarts and asset managers. He also covers the biggest IPOs on U.S. exchanges, and late-stage venture capital funding alongside news and regulatory developments in the cryptocurrency industry. His writing appears on the finance, business, markets and future of money sections of the website. He did his post-graduation from the Indian Institute of Journalism and New Media (IIJNM) in Bengaluru.
Manya covers the most influential U.S. financial institutions, from Wall Street’s largest banks and card networks to leading asset managers and fintech companies. She also reports on late-stage venture capital fundraises, initial public offerings on U.S. exchanges and regulatory developments shaping the cryptocurrency industry. Her work appears across the finance, markets, business and future of money sections of the Reuters website. She holds a bachelor’s degree in political science from the University of Delhi and a master’s in journalism from the Symbiosis Institute of Media and Communication.
Johnson & Johnson (JNJ - Free Report) came out with quarterly earnings of $2.9 per share, beating the Zacks Consensus Estimate of $2.84 per share. This compares to earnings of $2.77 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.11%. A quarter ago, it was expected that this world's biggest maker of health care products would post earnings of $2.67 per share when it actually produced earnings of $2.7, delivering a surprise of +1.12%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Johnson & Johnson, which belongs to the Zacks Large Cap Pharmaceuticals industry, posted revenues of $25.31 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.53%. This compares to year-ago revenues of $23.74 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Johnson & Johnson shares have added about 22.7% since the beginning of the year versus the S&P 500's gain of 10.2%.
What's Next for Johnson & Johnson?While Johnson & Johnson has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Johnson & Johnson was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.02 on $25.34 billion in revenues for the coming quarter and $11.59 on $100.88 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Large Cap Pharmaceuticals is currently in the bottom 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, AbbVie (ABBV - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 31.
This drugmaker is expected to post quarterly earnings of $3.68 per share in its upcoming report, which represents a year-over-year change of +23.9%. The consensus EPS estimate for the quarter has been revised 0% lower over the last 30 days to the current level.
AbbVie's revenues are expected to be $16.81 billion, up 9% from the year-ago quarter.
American Express zvýšil roční poplatek za kartu Platinum z 695 USD na 895 USD. V 1. čtvrtletí poplatky z karet vzrostly o 18 % a tvořily přes 14 % tržeb.
American Express (AXP +0.90%) recently raised the price of its exclusive Platinum card from $695 to $895. It's the first increase since 2021, when it was raised from $550 to $695.
The company offers a long list of perks with the "refresh," worth $3,500 if used in full, plus the prestige of owning a Platinum card and miles for every dollar spent. But the major perk is for Amex, since card fees account for a major portion of total revenue and provide a recurring source of income. American Express will report second-quarter earnings on July 24. Here's why card fees matter.
The most prestigious card American Express pioneered the credit card fee model, which has evolved into a subscription model of sorts, with members paying an annual fee for the privilege of using an Amex card. Not all cards come with fees, but the company targets affluent spenders who crave prestige and perks. Seventy-three percent of the 3.1 million new cards in the 2026 first quarter were fee-based.
The highest-income earners account for the most spending, and American Express aims to capture this cadre of members by offering ever-expanding rewards and exclusivity that can't be matched. According to data from Moody's, the top 10% of earners accounted for 49.2% of spending in the 2025 second quarter, the highest percentage since it started compiling the data in 1989. This is who Amex is after.
Image source: Getty Images.
However, it's not just for the spending. The fees themselves are a major part of the model, since they provide a stable source of revenue independent of spending. As inflation stays strong and interest rates stay steady, fee income matters even more.
Since there aren't many costs associated with the fee, it goes straight to the bottom line, expanding net income. That's also important if the company needs to increase its loss provisions in a challenging economy.
What it's going to look like on the income statement In the 2026 first quarter -- the first quarter to include the higher annual fee -- revenue increased 11% year over year, and earnings per share (EPS) rose 18%. Card fees increased 18% and accounted for more than 14% of revenue. U.S. consumer Platinum spending accelerated by six percentage points, and retention rates remained stable near 100% despite the fee hike.
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These members are highly engaged with the rewards platform. In the first quarter, for example, spending on Resy restaurant spend, which is Amex's restaurant app, increased 20% year over year, double the 10% increase for U.S. consumer spend, and lodging spend increased 50%, whereas U.S. consumer spend was up 5%. In other words, the card and its rewards mean a lot to users, and the fee income is likely to continue adding to the total revenue.
The 29% fee hike for the Platinum card should add meaningful growth to the total this year, and the durable subscription model is an underrated feature that makes American Express stock compelling.
UnitedHealth shares are experiencing downward pressure. What’s pulling UNH shares down? Earnings Preview & HistoryUnitedHealth is expected to report earnings per share of $4.85 along with revenue of $110.77 billion. The company has beaten EPS estimates in 3 consecutive quarters.
In the most recent quarter, UnitedHealth Group reported EPS of $7.23, beating estimates of $6.56 by 0.10%. Revenue came in at $111.72B, exceeding the estimate of $109.57B by 0.02%.
Investors should watch Medicare Advantage membership trends and pricing commentary tied to the recent payment hike, since that’s the macro tailwind currently supporting sentiment in the group. They should also track growth in Optum’s services and pharmacy benefit businesses, which would need to offset any flat-to-down consolidated revenue.
Analyst Consensus & Recent Actions The stock carries a Buy rating with an average price target of $432.63. Recent analyst moves include:
TD Cowen: Hold (Raises Target to $430.00) (July 14) Truist Securities: Buy (Raises Target to $480.00) (July 14) Keybanc: Overweight (Raises Target to $475.00) (July 14) UnitedHealth Shares TumbleUNH Price Action: At the time of publication, UnitedHealth shares are trading 2.20% lower at $415.85, according to data from Benzinga Pro.
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Palantir rozšiřuje partnerství s NVIDIA pro nasazení AI v utajovaných a odpojených vládních prostředích. Akcie byly při zveřejnění o 0,02 % výše na 133,75 USD.
Palantir Technologies stock is trading near recent lows. Where is PLTR stock headed? Palantir, NVIDIA Bring AI to U.S. Sovereign EnvironmentsThe offering combines NVIDIA’s AI platform with Palantir’s AIP, Ontology, Foundry, and Apollo products, enabling government agencies to deploy models in classified and air-gapped environments while continually improving them based on mission-specific feedback.
Palantir, Surf Air Expand SurfOSThe expanded partnership builds on the successful commercial launch of BrokerOS and a recent multi-million-dollar contract with Wheels Up to serve as the launch customer for Enterprise BrokerOS.
Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price target of $187.42. Recent analyst moves include:
DA Davidson: Upgraded to Buy (Raises Target to $175.00) (July 2) Wolfe Research: Upgraded to Peer Perform (June 16) Rosenblatt: Buy (Maintains Target to $225.00) (June 5) Palantir Shares Edge HigherPLTR Price Action: At the time of publication, Palantir shares are trading 0.02% higher at $133.75, according to data from Benzinga Pro.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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AMC shares are advancing steadily. Why are AMC shares climbing? Earnings Preview & HistoryAMC Entertainment is expected to report a loss of 5 cents per share along with revenue of $1.45 billion.
In the most recent quarter, AMC reported a loss of 36 cents per share, missing estimates of 33 cent-loss by 0.09%. Meanwhile, Revenue came in at $1.04 billion, exceeding the estimate of $974.61 million by 0.07.
Investors will likely key in on whether stronger box-office demand is improving the quality of earnings, not just the headline revenue number.
That means watching attendance and admissions revenue per patron for signs that higher traffic is paired with pricing power and premium-format mix — a signal for whether the jump to an expected $1.45 billion in revenue is margin-accretive.
Food and beverage revenue and per-capita spending will also be closely watched, since concessions are typically a major profit driver for theaters, making stronger per-cap trends a tell that demand is translating into operating leverage.
Given how central balance-sheet concerns have been to the recent debate around the stock, any commentary on interest expense, liquidity, cash levels, or debt refinancing terms could move shares more than a modest EPS beat or miss.
Analyst Consensus & Recent ActionsThe stock carries a Hold rating with an average price target of $1.80 (range: $1.20 to $2.50) across 6 analysts. Recent analyst moves include:
Macquarie: Neutral (Raises Target to $2.00) (July 8) Citigroup: Sell (Raises Target to $1.20) (May 7) Benchmark: Upgraded to Buy (Target $2.50) (May 6) Above the Trend Lines, Below the Breakout PointAMC is trading at $2.02, which keeps it above its key longer-term trend gauges: it’s 10.1% above the 50-day SMA ($1.83), 30.2% above the 100-day SMA ($1.55), and 10.3% above the 200-day SMA ($1.83). The one near-term friction point is the 20-day SMA at $2.09, with the stock still trading 3.6% below that level—often a sign the tape is trying to transition from "bounce" to "trend."
The moving-average structure is still a tailwind: the 20-day SMA is above the 50-day SMA, and the golden cross in July (50-day SMA moving above the 200-day SMA) keeps the intermediate trend biased upward as long as price holds those longer averages. That said, the stock’s 12-month performance remains down 37.18%, so rallies can still run into overhead supply from prior breakdown zones.
Momentum is best read through RSI, which sits at 50.07—basically neutral—suggesting the stock isn’t stretched and could move either way as catalysts approach. RSI is a momentum gauge that helps show whether buying or selling pressure is getting "overdone," and right now it’s signaling balance rather than exhaustion.
Key Resistance: $2.00 — a round-number pivot that’s also sitting near the current price, making it a key "line in the sand" for follow-through AMC Shares Trend HigherAMC Price Action: At the time of publication, AMC shares are trading 3.47% higher at $2.03, according to data from Benzinga Pro.
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Raytheon ze společnosti RTX úspěšně předvedl NGSRI pro americkou armádu, který má nahradit Stinger. Test prokázal delší dosah, přesnost a vyšší ničivost.
Successful system tech demo proves range, accuracy and lethality of new surface-to-air missile
, /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, successfully demonstrated the company's Next Generation Short Range Interceptor (NGSRI), designed to replace Raytheon's Stinger® surface-to-air missile for the U.S. Army.
Multiple guided missiles were launched using the company's soldier-portable Command Launch Assembly (CLA) during the demonstration. Each shot showed the NGSRI system's ability to detect, track and intercept Army-simulated aerial threats with direct hits and target destruction.
The system's advanced performance is driven by the CLA and missile seeker's precision optics, paired with an innovative highly loaded grain solid rocket motor manufactured by Northrop Grumman. Together, these technologies significantly extend NGSRI's engagement range beyond current systems.
"Raytheon's NGSRI saw farther and locked faster, demonstrating superior target acquisition, longer range and greater lethality than Stinger – which is already the world's most in-demand and shoulder-fired air defense system," said Tom Laliberty, president of Land and Air Defense Systems at Raytheon. "Our NGSRI solution builds on Stinger's historic global success by being easier to build and field, resulting in a more capable, affordable and rapidly producible weapon."
Over the past year, Raytheon has conducted several company-funded tests to prove and enhance NGSRI, along with two incremental demonstrations under contract with the Army.
NGSRI is a U.S. Army program to develop a short-range missile that will eventually replace the Stinger system. The missile will be able to be fired from a vehicle or shoulder-mounted launcher. As the manufacturer of the Stinger missile and launchers, Raytheon is working to ensure full interoperability of NGSRI with both new and existing mounted platforms.
Raytheon's NGSRI design leverages more than 60 years of air defense experience to deliver the world's most advanced shoulder-launched air defense missile for the U.S. Army and Marine Corps. The company's use of modular system design and automated manufacturing enables faster development and production.
About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.
About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact [email protected].
Conference call scheduled for Thursday, August 13, 2026, at 4:30 p.m. Eastern time July 15, 2026 09:00 ET | Source: Workhorse Group, Inc.
DETROIT, July 15, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”) a North American OEM and provider of all-electric trucks, shuttles and buses, plans to conduct a conference call to discuss its second quarter results and business outlook on Thursday, August 13, 2026, at 4:30 p.m. Eastern time.
Prior to the conference call, Workhorse will issue its second quarter earnings press release. The press release, once posted, may be viewed on Workhorse’s website at ir.workhorse.com.
A link to listen to the conference call webcast will be available on the Investor Relations section of Workhorse’s website.
The phone numbers to listen via telephone are (877)-407-0789 (U.S.) or (201)-689-8562 (international). A telephonic replay of the conference call will be available after 7 p.m. Eastern time on the same day through August 27, 2026.
Toll-free replay number: (844)-512-2921
International replay number: (412)-317-6671
Replay ID: 13761353
About Workhorse Group Inc.
Headquartered in the Detroit area with a commercial-scale manufacturing plant in Union City, Indiana, Workhorse (Nasdaq: WKHS) is redefining what a medium-duty truck should be. Workhorse builds software-first electric trucks, shuttles and buses that are powerful, cost-efficient, reliable, safe and comfortable — all with zero tailpipe emissions. Our deep experience building electric vehicles at scale drives intentional innovations designed to help customers lower operating costs, improve fleet performance, enhance the driver experience, and maximize uptime without compromise. More information is available at www.workhorse.com.
Media Relations Contacts:
Workhorse
John Williams, Communications
+1-206-660-5503, [email protected]
JetBlue a ClarityPay spouštějí první personalizovaný program pay later s 0% APR až na 12 měsíců. Zákazníci budou při platbě přes ClarityPay dál sbírat body TrueBlue.
, /PRNewswire/ -- JetBlue (Nasdaq: JBLU) and ClarityPay, a provider of tailored point-of-sale credit solutions, today announced a first-of-its-kind pay later program that unites embedded financing with an airline's loyalty and personalization strategies. The program launches with an introductory 0% APR on terms up to 12 months* and TrueBlue® points earning available at launch, plus incremental points opportunities on bookings with ClarityPay coming later this year.
What the Program Delivers
JetBlue and ClarityPay launch pay later program that unites embedded financing with the airline's loyalty & personalization strategies. Financing embedded in the journey: Customers preview personalized installment options from 6 weeks to 48 months while shopping. This transforms financing into a planning and conversion tool instead of just another payment method at checkout. Introductory 0% APR on terms up to 12 months: Available to eligible JetBlue customers with transparent terms before commitment. TrueBlue® loyalty integration: Customers who book through JetBlue using ClarityPay will continue to earn TrueBlue points on eligible purchases when a valid TrueBlue number is provided. Later this year, JetBlue and ClarityPay expect to introduce additional TrueBlue integrations, including the ability to earn incremental points when booking with ClarityPay. White-label and cross-sell capabilities: The platform supports JetBlue's branded customer experience end-to-end through data and AI capabilities — offering integrated upgrades, ancillaries, financial products, and loyalty promotions without inserting a third-party brand into the relationship. Embedded credit across flight booking ecosystem: Multi-merchant capabilities extend across JetBlue flights, insurance, and ancillary services, giving customers flexible financing options as they shop within the JetBlue ecosystem. Broader underwriting, more access: ClarityPay's full-spectrum credit approach extends financing access across a wider range of customers than traditional pay-later providers. This ensures more JetBlue customers can benefit from flexible payment options. "We set out to give our customers a best-in-class pay later solution," said Ed Pouthier, Vice President of Loyalty and Personalization, JetBlue. "ClarityPay listened and delivered, tailoring the program to our needs and building a solution that increases value to our customers, grows sales, and expands our loyalty ecosystem."
"JetBlue has one of the most powerful loyalty ecosystems, yet financing has historically lived outside that ecosystem," said Tom Carter, Chief Commercial Officer, ClarityPay. "ClarityPay was built to change that. Together with JetBlue, we are creating loyalty-linked travel financing that gives customers more flexibility while giving airlines greater control over commerce, loyalty, and customer experience."
Learn more about ClarityPay for travel brands at
www.claritypay.com/travel
*The annual percentage rate (APR) represents the total cost of a loan as an annual rate. Introductory offer of 0% up to 12 months expires on 8/15/2026. ClarityPay Program loans may have APRs ranging from 0% to 36%, terms range from 6 weeks to 48 months and eligibility is determined by the program lender based on a variety of factors, including the applicant's credit and state of residence. See full program details at https://www.jetblue.com/promo/claritypay-promo-page.
About JetBlue
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan. JetBlue carries customers across the U.S., Caribbean, Latin America, Canada, and Europe. For more information and the best fares, visit jetblue.com.
About ClarityPay
ClarityPay provides merchants with tailored point-of-sale credit solutions to drive acquisition and loyalty while giving customers flexible pay-over-time options across the full credit spectrum. ClarityPay offers plans from 6 weeks to 84 months to cover purchases from $50 to $50,000 — while giving merchants more control over customer experience, data, and program branding. Built for omnichannel commerce, ClarityPay integrates via API or major commerce and lending platforms, serving merchants in retail, health and wellness, home improvement, auto repair, travel and services. Learn more at www.claritypay.com.
Media Contact
ClarityPay Communications
[email protected]
www.claritypay.com
Morgan Stanley označila GE Vernova, Lam Research a United Airlines za své top tipy před výsledkovou sezonou a čeká u nich silné kvartální výsledky. U GE Vernova navíc čeká lepší než očekávaná čísla po výsledcích 22. července.
Morgan Stanley has identified three stocks that could outperform as the second-quarter earnings season gets underway. The Wall Street bank highlighted GE Vernova NYSE:GEV, Lam Research (NASDAQ: LRCX), and United Airlines (NASDAQ: UAL) among its top picks, citing expectations that they will deliver strong quarterly earnings.
GE Vernova stock has done well this year, helped by the rising demand for power equipment amid the artificial intelligence boom. It has soared by 61% this year and by nearly 100% in the last 12 months.
Recently, however, the stock has wavered and now sits a few points below its all-time high. Even so, Morgan Stanley analysts believe that the company will bounce back after its earnings on July 22. It expects it to publish stronger-than-expected numbers, helped by its new gas turbine contracts.
The management has already hinted that it will sell out its gas turbines reservations through 2030. Morgan Stanley’s Michael Wilson said:
“Capex is broadening beyond data centers and reshoring progress suggests the U.S. industrial economy may be entering a sustained growth cycle as international production becomes more expensive than domestic.”
MarketBeat data shows that the average target for GEV stock among analysts is $1,089, slightly above the current $1,067. Bernstein has a target of $1,206, while Jefferies recently lowered the target to $1,210 from the previous $1,350.
Morgan Stanley is also bullish on United Airlines as it expects the giant to issue a positive forward guidance for the rest of the year. Its stock has jumped by 7% this year and by 43% from its lowest point this year. This rebound happened as the US and Iran started their ceasefire, which brought jet fuel prices lower.
The risk, however, is that the two countries have resumed their fighting, pushing oil prices higher. Brent and WTI have all jumped to over $80 this week, which will translate into higher jet fuel prices. Morgan Stanley wrote:
“Airline demand and booking intent remain healthy, with seven consecutive price increases absorbed without demand destruction. With oil prices moving lower, airlines are unlikely to roll back pricing, though sustained demand will remain the key test.”
Analysts are largely bullish on the stock, with those from Susquehanna, Cowen, Goldman Sachs, BMO, and Bernstein boosting their targets this month.
READ MORE: Top reasons a United Airlines and American merger is unlikely to happen
Morgan Stanley analysts are also bullish on Lam Research, a company whose stock has more than doubled this year. After hitting a record high of $437 in June, Lam shares have dropped by 20% to the current $346.
Morgan Stanley believes that the company will release better-than-estimated revenue and earnings. It will then boost its earnings per share as it has done in the past. The statement said:
“AI demand remains robust with rising token prices and continued strength across the ecosystem despite recent market pullbacks. New equipment orders are improving.”
Analysts are also bullish on Lam Research even as its valuation concerns remain. The company has a forward price-to-earnings ratio of 62, much higher than other top companies like Nvidia, Micron, and SanDisk.
Stifel raised its target from $325 to $425, while Needham boosted the target from $300 to $390. Other analysts who boosted their target for the shares are from Mizuho, Susquehanna, and Cantor Fitzgerald.
READ MORE: Applied Materials stock jumps as Meta AI chip plan lifts semiconductor names
Elevance Health překonal odhady za čtvrtletí končící v červnu 2026: EPS činil 7,45 USD a tržby 49,83 miliardy USD. Zisk na akcii i tržby byly nad konsensem.
Elevance Health (ELV - Free Report) came out with quarterly earnings of $7.45 per share, beating the Zacks Consensus Estimate of $6.18 per share. This compares to earnings of $8.84 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +20.55%. A quarter ago, it was expected that this health insurer would post earnings of $10.68 per share when it actually produced earnings of $12.58, delivering a surprise of +17.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Elevance Health, which belongs to the Zacks Medical Services industry, posted revenues of $49.83 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.85%. This compares to year-ago revenues of $49.42 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Elevance Health shares have added about 21.8% since the beginning of the year versus the S&P 500's gain of 10.2%.
What's Next for Elevance Health?While Elevance Health has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Elevance Health was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.00 on $48.54 billion in revenues for the coming quarter and $26.86 on $194.24 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical Services is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Ardent Health, Inc. (ARDT - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of -67.3%. The consensus EPS estimate for the quarter has been revised 2.1% higher over the last 30 days to the current level.
Ardent Health, Inc.'s revenues are expected to be $1.62 billion, down 1.3% from the year-ago quarter.
DuPont spustil více než 20 produktové end-to-end portfolio pro přímou extrakci lithia z solanek. Cílí na vyšší výtěžnost a přizpůsobení různým složením solanek.
Tailored direct lithium extraction solutions combine advanced sorbents, membranes, ion exchange resins, and technical expertise to enable high-performance lithium recovery across diverse brine compositions
, /PRNewswire/ -- DuPont (NYSE: DD) today announced it has launched an end-to-end Direct Lithium Extraction (DLE) portfolio comprising more than 20 products across multiple technologies, designed to improve lithium recovery and provide tailored solutions for diverse brine resources, supporting scalable lithium production amid accelerating global demand. As an alternative to traditional lithium processing approaches such as hard rock mining or evaporation, DLE is well positioned to support growing lithium demand through advanced separation technologies designed to extract lithium effectively and efficiently from brine.
The new DLE portfolio spans lithium-selective sorbents, nanofiltration and reverse osmosis membranes, and ion exchange resins across the entire lithium brine treatment process, from extraction and purification to final concentration. This integrated flowsheet design enables customers to implement end-to-end solutions or select individual technologies tailored to their specific process requirements and brine compositions.
A key differentiator of DuPont's new portfolio is its breadth and flexibility, which allows DuPont to design customized solutions across a wide range of lithium extraction applications. For example, the portfolio includes specialized lithium-selective DuPont™ AmberSorb™ adsorbent technologies for both high- and low-temperature brine streams to meet the needs for efficient lithium recovery from diverse global resources. In addition, DuPont provides different grades of FilmTec™ LiNE nanofiltration and reverse osmosis elements, offering unique separation characteristics and incorporation of low salt rejection reverse osmosis (LSRRO) technology to achieve ultra-high lithium concentration.
These capabilities are enhanced by advanced DuPont™ IntegraTec™ and Inge™ ultrafiltration modules, FilmTec™ nanofiltration and reverse osmosis membranes, and DuPont™ AmberLite™ ion exchange resins, which improve lithium yield, purity, and concentration throughout the process. By bringing these technologies together into a single, cohesive platform, DuPont enables customers to optimize performance and recovery across the full direct lithium extraction flowsheet.
"DLE processes are highly sensitive to the lithium brine composition, temperature, and competing ions. By integrating the lithium-selective sorbents, membranes, and ion exchange technologies into a single process design framework, we can optimize the full flowsheet rather than treating them in isolation," said Dr. Martin Deetz, Senior R&D Laureate for DuPont Water Solutions. "Our customers are trying to move from the lab to reliable lithium production as quickly as possible. By combining these technologies with advanced modeling, testing, and piloting support, we can help accelerate the design of tailored, end-to-end lithium extraction flowsheets for their specific brine resources and goals."
DuPont further supports customers through its global research and development network, offering advanced laboratory testing and process modeling. These services allow lithium producers to validate performance using real brine samples and accelerate process development. This approach positions DuPont as a technical collaborator, helping customers move from initial evaluation to implementation with greater speed, confidence, and process reliability. As demand for lithium surges to power electric vehicles and energy storage systems, the industry is increasingly adopting DLE as a more coordinated and efficient approach to unlocking new lithium resources.
DuPont's technical experts hosted an educational webinar on June 18, 2026 to help customers understand how tailored DLE technologies can increase lithium yield and purity while addressing the unique characteristics of their brine resources. The session highlighted how customers can leverage DuPont's testing, modeling, and piloting support to evaluate and implement customized solutions. Watch on-demand here: https://www.dupont.com/water/contact-us.html?dfp=water-webinar-direct-lithium-extraction&src=ws_global_newsletter_dlewebinar_website_pressrelease_2026-07-14
Learn more about DuPont's Direct Lithium Extraction portfolio at https://www.dupont.com/water/applications/direct-lithium-extraction-solutions.html.
About DuPont
DuPont (NYSE: DD) is a global innovation leader, providing advanced solutions that help transform industries and improve everyday life across our key markets of healthcare, water, construction, and industrial. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted.
-- Marks 37th Consecutive Annual Dividend Increase --
, /PRNewswire/ -- The Board of Directors of NNN REIT, Inc. (NYSE: NNN) ("NNN" or the "Company"), a real estate investment trust, today announced a quarterly dividend of 62 cents per share payable August 14, 2026 to shareholders of record as of July 31, 2026. The 3.3 percent increase in the quarterly dividend marks the 37th consecutive annual dividend increase. NNN is one of only three publicly traded REITs to have increased its annual dividend for 37 or more consecutive years.
Steve Horn, Chief Executive Officer, commented: "Our steadfast commitment to a long-term approach has once again enabled NNN to increase its annual dividend for the 37th consecutive year. This achievement underscores our high-quality portfolio, disciplined capital allocation, and flexible balance sheet, all of which continue to deliver sustainable growth for our shareholders."
About NNN REIT, Inc.
NNN is a REIT that invests in high-quality properties subject generally to long-term, net leases with minimal ongoing capital expenditures. As of March 31, 2026, the Company owned 3,711 properties across all 50 states, the District of Columbia and Puerto Rico, encompassing approximately 39.6 million square feet of gross leasable area, with a weighted average remaining lease term of 10.1 years.
For additional information, please visit www.nnnreit.com.
Kratos otevřel v Yorku v Pensylvánii nový výrobní závod o rozloze 167 000 čtverečních stop. Firma zároveň plánuje nakoupit nové vybavení za více než 7 milionů USD, aby zvýšila výrobní kapacitu.
Kratos’ Pennsylvania Operations Engineer, Manufacture and Test Mission-Critical, Military-Grade Hardware Supporting Certain of the Nation's Highest-Priority Hypersonic, Air Defense, Missile, Radar and Counter-Unmanned Aircraft System (C-UAS) Programs
Kratos’ Expanded Pennsylvania Operations Accelerate Development and Large-Scale Mass Production of Mil-Spec Hardware to Strengthen National Security
SAN DIEGO, July 15, 2026 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company specializing in defense, national security and global markets, today announced the opening of a 167,000-square-foot advanced manufacturing facility in York, Pennsylvania. The plant expands Kratos' existing Pennsylvania operations, which now span three facilities and employ more than 440 people, supporting a growing portfolio of critical national security programs. Additionally, Kratos announced plans to purchase new state-of-the-art equipment, totaling over $7 Million, to further expand production capability.
The new facility and planned investments in manufacturing equipment significantly increase Kratos' production capacity to meet accelerating customer demand for advanced defense systems while reinforcing the company's commitment to strengthening the U.S. defense industrial base through rapid innovation and mission-speed production.
Kratos’ Pennsylvania operations engineer, manufacture and test mission-critical, military-grade hardware supporting certain of the nation's highest-priority air defense, missile, radar and counter-unmanned aircraft system (C-UAS) initiatives. Including the new facility, Kratos' Pennsylvania operations actively support C-UAS initiatives by delivering complex equipment for directed energy weapons, missile transporters, mobile missile launcher systems, hypersonic systems and strategic system radar platforms.
Tom Mills, President of Kratos C5ISR Division, said, “Leveraging proven manufacturing methodologies and advanced production technologies, Kratos’ Pennsylvania operations recently completed delivery of highly engineered solutions for both High Power Microwave (HPM) and High Energy Laser (HEL) programs. These efforts included the design, manufacture and testing of specialty structures and components that enhance system mobility and survivability, along with system integration involving custom mechanical assemblies, actuators, thermal management and electrical subsystems. This new Kratos facility and investment will both expand and accelerate our capabilities in additional mission critical national security programs, including strategic systems”.
“Kratos is committed to building the Arsenal of Freedom by investing in the people, facilities and manufacturing capabilities needed to deliver critical systems, at scale, to our customers faster than ever before,” said Eric DeMarco, President and CEO of Kratos. “This expansion marks another important milestone in continuing to grow Kratos’ capability to provide mil-spec hardware for national defense and mission critical programs. Pennsylvania has proven to be an exceptional manufacturing hub, including a highly skilled workforce, and this investment positions Kratos to continue delivering affordable, high-performance, leading technology systems that address our nation's most pressing security challenges. Kratos' ability to manufacture highly complex hardware at production scale—where quality, precision and reliability are mission-critical—continues to differentiate our Company as a trusted partner to the U.S. Department of War and allied customers.”
The new facility and related manufacturing equipment provides expanded space and capabilities for advanced manufacturing, systems integration and testing, enabling Kratos to scale production while meeting increasing customer requirements for speed, affordability and performance.
Kratos’ expansion in Pennsylvania represents the company’s continued investment in American manufacturing and its commitment to delivering warfighter-ready capabilities that outpace evolving threats while strengthening the nation's defense industrial base.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com and follow Kratos on LinkedIn and X.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
WRAP dokončila první funkční prototyp Wraptor MX, vícenásobně výstřelové neletální zadržovací platformy. Zároveň vybírá až 10 policejních agentur do exkluzivního programu raného přístupu.
MIAMI, July 15, 2026 (GLOBE NEWSWIRE) -- WRAP Technologies, Inc. (NASDAQ: WRAP) (“WRAP” or the “Company”), developer of the WrapShield™ Autonomous Public Safety Platform, today announced the completion of the first operational prototype of Wraptor MX™, the Company’s multi-shot non-lethal restraint platform. WrapShield’s Non-Lethal Response™ layer — previously served by a single instrument, the BolaWrap® 150 — now has a newly unveiled operational component. Together with the DFR-X drone-deployed restraint system, WrapShield is designed to bring together three dedicated non-lethal delivery mechanisms — handheld, multi-shot, and drone-deployed — under a single platform architecture.
“BolaWrap introduced a new way for officers to create time, distance, and control through an instrument of restraint. Wraptor MX builds on that foundation and is designed to allow officers to respond to multiple engagements before reloading, potentially giving teams greater flexibility in dynamic and rapidly evolving situations,” said Scot Cohen, Chief Executive Officer of WRAP. “Wraptor MX is much more than another product. We believe it represents the next evolution of our response architecture within WrapShield. We are expanding our ability to deliver proportional sight, sound, and sensation effects across a broader range of public safety operations. As BolaWrap earned adoption by more than 1,000 agencies in over 60 countries, we believe Wraptor MX can extend those capabilities deeper into tactical, corrections, private security, and defense environments.”
The announcement builds on ATF Ruling 2026-2, effective July 2, 2026, which classified the BolaWrap® 150 as neither a firearm nor an “any other weapon,” affirming it as an instrument of restraint under federal law. That determination — specific to the BolaWrap 150 — may provide a favorable regulatory reference point for non-lethal restraint technology across corrections, law enforcement, and public-safety applications, and WRAP expects it to accelerate adoption in the United States. Driven by use-of-force reform, policy mandates, and the growth of autonomous response architectures in public safety, the global non-lethal weapons market is estimated at approximately $9.5 billion today and is projected to grow to roughly $13 billion by 2030, according to Grand View Research.1
Wraptor MX™ is a modular, multi-shot non-lethal response platform that expands the proven capabilities of BolaWrap®. Designed for scenarios where multiple engagements may be required, the current prototype is designed to deliver (3) three consecutive BolaWrap deployments before reloading. While the BolaWrap® 150 remains optimized for individual officers carrying a compact, single-shot restraint device, Wraptor MX is being developed for tactical teams, corrections, perimeter security, and other operational environments where greater response capacity may be needed. As the platform evolves, WRAP expects to explore additional configurations and deployment capacities informed by customer feedback and operational testing.
Key design principles:
Modular response architecture: Designed as a configurable platform intended to integrate multiple sight, sound, and sensation effects. In addition to multi-shot BolaWrap deployment, the current design incorporates a high-intensity light, with future configurations expected to support additional non-lethal response technologies as the platform evolves.Mission-configurable: Features a standard Picatinny rail, allowing agencies to select optics and accessories that align with their operational preferences, training doctrine, and mission requirements.Officer-informed design: Developed with input from U.S. law enforcement and corrections professionals and intended to reflect real-world operational needs, emphasizing ergonomics, durability, and rapid deployment under stress.Operationally optimized: Incorporates sling attachment points intended to support safe weapon retention, rapid transitions, and immediate hands-on control following deployment when circumstances require officers to move directly into restraint or custody operations.Platform for expansion: Wraptor MX is engineered as a long-term response platform capable of incorporating future non-lethal technologies, which could enable WRAP to expand beyond a single capability into a family of proportional response options without requiring agencies to adopt an entirely new operating system.
WrapShield: A Three-Element Non-Lethal Response Layer
WRAP's WrapShield™ platform organizes public safety response into integrated operational layers. The Non-Lethal Response layer is built around interoperable instruments of restraint designed to provide proportional response options across a range of operational environments. With the addition of Wraptor MX™, this layer now consists of three response elements:
Response Element 1 – BolaWrap® 150
A compact, handheld instrument of restraint designed for immediate deployment by individual officers. Commercially deployed by more than 1,000 agencies across over 60 countries.Response Element 2 – Wraptor MX™
A modular, multi-shot instrument of restraint designed for tactical teams, corrections, perimeter security, and other scenarios where multiple engagements may be required. The first operational prototype is complete, and WRAP's Early Adopter Program is now selecting partner agencies.Response Element 3 – DFR-X™
A drone-deployed instrument of restraint capable of delivering a BolaWrap payload without requiring an officer to be physically present at the scene, operating under established human-authorization protocols as part of the WrapShield platform.
Rather than developing isolated products, WRAP is building an integrated non-lethal response architecture. These three response elements are designed to operate within the WrapShield platform's common detection, orchestration, command-and-control, and AI-assisted decision framework, and are designed to provide agencies with scalable response options across individual officer, team-based, and, where policy and law permit, future autonomous deployments. As the platform evolves, WRAP intends to expand these response capabilities to meet an increasingly broad range of public safety and defense missions.
Early Adopter Program — Limited Cohort Selection
WRAP is selecting a limited cohort of up to 10 law enforcement agencies for exclusive pre-commercial access to the Wraptor MX platform. Participation is by application and provides selected agencies with direct access to the engineering team, deployment-configuration input, and preferred commercial terms for initial production units.
The program is designed to generate real-world deployment data, officer feedback, training methodology, and operational validation across diverse threat environments before commercial release. Selected agencies will be announced as the cohort is finalized. Qualified agencies may apply at www.wrap.com/#/wraptormx.
“Wraptor MX is more than a new product—it reflects the company we are building,” said Jared Novick, President and Chief Operating Officer of WRAP. “Public safety continues to evolve, and the tools available to the men and women who serve our communities must evolve with it. Our focus is on developing technologies designed to give officers and agencies more proportional response options, greater operational flexibility, and better decision support—always keeping trained professionals in control. As detection, communications, and decision-support technologies continue to advance, we're designing our platforms to adapt alongside them while remaining grounded in the policies, legal standards, and human judgment that define modern policing. We believe the future of public safety will combine exceptional officers with exceptional technology, and that's the future WRAP is building through WrapShield.”
About WRAP Technologies, Inc.
WRAP Technologies, Inc. (NASDAQ: WRAP) is developing WrapShield™, an autonomous public safety platform intended to unify threat detection, classification, command-and-control, and non-lethal response in a single operating architecture. At the platform’s core is the principle that the technology layer between situational awareness and human force application should be trustworthy, accountable, and — wherever tactically appropriate — non-lethal. Building on the commercial success of BolaWrap®, the Company’s flagship restraint tool deployed across more than 1,000 agencies in over 60 countries, WRAP is building an operating layer between perception and response.
Trademark Information
WRAP, the Wrap logo, BolaWrap®, Non-Lethal Response™, WrapReality™, Wrap Training Academy, and Non-Lethal Response™ are trademarks of WRAP Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders.
Cautionary Note on Forward-Looking Statements - Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements include, among others, statements regarding the completion, capabilities, performance, timing, and commercial readiness of the Wraptor MX platform and the DFR-X system; the structure, timing, and outcomes of the Early Adopter Program, including whether selected agencies place orders or generate revenue; the anticipated size, growth, and addressable opportunity of the non-lethal and public-safety markets; and the expected effects of ATF Ruling 2026-2. These statements are based on current expectations and are subject to risks and uncertainties, including but not limited to WRAP’s ability to complete product development and achieve commercial readiness on expected timelines, the difference between a prototype and a commercially available product, the possibility that Early Adopter Program participation does not result in purchases, competition, supply-chain and manufacturing constraints, and changes in law, regulation, or agency policy. ATF Ruling 2026-2 addresses the classification of the BolaWrap® 150 only, and no assurance can be given that any similar classification will apply to Wraptor MX, the DFR-X system, or any other product. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors including other risk factors mentioned in the Company's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. WRAP assumes no obligation to update any forward-looking statement except as required by applicable law.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3f5d7a84-06af-4aeb-bab9-00abae5cd2b2
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ARLINGTON, Va., July 15, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today the company has signed a contract to supply more than 50,000 Tenum® Orbit™ thermal imaging cameras under a blanket purchase agreement, marking a major production milestone for the company and underscoring growing demand for advanced thermal imaging technology across emerging mission applications.
The agreement positions Leonardo DRS to support high-volume customer requirements for compact, high-performance thermal imaging systems used in applications including unmanned systems and other rapidly evolving platforms. It also reflects customer confidence in the company’s manufacturing capacity and ability to deliver sophisticated sensing technologies at scale.
“This agreement demonstrates the strength of our thermal imaging technology and our readiness to deliver at scale,” said Jerry Hathaway, senior vice president and general manager of the Leonardo DRS EO/IS business unit. “We have made strategic investments in our production capabilities so we can respond quickly and reliably to growing customer demand across a wide range of mission applications.”
Developed for high-volume production across multiple end uses, including drones, the Tenum® Orbit™ thermal imaging module is backed by Leonardo DRS investments in factory infrastructure and manufacturing capacity designed to support annual production in the hundreds of thousands of units. The Tenum® Orbit™ is also designed to support exportability and compliance with applicable international trade regulations, helping customers integrate advanced thermal imaging technology more efficiently across global markets.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS Investor Relations Contact
Steve Vather
Senior Vice President, Corporate Development (M&A) and Investor Relations
+1 703 409 2906 [email protected]
Leonardo DRS Media Contact
Carrie Robinson
Vice President, Marketing and Corporate Communications
+1 321 266 7691 [email protected]
First Horizon National (FHN - Free Report) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.85%. A quarter ago, it was expected that this bank holding company would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of +8.16%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
First Horizon, which belongs to the Zacks Banks - Southwest industry, posted revenues of $887 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.55%. This compares to year-ago revenues of $830 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
First Horizon shares have added about 7.6% since the beginning of the year versus the S&P 500's gain of 10.2%.
What's Next for First Horizon?While First Horizon has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First Horizon was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.55 on $895.6 million in revenues for the coming quarter and $2.15 on $3.54 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
BOK Financial (BOKF - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 20.
This Regional banking operator is expected to post quarterly earnings of $2.56 per share in its upcoming report, which represents a year-over-year change of +16.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
BOK Financial's revenues are expected to be $558.9 million, up 4.4% from the year-ago quarter.
Axsome Therapeutics oznámila, že FDA přijala k posouzení její NDA pro AXS-12 na léčbu kataplexie u narkolepsie. Úřad stanovil cílové datum rozhodnutí na 1. května 2027.
July 15, 2026 07:00 ET | Source: Axsome Therapeutics, Inc.
FDA sets PDUFA target action date of May 1, 2027
NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced that the U.S. Food and Drug Administration (FDA) has accepted for filing the Company’s New Drug Application (NDA) for AXS-12 (reboxetine) for the treatment of cataplexy in narcolepsy. The FDA has set a Prescription Drug User Fee Act (PDUFA) target action date of May 1, 2027. The FDA also indicated that it does not currently plan to hold an advisory committee meeting to discuss the application.
About Narcolepsy
Narcolepsy is a serious and debilitating orphan neurological condition that causes dysregulation of the sleep-wake cycle and is characterized clinically by excessive daytime sleepiness, cataplexy, hypnagogic hallucinations, sleep paralysis, and disrupted nocturnal sleep.1-3 Cataplexy is seen in an estimated 70% of narcolepsy patients and is a sudden reduction or loss of muscle tone while a patient is awake, typically triggered by strong emotions such as laughter, fear, anger, stress, or excitement.4-5 Narcolepsy is a life-long condition that interferes with cognitive, psychological, and social functioning, increases the risk of work- and driving-related accidents, and is associated with a 1.5-fold higher mortality rate.6-8
About AXS-12
AXS-12 (reboxetine) is a highly selective and potent norepinephrine reuptake inhibitor and cortical dopamine modulator under development for the treatment of narcolepsy. AXS-12 is thought to modulate noradrenergic activity to maintain muscle tone during wakefulness, and noradrenergic and cortical dopaminergic signaling to promote wakefulness and cognition function. AXS-12 has been granted U.S. Food and Drug Administration (FDA) Orphan Drug Designation for the treatment of narcolepsy. AXS-12 is not approved by the FDA.
About Axsome Therapeutics
Axsome Therapeutics is a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) conditions. We deliver scientific breakthroughs by identifying critical gaps in care and develop differentiated products with a focus on novel mechanisms of action that enable meaningful advancements in patient outcomes. Our industry-leading neuroscience portfolio includes FDA-approved treatments for major depressive disorder, agitation associated with dementia due to Alzheimer’s disease, excessive daytime sleepiness associated with narcolepsy and obstructive sleep apnea, and migraine, as well as multiple novel product candidates addressing a broad range of serious neurological and psychiatric conditions that impact over 150 million people in the United States. Together, we are on a mission to solve some of the brain’s biggest problems so patients and their loved ones can flourish. For more information, please visit us at www.axsome.com and follow us on LinkedIn and X.
Forward Looking Statements
Certain matters discussed in this press release are “forward-looking statements”. The Company may, in some cases, use terms such as “predicts,” “believes,” “potential,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. In particular, the Company’s statements regarding trends and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the commercial success of the Company’s SUNOSI®, AUVELITY®, and SYMBRAVO® products and the success of the Company’s efforts to obtain any additional indication(s) with respect to solriamfetol and/or AXS-05; the Company’s ability to maintain and expand payer coverage; the success, timing and cost of the Company’s ongoing clinical trials and anticipated clinical trials for the Company’s current product candidates, including statements regarding the timing of initiation, pace of enrollment and completion of the trials (including the Company’s ability to fully fund the Company’s disclosed clinical trials, which assumes no material changes to the Company’s currently projected revenues or expenses), futility analyses and receipt of interim results, which are not necessarily indicative of the final results of the Company’s ongoing clinical trials, and/or data readouts, and the number or type of studies or nature of results necessary to support the filing of a new drug application (“NDA”) for any of the Company’s current product candidates; the Company’s ability to fund additional clinical trials to continue the advancement of the Company’s product candidates; the timing of and the Company’s ability to obtain and maintain U.S. Food and Drug Administration (“FDA”) or other regulatory authority approval of, or other action with respect to, the Company’s product candidates, including statements regarding the timing of any NDA submission; the Company’s ability to successfully defend its intellectual property or obtain the necessary licenses at a cost acceptable to the Company, if at all; the Company’s ability to successfully resolve any intellectual property litigation, and even if such disputes are settled, whether the applicable federal agencies will approve of such settlements; the successful implementation of the Company’s research and development programs and collaborations; the success of the Company’s license agreements; the acceptance by the market of the Company’s products and product candidates, if approved; the Company’s anticipated capital requirements, including the amount of capital required for the commercialization of SUNOSI, AUVELITY, and SYMBRAVO and for the Company’s commercial launch of its other product candidates, if approved, and the potential impact on the Company’s anticipated cash runway; the Company’s ability to convert sales to recognized revenue and maintain a favorable gross to net sales; unforeseen circumstances or other disruptions to normal business operations arising from or related to domestic political climate, geo-political conflicts or a global pandemic and other factors, including general economic conditions and regulatory developments, not within the Company’s control. The factors discussed herein could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
American Academy of Sleep Medicine. The International Classification of Sleep Disorders. Third Edition (ICSD-3). 2014.National Institute of Neurological Disorders and Stroke. Narcolepsy. https://www.ninds.nih.gov/health-information/disorders/narcolepsy. Accessed September 2024.España RA, Scammell TE. Sleep neurobiology from a clinical perspective. Sleep. 2011 Jul 1;34(7):845-58.Narcolepsy Network. About Narcolepsy. https://narcolepsynetwork.org/about-narcolepsy/. Accessed September 2024.Swick TJ. Treatment paradigms for cataplexy in narcolepsy: past, present, and future. Nat Sci Sleep. 2015 Dec 11;7:159-69.Tadrous R, O'Rourke D, Mockler D, Broderick J. Health-related quality of life in narcolepsy: A systematic review and meta-analysis. J Sleep Res. 2021 Dec;30(6):e13383.Patil SP, Ayappa IA, Caples SM, Kimoff RJ, Patel SR, Harrod CG. Treatment of Adult Obstructive Sleep Apnea With Positive Airway Pressure: An American Academy of Sleep Medicine Systematic Review, Meta-Analysis, and GRADE Assessment. J Clin Sleep Med. 2019 Feb 15;15(2):301-334.Ohayon MM, Black J, Lai C, Eller M, Guinta D, Bhattacharyya A. Increased mortality in narcolepsy. Sleep. 2014 Mar 1;37(3):439-44.
Fifth Third Bancorp (NYSE:FITB) will release its second quarter earnings report before the opening bell on Friday, July 17.
Analysts expect the Cincinnati, Ohio-based company to report quarterly earnings of 84 cents per share, down from 88 cents per share in the year-ago period. The consensus estimate for Fifth Third Bancorp’s quarterly revenue is $3.25 billion. It reported $2.25 billion last year, according to Benzinga Pro.
On June 17, Fifth Third announced the launch of an AI‑powered experience within its mobile app.
Shares of Fifth Third Bancorp fell 0.2% to close at $57.05 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying FITB stock? Here’s what analysts think:
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The PNC Financial Services Group, Inc (PNC - Free Report) came out with quarterly earnings of $4.85 per share, beating the Zacks Consensus Estimate of $4.51 per share. This compares to earnings of $3.85 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.54%. A quarter ago, it was expected that this company would post earnings of $4.12 per share when it actually produced earnings of $4.32, delivering a surprise of +4.85%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
The PNC Financial Services Group, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $6.9 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.13%. This compares to year-ago revenues of $5.69 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
The PNC Financial Services Group shares have added about 20.7% since the beginning of the year versus the S&P 500's gain of 10.2%.
What's Next for The PNC Financial Services Group?While The PNC Financial Services Group has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for The PNC Financial Services Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.89 on $6.58 billion in revenues for the coming quarter and $18.83 on $25.9 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Bank is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Robinhood Markets, Inc. (HOOD - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This company is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -4.8%. The consensus EPS estimate for the quarter has been revised 6.7% higher over the last 30 days to the current level.
Robinhood Markets, Inc.'s revenues are expected to be $1.23 billion, up 23.9% from the year-ago quarter.
MAYFIELD VILLAGE, OHIO, July 15, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended June 30, 2026:
JuneQuarter(millions, except per share amounts and ratios; unaudited) 2026 2025 Change 2026 2025 ChangeNet premiums written$6,772 $6,605 3 %$21,077 $20,076 5 %Net premiums earned$7,100 $6,954 2 %$21,573 $20,310 6 %Net income$779 $1,124 (31)%$3,311 $3,175 4 %Per share available to common shareholders$1.34 $1.91 (30)%$5.67 $5.40 5 %Total pretax net realized gains (losses) on securities$(13) $179 (107)%$604 $387 56 %Combined ratio 90.0 86.6 3.4 pts. 87.3 86.2 1.1 pts.Average diluted equivalent common shares 583.1 588.0 (1) % 584.2 587.8 (1)% June 30,(thousands; unaudited)
2026 2025 % ChangePolicies in Force Personal Lines Agency – auto11,211 10,423 8Direct – auto16,721 15,245 10Special lines7,297 6,850 7Property3,631 3,608 1Total Personal Lines38,860 36,126 8Commercial Lines1,226 1,189 3Total40,086 37,315 7
See Progressive’s complete monthly earnings release for additional information.
About Progressive
Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is a leading seller of personal auto, commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers in the United States.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.
PDF available: Progressive June 2026 Complete Earnings Release
Conagra Brands schválila čtvrtletní dividendu 0,175 USD na akcii, splatnou 2. září 2026. Firma zároveň uvedla, že roční sazbu dividendy nastavuje na 0,70 USD na akcii.
, /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced that its Board of Directors approved a quarterly dividend payment of $0.175 per share of CAG common stock to be paid on September 2, 2026 to stockholders of record as of the close of business on July 30, 2026. Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976.
John Brase, president and chief executive officer of Conagra Brands, commented, "Resetting our dividend to an annualized rate of $0.70 per share proactively realigns our capital allocation, accelerates progress toward our leverage target, supports critical investments, and strengthens our financial flexibility, including the ability to shape the portfolio over time. Our commitment to shareholders hasn't changed; our objective remains a balanced capital allocation, with a dividend that returns meaningful capital to shareholders and enables the dividend to grow alongside earnings over time. This decision aligns with our priorities to stabilize and restore margins, increase investments in our brands and supply chain, and reduce complexity, and we are confident it is the right decision for the long-term success of Conagra."
About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on collaboration and innovation. The company's portfolio is continuously evolving to satisfy consumers' ever-changing food preferences. Conagra's brands include Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, Angie's® BOOMCHICKAPOP®, and many more. As a corporate citizen, we aim to do what's right for our business, our employees, our communities and the world. Headquartered in Chicago, Conagra Brands generated fiscal 2026 net sales of over $11 billion. For more information, visit www.conagrabrands.com.
Forward-Looking and Cautionary Statements
This press release contains forward-looking statements within the meaning of the federal securities laws that provide our current expectations and beliefs concerning future events including dividend levels, strategic priorities, and capital allocation that are subject to risks and uncertainties which are difficult to predict and could cause our actual results to differ materially from the expectations expressed in or implied by such forward-looking statements. These risks and uncertainties include, among other things, our ability to act on our priorities and strategies and other risks described in our reports filed from time to time with the Securities and Exchange Commission. We undertake no responsibility to update these statements, except as required by law.
For more information, please contact:
MEDIA: [email protected]
INVESTORS: [email protected]
Americká investiční banka Morgan Stanley zveřejnila výsledky hospodaření za druhé čtvrtletí roku 2026. Celkové výnosy výrazně překonaly průměrný odhad analytiků, k čemuž nejvíce přispěly výnosy z obchodování s akciemi. Nad očekáváním skončily i výnosy z investičního bankovnictví a segmentu správy majetku.
Výsledky společnosti Morgan Stanley (MS) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mld. USD) 21,35 19,58 16,79 Čistý zisk (mld. USD) 5,58 -- 3,54 Zisk na akcii (EPS, USD/akcie) 3,46 -- 2,13 Výsledky za 2Q Výnosy meziročně vzrostly o 27 % na 21,35 mld. USD, výrazně nad odhadem 19,58 mld. USD.
Výnosy ze segmentu správy majetku (Wealth Management) dosáhly 8,86 mld. USD, meziročně o 14 % výše a nad odhadem 8,68 mld. USD. Zisk před zdaněním z tohoto segmentu činil 2,70 mld. USD (odhad: 2,6 mld. USD) při marži před zdaněním 30,5 % (odhad: 30 %). Segment zaznamenal rekordní čisté nové klientské prostředky ve výši 148,1 mld. USD, oproti loňským 59,2 mld. USD.
Výnosy z obchodování s akciemi dosáhly 6,30 mld. USD, meziročně o 69 % výše a výrazně nad odhadem 4,47 mld. USD. Výnosy z obchodování s dluhopisy, měnami a komoditami (FICC) činily 2,46 mld. USD (+13 % meziročně), mírně pod odhadem 2,56 mld. USD.
Výnosy z institucionálního investičního bankovnictví dosáhly 2,44 mld. USD, meziročně o 58 % výše a nad odhadem 2,2 mld. USD. Z toho poradenské poplatky činily 798 mil. USD (odhad: 772,9 mil. USD; loni 508 mil. USD), výnosy z upisování akcií 851 mil. USD (odhad: 676,9 mil. USD; loni 500 mil. USD) a výnosy z upisování dluhopisů 788 mil. USD (odhad: 723,9 mil. USD; loni 532 mil. USD).
Čistý úrokový výnos dosáhl 2,78 mld. USD, nad odhadem 2,72 mld. USD. Celkové vklady činily 446,07 mld. USD, nad odhadem 432,75 mld. USD.
Tvorba opravných položek na úvěrové ztráty činila 98 mil. USD, nad odhadem 76,8 mil. USD, ale pod loňskými 196 mil. USD.
Rentabilita vlastního kapitálu (ROE) dosáhla 20,7 %, nad odhadem 17,4 % a výrazně nad loňskými 13,9 %. Rentabilita hmotného kapitálu (ROTCE) činila 26,6 %, nad odhadem 22,1 % a nad loňskými 18,2 %.
Kapitálový poměr CET1 (standardizovaný) dosáhl 14,8 %, v souladu s odhadem, mírně pod loňskými 15,0 %.
Objem spravovaných aktiv (AUM) dosáhl 2,00 bil. USD, nad odhadem 1,94 bil. USD. Čisté přílivy aktiv založených na poplatcích (fee-based) činily 39,1 mld. USD, nad odhadem 32,87 mld. USD. Čisté přílivy do alternativních strategií dosáhly 12,7 mld. USD (odhad: 9,99 mld. USD), zatímco akciové strategie zaznamenaly čistý odliv 12,5 mld. USD (odhad: odliv 5,56 mld. USD). Dluhopisové strategie naopak zaznamenaly čistý příliv 7,3 mld. USD (odhad: 4,68 mld. USD).
Komentář CEO Ted Pick, předseda představenstva a generální ředitel Morgan Stanley, uvedl: „Aktivní trhy a konzistentní exekuce napříč všemi třemi regiony přinesly výjimečné výsledky naší integrované firmě, s rekordními výnosy přes 21 mld. USD a rekordním EPS ve výši 3,46 USD. Vynikající výsledky v segmentu institucionálních cenných papírů byly taženy naší vedoucí franšízou v oblasti akciového obchodování s pokračujícím momentem v investičním bankovnictví a dluhopisech. Diferencovaný obsah našich výzkumných týmů nadále pohání vysokou úroveň klientského zapojení. Wealth Management přidal rekordních 148 mld. USD v čistých nových prostředcích, přičemž celková klientská aktiva napříč Wealth a Investment Management dosáhla milníku 10 bil. USD. Nadále navyšujeme kapitál, což nám dává dodatečnou flexibilitu investovat do našich klíčových byznysů a zároveň generovat silné výnosy pro akcionáře.“
Návrat kapitálu akcionářům Společnost v aktuálním kvartále odkoupila vlastní akcie v hodnotě 1,5 mld. USD (8 mil. akcií za průměrnou cenu 197,64 USD). Představenstvo zároveň znovu schválilo víceletý program zpětného odkupu akcií v objemu až 20 mld. USD bez stanoveného data ukončení, počínaje třetím čtvrtletím 2026, a rozhodlo o zvýšení čtvrtletní dividendy o 15 centů na 1,15 USD na akcii.
Akcie Morgan Stanley Akcie Morgan Stanley (MS) v předburzovní fázi obchodování rostou o 1,68 % na 231,50 USD.
Akcie Morgan Stanley (MS) před výsledky uzavřely na 227,67 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 359,1 P/E 18,3 Vývoj za letošní rok (%) +28,2 Očekávané P/E 18,7 52týdenní minimum (USD) 135,3 Prům. cílová cena (USD) 223,0 52týdenní maximum (USD) 232,1 Dividendový výnos (%) 1,8 Zdroj: Morgan Stanley, Bloomberg
LayerZero Addresses Theft Fears Head-OnCross-chain messaging protocol LayerZero (@LayerZero_Core) has moved to quash fears of a security breach, confirming that funds flagged as suspicious were not stolen. According to the protocol's own disclosure, the movements were carried out as part of "standard inventory operations" and do not represent a loss of user assets.
The team was clear on two points: funds are not at risk, and the executor wallet in question was not compromised. The statement came in response to circulating reports that suggested a potential exploit or unauthorised withdrawal had taken place.
What Is a LayerZero Executor and Why Does It Matter?The executor wallet sits at the centre of how LayerZero delivers messages across blockchains. Executors ensure the seamless execution of messages on the destination chain by following instructions set by the application owner on how to automatically deliver omnichain messages. In practical terms, an executor is an off-chain service that executes messages on the destination chain after verification. Because executor wallets handle destination-chain gas and delivery, they hold operational balances that can be moved in the ordinary course of protocol management, making routine withdrawals easy to misread from the outside.
It is also worth noting that, by design, even if all executors go offline, messages remain safe and can be delivered later, while verifiers cannot censor execution. This architectural separation between verification and execution is a core safety feature of LayerZero v2.
LayerZero is one of the more widely used cross-chain infrastructure layers in the market. The protocol is the messaging foundation behind more than 733 omnichain fungible tokens, including Tether's USDT0 and PayPal's PYUSD, that have collectively processed over $166.9 billion in cross-chain transfers.
For now, LayerZero says operations are normal and users have no cause for concern. The episode is a reminder of how quickly on-chain wallet movements can be misread, particularly for infrastructure protocols where operational wallets regularly cycle funds as part of day-to-day management.
Sources:
LayerZero Documentation: Executors
LayerZero Official Website
JP Morgan uvedla, že případná obnovená nabídka REA Group na Rightmove by přinesla jen asi 4% pozitivní dopad na EPS, což nepovažuje za atraktivní. Banka zároveň vidí u Rightmove omezený prostor pro růst a tlak na marže.
JP Morgan has run the numbers on a renewed bid for Rightmove PLC (LSE:RMV) by REA Group and concluded the deal would deliver little for the Australian buyer's shareholders.
The bank, in a note by analysts Marcus Diebel and Bob Chen, estimates a revived takeover would generate only around 4% earnings per share accretion, an outcome it does not consider attractive on a risk and reward basis.
REA, the Australian property portal majority owned by News Corp (NASDAQ:NWSA), walked away from Rightmove at the end of 2024 after four approaches were rejected.
Its final proposal valued Rightmove at 775p a share plus a 6p special dividend.
That now looks compelling against a share price of around 430p, JP Morgan said, a gap causing some frustration among Rightmove shareholders.
The bank attributes the weakness, which began in September 2025, to two factors.
Rightmove's management has acknowledged years of underinvestment, driving elevated spending needs this year.
The wider online classifieds sector has also de-rated sharply, trading about 43% below its own two-year average on forward enterprise value to earnings before interest, tax, depreciation and amortisation, at roughly 11.5 times against 20.0 times.
Investors are worried about disruption from artificial intelligence and further investment requirements across the sector.
JPM's leveraged buyout framework assumes News Corp (NASDAQ:NWSA), which owns 62% of REA, would be unlikely to accept dilution below 50%, and that a fully debt-financed structure is not feasible.
On a 65% debt and 35% equity funding mix, a 45% premium in line with the three-year average, and around three times leverage against net cash today, the accretion maths still falls short.
The bank sees limited appetite from private equity at this stage.
In a recent sector study, JP Morgan argued that near-term catalysts for a re-rating at Rightmove are limited and that earnings risk is skewed to the downside, with potential pressure on margins.
Virtuals Protocol na Robinhood Chain zavedl otevřený a bez povolení fungující mechanismus pro skládání více aktiv do jednoho tokenizovaného indexového koše. Tvůrci koše získávají poplatky pokaždé, když ho někdo mintuje.
A New Way to Bundle Assets on Robinhood Chain@Virtuals_io has introduced a new architecture on Robinhood Chain that allows users to aggregate multiple assets into a single, customizable token. The mechanism lets any participant combine several Robinhood-native assets, including $VIRTUAL, $CASHCAT, $ARROW, and $VEX, into a tokenized index basket, effectively bringing index fund logic on-chain.
The design is open and permissionless. Anyone can publish a composite asset, and as other users mint the basket, the creator earns passive protocol fees. This structure removes the need for a centralized index provider and distributes that role across the network.
Virtuals and Robinhood Chain: A Growing PartnershipThe index fund feature builds on a broader integration between the two platforms. Robinhood unveiled its mainnet on July 1, describing it as a fast, secure, AI-native blockchain built for real-world assets, with Virtuals confirmed as an infrastructure partner from day one. On July 10, Robinhood confirmed the infrastructure was officially live, enabling developers to begin building AI agents directly on the chain.
Virtuals Protocol is already one of the more active platforms in the tokenized AI agent space. The protocol describes itself as decentralized infrastructure enabling AI agents to conduct commerce, coordinate tasks, and generate economic value on-chain, with $VIRTUAL serving as the base liquidity pair across the ecosystem. The protocol's architecture is built around the Agent Commerce Protocol, a tokenization platform, and the GAME framework, a modular decision-making engine for autonomous agents.
The tokenized index feature extends this composability in a new direction, allowing users to construct and publish their own basket products rather than simply trading individual agent tokens. By earning fees each time another user mints the basket, index creators have a direct financial incentive to curate well-performing asset combinations, a model that mirrors passive income structures seen in traditional finance but executed entirely on-chain.
Sources:
Coinpedia: Virtuals Protocol price jumps 20% as Robinhood Chain integration fuels AI trading narrative
Datawallet: What is Virtuals Protocol?
QuickNode: Virtuals Protocol Builders Guide
Hyperliquid přidal před IPO perpetual na CXMT, který na trhu implikuje valuaci asi 535 miliard USD, tedy 526 % nad IPO cenou. Jde jen o syntetickou expozici, ne o vlastnictví akcií.
Hyperliquid has added a pre-IPO perpetual market linked to ChangXin Memory Technologies, or CXMT, giving traders synthetic exposure to the Chinese chipmaker before its Shanghai debut.
Summary
Hyperliquid listed a CXMT pre-IPO perpetual as the chipmaker prepares its July 27 Shanghai debut. CXMT’s contract price near $8 implied a $535 billion valuation, 526% above its IPO price. The market offers synthetic exposure, not ownership of CXMT shares listed on Shanghai’s STAR Market. The contract, listed as xyz, traded near $8 on July 15, according to on-chain market data cited by Hyperinsight. Applied to CXMT’s expected post-IPO share count of 66.881 billion shares, that price implies a valuation near $535 billion, about 6.3 times its official IPO valuation.
Hyperliquid Lists CXMT, Potentially A-Share’s Largest IPO and 4th-Largest DRAM Maker
Following the listing of the “CSI STAR Market 50 ETF”, Hyperliquid has officially added ChangXin Memory Technologies (CXMT). As A-share listings such as CXMT on the STAR Market require a RMB… pic.twitter.com/eGSQvziPpZ
— Wu Blockchain (@WuBlockchain) July 15, 2026 Hyperliquid opens a synthetic route to CXMT The CXMT contract operates through Hyperliquid’s HIP-3 framework, which allows outside deployers to create perpetual markets linked to assets beyond cryptocurrencies. These markets trade as derivatives rather than spot securities, so the CXMT contract does not provide ownership, dividends or voting rights in the Shanghai-listed company.
Individual investors on China’s STAR Market generally face a RMB 500,000 asset threshold and a two-year trading-experience requirement. Hyperliquid offers a separate synthetic market that can give eligible users price exposure without access to the underlying A-share. The distinction also means the contract price can differ sharply from CXMT’s official share price.
CXMT contract trades far above IPO valuation CXMT priced its IPO at RMB 8.66 per share and expects to raise about RMB 57.9 billion, or $8.55 billion, before any over-allotment option. Reuters reported that the deal will be Asia’s largest IPO of 2026 so far and China’s biggest A-share semiconductor offering, surpassing SMIC’s 2020 share sale.
At the offer price, CXMT’s expected post-listing value is about RMB 579.2 billion, or roughly $85.5 billion. A synthetic price near $8 implies about $535 billion, placing the Hyperliquid contract around 526% above the dollar equivalent of the IPO price. The gap reflects pricing in a separate derivatives market and does not set CXMT’s official equity valuation.
China’s largest DRAM maker prepares for listing CXMT is China’s largest DRAM producer and ranks fourth globally, behind Samsung Electronics, SK Hynix and Micron. Recent market estimates place its global DRAM share near 8%. The company has expanded as China invests heavily in domestic semiconductor production and demand for memory chips grows alongside artificial intelligence infrastructure.
Reuters also reported that CXMT secured a long-term memory supply agreement with Tencent worth more than RMB 20 billion, or about $2.94 billion. Investor subscriptions for the STAR Market offering begin on July 16, while the shares are scheduled to start trading in Shanghai on July 27. CXMT plans to use the IPO proceeds for production and technology investment.
Hyperliquid widens its real-world asset markets Hyperliquid’s HIP-3 framework allows builders to launch perpetual markets linked to stocks, commodities and other real-world assets. A pre-IPO SpaceX contract also traded through the framework, showing how on-chain derivatives can create markets around companies before their public shares become available.
Hyperliquid has also expanded its connection to tokenized securities. As reported by crypto.news, Ondo Finance brought 35 tokenized U.S. stocks and ETFs to HyperEVM in June. Those products differ from the CXMT perpetual because tokenized securities can use structures backed by assets held through custodians, while perpetuals provide synthetic price exposure.
The CXMT market gives traders another route to speculate on a major public offering before its debut. Attention will now turn to whether the 526% premium narrows before subscriptions start and after the underlying shares begin trading on the STAR Market.
Pump.fun released a total of 57.279 billion PUMP tokens worth $86.49 million at their first release from the lock-up. These tokens have been distributed among 121 wallets. This marks the start of a three-year vesting period for team and investor allocations. Pump.fun has reached the next stage in its roadmap for the team and investors. This milestone is in the wake of the expiration of the one-year lock-up period of the project. According to blockchain analysis firm EmberCN, Pump.fun issued a total of 57.279 billion PUMP tokens at its first unlock. The market value of the distributed allocation was approximately $86.49 million.
The tokens were distributed to 121 wallets instead of being concentrated in fewer numbers of wallets. The distribution process has officially begun the three-year vesting schedule for the team members and early investors. This unlock is considered the first unlock in the framework of the token distribution plan that has been created by the Pump.fun team. It is common practice to track vesting periods because they help gradually increase token circulation over time. Vesting periods differ from other distribution methods because tokens are released over several years rather than all at once.
— 余烬 (@EmberCN) July 15, 2026 Distribution Occurs after One-Year Lock-Up Period Ends Pump.fun has implemented a one-year lock-up during which no team and investor allocation was allowed to enter into circulation. After this lock-up ended, the project proceeded with its first intended distribution while retaining the vesting process that was previously announced. The distributed tokens became the first part of a three-year-long distribution period.
The number of 121 wallets involved shows that more than one address was allocated with the distributed tokens and that the tokens were not distributed to a single wallet. Blockchain analysts can trace these transactions by using blockchain explorers, as token allocations are transparent for supported blockchain networks.
The vesting periods ensure that the founders, contributors, and investors get access to the tokens allotted to them. Typically, the vesting periods can assist in preventing fast supply increases compared to other token distribution methods.
Market Keeps an Eye on Upcoming Vesting Events With the completion of the one-year lock-up period of one year for Pump. fun, the first unlock takes place at the start of its three-year vesting period. In the future, the token unlock events will occur according to the timeline set up. The market players will keep watching the upcoming unlock events.
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NOXA bylo dva po sobě jdoucí dny offline, takže ohrozilo rozhraní, přes které se na Robinhood Chain vybírají poplatky a zobrazují nové tokeny. CASHCAT přitom zůstává obchodovatelný a jeho tržní kapitalizace byla 226 milionů USD.
For five consecutive days, a launchpad that did not exist a month ago collected more protocol fees than Pump.fun. On its best day, NOXA took in $2.33 million while the Solana incumbent, the platform that has minted eleven million tokens and defined an entire market cycle, managed $575,500.
Summary
NOXA briefly out-earned Pump.fun and became Robinhood Chain’s dominant launchpad before its website went offline. CASHCAT’s $226 million market capitalization depends less on token mechanics than on attention, discovery, and launchpad infrastructure. The outage did not stop CASHCAT from trading, but it threatened the interface that drives creator fees, discovery, and momentum. Locked liquidity protects against one kind of rug, but it does not protect a memecoin from losing attention. The real test is whether NOXA’s interface, fee claims, and market share recover before competitors absorb its launchpad flow. NOXA had launched more than 60,000 tokens, captured roughly 75% of all deployments on Robinhood Chain, and pulled 267,642 unique wallets onto a network that went live on July 1. Its flagship asset, a cat themed memecoin named CASHCAT, had run to a market capitalization of $226 million.Then the website went down. It stayed down for two days.Not the chain. Not the pools. Not the tokens. The front end, the thing that made all of it legible, the interface where creators claimed fees and buyers found what was trending and the entire machinery of manufactured urgency lived. It returned an error, and it kept returning an error while the market it had built continued trading without it.
The official explanation is a Cloudflare problem. The team’s account remains active, telling users a new site is in testing and that creator fees will be claimable through the interface once it goes live. Nothing in the public record contradicts that account. Nothing in the public record confirms it either, and in a market where the base rate for launchpad tokens dying is somewhere around 98%, two days of silence from the infrastructure holding a nine figure ecosystem is not a neutral event. It is a live experiment in what a memecoin is actually worth when the machine that made it stops answering.That experiment has a number attached, and the number is $226 million.
Noxa the launchpad on Robinhood casually decided to rug and take down their website after making $10m in a week
They could've just kept it live and disappeared, they would've made more money
People can't even scam properly these days 😭😭😭 https://t.co/zj2gbXDQar
— Jeremy (@Jeremybtc) July 14, 2026 What CASHCAT is, and why it exists Cash Cat was the original name Robinhood’s founders considered for the company, a detail preserved in a decade old tweet from chief executive Vladimir Tenev and in an early mascot the brokerage used before it became a mainstream financial institution. When Robinhood launched its own layer 2 network on July 1, the mascot was sitting there, unclaimed, perfectly formed as a memecoin premise: the discarded name of a company now worth tens of billions, revived on that company’s own chain.
Somebody launched it on NOXA. It worked spectacularly. CASHCAT rose more than 5,530% over seven days and more than 1,400% in a single twenty four hour stretch, hitting an all time high near $0.1418 while bitcoin fell roughly 2% over the same window, which is the clearest possible evidence that nothing macro was driving it. Onchain analysts surfaced the trades that make these markets self sustaining: one wallet turned $838 into $1.05 million over twenty days, another converted $86 into $1.6 million. Tenev himself posted about the chain’s ability to host both memecoins and real world assets, and attention did the rest.
There were no exchange listings. There was no protocol upgrade, no partnership, no treasury, no roadmap, and no team in any conventional sense. There was a joke about a company’s abandoned name, deployed on that company’s chain, at the exact moment the chain became interesting. That is the entire fundamental basis of a $226 million asset, and stating it plainly is not a criticism. It is a description of the category, one that governs the whole meme coins sector and has for years. Attention was the product, and the product sold.
Công nhận chain Robinhood nhà giàu có khác.
Chỉ trong vòng chư đầy 1 tuần lễ con hàng top 1 meme CASHCAT đạt hơn 180M mcap.
Dòng tiền đang đổ dồn về Robinhood Chain volume mỗi ngày đâu đó toàn gần 1B$ trong lúc market đang down sml.
Nếu mà con hàng meme CASHCAT… pic.twitter.com/apGbjqhdXv
— LeDuc (@LeDuc_03) July 14, 2026 The launchpad that ate Robinhood Chain NOXA’s rise is the more revealing half of the story, because it exposes how much of a memecoin ecosystem is infrastructure rather than tokens.NOXA Fun is a hybrid launchpad. Where Pump.fun runs a custom bonding curve and migrates liquidity to an open exchange at graduation, NOXA deploys an ERC-20 and adds single sided liquidity to a Uniswap V3 pool in one transaction, making the token tradable on a public exchange from its first block. The liquidity position is locked permanently in a locker contract that never moves and cannot be pulled, which removes the classic liquidity drain rug and eliminates the migration window that has historically been the riskiest moment in a bonding curve launch. On its own terms the design is more conservative than the model it competes with, and understanding why requires knowing how liquidity pools and automated market makers actually work.
The platform layered on protections as it scaled: anti-vampire measures, anti-bundling detection, multi wallet controls, iterating fast enough that observers noted it week by week. Its native token, deployed on a different chain entirely and pending migration, carried a fully diluted valuation of $11 to $12 million after the team burned about 40% of supply, against $11 million in cumulative fees across four days. Pump.fun’s fully diluted valuation, for comparison, sits near $1.5 billion.
That gap is the valuation paradox the market has been arguing about all week. A platform earning at the rate of the category leader, valued at under 1% of it. There are three readings and they cannot all be right. The bullish one says the market has not repriced yet and NOXA is the most obvious mispricing on any chain. The structural one says fee run rates from a chain in its second week are not a business, they are a spike, and pricing a spike at Pump.fun multiples would be insane. The dark one says the discount is the market’s estimate of how likely the whole thing disappears.
Two days of downtime moved that argument out of theory.It is worth noting how quickly the market found the argument in the first place. Traders were circulating the fee-to-valuation gap within days of NOXA’s rise, framing it as an obvious mispricing against Pump.fun. That enthusiasm is itself information: a discount this visible on an asset this liquid is rarely a gift. Markets price launchpad tokens cheaply for the same reason they price mining stocks cheaply during a boom, because everyone can see that the current rate of extraction has nothing to do with the durable rate.
The mechanics of a two week fee explosion The scale of what NOXA collected deserves unpacking, because the number is doing something other than what it appears to do.Launchpads earn on activity. A creation fee when a token deploys, a share of trading fees on every swap through the pool, and in NOXA’s structure, fees flowing from Uniswap V3 positions at the 1% tier that the platform’s tokens use. None of that revenue depends on any token succeeding. It depends only on churn, and churn is exactly what a brand new chain with a retail audience and 19,000 daily deployments produces in abundance. Across four days the platform booked roughly $11 million against a token valued at $12 million, which reads as an obvious arbitrage until you ask the question underneath: is that four day rate a business or a weather event?
The comparison to Pump.fun cuts both ways here. Pump.fun’s $1.5 billion valuation rests on two years of proven durability across multiple attention cycles, a graduated exchange of its own, a completed billion dollar token sale, and a fee base that survived the collapse of the memecoin mania that created it. NOXA has a fortnight, on a chain with a fortnight, in the single most favorable conditions any launchpad will ever see: a novel network, a mainstream brand halo, no competitors holding entrenched positions, and a flagship token running 5,000% in a week. Annualizing that is not analysis. It is extrapolation from a peak.
Which is why the outage is such an efficient test. If the fee run rate was a business, it survives two days offline and resumes. If it was a weather event, the two days are the whole event, and the rate never returns because the conditions that produced it were never repeatable. The market gets its answer within a week, and it gets it cheaply, which almost never happens in this asset class.
What the outage actually threatens Here is the part that matters for CASHCAT holders, and it is more subtle than it first appears.The tokens are fine. That is not a reassurance; it is a technical fact with sharp edges. CASHCAT is an ERC-20 on Robinhood Chain, trading against a Uniswap V3 pool whose liquidity is locked in a contract that operates whether or not anyone can load a website. Uniswap does not need NOXA. The chain does not need NOXA. Any wallet can interact with the pool directly, and any aggregator can route to it without the launchpad’s involvement or permission. In the strict sense, a launchpad outage cannot touch the assets it launched, and anyone claiming CASHCAT holders are trapped has confused the interface with the market.
What the outage threatens is everything around the token. Creator fees accrue through the platform, and the team’s own statement acknowledges that claiming them requires the interface, meaning revenue owed to thousands of token deployers currently sits behind a domain that does not resolve. Discovery collapses without the front end: new tokens launch elsewhere, existing tokens lose the trending feeds and progress bars that manufacture the urgency these markets run on. And the flywheel reverses. Onchain data already showed new memecoin creation on Robinhood Chain climbing past 19,500 in a day while competing launchpads including flap.sh, trensh.today, and bankr absorbed share that NOXA could not defend from behind an error page.
So the honest framing of the risk is not that CASHCAT stops trading. It is that CASHCAT stops mattering. A memecoin’s value is the attention flowing through it, the attention is manufactured by an interface, and the interface has been offline for the two most valuable days a two week old ecosystem will ever have.
🔥 Cuộc chiến meme trên Robinhood đang cực kì căng thẳng. Đâu sẽ là cái tên thay thế vị trí Noxa để lại ?
Ngay sau khi Noxa tuyên bố shutdown rất nhiều meme đã dump vì user thất vọng với dự án
Rất nhiều Kols đang thi nhau shill con hàng $Marian như là kẻ thay… https://t.co/fmDwc9qbmb pic.twitter.com/EQ6U6vKi6H
— HC Gem Alerts (@HCGemAlerts) July 15, 2026 Is this a rug? The question is being asked openly, and it deserves a rigorous answer rather than a vibe.Take the case for calm first. The team is publicly communicating during the outage, which is close to disqualifying as rug behavior: the defining feature of an exit is silence, deleted accounts, and vanished channels, not status updates about a staging environment. Liquidity is locked by design and cannot be withdrawn, so the single most common rug mechanism is architecturally unavailable here. The platform burned 40% of its own token supply days before going dark, an odd move for anyone planning to sell the rest. Cloudflare outages are real, routine, and have taken down far larger properties than a two week old launchpad. And the underlying economics are absurd for an exit: a platform earning millions in fees per day has vastly more to gain from staying online than from disappearing with whatever sits in a fee contract.
Now the case for concern. Two days is a long outage for an infrastructure problem that the operator attributes to a third party content delivery network, and it is exactly as long as it takes for competitors to take a market. Creator fees being unclaimable during the outage means real money is unreachable for real users, whatever the cause, and the promise to make them claimable “once the new site goes live” converts a technical failure into a trust exposure with no deadline attached. The platform’s own token lives on a different chain pending migration, which is an added moving part at precisely the wrong moment. And the category’s history is unkind: the industry’s canonical rug taxonomy distinguishes hard rugs, where developers vanish, from soft rugs, where involvement gradually decays while the thing quietly dies, and soft rugs look exactly like an infrastructure problem that never quite resolves.
The evidence, weighed honestly, favors the boring explanation. A team executing an exit does not typically burn its own supply, lock its liquidity permanently, post status updates, and abandon a business printing seven figures a day. But the market is not pricing the probability of a rug. It is pricing the probability of irrelevance, which is a different and much higher number, and two days offline in a launchpad war is how irrelevance starts.
There is also a category error worth naming, because it is corrupting the discourse around this. A rug is an act by an identifiable party who takes something they controlled and should not have taken. A collapse is a market outcome in which nobody did anything wrong and the money disappears regardless. Memecoin markets produce collapses at overwhelming rates without any fraud involved, which means most tokens that go to zero were never rugged, they were simply correct valuations of nothing arriving on schedule. Applying the word rug to a launchpad outage flattens that distinction and, more practically, sets holders up to look for the wrong evidence. They watch for a villain when the thing actually killing their position is indifference.
What would settle it is specific and observable. Watch whether the new interface ships and creator fees actually become claimable. Watch whether NOXA’s fee share recovers or whether flap.sh and its peers keep the ground. Watch the team’s wallets. Watch whether Robinhood Chain’s daily token creation stays near Solana’s or reverts once the novelty burns off. None of those require trusting anyone’s statement.
What the numbers actually say about the ecosystem Look past the fees at the composition of the activity, and a less flattering picture emerges.More than 60,000 tokens launched through NOXA. Of those, the platform’s own interface displays a handful with meaningful market capitalizations, headed by CASHCAT, with the rest of the visible field clustering in the hundreds of thousands or low millions and the long tail invisible entirely. Peak single day volume of $252.9 million across the platform, with a single project accounting for $224 million of a comparable day, means the flagship was not one asset among many. It was the market, and everything else was noise around it.
That concentration is the ecosystem’s actual risk profile. A launchpad whose fee base is one token’s trading is not a platform, it is a single asset’s plumbing, and its revenue lives or dies with the attention on that one asset. The 640,000 unique holder addresses and 267,000 wallets NOXA brought onto Robinhood Chain are impressive as a distribution achievement and mostly irrelevant as a durability signal, because holders of a token that ran 5,000% in a week are not users, they are a queue.
None of this is unique to NOXA. It describes Pump.fun’s first year, Four.Meme’s ascendancy, LetsBonk’s arrival, and every launchpad that has ever briefly topped a fee chart. What is unique here is the timing: a platform reached that concentration and then lost its interface, in the same fortnight, on a chain that had no proven alternative for anyone to fall back to. The stress test arrived before the structure was finished.
The dependency nobody priced Strip the specifics away and the CASHCAT situation exposes a structural feature of this entire market that the fair launch ideology obscures.
The pitch for permissionless launchpads is that they remove intermediaries. No gatekeepers, no vetting, no company standing between a creator and a market. Bonding curves and locked liquidity mean the platform cannot rug you, which the industry has treated as the end of the argument about platform risk.
It is not. The platform cannot take your tokens, and it does not have to. It can simply stop generating the attention that gives them value, and the tokens will die exactly as thoroughly as if it had drained the pool. Locked liquidity protects the mechanism and does nothing for the market. A permanently locked Uniswap position holding a token nobody is looking at is a monument, not an asset. The lock guarantees you can always sell. It guarantees nothing about whether anyone will be there to buy, and those are the only two facts that matter, in that order.
This is the same lesson that keeps arriving in different costumes. When a DAO’s treasury drained through a governance process working exactly as designed, the failure was not in the code, a dynamic crypto.news traced in detail in its account of how BonkDAO lost $20 million in a single vote. When BNB Chain’s Four.Meme briefly flipped Pump.fun on daily revenue, the lesson was that launchpad dominance is a function of where attention currently lives and nothing more durable than that. Infrastructure risk in crypto is rarely custodial. It is attentional, and no audit measures it.
CASHCAT holders own an asset with permanently locked liquidity on a chain backed by a publicly traded brokerage, launched through a platform with better rug protections than the category leader, and every one of those facts is true and none of them answers the only question that determines their outcome, which is whether anyone is still looking in a month.
Robinhood’s problem, arriving on schedule There is a second party to this that has said nothing, and its position gets more uncomfortable by the day.Robinhood Chain launched as infrastructure for onchain finance and real world asset tokenization. What it got in its first fortnight was a memecoin casino, more than $3 billion in decentralized exchange volume, honeypot tokens proliferating fast enough that cross chain provider Relay Protocol began publicly blocking them, and a scam token that used the hijacked accounts of SpaceX and Starlink to rob buyers on its rails, an episode that arrived within weeks of SpaceX joining the Nasdaq-100 with its trade already running on crypto rails. NOXA, the largest single application on the chain, states plainly in its own interface that it is an independent project not affiliated with Robinhood Markets.
That disclaimer is doing an enormous amount of work. It is legally accurate and commercially irrelevant. A retail brokerage’s brand is on the chain, retail users are the audience, and the flagship asset of the ecosystem is literally named after the company’s original name and modeled on its own former mascot. Robinhood did not build CASHCAT, did not endorse it, and under the architecture it chose, cannot remove it. It will nonetheless own every consequence in the public reading, and its silence through both the SCATMAN affair and the NOXA outage suggests a company that has not decided what it wants to say, or has decided that saying anything invites the responsibility it structured the chain to avoid.
The permissionless design that made the chain’s launch explosive is the same design that makes the next fortnight unmanageable. That is not a contradiction anyone has solved, on any chain, including the ones without a brokerage’s name on them.
Where this lands Three outcomes are live, and the market is currently paying for the middle one.NOXA returns, ships the new interface, unlocks creator fees, and reclaims its share. The outage becomes a footnote, the valuation paradox resolves upward, and CASHCAT trades on whatever attention Robinhood Chain retains once its novelty is priced. This is the likeliest single outcome and the least interesting.
NOXA returns and the market has moved. The fees flowed to flap.sh and the rest during the blackout, the trending feeds rebuilt themselves elsewhere, and NOXA is a large historical fee number attached to a platform nobody defaults to anymore. CASHCAT survives as an artifact of a moment, drifting on whatever residual community persists. This is the outcome that history most often delivers, because attention is the least loyal asset in this market and switching costs between launchpads are effectively zero. A creator chooses a platform in seconds and abandons it just as fast.
NOXA does not return in a form anyone trusts. The creator fees stay unclaimed, the explanation stays thin, and a two week old chain learns that its dominant application was a single point of failure with a status page. CASHCAT’s locked liquidity keeps a market technically alive at a price that reflects nobody caring.
The tokens survive all three scenarios. That is precisely the point that the fair launch pitch never quite says out loud: survival of the contract and survival of the value are unrelated propositions, and the second one depends entirely on infrastructure that owes its users nothing and can go dark for two days without breaking a single promise it ever made.The $226 million question is not whether CASHCAT can still be traded. It is whether $226 million was ever a fact about the token, or a fact about the launchpad, briefly measured through it.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Figures on protocol fees, token counts, market capitalizations, and wallet activity derive from third party sources including DefiLlama, Dune, Lookonchain, and platform interfaces, not from audited disclosures. No rug pull has been confirmed and the platform attributes its outage to a third party service failure. Details reflect information current as of July 14, 2026, and are subject to change. Always do your own research.
PUMP i přes uvolnění tokenů za 76 milionů USD vyskočil o 11 % díky slabší americké inflaci. Tým zatím rozdistribuoval jen 52 miliard PUMP za 76 milionů USD.
The native token of the Solana memecoin launchpad Pump.fun, PUMP, surged over 10% despite the massive token unlock finalized on the 14th of July. The recent token unlock began on the 12th of July, with 54 billion PUMP tokens (5.4% of supply and worth $86 million) for team members.
Another tranche of 35 billion PUMP (worth $56 million) was also released for existing investors. That’s about 89 billion PUMP tokens worth $142 million that could easily trigger massive selling pressure.
As of writing, only 52 billion PUMP tokens (worth $76 million) had been distributed to team members. However, half of the $142 million unlocked tokens remained a massive overhang that could weigh on the market.
Will PUMP’s rally falter amid a $142M supply overhang? On the contrary, the token price blasted 11%, bringing its weekly recovery gains to over 20%. The rally was partly driven by a broader market relief bounce after a softer U.S. inflation print eased Fed rate hike fears.
Source: PUMP/USDT, TradingView But the overhang could quickly reemerge if the broader relief bounce fades. Notably, an analyst warned further wallet distributions were likely in the coming days. If the recipients sell their received tokens, the additional supply could put pressure on PUMP’s price.
On the price chart, the token touched the upper Bollinger Band (BB) near $0.00016 as of writing. Any short-term pullback would likely retest the immediate support (white) at $0.00014 or the lower BB band.
PUMP faces an 18x supply overhang Worth pointing out that PUMP has recorded aggressive buybacks, which have cleared 15% of the circulating supply. Currently, the project is removing an average of 5 billion PUMP tokens per month.
Compared to the total of 89 billion PUMP tokens unlocked, that would be 18x more supply overhang than the current buyback pace. So, if the entire tranche of released tokens hits the market in the coming days, the pressure could drag the PUMP price lower.
Source: Blockworks (PUMP buyback) That said, there was only a minimal distribution from whale wallets with 1 million PUMP and 1 billion PUMP tokens (small dips in lines).
This meant spot selling pressure was still minimal, at least as of writing. However, if they offload more of the unlocked tokens, the recent recovery will likely stall.
Source: Santiment Final Summary PUMP defied a $76 million token unlock distributed to team members and rallied 11% thanks to softer U.S. inflation data. However, there was an 18x more supply overhang than the PUMP buyback rate, which could exert pressure if more team members sell their tokens.
Galaxy Digital Head of Research Alex Thorn stated that between 2024 and 2025, a significant volume of long-dormant Bitcoin (BTC) was reactivated and transferred on-chain, with the activity’s scale second only to 2017. He noted that the "Great Distribution" phase driven by this wave of old BTC reactivation has now largely concluded, and it is projected that the number of BTC reactivated in 2026 will be less than half of the 2025 figure.
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XRPL EVM sidechain po roce drží jen 25 741 USD TVL a za posledních 24 hodin i 7 dní vykázal nulový objem obchodů. Původní odhad 600 milionů až 12 miliard USD se nenaplnil.
In June 2025, a week before the XRP Ledger’s EVM sidechain went live, the team building it published the arithmetic of what was coming. Polygon had contributed somewhere between $2 billion and $6 billion in total value locked to Ethereum, up to a tenth of the whole.
Summary
The XRPL EVM sidechain promised a $600 million to $12 billion TVL uplift but holds only $25,741 after one year. The chain is technically live, audited, and maintained, but almost no users or capital have arrived. Moai Finance has recorded just $95,008 in cumulative spot volume across the sidechain’s entire existence. XRPL’s institutional mainnet activity grew while permissionless EVM DeFi failed to gain traction. The result suggests EVM compatibility alone does not create demand without users already waiting for cheaper or better execution. If the XRPL EVM sidechain matched that trajectory, the post argued, the uplift to the XRP Ledger would run from $600 million to $12 billion, and it would fundamentally change the demand curve for XRP. Ninety entities were already building. Sixty days of testnet had pulled in developers who had never touched the XRP ecosystem. The technology was ready. The builders were here.The sidechain launched on June 30, 2025. The anniversary passed two weeks ago.
As of July 14, 2026, total value locked on the XRPL EVM sidechain is $25,741, according to DefiLlama. Chain fees over the past 24 hours: zero. Chain revenue: zero. Decentralized exchange volume over 24 hours: zero. Over seven days: also zero. The largest protocol on the chain, a decentralized exchange called XRiSE33 Network, holds $11,909. The second largest, a launchpad named Riddle, holds $8,831. Moai Finance, the only protocol on the chain that has ever recorded meaningful trading, has done $95,008 in cumulative spot volume across its entire existence and currently holds $1,117.
The low end of the projection was $600 million. The delivery is $25,741. That is not a shortfall. It is a rounding error against a rounding error, and it is the most instructive number in the XRP ecosystem right now, because of what else the same ledger accomplished during the same twelve months.
What was actually built The technical work was not the problem, and it is worth stating that clearly before the autopsy.The XRPL EVM sidechain is a Cosmos SDK chain running Ethereum Virtual Machine compatibility, connected to the XRP Ledger mainnet through the Axelar bridge, which links more than eighty networks. XRP is the native gas token. Bridged XRP locks on mainnet and mints a synthetic version on the sidechain, so the design preserves mainnet supply integrity while freeing the asset for smart contract use. Consensus is proof of authority, targeting up to 1,000 transactions per second at fees far below Ethereum’s. Squid handles cross-chain transfers as the official interface. Band Protocol supplies oracles, Grove supplies public RPC endpoints. Wormhole integration was slated to follow, extending reach to more than 200 applications across 35 ecosystems.
Ripple built it with Peersyst and contributors from the Cosmos community. crypto.news covered the mainnet launch on June 30, 2025, where Ripple’s David Schwartz framed the sidechain as extending the ecosystem without altering what makes the XRP Ledger reliable. The launch roster included Strobe, a money market for lending and overcollateralized borrowing; Securd, a lending protocol for financing collateralized leverage; Vertex, a derivatives venue; plus Moai, Elys, XRise, and Hammy. The infrastructure was audited end to end. Subsequent releases hardened it further, with a v11 upgrade focused on economic security, IBC transfer hardening, and proof of authority validator management, and an upgrade to Cosmos EVM v0.4.1 adding ERC-20 mint and burn plus current Ethereum improvement proposals.
None of that is vaporware. Every component works. Someone can bridge XRP to the sidechain right now, deploy a Solidity contract, and trade on a decentralized exchange. The chain is live, secure, and functionally complete.It is also empty.That is the part worth sitting with, because it inverts the usual crypto post-mortem. The standard failure story is a project that promised more than it could build: the whitepaper outran the engineers, the deadlines slipped, the product never shipped or shipped broken. XRPL EVM shipped, on schedule, working, audited, and maintained through multiple upgrades over the following year. Every promise about the technology was kept. The only promise that failed was the one about people.
The decline, measured The most damning fact is not the small number. It is the direction.In August 2025, roughly six weeks after launch, DefiLlama showed the sidechain hosting three decentralized exchanges and a single launchpad, with combined total value locked of $100,818. Twenty four hour volume across the entire chain was $3,238, every dollar of it from Moai Finance. Riddle, XRiSE33 Network, and SurgeDefi recorded no trading activity whatsoever. Developer data at the time counted 168 developers on XRPL EVM against 8,448 on Ethereum, a gap of roughly 98%.
That was the bad news at six weeks. Today, eleven months later, total value locked is $25,741. The chain lost roughly three quarters of the little it had. The protocol count is nominally higher, with Midas RWA, Hyperithm, Portal, Axelar, and an NFT marketplace called Mintiq now listed, but every one of those additions reports zero total value locked on this chain. They are multi-chain protocols that support XRPL EVM the way a restaurant supports a dietary restriction: the option exists on the menu and nobody orders it.
The volume figures are what turn an underperformance into something stranger. Zero over 24 hours. Zero over seven days. Moai Finance, the chain’s only functioning exchange by any historical measure, shows $95,008 in cumulative volume since inception. Not per day. Total, across a year of operation, on the flagship DeFi venue of a chain built for a token with a market capitalization near $68 billion.
A chain with $25,741 of capital and no trading is not a slow start. It is a chain nobody is using, and the trend line says that fewer people are using it every month.For scale, the entire TVL of the sidechain is currently less than the value of roughly 24,000 XRP. Ripple releases a billion tokens from escrow on the first of every month. The whole DeFi economy built on top of the XRP Ledger, through the official sidechain, could be funded out of forty thousandths of a single monthly escrow tranche.
Who was supposed to show up Reading the launch roster a year later is the clearest way to see what went wrong, because the roster was not thin. It was specific.Strobe was announced as a money market for lending and overcollateralized borrowing on XRPL. Securd was to provide passive income by financing collateralized leverage across DeFi positions. Vertex was a derivatives platform optimizing capital efficiency. Between them, those three cover the load-bearing categories of any DeFi economy: lending, leverage, and derivatives. Add a decentralized exchange for spot, an oracle from Band, RPC infrastructure from Grove, and a cross-chain interface from Squid, and the stack on paper was complete. Nothing essential was missing.
Today none of those three names appears among the protocols holding capital on the chain. The entire TVL sits in two decentralized exchanges and a launchpad. The lending market that would have made bridged XRP productive, the derivatives venue that would have given traders a reason to keep collateral there, the leverage layer that generates the recursive deposits which inflate every chain’s TVL figure: none of it materialized in a form anyone funded.
That absence explains the volume better than any macro argument. A chain with only spot DEXs and no credit has no reason to hold capital between trades. Money arrives, swaps, and leaves. On chains where TVL compounds, it compounds because deposits are collateral, collateral is borrowed against, and the borrowings are redeposited. Without a lending market, TVL is just the float sitting in a few pools, and $25,741 is what that float looks like when almost nobody is swapping.
The irony is precise. The lending layer the sidechain needed and never got is now being built on the mainnet instead, in a permissioned, institutionally underwritten form that has nothing to do with the EVM. The sidechain was the place DeFi was supposed to happen. Credit went somewhere else, and the sidechain was left holding the part of DeFi that cannot sustain itself alone.
Why the projection was never plausible The Polygon comparison that produced the $600 million to $12 billion range deserves scrutiny, because in retrospect it was comparing two things that share almost no structural features.
Polygon captured Ethereum overflow. It existed because Ethereum’s fees became unbearable during periods of intense demand, and there was a vast population of users and developers already transacting on Ethereum who wanted the same applications for less money. The demand preceded the chain. Polygon did not create appetite for DeFi; it captured appetite that already existed and had nowhere cheaper to go. Add hundreds of millions of dollars in liquidity incentives and a mature Ethereum tooling ecosystem that ported over with a config change, and the TVL followed the demand.
XRPL EVM inverted every one of those conditions. There was no congestion to relieve, because the XRP Ledger has never been congested. There was no population of XRPL DeFi users seeking cheaper execution, because XRPL DeFi barely existed: the ledger’s total value locked has run under 0.05% of its market capitalization, against roughly 20% for Ethereum and 10% for Solana. That statistic was cited in the launch material as the size of the opportunity. It is more accurately read as the size of the demand problem.
Six million XRPL wallet holders were presented as a distribution advantage, but they were six million holders of a payments asset who had spent a decade not asking for smart contracts. The sidechain did not remove a barrier between XRP holders and DeFi. It tested whether the barrier was the reason, and the answer came back no.The Peersyst material was explicit that testnet momentum arrived organically, without incentives or paid marketing, and treated that as evidence of underlying pull. Ninety logos on a testnet is a real signal of developer curiosity. It is not a signal of user demand, and the distinction is the whole story: developers show up to explore new chains constantly, at near zero cost, and the tourism ends when nobody trades.
The comparison that hurts Here is why this matters beyond a dead sidechain: the XRP Ledger had an extraordinary year, on the mainnet, at exactly the same time.
Tokenized real-world assets on the XRP Ledger grew from under a billion dollars at the start of 2026 to roughly $3.5 billion, and the ledger has led the market on 90-day RWA inflows, adding $1.9 billion. In May 2026, Ondo Finance executed the first cross-border, cross-bank redemption of tokenized United States Treasuries on the XRPL, clearing in seconds, with JPMorgan and Mastercard involved in the surrounding work. RLUSD grew past a $1.5 billion market capitalization. The native automated market maker and multi-purpose token amendments both passed validator votes. The XLS-65 and XLS-66 lending amendments are in validator voting now, an effort crypto.news examined in its analysis of what on-chain credit would mean for XRP.
The mainnet, in other words, went and built exactly the thing the sidechain was supposed to enable, using its own native primitives, aimed at institutions instead of Solidity developers, and it worked. Institutional tokenization found the XRP Ledger without an EVM. Permissionless DeFi did not find it with one.
That contrast reframes the sidechain from a failed product into a resolved question. The bet was that XRPL’s problem was programmability, and that giving Ethereum developers a familiar environment on top of XRP liquidity would unlock a DeFi economy. Twelve months of data says the problem was never programmability. It was that the XRP ecosystem’s actual demand is institutional settlement, and institutional settlement does not want an EVM sidechain with proof of authority consensus and a bridge. It wants permissioned pools, credentialed counterparties, and off-chain underwriting, which is precisely what the mainnet amendments deliver.
Notice also where XRP-adjacent DeFi capital actually went. VivoPower allocated $100 million through Flare, a separate network built specifically to give XRP holders DeFi access, rather than through Ripple’s own sidechain. When money did move toward XRP DeFi, it routed around the official product.
The case that this is unfair The bearish read above deserves an honest counterweight, and there is a real one.Timing first. The sidechain launched on June 30, 2025, roughly three weeks before XRP’s cycle high near $3.65, and spent its entire first year inside the worst crypto drawdown since 2022. Bitcoin fell more than 40% from its October peak. Digital asset funds ran multi-billion dollar outflow streaks. Three consecutive losing quarters, the longest streak since the last bear market, with institutional capital rotating into artificial intelligence equities. TVL across the market compressed. Judging a new chain’s ecosystem formation against a projection written in a bull market, and measured entirely inside a bear market, stacks the comparison. Polygon’s $2 billion to $6 billion was built during a mania.
Second, no incentives. Polygon’s TVL was purchased. Hundreds of millions in liquidity mining subsidies pulled capital that largely left when the subsidies stopped. XRPL EVM launched with none, which is defensible as a matter of discipline and fatal as a matter of cold-start economics. Liquidity begets liquidity, and a chain with $25,741 cannot attract a trader who needs to move $50,000 without moving the price against themselves. Every DeFi ecosystem that reached scale bought its first users. Refusing to do so is a choice with predictable consequences, not evidence that the underlying idea is wrong.
Third, sequencing. The credit layer was always the point. RippleX’s own framing describes a deliberate progression: represent value, move value, trade value, finance value. The lending amendments now in voting are the fourth step, and they are being built on the mainnet with institutional design constraints, not on the sidechain. If the strategy is institutional DeFi rather than retail DeFi, then the sidechain was never the main line. It was an option that Ripple bought cheaply, and options that expire worthless are still rational to have purchased.
Fourth, the infrastructure persists. A chain is not a startup that folds. It runs, it gets upgraded, and it costs almost nothing to leave running. If the market turns, if incentives arrive, if a single application finds product-market fit, the environment is there, audited and connected to eighty networks. Twelve months is a short window for infrastructure that took years to build.
Fifth, and least comfortable for the bears: the metric itself is contested. Total value locked measures deposited capital, not usefulness, and it is trivially gamed by recursive lending and mercenary liquidity on chains that do buy their numbers. A chain with honest, unincentivized TVL of $25,741 and a chain with subsidized TVL of $500 million are not obviously ranked the way the figures suggest. That argument does not rescue XRPL EVM, because zero volume is not a metrics artifact, but it is a fair caution against treating one number as a verdict on an entire architecture.
The case that it is worse than it looks Now the harder reading, which the numbers support more directly.The bear market explains compression. It does not explain zero. Solana’s memecoin economy generated tens of billions of dollars of volume through the same drawdown. Robinhood Chain launched on July 1, 2026 into the identical macro and did more than $3 billion in decentralized exchange volume in two weeks, with 19,586 tokens created on a single day. Hyperliquid, Base, and BNB Chain all sustained real activity. Capital did not stop moving in 2026. It moved somewhere else. The absence of incentives explains a smaller number; it does not explain a chain where the flagship exchange has done $95,000 in trading across its entire existence while a two-week-old competitor chain did $3 billion.The declining trend is the tell. $100,818 in August 2025 to $25,741 in July 2026 is not a chain waiting for conditions to improve. It is a chain being abandoned by the little capital that tried it. Bear markets thin the field; they do not usually take three quarters of the liquidity from a chain that started with almost none.
And the developer number from August was the leading indicator everyone skipped: 168 developers against Ethereum’s 8,448. Chains are not built by logos on a testnet. They are built by people shipping applications that someone wants to use, and the ratio said, six weeks in, that the ninety entities had not converted into an ecosystem. The launch roster is the proof. Strobe, Securd, Vertex: named as launch partners, and today the chain’s entire TVL sits in two DEXs and a launchpad nobody trades on. The applications that were supposed to give the chain a reason to exist either never shipped at scale or shipped and found nobody.
The strategic cost is subtler than the wasted engineering. For a year, “XRPfi” and the EVM sidechain functioned as an answer to the hardest question about XRP, which is how any of Ripple’s progress reaches the token. The sidechain made XRP the gas asset of a DeFi economy, which would have generated real, recurring token demand. That answer is now empirically closed, and it closes at the same moment as the structural finding that most of Ripple’s bank partners never touch XRP at all. Two of the three main value-accrual arguments for the token have now been tested against data in the same quarter. Both came back thin.
What the $25,741 is actually evidence of Step back from XRP entirely, because the finding generalizes.The industry has spent five years treating EVM compatibility as a growth strategy. The reasoning is seductive: Ethereum has the developers, the tooling, the mental models, and the applications, so any chain that speaks Solidity inherits access to all of it at the cost of an engineering project. Dozens of chains have run this play. A few worked. Most produced exactly what XRPL EVM produced, which is a technically excellent environment with nobody in it.
The reason is that EVM compatibility removes a supply-side constraint and does nothing to the demand side. It makes building easier. It does not make anyone want the thing built. When a chain has organic demand and a technical barrier, removing the barrier unlocks enormous value, which is the Polygon story and the Arbitrum story. When a chain has a technical option and no demand, removing the barrier produces an empty room with excellent acoustics.
The diagnostic question is therefore simple and almost never asked before a chain commits to the work: is there a queue? Not a waiting list of developers, who are cheap to attract and cost nothing to lose, but users currently doing the thing somewhere worse and paying for the privilege. Polygon had a queue. Arbitrum had a queue. XRPL EVM had a hypothesis that six million payment-asset holders would become DeFi users once the tooling arrived, and hypotheses are not queues.
XRPL had the cleanest possible version of the test. Six million wallets. A top-ten asset. Twelve years of uptime. Deep liquidity. Real regulatory standing. A functioning native DEX. Every input the thesis requires, and a year later the DeFi economy built on top of it holds less capital than a used car. If EVM compatibility were the unlock, it would have worked here. The mechanics of liquidity pools and automated market makers are identical on XRPL EVM to what they are on Ethereum. The pools are simply empty, because pools are filled by people who want something, and nobody wanted this.
The lesson costs Ripple very little and should cost the next chain a great deal. The company retained an option, learned that its DeFi demand is institutional rather than permissionless, and redirected to native amendments aimed at exactly that. That is a reasonable outcome from a cheap experiment. The problem belongs to everyone still pitching an EVM layer as a demand strategy, because the most rigorous public test of that thesis just returned $25,741 and no volume, and the DeFi industry has not noticed.
The number to remember The projection was $600 million to $12 billion. The delivery is $25,741 and zero trading volume, twelve months later, on a chain that works perfectly.That gap is not a failure of engineering, marketing, timing, or macro, though each contributed at the margin. It is a measurement. Somebody asked, with real money and real code and a well-built product, whether the XRP ecosystem wanted permissionless DeFi. The ecosystem answered. The answer was no, and it took a year and a nine-figure projection to hear a number that fits on a single line of a spreadsheet.
XRPL’s institutional story is doing better than it has ever done. Its DeFi story is a chain with $25,741 on it and nobody trading. Both of those things are true at once, and anyone building a thesis on XRP needs to hold both, because the second one used to be an argument and is now just a data point.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Total value locked, volume, and protocol figures are drawn from DefiLlama as of July 14, 2026, and change continuously; TVL is a contested metric and methodologies differ between trackers. Historical figures are attributed to the sources that reported them at the time. Projections cited were published by the sidechain’s development team and are not forecasts by crypto.news. Details reflect information current as of July 14, 2026. Always do your own research.
XRP během sledované seance vzrostl o 3,45 % na 1,10 USD. Zároveň senátorka Cynthia Lummis uvedla, že upravený návrh CLARITY Act může být předložen během několika dnů.
XRP price rose 3.45% to $1.10 during the reported session, following renewed strength across the cryptocurrency market.
The XRP token surged past $1.10 as buyers responded to the increasing stablecoin operations on the XRP Ledger. The supply of RLUSD has gradually migrated to XRPL, which has contributed to higher network usage and transaction demand expectations.
Meanwhile, legislators in the United States are working on another significant effort to promote digital asset market structure law. Senator Cynthia Lummis said revised CLARITY Act text could be introduced within days after nearly ten months of negotiations.
CLARITY Act Faces Crucial Senate Test Lummis said lawmakers are ready to move the proposal forward during four consecutive Senate working weeks. She would like the bill enacted prior to the start of the August 7 recess of the chamber.
Nevertheless, the ultimate floor schedule is determined by Senate Majority Leader John Thune. It is reported that the lawmakers might start discussing the bill next week, July 20.
Lummis says CLARITY text lands in days
Senator Lummis (@SenLummis) says the Senate will introduce CLARITY Act text within days and wants it passed before the August 7 recess. “It’s time to land this plane,” she said on Fox Business, capping nearly 10 months of work. Floor action… pic.twitter.com/57k9UxU1Jc
— BSCN (@BSCNews) July 14, 2026
The measure faces growing resistance from Democratic Senators Chris Murphy, Jeff Merkley, and Chris Van Hollen. According to them, the current proposal is deficient in the form of powerful rules of ethics to deal with the senior government officials and cryptocurrency interests.
Their protests are partly related to the reported crypto income and business ties of President Donald Trump. The senators warned that they might be able to vote against the bill unless significant conflict protections are included.
Democratic support is critical to the eventual passage of the bill as it may require 60 votes in the Senate. Additional contention may paralyze the floor procedure or force additional deliberations prior to a vote of decisiveness.
XRP Price Prediction: Will Bulls Extend To $1.20 Soon? The MACD line has crossed its signal line, and the green histogram bars are still growing. The Chaikin Money Flow is 0.14, which validates positive capital inflows.
A confirmed four-hour close above $1.12 could push the XRP price outlook toward the $1.15 resistance level.
Tradingview A Breaking $1.15 can allow a greater climb into the larger target of $1.20. Nevertheless, the next rejection at around $1.12 might postpone the bullish continuation and prolong the consolidation.
The $1.07 level remains the main support during any pullback. The loss of this area might reveal $1.05 and weaken the existing recovery structure.
XRP ETF Market Stalls Daily While Total Inflows Hit $1.48B According to SoSoValue data, XRP ETF products showed no net inflows in terms of daily net inflows on July 14. But cumulative net inflows were still high at 1.48 billion in the listed funds. The total trading value was the amount of 13.47 million, and combined net assets were 1.01 billion.
Bitwise led cumulative inflows with $493.86 million, followed by Canary Capital at $466.97 million. Franklin Templeton was the second with $413.23 million and Grayscale had 131.46 million.
According to SoSoValue data, spot Bitcoin ETFs recorded $181 million in net inflows yesterday (July 14, ET). Spot Ethereum ETFs saw $58.3385 million in net inflows, with none of the 10 ETFs recording net outflows. pic.twitter.com/AUMWhkHPD6
— Wu Blockchain (@WuBlockchain) July 15, 2026
Meanwhile, 21Shares showed cumulative net outflows of $20.06 million. The same session saw higher demands of crypto ETFs. Spot Bitcoin ETFs received inflows of $181 million and Ethereum funds received inflows of $58.34 million. None of the ten Ethereum ETFs reported daily net outflows.
David Schwartz hájí reklamu XRP v univerzitním sportu s odkazem na ochranu pravdivé komerční řeči podle Prvního dodatku. Spor vyvolalo umístění loga XRP na dresech napříč univerzitními sportovními programy Kansasu.
Ripple CTO Emeritus David Schwartz has defended XRP advertising in college sports after critics called for tighter restrictions on crypto promotion.
Summary
David Schwartz argues truthful XRP advertising receives First Amendment protection against broad government restrictions nationwide. His argument cites Supreme Court rulings that struck restrictions on lawful alcohol and gambling advertising. Commercial speech remains regulable, meaning the Constitution does not automatically block every potential advertising restriction. The debate followed the University of Kansas athletics program’s decision to place XRP branding on team uniforms under a multi-year partnership with Ripple.
In a July 15 post on X, Schwartz argued that governments cannot broadly suppress truthful advertising for lawful products simply because officials believe consumers may make poor decisions. His position centers on First Amendment protections for commercial speech.
The United States has the First Amendment. If you want to restrict or can speech, you need to find some exception it fits into. I don't think there is one here. See the cases I cited including one involving liquor and one involving gambling.
— David 'JoelKatz' Schwartz (@JoelKatz) July 14, 2026 Schwartz turns XRP advertising debate into constitutional question The discussion began after critics compared crypto promotion in college sports with advertising for gambling, tobacco and alcohol. They argued that universities should not expose students and younger sports fans to digital asset marketing.
Schwartz responded with a legal argument rather than a defense of XRP as an investment. He wrote that the government cannot suppress truthful commercial speech merely to prevent people from making “bad, but lawful, decisions.” His argument draws a distinction between regulating an activity and banning truthful speech about that activity.
Supreme Court cases support protection for lawful advertising Schwartz cited 44 Liquormart v. Rhode Island, a 1996 Supreme Court case that struck down restrictions on advertising liquor prices. The Court found that Rhode Island could not broadly block truthful price information simply because the state wanted to reduce alcohol consumption.
He also pointed to Greater New Orleans Broadcasting Association v. United States. In that case, the Supreme Court ruled that a federal restriction could not block advertisements for lawful private casino gambling under the circumstances before the Court.
However, those rulings do not make every restriction on XRP advertising automatically unconstitutional. Under the Supreme Court’s Central Hudson framework, commercial speech receives protection when it concerns lawful activity and is not misleading. Governments may still impose properly tailored restrictions that directly serve a substantial public interest.
Kansas deal puts XRP logo across college sports Kansas Athletics announced the Ripple partnership on July 8. The XRP logo will appear on uniforms across the university’s athletic programs, making it the first cryptocurrency jersey patch used across a major college athletics program, according to Kansas.
The agreement also covers branding at athletic venues, digital properties and events. Ripple will fund financial and technology education programs for student-athletes and the wider campus community. The partnership also expands an existing recruitment link between Ripple and Kansas graduates.
As previously reported, the agreement runs for five years and has personal ties to Ripple CEO Brad Garlinghouse, a University of Kansas alumnus. The sponsorship has since drawn wider attention to how universities should handle digital asset advertising.
XRP legal history adds context to advertising dispute The debate comes three years after a federal court issued its split ruling in the SEC’s case against Ripple. The court found that Ripple’s programmatic XRP sales did not qualify as securities transactions under the circumstances examined, while certain institutional sales violated securities laws. The case formally ended in 2025 with a $125 million penalty and an injunction remaining in place.
That history makes broad claims about XRP’s legal status more complex than simply calling the asset universally exempt from financial regulation. Schwartz’s First Amendment argument instead rests on a narrower point: truthful commercial speech concerning lawful activity receives constitutional protection.
A government attempt to impose a blanket ban on XRP advertising could therefore face a serious First Amendment challenge. But existing Supreme Court doctrine still allows some commercial advertising rules when regulators can satisfy the required constitutional test.
Binance drží zásoby XRP na zhruba 2,61 miliardy tokenů, což je nejméně od února. XRP mezitím za posledních 24 hodin vzrostl o více než 3,7 % na zhruba 1,11 USD.
The divergence between on-chain supply trends and market sentiment highlights how multiple factors are influencing XRP's price.
Binance’s XRP reserves have fallen to about 2.61 billion tokens, their lowest level since February, and the balance has held there since the start of July.
And even though the Ripple token had been sliding toward $1.06 while those reserves were draining out, it reversed course in the last 24 hours, gaining over 3% in that period.
Exchange Reserves Shrink as Selling Pressure Lingers According to CryptoQuant contributor Arab Chain, there have been no meaningful inflows to replenish Binance’s XRP stockpile in recent months, which is why the reserve figure has held near its February 2026 low instead of climbing back.
A falling exchange balance can be considered a bullish signal since it is often taken to mean that investors are moving their stash into private wallets instead of preparing to sell. That signal took a while to show up in price, with Arab Chain noting that XRP had been falling to around $1.06 while reserves were emptying out, suggesting that liquidity, trading activity and investor sentiment were outweighing the effect of declining exchange supply.
In another market update, the same analysts pointed to the Binance CVD Confirmation Score, which blends price with Cumulative Volume Delta to track whether buy or sell orders are winning out in the spot market. That CVD reading is at -6.93 million, meaning that sell orders have outweighed buys as XRP fell from above $2.00 earlier this year toward the $1.07 area.
Meanwhile, the 30-day Price-CVD Confirmation Score is holding near 0.84, a figure Arab Chain says, while reasonably healthy, still falls short of confirming a genuine shift in buying demand. According to them, only a sustained move into positive CVD territory alongside a stronger confirmation score would point to a real reversal in buying interest.
As noted earlier, XRP’s price action has nevertheless improved modestly, with data from CoinGecko at the time of writing showing the asset trading around $1.11 after gaining about 3.7% in 24 hours, having oscillated between $1.07 and $1.12 during that period. However, the world’s sixth-largest cryptocurrency by market cap is still down 7% over the past month and more than 61% across one year, despite daily trading volume jumping 31% higher than the previous day to hit $1.26 billion.
You may also like: Binance Marks Ninth Anniversary With 323 Million Users and Expansion Beyond Crypto XRP and ETH Traders Turn Bullish as FOMO Surges to 5-Week High: Santiment 3 Years After The Key Ripple-SEC Ruling: How XRP Went From SEC Target to Institutional Asset Analysts Divided On Where XRP Heads Next Such is the state of XRP that market watchers are split on what comes next. For example, popular trader Diana has pointed to $1.08 as the level to watch and warned that losing it could send XRP toward the $0.90-$0.93 zone before one last flush to the $0.87 macro support. Fellow analyst CasiTrades holds a similar technical view but frames it as the tail end of a yearlong correction, telling followers on X that a drop toward $0.87 would “finish off the correction we’ve spent the last year building.”
But others are looking past the near-term chop, with one of them, Crypto Patel, arguing that XRP is tracing a pattern that has historically come right before rallies of more than 1,000%. On his part, crypto investor Celal Kucuker pointed to a 500% monthly gain two years ago as a reason not to dismiss $7 by the end of the year.
Sněmovna poradců japonského parlamentu schválila změnu zákona, která řadí Bitcoin, Ethereum, XRP a další kryptoměny mezi finanční produkty místo platebních nástrojů. Otevírá tím cestu pro spotové krypto ETF a nižší zdanění zisků.
Japan’s House of Councillors passed an amendment to the Financial Instruments and Exchange Act, which officially recognizes cryptocurrencies as financial products rather than payment tools.
With this, the country is now planning to cut crypto taxes from 55% to 20% and open the door to Bitcoin ETFs.
Japan Moves Crypto Under Financial Product RulesJapan’s parliament has officially passed a landmark law amendment reclassifying cryptocurrencies as “financial assets.” Until now, cryptocurrencies have been mainly regulated under the Payment Services Act as a payment method.
Under the new law, Bitcoin, Ethereum, XRP, and other cryptocurrencies will be classified as financial products under the Financial Instruments and Exchange Act (FIEA), bringing them closer to stocks and other investment assets.
The new law also clears the way for spot crypto ETFs in Japan.
Regulators are aiming to launch them on the Tokyo Stock Exchange by 2027 or 2028, while major firms like Nomura Holdings and SBI Holdings are already preparing crypto ETF products.
List of Changes Under the New LawThe new framework introduces several rules that already apply to traditional financial markets. These include,
Insider trading ban: Trading using non-public information will be strictly prohibited.Annual disclosures: Token issuers must publish annual operational and financial disclosures.Strict penalties: Violators face up to 10 years in prison or 10 million Japanese yen fines.Retail investment cap: High-risk tokens will have a 2 million Japanese yen retail investment limitBigger Fines and Lower Crypto TaxesThe new law also brings stricter rules for the crypto industry. However, the maximum jail term for running an illegal crypto business will increase from three years to 10 years.
And the maximum fine will also increase from 3 million yen to 10 million yen, approximately $18,500 to $61,600. The government says these changes will help make the crypto market safer and protect investors.
Along with the bill, lawmakers are planning to cut the tax on crypto profits from the current maximum of 55% to a flat 20%, the same tax rate used for stock investments.
Another planned change is a three-year loss carryforward. This means investors will be able to use their past trading losses to reduce taxes on future crypto profits. If approved, these tax changes are expected to start in 2028.
Story Ends Here
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Charles Hoskinson uvedl, že RealFi má být pro Cardano velkým motorem TVL i počtu transakcí. 1. fáze testnetu už přilákala přes 1 000 uživatelů a téměř 500 ověřených peněženek.
Cardano founder Charles Hoskinson has expressed strong confidence in the network’s RealFi initiative, arguing that it could significantly expand Cardano’s DeFi ecosystem.
His remarks come shortly after the launch of RealFi’s Phase 1 testnet, which has already attracted strong early participation and fueled community growth.
Hoskinson Explains How RealFi Can Increase Cardano’s TVL In a statement today, Hoskinson highlighted RealFi’s ability to increase Cardano’s total value locked (TVL), one of the most important metrics for measuring capital deposited across DeFi protocols.
According to him, users who participate in RealFi must deposit assets into the protocol’s smart contracts. Those funds remain locked while generating yield, which the protocol later distributes back to participants.
As more users deposit assets and interact with the platform, Cardano’s TVL naturally grows. In addition, every deposit, withdrawal, and yield distribution generates new on-chain transactions, increasing overall network activity.
“The cool thing about RealFi is that it is gonna be a big TVL and TX generator for Cardano,” Hoskinson said.
A Catalyst for Cardano’s DeFi Expansion Furthermore, Hoskinson described RealFi as a key pillar of Cardano’s long-term DeFi strategy. He expects it to become one of the network’s most important financial applications since the protocol revolves around yield-generating deposits.
He also argued that initiatives like RealFi will strengthen Cardano’s DeFi ecosystem by attracting more liquidity and expanding the network’s financial infrastructure.
Since users deposit assets into yield-generating smart contracts, the protocol creates additional opportunities to issue and utilize stablecoins within the network. As a result, RealFi could improve liquidity while supporting the broader growth of Cardano’s on-chain financial ecosystem.
Phase 1 Testnet Gains Strong Early Traction Hoskinson’s optimism follows encouraging progress during RealFi’s Phase 1 testnet.
Earlier, he described the launch as a “wonderful start” after the RealFi team released participation figures from its Pioneer Season. According to the update, more than 1,000 users have joined the testnet, while nearly 500 verified wallets are actively participating in Phase 1. In addition, the project has attracted over 2,000 followers on X and more than 420 new members on its Discord server in just over a week.
The RealFi team emphasized that these numbers represent more than simple user growth. Instead, they reflect rising interest in developing a transparent stablecoin backed by real-world assets.
RealFi Aims to Connect DeFi With the Real Economy Cardano’s RealFi is designed to connect DeFi with real-world financial services by using blockchain liquidity to support initiatives such as microfinance and small business lending. The project aims to improve financial access for underserved communities while showcasing practical blockchain applications beyond trading.
During its initial testing phase, users can swap test assets for USDr, stake USDr for sUSDr, and later redeem their tokens. Cardano founder Charles Hoskinson said RealFi is progressing toward mainnet launch, which could boost Cardano’s DeFi growth and expand its real-world adoption.
In the meantime, Cardano’s TVL stands at $71.56 million, which is significantly lower than Ethereum’s $41.09 billion and Solana’s $4.91 billion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
