Trumpova administrativa uzavřela dobrovolné dohody o cenách léků s 17 z největších farmaceutických výrobců na světě, včetně Pfizer, AbbVie a Bristol Myers Squibb. Dohody mají sladit ceny vybraných léků s cenami ve vyspělých zemích a rozšířit slevy přes TrumpRx.
Drug pricing has been hanging over the pharmaceutical industry for years, and the Trump administration didn't eliminate that pressure. It did, however, pursue voluntary pricing agreements with many of the industry's largest drugmakers. Since late 2025, the Trump administration has reached voluntary most-favored-nation (MFN) pricing agreements with 17 of the world's largest pharmaceutical manufacturers, including Pfizer (PFE +1.32%), AbbVie (ABBV 0.03%), and Bristol Myers Squibb (BMY +3.06%).
These agreements generally align prices for certain drugs with those paid in comparable developed countries, expand discounted direct-to-consumer purchasing through the TrumpRx platform, and provide MFN pricing for certain Medicaid purchases. So the obvious question is: Will lower drug prices automatically translate into lower profits? Let's take a closer look and find out.
Image source: Getty Images.
Pfizer moved first Pfizer became the first major pharmaceutical company to reach an agreement with the administration, offering discounts on more than 30 branded medicines. Management has framed the initiative as a way to improve affordability while preserving incentives for pharmaceutical innovation.
Now, that might appear negative for revenue; lower prices generally mean the company makes less per prescription. But Pfizer has another problem that arguably matters more: It needs to replace revenue lost from the decline of its COVID-19 products. The company's own projections assumes an additional $1.5 billion decline in COVID-related revenue, separate from revenue pressure caused by patent expirations.
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That said, Pfizer is investing heavily in oncology, vaccines, and obesity treatments, while pursuing additional cost reductions. A clearer pricing framework, even if it results in somewhat lower prices, could reduce regulatory uncertainty and help management make longer-term capital allocation decisions.
AbbVie has more flexibility Compared to Pfizer, AbbVie enters this environment from a position of strength. You see, Humira, once the world's best-selling drug, has already faced years of biosimilar competition. Management spent considerable time preparing for that transition with newer immunology drugs Skyrizi and Rinvoq, which now drive much of the company's growth.
Those products continue posting strong double-digit percentage sales increases, giving AbbVie a much more diversified business than it had just a few years ago. Skyrizi has become one of its most important growth drivers, generating nearly $4.5 billion in first-quarter 2026 sales, up 31% from a year earlier. Rinvoq continues delivering strong growth across multiple autoimmune diseases, including rheumatoid arthritis, Crohn's disease, ulcerative colitis, and atopic dermatitis. In the first quarter, Rinvoq revenue increased 23% year over year to roughly $2.1 billion, making it one of AbbVie's fastest-growing blockbuster medicines.
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Together, the two therapies are generating billions of dollars in annual revenue and are expected to more than offset the decline in Humira sales over the next several years. That transition leaves AbbVie less dependent on a single blockbuster drug and better positioned to absorb future pricing pressure.
Bristol Myers Squibb needs to fill a gap Bristol Myers Squibb faces a different challenge, as drug pricing isn't its only issue. Several of its top-selling products are already approaching (or facing) patent expirations, meaning they will be hit with competition from cheaper imitations. Revlimid has been steadily losing revenue as generic competition expands, while Eliquis, its blockbuster blood thinner co-marketed with Pfizer, is expected to face similar pressure later this decade.
Together, those products have generated tens of billions of dollars in annual sales, leaving Bristol Myers with a significant revenue gap to fill. Management has responded by launching newer medicines, expanding its late-stage pipeline, and pursuing acquisitions to strengthen its oncology, immunology, and cardiovascular portfolios. Whether those newer therapies can replace the revenue lost from aging blockbusters will likely have a much greater impact on long-term earnings than modest changes in drug pricing.
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The industry appears to be adapting So far, it seems as though the industry is adapting calmly, without any major red flags. And rather than mounting broad public opposition, many large pharmaceutical companies have chosen to negotiate. By April 2026, agreements included manufacturers that represent roughly 86% of the branded U.S. pharmaceutical market.
This is mostly the result of investor behavior. It's no secret that investors generally dislike regulatory uncertainty more than they dislike modest reductions in profitability. And the agreements may also provide other benefits, including tariff relief for participating manufacturers that expand U.S. production under separate administration policies. To put it simply: Complying, rather than fighting, was the most reasonable and sound strategy.
To be sure, drug pricing is becoming a larger factor in pharmaceutical investing, but it shouldn't become the only factor. Pipeline quality, research productivity, acquisitions, and manufacturing execution will continue driving long-term shareholder returns.
For Pfizer, the priority remains rebuilding growth beyond COVID products. For AbbVie, it's sustaining momentum from Skyrizi and Rinvoq. For Bristol Myers, success depends largely on replacing aging blockbuster products with next-generation therapies.
The new pricing agreements certainly change the industry's operating environment. But they don't eliminate what has always mattered most in pharmaceuticals: Companies that consistently develop valuable new medicines tend to create the most value for shareholders over time.
After MercadoLibre (MELI +0.85%) delivered another year of more than 30% revenue growth in 2025, you might have expected the stock to surge. Instead, the stock went the other way.
Why? Because the narrative surrounding MercadoLibre has changed. A few years ago, investors were asking how big the company could become. Today, they're asking whether it can sustain its growth while protecting profitability.
That shift in sentiment has weighed on MercadoLibre stock. But it also raises an important question: Has the market become too pessimistic about one of Latin America's highest-quality technology companies?
Image source: Getty Images.
Why have investors become more cautious? MercadoLibre's business isn't slowing down. In fact, in the first quarter, revenue grew 49% year over year. What has changed is that its economics have simply become more complicated.
Over the past year, the company has invested aggressively to solidify its leadership in the e-commerce and fintech spaces in its core markets. It has expanded its logistics network, lowered free-shipping thresholds in Brazil, and continued pouring capital into Mercado Pago.
Those investments have strengthened the platform, but they've also increased costs.
At the same time, competition has intensified. Sea Limited's Shopee is competing aggressively in Brazil through shipping subsidies and attractive seller incentives. PDD Holdings' Temu is reshaping consumer expectations around pricing with ultra-cheap goods shipped from China.
As a result, MercadoLibre's operating margins have come under pressure, almost halving from 12.9% to 6.9%.
In other words, the market isn't questioning whether MercadoLibre can continue growing. It's questioning whether that growth will create long-term shareholder value.
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The business is getting stronger Ironically, if you ignored the share price and looked only at the operating business, you might conclude MercadoLibre is stronger today than it was three years ago.
Revenue is growing at an impressive pace. Gross merchandise volume keeps climbing. Mercado Pago is expanding across payments, lending, investments, and digital banking. Meanwhile, Mercado Ads has become another meaningful growth engine, allowing the company to monetize its marketplace more effectively.
More importantly, these businesses reinforce one another. The marketplace attracts buyers and merchants. Mercado Pago makes transactions easier while deepening customer relationships. Mercado Envios improves delivery speed and reliability. Mercado Ads gives merchants another reason to invest in the platform.
Each business becomes more valuable because the others exist. That integrated model makes MercadoLibre increasingly difficult to replicate, even as competition intensifies.
Has the valuation become more attractive? The market's increasingly cautious stance toward the company has had another effect: The stock's valuation has become far more reasonable.
During the COVID-19 pandemic, investors valued MercadoLibre like a high-growth marketplace with enormous potential. Today, the company has evolved into a much larger and more diversified business, yet it trades at a price-to-sales (PS) multiple of 2.9, well below the double-digit PS multiples seen during the 2020 and 2021 boom.
That lower valuation reflects legitimate concerns. Investors want proof that today's heavy investments will eventually translate into stronger margins, higher earnings, and expanding free cash flow.
But that's also where the opportunity may lie. If management succeeds in turning today's logistics investments, fintech expansion, and merchant services into stronger long-term economics, today's valuation could prove surprisingly attractive in hindsight.
What does it mean for investors? Calling any stock a once-in-a-decade buying opportunity sets an exceptionally high bar.
MercadoLibre hasn't earned that label with certainty. E-commerce competition remains intense. Margin pressure could persist longer than investors expect. And Latin America's macroeconomic environment has never been easy to navigate.
Yet the ingredients of an exceptional long-term investment remain firmly in place. MercadoLibre benefits from a dominant market position, several secular growth drivers, expanding network effects, and a management team that's willing to invest for the long term rather than maximize short-term earnings.
The best investments rarely look obvious when expectations are low. They emerge when a great business continues improving while the market focuses on near-term uncertainty.
U Lilly zůstává týdenní růst receptů na orforglipron už pět týdnů beze změny. Ve 13. týdnu po uvedení bylo 19 550 receptů, zatímco u orálního Wegovy přes 105 000.
Eli Lilly (LLY 0.09%) and Novo Nordisk (NVO 0.35%) today participate in one of the most exciting growth markets in healthcare: the weight loss drug market, one that's on track to reach nearly $100 billion in a few years. Novo was the first to launch GLP-1 drugs and see them deliver blockbuster revenue, but it was quickly followed by Lilly, and this company also saw great successes.
In fact, as of about a year ago, Lilly actually jumped ahead of Novo and is now the GLP-1 leader in the U.S. and internationally. This leadership has translated into double-digit revenue growth as well as stock price performance, as investors applauded Lilly's accomplishments.
But right now, is one recent disturbing trend bad news for Lilly in this key growth market? Let's find out.
Image source: Getty Images.
Today's weight loss drugs So, first, a bit of background on these pharma companies' portfolios. Novo sells semaglutide under the brand names Ozempic and Wegovy, for type 2 diabetes and weight loss, respectively. Lilly sells tirzepatide as Mounjaro for the former indication and Zepbound for the latter. These drugs, in injectable format, act on hormonal pathways involved in digestion and therefore help regulate blood sugar levels and appetite. Patients self-inject on a weekly basis.
Demand has been high for these products, even resulting in shortages in the past -- in recent times, though, supply has been able to meet demand since both companies ramped up manufacturing capacity.
The Novo and Lilly drugs have proven to be efficacious and safe, and they are easy for patients to fit into their routines -- all of this has contributed to their popularity. Why has Lilly won leadership in the market? It may be due to data showing that the Lilly drugs lead to greater weight loss. In a head-to-head study, Zepbound helped patients lose an average of 20% of their body weight, while Wegovy generated average weight loss of 13% at 72 weeks.
But these aren't the only weight loss drugs sold by Lilly and Novo. Each has launched new oral weight loss drugs in recent times, and these could represent the next wave of growth for the companies. Novo won approval for oral Wegovy late last year, and Lilly won approval for Foundayo, its oral GLP-1 drug, this spring.
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Prescriptions for Foundayo And this brings me to the disturbing trend that could worry Lilly investors. Weekly prescription growth for Foundayo has remained flat over the past five weeks, FiercePharma reported, citing a July 10 note from Jefferies analysts. This is based on data gathered by IQVIA.
In the 13th week post-launch, the prescription count came in at 19,550. This is compared to the figure of more than 105,000 for the Wegovy pill at the same point after its launch.
This information shows us that doctors haven't been writing more and more prescriptions for the new Lilly drug -- and the oral Wegovy launch appears much stronger. Should Lilly shareholders worry about this disturbing trend?
There are a couple of differences to note. Oral Wegovy is the same drug -- semaglutide -- as its injectables, while Foundayo is a totally new GLP-1 product. So doctors and patients may take more time to get on board when it's not a drug they know well.
Second, major pharmacy benefit managers were on board with coverage of Wegovy as of the first week, but coverage came later for Foundayo, according to FiercePharma.
These elements may have offered oral Wegovy an advantage -- and more momentum at the launch. It's important to note that Foundayo may progressively appeal to doctors and patients looking for convenience: While oral Wegovy comes with food and beverage restrictions, Foundayo doesn't.
Novo dominated the injectable GLP-1 space, and then Lilly gradually built its leadership; so this could happen in the oral weight loss market too. And even if it doesn't, Lilly's 60% share of the U.S. market and deep pipeline of weight loss candidates mean investors shouldn't worry about the initial launch trend of one product. Lilly's weight loss drug portfolio is solid, and the company remains well-positioned to deliver earnings growth and stock performance over the long term.
NHTSA obdržela podnět k prošetření 806 963 minivanů Honda kvůli airbagům, které se mohou nechtěně aktivovat za jízdy. Týká se to modelů Odyssey z let 2011 až 2017.
Item 1 of 2 A Honda logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
[1/2]A Honda logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo Purchase Licensing Rights, opens new tab
CompaniesJuly 14 (Reuters) - A U.S. auto safety regulator said on Tuesday it received a request to open a probe into 806,963 Honda (7267.T), opens new tab minivans over concerns related to their air bags.
The National Highway Traffic Safety Administration said the petition was related to inadvertent deployment of air bags while the vehicle was in motion.
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The move covers the Japanese automaker's popular Odyssey models from model years 2011 to 2017.
Honda did not immediately respond to a Reuters request for a comment.
Reporting by Nathan Gomes in Bengaluru
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Iridium uvedlo na trh Iridium PNT ASIC, čip pro ochranu zařízení závislých na GPS a GNSS před rušením a spoofingem. O produkt už v říjnu 2025 projevilo zájem více než 150 organizací.
Ultra-compact chip delivers trusted positioning, navigation, and timing resilience amid rising spoofing and jamming threats
, /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, today announced the commercial availability of the Iridium PNT ASIC, a first-to-market chip designed to help protect GPS- and GNSS-dependent devices from jamming, spoofing, and other growing threats.
Iridium PNT ASIC Since the Iridium PNT ASIC's unveiling in October 2025, Iridium has received unprecedented demand from more than 150 organizations worldwide, spanning maritime, unmanned and autonomous systems (UXV), aviation, telecommunications, and other critical infrastructure sectors.
"The market response to the Iridium PNT ASIC has reinforced what we're hearing from customers around the world: assured PNT is becoming an essential capability across critical industries," said Dr. Michael O'Connor, executive vice president, PNT, Iridium. "With commercial availability, we're enabling manufacturers to integrate trusted timing and location capabilities into smaller, more efficient designs, making assured PNT accessible to more applications than ever before."
Measuring just 8 by 8 millimeters and weighing less than 0.2 grams, the application-specific integrated circuit (ASIC) represents a major step forward in expanding access to assured PNT technologies at scale. The chip delivers cryptographically secure timing and location data from the Iridium satellite network through one-way signal bursts that are powerful enough to work where traditional GNSS often cannot, including inside structures and in contested environments.
By continuously validating signal integrity and delivering trusted PNT data anywhere on Earth, the Iridium PNT ASIC provides a powerful new foundation not only for resilient navigation, but also timing. Financial markets, telecommunications networks, power grids, and governments all depend on precise time synchronization to coordinate operations and maintain reliable service.
As global reliance on GNSS continues to grow, so does the frequency and sophistication of signal interference such as jamming and spoofing. Recent incidents including the May 2026 in-flight jamming of United Kingdom Defence Secretary John Healey highlight increasing operational and safety risks associated with GNSS spoofing and jamming across commercial transportation, aviation, and critical infrastructure environments. According to a 2019 study sponsored by the U.S. National Institute of Standards and Technology (NIST), a GPS outage was estimated to cost the U.S. economy approximately $1 billion per day. Adjusted for inflation, that figure would exceed $1.3 billion per day in 2026, underscoring the growing importance of reliable backup solutions.
Compact Assured PNT Integration Underway
Solace Communications, a provider of mission-critical communications solutions for demanding and remote environments, is one of several Iridium partners integrating the Iridium PNT ASIC. Its Vector family of assured PNT products combines Iridium PNT with multi-band GNSS and inertial sensing to deliver resilient positioning, navigation, and timing with continuous confidence scoring, while LTE and Iridium Short Burst Data® (SBD®) provide secure telemetry and messaging.
"The Iridium PNT ASIC supports our wider strategy of building one of the first edge-native, confidence-scored assured PNT platforms around multiple sources of positioning, timing, and motion data," said Adam Elcock, co-founder, Solace Communications. "Future navigation systems must do more than report a position. They must continuously determine whether that position and its timing can be trusted. That is the role Vector has been designed to fulfill and is now being deployed."
Skyband Systems, a developer of aviation-grade, PNT-resilient navigation hardware, will integrate the Iridium PNT ASIC into its M100 LRU for business and commercial aviation. The M100 combines Iridium PNT with onboard inertial sensing to alert crews to GNSS jamming and spoofing while providing aircraft location for enhanced situational awareness.
"Iridium's secure and powerful global service is the perfect platform for Skyband's resilient navigation product," said Robert Wiggenhorn, co-founder, Skyband Systems. "We are excited to partner with Iridium as they launch the Iridium PNT ASIC and look forward to further strengthening their legacy of aircraft innovation and safety."
Iridium continues to engage with developers, original equipment manufacturers, integrators, and technology providers to incorporate assured PNT capabilities into next-generation solutions. Those interested in ordering the Iridium PNT ASIC are encouraged to visit www.iridium.com/pnt/asic.
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world's only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.
Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.
Press Contact:
Jordan Hassin
Iridium Communications Inc.
[email protected]
+1 (703) 287-7421
Investor Contact:
Kenneth Levy
Iridium Communications Inc.
[email protected]
+1 (703) 287-7570
Michael Dell is the CEO and founder of Dell Technologies. Mandel NGAN / AFP via Getty Images It's a good year to be Michael Dell.
His net worth is up over $80 billion. His company's shares have risen 240% as it rides a wave of AI-driven growth. And, critically, Dell, 61, has found favor with perhaps the most influential man in the world: President Donald Trump.
Last week, Dell laptops received a ringing presidential endorsement that boosted the company's stock.
"Go out and buy a Dell computer," Trump told reporters at the White House at the launch of Trump Accounts on July 6, repeating a recommendation he had made in May. Later that day, Dell joined the president for lunch in the Rose Garden.
The tech CEO's recent public rapport with Trump has centered on Trump Accounts, the new investment savings account for children, and it has become one of the more visible — and steady — corporate relationships of the president's second term.
The Dells — Michael and his wife, Susan — made a $6.25 billion contribution to the program through their family foundation in December, and have appeared at several White House media days alongside the President.
Michael Dell (R) sits in the dorm room where he launched his namesake computing company. Harry Cabluck/AP The corporate world's attitude toward Trump has changed since his first term, when cultivating a relationship with the president was often seen as a reputational risk. Now, many business leaders are working more closely with him.
The dynamic has seen the president exert pressure on Big Law, media organizations, universities, and, most recently, World Cup organizers. For executives, gaining Trump's favor — or at least avoiding his criticism — can be a powerful incentive.
The Dell Foundation and Dell did not respond to requests for comment from Business Insider.
Earning Trump's favorDell is exactly the kind of homegrown American success story the president likes. Michael Dell started his PC company in his college dorm room and went on to become the youngest CEO ever to lead a Fortune 500 company, at 27.
Dell had some involvement with the first Trump administration, joining the president's American Manufacturing Council, and attending a "day 1" meeting of business leaders, but his dealings then with Trump were more limited.
Now, things are different.
The two men have an easy rapport, as seen in recent footage of Dell joking with the president about owning a "Dellicopter" instead of a helicopter.
Trump Accounts launched on July 4th; Dell's involvement in the program dates back at least a year — he was present at the first "Invest America" roundtable (which became Trump Accounts) in June 2025. Dell told CNBC in December that he first became interested in seeding investment accounts for children around 2021.
The Dell Foundation has long focused its philanthropic efforts on children, education, and economic opportunity, aligning with the mission of Trump Accounts.
The billionaire CEO has quietly appeared at other government functions. In March, he joined the President's Council of Advisors on Science and Technology, alongside Marc Andreessen, Jensen Huang, and Mark Zuckerberg. Dell was previously a member of the council during President George W. Bush's administration.
Dell also attended White House dinner for Saudi Crown Prince Mohammed bin Salman in May.
"Michael and Susan Dell are patriots who are generously contributing billions of dollars of their fortune to the Trump Accounts of millions of kids from working-class families," said White House spokesman Kush Desai.
The president "rightfully" praised Dell and others who have donated to the program, he added.
What stands out about Dell's recent appearances is that, unlike other big-name tech leaders, whose faces are often as well known as the products their companies make, the billionaire CEO has tended to limit his time in the spotlight.
Dell rarely gives interviews or attends "it-crowd" events, and he was absent from the lineup of tech moguls at Trump's inauguration.
Michael and Susan Dell take lunch with the president on Monday, July 6. Evan Vucci/Reuters "They aren't 'out there' as big backers of politicians like some of these other CEOs," said Douglas Schuler, a professor of Business and Public Policy at Rice Business School who specializes in corporate political activity.
"They seem to make political contributions to both sides of the aisle and to members of Congress where they have significant operations or with jurisdiction over their business activities," he said.
It's Dell's yearDell's relationship with Trump has coincided with a string of wins for the company.
Since the Dell Foundation announced its donation in December, the president has purchased more than $1 million in Dell stock. In April, he sold at least $50,000 worth of Dell shares and possibly as much as $100,000.
In February, Dell Technologies landed a $10 billion contract renewal with the US Department of Defense. Navy Chief Information Officer Barry Tanner told reporters the contract was awarded after a competitive evaluation process.
Shares of Dell popped in the days after Trump's promotion of the brand's laptops last week.
Dell's personal wealth is also surging. He's now the world's 6th-richest person with a net worth of $223 billion, adding $83.5 billion in 2026 alone, and trailing only Elon Musk in year-to-date wealth gain.
To be sure, Musk's own wealth boom shows that billionaires' net worth is hardly tied in the long term to how well they get along with the president.
After criticizing Trump's "big beautiful bill," Musk lost an estimated $34 billion in a single day, and Tesla's shares fell 14%. A year later, he's worth nearly $900 billion.
Dell owns roughly a 40% stake in his company, which has been enjoying a banner year driven by its AI offerings.
In May, the company reported its strongest quarterly earnings since its return to the public markets in 2018, with revenue of $43.8 billion.
Crucial to the company's growth has been its positioning as a key provider of AI infrastructure. Revenues in Dell's Infrastructure Solutions Group (ISG), which sells GPUs, memory, networking, cooling, storage, and services, were up 181% year over year in its first quarter earnings report.
The company has also been overhauling its internal operations as it seeks to position itself for its next era, modernizing all systems and programs used across the business and reducing its workforce by 36,000 over the past three years through layoffs and attrition. As of January, Dell employed roughly 97,000 people, per its latest 10-K filing.
Where business meets politicsNo matter what kind of approach executives take to Trump, there are no guarantees of a strong relationship with the president.
JPMorgan CEO Jamie Dimon, for instance, has tempered criticism of Trump's policies with praise over the years, but Trump still sued him and the bank for $5 billion in January, alleging JPMorgan closed his accounts for political reasons after the January 6 attack. The bank said the suit has no merit.
Dell CEO Michael Dell delivers a keynote address at the 2007 Oracle Open World conference November 14, 2007 in San Francisco, California. Justin Sullivan/Getty Images Businesses often combine their market strategy with non-market initiatives, such as lobbying governments, donating to charity, or working with NGOs, Schuler said. Some research suggests that companies taking this broader approach perform better financially, but it is much harder to show that corporate political activity itself leads to stronger financial results for companies or their executives, he said.
"Is it possible that they benefited personally or the company itself? Certainly," Schuler of Rice University said. "Is it easy to show? No."
Whether it's genuinely aligned interests, political pragmatism, or a more calculated bid for influence, the president is in the Dells' corner.
"They are truly incredible people," Trump said last week, with the Dells beside him at the launch of Trump Accounts. "We're going to get him that money back one way or another."
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Main Street Capital zvýšila měsíční dividendu o 1,9 % oproti předchozímu měsíci na 0,265 USD na akcii. Dividendový výnos přesahuje 8 %, i když DNII v 1. čtvrtletí klesl na 1,00 USD na akcii.
Main Street Capital (MAIN 0.63%) will make its latest monthly dividend payment this week. That payment will be 1.9% above last month's level (and 3.9% higher than the year-ago payment). It's the 12th dividend increase since the end of 2021.
When adding in the business development company's (BDC) recently paid supplemental quarterly dividend, its annualized yield is up over 8% at the recent share price. Here's a look at the safety of this high-yielding payout as its earnings soften.
Image source: Getty Images.
Earnings are softening while the dividend keeps rising Main Street Capital reported its first-quarter earnings in early May. The BDC generated $90.8 million in distributable net investment income (DNII), or $1.00 per share. DNII is a good proxy for the dividends the company can afford to pay.
The concern with that number is two-fold. DNII is down from $1.09 per share in the fourth quarter and $1.02 per share in the year-ago period. That's due to higher total expenses and the impact of a 2.2% increase in its weighted-average shares outstanding resulting from equity issuances, dividend reinvestment plans, and equity compensation plans, partially offset by higher total investment income.
While earnings are falling, the dividend continues to rise. Main Street Capital's monthly dividend payment is up to $0.265 per share, while it has continued to maintain its supplemental quarterly payment of $0.30 per share. The combined quarterly outlay is now up to $1.095 per share, well above DNII.
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Two different types of dividends Main Street Capital has a unique dividend policy among BDCs. It set its monthly dividend payment at a level it can sustain. At the current level, the payment adds up to $0.795 per share each quarter, comfortably below its DNII. As a result of this strategy of setting the base monthly dividend at a lower level, Main Street Capital has never reduced its monthly dividend since its 2007 IPO. Instead, this base payment has grown by 141%.
The quarterly supplemental dividends are extra payments intended to ensure the BDC remains compliant with IRS regulations requiring it to distribute at least 90% of its taxable net income to shareholders. This supplemental payment can rise and fall based on its earnings. Main Street has currently made 19 consecutive supplemental quarterly payments, including maintaining the $0.30 per share rate since early 2023.
While this rate could fall in the future, Main Street Capital's management team currently expects to continue paying significant supplemental dividends, including another one in September. That's due to its expected strong performance in the second quarter, which included the profitable exit of an equity investment. The BDC realized a $46.4 million gain on a $6.4 million investment during the period. Gains on equity investments are a key driver of monthly dividend increases and supplemental dividend payments.
One dividend you can bank on, and another extra payment Main Street Capital aims to provide investors with a sustainable and growing monthly dividend. It also offers the potential to collect a supplemental quarterly income stream when it has extra income to distribute. While its earnings have softened recently, a profitable equity investment exit in the second quarter should boost its DNII, enabling it to continue paying a significant supplemental quarterly dividend. That makes the more than 8% yield safe for now.
Velcí držitelé během posledních čtyř měsíců nashromáždili přes 25,6 miliardy ADA a zvýšili zásoby o 1,8 %. Menší retailové peněženky mezitím ustoupily o 0,7 %.
Large investors holding between 100,000 and 100 million Cardano (ADA) have rapidly accumulated more than 25.6 billion ADA, taking significant supply off the market at a pace not seen since early 2023. On-chain data from analytics platform Santiment revealed that these “shark” and “whale” wallets raised their holdings by 1.8% over the past four months, returning to levels observed in February 2023.
Retail capitulation marks ADA multi-year lowsDuring the same period, smaller holders—wallets holding up to 100 ADA—decreased their positions by 0.7%. This outflow from small retail wallets comes amid a prolonged price downturn, which pushed ADA to multi-year lows in 2026. The ongoing negative sentiment has led many individual investors to abandon the asset, reflecting a classic scenario in which major players acquire ADA while retail participants lose confidence.
Wallet TypeADA HoldingChange (Last 4 Months)Sharks & Whales (100,000 – 100 million ADA)25.6 billion ADA+1.8%Small Retail (up to 100 ADA)N/A-0.7%This pattern suggests that while retail holders are reducing their exposure, larger investors are capitalizing on discounted prices by buying up available supply.
Throughout the recent downturn, accumulation by large holders has intensified, as retail sentiment remains particularly negative and smaller investors scale back their positions.
Development activity and scaling efforts continueDespite the difficult price environment, project developers have maintained steady progress on Cardano’s technical roadmap. In late June, the Musashi Dojo, a testnet for the forthcoming Leios upgrade, was launched, aiming to multiply transaction throughput and improve network scalability.
In addition, upgrades and integrations are underway on other core protocols, with ongoing enhancements to the Hydra and Mithril solutions. Cardano is also integrating new data oracle services from Pyth, expanding the ecosystem’s capabilities. Project funding activity within the network remains active, further supporting development efforts.
Mini dictionary: Pyth oracles provide real-time financial data to blockchain applications, enabling smart contracts to access and utilize information from outside sources for accurate execution.
While price action remains weak, ongoing large-scale accumulation by major investors, combined with continued network development, points to a potentially stronger technical outlook for ADA in the months ahead.
Catalysts underpin Cardano’s long-term outlookThe convergence of reduced retail participation and firm accumulation by whales is creating a technical foundation that market observers suggest is among the healthiest for ADA this year. Although this dynamic does not ensure a swift price recovery, the continued absorption of supply by major holders and the pace of network upgrades could set the stage for renewed momentum.
Cardano, developed by Input Output Global and designed as a proof-of-stake blockchain network, has established an active community of both developers and investors. Despite recent setbacks, continued innovation and network scaling efforts remain in focus for long-term growth.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Lithia & Driveway oznámila, že výsledky hospodaření za 2. čtvrtletí 2026 zveřejní před otevřením trhu 29. července. Téhož dne uspořádá konferenční hovor s investory v 10:00 ET.
July 14, 2026 05:30 ET | Source: Lithia & Driveway
MEDFORD, Ore., July 14, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE: LAD) today announced its second quarter 2026 results will be released before the market opens on Wednesday, July 29, 2026. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time.
How to Participate
The conference call may be accessed by telephone at (877) 407-8029. To listen live on our website, or for replay, visit investors.lithiadriveway.com and click on quarterly earnings.
About Lithia & Driveway (LAD)
Lithia & Driveway (NYSE: LAD) is the largest global automotive retailer making Auto Done Easy by providing simple, transparent, and convenient experiences throughout the ownership lifecycle. LAD helps customers take care of any vehicle need through a comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings, and other synergistic adjacencies. Celebrating 80 years in business in 2026, LAD consistently delivers profitable growth in a massive and unconsolidated industry. Its highly diversified and competitively differentiated design provides LAD with the flexibility and scale to pursue its vision to modernize personal transportation solutions wherever, whenever and however consumers desire.
The 80th Celebration
https://www.lithiadriveway.com/80-years
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Johnson & Johnson zvýšil dividendu už 64. rok v řadě na 1,34 USD na akcii čtvrtletně. Tržby ve čtvrtletí stouply o 9,9 % na 24,1 miliardy USD a firma zvedla celoroční výhled zisku.
All too often, dividend stories start with a beaten-down stock and a nervous question about whether the payout can survive. Johnson & Johnson (JNJ +0.42%) is the opposite case. The healthcare giant raised its dividend for the 64th year in a row, and the payout looks about as secure as any in the market. The complication is the stock: shares have climbed more than 60% over the past year and trade within a few percent of an all-time high, closing near $257 as of this writing.
So the question worth asking isn't whether the dividend is safe. It is probably about as safe as dividend stocks get. Instead, the question is whether the stock is still worth buying after a run like that.
Image source: Getty Images.
The dividend isn't the worry In April, Johnson & Johnson's board lifted the quarterly dividend 3.1% to $1.34 per share, or $5.36 a year. That was its 64th straight annual increase -- a streak that makes it a Dividend King, the name for companies that have raised their payout for at least 50 years (consecutively) running. At the current share price, the dividend yields about 2.1%.
More telling than the yield is how comfortably the company covers it. The $5.36 annual payout eats up only about 46% of the non-GAAP (adjusted) earnings Johnson & Johnson expects to earn this year, so there's room for the dividend to keep climbing even if profits flatten. Backing all of it is one of the strongest balance sheets anywhere: Johnson & Johnson is one of only two U.S. companies S&P rates AAA -- a notch above the U.S. government itself -- a distinction it shares only with Microsoft.
Today's Change
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The obvious risk is the talc litigation that has weighed on the company for years. Johnson & Johnson still faces tens of thousands of lawsuits alleging its talc-based baby powder caused ovarian cancer. A judge rejected the company's proposed $10 billion settlement early last year, sending the claims back into the court system to be fought out at trial. That's a cash overhang and a steady source of unflattering headlines. But for a company that generates far more cash than it pays out and carries a top-tier balance sheet, it reads as a manageable liability rather than a threat to the dividend.
The discount is what's gone Here's why the stock has climbed so far: the fear that drove its discount has faded.
For a while, investors braced for a painful patent cliff. Stelara, which at its peak sold more than $10 billion a year, is losing sales fast to cheaper biosimilar competition; its revenue fell about 60% year over year to $656 million in the first quarter of 2026. But the rest of the drug portfolio is more than making up the difference.
Total revenue in the quarter still rose 9.9% to $24.1 billion, led by the innovative medicine segment. Cancer drug Darzalex climbed about 22% to nearly $4 billion, and Tremfya -- the immunology drug Johnson & Johnson is steering patients toward -- jumped 68% to about $1.6 billion. Newer additions like Caplyta, gained in last year's Intra-Cellular Therapies acquisition, are helping too.
Given this backdrop, management was confident enough to raise its full-year guidance, calling for adjusted earnings per share of about $11.55.
Overall, John & Johnson offers a safe and growing dividend, a drug business that's outgrowing its patent cliff, and litigation that looks contained.
A year ago, worries about talc and Stelara left Johnson & Johnson trading at a discount to the broader market. Today, at a price-to-earnings ratio of about 22 based on that guidance. With a valuation like this, the easy part of the return -- the piece that came from a depressed valuation working its way back to normal -- is probably alrady in the rearview mirror.
So, is the stock a buy?
Johnson & Johnson is a wonderful business and an excellent stock to own for durable, growing income. And long-term holders have no reason to sell. But for new money, I'd rather wait for a pullback -- or for a few more quarters of the pipeline growing into the price -- than pay a premium for a stock whose discount has already closed.
Hole 26MN-090 returned, along the Zanzibar Trend:0.91 g/t gold over 20.63 metres ("m") from 74.38 m and 16.47 g/t gold over 2.35 m from 143.41 m within the Gold Hill Formation.Hole 26MN-099 returned, along the Zanzibar Trend:0.88 g/t gold over 18.59 m from 98.76 m at the Zanzibar-Gold Hill Formation stratigraphic contact, including 1.28 g/t gold over 9.45 m from 101.19 m.2.10 g/t gold over 16.15 m from 126.95 m within Gold Hill Formation fault breccia, including 2.91 g/t gold over 10.27 m from 128.32 m.Hole 26MN-101 returned, at Goldwedge:1.60 g/t gold over 33.53 m from 6.70 m within the Zanzibar Formation, including 7.11 g/t gold over 5.18 m from 33.83 m.Hole 26MN-104 returned, along the Zanzibar Trend:35.23 g/t gold over 1.01 m from 139.26 m within the Gold Hill Formation.Hole 26MN-110 returned, at Goldwedge:2.05 g/t gold over 97.99 m from 64.16 m within the Gold Hill Formation, including; 18.19 g/t gold over 3.17 m from 85.95 m, 11.41 g/t gold over 4.57 m from 127.1 m, and 8.98 g/t gold over 7.32 m from 144.01 m. Also, within the Gold Hill Formation, 1.75 g/t gold over 14.63 m from 180.44 m.Vancouver, British Columbia--(Newsfile Corp. - July 14, 2026) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce results from eighteen step-out holes of the Phase Two drill program at the Manhattan District Project ("Manhattan"), Nevada, USA: 26MN-087, 26MN-090, 26MN-093 through 26MN-095, 26MN-097 through 26MN-108, and 26MN-110, see Figure 1. The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 102 drill holes to date from its Phase Two diamond drilling program, 25MN-011 through 25MN-045, 26MN-046 through 26MN-112, for a grand total of 28,939 m. With the results herein, Scorpio Gold has reported assays on 99 of these (25MN-011 through 25MN-045, 26MN-046 through 26MN-108, and 26MN-110, totalling 27,793 m, and assays are pending from 3 holes (26MN-109, 26MN-111 and 26MN-112), totalling 1,146 m. The pending results will be reported as they become available.
In addition to the Phase Two drill program, the Company is reviewing historic core that is available at Manhattan and analyzing any historic core and pulps for silver. This new silver data from historic materials is supplementary to silver data that has been collecting since 2024 on new core drilled by the Company. Silver, or a gold equivalent, has not been used or included in any results to date. Results from drill hole GWUG-11-11 are also included in Table 1 and discussed below. Any new significant results from historic core or pulps will be reported as they become available.
"Manhattan continues to deliver high-grade gold with remarkable consistency, and these results deepen our understanding of why. The 97.99 metre intercept grading 2.05 g/t gold in hole 26MN-110 demonstrates that Goldwedge hosts broad, continuous zones of mineralization punctuated by high-grade intervals. The combination of structural and stratigraphic intersection at Goldwedge is providing the kind of grade-and-thickness combination that drives meaningful resource growth at Manhattan.
Along the Zanzibar Trend, mineralization is also proving to be strongly controlled by stratigraphy and structure, with high-grade gold recurring at the Zanzibar-Gold Hill contact and within fault breccias hosting multiple generations of epithermal veining — hallmarks of a large, long-lived gold system. Importantly, these step-outs tested within and beyond the boundaries of our maiden resource, so every new intercept is either adding new mineralization or upgrading material outside the current block model. We have also begun analyzing multi-element ICP data received to date, which include silver values. Silver was historically produced alongside gold in the Manhattan District, and we see the potential for silver to be incorporated into future resource estimates — adding a byproduct dimension that our maiden resource did not capture. With 99 of 102 Phase Two holes now reported and the system open in multiple directions, Manhattan keeps reinforcing its district-scale potential," said Harrison Pokrandt, VP Exploration for Scorpio Gold.
Figure 1. Surface Plan Map of drill holes. Map Inset areas shown in Figures 2 and 3.
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Zanzibar Trend: Drill holes 26MN-087, 26MN-090, 26MN-093, 26MN-094, 26MN-097, 26MN-099, and 26MN-104 are all approximately 50 m step-outs along the Zanzibar Trend. Hole 90 had two substantial zones, 0.91g/t over 20.6m and 16.47 g/t over 2.35m. These add to the significant mineralization recently encountered along the Zanzibar Trend, including:
3.14 g/t gold over 49.62 m from 59.95 m (25MN-044)0.66 g/t gold over 57.64 m from 29.59 m (25MN-045)2.10 g/t gold over 22.25 m from 34.14 m (26MN-063)2.74 g/t gold over 16.49 m from 45.45 m (26MN-066)10.40 g/t gold over 5.67 m from 34.29 m (26MN-067)1.94 g/t gold over 17.07 m from 55.47 m (26MN-067)12.78 g/t gold over 5.91 m from 134.51 m (26MN-067)0.69 g/t gold over 23.23 m from 4.05 m (26MN-070)2.68 g/t gold over 11.34 m from 0.76 m (26MN-071)2.77 g/t gold over 12.68 m from 58.64 m (26MN-080)5.19 g/t gold over 6.55 m from 62.03 m (26MN-080)Goldwedge: Drill holes 26MN-095, 26MN-098, 26MN-100, 26MN-101, 26MN-103, 26MN-105, 26MN-106, 26MN-107, 26MN-108, and 26MN-110 are all approximately 50 m step-outs, both laterally and at depth, at Goldwedge. Recent drilling at Goldwedge, including the results within, has demonstrated consistently strong mineralization:
0.59 g/t gold over 49.23 m from 31.69 m (26MN-048)11.84 g/t gold over 8.39 m from 106.21 m (26MN-075)1.27 g/t gold over 45.23 m from 137.95 m (26MN-086)1.17 g/t gold over 21.58 m from 111.71 m (26MN-089)0.62 g/t gold over 16.28 m from 137.03 m (26MN-089)2.04 g/t gold over 11.83 m from 115.67 m (26MN-091)0.68 g/t gold over 25.02 m from 142.04 m (26MN-091)4.43 g/t gold over 5.18 m from 172.21 m (26MN-091)6.95 g/t gold over 11.98 m from 242.99 m (26MN-091)Black Mammoth: Drill hole 26MN-102 is a 50 m step-out to the east of drill hole 26MN-096. Black Mammoth is a ~200-250 m step-out from Goldwedge. Significant mineralization at Black Mammoth, including the results within, includes:
0.75 g/t gold over 24.69 m from 230.12 m (26MN-053)1.02 g/t gold over 40.23 m from 195.69 m (26MN-057)0.99 g/t gold over 41.45 m from 195.68 m (26MN-057)0.78 g/t gold over 12.92 m from 293.71 m (26MN-057)0.62 g/t gold over 62.21 m from 230.43 m (26MN-069)6.04 g/t gold over 4.86 m from 308.23 m (26MN-072)0.91 g/t gold over 15.79 m from 368.65 m (26MN-072)0.58 g/t gold over 18.04 m from 311.05 m (26MN-078)0.57 g/t gold over 17.98 m from 157.28 m (26MN-092)0.83 g/t gold over 18.01 m from 277.68 m (26MN-092)8.10 g/t gold over 1.52 m from 450.35 m (26MN-092)2.56 g/t gold over 13.38 m from 293.28 m (26MN-096)Further to the 2026 drilling results, historic drill hole GWUG-11-11, was relogged and sampled and returned 8.59 g/t gold over 6.1 m from 9.75 m. This new result addresses gaps found in the Manhattan database compilation. This drill hole was drilled underground at Goldwedge in 2011.
All 2026 drill holes tested within and beyond the Inferred Resource Constraining Pit ("IRCP"), targeting new mineralization outside of the 2025 MRE block model, see Figures 5 and 7. For further details see "Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada" with an effective date of June 4, 2025, on Scorpio Gold's website at https://wp-scorpiogold-2025.s3.ca-central-1.amazonaws.com/media/2025/10/SGN_Manhattan_Mineral_Resource_Estimate_-_Amended_43-101.pdf.
Figure 2. Inset Surface Plan Map of Zanzibar Trend Target Area, with drill hole traces projected to surface and result highlights noted.
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Figure 3. Inset Surface Plan Map of Goldwedge Target Area, with drill hole traces projected to surface and result highlights noted.
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including12.8114.331.5233.13¹ Intervals contain no more than 3 continuous metres grading less than 0.1 g/t gold.
Table 1. Results from the current batch of drill holes. Note: There is insufficient geological information to estimate a true width for the drill intercepts reported.
Zanzibar Trend Results:
26MN-087: This drill hole contains three significant intervals hosted within Cambrian Gold Hill Formation brecciated fine grained clastic meta-sediments. The first interval of 0.40 g/t gold over 10.82 m from 30.63 m is oxidized and brecciated. The second interval of 1.19 g/t gold over 2.38 m from 222.78 m is comprised of a re-lithified breccia. The last interval of 0.56 g/t gold over 7.89 m from 321.48 m is a breccia with obvious evidence of faulting. The later interval ends in Oligocene Round Rock Formation ("Manhattan Caldera") ash and lapilli tuff volcanic units, from 328.54 m to 329.37 m. The different breccias suggest multiple mineralization events.
26MN-090: This drill hole contains four significant intervals hosted within Cambrian Gold Hill Formation fine grained carbonate and clastic meta-sediments, including breccia and marble. The first interval of 0.91 g/t gold over 20.63 m from 74.38 m sits directly below a large, oxidized fault (~73 m) and is largely oxidized and broken muds and limestones. The second interval of 16.47 g/t gold over 2.35 m from 143.41 m contains a near-parallel to core axis quartz-calcite vein and is constrained to a limestone bed with strong alteration above the interval. The third and fourth intervals of 0.29 g/t gold over 12.5 m from 156.18 m and 0.81 g/t gold over 9.14 m from 288.13 m are within brecciated meta-mud and siltstones. See cross-section A to A' (Figure 5).
26MN-093: This drill hole contains two significant intervals hosted within Ordovician Zanzibar Formation limestones and carbonaceous muds. The first interval of 0.41 g/t gold over 17.1 m from 67.97 m is within re-lithified brecciated muddy limestone. The last interval of 0.34 g/t gold over 16.31 m from 107.29 m is within broken, vein filled, brecciated and oxidized limestone. This interval sits directly above sheared carbonaceous mudstone (starting at 123.60 m), which sits above Manhattan Caldera volcanics (at 131.98 m). The different breccias suggest multiple mineralization events.
26MN-094: This drill hole contains one significant interval within the Ordovician Zanzibar Formation. The interval of 0.19 g/t gold over 5.52 m from 29.65 m is within bedded, vein filled limestone. This interval sits directly above a massive sheared carbonaceous mudstone (starting at 35.17 m).
26MN-097: This drill hole contains one significant interval that extends through the stratigraphic contact between the Ordovician Zanzibar and Cambrian Gold Hill Formations. The interval of 0.36 g/t gold over 11.98 m from 106.16 m is within Zanzibar Formation limestone and continues into Gold Hill Formation meta-mudstones at 112.68 m. The start of this interval is strongly oxidized and veined.
26MN-099: This drill hole contains two intervals within the Ordovician Zanzibar Formation. The first sits directly below the Manhattan Caldera volcanics contact, 0.77 g/t gold over 11.61 m from 63.52, within limestone and carbonaceous mudstones. The second Zanzibar Formation interval of 0.40 g/t gold over 6.4 m from 89.31 m is hosted withing strongly epithermal veined, bedded, limestone. One significant interval extends through the stratigraphic contact (at 103.33 m) between the Ordovician Zanzibar and Cambrian Gold Hill Formations, of 0.88 g/t gold over 18.59 m from 98.76 m, including 1.28 g/t gold over 9.45 m from 101.19 m. Two significant intervals are hosted entirely within the Cambrian Gold Hill Formation. The first interval of 2.10 g/t gold over 16.15 m from 126.95 m, including 2.91 g/t gold over 10.27 m from 128.32 m (see Figure 4), is hosted within a re-lithified breccia of fine-grained clastic meta-sediments, and sits directly above a marble bed. The last interval of 0.18 g/t gold over 14.08 m from 228.78 m sits directly above the Brougher Fault, and a marble bed, within fine grained clastic meta-sediments. See cross-section A to A' (Figure 5).
26MN-104: This drill hole contains four intervals within Cambrian Gold Hill Formation fine grained clastic meta-sediments. The first interval of 2.04 g/t gold over 2.32 m from 99.97 m sits directly above a marble bed with a gouge fault contact. The final three intervals of 1.75 g/t gold over 4.51 m from 110.95 m, 35.23 g/t gold over 1.01 m from 139.26 m, and 1.35 g/t gold over 1.31 m from 294.59 m contain strong epithermal vein textures throughout.
Figure 4. Drill hole 26MN-099, interval 131.67 m to 136.55 m, displaying Cambrian Gold Hill Formation re-lithified brecciated meta-silt and mudstones with quartz-calcite epithermal veins.
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Goldwedge Results:
26MN-095: This drill hole contains three intervals within the Ordovician Zanzibar Formation. The first and second intervals of 0.29 g/t gold over 31.24 m from 6.40 m and 0.20 g/t gold over 11.58 m from 40.85 m, are within faulted and brecciated oxidized limestone and the bottom of each interval is a carbonaceous mudstone. The last interval of 0.30 g/t gold over 9.24 m from 64.06 m is similar to the first two intervals, but sits directly above Manhattan Caldera volcanics ("Volcanics") at 73.30 m.
26MN-098: This drill hole contains two intervals within the Ordovician Zanzibar Formation. Both intervals of 0.28 g/t gold over 5.33 m from 4.42 m and 0.19 g/t gold over 19.75 m from 13.47 m, are within faulted and brecciated oxidized limestone. One interval is within the Volcanics. The interval of 0.47 g/t gold over 3.69 m from 104.51 m is brecciated with veins throughout.
26MN-100: This drill hole contains one interval within the Ordovician Zanzibar Formation. The interval of 0.21 g/t gold over 31.42 m from 3.66 m is within faulted and brecciated oxidized limestone with veins throughout, and is directly above the Volcanics at 35.08 m.
26MN-101: This drill hole contains four intervals within the Ordovician Zanzibar Formation. The intervals are hosted within brecciated and faulted limestones and carbonaceous mudstones. The intervals are 1.60 g/t gold over 33.53 m from 6.70 m, including 7.11 g/t gold over 5.18 m from 33.83 m; 1.82 g/t gold over 7.38 m from 46.94 m, including 3.89 g/t gold over 2.65 m from 51.67 m; 0.65 g/t gold over 9.02 m from 61.27 m, including 3.76 g/t gold over 0.79 m from 63.22 m; and 1.72 g/t gold over 4.85 m from 85.04 m, including 2.23 g/t gold over 3.57 m from 85.04 m.
26MN-103: This drill hole contains two intervals within the Ordovician Zanzibar Formation. The intervals are hosted within brecciated and faulted limestones and carbonaceous mudstones. The intervals are 0.41 g/t gold over 8.53 m from 19.82 m and 0.22 g/t gold over 11.67 m from 33.14 m. The later interval is above the Volcanics contact at 54.07 m.
26MN-105: This drill hole contains one interval within the Ordovician Zanzibar Formation, directly above the Volcanics contact at 26.67 m. The interval of 0.23 g/t gold over 26.67 m from 12.65 m, including 0.31 g/t gold over 13.56 m from 25.76 m, is hosted within brecciated and faulted limestone and carbonaceous mudstone.
26MN-106: This drill hole contains one interval within the Ordovician Zanzibar Formation, directly above the Volcanics contact at 17.37 m. The interval of 0.23 g/t gold over 3.96 m from 13.41 m is hosted within brecciated and faulted limestone and carbonaceous mudstone.
26MN-107: This drill hole contains three intervals within the Cambrian Gold Hill Formation. The intervals are hosted within fine grained clastic meta-sediments and marble units. The intervals are 0.31 g/t gold over 21.03 m from 49.38 m, 0.32 g/t gold over 4.27 m from 77.57 m, and 0.44 g/t gold over 16.31 m from 146.61 m. All three intervals are controlled by faults and/or lithologic boundaries above or below the interval.
26MN-108: This drill hole contains three intervals within the Ordovician Zanzibar Formation. The intervals are hosted within brecciated and faulted limestone and carbonaceous mudstone units. The intervals are 0.15 g/t gold over 21.34 m from 22.55 m, 0.34 g/t gold over 5.52 m from 54.53 m, and 0.52 g/t gold over 13.23 m from 65.07 m. The later interval sits directly above the Volcanics at 78.30 m.
26MN-110: This drill hole contains three intervals within the Cambrian Gold Hill Formation. The intervals are hosted within fine grained clastic meta-sediments, marble units, and broken and re-lithified fault breccias. The intervals are 0.20 g/t gold over 12.19 m from 12.80 m; the headline interval of 2.05 g/t gold over 97.99 m from 64.16 m, including 18.19 g/t gold over 3.17 m from 85.95 m, 11.41 g/t gold over 4.57 m from 127.10 m, and 8.98 g/t gold over 7.32 m from 144.01 m (see Figure 6); and 1.75 g/t gold over 14.63 m from 180.44 m, including 6.80 g/t gold over 2.44 m from 192.63 m. The later interval sits directly above the Volcanics at 195.07 m.
GWUG-11-11: Apart of our relogging and sampling efforts of historic core, this drill hole contains one significant interval within the Ordovician Zanzibar Formation that was not previously available to the Manhattan database. The interval of 8.59 g/t gold over 6.1 m from 9.75 m, including 33.13 g/t gold over 1.52 m from 12.81 m, is hosted within faulted and brecciated limestones with strong epithermal vein textures.
Figure 6. Drill hole 26MN-110, interval 147.07 m to 154.54 m, displaying oxidized Cambrian Gold Hill Formation brecciated marbles with quartz-calcite epithermal veins.
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Black Mammoth Results:
26MN-102: This drill hole contains one interval within the Cambrian Gold Hill Formation. The interval of 0.44 g/t gold over 3.75 m from 398.83 m is hosted within fine grained clastic meta-sediments.
QA/QC
HQ sized diamond drill core samples were cut in halves, then bagged and secured with security tags to ensure integrity during transportation to the Reno, NV, Paragon Geochemical facility or the Elko, NV, MSALABS facility for preparation. For quality assurance ("QA"), unmarked coarse blanks, unmarked certified reference materials, and requested laboratory duplicates were inserted into the sampling sequence. QA samples were systematically inserted into each batch of samples, amounting to approximately 10% of the run of samples. Samples were analyzed for gold using a two-cycle PhotonAssayTM analysis method (~500 g) of crushed material (70% passing 2 mm). All Paragon Geochemical and MSALABS facilities comply with ISO 17025:2017.
About the Manhattan District
Manhattan, located in the Walker Lane Trend of Nevada, USA, is road accessible and lies approximately 20 kilometers south of the operating Round Mountain Gold Mine (https://www.kinross.com/operations/default.aspx#americas-roundmountain), which has produced more than 15 million ounces of gold. For the first time, the Company has consolidated Manhattan's past-producing mines under a single entity that holds valuable permitting and water rights. Historically, Manhattan has produced approximately 700,000 ounces of gold from high-grade placer and lode operations dating from the late 1890s through to the mid-2000s.¹ The maiden mineral resource estimate (the "Maiden MRE") covering the Goldwedge and Manhattan Pit areas of Manhattan is comprised of 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 oz contained gold in the inferred category.²
A historical mineral resource estimate (the "Historical MRE") covers the Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas of Manhattan and comprises 1,652,325 tonnes grading 5.89 g/t gold for a total of 303,949 oz contained gold.³ The deposit is interpreted as a low-sulfidation, epithermal, gold-rich system situated adjacent to the Tertiary-aged Manhattan caldera in the Southern Toquima Range of Nevada. A "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") has not done sufficient work to make the Historical MRE current, and the Company is not treating the Historical MRE as current.
Notes
Adjacent Properties: The Company has no interest in, or rights to, any of the adjacent properties mentioned, including the Round Mountain Gold Mine, and exploration results on adjacent properties are not necessarily indicative of mineralization on the Company's properties. Any references to exploration results on adjacent properties are provided for information only and do not imply any certainty of achieving similar results on the Company's properties.
Historical Data: This news release includes historical information that has been reviewed by the Company's qualified person. The Company's review of the historical records and information reasonably substantiate the validity of the information presented in this presentation. The Company encourages readers to exercise appropriate caution when evaluating these data and/or results.
Third-Party Mineral Projects: These deposits are cited solely for geological context. The Company cautions that these properties are not necessarily adjacent to, nor does the Company or have any interest in or control over them. Although certain geological features may be similar, there is no assurance that mineralization comparable to these deposits will be discovered on any of the Company's properties. Information regarding the aforementioned deposits is taken from publicly available sources and technical reports believed to be reliable but has not been independently verified by the Company. The Company encourages readers to exercise appropriate caution when evaluating these data and/or results.
Mineral Resource Estimate (MRE): All scientific and technical information relating to Manhattan pertaining to Maiden MRE contained in this news release is derived from the Technical Report dated April 23, 2026 (with an effective date of June 4, 2025) titled "Mineral Resource Estimate and NI 43-101 Technical Report" (the "Technical Report") prepared by Matthew R. Dumala, P.Eng (BC) of Archer Cathro Geological (US) Ltd., Patrick Loury, M.Sc., CPG (AIPG) of Daniel Kunz & Associates, Annaliese Miller, LG (WA) of Geosyntec Consultants, Inc. and Art Ibrado, PhD, PE (AZ) of Fort Lowell Consulting PPLC. The information contained herein in respect of the Maiden MRE is subject to all of the assumptions, qualifications and procedures set out in the Technical Report and reference should be made to the full text of the Technical Report, a copy of which has been filed with the applicable securities regulators and is available under the Company's profile on www.sedarplus.ca.
Historical MRE: A Qualified Person has not done sufficient work to make the Historical MRE current, and the Company is not treating the Historical MRE as current.The Company considers the Historical MRE relevant as it demonstrates the presence of significant gold mineralization across multiple zones within Manhattan; however, its reliability is uncertain because it was prepared prior to the adoption of the current CIM Definition Standards and current QA/QC practices. The Historical MRE provides limited disclosure of assumptions, parameters, estimation methods, cutoff grades, and QA/QC protocols, and therefore these cannot be fully verified by the Company. The categories used in the historical estimate predate, and are not directly comparable to, current CIM Definition Standards, and the Company is not treating the Historical MRE as a current Mineral Resource Estimate. To upgrade and verify the Historical MRE in order to make it a current Mineral Resource Estimate, the Company would be required to undertake confirmatory drilling, modern QA/QC sampling, validation and digitization of historical datasets and updated geological modeling followed by the preparation of a new Mineral Resource Estimate in accordance with CIM Definition Standards and NI 43-101. The Company encourages readers to exercise appropriate caution when evaluating the Historical MRE.
All scientific and technical information relating to Manhattan pertaining to the Historical MRE contained in this news release is derived from the Technical Report dated May 1997 titled "Exploration and Pre-Production Mine Development, Manhattan District Project, Nye County" (the "Historical Technical Report") prepared by New Concept Mining, Inc. The information contained herein in respect of the Historical MRE is subject to all the assumptions, qualifications and procedures set out in the Historical Technical Report and reference should be made to the full text of the Historical Technical Report.
References: (1) Strachan, D. G., and Master, T. D., 2005: Update and Revision of the Gold Wedge Project Development, Nye County. Report prepared for Nevada; Royal Standard Minerals, Inc. and dated March 31, 2005; (2) Dumala, M. R., and Lowry, P., 2025: Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada. Report prepared for Scorpio Gold Corporation and dated October 23, 2025 (with an effective date of June 4, 2025); and (3) Berry, A., and Willard, P., 1997: "Exploration and Pre-Production Mine Development, Manhattan District Project, Nye County". Report prepared for New Concept Mining, Inc. and dated May 1997.
Qualified Person
The scientific and technical information in this news release has been reviewed, verified and approved by Thomas Poitras, P. Geo., Chief Geologist of Scorpio Gold, a "Qualified Person", as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Verification included review of laboratory certificates, review of field logs and chain-of-custody records, inspection of blank/standard/duplicate performance, and review of collar and down-hole survey data. No limitations or failures to verify were identified.
About Scorpio Gold Corp.
Scorpio Gold holds a 100% interest in the Manhattan District located in the Walker Lane Trend of Nevada, USA. Scorpio Gold's Manhattan District is ~4,780-hectares and comprises the advanced exploration-stage Goldwedge Mine, with a 400 ton per day maximum capacity gravity mill, and four past-producing pits that were acquired from Kinross in 2021 (see news release dated March 25, 2021 https://scorpiogold.com/news/scorpio-gold-closes-purchase-of-kinross-manhattan-property-nye-county-nevada/). The consolidated Manhattan District presents an exciting late-stage exploration opportunity, with over 140,000 metres of historical drilling, significant resource potential, and valuable permitting and water rights.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Connect with Scorpio Gold:
Email | Website | Facebook | LinkedIn | X | YouTube
To register for investor updates please visit: scorpiogold.com
(TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9)
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management as of the date of this news release.
Forward-looking statements in this news release include, among others, statements relating to: the timing, scope and interpretation of assay results; potential for resource growth and discovery; the potential continuity, extent, grade and characteristics of mineralization along the Reliance Trend, Black Mammoth, Gap Zone, Zanzibar Trend and Mustang Hill; the intended follow-up exploration activities and timing thereof; the Company's exploration plans and objectives; expected future drilling programmes; anticipated timing of future disclosures and announcements; and other statements that are not historical facts. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including: that the Company will be able to obtain sufficient financing to complete planned exploration activities; that the Company will be able to obtain necessary permits and regulatory approvals in a timely manner; that exploration results will be consistent with management's expectations; that general business and economic conditions will not change in a materially adverse manner; that equipment and qualified personnel will be available when required; and that the Company's interpretations of geological data are accurate. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations, which may not be available when needed or on acceptable terms and conditions; the inherent risks involved in the exploration and development of mineral properties, including uncertainties related to the interpretation of drill results and other geological data; fluctuations in commodity prices; compliance with extensive government regulation and changes in domestic and foreign laws and regulations that could adversely affect the Company's business and results of operations; uncertainties related to obtaining necessary permits and regulatory approvals; risks related to the Company's ability to retain key personnel; environmental risks and hazards; title matters and surface rights issues; competition in the mining industry; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance; and other risks and uncertainties disclosed in the Company's public filings.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305095
Source: Scorpio Gold Corp
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The US Dollar (USD) is trading practically flat against the Swiss Franc (CHF) on Tuesday, consolidating gains after a 0.7% rally on Monday, boosted by rising geopolitical tensions and hawkish Comments by Federal Reserve (Fed) Governor Christopher Waller.
Waller said on Monday that the Fed would have to tighten its monetary policy in the near-term if inflation remains above the 2% target. Investors brought forward rate hike bets, following Waller's comments, and sent the US Dollar higher across the board.
The focus on Tuesday is on June’s US Consumer Price Index (CPI), which is highly likely to confirm Waller’s expectations with figures well beyond target. These data are likely to frame the first session of Fed Chairman Kevin Warsh’s testimony before Congress, which is due later on the day. The risk is skewed to the upside for the US Dollar.
Technical Anañysis: The next bullish target is the 0.8170 area
USD/CHF broke the year-to-date high at 0.8130, confirming that the corrective reaction of the last two weeks has been completed, with the impulsive candle on the daily chart suggesting that bulls have taken control. Momentum indicators support this view, with the 14-day Relative Strength Index (RSI) in positive territory without yet reaching extreme overbought levels, and the Moving Average Convergence Divergence (MACD) line attempting to cross the Signal line, which is a bullish sign.
Immediate resistance is at the mentioned high, at 0.8150, although the confluence of the July 2025 top and the 127.2% Fibonacci retracement of the late June-early July reversal, at 0.8170, seems a more plausible target. Further up, the 161.8% Fibonacci retracement of the mentioned cycle is at 0.8210.
A confirmation below the previous YTD high, in the 0.8130 area, is likely to find support at the 0.8070-0.8080 area, where the bottom of the ascending channel from early June lows meets Monday's lows. Below here, bullish momentum would fade, and the July 2 low, near 0.8010, would return to the focus.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Swiss Franc.
USDEURGBPJPYCADAUDNZDCHFUSD0.04%0.23%0.36%-0.39%0.10%-0.55%0.69%EUR-0.04%0.18%0.33%-0.44%0.01%-0.60%0.65%GBP-0.23%-0.18%0.11%-0.61%-0.17%-0.77%0.51%JPY-0.36%-0.33%-0.11%-0.82%-0.26%-0.95%0.28%CAD0.39%0.44%0.61%0.82%0.57%-0.12%1.13%AUD-0.10%-0.01%0.17%0.26%-0.57%-0.61%0.54%NZD0.55%0.60%0.77%0.95%0.12%0.61%1.30%CHF-0.69%-0.65%-0.51%-0.28%-1.13%-0.54%-1.30% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
AstraZeneca zaplatí společnosti Dizal Pharmaceutical 600 milionů USD předem za globální práva k pilulce proti rakovině plic Zegfrovy, s možností dalších 900 milionů USD při splnění cílů.
AstraZeneca PLC (LSE:AZN, NASDAQ:AZN) has agreed to pay $600 million upfront to secure worldwide rights to a lung cancer pill developed by China's Dizal Pharmaceutical.
The Cambridge-based drugmaker could pay a further $900 million if the treatment hits certain development, regulatory and sales targets.
Dizal will also receive a share of future global sales.
The drug, sold under the brand name Zegfrovy, is a once-daily tablet that treats a common form of lung cancer.
It targets non-small cell lung cancer, which accounts for around 80% to 85% of all lung cancer cases.
Specifically, it is designed for patients whose tumours carry a genetic fault known as an exon 20 insertion mutation, an error in the DNA that helps drive cancer growth.
Such patients have historically had few targeted treatment options.
The pill works by blocking a protein called EGFR, which sits on the surface of cells and can fuel the growth of tumours when it malfunctions.
Zegfrovy is already approved in the United States and China for patients whose cancer has returned after standard chemotherapy.
The deal hands AstraZeneca the rights to sell and further develop the drug everywhere else in the world.
Dave Fredrickson, who runs AstraZeneca's oncology business, said the treatment would give patients with limited options a differentiated oral therapy.
Xiaolin Zhang, chief executive of Dizal, said the larger partner would help bring the drug, discovered by Chinese scientists, to patients globally.
The agreement adds to AstraZeneca's existing stable of lung cancer medicines, which includes its blockbuster tablet Tagrisso.
Dizal recently reported positive results from a late-stage trial testing Zegfrovy as a first treatment for newly diagnosed patients, rather than only after chemotherapy has failed.
Those findings were presented at a major cancer conference and published in the New England Journal of Medicine.
On the strength of that data, applications to expand the drug's approved use have been filed with regulators in both the United States and China.
The transaction is expected to complete in the second half of 2026, subject to regulatory clearance.
AstraZeneca said the deal would not affect its financial guidance for the year.
Lung cancer remains the leading cause of cancer death worldwide, accounting for roughly one in five such deaths.
Komentáře hlavního ekonoma Paula Conwaye znovu zvýšily sázky na rychlejší zpřísnění RBNZ, protože trh nyní očekává OCR kolem 3,0 % do prosince. AUD/NZD tím míří k linii neckline důležitého double top.
Only a week after the Reserve Bank of New Zealand suggested lower oil prices would help ease inflation, one of its most senior policymakers is already questioning that assumption. Chief Economist Paul Conway’s latest remarks have given the New Zealand Dollar another boost, as investors conclude that the recent rebound in energy prices could require the RBNZ to tighten policy further than markets anticipated just days ago. That shift is now pushing AUD/NZD toward the neckline of an important double top, with the cross reflecting diverging monetary policy paths on either side of the Tasman.
Conway’s speech, “Finding Signal in the Inflation Noise“, acknowledged that falling oil prices had initially eased near-term inflation pressures. However, he argued the recent resurgence in Middle East tensions has delivered “another significant inflation shock” and warned that inflation may not slow as quickly as the RBNZ’s own forecasts suggest.
More importantly, he pointed to structural changes in New Zealand’s pricing behavior. New research from the central bank indicates businesses are passing higher costs through to consumers more readily than in the past while proving less willing to reverse those increases when costs decline. If that behavior alters inflation expectations, Conway said, “monetary policy may need to respond more firmly to re-anchor inflation expectations,” while cautioning that well-anchored expectations “cannot be taken for granted.”
Markets responded by bringing forward expectations for further tightening. Overnight index swaps now imply the Official Cash Rate rising from current 2.50% to around 3.0% by December, with another increase expected early next year. That marks a notable shift from the narrative surrounding last week’s policy decision, when lower fuel prices had encouraged expectations that the RBNZ could move only gradually after delivering its first rate hike in three years. The rebound in oil prices has quickly forced investors to reassess that outlook.
The implications are particularly clear in AUD/NZD. While the Reserve Bank of Australia has already delivered three rate hikes this year and is widely expected to adopt a slower, more measured pace, the RBNZ is viewed as having more ground to make up. That narrowing policy gap provides a strong fundamental backdrop for continued New Zealand Dollar outperformance.
The technical picture is beginning to reinforce that macro story. AUD/NZD has already shown signs that the five-wave rally from 1.0649 has run its course, with bearish divergence emerging on D MACD. Focus is now squarely on the 1.1970 neckline. A decisive break would confirm a double top at 1.2283 and 1.2256, opening the way toward 38.2% retracement of 1.0649 to 1.2283 at 1.1659.
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.
Ondo spustilo 24/7 okamžité mintování a zpětný odkup tokenizovaných amerických akcií a ETF na Ethereum, BNB Chain a Solanu. Týká se to šesti aktiv včetně SPYon, QQQon, CRCLon, NVDAon, TSLAon a GOOGLon.
Ondo launches 24/7 minting and redemption for tokenized stocks, closing a weekend gap that has cost traders up to 46 times more on other platforms.
Trading a tokenized stock at 2 a.m. on a Sunday used to mean one thing, moving an asset between wallets, not actually creating or redeeming it. Ondo just changed that.
Ondo has launched 24/7 instant minting and redemption for tokenized U.S. stocks and ETFs, live now across Ethereum, BNB Chain, and Solana.
The upgrade expands beyond Ondo's existing 24/5 minting window and applies to six of its most actively traded tokenized assets, SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon, with more expected to follow.
Why this is actually newSeveral platforms have advertised 24/7 trading for tokenized stocks before.
But that claim has always come with an asterisk, the round-the-clock access has applied only to transferring an asset between wallets or exchanges, not to minting new tokens or redeeming existing ones for cash.
Minting and redemption, the actual creation and settlement of these tokenized assets, has continued to follow traditional market hours, pausing over weekends just like the underlying stock exchanges.
Ondo Stocks already supported 24/7 permissionless transfers, letting users hold and move tokenized assets across supported wallets, exchanges, and protocols at any time.
What was missing was the ability to mint or redeem those same assets outside of standard trading hours. This update closes that gap, eligible users can now mint or redeem supported assets at the current prevailing price, any day, at any hour, including weekends and U.S. public holidays.
Why the price you pay depends on where you tradeThe practical impact of this shows up most clearly in execution costs.
Ondo shared data comparing weekend trading costs on its platform against other tokenized stock venues.
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For a $100,000 trade in tokenized Circle stock (CRCLon), execution cost on Ondo averaged $33, compared to $835 on another platform, 25 times higher. Tokenized Google stock (GOOGLon) showed the widest gap, costing $43 on Ondo versus $1,644 elsewhere, 38 times higher. Tokenized Nvidia stock (NVDAon) showed the largest multiple of all, at $13 on Ondo versus $738 elsewhere, 57 times higher. Tesla showed a 25 times gap, the Invesco QQQ ETF showed a 7 times gap, and the SPDR S&P 500 ETF showed a 5 times gap.
Trending on TheStreet Roundtable:Cathie Wood's ARK issues bold prediction on U.S. digital dollarAnalysts stunned by Robinhood's $3.1 billion debut weekMicroStrategy sells shares to boost U.S. dollar reserveThis gap comes down to how liquidity is sourced. Ondo's tokenized stocks draw liquidity directly from public markets, where trading depth is substantial.
Other platforms rely on onchain liquidity pools, which are limited in depth by design, meaning larger trades, especially over weekends when markets are thinner, can move prices significantly and cost traders far more.
Why this matters for tokenized markets broadlyDemand for always-on access to traditional financial assets has been growing steadily, as investors increasingly expect the same speed and flexibility from tokenized stocks that they already get trading crypto.
By extending minting and redemption to a full 24/7 cycle, Ondo is positioning tokenized stocks to function with the same continuous liquidity and utility as the crypto markets they trade alongside.
Ondo Stocks has built a significant lead in this space already, listing more than 430 tokenized stocks and ETFs across Solana, Ethereum, and BNB Chain, and becoming the first platform in the category to surpass $1 billion in total value locked, more than every other tokenized stock platform combined.
That infrastructure also allows tokenized stocks to be used as collateral across platforms including Ondo Perps, Morpho, and Euler.
Ondo says this 24/7 minting and redemption upgrade builds directly on that foundation, with further expansion of its always-on infrastructure planned as tokenized markets continue moving toward a fully continuous trading model.
Monvera, broker s AI na platformě Virtuals Protocol, spustil 14. července $MONVERA a přístup k přibližně 95 tokenizovaným akciím na Robinhood Chain. Platforma umožňuje obchodování i správu portfolia přes AI rozhraní.
Monvera, an AI-powered broker built on Virtuals Protocol, went live on July 14 with its own $MONVERA token and direct access to tokenized equities on Robinhood Chain. The platform represents one of the first concrete examples of AI agents managing real-world assets on-chain, rather than just trading memecoins and posting tweets.
What Monvera actually does The platform connects to approximately 95 real tokenized stocks available through Robinhood’s blockchain infrastructure, giving users the ability to execute trades, manage portfolios, and liquidate positions through an AI interface.
The headline feature is portfolio-level actions. Instead of manually selling each position, users can dump their entire tokenized stock portfolio in a single click.
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Monvera also supports gasless interactions, meaning users don’t need to hold native tokens to pay transaction fees.
The $MONVERA token launched with a total supply of 1 billion tokens. The allocation breakdown: 69.3% is reserved for pledger allocation and available for immediate claims, 23% goes to the liquidity pool, and 7.7% is set aside for developer vesting.
The Virtuals Protocol backbone Monvera is built on Virtuals Protocol, which has been assembling infrastructure for AI agent tokenization across multiple blockchains including Base and Solana. The critical milestone came on July 1, when Virtuals Protocol integrated its AI agent infrastructure with Robinhood Chain’s mainnet. In June, the platform was involved in trading tokenized assets alongside Ondo Finance, one of the larger players in the tokenized treasury and real-world asset space.
What this means for investors With nearly 70% of supply available for immediate claims, early selling pressure could be significant. The 23% liquidity pool allocation should help absorb some of that, but it’s a structure that rewards early movers and could punish latecomers.
Virtuals Protocol has a first-mover advantage in combining AI agents with tokenized equities. Any protocol that can replicate this functionality, especially with access to a broader range of tokenized assets beyond Robinhood’s current catalog of roughly 95 stocks, could quickly become a serious competitor.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
HYPE v pondělí klesl o více než 2 % na zhruba 65 USD a testuje klíčovou support zónu u 63,13 USD. ETF na HYPE zároveň přilákaly za minulý týden čisté přílivy ve výši 10,36 milionu USD, už podeváté v řadě.
Key Takeaways HYPE has declined more than 2% on Monday, with the token now challenging critical support near the $68.50 trendline Futures Open Interest contracted by over 2% across 24 hours to reach $2.72 billion, accompanied by $2.48 million in liquidated long positions Institutional investors poured $10.36 million into HYPE ETFs during the previous week, marking a ninth uninterrupted week of capital inflows Markets launched under HIP-3 have expanded their share of Hyperliquid perpetual trading volume from 2% to approximately 50% throughout 2026 Critical support rests at the 50-day EMA level of $63.13; a breakdown beneath this threshold may drive prices toward $53.71 Hyperliquid (HYPE) is currently exchanging hands near $65 on Monday, reflecting a decline exceeding 2% as widespread risk aversion across markets weighs on cryptocurrency valuations. This downturn continues the negative price movement observed during the previous week.
Hyperliquid (HYPE) Price Escalating geopolitical tensions between the United States and Iran centered around oil tanker navigation rights in the Strait of Hormuz have triggered a flight from risk-oriented assets, with cryptocurrencies caught in the selloff. Alternative tokens such as HYPE have experienced heightened selling pressure as a result.
Derivatives market intelligence from CoinGlass indicates that Open Interest decreased by more than 2% during the last 24-hour period, settling at $2.72 billion. Aggregate liquidation events reached $2.93 million, with positions betting on price increases accounting for $2.48 million of this figure.
The funding rate metric has experienced a pronounced decline to 0.0275%, signaling an increase in traders establishing short positions. This represents a notable departure from the optimistic market positioning observed in prior weeks.
Institutional Capital Continues Flowing In Notwithstanding near-term price weakness, HYPE exchange-traded funds attracted $10.36 million in net inflows throughout the past week. This achievement represents the ninth consecutive week that institutional investment vehicles focused on HYPE have recorded positive capital flows.
Source: SoSoValue Cryptocurrency analyst Michaël van de Poppe shared an optimistic assessment on July 12, stating that the HYPE chart “is ready to break out upwards” with a price objective of $100. His thesis rests on consistent revenue expansion, a pattern of ascending peaks and troughs, and the asset maintaining position above both its 21-day and 50-day moving average indicators.
The $HYPE chart is super strong.
It's ready to break out upwards, and the next target is going to be $100.
The reasons for the fact that this is the case:
– Constant revenue growth and value accrual to the token.
– Holding above the 21-Day and 50-Day MA's.
– Constant higher… pic.twitter.com/S6AZSY1Ecr
— Michaël van de Poppe (@CryptoMichNL) July 12, 2026
From a technical perspective, HYPE is currently challenging a breakout from an important ascending trendline situated around $68.50. The 50-day exponential moving average positioned at $63.13 now represents the nearest support zone requiring monitoring.
The Relative Strength Index has deteriorated below the neutral 50 mark to 48, while the MACD indicator is charting below its signal line. These technical readings collectively suggest diminishing bullish momentum.
A daily candle closure beneath the $63.13 threshold could establish conditions for a move toward the 50% Fibonacci retracement level located at $53.71. Conversely, a price recovery scenario would establish the previous swing high at $75.58 as the initial resistance target.
The protocol’s contribution to aggregate Hyperliquid perpetual futures volume has surged from roughly 2% when 2026 commenced to approaching 50% presently. This expansion correlates with increasing retail trader appetite for onchain equity derivatives products.
TradeXYZ has emerged as the dominant participant within this category, operating markets including XYZ100 (which tracks the Nasdaq-100 index) alongside individual equity perpetuals on companies like Nvidia and Tesla, all settled using stablecoins.
The continuous 24/7 market availability represents a fundamental attraction point—participants can respond to breaking developments at any moment without restriction to traditional market hours.
HYPE exchange-traded funds documented their ninth consecutive week of institutional capital inflows totaling $10.36 million as of the most recent reporting period.
Iran’s parliament has passed a bill claiming sovereign control over the Strait of Hormuz, the narrow waterway that handles roughly 20% of global oil trade. The legislation bans “hostile ships” from passage and codifies a toll system that accepts payment in yuan, Bitcoin, and stablecoins.
The crisis timeline The roots of this legislation trace back to late February 2026, when Iran imposed a blockade on the strait. That move kicked off what’s now being called the 2026 Strait of Hormuz crisis. A ceasefire in June offered a brief reprieve. By early July, Iran’s Revolutionary Guard Corps resumed aggressive operations in the waterway, targeting commercial vessels on what Tehran deemed “unapproved” routes.
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On July 13, Iranian forces attacked commercial tankers, including UAE-owned vessels, killing at least one crew member.
During ceasefire periods reported in April 2026, Iran had already been extracting transit tolls of approximately $1 per barrel from passing vessels, accepted in yuan, Bitcoin, or stablecoins.
Why crypto is the real story here Iran’s adoption of Bitcoin and stablecoins for sovereign transactions is unprecedented. Traditional banking channels are walled off by sanctions. By accepting digital currencies for maritime tolls, Tehran has built a sanctions-evasion mechanism into its sovereignty claims. Tether has historically frozen wallets associated with sanctioned entities, but the scale and state-backed nature of this use case is entirely different from previous incidents.
Competing tolls, competing claims Former President Trump has proposed his own 20% toll on vessels transiting the strait, coinciding with re-imposed blockades as of July 2026. The competing toll proposals from Washington and Tehran over the same body of water underscore how contested this waterway has become.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Další poradenské firmy v USA zveřejnily pozice v XRP ETF, což potvrzuje rostoucí institucionální zájem. Moisand Fitzgerald Tamayo drží 964 kusů Franklin XRP ETF a Main Street Group 5 261 kusů Canary XRP ETF.
Moisand Fitzgerald Tamayo, a registered investment advisor (RIA) based in Orlando, Florida, has disclosed that it holds shares of the Franklin XRP exchange-traded fund (ETF).
In its latest 13F filing with the US Securities and Exchange Commission (SEC), the company reported holding 964 shares of the ETF, valued at around $11,000 at press time. The firm boasts $1.35-$1.4 billion in assets under management (AUM) and is currently ranked among the top 500 RIAs in the US and named to the Best Financial Advisory Firms list.
Source: sec.gov
XRP ETFs attract institutional interestA similar Virginia-based firm, Main Street Group, also disclosed XRP exposure. According to its Q2 2026 regulatory filing, the firm holds 5,261 shares (valued at roughly $58,292 at the time of writing) in the Canary XRP ETF.
Additional firms with exposure in various XRP ETFs include Larson Financial Group ($1.8 million), Q3 Asset Management ($430,000), and Hurley Capital ($135,000). These firms join more prominent players like Flow Traders, whose XRP ETF is worth $1.93 million and makes up the largest institutional XRP ETF portfolio.
While the amount of funds invested varies, the above filings indicate increased institutional interest in XRP ETFs. According to MarketBeat, institutional investors purchased over 160,000 XRP ETF shares in the last 24 months. In the past year, inflows into these investment vehicles have totaled $2.50 million with zero outflows.
Source: MarketBeat
Token price is not reflective of ETF inflowsDespite rising institutional investment in XRP ETFs, the token itself is down 62.16% over the past year, trading at $1.06. Investor anticipation of US Fed interest hikes to curb inflation has also caused a recent market downturn, with XRP down over 3% in the past day.
Source: CoinMarketCap
That said, there just may be a silver lining, since the token has printed a chart similar to one from a time when it surged by 60,000%.
Story Ends Here
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Doppler Finance a SBI Digital Finance uzavřely strategické partnerství s cílem rozšířit institucionální financování XRP v Japonsku. Zaměří se na úvěrování, likviditu a správu kolaterálu pro profesionální trh.
Doppler Finance and SBI Digital Finance have formed a strategic partnership to expand institutional XRP finance in Japan.
Summary
Doppler and SBI Digital Finance will build regulated institutional XRP infrastructure for Japan’s financial market. The partnership targets lending, liquidity, collateral management and tokenized assets rather than retail trading services. SBI’s broader crypto strategy includes exchanges, stablecoins, payments, rewards and institutional market infrastructure projects. The companies announced the agreement on July 13, saying they will work on digital asset infrastructure for professional market participants.
The partnership combines Doppler’s tokenized capital market systems with SBI Digital Finance’s institutional network and crypto lending experience. The announcement did not disclose financial terms, launch dates, named clients or a specific product ready for release.
Partnership targets institutional XRP infrastructure Doppler and SBI Digital Finance plan to support infrastructure for XRP and other digital assets in Japan. Their stated work areas include institutional solutions for XRP, tokenized assets and wider tokenized financial markets, subject to applicable Japanese rules. The services could target banks, funds and professional trading firms.
Doppler Finance X SBI Digital Finance
Doppler Finance and SBI Digital Finance Announce Strategic Partnership to Expand Institutional XRP Finance in Japan
The partnership brings together Doppler’s digital asset infrastructure and SBI Digital Finance’s institutional market… pic.twitter.com/pTSyxkXgYM
— Doppler Finance (@doppler_fi) July 14, 2026 The companies said institutional demand now reaches beyond custody. They expect market participants to seek systems for liquidity, financing, collateral management and better use of capital. The partnership focuses on those functions rather than retail trading or a new consumer XRP service.
SBI Digital Finance brings lending experience SBI Digital Finance operates HashHub Lending, a Japan-based service for lending crypto assets. Doppler said the company brings market relationships, risk controls and operational experience that could support products designed for institutions.
Rox, Doppler Finance’s head of institutions, said the company aims to “transform digital assets from passive holdings into productive financial capital.” The statement presents that goal as a development plan. It does not confirm that institutions can already access a new XRP lending, yield or collateral product through the partnership.
Agreement extends Doppler’s work with SBI companies The new agreement follows an earlier link between Doppler and another SBI business. In December 2025, SBI Ripple Asia and Doppler signed a memorandum to explore XRP-based yield infrastructure and real-world asset tokenization on the XRP Ledger. The partners selected SBI Digital Markets to provide institutional custody for that initiative.
The July partnership names SBI Digital Finance, a separate lending-focused company within the wider SBI network. Doppler has not explained whether the two agreements will share products, custody arrangements or customers. Both initiatives center on regulated infrastructure intended to give institutions more ways to use XRP and tokenized assets.
SBI expands Japan’s regulated digital asset network Japan already hosts a broad SBI-led XRP ecosystem. As previously reported, SBI companies have supported regulated prepaid tokens on the XRP Ledger, RLUSD distribution, tokenized bonds with XRP rewards and other payment and investment services. The latest partnership adds lending and capital-market infrastructure to that wider activity.
SBI has also expanded its exchange and institutional market reach. The group moved to acquire Bitbank after SBI VC Trade absorbed Bitpoint Japan. Separately, SBI led EDX Markets’ $76 million funding round for institutional trading, clearing and settlement infrastructure.
Related activity has also drawn XRP-focused firms toward Japan. As reported by crypto.news, Evernorth recently opened a Japanese-language presence while pursuing a planned public XRP treasury. SBI committed $200 million to the proposed transaction, although Evernorth did not announce a new Japanese license, office or product.
The Doppler partnership remains at the development stage. Neither company identified lending rates, supported assets beyond XRP, collateral terms, custody providers or an expected launch window. Future announcements will need to define the services institutions can use and the regulatory approvals required in Japan.
David Schwartz uvedl, že SEC v žalobě opakovaně tvrdila, že samotné XRP je cenný papír, nejen prodeje Ripple. Soud ale v roce 2023 oddělil XRP od konkrétních transakcí.
Ripple CTO Emeritus David Schwartz has challenged claims that the U.S. Securities and Exchange Commission focused only on Ripple’s sales of XRP.
Summary
David Schwartz says the SEC repeatedly portrayed XRP itself as a security during Ripple litigation. Marc Fagel argues the case ultimately tested whether Ripple sold XRP through unregistered securities offerings. The 2023 ruling separated XRP tokens from transactions, rejecting programmatic sales while penalizing institutional deals. He said the agency’s complaint and public statements repeatedly described XRP itself as a security before the court rejected parts of that broader position.
The exchange followed comments from former SEC attorney Marc Fagel, who said the case ultimately turned on whether Ripple sold XRP through unregistered securities offerings. Schwartz argued that this summary leaves out the regulator’s original language and the court’s response to it.
Schwartz disputes narrower reading of SEC case In a July 14 X exchange, Fagel said the SEC needed to prove that Ripple sold XRP as a security to establish a Section 5 violation. He added that the agency did not need to decide every secondary-market transaction in its case against Ripple.
Schwartz agreed that Ripple’s sales mattered but rejected the claim that this was the regulator’s only argument. He wrote, “The complaint itself frequently refers to XRP itself as the security.” He called the narrower retelling “an attempt at completely rewriting history.”
You are ignoring the entire thrust of their argument, their statements around it, and the pushback they got from the court. This is an attempt at completely rewriting history.
The complaint itself frequently refers to XRP itself as the security. The SEC's press release… pic.twitter.com/pjF6Ku0Jbf
— David 'JoelKatz' Schwartz (@JoelKatz) July 13, 2026 SEC complaint used broad language around XRP The SEC’s December 2020 complaint said Ripple and its executives sold more than 14.6 billion units of a “digital asset security called XRP.” The regulator alleged that the sales raised more than $1.38 billion without registration or an exemption.
The SEC’s public announcement focused on Ripple’s alleged unregistered offering and its executives’ personal sales. Fagel later acknowledged that the agency’s messaging lacked nuance and that its points appeared to change during the case. He maintained that the final legal question concerned Ripple’s XRP transactions.
Court separated the token from each transaction Judge Analisa Torres drew a distinction between XRP and the contracts or schemes used to sell it. Her July 2023 order said XRP, as a digital token, was not “in and of itself” a contract, transaction or scheme that met the Howey test.
The court then reviewed Ripple’s sales by category. It found that about $728.9 million in direct institutional sales constituted unregistered investment contracts. Programmatic exchange sales did not meet the same test because buyers did not know whether Ripple or another holder sold the tokens.
Ripple case ended with split ruling intact The SEC and Ripple dismissed their appeals in August 2025, formally ending the civil case. The final judgment kept a $125.04 million penalty and a permanent injunction tied to future unregistered institutional sales.
Notably, the XRP community marked July 13 as the third anniversary of the 2023 ruling. The decision protected Ripple’s programmatic exchange sales while leaving its institutional transactions subject to securities law.
Related reporting showed that Ripple considered closing after the SEC filed its complaint. The company continued the case and spent about $150 million on its legal defense, according to Ripple executives, as reported by crypto.news.
Schwartz said the court’s rejection of the SEC’s broader position formed a major part of Ripple’s victory. Fagel said the outcome still centered on whether Ripple’s sales qualified as securities transactions. Their exchange reflects a lasting dispute over the agency’s legal burden, public wording and the ruling that followed. That distinction still shapes how XRP’s legal history is described.
Bolívie zvažuje začlenění USDT od Tetheru do národního platebního systému jako regulovanou alternativu k bolivianu a USD. Zavedení zatím prochází technickým posouzením a vyžadovalo by přísnější AML kontroly.
Bolivia is evaluating a framework to integrate USDT into its national payments system as a regulated alternative to the boliviano and U.S. dollar.Crypto usage has spiked in the country, with transaction volumes hitting $430 million in the year after the central bank removed restrictions in mid-2024.Official adoption will require rigorous anti-money laundering controls because Bolivia remains on the Financial Action Task Force's grey list.Bolivia is considering adding Tether's USDT stablecoin to its national payments system, marking another step in the country's shift from banning crypto transactions to allowing regulated digital asset use.
Economy Minister José Gabriel Espinoza said at a press conference on Monday that the government is evaluating whether USDT could circulate alongside the boliviano, the country’s fiat currency, and the U.S. dollar.
The proposal remains under technical review and the government has not published implementation rules or granted the stablecoin legal-tender status, local news outlet La Razón reported.
Officials are developing a framework for banks, digital wallets and payment providers, according to Espinoza. Any rollout would require stronger anti-money laundering controls as Bolivia remains on the Financial Action Task Force's grey list, which subjects the country to increased monitoring over shortcomings in its financial crime regime.
The proposal comes amid a sharp rise in crypto adoption after Bolivia's central bank lifted restrictions on transactions in June 2024. Central bank data shows that crypto transaction volume climbed from $46.5 million in the first half of 2024 to $294 million during the same period last year. Total transaction volume rose 630% after restrictions were removed, the central bank has said.
Demand has increased as businesses and consumers look for alternatives to scarce U.S. dollars in the country. Bolivia ended its long-standing fixed dollar peg and moved to a floating exchange rate earlier this year.
State energy company YPFB announced plans last year to use crypto for energy imports, while Bolivia's central bank has also looked to El Salvador for help with its crypto regulatory framework.
State-controlled Banco Unión and its Yasta wallet start letting customers buy USDT through EFY Finance in April for international payments and remittances.
Oobit umožňuje posílat TRX přímo ze self-custodial peněženek na bankovní účty přes SEPA, ACH a Faster Payments. Platby se vypořádají během několika sekund bez swapu a bez prostředníků.
Getting crypto into your bank account has always felt like one too many steps. You sell on an exchange, wait for the withdrawal, pay a fee somewhere in the middle, and hope nothing breaks. Oobit just cut out most of that process for TRX holders.
The Tether-backed payments app announced on March 1, 2026 that users can now send TRX directly from self-custodial wallets to bank accounts via SEPA in Europe, ACH in the United States, and Faster Payments in the United Kingdom. Transfers settle in seconds, with no swaps required and no third-party intermediaries involved.
What Oobit actually built here The feature connects crypto wallets directly to traditional banking rails, three of them specifically, covering the major fiat corridors in Europe, the US, and the UK.
SEPA handles euro-denominated transfers across most of Europe. ACH is the backbone of US dollar bank payments. Faster Payments is the UK’s near-instant pound sterling network.
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The architecture routes transactions through DTR and leverages a partnership with DePay for execution. The absence of an intermediate swap is the notable part. Most crypto-to-bank pathways require converting to a stablecoin or fiat on an exchange first, which adds time, fees, and counterparty exposure. Oobit’s approach removes that layer.
This TRX-specific announcement builds on a broader rollout Oobit made just days earlier. On February 24, 2026, the company launched wallet-to-bank transfers supporting multiple tokens including BTC, ETH, USDT, and TRX. The March 1 announcement zeroed in on TRX specifically, signaling a deliberate push to deepen the TRON ecosystem’s integration with traditional finance.
Why TRON and why now Oobit is not a new name in the TRON ecosystem. The two have worked together previously on Tap and Pay functionality and merchant spending features, meaning this wallet-to-bank integration is the next step in an existing relationship rather than a cold start.
Oobit operates across more than 80 countries and supports transactions in over 180 countries. A wallet-to-bank feature that spans SEPA, ACH, and Faster Payments simultaneously covers most of the world’s retail banking population.
What this means for TRX holders and the broader market For investors holding TRX, the practical upgrade is straightforward. Liquidity becomes easier to access. You no longer need an account on a centralized exchange to convert your position to spendable fiat.
The Tether connection also deserves a mention. Tether, the issuer of USDT and one of the most influential entities in crypto infrastructure, backing Oobit gives the company both credibility and a natural distribution channel. USDT is already the dominant stablecoin on TRON. Having Tether-backed tooling that makes TRX more spendable and more liquid reinforces the network’s position as a payments layer.
The risk worth watching is regulatory. Direct crypto-to-bank transfers sit at the intersection of two heavily regulated industries. Banking regulators in the EU, US, and UK all have views on how fiat exits from crypto should be structured, and those views are not always consistent. Oobit will need to maintain compliance across all three payment rail jurisdictions simultaneously.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
JCB a Circle spouštějí pilot USDC pro interní přeshraniční treasury převody v Japonsku. Později chtějí testovat i platby u obchodníků a v kamenných prodejnách.
JCB has partnered with Circle to test USDC for internal treasury transfers and merchant payments in Japan, extending stablecoin use into cross-border corporate settlement and retail transactions.
Summary
JCB and Circle will test USDC for cross border treasury transfers and merchant payments in Japan. The first pilot will focus on JCB’s internal fund transfers before expanding to retail payment use. The agreement extends Circle’s institutional payments push following its U.S. trust bank approval and expansion across Asia. A July 14 statement from JCB said the Japanese payments company has signed a memorandum of understanding with a Circle affiliate to develop payment services using USD Coin (USDC), Circle’s dollar-backed stablecoin.
The first phase of the partnership will focus on a proof of concept for JCB’s internal cross-border treasury operations. The companies also plan to evaluate stablecoin payments at physical stores for merchants and international visitors travelling in Japan.
Alongside the pilot, the two firms said they will assess other payment services that combine Circle’s stablecoin infrastructure with JCB’s merchant network to support cross-border transactions and new payment options for businesses and consumers.
Coming days after Circle secured a key U.S. banking approval, the agreement adds another institutional payments partnership to the stablecoin issuer’s recent expansion efforts.
Earlier this month, the U.S. Office of the Comptroller of the Currency granted final approval for Circle National Trust, placing the company’s national trust bank under federal supervision. Circle said the institution will initially provide fiduciary digital asset custody services for the company and its affiliates, while future plans could include managing reserves backing USDC, although no timeline has been announced.
Outside the United States, Circle has also continued building relationships with regulated financial institutions. Standard Chartered recently introduced a service through its Dubai International Financial Centre operations that allows eligible institutional clients to mint and redeem USDC directly through the bank’s platform. BNY has also added USDC to its digital asset custody platform, enabling institutional clients to mint and redeem the stablecoin through its infrastructure.
Japan agreement follows Asia expansion The JCB partnership comes as Circle continues pursuing new institutional relationships across Asia.
Later this month, the company will host its invitation-only Current Seoul event, bringing together executives from banks, crypto exchanges, payment companies and technology firms to discuss digital asset regulation, cross-border payments and industry partnerships.
During an April visit to South Korea, Circle co-founder and CEO Jeremy Allaire met executives from KB Kookmin Bank, Shinhan Bank, Hana Bank, Upbit, Bithumb, and several payment companies to discuss potential cooperation through the Circle Payments Network for international payments.
Competition in the stablecoin sector has also intensified in recent weeks. Open USD, a competing dollar-backed stablecoin model, launched with a revenue-sharing structure that distributes reserve income among participating members.
However, several South Korean companies, including Samsung Electronics, Dunamu, Shinhan Financial Group, and K Bank, later told local media they had not formally agreed to join the consortium despite being listed as participants.
Regions Financial Corporation (NYSE:RF) will release its second quarter earnings report before the opening bell on Friday, July 17.
Analysts expect the Birmingham, Alabama-based company to report quarterly earnings of 63 cents per share, up from 60 cents per share in the year-ago period. The consensus estimate for Regions Financial’s quarterly revenue is $1.95 billion. It reported $1.92 billion last year, according to Benzinga Pro.
On July 2, Regions Financial announced it has closed on the acquisition of The Frazer Lanier Company, Incorporated.
Regions Financial shares gained 0.2% to close at $31.07 on Monday.
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 RF stock? Here’s what analysts think:
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GBP/CAD v pondělí klesl, protože růst cen ropy po obnoveném napětí mezi USA a Íránem podpořil kanadský dolar. Ropa na začátku seance vzrostla asi o 4 %.
The Pound to Canadian Dollar (GBP/CAD) exchange rate slipped on Monday as renewed conflict between the US and Iran lifted oil prices and supported the commodity-linked Canadian Dollar.
At the time of writing, GBP/CAD was trading at CA$1.8931, down around 0.2% on the day.
Latest — Exchange Rates:
Pound to Canadian Dollar (GBP/CAD): 1.891014 (-0.36%)
Euro to Canadian Dollar (EUR/CAD): 1.611545 (-0.28%)
Dollar to Canadian Dollar (USD/CAD): 1.41364 (-0.15%)
DAILY RECAP:
The crude-linked Canadian Dollar (CAD) firmed on Monday as escalating tensions in the Middle East triggered a rise in global oil prices.
After a lull in the fighting on Friday, hostilities between the US and Iran resumed on Sunday following an Iranian strike on a container ship in the Strait of Hormuz. The US responded by attacking Iranian targets, with Tehran further retaliating by targeting US allies in neighbouring Gulf states.
Markets are growing increasingly concerned that the conflict could intensify further, limiting shipping in the region. As a result, oil prices rose around 4% at the open on Monday. Although crude trimmed some of these gains as the session went on, CAD remained supported.
Meanwhile, the Pound (GBP) was mixed on Monday as a lack of UK economic data left the currency rudderless.
Sterling was able to avoid steep losses against the rising Canadian Dollar thanks to ongoing political optimism in the UK, with GBP investors remaining confident that the political uncertainty that has dogged the Pound over the past year was coming to an end.
Near-Term GBP/CAD Forecast: BoE Comments to Impact the Pound? Looking forward, Tuesday’s session starts with a speech from Bank of England (BoE) Governor Andrew Bailey.
Bailey has stuck to a cautious tone in recent weeks, arguing that the bank ought to wait and see how inflation plays out before considering adjusting policy. However, with global energy prices rising amid renewed US-Iran tensions, the Pound could tick higher if the BoE chief strikes a more hawkish chord.
Meanwhile, oil price dynamics are likely to drive the ‘Loonie’. CAD could remain supported if crude continues to climb amid escalating tensions in the Middle East.
Grupo Aeroportuario del Pacífico ve 2Q26 zvýšil tržby o 3,7 % na Ps. 11,29 miliardy a EBITDA o 8,4 % na Ps. 5,9653 miliardy. Současně upravil výhled na rok 2026: tržby mají růst o 7 % až 10 %.
GUADALAJARA, Mexico, July 14, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) reports its consolidated results for the second quarter ended June 30, 2026 (2Q26). The results presented in this report include the effects of the business combination effective May 1, 2026. The figures are unaudited and have been prepared following International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).
Summary of Results 2Q26 vs. 2Q25
The sum of aeronautical and non-aeronautical services revenues increased by Ps. 399.0 million, or 4.9%. Total revenues increased by Ps. 407.7 million, or 3.7%.Cost of services increased by Ps. 360.7 million, or 23.2%.Income from operations increased by Ps. 407.6 million, or 8.9%.EBITDA increased by Ps. 462.0 million, or 8.4%, an increase from Ps. 5,503.3 million in 2Q25 to Ps. 5,965.3 million in 2Q26. EBITDA margin (excluding the effects of IFRIC-12) went from 67.1% in 2Q25 to 69.3% in 2Q26. Comprehensive income increased by Ps. 215.4 million, or 9.6%, from an income of Ps. 2,234.9 million in 2Q25 to an income of Ps. 2,450.3 million in 2Q26.
Business Combination:
Effective May 1, 2026, the Company began recognizing the effects of the business combination involving the Cross Border Xpress (“CBX”) operations and the internalization of technical assistance and technology transfer services approved by the Extraordinary General Shareholders’ Meeting held on December 11, 2025, following the execution of the merger agreement on April 30, 2026. As a result of the merger, GAP issued 89,740,731 new net shares and currently has 595,018,195 shares outstanding, consisting of 519,226,576 Series B shares and 75,791,619 Series BB shares. In addition, the equity purchase agreement for the acquisition of the remaining 25% equity interest in CBX was completed, resulting in GAP consolidating 100% ownership of this business. Following the effectiveness of the merger, GAP assumed control of the merged entities to ensure the continuity of service provision, as well as the operation and management of CBX.
The business combination resulted in an increase in cash and cash equivalents of Ps. 5,427.1 million, accounts receivable of Ps. 86.7 million, intangible assets of Ps. 6,899.8 million, goodwill of Ps. 30,803.3 million, and machinery, equipment and improvements to leased buildings of Ps. 2,325.1 million, and the acquisition of OTV land for US$50.0 million (equivalent to Ps. 935.0 million). It also resulted in the recognition of liabilities, primarily comprising bank loans of Ps. 1,305.4 million, unrealized revenue of Ps. 337.7 million, accounts payable of Ps. 234.4 million, and deferred income tax of Ps. 216.9 million.
Based on the Company’s assessment, the merger qualifies as a business combination. Accordingly, the excess of the consideration transferred over the book value of the net assets acquired was recognized as non-current assets in the form of goodwill and identifiable intangible assets.
The Company is currently in the process of determining the fair values arising from the business combination. Accordingly, the amounts presented in the consolidated financial statements included in this report are preliminary and remain subject to change.
Passenger Traffic
During 2Q26, the 14 airports operated by GAP recorded a decrease of 891.6 thousand total passengers, representing a 5.6% decrease compared to 2Q25.
During this period, the following new routes were inaugurated:
Airport2Q252Q26Change6M256M26ChangeGuadalajara3,090.93,186.03.1%6,112.16,221.61.8%Tijuana *2,139.21,973.6(7.7%)4,196.73,942.2(6.1%)Los Cabos739.7723.3(2.2%)1,408.61,351.6(4.0%)Puerto Vallarta830.4779.2(6.2%)1,484.01,424.0(4.0%)Montego Bay0.00.00.0%0.00.00.0%Guanajuato576.8533.8(7.4%)1,092.31,044.7(4.4%)Hermosillo545.5497.2(8.9%)1,054.2977.8(7.3%)Kingston0.10.152.4%0.20.8417.5%Morelia173.1171.9(0.7%)359.2364.71.5%Mexicali305.7266.5(12.8%)598.8524.3(12.4%)La Paz328.1357.79.0%608.7671.510.3%Aguascalientes167.4160.8(3.9%)319.2299.7(6.1%)Los Mochis179.4175.5(2.1%)344.4338.8(1.6%)Manzanillo31.428.6(8.7%)66.161.3(7.3%)Total9,107.68,854.3(2.8%)17,644.517,222.8(2.4%) International Terminal Passengers – 14 airports (in thousands): Airport2Q252Q26Change6M256M26ChangeGuadalajara1,387.21,498.98.1%2,894.22,991.13.3%Tijuana *1,051.8950.1(9.7%)2,066.71,847.7(10.6%)Los Cabos1,224.41,084.3(11.4%)2,607.32,457.0(5.8%)Puerto Vallarta849.1619.0(27.1%)2,321.61,897.9(18.2%)Montego Bay1,264.7991.9(21.6%)2,603.61,909.3(26.7%)Guanajuato252.7222.1(12.1%)515.7480.0(6.9%)Hermosillo19.221.311.2%40.143.37.9%Kingston453.5435.4(4.0%)881.5850.2(3.6%)Morelia155.9191.823.1%330.1407.423.4%Mexicali1.81.92.1%3.63.72.7%La Paz8.912.743.7%17.625.344.1%Aguascalientes82.585.03.0%156.2162.23.9%Los Mochis2.02.28.1%3.94.02.7%Manzanillo18.316.8(8.2%)62.253.0(14.7%)Total6,771.86,133.4(9.4%)14,504.213,132.1(9.5%) *CBX users are classified as international passengers. Total Terminal Passengers – 14 airports (in thousands): Airport2Q252Q26Change6M256M26ChangeGuadalajara4,478.14,684.94.6%9,006.39,212.72.3%Tijuana *3,191.02,923.7(8.4%)6,263.35,789.8(7.6%)Los Cabos1,964.01,807.6(8.0%)4,015.93,808.6(5.2%)Puerto Vallarta1,679.51,398.2(16.7%)3,805.63,321.9(12.7%)Montego Bay1,264.7991.9(21.6%)2,603.61,909.3(26.7%)Guanajuato829.4756.0(8.9%)1,608.11,524.6(5.2%)Hermosillo564.7518.5(8.2%)1,094.31,021.1(6.7%)Kingston453.5435.5(4.0%)881.7851.0(3.5%)Morelia329.0363.710.6%689.3772.112.0%Mexicali307.5268.4(12.7%)602.4528.0(12.4%)La Paz337.0370.49.9%626.3696.811.3%Aguascalientes249.8245.8(1.6%)475.3461.9(2.8%)Los Mochis181.4177.7(2.0%)348.3342.8(1.6%)Manzanillo49.745.4(8.5%)128.3114.4(10.9%)Total15,879.414,987.7(5.6%)32,148.730,354.9(5.6%) *CBX users are classified as international passengers.
CBX Users (in thousands): Airport2Q252Q26Change6M256M26ChangeTijuana1,031.4935.9(9.3%)2,029.61,822.2(10.2%) Consolidated Results for the Second Quarter (in thousands of pesos): 2Q252Q26ChangeRevenues Aeronautical services5,763,188 5,578,099 (3.2%)Non-aeronautical services2,442,659 3,026,714 23.9%Improvements to concession assets (IFRIC-12)2,676,149 2,684,897 0.3%Total revenues10,881,996 11,289,710 3.7% Operating costs Costs of services:1,556,035 1,916,778 23.2%Employee costs638,722 769,895 20.5%Maintenance256,830 316,554 23.3%Safety, security & insurance232,516 260,363 12.0%Utilities148,732 149,214 0.3%Professional services58,332 84,772 45.3%Business operated directly by us86,632 99,427 14.8%Other operating expenses134,271 166,061 23.7%CBX operating expenses- 70,492 100.0% Technical assistance fees221,680 (264,685)(219.4%)Concession taxes935,280 915,543 (2.1%)Depreciation and amortization924,959 979,420 5.9%Cost of improvements to concession assets (IFRIC-12)2,676,149 2,684,897 0.3%Other (income)(10,461)71,837 (786.7%)Total operating costs6,303,642 6,303,790 0.0%Income from operations4,578,354 4,985,920 8.9%Financial Result(733,545)(946,284)29.0%Income before income taxes 3,844,809 4,039,636 5.1%Income taxes(1,189,674)(1,146,127)(3.7%)Net income 2,655,135 2,893,509 9.0%Currency translation effect(423,527)(443,277)4.7% Cash flow hedges, net of income tax2,668 - (100.0%)Remeasurements of employee benefit – net income tax667 69 (89.7%)Comprehensive income 2,234,943 2,450,301 9.6%Non-controlling interest(90,951)(102,859)13.1%Comprehensive income attributable to controlling interest2,143,992 2,347,442 9.5% 2Q252Q26ChangeEBITDA5,503,313 5,965,340 8.4%Comprehensive income2,234,943 2,450,301 9.6%Comprehensive income per share (pesos)4.4232 4.1180 (6.9%)Comprehensive income per ADS (US dollars)2.5349 2.3600 (6.9%) Operating income margin42.1%44.2%5.0%Operating income margin (excluding IFRIC-12)55.8%57.9%3.9%EBITDA margin50.6%52.8%4.5%EBITDA margin (excluding IFRIC-12)67.1%69.3%3.4%Costs of services and improvements / total revenues38.6%40.8%5.6%Cost of services / total revenues (excluding IFRIC-12)18.6%22.3%20.1% - Net income and comprehensive income per share for 2Q26 and 2Q25 were calculated based on 595,018,195 shares outstanding as of June 30, 2026, and 505,277,464 as of June 30, 2025, respectively. Figures in U.S. dollar were converted from pesos using an exchange rate of Ps. 17.4490 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on June 30, 2026.
- For consolidating the Jamaican airports, an average exchange rate of Ps. 17.4052 per U.S. dollar was used, corresponding to the three-month period ended June 30, 2026.
Revenues (2Q26 vs. 2Q25)
Aeronautical services revenues decreased by Ps. 185.1 million, or 3.2%.Non-aeronautical services revenues increased by Ps. 584.1 million, or 23.9%.Revenues from improvements to concession assets increased by Ps. 8.7 million, or 0.3%.Total revenues increased by Ps. 407.7 million, or 3.7%. The change in aeronautical services revenues was primarily due to the following factors:
Revenues from the Mexican airports decreased by Ps. 32.2 million, or 0.7%, compared to 2Q25. This decrease was mainly due to a 4.2% decline in passenger traffic and a 10.9% appreciation of the Mexican peso, which directly affected revenues generated from international passenger charges. This effect was partially offset by the gradual implementation of the maximum tariffs approved for the 2025–2029 regulatory period. Revenues from the Jamaican airports decreased by Ps. 152.9 million, or 18.3%, compared to 2Q25, mainly due to a 16.9% decrease in passenger traffic during the quarter, resulting from the impact of Hurricane Melissa. In addition, the 10.9% appreciation of the Mexican peso against the U.S. dollar negatively affected the translation of revenues. The change in non-aeronautical services revenues was primarily driven by the following factors:
Revenues from the Mexican airports increased by Ps. 164.8 million, or 7.7%, compared to 2Q25. Revenues from businesses operated directly by us increased by Ps. 190.1 million, or 17.0%, while revenues from businesses operated by third parties decreased by Ps. 25.3 million, or 2.7%. Revenues from the Jamaican airports decreased by Ps. 48.9 million, or 54.4%, compared to 2Q25, primarily due to the decline in passenger traffic and the peso appreciation in the 2Q26. Total revenues generated by CBX during May and June amounted to Ps. 468.1 million, equivalent to US$26.8 million. During this period, a total of 626,424 passengers used the facility in both directions, generating an average revenue of US$42.8 per passenger. Non-aeronautical revenues for the Second Quarter (in thousands of pesos):
2Q252Q26ChangeBusinesses operated by third parties: Food and beverage342,679327,724(4.4%)Car rental211,128213,1721.0%Duty-free208,160170,593(18.0%)Retail191,431184,517(3.6%)Leasing of space112,970106,839(5.4%)Timeshares67,81862,489(7.9%)Ground transportation51,19646,881(8.4%)Other commercial revenues59,01061,3984.0%Communications and financial services28,83827,285(5.4%)Total1,273,2291,200,897(5.7%) Businesses operated directly by us: Cargo operation and bonded warehouse514,113627,03922.0%CBX revenues-468,099100.0%Car parking177,872194,0919.1%Convenience stores161,588179,86011.3%VIP Lounges168,321156,011(7.3%)Advertising43,36668,54658.1%Hotel operation36,88246,74526.7%Other businesses operated directly by us-16,931100.0%Total1,102,1411,757,32259.4%Recovery of costs67,28968,4931.8%Total Non-aeronautical Revenues 2,442,6593,026,71223.9% Figures expressed in thousands of Mexican pesos. ‐ Revenues from improvements to concession assets 1
Revenues from improvements to concession assets (IFRIC-12) increased by Ps. 8.7 million, or 0.3%, compared to 2Q25. The change was composed of:
Improvements to concession assets at the Company’s Mexican airports, decreased by Ps.171.8 million, or 6.6%, in line with the investments committed under the Master Development Program for the 2025–2029 period. Improvements to concession assets at the Company’s Jamaican airports, which increased by Ps. 180.5 million, or 220.4%, primarily due to investments at Kingston Airport. 1 Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 “Service Concession Arrangements” (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company’s operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company’s Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using “Total Revenues” include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.
Total operating costs remained flat compared to 2Q25, mainly due to the decrease in technical assistance fees of Ps. 486.4 million, or 219.4%, and concession fees of Ps. 19.7 million, or 2.1%. These decreases were offset by higher cost of services of Ps. 195.1 million, CBX operating expenses of Ps. 177.4 million, and non-recurring merger-related expenses of Ps. 118.4 million. Excluding the reversal of the technical assistance provision, the consolidation of CBX, and the non-recurring merger-related expenses, operating expenses increased by Ps. 190.7 million, or 3.0%, compared to 2Q25.
The changes in total operating costs were primarily due to the following factors:
Mexican airports:
Operating costs decreased by Ps. 260.4 million, or 4.8%, compared to 2Q25, mainly due to the reversal of the technical assistance fee provision of Ps. 486.4 million and a decrease in the cost of improvements to the concession assets (IFRIC-12) of Ps. 171.8 million. This effect was partially offset by an increase in cost of services of Ps. 242.0 million, non-recurring merger-related expenses of Ps. 118.4 million, and depreciation and amortization of Ps. 37.2 million. The change in the cost of services at our Mexican airports during 2Q26 was mainly due to:
Employee costs increased by Ps. 128.5 million, or 22.5%, mainly due to an increase in personnel providing technical assistance services, operational personnel at the airports, salary adjustments, and higher employee benefits resulting from amendments to the Federal Labor Law.Maintenance increased by Ps. 38.1 million, or 17.4%, mainly due to the opening of new operational areas, and airfield maintenance. Other operating expenses increased by Ps. 31.8 million, or 23.7%, mainly due to the recognition of the expected credit loss provision. Safety, security, and insurance increased by Ps. 27.3 million, or 16.1%, mainly due to an increase in security personnel headcount, significant increases in the minimum wage, and higher insurance costs related to goods safeguarded within the bonded warehouse. Jamaican Airports:
Operating expenses increased by Ps. 83.7 million, or 9.4%, compared to 2Q25, mainly due to an increase of Ps. 180.5 million, or 220.4%, in cost of improvements to concession assets (IFRIC-12). This effect was partially offset by a reduction in concession fees of Ps. 88.4 million, or 20.8%, resulting from lower revenues at Montego Bay airport, as well as decreases in depreciation and amortization of Ps. 7.5 million, or 5.1%, and cost of services of Ps. 2.3 million, or 1.0%. Cross Border Xpress:
Beginning May 1, CBX operating expenses of Ps. 177.4 million were consolidated, consisting of cost of services of Ps. 152.3 million, and depreciation and amortization of Ps. 25.1 million, corresponding to two months of operations. Operating income margin increased from 42.1% in 2Q25 to 44.2% in 2Q26. Excluding the effects of IFRIC-12, the operating income margin increased from 55.8% in 2Q25 to 57.9% in 2Q26. Income from operations increased by Ps. 407.6 million, or 8.9%, compared to 2Q25, with CBX contributing Ps. 291.1 million.
EBITDA margin increased from 50.6% in 2Q25 to 52.8% in 2Q26. Excluding the effects of IFRIC-12, EBITDA margin increased from 67.1% in 2Q25 to 69.3% in 2Q26. EBITDA increased by Ps. 462.0 million, or 8.4%, compared to 2Q25. EBITDA margin growth was partially offset by the impact on the Jamaican airports from the appreciation of the Mexican peso and lower passenger traffic. CBX contributed Ps. 315.8 million, with an EBITDA margin of 67.5%.
Financial results increased expenses by Ps. 212.7 million, or 29.0%, going from a net expense of Ps. 733.5 million in 2Q25 to a net expense of Ps. 946.3 million in 2Q26. This change was mainly the result of:
Foreign exchange losses decreased from Ps. 40.3 million in 2Q25 to Ps. 17.3 million in 2Q26, resulting in a favorable variance of Ps. 23.0 million due to the appreciation of the Mexican peso. Additionally, the foreign currency translation effect resulted in a net loss of Ps. 19.8 million. Interest expense increased by Ps. 343.8 million, or 37.6%, compared to 2Q25, mainly due to higher debt incurred to finance airport CAPEX and the acquisition of the remaining 25% interest in CBX, as well as Ps. 13.9 million in financing costs related to the bank loan contracted by CBX and assumed through the business combination. Interest income increased by Ps. 108.1 million, or 53.8%, compared to 2Q25, mainly due to the increase in cash and cash equivalents. In 2Q26, net and comprehensive income increased by Ps. 215.4 million, or 9.6%, compared to 2Q25, mainly driven by income before taxes, which increased by Ps. 194.8 million or 5.1%.
Net income increased by Ps. 238.4 million, or 9.0%, compared to 2Q25. Income tax for the period decreased by Ps. 43.5 million, or 3.7%, comprised of a decrease in current income tax of Ps. 137.7 million and a decrease in the deferred tax benefit of Ps. 94.2 million.
Consolidated Results for the Second Quarter (thousands)
6M256M26ChangeRevenues Aeronautical services11,762,321 11,812,569 0.4%Non-aeronautical services4,836,535 5,566,191 15.1%Improvements to concession assets (IFRIC-12)5,338,324 5,280,576 (1.1%)Total revenues21,937,180 22,659,337 3.3% Operating costs Costs of services:3,020,338 3,468,349 14.8%Employee costs1,252,084 1,454,119 16.1%Maintenance513,733 577,317 12.4%Safety, security & insurance447,723 493,768 10.3%Utilities273,963 274,227 0.1%Professional services106,063 141,887 33.8%Business operated directly by us173,968 188,956 8.6%Other operating expenses252,803 267,584 5.8%CBX operating expenses- 70,492 100.0% Technical assistance fees505,580 34,857 (93.1%)Concession taxes1,976,982 1,862,621 (5.8%)Depreciation and amortization1,857,534 1,912,376 3.0%Cost of improvements to concession assets (IFRIC-12)5,338,324 5,280,576 (1.1%)Other (income)(36,145)58,765 (262.6%)Total operating costs12,662,613 12,617,545 (0.4%)Income from operations9,274,567 10,041,792 8.3%Financial Result(1,663,035)(1,669,542)0.4%Income before income taxes 7,611,532 8,372,250 10.0%Income taxes(2,098,280)(2,166,733)3.3%Net income 5,513,252 6,205,518 12.6%Currency translation effect(498,585)(408,156)(18.1%) Cash flow hedges, net of income tax1,892 - (100.0%)Remeasurements of employee benefit – net income tax32,766 18,711 (42.9%)Comprehensive income 5,049,325 5,816,073 15.2%Non-controlling interest(205,878)(241,374)17.2%Comprehensive income attributable to controlling interest4,843,447 5,574,699 15.1% 2Q252Q26ChangeEBITDA11,132,101 11,954,169 7.4%Comprehensive income5,049,325 5,816,073 15.2%Comprehensive income per share (pesos)9.9932 9.7746 (2.2%)Comprehensive income per ADS (US dollars)5.7271 6.5967 15.2% Operating income margin42.3%44.3%4.8%Operating income margin (excluding IFRIC-12)55.9%57.8%3.4%EBITDA margin50.7%52.8%4.0%EBITDA margin (excluding IFRIC-12)67.1%68.8%2.6%Costs of services and improvements / total revenues38.0%38.6%1.5%Cost of services / total revenues (excluding IFRIC-12)18.1%20.0%10.2% - Net income and comprehensive income per share for 6M26 and 6M25 were calculated based on 595,018,195 and 505,277,464 shares outstanding, respectively. U.S. dollar figures were converted from pesos using an exchange rate of Ps. 17.4490 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on June 30, 2026.- For the purpose of consolidating Jamaican airports, an average exchange rate of Ps. 17.4815 per U.S. dollar was used, corresponding to the six months ended June 30, 2026.
Revenues (6M26 vs. 6M25)
Aeronautical services revenues increased by Ps. 50.2 million, or 0.4%.Non-aeronautical services revenues increased by Ps. 729.7 million, or 15.1%.Revenues from improvements to concession assets decreased by Ps. 57.7 million, or 1.1%.Total revenues increased by Ps. 722.2 million, or 3.3%. The change in aeronautical services revenues comprised primarily of the following factors:
Revenues from the Mexican airports increased by Ps. 440.2 million, or 4.4%, compared to 6M25, primarily due to the gradual implementation of the maximum tariffs approved for the 2025–2029 regulatory period. This effect was partially offset by the 12.5% appreciation of the Mexican peso against the U.S. dollar and a 3.7% decline in passenger traffic. Revenues from the Jamaican airports decreased by Ps. 390.0 million, or 22.4%, compared to 6M25, mainly due to a 20.8% decline in passenger traffic, as well as the 12.5% appreciation of the Mexican peso against the U.S. dollar, with the average exchange rate changing from Ps. 19.9844 in 6M25 to Ps. 17.4815 in 6M26. The change in non-aeronautical services revenues comprised primarily of the following factors:
Revenues from the Mexican airports increased by Ps. 387.4 million, or 9.2%, compared to 6M25, primarily driven by a Ps. 389.9 million, or 18.7%, increase in revenues from businesses operated directly by us. Revenues from the Jamaican airports decreased by Ps. 125.8 million, or 20.8%, compared to 6M25, mainly due to lower passenger traffic. Total revenues generated by CBX during May and June amounted to Ps. 468.1 million, equivalent to US$26.8 million. During this period, a total of 626,424 passengers used the facility in both directions, generating average revenue of US$42.8 per passenger. Non-aeronautical revenues for the Six Months (in thousands of pesos): 6M256M26ChangeBusinesses operated by third parties: Food and beverage685,259679,018(0.9%)Car rental416,425425,7452.2%Duty-free424,845353,126(16.9%)Retail382,605367,867(3.9%)Leasing of space229,859211,125(8.2%)Timeshares138,723125,095(9.8%)Other commercial revenues131,035136,0763.8%Ground transportation107,769100,069(7.1%)Communications and financial services60,24257,368(4.8%)Total2,576,7612,455,488(4.7%) Businesses operated directly by us: Cargo operation and bonded warehouse948,3811,174,59023.9%CBX revenues-468,099100.0%Car parking356,342385,9958.3%Convenience stores331,088370,52111.9%VIP Lounges336,336318,312(5.4%)Hotel operation74,32394,06426.6%Advertising78,206108,24138.4%Other businesses operated directly by us-56,263100.0%Total2,124,6772,976,08540.1%Recovery of costs135,097134,618(0.4%)Total Non-aeronautical Revenues 4,836,5355,566,19115.1% Figures expressed in thousands of Mexican pesos.
‐ Revenues from improvements to concession assets 1
Revenues from improvements to concession assets (IFRIC-12) decreased by Ps. 57.7 million, or 1.1%, compared to 6M25. The change was composed of:
Improvements to concession assets at the Company’s Mexican airports, which decreased by Ps. 343.5 million, or 6.6%, following investments under the Master Development Program for the 2025-2029 period. Improvements to concession assets at the Company’s Jamaican airports, which increased Ps. 285.7 million, or 190.7%. 1 Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 “Service Concession Arrangements” (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company’s operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company’s Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using “Total Revenues” include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.
Total operating cost decreased by Ps. 45.1 million, or 0.4%, compared to 6M25, primarily due to a decrease of Ps. 470.7 million in technical assistance fee, resulting from the reversal of the provision following the business combination, with only the fixed fee paid to the strategic partner from January through April 2026 being recognized. In addition, concession fees decreased by Ps. 114.4 million, or 5.8%. These decreases were partially offset by increases in the cost of services of Ps. 174.4 million, CBX operating expenses of Ps. 177.4 million, non-recurring merger-related expenses of Ps. 118.4 million, and depreciation and amortization of Ps. 54.8 million. Excluding the decrease in concession fees, the reversal of the technical assistance fee provision, the consolidation of CBX, and the non-recurring merger-related expenses, operating expenses increased by Ps. 129.8 million, or 1.0%, compared to 6M25.
Mexican airports:
Operating costs decreased by Ps. 210.1 million, or 1.9%, compared to 6M25, primarily due to the reversal of the technical assistance fee provision of Ps. 470.7 million, or 93.1%, as well as a decrease of Ps. 343.5 million, or 6.6%, in the cost of improvements to the concession assets (IFRIC-12). These effects were partially offset by increases in cost of services of Ps. 379.9 million, non-recurring expenses of Ps. 118.4 million, concession fees of Ps. 54.4 million, and depreciation and amortization of Ps. 51.4 million. The change in the cost of services at our Mexican airports during 6M26 was mainly due to:
Employee costs increased by Ps. 203.1 million, or 18.2%, primarily due to salary adjustments, the addition of operational personnel, the incorporation of personnel to provide technical assistance services, and higher employee benefits resulting from changes to the Federal Labor Law.Safety, security and insurance increased by Ps. 56.1 million, or 17.6%, mainly due to an expansion of the security workforce, significant increases in the minimum wage, and higher insurance costs related to goods safeguarded within the bonded warehouse as a result of increased revenues.Maintenance increased by Ps. 55.7 million, or 13.2%, mainly due to the opening of new operational areas and terminal facilities, as well as airfield maintenance activities. Jamaican Airports:
Operating costs decreased by Ps. 11.8 million, or 0.6%, compared to 6M25, mainly due to a Ps. 243.4 million, or 27.5%, decrease in concession fees, a decrease of Ps. 34.3 million, or 7.0%, in cost of services, and a Ps. 21.2 million, or 7.1% decrease in depreciation and amortization. These effects were partially offset by an increase of Ps. 285.7 million, or 190.7%, in the cost of improvements to concession assets (IFRIC-12). Cross Border Xpress:
Beginning May 1, CBX operating expenses of Ps. 177.4 million were consolidated, consisting of cost of services of Ps. 152.3 million and depreciation and amortization of Ps. 25.1 million, corresponding to two months of operations. Operating income margin increased from 42.3% in 6M25 to 44.3% in 6M26. Excluding the effects of IFRIC-12, the operating income margin went from 55.9% in 6M25 to 57.8% in 6M26. Income from operations increased by Ps. 767.2 million, or 8.3%, compared to 6M25, with CBX contributing Ps. 291.1 million.
EBITDA margin went from 50.7% in 6M25 to 52.8% in 6M26. Excluding the effects of IFRIC-12, EBITDA margin went from 67.1% in 6M25 to 68.8% in 6M26. EBITDA increased by Ps. 822.1 million, or 7.4%, compared to 6M25. CBX contributed Ps. 315.8 million, with an EBITDA margin of 69.9%.
Financial results increased in expenses by Ps. 6.5 million, or 0.4%, from a net expense of Ps. 1,663.0 million in 6M25 to Ps. 1,669.5 million in 6M26. This change was mainly the result of:
Foreign exchange fluctuations, which went from a loss of Ps. 164.3 million in 6M25 to a gain of Ps. 156.1 million in 6M26, resulting in a foreign exchange gain of Ps. 320.4 million due to the appreciation of the Mexican peso. Additionally, the foreign currency translation effect generated a gain of Ps. 90.4 million compared to 6M25. Interest expense increased by Ps. 279.2 million, or 13.6%, compared to 6M25, mainly due to the increase in bond certificates and higher borrowings of bank loans. Interest income decreased by Ps. 34.7 million, or 7.0%, compared to 6M25, mainly due to a decrease in the cash and cash equivalents average balance and changes in the reference rates in both Mexican pesos and U.S. dollars. In 6M26, net and comprehensive income increased by Ps. 766.7 million, or 15.2%, compared to 6M25. Income before taxes increased by Ps. 760.7 million, mainly due to the increase in EBITDA, as mentioned above.
During 6M26, net income increased by Ps. 692.3 million, or 12.6%, compared to 6M25, mainly due to the increase in EBITDA, partially offset by higher depreciation and amortization expenses. In addition, income tax expense for the period increased by Ps. 68.5 million, as a result of a Ps. 767.2 million increase in operating income.
Statement of Financial Position
As of June 30, 2026, total assets increased by Ps. 62,184.3 million compared to the same period in 2025, primarily due to: (i) goodwill and intangible assets of Ps. 37,703.1 million resulting from the business combination following the merger; (ii) an increase in cash and cash equivalents of Ps. 10,076.4 million; and (iii) a Ps. 13,721.8 million increase in improvements to concession assets, construction in progress, advances to suppliers, and property, plant and equipment.
Total liabilities increased by Ps. 27,952. 3 million compared to the same period of 2025. This increase was mainly attributable to: (i) an increase in bond certificates of Ps. 18,098.0 million; (ii) a net increase in bank loans of Ps. 419.0 million, resulting from new loans; and (iii) an increase in accounts payable of Ps. 1,804.6 million.
Recent events
On May 8, 2026, the Company announced the commencement of the process to establish an Irrevocable Trust for the Issuance of Energy and Infrastructure Investment Trust Certificates (Certificados Bursátiles Fiduciarios de Inversión en Energía e Infraestructura, “CBFEs”), with the objective of subscribing a minority equity interest in the 12 Mexican airport concessionaires operated by GAP. As of the date hereof, the Company continues to work through the approval process with the relevant authorities for the issuance of the CBFEs.
2026 Growth Guidance revised
Considering the business combination effective in May, passenger traffic trends, and the progress of the Company’s investment projects:
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019. In May 2026, GAP completed a business combination pursuant to which it acquired full ownership of the Cross Border Xpress (“CBX”), a cross-border terminal located in San Diego, California and connected to the Tijuana International Airport.
This press release contains references to EBITDA, a financial performance measure not recognized under IFRS and which does not purport to be an alternative to IFRS measures of operating performance or liquidity. We caution investors not to place undue reliance on non-GAAP financial measures such as EBITDA, as these have limitations as analytical tools and should be considered as a supplement to, not a substitute for, the corresponding measures calculated in accordance with IFRS. This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at [email protected]. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
Beginning this quarter, the Company’s main airports and new business lines will be reported separately, given their significance and the importance of providing this information to the market on a standalone basis.
Exhibit A: Operating results by airport (in thousands of pesos):
Airport2Q252Q26Change6M256M26ChangeGuadalajara Aeronautical services1,562,4301,692,0568.3%3,151,5173,464,0449.9%Non-aeronautical services348,795391,71912.3%709,331780,44310.0%Improvements to concession assets (IFRIC 12)1,174,4261,118,313(4.8%)2,348,8522,236,626(4.8%)Total Revenues3,085,6513,202,0883.8%6,209,7006,481,1144.4%Operating income1,242,7341,269,2412.1%2,424,9652,636,8298.7%EBITDA1,450,4161,526,8525.3%2,844,5193,107,5919.2% Tijuana Aeronautical services855,119857,7030.3%1,587,9331,682,6346.0%Non-aeronautical services125,930124,479(1.2%)250,651258,1713.0%Improvements to concession assets (IFRIC 12)386,094453,86617.6%772,188907,73217.6%Total Revenues1,367,1441,436,0485.0%2,610,7722,848,5379.1%Operating income565,985530,496(6.3%)972,3881,015,8764.5%EBITDA691,459660,671(4.5%)1,224,3971,273,9334.0% Los Cabos Aeronautical services903,938847,415(6.3%)1,850,5701,884,0071.8%Non-aeronautical services349,334332,937(4.7%)712,000678,781(4.7%)Improvements to concession assets (IFRIC 12)205,863212,8633.4%411,726425,7253.4%Total Revenues1,459,1351,393,214(4.5%)2,974,2962,988,5130.5%Operating income806,799706,727(12.4%)1,645,6131,591,598(3.3%)EBITDA911,098815,556(10.5%)1,846,9501,805,594(2.2%) Puerto Vallarta Aeronautical services720,778599,816(16.8%)1,708,9501,597,744(6.5%)Non-aeronautical services183,464142,708(22.2%)371,047332,047(10.5%)Improvements to concession assets (IFRIC 12)503,536410,908(18.4%)1,007,073821,816(18.4%)Total Revenues1,407,7781,153,432(18.1%)3,087,0702,751,607(10.9%)Operating income584,274415,373(28.9%)1,365,4321,210,213(11.4%)EBITDA647,844478,657(26.1%)1,494,2211,335,690(10.6%) Cargo and bonded warehouse business Non-aeronautical services514,113627,03922.0%948,3811,174,59023.9%Total Revenues514,113627,03922.0%948,3811,174,59023.9%Operating income330,315425,01428.7%596,765783,36531.3%EBITDA341,332435,91927.7%618,983805,22630.1% Montego Bay Aeronautical services518,434370,081(28.6%)1,103,799717,948(35.0%)Non-aeronautical services231,963189,397(18.4%)476,550367,738(22.8%)Improvements to concession assets (IFRIC 12)64,36850,688(21.3%)113,35499,052(12.6%)Total Revenues814,765610,166(25.1%)1,693,7031,184,737(30.1%)Operating income305,501195,612(36.0%)648,016408,519(37.0%)EBITDA391,479278,863(28.8%)823,813574,446(30.3%) Exhibit A: Operating results by airport (in thousands of pesos): Airport2Q252Q26Change6M256M26ChangeGuanajuato Aeronautical services280,231262,919(6.2%)548,630557,1511.6%Non-aeronautical services46,90349,7266.0%97,54095,535(2.1%)Improvements to concession assets (IFRIC 12)130,22273,383(43.6%)260,444146,767(43.6%)Total Revenues457,356386,028(15.6%)906,614799,452(11.8%)Operating income208,424177,439(14.9%)407,575387,644(4.9%)EBITDA233,880208,796(10.7%)458,950450,082(1.9%) Hermosillo Aeronautical services161,897160,690(0.7%)305,246313,8412.8%Non-aeronautical services30,19127,597(8.6%)56,76254,578(3.8%)Improvements to concession assets (IFRIC 12)17,2245,657(67.2%)34,44811,315(67.2%)Total Revenues209,312193,944(7.3%)396,456379,734(4.2%)Operating income97,86790,996(7.0%)176,221175,976(0.1%)EBITDA123,579117,243(5.1%)228,262227,822(0.2%) Cross Border Xpress (1) Non-aeronautical services-468,099100.0%-468,099100.0%Total Revenues-468,099100.0%-468,099100.0%Operating income-291,095100.0%-291,095100.0%EBITDA-315,788100.0%-315,788100.0% Others (2) Aeronautical services760,361787,4193.6%1,505,6761,595,2005.9%Non-aeronautical services611,966673,01410.0%1,214,2721,356,21011.7%Improvements to concession assets (IFRIC 12)194,416359,21884.8%390,239631,54361.8%Total Revenues1,566,7431,819,65116.1%3,110,1883,582,95315.2%Operating income481,021883,92783.8%1,037,5921,540,67748.5%EBITDA689,0971,126,99463.5%1,592,0062,057,99629.3% Total Aeronautical services5,763,1885,578,099(3.2%)11,762,32111,812,5690.4%Non-aeronautical services2,442,6593,026,71423.9%4,836,5355,566,19115.1%Improvements to concession assets (IFRIC 12)2,676,1492,684,8970.3%5,338,3245,280,576(1.1%)Total Revenues10,881,99611,289,7103.7%21,937,18022,659,3373.3%Operating income4,578,3544,985,9198.9%9,274,56710,041,7928.3%EBITDA5,503,3135,965,3408.4%11,132,10111,954,1697.4% 1. Cross Border Xpress figures correspond to operations for May and June 2026. 2. Others include the operating results of the Aguascalientes, La Paz, Los Mochis, Manzanillo, Mexicali, Morelia, and Kingston airports.
Exhibit B: Consolidated statement of financial position as of June 30 (in thousands of pesos):
2025 2026 Change %Assets Current assets Cash and cash equivalents9,697,343 19,773,709 10,076,366 103.9%Trade accounts receivable - Net3,154,471 3,373,681 219,210 6.9%Other current assets1,152,861 1,918,220 765,359 66.4%Total current assets14,004,675 25,065,610 11,060,935 79.0% Advanced payments to suppliers869,569 3,117,554 2,247,985 258.5%Machinery, equipment and improvements to leased buildings - Net4,623,910 6,821,182 2,197,272 47.5%Improvements to concession assets - Net25,471,976 30,989,546 5,517,570 21.7%Construction in-progress11,760,860 14,484,845 2,723,985 23.2%Land- 1,035,000 1,035,000 100.0%Airport concessions - Net9,140,466 8,414,313 (726,153)(7.9%)Rights to use airport facilities - Net967,163 916,169 (50,994)(5.3%)Other acquired rights1,937,118 1,684,731 (252,387)(13.0%)Goodwill/intangible assets- 37,703,107 37,703,107 100.0%Deferred income taxes - Net8,480,777 9,068,608 587,831 6.9%Other non-current assets931,544 1,071,645 140,100 15.0%Total assets78,188,058 140,372,310 62,184,252 79.5% Liabilities Current liabilities Bank loans and interest payable7,473,502 12,935,662 5,462,160 73.1%Concession fees565,678 512,318 (53,360)(9.4%)Accounts payable996,350 2,800,943 1,804,593 181.1%Unrealized revenue- 373,469 373,469 100.0%Other current liabilities1,454,754 915,576 (539,178)(37.1%)Dividends payable4,253,565 12,376,378 8,122,814 191.0%Total current liabilities14,743,849 29,914,347 15,170,498 102.9% Non-current Liabilities Security deposits received1,130,129 1,263,914 133,785 11.8%Bank loans4,611,474 6,372,418 1,760,943 38.2%Other long-term liabilities1,886,599 1,198,109 (688,489)(36.5%)Long-term local bonds payable34,783,722 46,359,266 11,575,544 33.3%Total liabilities57,155,773 85,108,054 27,952,281 48.9% Stockholders' Equity Common stock1,194,390 1,406,522 212,132 17.8%Legal reserve238,878 238,878 - 0.0%Retained earnings14,397,380 13,278,816 (1,118,564)(7.8%)Reserve for share repurchase2,500,000 2,500,000 - 0.0%Foreign currency translation reserve312,241 (570,019)(882,260)(282.6%)Remeasurements of employee benefit – Net41,049 36,594 (4,455)(10.9%)Cash flow hedges- Net(2,692)- 2,692 (100.0%)Premium on share suscription- 35,766,611 35,766,611 100.0%Total controlling interest18,681,246 52,657,402 33,976,156 181.9%Non-controlling interest2,351,039 2,606,854 255,815 10.9%Total stockholder's equity21,032,285 55,264,256 34,231,971 162.8% Total liabilities and stockholders' equity78,188,058 140,372,310 62,184,252 79.5% Non-controlling interest represents the minority shareholders’ ownership interests in certain of our subsidiaries. Exhibit C: Consolidated statement of cash flows (in thousands of pesos):
GRUPO AEROPORTUARIO DEL PACIFICO Consolidated statement of cash flows 2Q252Q26Change6M256M26ChangeCash flows from operating activities: Consolidated net income2,655,135 2,893,509 9.0%5,513,253 6,205,518 12.6% Postemployment benefit costs15,459 20,766 34.3%29,621 41,274 39.3%Allowance expected credit loss(13,123)39,795 (403.2%)12,269 61,197 398.8%Depreciation and amortization924,959 979,420 5.9%1,857,534 1,912,376 3.0%Loss (gain) on sale of machinery, equipment and improvements to leased assets(630)(4,713)648.1%1,360 (6,382)(569.4%)Interest expense1,034,255 1,356,033 31.1%2,281,509 2,376,772 4.2%Provisions9,022 1,792 (80.1%)(21,667)36,099 (266.6%)Income tax expense1,189,674 1,146,127 (3.7%)2,098,280 2,166,733 3.3%Unrealized exchange loss(54,076)(6,772)(87.5%)56,804 (129,318)(327.7%) 5,760,675 6,425,957 11.5%11,828,961 12,664,269 7.1%Changes in working capital: (Increase) decrease in Trade accounts receivable162,331 87,833 (45.9%)(493,714)157,063 (131.8%)Recoverable tax on assets and other assets25,725 (95,078)(469.6%)107,364 (32,063)(129.9%)Increase (decrease) Concession taxes payable(248,380)(335,846)35.2%(215,106)(111,606)(48.1%)Accounts payable(117,942)(1,906,239)1516.3%(46,488)204,655 (540.2%)Cash generated by operating activities5,582,409 4,176,627 (25.2%)11,181,017 12,882,318 15.2%Income taxes paid(1,202,747)(1,539,627)28.0%(2,324,790)(2,673,476)15.0%Net cash flows provided by operating activities4,379,662 2,637,000 (39.8%)8,856,227 10,208,841 15.3% Cash flows from investing activities: Machinery, equipment and improvements to concession assets(678,121)(3,204,006)372.5%(2,384,763)(4,961,618)108.1%Cash flows from sales of machinery and equipment1,656 1,055 (36.3%)1,774 2,614 47.4%Other investment activities(1,746,391)15,773 (100.9%)(1,732,569)(97,377)(94.4%)Acquisition of a 25% interest in CBX- (8,445,060)100.0%- (8,445,060)100.0%Net cash used by investment activities(2,422,856)(11,632,238)380.1%(4,115,559)(13,501,441)228.1% Dividends declared and paid(4,254,436)(203,882)(95.2%)(4,254,436)(203,882)(95.2%)Dividends paid to non-controlling interests(152,881)- (100.0%)(152,881)- (100.0%)Cash and cash equivalentes from business combination 5,428,000 5,428,000 100.0%Bond certificates issued- - 0.0%6,000,000 10,718,000 78.6%Bond certificates paid(2,500,000)- (100.0%)(7,000,000)(1,120,000)(84.0%)Bank loans paid(3,454,938)- (100.0%)(3,454,938)(4,498,971)30.2%Bank loans3,249,098 1,120,000 (65.5%)3,249,098 4,498,971 38.5%Capitalized interest on bank loans- (39,417)100.0%- (39,417)100.0%Interest paid on bank loans(941,099)(873,123)(7.2%)(2,306,485)(2,234,826)(3.1%)Interest paid on lease(592)(2,662)349.7%(1,282)(5,440)324.4%Payments of obligations for leasing(2,566)(10,474)308.2%(18,899)(21,031)11.3%Net cash flows used in financing activities(8,057,414)5,418,442 (167.2%)(7,939,822)12,521,404 (257.7%) Effects of exchange rate changes on cash held(429,868)165,369 (138.5%)(569,530)91,707 (116.1%)Net increase (decrease) in cash and cash equivalents(6,530,476)(3,411,427)(47.8%)(3,768,684)9,320,511 (347.3%)Cash and cash equivalents at beginning of the period16,227,819 23,185,136 42.9%13,466,026 10,453,198 (22.4%)Cash and cash equivalents at the end of the period9,697,343 19,773,709 103.9%9,697,343 19,773,709 103.9% Exhibit D: Consolidated statements of profit or loss and other comprehensive income (in thousands of pesos):
2Q252Q26Change6M256M26ChangeRevenues Aeronautical services5,763,188 5,578,099 (3.2%)11,762,321 11,812,569 0.4%Non-aeronautical services2,442,659 3,026,714 23.9%4,836,535 5,566,191 15.1%Improvements to concession assets (IFRIC-12)2,676,149 2,684,897 0.3%5,338,324 5,280,576 (1.1%)Total revenues10,881,996 11,289,710 3.7%21,937,180 22,659,337 3.3% Operating costs Costs of services:1,556,035 1,916,778 23.2%3,020,338 3,468,349 14.8%Employee costs638,722 769,895 20.5%1,252,084 1,454,119 16.1%Maintenance256,830 316,554 23.3%513,733 577,317 12.4%Safety, security & insurance232,516 260,363 12.0%447,723 493,768 10.3%Utilities148,732 149,214 0.3%273,963 274,227 0.1%Professional services58,332 84,772 45.3%106,063 141,887 33.8%Business operated directly by us86,632 99,427 14.8%173,968 188,956 8.6%Other operating expenses134,271 166,061 23.7%252,803 267,584 5.8%CBX operating expenses- 70,492 100.0%- 70,492 100.0% Technical assistance fees221,680 (264,685)(219.4%)505,580 34,857 (93.1%)Concession taxes935,280 915,543 (2.1%)1,976,982 1,862,621 (5.8%)Depreciation and amortization924,959 979,420 5.9%1,857,534 1,912,376 3.0%Cost of improvements to concession assets (IFRIC-12)2,676,149 2,684,897 0.3%5,338,324 5,280,576 (1.1%)Other (income)(10,461)71,837 (786.7%)(36,145)58,765 (262.6%)Total operating costs6,303,642 6,303,790 0.0%12,662,613 12,617,545 (0.4%)Income from operations4,578,354 4,985,920 8.9%9,274,567 10,041,792 8.3%Financial Result(733,545)(946,284)29.0%(1,663,035)(1,669,542)0.4%Income before income taxes 3,844,809 4,039,636 5.1%7,611,532 8,372,250 10.0%Income taxes(1,189,674)(1,146,127)(3.7%)(2,098,280)(2,166,733)3.3%Net income 2,655,135 2,893,509 9.0%5,513,252 6,205,518 12.6%Currency translation effect(423,527)(443,277)4.7%(498,585)(408,156)(18.1%) Cash flow hedges, net of income tax2,668 - (100.0%)1,892 - (100.0%)Remeasurements of employee benefit – net income tax667 69 (89.7%)32,766 18,711 (42.9%)Comprehensive income 2,234,943 2,450,301 9.6%5,049,325 5,816,073 15.2%Non-controlling interest(90,951)(102,859)13.1%(205,878)(241,374)17.2%Comprehensive income attributable to controlling interest2,143,992 2,347,442 9.5%4,843,447 5,574,699 15.1% Non-controlling interest represents the minority shareholders’ ownership interests in certain of our subsidiaries. Exhibit E: Consolidated stockholders’ equity (in thousands of pesos):
Common StockLegal ReseveReserve for Share RepurchasePremium on share suscriptionRetained EarningsOther comprehensive incomeTotal controlling interestNon-controlling interestTotal Stockholders' EquityBalance as of January 1, 20251,194,390920,187 2,500,000-16,957,723 773,499 22,345,799 2,275,940 24,621,739 Decrease in legal reserve-(681,309)- 681,309 - - - - Dividends declared-- - (8,508,000)- (8,508,000)(130,779)(8,638,779)Comprehensive income: Net income-- --5,266,354 - 5,266,354 246,904 5,513,258 Foreign currency translation reserve-- --- (457,563)(457,563)(41,026)(498,589)Remeasurements of employee benefit – Net-- --- 32,766 32,766 - 32,766 Reserve for cash flow hedges – Net of income tax-- --- 1,892 1,892 - 1,892 Balance as of June 30, 20251,194,390238,878 2,500,000-14,397,387 350,594 18,681,245 2,351,039 21,032,285 Balance as of January 1, 20261,194,390238,878 2,500,000-18,695,331 (158,148)22,470,451 2,365,480 24,835,931 Capital increase212,132 212,132 212,132 Dividends declared-- - (12,376,379)- (12,376,379) (12,376,379)Increase from share suscription-- -35,766,611- - 35,766,611 - 35,766,611 Comprehensive income: Net income-- --5,949,977 - 5,949,977 255,541 6,205,518 Retained earnings business combination -1,009,888 1,009,888 1,009,888 Foreign currency translation reserve-- --- (393,989)(393,989)(14,167)(408,156)Remeasurements of employee benefit – Net-- --- 18,711 18,711 - 18,711 Balance as of June 30, 20261,406,522238,878 2,500,00035,766,61113,278,817 (533,426)52,657,402 2,606,854 55,264,256 Exhibit F: Other operating data: 2Q252Q26Change6M256M26ChangeTotal passengers15,879.414,987.7(5.6%)32,149.030,354.9(5.6%)Total cargo volume (in WLUs)686.6743.58.3%1,337.31,447.48.2%Total WLUs16,566.015,731.2(5.0%)33,486.331,802.3(5.0%) Aeronautical & non aeronautical services per passenger (pesos)516.8574.111.1%516.3572.510.9%Aeronautical services per WLU (pesos)347.9354.61.9%351.3371.45.7%Non aeronautical services per passenger (pesos)153.8201.931.3%150.4183.421.9%Cost of services per WLU (pesos)91.9121.832.6%89.8109.121.4% WLU = Workload units represent passenger traffic plus cargo units (1 cargo unit = 100 kilograms of cargo).
Robinhood Chain has been live for barely a week, and USDG liquidity on Uniswap has already doubled. The Paxos-issued stablecoin’s total value locked on the protocol climbed past $8.5 million, up from roughly half that just seven days ago.
Robinhood Chain’s first week, by the numbers Robinhood Chain, an Arbitrum-based Layer 2 network, officially launched its public mainnet on July 1, 2026. Uniswap deployed as the primary automated market maker from day one, essentially serving as the chain’s liquidity backbone.
The entire chain’s TVL crossed $100 million within days of going live, and Uniswap alone has captured over $30 million of that liquidity.
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Trading volume on Uniswap reportedly reached as high as $500 million during the first week.
USDG now represents around 65% of the total stablecoin supply on Robinhood Chain.
Why USDG is growing so fast Ethena made a $50 million deposit into a USDG vault curated by Steakhouse Financial.
Robinhood Earn, a yield product built around USDG, offers an estimated 7% APY through structured vaults managed by Steakhouse Financial.
What this means for investors When a single stablecoin accounts for 65% of a chain’s stablecoin supply, the ecosystem’s health becomes tightly coupled to that one asset. If USDG faces a de-peg event, regulatory challenge, or liquidity crisis, the ripple effects across Robinhood Chain would be disproportionately severe.
Uniswap’s position as the flagship AMM on Robinhood Chain gives it a first-mover advantage, with over $30 million in liquidity already captured and $500 million in first-week trading volume.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Komunita Uniswap hlasuje ze 74 % pro návrh na trvalý burn UNI, který by navázal hodnotu tokenu na využití protokolu. Robinhood Chain už překročil 1 miliardu USD v kumulativním objemu swapů.
Uniswap [UNI] has opened community voting on a proposal that could introduce the protocol’s first sustained UNI burn mechanism. The initiative spans three governance votes.
They include protocol fee activation on Robinhood Chain, v4 deployment, and bridge infrastructure across all other chains.
If Uniswap members approve the proposals, the protocol will begin depositing fees into TokenJar accounts. At press time, the voting stood at 74% in support of the proposal.
Once there, users can acquire an amount of UNI sufficient to burn it completely and in turn collect their UNI from the TokenJar account.
Source: X The proposal will link the supply of UNI with the actual use of the protocol rather than just providing incentives through governance.
Protocol revenue strengthens UNI value capture That potential shift becomes more meaningful when viewed alongside Uniswap’s growing protocol revenue. Every increase in trading activity would generate additional fees, creating more opportunities to remove UNI from circulation through the proposed burn mechanism.
Currently, according to DefiLlama data, Uniswap generates approximately $5 million per day in fees. Moreover, its annual protocol revenue stands near $50 million.
As v4 deployments and Robinhood Chain attract more trading volume, fee generation could continue expanding.
Despite that, the projected burn rate remains modest relative to UNI’s total supply. Still, the mechanism introduces a lasting connection between protocol usage and token scarcity.
If network activity continues growing, UNI’s long-term value could increasingly reflect organic protocol demand rather than governance incentives alone.
Robinhood Chain tests Uniswap’s growth strategy Whether the burn mechanism delivers meaningful results now depends on user adoption rather than governance alone. Robinhood Chain has quickly become an early test of that thesis after surpassing $1 billion in cumulative swap volume within days of launch.
That momentum suggests Uniswap’s ecosystem is reaching users beyond its traditional base. Rising wallet interactions and swap activity further indicate participation extends beyond speculative interest.
However, sustained success will depend on retaining those users over time. If daily transactions and liquidity continue expanding, Robinhood Chain could become an increasingly important contributor to Uniswap’s long-term protocol growth.
Final Summary Uniswap could link long-term token value to protocol usage through its proposed fee-funded burn mechanism. Uniswap adoption on Robinhood Chain will determine whether sustained burns meaningfully strengthen token scarcity.
Circle na Solaně emitovala téměř 750 milionů USDC, čímž letošní hrubá emise na síti dosáhla 68,26 miliardy USD. Na Solaně ale zůstává jen asi 7,3 miliardy USDC.
Circle, the company behind USD Coin (USDC), minted nearly $750 million worth of USDC on the Solana blockchain on July 13, bringing the total USDC issued on Solana in 2026 to approximately $68.26 billion, according to Onchain Lens. This significant activity highlights Solana’s growing role as a major platform for dollar-backed crypto liquidity.
USDC issuance and Solana’s positionUSDC serves a vital function in the digital asset ecosystem, facilitating trade settlement, acting as collateral in lending and derivatives, and powering tokenized real-world asset transactions. Increased minting volumes often signal shifts in capital allocation and investor sentiment across the market.
Onchain Lens reported that the latest batch of tokens was sent to the Solana address 7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE. The growing trend of USDC issuance on Solana has been evident throughout 2026. For example, in April, Circle minted $3.25 billion of USDC on the network within a single week, executed across thirteen separate tranches of 250 million tokens each.
Circle, a global financial technology firm, is known for issuing stablecoins and providing blockchain-based payment solutions. Solana is a high-performance blockchain recognized for its speed and low-cost transactions, making it a preferred venue for both projects and traders seeking fast settlements.
Mini dictionary: Onchain Lens, a blockchain tracking and analytics platform that monitors major activity and trends in cryptocurrency networks.
Gross issuance, supply, and liquidity flowWhile $68.26 billion represents the total USDC minted on Solana this year, much of this amount does not remain on the network. According to DefiLlama, the current USDC supply on Solana is about $7.3 billion. Industry data shows that across all blockchains, total USDC supply stands near $73.5 billion.
MetricSolanaAll Blockchains2026 Gross USDC Issuance$68.26 billionn/aCurrent USDC Supply$7.3 billion$73.5 billionThis means only 10.7% of the USDC issued on Solana remains on the chain, with the remainder likely redeemed, burned, or moved to other blockchain networks as market participants adjust their strategies. Far from suggesting lost assets, these numbers indicate that liquidity is actively recycled, confirming that Solana operates as an efficient settlement layer for large-scale dollar flow.
Circle has consistently emphasized the importance of measuring USDC issuance alongside redemptions and circulating supply. The company’s transparency reports specifically distinguish between new minting, redemptions, and total supply, suggesting that issuance alone is not a complete indicator of market dynamics.
USDC is a digital dollar backed 100% by highly liquid cash and cash-equivalent assets and is always redeemable 1:1 for US dollars.
— Circle
As the ecosystem continues to evolve, these transparency measures are designed to provide greater clarity for market participants and institutional users.
Key drivers behind Solana’s USDC activitySolana remains a leading hub for digital asset trading activity, which helps explain Circle’s heavy USDC issuance on the network. Earlier this year, USDC accounted for 52% of all stablecoins held on Solana, reaching $14.7 billion in reserves. Major decentralized exchanges on Solana, including Raydium, Jupiter, and Orca, support high transaction volumes that rely on a robust stablecoin reserve for liquidity.
Circle’s expansion into institutional finance further drives USDC issuance on Solana. In June, BNY became the first institutional partner to offer direct custody and minting of USDC. The company also collaborates with global banks such as Standard Chartered, reinforcing its broader mission to integrate traditional finance with blockchain infrastructure.
The USDC reserve is primarily composed of cash and short-term US Treasury instruments, maintaining full backing and allowing users to redeem USDC 1:1 for U.S. dollars. This model has helped USDC retain its position as the world’s second-largest stablecoin by market capitalization, trailing only Tether’s USDT.
Going forward, observers are likely to focus on the speed and frequency with which newly minted USDC either stays on Solana or transitions off the chain. Solana’s prominence is increasingly measured by the scale of dollar volumes moving through its network, rather than any fixed snapshot of circulating supply.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Charles Hoskinson se ohradil proti kritice poté, co SBI Holdings zvolila pro stablecoiny a tokenizaci RWA Solanu místo Cardana. Tvrdí, že podobné projekty má financovat treasury Cardana.
Cardano founder Charles Hoskinson (@IOHK_Charles) has pushed back at community criticism following Japanese financial giant SBI Holdings' decision to partner with Solana for its stablecoin and real-world asset (RWA) tokenization ambitions, a move that has stoked frustration among $ADA holders.
SBI Bets on Solana for Japan's Onchain Financial Market SBI Holdings and the Solana Foundation announced SBI Solana Global on July 13, 2026, to build Japan's first onchain financial market. The partnership will see SBI R3 Japan adopt the planned trade name SBI Solana Global and pursue a new growth strategy alongside shareholders SBI Holdings and Sumitomo Mitsui Financial Group.
SBI Holdings lists supporting the issuance and distribution of stablecoins, supporting the structuring and distribution of tokenized RWAs, and developing payment infrastructure for AI agents among SBI Solana's functions. According to SBI, the platform is intended to connect Japanese financial assets with global liquidity pools.
The partnership builds on Japan's existing regulatory framework for stablecoins and security token offerings, one of the more established regimes among major financial markets.
Hoskinson: Use the Treasury, Stop Expecting IOG to Do It All Japanese financial giant SBI Holdings' move onto the Solana blockchain sparked a public clash within the Cardano ecosystem, with the corporation's announcement triggering a wave of criticism among ADA holders. Some pointed to Japan's historic role in supporting Cardano as reason enough for Hoskinson and Input Output Global (IOG) to have secured a comparable deal.
Hoskinson rejected that framing. He argued that commercial deals of this kind should be funded through Cardano's onchain treasury rather than relying on IOG or himself to deliver every institutional partnership. Hoskinson stressed that if the community wants deals on the scale of SBI, it must fund commercial initiatives itself instead of demanding solutions on social media.
The conflict has exposed a systemic challenge for Cardano. While Solana operates through aggressive, centralized foundations that directly secure integrations, Cardano is attempting to live by the rules of pure democracy, where every grant must pass through lengthy rounds of voting.
For Hoskinson, it is a manifesto: decentralization means that every token holder is now responsible for the network's commercial success, not a single prominent leader. Whether the broader $ADA community accepts that argument, and whether Cardano's treasury governance is agile enough to compete for deals at the speed that institutional partners demand, remains an open question.
Sources:
CoinDesk: SBI Holdings' blockchain initiative pivots to Solana for tokenization, stablecoin issuance
U.Today: Charles Hoskinson fires back at Cardano community after Solana's Japan deal
Finance Magnates: SBI Holdings taps Solana to build Japan's institutional onchain finance market
Španělsko po výhře 2:1 nad Belgií spálilo 1 161 234 fan tokenů SPAIN v rámci kampaně Burn to Glory. Celkem už bylo z oběhu odstraněno téměř 3 miliony tokenů.
Spain has recorded the largest fan token burn of the FIFA World Cup 2026 after more than 1.16 million SPAIN Fan Tokens were permanently removed from circulation following the team’s quarter-final victory.
Summary
Spain burned 1.16 million SPAIN Fan Tokens after defeating Belgium in the World Cup quarter-finals. The Burn to Glory campaign has now removed nearly 3 million SPAIN tokens from circulation. Chiliz and LBank expanded fan token trading with new futures products and live trading competitions. According to Chiliz, Spain’s 2-1 win over Belgium triggered the destruction of 1,161,234 SPAIN Fan Tokens under its Burn to Glory campaign, reducing the token’s total supply to 27.25 million. The company said the burned tokens were worth about $649,050 and pushed Spain to the top of the tournament’s burn leaderboard with nearly three million tokens removed so far.
With Spain now through to the semi-finals as the first World Cup affiliate among Chiliz’s national team partners, another victory over France would take the cumulative burn above the three million token milestone, according to the campaign’s mechanics.
Spain extends its lead in Chiliz’s Burn to Glory campaign Burn to Glory ties token burns to on-field success, permanently removing part of a participating national team’s fan token supply after qualifying wins. Spain has benefited the most from the mechanism during this year’s tournament, while Belgium remains second on the leaderboard despite leaving the competition.
Chiliz said Belgium’s quarter-final defeat did not change its standing as the second-largest contributor to the campaign, with about 870,000 BELG Fan Tokens already burned during the World Cup.
Argentina has also continued climbing the rankings after beating Switzerland to reach the final four. According to Chiliz, a total of 160,000 ARG Fan Tokens have been burned across the tournament. The company added that Argentina’s treasury burn allocation will increase from 5% to 7.5% as a result of its semi-final qualification.
Portugal, which exited after losing to Spain in the Round of 16, also took part in the campaign. Chiliz reported that 208,000 POR Fan Tokens were permanently removed before the team’s elimination.
Fan token trading expands beyond tournament results Alongside the burn campaign, Chiliz has continued adding trading features around fan tokens as interest in the World Cup ecosystem grows.
Crypto exchange LBank has introduced perpetual futures for Argentina and Portugal fan tokens while announcing plans to list futures contracts for several major football club tokens. According to the exchange, upcoming additions include tokens linked to Atletico Madrid, Barcelona, Juventus, Paris Saint-Germain, Manchester City, Galatasaray and Arsenal.
Elsewhere, Chiliz has launched live weekly trader competitions through its Vibe Trading and Battle Trade products, allowing participants to compete while World Cup matches are being played.
Away from the tournament, the company is also preparing its next expansion for the Socios platform. Following regulatory approval in the United States, Chiliz said it is working toward launching college sports fan tokens on the app, with the rollout scheduled for the 2026 college sports season.
Earlier in the tournament, the Socios team also organized a Token Hunt promotion that allowed users to collect SPAIN and BELG Fan Tokens along with CHZ rewards before the latest Burn to Glory milestones were reached.
Together, those initiatives show that Chiliz has continued building activity around fan tokens beyond match-day price movements, while tying token supply changes directly to results on the pitch.
Equinor v rámci druhé tranše programu zpětného odkupu koupil od 6. do 10. července 507 713 vlastních akcií za průměrnou cenu 327,3386 NOK za kus. Celkem už v této tranši odkoupil 3 261 816 akcií.
Please see below information about transactions made under the second tranche of the 2026 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).
Date on which the buy-back tranche was announced: 6 May 2026.
The duration of the buy-back tranche: 19 May to no later than 20 July 2026.
Further information on the tranche can be found in the stock market announcement on its commencement dated 6 May 2026, available here: https://newsweb.oslobors.no/message/672447
From 6 July to 10 July 2026, Equinor ASA has purchased a total of 507,713 own shares at an average price of NOK 327.3386 per share.
Overview of transactions:
DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK) 6 JulyOSE114,796316.412536,322,889.35 CEUX TQEX 7 JulyOSE105,000323.521433,969,747.00 CEUX TQEX 8 JulyOSE95,000335.687331,890,293.50 CEUX TQEX 9 JulyOSE95,000333.444131,677,189.50 CEUX TQEX 10 JulyOSE97,917330.218132,333,965.70 CEUX TQEX Total for the periodOSE507,713327.3386166,194,085.05 CEUX TQEX Previously disclosed buy-backs under the trancheOSE2,754,103335.7185924,603,196.68CEUX TQEX Total2,754,103335.7185924,603,196.68 Total buy-backs under the tranche (accumulated)OSE3,261,816334.41411,090,797,281.73CEUX TQEX Total3,261,816334.41411,090,797,281.73 Following completion of the above transactions, Equinor ASA owns a total of 13,767,701 own shares, corresponding to 0.58% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 3,261,816 own shares, corresponding to 0.14% of the share capital).
This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.
Binance has released its 44th proof-of-reserves report, showing that customer Bitcoin holdings increased during June while Ethereum and Tether balances declined.
Summary
Binance users raised Bitcoin holdings 1.22%, adding 7,715 BTC during June, the latest snapshot showed. Ethereum and Tether balances declined, while Binance continued publishing monthly reserve data for customer verification. Reserve snapshots show account balances, but they cannot explain whether users bought, sold, or withdrew. The report used a snapshot taken on July 1 and compared the figures with customer balances recorded on June 1.
Customer Bitcoin holdings rose 1.22% to about 640,000 BTC, an increase of 7,715 BTC. Ethereum holdings fell 1.41% to around 4.08 million ETH, a decline of 58,591 ETH. Customer Tether holdings dropped 1.51% to about 33.7 billion USDT, falling by roughly 510 million USDT.
Binance customer Bitcoin holdings continue rising The July figures extend the rise in customer Bitcoin balances reported one month earlier. Binance users added 25,838 BTC in May, lifting their total holdings by 4.26% to about 630,000 BTC in the exchange’s 43rd proof-of-reserves report.
The latest increase was smaller than the previous month’s gain, but it kept customer BTC balances moving higher. The report does not show whether the change came from purchases, deposits, transfers between Binance services, or movements from other assets. It records balances at one point in time rather than individual customer activity.
Ethereum and USDT balances decline Ethereum moved in the opposite direction after recording a strong increase in the previous report. Customer ETH holdings had risen 10.17% in May to about 4.14 million ETH. The July snapshot showed that the total fell by 58,591 ETH during June.
USDT balances also declined for a second monthly report. Binance users held about 34.3 billion USDT in the June 1 snapshot after balances fell by roughly 460 million tokens in May. The latest decrease brought the total to about 33.7 billion USDT. Lower stablecoin balances do not confirm that users converted USDT into Bitcoin or withdrew funds.
A similar pattern recently appeared at other major exchanges. As reported by crypto.news, Bybit and OKX recorded higher customer Bitcoin holdings while USDT balances fell in their latest reserve snapshots. However, the reports did not identify the reasons behind the balance changes.
Binance says customer assets remain backed Binance states on its proof-of-reserves page that it holds customer assets on a 1:1 basis, along with additional reserves. The exchange uses Merkle Trees and zero-knowledge proofs to let customers check whether their account balances were included in the total liabilities covered by each report.
A proof-of-reserves report can show whether listed wallets hold assets linked to customer balances at the time of a snapshot. However, it does not provide a complete financial audit or explain every off-chain liability. A recent proof-of-reserves explainer noted that useful disclosures should remain recent, frequent and matched against customer liabilities.
The figures should therefore be read as a record of asset backing and customer balances on a specific date. They do not show the exchange’s complete financial position or the reasons customers moved assets between accounts, platforms or private wallets.
Report follows braoder changes at Binance The latest reserve report arrived after a month of active derivatives trading. Binance recorded about $1.63 trillion in futures trading volume during June, its highest monthly total of 2026, according to CryptoQuant data.
Binance also introduced service changes for some European users when the European Union’s MiCA transition ended on July 1. As previously reported, the exchange said affected users could continue using options already communicated to them, including withdrawals where available. The date matched the snapshot used for the latest reserve report.
Earlier reserve rankings placed Binance ahead of other major exchanges. As reported by crypto.news, CoinMarketCap data ranked the platform first in January 2026 with about $155.6 billion in proof-of-reserve assets. The July report adds a new monthly view of customer balances, with BTC rising while ETH and USDT moved lower.
Robinhood Chain na Ethereum L2 od spuštění vygeneroval 816 000 USD hrubých tržeb a podle analytiků je to pro ETH dlouhodobě býčí. Ethereum z toho zatím dostalo jen 1 538 USD za settlement.
The launch of Robinhood Chain on an Ethereum layer-2 network is bullish for long-term value and network effects, argue analysts.
Robinhood Chain has generated $816,000 in gross revenue since launching on July 1, with 89% captured by Robinhood, 10% by Arbitrum as middleware, and only 0.15%, or $1,538, paid to Ethereum for settlement, which doesn’t sound great.
Robinhood Chain is an EVM-compatible Arbitrum-based layer-2 network that uses ETH as its native gas token, but Ethereum is not seeing any revenue benefits yet.
Bullish or Bearish for Ethereum? Lorenzo Valente, director of research at Ark Invest, said, “If your thesis is ‘ETH is money,’ Robinhood building here is ultra bullish.” “More activity, more ETH collateral, more lindyness,” he added.
However, for those who believe ETH is a revenue-generating asset, “this is the ultra-bear case.” He added that Robinhood was never going to build on Solana, Sui, or any “monolithic layer-1” because it wants stack customization.
“They want to be landlords, not renters. Ethereum won this deal on merit. It’s just not pricing it right … Ethereum sells the most valuable settlement layer in crypto at marginal cost.”
Valente said that a healthier split would be 75% to Robinhood, 10% to Arbitrum, and 15% to Ethereum.
The Robinhood Chain is the cleanest case study of what happened to ETH’s economics over time.
Since inception, @RobinhoodApp Chain has grossed ~$816K in revenue.@Arbitrum, the middleware provider, takes 10%: ~$80K.
Arbitrum then pays Ethereum for settlement: $1,538.
The… pic.twitter.com/Jc8k4yi60M
— Lorenzo Valente (@LorenzoARK) July 13, 2026
Responding to the post, Consensys founder Joe Lubin said Ethereum layer-1 revenue fees should stay low to foster growth.
You may also like: Expert: Bitcoin Faces $8B Attack Risk, Ethereum More Secure Bitmine Snaps Up Over 30,500 ETH as Tom Lee Focuses on Crypto’s New Success Story AI Found a Real Ethereum Bug – But the Bigger Story Is What Comes Next “Tens of thousands of companies will set up shop over the next 2-3 years on some mix of Ethereum L1, L2s, and private permissioned EVMs.”
“Monetary premium will grow very large, fee revenue to L1 from so much activity,” he added before concluding that staking and other locking away of ETH will reduce supply, and “net burning of ETH under ultrasound conditions will further grow the value of ETH.”
Since its launch a fortnight ago, 82,895 ETH worth around $147.5 million has been bridged to Robinhood Chain, according to Defillama. Analysts say this has become another demand sink, along with staking, which has 33% of the supply locked, treasury companies, and ETFs.
No Love For ETH Prices Despite this bullish narrative, Ether prices remain at multi-year bear market lows with low volume and negative sentiment. ETH is trading flat on the day at around $1,780 following a dip to $1,750 during early Tuesday trading in Asia.
It has moved off its cycle low of just over $1,500 in late June, but has hit resistance at $1,800 six times over the past ten days. This remains the barrier to break for ETH to continue its slow climb higher.
The major catalysts for Ether are macro and likely to be inflation coming down and lower chances of a Fed rate hike.
NZD/USD vystoupal na téměř čtyřtýdenní maximum po jestřábích komentářích z RBNZ, které zvýšily sázky na další růst sazeb. Trh sleduje průraz nad 0,5810–0,5820.
The NZD/USD pair catches aggressive bids during the Asian session on Tuesday and jumps to a nearly four-week top in the last hour amid a combination of supporting factors.
The New Zealand Dollar (NZD) strengthens as hawkish comments from Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway raised the prospect of further interest rate hikes. The US Dollar (USD), on the other hand, pauses a two-day rally as bulls opt to wait for the release of the latest US consumer inflation figures and US Federal Reserve (Fed) Chair Kevin Warsh's testimony. This, in turn, provides a goodish lift to the NZD/USD pair and backs the case for additional gains.
From a technical perspective, spot prices now seem to have found acceptance above the 38.2% Fibonacci retracement level of the May-June downfall. Moreover, the Moving Average Convergence Divergence (MACD) indicator has turned positive with the line advancing above zero, while the Relative Strength Index (RSI) hovers around 57, hinting at improving momentum. That said, it will still be prudent to wait for a move beyond the 0.5810-0.5820 confluence before placing fresh bullish bets.
The said area comprises the 50% retracement level and the 200-day Simple Moving Average (SMA), above which the NZD/USD pair could aim to test the 61.8% Fibo. level at 0.5853. The latter reinforces a broader cap ahead of 0.5914 and 0.5992. On the flip side, immediate support is seen at the 38.2% retracement at 0.5767, ahead of the 23.6% level at 0.5714, while a deeper pullback would expose the recent swing low area near the 0.5628 region.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
NZD/USD daily chart
New Zealand Dollar Price Today The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the US Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.09%-0.10%-0.10%-0.18%-0.19%-0.64%-0.12%EUR0.09%-0.01%0.00%-0.09%-0.11%-0.54%-0.03%GBP0.10%0.01%0.02%-0.06%-0.08%-0.53%-0.02%JPY0.10%0.00%-0.02%-0.08%-0.12%-0.56%-0.05%CAD0.18%0.09%0.06%0.08%-0.03%-0.46%0.05%AUD0.19%0.11%0.08%0.12%0.03%-0.43%0.09%NZD0.64%0.54%0.53%0.56%0.46%0.43%0.51%CHF0.12%0.03%0.02%0.05%-0.05%-0.09%-0.51% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).
Moonbeam ukončí provoz 31. července 2026, takže uživatelé Moonwell a Wormhole musí před tímto datem vybrat své prostředky. GLMR se má přesunout 1:1 na ERC-20 token na Base.
Moonbeam, once the crown jewel of Polkadot’s parachain ecosystem, is pulling the plug. The network will cease operations on July 31, 2026, and every user with funds parked on the chain, whether through Moonwell, Wormhole, or any other protocol, has a hard deadline to get their money out.
What’s happening and why it matters Wormhole, the cross-chain interoperability protocol that enables token transfers across blockchains, has issued a direct warning to its users. Any assets bridged to Moonbeam via Wormhole must be withdrawn and transferred to other networks before the shutdown date. Once the parachain winds down, Wormhole contributors will not be able to assist with any stuck assets.
Moonwell, the decentralized lending protocol that operates on Moonbeam, is taking the threat seriously. The protocol has introduced governance proposal MIP-M45, which aims to halt all new supply and borrowing activity on Moonbeam ahead of the parachain’s closure. The proposal also calls for withdrawing reserves from various markets on the chain.
The assets affected on Moonwell include GLMR, xcDOT, USDC, FRAX, and ETH. Users with open lending or borrowing positions on the protocol’s Moonbeam deployment need to close them manually. There is no automatic migration, no safety net, no do-over.
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Moonwell’s strategic retreat from Polkadot Moonwell deprecated its Moonriver deployment on January 29, 2026. Moonriver is Kusama’s equivalent of what Moonbeam is to Polkadot, essentially a canary network that served as a testing ground.
Then, on May 21, 2026, Moonwell migrated its governance from Moonbeam to the Ethereum mainnet. MIP-M45 is the final chapter of that migration story. By halting all new lending and borrowing on Moonbeam, the protocol is effectively telling its remaining users: we’re leaving, and you should too.
The GLMR token migration to Base For holders of GLMR, Moonbeam’s native token, there’s a specific path forward. The token is scheduled to migrate on a 1:1 basis to an ERC-20 token on Base, Coinbase’s Layer-2 network built on Ethereum’s OP Stack.
A migration bridge has been set up for this purpose, but it comes with the same hard deadline. The bridge is expected to remain operational only until July 31, 2026. After that, any GLMR still sitting on Moonbeam becomes unrecoverable.
Moonbeam was the first parachain on Polkadot to support full Ethereum-compatible smart contracts, having launched on January 11, 2022.
What investors and users should do now The immediate priority is straightforward: if you have any assets on Moonbeam, move them. This applies whether you’re using Moonwell, Wormhole, or any other protocol deployed on the chain.
For Moonwell users specifically, the steps involve closing any open lending or borrowing positions on the Moonbeam deployment. For GLMR holders, the 1:1 migration to an ERC-20 token on Base needs to happen before the bridge closes on July 31, 2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SanDisk dál prudce klesá, ale analytici zvyšují cílové ceny; Evercore ISI je zvedla na 3 100 USD z 1 400 USD. Podle nich trh podceňuje odolnost zisku, volného cash flow a cenové síly.
SanDisk stock NASDAQ:SNDK suffered another bruising session on Monday, dropping 12.6% to $1,673.97 as investors rushed out of memory and semiconductor stocks.
The decline continued after the close, with the stock slipping a further 2.4% by late trading.
The contrast is striking as SanDisk has fallen almost 29% from its late-June record and endured some of the market’s sharpest daily swings this month.
Yet Wall Street analysts have responded by lifting price targets rather than abandoning the stock.
Monday’s decline followed a volatile start to July.
SanDisk lost 29% during the month’s first four trading sessions, then recovered 18% over the following three days before selling off again.
Even after the latest pullback, the shares remain more than 600% higher in 2026.
The immediate pressure was not limited to SanDisk. The Philadelphia Semiconductor Index dropped 4.8% on Monday, while Marvell, Intel and other chip stocks also fell sharply.
SanDisk was the weakest member of that group.
Memory stocks were already under pressure in Seoul after SK Hynix suffered its biggest one-day decline in nearly two decades.
The South Korean chipmaker fell more than 15% as investors unwound gains following its record Nasdaq debut. Its US-listed shares then dropped 9.3%.
Escalating US-Iran tensions added to the risk-off mood.
Oil prices surged after renewed fighting near the Strait of Hormuz, raising fresh inflation concerns and pushing investors away from highly valued technology shares.
Analysts believe the sell-off reflects short-term positioning rather than a sudden deterioration in SanDisk’s business.
Evercore ISI analyst Amit Daryanani raised his price target to $3,100 from $1,400 while maintaining an Outperform rating.
Daryanani said investors were “underappreciating the durability” of SanDisk’s earnings, free cash flow and pricing power as the NAND supply-demand imbalance persists through 2027.
Citigroup has maintained a $2,500 target, arguing that strong demand from AI data centres should continue supporting suppliers of NAND flash and hard-disk storage.
Bernstein analyst Mark Newman recently lifted his target to $3,000 from $1,700.
His bullish view rests partly on SanDisk’s new supply-contract model, which uses multiyear commitments and financial guarantees to give the company greater visibility over future sales and cash flow.
Goldman Sachs analyst James Schneider has also raised his target to $2,200 from $1,200 while retaining a Buy rating.
Schneider expects a “very strong” fiscal fourth quarter and has placed his 2026 adjusted earnings estimate roughly 30% above Wall Street’s consensus, according to Investing.com.
The common thread is supply, as building additional NAND capacity requires years of investment, while demand for enterprise solid-state drives is rising as hyperscalers construct more AI data centres.
Investors will get their next major evidence on August 5, when SanDisk reports fiscal fourth-quarter and full-year 2026 results.
The company will then hold an investor day on August 13, when management is expected to provide more details about its long-term contracts, capacity plans and earnings outlook.
Nokia rozšiřuje 5G spolupráci s Taiwan Mobile, aby urychlila přechod k AI-native sítím v Tchaj-wanu. Dohoda má zvýšit kapacitu, automatizaci i energetickou efektivitu sítě.
Nokia and Taiwan Mobile extend 5G partnership to advance AI-powered networks
Nokia's AirScale portfolio and AI-driven software power Taiwan Mobile's 5G network modernization for enhanced performance, automation, and sustainability.New collaboration leverages AI across network intelligence, infrastructure, energy management and resilience to enable advanced 5G services and monetization. 14 July 2026
Espoo, Finland – Nokia today announced it has signed a 5G expansion agreement with Taiwan Mobile to accelerate the evolution toward AI-native mobile networks across Taiwan. The agreement reinforces Nokia’s role as a trusted long-term partner and supports Taiwan Mobile’s goals of enhancing network performance, automation, and sustainability.
Under the agreement, Nokia will deploy its latest AirScale portfolio, including next-generation baseband and radio solutions, alongside advanced software capabilities to enhance Taiwan Mobile’s existing network infrastructure and enable new 5G services and monetization opportunities. The partnership builds on the companies' shared vision of integrating artificial intelligence across mobile networks to create highly automated, resilient and energy-efficient networks capable of supporting the increasing AI traffic.
Driving AI across the network lifecycle
The deployment introduces a comprehensive set of AI-driven capabilities spanning network intelligence, infrastructure, sustainability and resilience:
AI for Network (Intelligence): Nokia will introduce AI-powered software that enables real-time automation and predictive analytics, enhancing operational efficiency and enabling closed-loop network assurance. The agreement includes Predictive Hardware Analytics (PHWA) service and our self-organizing networks solution, MantaRay SON, which uses AI algorithms to automate operations and enhance performance.Network for AI (Infrastructure): Nokia’s next-generation baseband and advanced radio solutions will increase network capacity and uplink performance to meet the demands of new traffic profiles generated by AI applications while delivering superior user experiences.
AI for Energy (Sustainability): Advanced AI-powered energy management algorithms will enable traffic-aware optimization and proactive power savings, helping Taiwan Mobile reduce energy consumption and meet its ESG targets.
AI for GeoStrategy (Resilience): AI-enabled self-healing and traffic steering capabilities will strengthen network resilience, allowing the network to dynamically adapt to changing conditions and maintain service continuity, including in extreme scenarios. Enabling automation, performance, and new services
The new deal will expand 5G capacity and optimize network performance through the deployment of advanced radios and next-generation baseband solutions. These upgrades will support enhanced throughput, improved spectrum efficiency and the delivery of premium user experiences. In parallel, the integration of AI-driven network management and automation solutions will enable predictive maintenance, reduce operational complexity and lower total cost of ownership while supporting the introduction of new 5G capabilities such as slicing and RedCap.
Supporting sustainability and long-term network evolution
Nokia’s energy-efficient hardware combined with AI-driven software will help Taiwan Mobile reduce power consumption and enable more sustainable network operations. This supports the operator’s ambition to build a low-carbon, high-efficiency network while improving overall operational performance.
“We are extending our long-standing partnership with Taiwan Mobile, helping accelerate its journey toward AI-native networks. Our advanced radio and baseband solutions and AI-driven software deliver intelligent automation, enhanced performance and improved energy efficiency, setting the foundation for 5G-Advanced and beyond. The future-ready network enables Taiwan Mobile to deliver increasing volumes of AI traffic, provide new types of services and progress toward its sustainability targets,” said Mark Atkinson, Head of RAN at Nokia.
Jamie Lin, President of Taiwan Mobile, said: “Our collaboration with Nokia is a key pillar in our strategy to build a high-performance, resilient and sustainable network that powers our fast-growing and ever-expanding Telco+Tech businesses. By integrating AI across our network for better energy optimization, resilience and service innovation, we are creating a platform that supports next-generation applications delivered with industry-leading experiences for our customers. This long-term partnership that focuses on win-win enables us to accelerate our leadership position as the go to partner in AI era and unlock new exponential growth opportunities.”
Multimedia, technical information and related news
Product Page: AirScale Radio Access
Product Page: MantaRay SON
Product Page: AI-RAN
About Nokia
Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.
CFO společnosti Phillips 66 Kevin J. Mitchell prodal 11 021 akcií za 2,1 milionu USD v rámci plánu 10b5-1, ale dál drží podíl v hodnotě asi 18,48 milionu USD. Transakce přišla po 45% růstu akcie za 12 měsíců.
Kevin J. Mitchell, Exec. VP and CFO of Phillips 66 (PSX +5.27%), reported a sale of 11,021 shares on July 9, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$2.1 millionShares sold11,021Post-transaction shares (directly held)97,376Post-transaction value$18.48 millionKey questionsWhat was the mechanism and timing of this transaction?
The CFO executed an exercise of 11,021 options at a strike price of $94.97 and immediately sold the shares at a weighted average price of $190.03. This activity was automated under a Rule 10b5-1 trading plan adopted on November 21, 2025, which allows insiders to execute pre-planned trades to diversify holdings.How does this disposition affect the executive's total equity exposure?
The transaction reduced Kevin J. Mitchell's direct common stock holdings by 10%. Following the sale, he retains 97,376 shares of common stock, which includes 31,849 Restricted Stock Units that settle for shares on a 1-for-1 basis, along with 2,050 additional derivative securities.What is the market context for this sale?
The transaction occurred after the stock delivered a 45% return over the 12 months ending July 9. Based on the July 10, 2026 market close of $188.36, the CFO's remaining direct equity position is valued at approximately $18.3 million.Company OverviewMetricValueShare Price (as of market close 2026-07-10)$188.36Market Capitalization$75.5 billionRevenue (TTM)$134.5 billionNet Income (TTM)$4.1 billionCompany SnapshotPhillips 66 operates a diversified energy business spanning midstream infrastructure, refining, chemicals, and marketing & specialties segments, generating revenue through crude oil processing, petroleum product distribution, energy commodity transportation, and specialty chemical production.The company generates earnings through integrated operations that combine capital-intensive refining and logistics assets with downstream chemical manufacturing and marketing activities, capturing value across the energy value chain from feedstock processing to end-market distribution.Phillips 66 serves a broad customer base including petroleum refiners, chemical manufacturers, transportation and logistics operators, and industrial end-users requiring refined products, specialty chemicals, and energy infrastructure services.Phillips 66 is a diversified energy company with a $75.5 billion market capitalization, positioning it as a significant integrated player in the energy sector. The company's competitive advantage derives from its vertically integrated business model spanning midstream logistics, refining operations, and specialty chemicals, enabling operational synergies and margin capture across multiple energy value chain segments. With 13,200 employees and a strategic focus on both traditional energy infrastructure and specialty chemical markets, Phillips 66 maintains a balanced portfolio approach to energy sector exposure.
What this transaction means for investorsThis sale isn’t small, at roughly 10% of direct common stock holdings, but it still ultimately reads like a routine, well-structured cash-out and not a bet against the stock. Mitchell exercised options struck at $94.97 and sold at $190.03 the same day, capturing a spread of nearly $95 a share under a plan he set eight months earlier.
Meanwhile, the company’s latest results give some room to hold the rest. In the first quarter, Phillips 66 surprised a Street that had braced for a loss, posting adjusted earnings of $0.49 per share as realized refining margins hit $10.11 with crude utilization at roughly 95%. Management guided to low-to-mid 90% refining utilization for the second quarter.
For long-term investors, the insider sale is essentially background noise. The real questions are whether refining margins hold, whether the debt-reduction and asset-sale plan stays on track, and how the activist pressure from Elliott reshapes the portfolio after some recent board changes. The firm reports second-quarter earnings on August 5.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Phillips 66. The Motley Fool has a disclosure policy.
TSMC čeká páté čtvrtletí v řadě s rekordním ziskem díky silné poptávce po AI čipech. Tržby za druhé čtvrtletí vzrostly meziročně o 36 % na nové maximum.
SummaryCompaniesNet profit forecast to jump 59% to $20 billion in second quarterEarnings call scheduled for Thursday at 0600 GMTTSMC benefiting more than other chip foundries from AI boomSecond-quarter revenue rose 36% to new record, TSMC said MondayTAIPEI, July 14 (Reuters) - TSMC, the world's largest manufacturer of advanced AI chips, will likely notch a fifth consecutive quarter of record earnings, driven by booming AI infrastructure spending.
Analysts say demand for Taiwan Semiconductor Manufacturing Co's (TSMC) (2330.TW), opens new tab 3-nanometre and 2-nanometre process technologies for AI chips, as well as for its advanced chip packaging technology, CoWoS, remains strong.
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That has catapulted Asia's most valuable company, a key supplier to Nvidia (NVDA.O), opens new tab and Apple (AAPL.O), opens new tab, to new heights. Its market capitalisation is now nearly double that of South Korean rival Samsung Electronics (005930.KS), opens new tab at around $1.97 trillion.
On Thursday, TSMC is expected to report a 59% surge in net profit to T$632.6 billion ($19.65 billion) for the second quarter, according to an LSEG SmartEstimate compiled from 18 analysts. SmartEstimates place greater weight on forecasts from analysts who are more consistently accurate.
An earnings call at which it will provide third-quarter and updated full-year guidance is scheduled for 0600 GMT.
Any result above T$572.5 billion would mark the company's highest-ever quarterly net income, and its 10th consecutive quarter of profit growth.
On Monday, it posted a 36% year-on-year rise in second-quarter revenue, ahead of market forecasts and a new record high.
"TSMC’s strong second-quarter revenue shows AI demand remains healthy, driving demand for its advanced chip production and CoWoS packaging," said Dan Nystedt, research analyst at TriOrient, an Asia-based private investment firm.
People stand behind a sign with a TSMC logo during TSMC's third quarter earnings conference in Taipei October 25, 2012. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) forecast two quarters... Purchase Licensing Rights, opens new tab Read more
Analysts broadly expect TSMC to raise its full-year revenue growth outlook.
Haas Liu, Bank of America's Asia semiconductor analyst, said in a research note that supply chain checks suggest the AI demand pipeline remains strong, and that TSMC could raise the full-year outlook from its current guidance of "above 30%" year-on-year.
Another key focus for investors will be whether TSMC raises its capital spending outlook, viewed as an important gauge of management's confidence in the durability of AI demand.
On its last earnings call in April, the company said 2026 capital expenditure would be at the high end of its earlier guidance of $52 billion to $56 billion.
While some analysts, including Nystedt, expect TSMC to retain that guidance, Liu forecasts the company could raise capital spending to about $58 billion, citing tight equipment supply and aggressive capacity expansion by memory makers including Samsung Electronics (005930.KS), opens new tab, Micron Technology (MU.O), opens new tab and SK Hynix (000660.KS), opens new tab.
TSMC is investing $165 billion to build chip factories in the U.S. state of Arizona.
TSMC's Taipei-listed shares have gained 56% so far this year, slightly higher than the 54% rise for the broader market (.TWII), opens new tab.
($1 = 32.1880 Taiwan dollars)
Reporting by Wen-Yee Lee and Ben Blanchard; Editing by Kevin Buckland
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Ben joined Reuters as a company news reporter in Shanghai in 2003 before moving to Beijing in 2005 to cover Chinese politics and diplomacy. In 2019 Ben was appointed the Taiwan bureau chief covering everything from elections and entertainment to semiconductors.
The Trade Desk zpřístupnil inzerentům v Japonsku nákupní údaje SEVEN-ELEVEN JAPAN od zhruba 28 milionů členů aplikace 7-Eleven App pro cílení reklamy napříč digitálními kanály.
Enabling integration of purchase data from approximately 28 million 7-Eleven App members on the DSP
, /PRNewswire/ -- The Trade Desk (Nasdaq: TTD), a global leader in advertising technology, today announced the integration of retail purchase data from SEVEN-ELEVEN JAPAN CO., LTD. (hereinafter "SEJ") into The Trade Desk platform, enabling advertisers to programmatically activate SEJ's retail purchase data across digital channels through The Trade Desk platform. The capability is now available to all advertisers in Japan. This represents one of the leading examples in Japan of integrating SEJ's purchase data with a DSP.
This integration enables advertisers to activate high-quality data at scale across digital channels on the open internet, including over‑the‑top (OTT), connected TV (CTV), audio, and display, representing an important step forward in Japan's retail media landscape.
Through this initiative, advertisers can seamlessly access and activate audience segments built from purchase data-driven insight based on the purchase behavior of approximately 28 million 7-Eleven App members directly within The Trade Desk platform. SEJ operates Japan's largest convenience store network, with around 22,000 stores nationwide and approximately 20 million daily visitors.[1] The integration enables activation of always-on audience segments — including demographic and high-demand purchase-based audiences — built from a wide range of product categories. Audience segments are curated based on advertiser needs using up to one year of purchase history (ID-POS data), enabling more precise audience targeting across omnichannel campaigns.
This collaboration addresses a longstanding challenge in Japan, where access to high-quality retail data has historically been fragmented and operationally complex. Through API integration with the platform, SEJ's data is regularly refreshed and made available within The Trade Desk platform, enabling advertisers to plan, activate, and optimize campaigns with greater efficiency and reduced operational complexity.
At the core of this integration is The Trade Desk's AI-driven platform, which transforms retail purchase signals into structured, scalable audience intelligence— bridging the gap between data access and real-time activation across channels. This enables advertisers to not only identify the right audiences, but to continuously refine and optimize how those audiences are reached, driving performance across the open internet.
"Japan's retail media ecosystem is entering a new phase," said Kei Majima, General Manager, Japan, The Trade Desk. "We are excited to bring this initiative to market, expanding access to one of Japan's most extensive retail data offerings for omnichannel advertising. As the industry evolves, the ability to programmatically activate high-quality data will be critical to driving performance and accountability in digital advertising. By integrating high-quality purchase data from SEJ, one of Japan's largest convenience store chains, directly into our platform, advertisers can now engage audiences more precisely and efficiently across channels, helping to unlock the full potential of retail data for advertisers in Japan."
Key Benefits for Advertisers
High-Fidelity Audience Segments: Access audience segments built on a wide range of product categories and up to one year of purchase history, enabling more precise demographic and purchase-based targeting. Custom Audience Capabilities: Collaborate with SEJ to build and activate audience segments tailored to specific brands for more precise targeting. Omnichannel Activation: Apply retail data across digital channels via The Trade Desk platform for flexible, scalable campaigns. AI-Powered Audience Activation & Optimization: Transform retail purchase data into scalable audiences that can be activated across channels and continuously refined using AI to improve campaign performance over time. Advancing Retail Media Infrastructure in Japan
This initiative reflects a broader evolution in Japan's retail data landscape—from fragmented, one-off data use to always-on, infrastructure-driven approaches that enable scalable and continuous audience engagement. Historically, retail data activation relied on custom integrations that limited continuous campaign execution. With this integration, SEJ's data can now be continuously refreshed and activated in real time, enabling advertisers to improve audience targeting accuracy and advertising performance in a privacy conscious manner.
As global retail data evolves toward greater standardization, enabling secure, scalable data use has become a key industry priority. This data integration signals a growing focus in Japan on not only protecting data but also enabling its responsible and effective utilization. Through this initiative, The Trade Desk and SEJ provide a practical model for how high-quality retail data can be applied at scale, demonstrating how infrastructure and privacy-conscious design can support more effective retail data activation at scale.
[1] Figures as of the end of May 2026
About The Trade Desk
The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, X, LinkedIn and YouTube.
Uber uvedl, že Uber Eats byl v posledních několika čtvrtletích samostatně ziskový a generuje značný zisk. Firma zároveň rozšiřuje služby o hotely, cestování a další funkce, ale nechce být „všechno pro všechny“.
Uber has spent the last year quietly pushing beyond the two businesses most people associate it with. There’s ride-hailing, of course, and delivery, but spend time in the app and you’ll now find hotel bookings powered by Expedia, “shop for me” concierge features, and boat rentals in Europe.
Under the hood, so to speak, there’s also a lot happening. Think debit cards for drivers, a data-labeling side hustle for these same earners looking to make more moolah, and a six-month-old, business unit called AV Labs, which is developing a fleet of sensor-equipped vehicles that’s separate from Uber’s regular driver network and designed to gather ever-larger amounts of driving data. Uber frames the initiative as a way to strengthen its relationships with autonomous vehicle partners, several of which it also holds equity in, but it sure looks like a hedge, as well. Uber competes directly with some of those same partners, with Waymo chief among them, and owning the data layer gives Uber both some leverage and optionality.
Whether Uber becomes a full-blown “everything app” similar to some Asian super-apps like Grab, remains an open question. But in this conversation, Uber Chief Product Officer Sachin Kansal walks TechCrunch through the company’s financial-services ambitions, its increasingly complicated relationship with Waymo, its new AV Labs data operation, and how AI is starting to show up in ways riders and drivers will actually notice.
This interview has been edited for length and clarity.
TC: You unveiled hotels, boat rentals, and more shopping features earlier this year. How did that list get made, and what didn’t make the cut?
SK: Every year our teams are obviously building a lot of stuff, and a subset of that we decide is worth sharing with the world on the biggest stage. This year the theme that we gravitated towards was really travel. 1.5 billion trips on the Uber platform every year actually happen outside of a user’s home city, so we know that travel is something that’s a very common use case for Uber users. Our headline announcement this time was actually introducing hotels on Uber as a partnership with Expedia. But travel is so much more than that — you need rides to go from the airport to the hotel, and you need food. We heard from a lot of our users that a lot of them had stopped using room service and were just using the Uber Eats app. With “shop for me,” the goal was for us to enable you to shop from any local store even if that store is not available on Uber Eats with the entire catalog. Travel really is, in my opinion, the third leg of the stool — we had rides, then we added eats, and now we are adding travel.
Is Uber moving toward offering its own financial services, the way “everything apps” in Asia do?
Financial services for us cuts across multiple different entities — consumers, but also drivers and couriers, and merchants. We have multiple products today focused mostly on drivers and couriers, where we have what we call the Uber Pro card, which they can use as a debit card and transfer all their earnings onto. We are starting to experiment with some of those products for merchants in certain parts of the world right now. As far as consumers are concerned, we’ll see if that makes sense for us in the long term. Right now there is a currency for consumers to use — we call them Uber credits — and this ties to our membership program. On hotels, for example, members get 10% cash back on a $1,000 transaction, that’s $100 back as credit that you can then use on rides and eats.
Would Uber ever offer its own buy now, pay later product?
I’m not sure, because we want to make sure that the experts do what the experts do. We already have announced partnerships with others in the industry who are already providing that service, so that at checkout you have the ability to do that. In terms of our general product strategy, we’re not trying to be everything to everyone.
With boat rentals, in Europe, tapping the tab hands users off to a partner’s own booking flow rather than checking out inside Uber. Is that handoff model a template for what’s coming?
Definitely there are some instances, especially when we are doing something new, for us to rely on our partners, because a two-way integration just does take a lot of time, and in some cases it’s good for us to try before we integrate deeply. In the case of Expedia, we decided it just makes sense to integrate deeply — we built the entire UI on our own in partnership with Expedia. But in some cases it may make sense for us to hand off the rest of the experience to the experts in that field, and if you get great traction, we can always integrate them deeply.
Your Uber One membership product now has 51 million members and accounts for roughly half of bookings. Do you have data showing the cross-sell actually works — that a delivery user later starts taking more rides?
On the delivery side, it takes you two to three orders for you to break even the monthly fee that you pay. As members get more habituated to the program, it’s increasing their frequency within the line of business they are already using. And it’s also leading to more usage of the other sides of the business — we are seeing people who are mobility only also start to use delivery, and people who are delivery only also start to use mobility.
Delivery has been one of the hardest businesses in tech to make profitable. Is Uber Eats still leaning on ride-hailing to stay healthy?
During the early years of Uber Eats it was not profitable yet, but over the last several quarters, Uber Eats has been independently a profitable business for us, and generating a lot of profit.
A story I wrote this spring framed Uber as unexpectedly competing more directly with Airbnb, which is now offering airport transfers through a partner. Do you see it that way? Who are you most focused on?
There’s no dearth of competitors — Lyft in the U.S., Didi and 99 in Latin America, Bolt, Ola around the world, and on delivery, DoorDash, Delivery Hero. But I only spend a very small percentage of my time thinking about that. The bigger percentage of my time, or what keeps me up at night, is are we providing our users all the value that we can provide.
You recently wound down the Waymo pilot in Phoenix while scaling elsewhere. How do you keep the experience coherent when you’re partnering with — and in some cities competing with — the same supplier?
Phoenix was the first city that we launched with Waymo, with about a dozen cars, but our scale launches have been in Austin and Atlanta, where we have hundreds of cars with them. When we recently looked at the Phoenix pilot, we mutually decided that it doesn’t make sense for us to continue. Waymo is an excellent partner of ours, but in many cities they’re also a competitor. We are not in the race to be an L4 autonomy provider — what we are focusing on is laying down the race tracks so we can work with multiple players. We believe in the hybrid network, human drivers as well as autonomous vehicles in the same city, because it allows us to balance demand and supply.
Regarding AV Labs, what can Uber offer autonomy partners that they don’t already have?
We are going to be equipping hundreds of cars with sensors, deployed through our fleet partners, and through that we’ll be collecting millions of miles worth of driving data. That really helps with the long-tail problem — you want to see all the edge cases, not just the P95, P99 level. Beyond the data itself, there’s so much know-how from our 10 million earners in terms of how pickups and drop-offs work. We handle 25 million lost items every single year — how do you operationally handle that in the world of autonomy? That’s the kind of operational expertise we can bring.
Is Uber selling driver and rider data to Gen AI companies?
I would divide this into two parts. In terms of Gen AI companies, we are able to label data for them using our earner base, or through audio collection, and yes, we have commercial relationships with them and we are selling it to them — that’s a part of the business that is new, and we are extremely bullish about it. AV Labs is separate, and we are still figuring those models out for sharing that data with partners. It’s a little early.
Are drivers recording conversations with riders for this data work?
No, no, no — I want to be very clear, there’s no conversation being recorded as part of that while they’re on a ride. When they’re not on a trip, they’re not driving, they’re not delivering, they’re just talking, or they’re listening to a piece of audio and transcribing it. They get paid for doing that, by the way.
Where has AI actually shown up in ways a rider or driver would notice?
If you are an earner on our platform, we have an earner assistant — the number one question on their mind is how do I make more money, and it will say, look, it’s actually pretty light in the South Bay, but you may want to go five miles away where there’s a lot of demand. On the Eats side, there’s a grocery cart assistant where you can say “I want milk, eggs, bread” and it creates the cart very quickly. And on rides, you’re able to use voice to request a ride — say “I’m looking for a ride to the airport, I have six pieces of luggage, six people.”
So a fully agentic Uber — “plan and book my whole trip” — is on the horizon?
I can’t put a date on it, and I can’t tell you exactly what the feature set will be, but I think AI is going to be a huge enabler of that, where I can leave the complexity to the platform and just tell an agent what exactly I want. Easier said than done — we want to make sure we’re not just checking a box by shipping an agent that maybe doesn’t work that well.
As CPO, how do you personally prioritize with so many ideas in flight?
I would say I spend 70% to 80% of my time making sure that our existing products, or the products we are about to launch, are as solid as possible. All the new ideas are like shiny objects — if you have 100 ideas, maybe five of them are good, and those five then need a lot of cultivation and conviction. So probably 20% of the time is on new ideas — including, by the way, I go out and drive and deliver myself, just to see our product from the other side firsthand.
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Ředitel společnosti Block Anthony Mathew Eisen prodal 18 000 akcií za 1,4 milionu USD v rámci předem připraveného plánu 10b5-1. Block zároveň uvedl, že hrubý zisk Cash App v prvním čtvrtletí vzrostl o 38 %.
Anthony Mathew Eisen, a director at Block, Inc. (XYZ +1.90%), sold 18,000 shares of Class A Common Stock between July 9, 2026 and July 13, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$1.4 millionShares sold18,000Post-transaction shares (directly held)1,838,672Post-transaction value$144.74 millionKey questionsWhat is the regulatory context for this transaction?
This sale was completed under a Rule 10b5-1 trading plan, which Eisen adopted on March 2, 2026. Such plans allow insiders to schedule future stock sales in advance to avoid potential concerns regarding material non-public information.What is the scale of the insider's remaining direct equity exposure?
Following this transaction, the Director continues to hold about 1.8 million shares directly. This remaining position represents a market value of $144.74 million as of the July 13, 2026 market close.How does the current stock performance compare to the transaction price?
The shares were sold at a weighted average price of $77.80, while the stock closed at $77.30 on July 10, 2026. The company currently maintains a market capitalization of $46 billion and has reported trailing twelve-month revenue of $24.5 billion.What is the breakdown of the Director's total beneficial interest?
The reported holdings consist exclusively of direct ownership, with 1,838,672 shares remaining in the director's name.Company OverviewMetricValueShare Price (as of market close 2026-07-10)$77.30Market Capitalization$46.0 billionRevenue (TTM)$24.5 billionNet Income (TTM)$807.1 millionCompany SnapshotBlock is a fintech company that develops and operates a comprehensive suite of payment processing solutions, including hardware readers (Magstripe, Contactless and chip readers supporting EMV and NFC technologies) and software platforms that enable merchants to process card payments and access advanced reporting and analytics capabilities.The company generates revenue through transaction processing fees, hardware sales, and software-as-a-service offerings, with a business model centered on providing integrated payment infrastructure and next-day fund settlement services to merchants of varying sizes.Block serves a diverse merchant base ranging from small independent retailers to larger enterprises, targeting businesses across multiple verticals that require reliable payment processing, financial visibility, and capital management solutions.Block, Inc. operates as a leading infrastructure software provider in the payments ecosystem, with TTM revenues of $24.5 billion and a market capitalization of roughly $46 billion. The company leverages its integrated hardware and software platform to deliver comprehensive payment solutions that address merchant needs for transaction processing, financial analytics, and working capital optimization. Block's competitive positioning is strengthened by its end-to-end payment infrastructure, next-day settlement capabilities, and robust reporting analytics that differentiate its offerings in the competitive payments technology sector.
What this transaction means for investorsThis sale ultimately looks like a co-founder trimming a corner of a very large position, not a signal about where Block is headed. Eisen sold on a plan set back in March, and 18,000 shares barely dents the roughly 1.8 million he still holds, worth about $145 million. Eisen co-founded Afterpay, the buy-now-pay-later business Block acquired in 2021, so his stake reflects a company he helped build. When someone with nine figures still on the table sells a fraction of a percent on a preset schedule, the tax-and-diversification read is the honest one.
Meanwhile, the business is running well beneath a somewhat messy headline, with shares seesawing recently and settling about 15% up for the year. Block's first-quarter gross profit rose 27% to $2.91 billion, led by 38% growth at Cash App, and adjusted operating income hit a record $728 million. Management raised full-year gross-profit guidance to $12.33 billion, and CEO Jack Dorsey leaned into AI tools like MoneyBot as the next growth lever. The firm is planning to report second-quarter earnings on August 5.
For long-term investors, the sale is noise, but the GAAP-versus-adjusted gap is worth understanding. Block posted a $309 million net loss on restructuring and bitcoin charges even as the underlying business accelerated, so it’ll be important to see whether Cash App's momentum holds as its lending boom normalizes.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block. The Motley Fool has a disclosure policy.
Enbridge má zajištěný růstový kapitálový backlog přes 28 miliard USD, což podporuje budoucí cash flow. Firma zároveň zvyšuje roční dividendu už 31 let v řadě.
Enbridge (ENB +0.73%) is one of North America's largest energy infrastructure companies, operating in the midstream part of the ecosystem, which is responsible for transporting and storing oil, natural gas, and other energy products.
At the end of the first quarter, Enbridge served over 75% of North American oil refineries, transported 20% of all natural gas consumed in North America, and served over 7 million utility customers. It might not be a household name, but it's an important part of the country's energy infrastructure, and its growth will continue as its project backlog expands.
Image source: The Motley Fool.
Enbridge has plenty of future commitments locked in Enbridge's growth capital backlog is essentially its to-do list of projects. The company has committed to the projects, but they haven't been fully completed or put into service yet. Enbridge's backlog currently includes the following:
Expanding its current natural gas and liquids pipelines Developing utility networks Developing offshore wind farms Improving its carbon capture and storage abilities A backlog may not be ideal from a short-term standpoint, but it's a visible way for investors to assess Enbridge's future revenue. And given that much of the appeal of Enbridge's stock lies in its dividend, it should be reassuring to investors that the company continues to secure cash-generating projects.
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Enbridge's dividend works a bit differently from that of U.S. companies Typically, when a company declares a dividend amount, you know that's the exact amount you can expect. If it's $1 quarterly, you can expect $1 paid out.
Enbridge is a Canadian company, so it pays dividends in Canadian Dollars (CAD), but when it pays them out to American investors, it automatically converts them to USD. Since the CAD-USD exchange rate fluctuates, the exact dividend payout amount will vary. It's likely not by much, but it will fluctuate nonetheless.
You should also expect the dividend to be subject to a 15% upfront withholding tax in Canada, but you can recoup it on the back end by claiming the Foreign Tax Credit (IRS Form 1116), which will reduce your tax liability by the amount Canada withheld. This prevents you from paying taxes twice on the dividend you receive.
ENB Dividend data by YCharts
Know what you are and aren't getting with Enbridge's stock Enbridge isn't a stock you should buy expecting consistent market-beating returns (although it is outperforming the S&P 500 this year through July 11), but it's hard to deny its effectiveness as a reliable income source. It has increased its annual dividend for 31 consecutive years, and with its current backlog and growth capital projects, I don't see that streak ending anytime soon.
The company has a minor red flag -- its high debt -- but that isn't an issue that should cause investors to lose sleep. It remains a great buy for income investors and has plenty of cash flow to remain shareholder-friendly.
Kalifornie spouští nový program pobídek MyFirstEV pro první kupce elektromobilů a výjimka z cenových stropů zvýhodní Rivian a Lucid. Tesla by se naopak musela řídit limity. Program nabídne 3 500 USD na nové vozidlo a 1 750 USD na ojeté, přičemž nové vozy nesmí mít cenu nad 50 000 USD a ojeté nad 25 000 USD.
Companies like Rivan and Lucid could be exempt from the price caps that bar EVs from qualifying for California's new incentive program. Patrick T. Fallon/AFP via Getty Images California is launching a new incentive program for first-time electric vehicle buyers that gives companies like Rivian and Lucid an edge.
Gov. Gavin Newsom signed a bill, SB 168, into law on Monday that will give first-time EV customers an instant incentive of $3,500 on a new vehicle and $1,750 toward a used one at the point of sale.
The program, called MyFirstEV, is expected to launch this summer, though the state did not announce an exact start date. A spokesperson for the California Air Resources Board (CARB), which will administer the statewide program, told Business Insider that the agency expects to announce participating automakers next month.
The bill has a price cap for EVs to qualify. New vehicles can't have a manufacturer's suggested retail price above $50,000, while used vehicles can't sell for more than $25,000.
However, the law exempts EV makers headquartered in California that manufacture only zero-emission vehicles, allowing companies like Rivian and Lucid to participate in the incentive program regardless of vehicle prices. Rivian is headquartered in Irvine, while Lucid is based in Newark.
Both companies sell vehicles priced well above the bill's caps. Rivian's R1T truck has a starting price of under $80,000. Lucid primarily sells luxury EVs, with the Air sedan starting at around $71,000.
A Lucid spokesperson told Business Insider that it intends to participate in the statewide program and that Lucid Air and Gravity vehicles will be eligible for California customers.
"We see this as a meaningful opportunity to help make advanced electric vehicles more accessible to California buyers," the spokesperson said, adding that the company "applauds the inclusion of the exemption."
Although Tesla manufactures the Model 3 and Model Y at its Fremont factory and maintains an engineering headquarters in Palo Alto, it would be excluded from the exemption. The company moved its corporate headquarters from California to Austin in 2021.
The CARB spokesperson confirmed that Lucid and Rivian could qualify for the exemption, while Tesla would be subject to the price caps.
Tesla wouldn't be entirely shut out of the incentive program. Lower-priced versions of the Model 3 and Model Y that fall below the $50,000 cap could qualify if the company chooses to participate.
The CA governor's office presented the program as a replacement for the federal EV tax credit program, which the Trump administration rolled back. Under the now-defunct federal program, EV buyers could get up to $7,500 in incentives.
"Donald Trump is doing everything in his power to pollute our air and surrender the clean car industry to China on a silver platter. California is putting its foot on the accelerator," Newsom said in a statement.
Spokespeople for Rivian and Tesla did not respond to a request for comment.
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Robinhood Markets is weighing the sale of between $400 million and $500 million of asset-backed securities, including a bond backed by bills for its branded consumer credit cards, Bloomberg reported Monday (July 13), citing unnamed sources.
The company is currently gauging investor interest in the bond, which would be its first such offering, according to the report.
Robinhood did not immediately reply to PYMNTS’ request for comment.
According to the Bloomberg report, Capital One Financial sold $3.85 billion in bonds backed by card receivables last week.
Robinhood announced June 25 that it closed an offering of $2.2 billion of 0.00% convertible senior notes due 2029.
The company said at the time in a press release that the transaction enhanced its “strategic flexibility to invest for future growth” and that it would use about $290 million of the proceeds to repurchase outstanding Class A common stock.
PYMNTS reported in April that Robinhood’s first quarter earnings reflected the company’s deliberate pivot from a trading app tied to retail speculation toward an integrated financial platform built to capture long-term customer value.
“Driven by our relentless product velocity and innovation, Robinhood is increasingly positioned at the center of our customers’ financial lives, just as we enter the early innings of the Great Wealth Transfer,” Robinhood Chairman and CEO Vlad Tenev said during the earnings call.
Robinhood’s March 2024 launch of a credit card marked the continuing expansion of the company into financial services at that time.
The company said at the time that it recognized the need for change and that it sought to reimagine the credit card experience with the launch of the Robinhood Gold Card.
PYMNTS reported at the time that while Robinhood made a name for itself as a stock trading and investment app, it had begun to broaden its horizons.
Robinhood announced in March that it introduced a high-end credit card with a $695 annual fee and luxury perks as part of a suite of new products centered on family finance.
In May, the company launched Agentic Trading and the Agentic Credit Card, which allows artificial intelligence agents to make trades and credit card purchases on a customer’s behalf.
Itron uzavřel poslední seanci na 83,39 USD, což je pokles o 2,01 % za den. Před zveřejněním výsledků 28. července trh čeká EPS 1,3 USD a tržby 564,72 milionu USD.
Itron (ITRI - Free Report) ended the recent trading session at $83.39, demonstrating a -2.01% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.79%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 1.55%.
Prior to today's trading, shares of the energy and water meter company had gained 5.64% outpaced the Computer and Technology sector's gain of 3.44% and the S&P 500's gain of 4.28%.
Investors will be eagerly watching for the performance of Itron in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 28, 2026. It is anticipated that the company will report an EPS of $1.3, marking a 19.75% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $564.72 million, down 6.93% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.01 per share and revenue of $2.38 billion, indicating changes of -15.71% and +0.34%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Itron. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Itron is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, Itron is presently being traded at a Forward P/E ratio of 14.16. This signifies a discount in comparison to the average Forward P/E of 24.85 for its industry.
Also, we should mention that ITRI has a PEG ratio of 0.75. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Electronics - Testing Equipment industry was having an average PEG ratio of 2.02.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 20, finds itself in the top 9% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
SMCI klesla o 2,3 % na 27,66 USD a za poslední měsíc odepsala 7,06 %. Investoři čekají na výsledky, kde se počítá s EPS 0,7 USD a tržbami 11,71 miliardy USD.
Super Micro Computer (SMCI - Free Report) ended the recent trading session at $27.66, demonstrating a -2.3% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.79% for the day. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 1.55%.
The server technology company's shares have seen a decrease of 7.06% over the last month, not keeping up with the Computer and Technology sector's gain of 3.44% and the S&P 500's gain of 4.28%.
The upcoming earnings release of Super Micro Computer will be of great interest to investors. The company is expected to report EPS of $0.7, up 70.73% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $11.71 billion, indicating a 103.47% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.59 per share and a revenue of $39.67 billion, demonstrating changes of +25.73% and +80.55%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Super Micro Computer. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.35% higher within the past month. Super Micro Computer is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, Super Micro Computer currently has a Forward P/E ratio of 8.82. For comparison, its industry has an average Forward P/E of 15.88, which means Super Micro Computer is trading at a discount to the group.
It is also worth noting that SMCI currently has a PEG ratio of 0.31. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Computer- Storage Devices industry had an average PEG ratio of 1.67 as trading concluded yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 6, this industry ranks in the top 3% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Comcast v poslední seanci vzrostl o 1,7 % na 23,97 USD, ale za poslední měsíc ztratil 3,8 %. Trh čeká výsledky 23. července 2026; EPS má klesnout na 0,97 USD a tržby na 29,31 miliardy USD.
In the latest close session, Comcast (CMCSA - Free Report) was up +1.7% at $23.97. The stock outperformed the S&P 500, which registered a daily loss of 0.79%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 1.55%.
Shares of the cable provider witnessed a loss of 3.8% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 0.62%, and the S&P 500's gain of 4.28%.
Analysts and investors alike will be keeping a close eye on the performance of Comcast in its upcoming earnings disclosure. The company's earnings report is set to go public on July 23, 2026. The company's upcoming EPS is projected at $0.97, signifying a 22.40% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $29.31 billion, indicating a 3.31% decline compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.49 per share and revenue of $121.86 billion. These totals would mark changes of -19.03% and -1.49%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Comcast. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.21% lower. Comcast is currently a Zacks Rank #4 (Sell).
In the context of valuation, Comcast is at present trading with a Forward P/E ratio of 6.76. This represents a premium compared to its industry average Forward P/E of 4.94.
It is also worth noting that CMCSA currently has a PEG ratio of 1.94. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. CMCSA's industry had an average PEG ratio of 0.6 as of yesterday's close.
The Cable Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 237, which puts it in the bottom 4% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
