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While it remains a mystery exactly why certain companies are removed from the venerable Dow Jones Industrial Average, even after years on the legacy index, we decided to ask Anthropic’s Claude chatbot for an answer on how those decisions are made. These were the results we got:

S&P Dow Jones Indices manages the Dow Jones Industrial Average, and changes to its composition are determined by an index committee—not by any fixed formula or automatic screening process. This is a key difference from many other indices (like the S&P 500), which use largely rules-based, quantitative criteria for additions and removals.

Who decides:

The S&P Dow Jones Indices Averages Committee, made up of full-time S&P Dow Jones Indices employees (analysts and economists), meets periodically and can also convene on an as-needed basis when a change seems warranted. The committee’s decisions are essentially editorial judgment calls rather than mechanical rule-following.

Criteria/factors considered for removal:

Since there’s no strict quantitative threshold, the committee weighs a mix of factors, including:

Reputation decline — A company falling out of favor, facing major controversy, or losing standing as a leading representative of American industry. Slower growth or shrinking relevance — A company no longer reflecting the sector or economy it’s meant to represent. Sector balance — The committee tries to maintain reasonable representation across major sectors of the economy. If a sector becomes overrepresented or underrepresented, a swap may follow. Stock price distortions — Because the DJIA is price-weighted (not market-cap weighted), a stock with an unusually high or low price can distort the index’s calculations. Extreme price divergence, or a stock split that significantly changes a company’s weighting, can be a trigger for a change. Corporate actions — Mergers, acquisitions, bankruptcy, or a company being acquired can force removal, since the company effectively stops existing as an independent public entity. Overall fit — Whether the company remains a widely held, financially sound, and historically significant “blue chip” that meaningfully represents the U.S. economy. When a company is removed, it’s simultaneously replaced by another company chosen to maintain balance across the 30-stock index. Because these decisions are subjective and infrequent, they tend to draw significant market attention when announced, and the S&P Dow Jones Indices typically announces changes a few days before they take effect.

With all that in mind, we decided to screen the stocks that had been removed over the past few decades and see whether the committee of analysts and economists is making the right removal decisions. Interestingly, some of the companies that were kicked out have soared and, in many cases, continued to pay big, dependable dividends. One thing we did note is that, over the past decade, technology companies have been replacing the stocks they remove.

Here are five dividend-paying giants that were all removed from the Dow.

Altria Altria (NYSE: MO | MO Price Prediction) is one of the world’s largest producers and marketers of cigarettes and other tobacco-related products. This tobacco stock offers value investors a solid entry point and a 5.66% dividend. Altria manufactures and sells smokable and oral tobacco products in the United States primarily to wholesalers, including distributors and large retail organizations, such as chain stores.

Kiplinger notes that after it was removed in 2008, shareholders who held through the transition saw their shares surge by more than 150% in the years following, excluding dividends.

The company primarily sells cigarettes under the Marlboro brand, as well as:

Cigars and pipe tobacco, principally under the Black & Mild and Middleton brands Moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands on! Oral nicotine pouches e-vapor products under the NJOY ACE brand Altria used to own over 10% of Anheuser-Busch InBev (NYSE: BUD), the world’s largest brewer. In March of 2024, the company sold 35 million of its 197 million shares through a global secondary offering. That represents 18% of its holdings but still leaves 8% of the outstanding shares in its back pocket. Altria also announced a $2.4 billion stock repurchase plan partially funded by the sale.

Altria increased its quarterly dividend in the fall of 2025 by 3.9%, from $1.02 to $1.06 per share, marking its 57th consecutive dividend increase.

AT&T AT&T (NYSE: T) is the world’s fourth-largest telecommunications company, measured by revenue. The legacy telecom has been undergoing a lengthy restructuring process while maintaining a solid dividend of 5.06%. Thirteen analysts have given the stock a Buy rating, indicating broad Wall Street support.

It was removed from the index in 2015 to clear space for Apple (NASDAQ: AAPL). AT&T was a long-time Dividend Aristocrat before structural corporate changes and spinoffs altered its payout strategy.

AT&T provides a range of telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services. Through its company-owned stores, agents, and third-party retail stores, it sells:

Handsets Wireless data cards Wireless computing devices Carrying cases Hands-free devices AT&T also provides:

Data Voice Security Cloud solutions Outsourcing Managed and provided professional services Customer premises equipment for multinational corporations, small and mid-sized businesses, and governmental and wholesale customers Additionally, this segment provides residential customers with fiber broadband and legacy voice telephony services. It markets its communications services and products under:

AT&T Cricket AT&T PREPAID AT&T Fiber The company’s Latin America segment provides wireless services in Mexico and video services throughout the region. This segment markets its services and products under the AT&T and Unefon brands.

Exxon Mobil Exxon Mobil (NYSE: XOM) manages an industry-leading portfolio of resources and is one of the world’s largest integrated fuels, lubricants, and chemical companies. Despite the rise in oil prices, investors still have an excellent entry point to secure a strong 2.66% dividend yield. Exxon is the world’s largest international integrated oil and gas company, exploring for and producing crude oil and natural gas in North and South America, Europe, Africa, Asia, and elsewhere.

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The legacy energy behemoth was removed in August 2020 after a 92-year run to make room for Salesforce (NYSE: CRM). Despite its removal, Exxon continued to raise its dividend payout annually and has delivered strong total returns for investors.

Exxon also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as specialty products. Additionally, the company transports and sells crude oil, natural gas, and petroleum products.

Top Wall Street analysts expect the company to remain a key beneficiary in a higher oil price environment, and most remain optimistic about the company’s sharp positive inflection in capital allocation strategy. The upstream portfolio offers leverage to a further demand recovery, and Exxon offers greater Downstream/Chemicals exposure than its peers.

Exxon completed its purchase of oil shale giant Pioneer Natural Resources in 2024 in an all-stock transaction valued at $59.5 billion. The deal created the largest U.S. oilfield producer and guarantees a decade of low-cost production.

International Paper With a rich 5.09% dividend and a product that remains in demand, this top stock is still incredibly attractive. International Paper (NYSE: IP) provides sustainable packaging solutions. The company produces renewable fiber-based packaging products and operates manufacturing facilities in North America, Latin America, Europe, and North Africa. Kiplinger said the company was kicked out of the Dow in April 2004, and that the stock rebounded by approximately 25% and delivered a total return of over 100% when dividends are factored in.

Its segments include:

Packaging Solutions North America Packaging Solutions EMEA The company’s products and services include Packaging, Packaging Services, and Recycling. It provides corrugated packaging, solid fiber, corrugated sheets, retail displays, bulk packaging, and more.

International Paper also offers related services such as design and fulfillment to support these solutions. It provides a range of packaging and display services, from design and testing to fulfillment, including structural and graphic design, printing, testing, mechanical assembly, and packaging.

The company offers recycling solutions and services to manage fiber recovery programs for retailers, grocers, e-commerce companies, distribution centers, manufacturers, and its own box plants.

Pfizer Pfizer (NYSE: PFE) was established in 1849 in New York by two German entrepreneurs. This top pharmaceutical stock was a major winner in the COVID-19 vaccine race, but has declined significantly as booster uptake has slowed. However, Pfizer’s recovery story is gaining traction, with blockbuster non-COVID drugs delivering strong growth and a potential GLP-1 product launch on the horizon. It pays a dependable 6.93% dividend, which has increased annually for the past 15 years.

Booted in the August 2020 reshuffle to accommodate Amgen (NASDAQ: AMGN), Pfizer remains a staple for income investors seeking pharmaceutical exposure.

Pfizer discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products worldwide in various therapeutic areas, including:

Cardiovascular, metabolic, and women’s health under the Premarin family and Eliquis brands Biologics, small molecules, immunotherapies, and biosimilars under the Ibrance, Xtandi, Sutent, Inlyta, Retacrit, Lorbrena, and Braftovi brands Sterile injectable and anti-infective medicines and oral COVID-19 treatment under the Sulperazon, Medrol, Zavicefta, Zithromax, Vfend, Panzyga, and Paxlovid brands Pfizer also provides medicines and vaccines in other therapeutic areas, such as:

Pneumococcal disease, meningococcal disease, and tick-borne encephalitis COVID-19 under the Comirnaty/BNT162b2, Nimenrix, FSME/IMMUN-TicoVac, Trumenba, and the Prevnar family brands Biosimilars for chronic immune and inflammatory diseases under the Xeljanz, Enbrel, Inflectra, Eucrisa/Staquis, and Cibinqo brands Amyloidosis, hemophilia, and endocrine diseases under the Vyndaqel/Vyndamax, BeneFIX, and Genotropin brands Pfizer anticipates full-year 2026 revenues to be in the range of $59.5 billion to $62.5 billion. This outlook reflects an expected $1.5 billion decline in COVID-19 product sales (forecasted at approximately $5.0 billion for 2026, compared to $6.5 billion in 2025), alongside an additional $1.5 billion headwind from upcoming drug patent expirations.

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RTX (RTX - Free Report) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.56 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +13.86%. A quarter ago, it was expected that this an aerospace and defense company would post earnings of $1.52 per share when it actually produced earnings of $1.78, delivering a surprise of +17.11%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

RTX, which belongs to the Zacks Aerospace - Defense industry, posted revenues of $24.71 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 8.21%. This compares to year-ago revenues of $21.58 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

RTX shares have added about 6.3% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for RTX?While RTX has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for RTX was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.74 on $23.6 billion in revenues for the coming quarter and $6.92 on $93.95 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Intuitive Machines, Inc. (LUNR - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of +27.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Intuitive Machines, Inc.'s revenues are expected to be $219.31 million, up 335.9% from the year-ago quarter.

MDA Space Targets US Defense Market With $620M AcquisitionRTX NYSE: RTX raised its full-year outlook after reporting stronger second-quarter 2026 sales, profit and cash flow, citing broad demand across its commercial aerospace and defense businesses and continued progress on operational execution.

Chairman and Chief Executive Officer Chris Calio said the company delivered “another strong quarter of performance and financial results,” with adjusted sales of $24.7 billion, up 16% organically from a year earlier. Adjusted earnings per share rose 21% to $1.89, while adjusted segment operating profit increased 18% to $3.2 billion. Free cash flow totaled $2.9 billion.

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How to Invest in the Biggest European Defense Surge in DecadesThe company’s backlog reached a record $289 billion, up 22% year over year and 6% sequentially. Calio said demand remained “exceptional” across RTX’s products and services, with both defense and commercial aerospace contributing to order growth.

Defense Demand Drives Record Backlog Raytheon recorded nearly $20 billion of awards in the quarter, producing a book-to-bill ratio of 2.4. Calio said the awards included more than $5 billion of GEM-T Patriot effectors, driven by international customers and the first domestic GEM-T production order in more than 30 years. Raytheon also booked more than $4 billion of classified and confidential awards and $1.8 billion for AMRAAM.

RTX Is Set to Revolutionize Munitions ManufacturingNathan Ware, vice president of investor relations, said Raytheon’s quarterly sales rose 18% to $8.3 billion, driven by higher volume in land and air defense systems, naval programs and air and space defense systems, including Patriot, Standard Missile and AMRAAM. Adjusted operating profit increased $234 million to $1 billion, with margins expanding 100 basis points.

Raytheon ended the quarter with an $86 billion backlog, 48% of which was international, up four percentage points from a year earlier. Ware said other key awards in the quarter included $1.1 billion for AIM-9X and about $800 million for LTAMDS.

Calio said RTX is encouraged by bipartisan support for increased U.S. defense spending, pointing to a base budget request of $1.1 trillion for 2027 and increased funding for RTX priority programs including Tomahawk, LTAMDS and Standard Missile. He also said Raytheon booked more than $10 billion of international awards in the first half of the year, more than double the prior-year period, including more than $7 billion from European customers.

Commercial Aerospace Aftermarket Remains Strong On the commercial side, Calio said RTX received more than $20 billion of original equipment and aftermarket orders in the quarter. He highlighted AirAsia’s order for 150 Airbus A220 aircraft, which are exclusively powered by Pratt & Whitney GTF engines, and a five-year agreement under which Collins Aerospace will provide Air New Zealand with maintenance, repair and overhaul services for engine nacelles on its Boeing 787 fleet.

Calio said commercial aftermarket demand remains strong and passenger air travel is resilient. He said global revenue passenger kilometers are expected to grow this year in all regions outside the Middle East, while engine retirements have remained relatively low.

At Pratt & Whitney, sales rose 16% on an adjusted basis to $8.9 billion and 17% organically, supported by commercial aftermarket and military engine strength. Ware said commercial aftermarket sales rose 25% on higher MRO volume, while military engine sales increased 23%, driven by higher F135 volume. Commercial original equipment sales fell 8% as increased engine deliveries were more than offset by large commercial engine mix.

Calio said the GTF fleet management plan remains on track. PW1100 aircraft-on-ground levels were down sequentially and down 25% year to date, supported by MRO output that increased more than 40% year over year and a 23% reduction in turnaround time.

Collins, Pratt and Raytheon Outlooks Raised Chief Financial Officer Neil Mitchill said RTX now expects full-year adjusted sales of $95 billion to $96 billion, up from the prior range of $92.5 billion to $93.5 billion. The company now expects organic sales growth of 8% to 9%, compared with the previous range of 5% to 6%.

RTX also raised its adjusted EPS outlook to $7.10 to $7.25, up from $6.70 to $6.90. Free cash flow is now expected to range from $8.5 billion to $8.75 billion, compared with the prior range of $8.25 billion to $8.75 billion.

Mitchill said most of the sales increase is tied to stronger defense performance across the company, primarily at Raytheon, along with higher GTF aftermarket volume at Pratt & Whitney and commercial original equipment strength at Collins Aerospace.

Collins Aerospace: Second-quarter sales were $8.2 billion, up 13% organically. RTX now expects Collins sales to grow mid- to high-single digits on an adjusted basis, with operating profit growth of $550 million to $625 million versus 2025. Pratt & Whitney: RTX now expects Pratt sales to grow high-single digits on both an adjusted and organic basis, with operating profit growth of $275 million to $350 million versus 2025. Raytheon: RTX now expects Raytheon sales to grow high-single digits to low-double digits, with operating profit growth of $575 million to $650 million versus 2025. Company Highlights Investments and Portfolio Actions Calio said RTX continues to invest in capacity and technology across the business. Raytheon is investing an additional $100 million domestically to increase GEM-T component production and accelerate LTAMDS testing capabilities. Pratt & Whitney announced more than $100 million of U.S. investments to expand GTF MRO capacity in Texas, Florida and Arkansas. Collins completed a commercial MRO expansion in Malaysia during the quarter.

RTX also reported progress on technology programs. Collins was down-selected to deliver mission autonomy software for the U.S. Air Force’s collaborative combat aircraft program. Pratt received aircraft certification for the GTF Advantage engine and began deliveries to Airbus, with entry into service expected later this year and full production cutover in 2028. Raytheon is developing a longer-range variant of the StormBreaker effector using a modified Pratt TJ-150 engine, with an upcoming flight test planned.

Mitchill also said RTX entered into an agreement to sell Raytheon’s Blue Canyon Technologies business for $620 million as the company focuses on core capabilities.

In response to analyst questions, Calio said RTX’s capital allocation priorities remain consistent: investing in the business, maintaining its dividend commitment and reducing debt. He said the company does not see anything it “really need[s]” from a portfolio standpoint and believes its existing portfolio is “exceptionally strong.”

About RTX (NYSE:RTX)RTX NYSE: RTX is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX's operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Chainlink’s [LINK] exchange reserves dropped by more than 15.7 million LINK over the past month as investors continued withdrawing tokens from trading platforms. Another 1.04 million LINK left exchanges in a single day, marking one of the network’s largest daily outflow events during the period. 

Those movements reduced the amount of LINK immediately available for selling and strengthened the broader accumulation narrative. In addition, institutional developments supported sentiment across the ecosystem. 

Chainlink expanded its CCIP presence within the Canton Network, while DTCC processed production tokenized securities transactions involving major financial firms. Predictstreet also adopted Chainlink as its exclusive oracle infrastructure for the 2026 FIFA World Cup prediction market. 

Together, those developments reinforced the perception that investors were positioned for long-term utility instead of near-term distribution.

Why are whale-sized LINK trades increasing? Large market participants also became increasingly active as execution sizes continued expanding. 

At press time, the Spot Average Order Size indicator remained within the Big Whale Orders zone, showing that high-value transactions dominated trading activity. The trend suggested institutional participants and large holders executed sizeable orders instead of relying on smaller retail-sized trades. 

Bigger average order sizes often reflected stronger conviction because whales generally accumulated through fewer but larger transactions. However, that activity carried greater significance after exchange balances declined sharply throughout the month. 

The combination pointed toward sustained accumulation instead of short-term speculation. Although average order size alone could not confirm buying intentions, it aligned with the broader on-chain picture, where fewer LINK tokens remained on exchanges while larger participants continued accounting for a greater share of executed trades.

Source: CryptoQuant Can Chainlink reclaim its next resistance? At the time of writing, LINK traded around $8.71 after extending its recovery from the $7.18 support zone. 

Buyers reclaimed the $8.23 level and continued pushing toward the next resistance near $9.19, while the major barrier remained around $10.84. Meanwhile, the MACD maintained a bullish crossover as the MACD line stayed above the signal line as of writing. 

Green histogram bars also remained above the zero line, although they started shrinking slightly, indicating that bullish strength had eased without reversing. That structure suggested buyers still controlled the trend despite slower follow-through. If LINK holds above $8.23, buyers could challenge $9.19 again. 

However, losing that support would likely expose the asset to another test of the $7.18 demand zone before any broader recovery resume.

Source: TradingView Where could liquidations drive the next move? The Binance Liquidation Heatmap highlighted several areas where leveraged positions clustered around the current price. 

The upside liquidity sat between $8.70 and $8.90, with additional concentration extending toward the $9.00 region. If buyers maintain control, these levels could trigger cascading short liquidations. 

On the downside, another notable liquidity cluster formed around $8.40, while stronger liquidation pools rested near $8.20. These levels could draw price during any corrective move as leveraged long positions unwound. 

Since LINK traded close to upper liquidity bands, volatility would likely increase around those zones. A decisive move through nearby clusters could accelerate price action as forced liquidations amplify the prevailing direction.

Source: CoinGlass To sum up, Chainlink’s outlook remained constructive because exchange reserves continued falling while whale-sized transactions increased across the market. 

The bullish MACD structure also supported the recovery from early July lows. If buyers defend $8.23 and absorb nearby liquidity, LINK could challenge $9.19 next. 

Otherwise, failure to hold support would likely shift attention back toward the $7.18 demand zone before another recovery attempt emerged.

Final Summary Chainlink’s exchange supply continues to shrink as more LINK moves into long-term holding. Whale-sized trades have increased while LINK continues pushing toward the $9.19 resistance.

United Stables has adopted Chainlink as the official oracle and cross-chain infrastructure for its U stablecoin after the asset surpassed $1 billion in circulating supply and more than $2.5 billion in daily trading volume.

Summary

United Stables has adopted Chainlink as the official oracle and cross chain infrastructure for its U stablecoin after the asset surpassed $1 billion in supply. Chainlink Data Feeds and Proof of Reserve are now live, while CCIP will support future cross chain transfers of U. The integration builds on Chainlink’s expanding institutional presence as more stablecoin and DeFi projects adopt its interoperability and data services. According to an announcement from United Stables, the company has integrated Chainlink’s data and interoperability products to strengthen pricing, reserve verification, and future cross-chain transfers for U, its dollar-pegged stablecoin launched on BNB Chain and Ethereum in December 2025.

The rollout includes Chainlink Data Feeds and Proof of Reserve, both of which are now live. United Stables said it also plans to integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to support secure transfers of U between blockchain networks as the stablecoin expands across the multi-chain ecosystem.

We are thrilled to announce that, following an extensive security review, we have adopted @chainlink as our official data and cross-chain infrastructure powering the U stablecoin.

What’s New for U:

🔺 Data Feeds (Live): Delivering highly accurate pricing data across 20+… https://t.co/j6pm6MdLrf

— U (@UTechStables) July 20, 2026 The company said the decision followed a review of security standards across the industry after recent incidents exposed weaknesses in legacy oracle and bridge infrastructure. According to United Stables, fragmented liquidity, unverified pricing, and vulnerabilities in cross-chain transfers were among the issues it sought to address by adopting Chainlink’s infrastructure.

Data feeds, reserve verification go live Under the integration, Chainlink Data Feeds now provide decentralized pricing data that United Stables said supports more than 20 lending protocols. At the same time, Chainlink Proof of Reserve allows users and protocols to verify the collateral backing U through on-chain cryptographic checks.

United Stables launched U in December 2025 as a fully backed stablecoin designed for trading, payments, decentralized finance, institutional settlement, and AI-driven applications. At launch, the company said U was backed one-to-one by cash and audited stablecoins including USDC, USDT, and USD1, with reserves held in segregated accounts and verified through on-chain Proof of Reserve alongside quarterly independent audits.

Athena, chief executive officer of United Stables, said the Chainlink integration allows users, institutional partners, and decentralized finance protocols to access verified pricing data, independently confirm U’s collateral around the clock, and eventually transfer the stablecoin securely across multiple blockchain networks.

She added that the company views cryptographic verification as a core requirement for building trust as U expands beyond its initial deployments.

Johann Eid, chief business officer at Chainlink Labs, said the infrastructure would allow United Stables to extend U across decentralized finance while relying on Chainlink’s decentralized oracle and interoperability network. According to Eid, the platform is designed to support institutional-scale stablecoin activity across multiple blockchains.

CCIP planned for future multi-chain transfers Beyond the services already deployed, United Stables said it intends to adopt Chainlink CCIP to power cross-chain transfers of U. According to the company, the protocol is expected to reduce friction when liquidity moves between supported blockchain networks while providing an additional security layer for interoperability.

For United Stables, the announcement builds on the roadmap introduced when U launched late last year. Alongside decentralized finance integrations with platforms including PancakeSwap, ListaDAO, Aster, and Four.meme, the company said it plans to add confidential balances and AI-focused payment capabilities through technologies such as EIP-3009 and delegated transaction execution.

According to United Stables, combining its liquidity infrastructure with Chainlink’s oracle, reserve verification, and interoperability products is intended to provide transparent collateral verification, secure pricing data, and future cross-chain functionality as U continues expanding across BNB Chain, Ethereum, TRON, and other supported blockchain networks.

CCIP has become one of Chainlink’s main products for blockchain interoperability over the past year. Earlier this month, Aave expanded its use of the protocol by making CCIP the default cross-chain infrastructure across the Aave App and Stable Vaults. According to Aave, the same infrastructure now handles token transfers, vault rebalancing, governance execution, deposits, withdrawals, and yield optimization instead of relying on separate systems for different cross-chain functions.

Aave also said CCIP already powers transfers of its GHO stablecoin across supported networks through Chainlink’s Cross-Chain Token standard. Cross-chain governance proposals are also executed through the Aave Delivery Infrastructure, which uses CCIP to relay approved governance actions from Ethereum to other blockchain networks where Aave operates.

Security has remained a key part of CCIP’s design. According to Aave, every bridge lane is secured by at least 16 independent node operators distributed across different organizations and regions, while built-in rate limits restrict the amount of value that can move during abnormal conditions.

Chainlink continues institutional expansion The latest integration adds to Chainlink’s growing presence across both decentralized finance and institutional financial infrastructure.

In June, Chainlink joined Project Pangea, a bank-backed initiative focused on testing stablecoin-based foreign exchange settlement between Europe and South Korea. According to Chainlink, the project includes FairSquareLab, UniKA, and Qivalis, representing more than 50 banks with over $10 trillion in assets under management. The initiative uses Chainlink infrastructure alongside ISO 20022 messaging and existing SWIFT systems to test atomic payment-versus-payment settlement using compliant euro and South Korean won stablecoins.

Chainlink has also expanded into traditional market infrastructure. In January, BitMEX said it would use Chainlink Data Streams to provide pricing for its planned Equity Perpetuals, allowing the exchange to support perpetual contracts linked to stocks and exchange-traded funds using continuous market data from multiple sources.

LINK still struggles below $10, but analysts are quite optimistic about its future.

Two types of whale activity have rocketed on the Chainlink network, including a substantial LINK accumulation, which could point to a resurgence in the ecosystem and the native token’s price performance.

Chainlink continues to improve in terms of Real World Assets development, increasing to the second position in Santiment’s recent ranking.

LINK Whale Activity Blossoms Citing recent data from Santiment again, popular crypto analyst Ali Martinez noted that whale activity on Chainlink had “surged over the past two weeks.” The graph below demonstrates the impressive increase, which included more than 20 transactions for over $1 million earlier this week. According to Martinez, this signals “growing interest from large holders.”

Whale activity on the Chainlink $LINK network has surged over the past two weeks.

Today alone, more than 20 transactions worth over $1 million each were recorded, signaling growing interest from large holders. pic.twitter.com/iIvZ68joXx

— Ali Charts (@alicharts) July 22, 2026

Separately, the analyst said whales had gone on an accumulation spree, acquiring over 14 million LINK tokens within less than a month.

“Large-scale accumulation like this often reflects growing confidence from major holders and is worth keeping an eye on,” he concluded.

The data shows that their holdings have grown from under 170 million to roughly 182-3 million as of the start of the current business week.

Meanwhile, Santiment’s RWA development ranking placed LINK in second place, trailing only Hedera. The ranking compares how these chains performed compared to the previous month, showing a solid performance from Chainlink.

You may also like: LINK Whales Move Millions to Binance Before Key Banking News Over 535,000 LINK Holders Signal Quiet Chainlink Accumulation Amid Market Uncertainty $50-$100 LINK? Crypto Patel recently weighed in on LINK’s price performance, warning that 99% of people will ignore the setup before “it’s too late.” The analyst compared the current market behavior with the moves from six years ago when the token went on a wild ride that eventually brought it up to its all-time high of almost $53 (CoinGecko data).

He believes the fact that the spot LINK ETFs have not seen a single red month is extremely bullish, even though the net inflows have slowed since May. The cumulative total net inflows are well over $125 million, which, he noted, is proof that “smart money continues to accumulate,” but most retail investors “still believe LINK is dead.”

After outlining the current environment as the “biggest” opportunity since conviction is at its lowest, Patel brought up some massive price targets for LINK during the next bull cycle of somewhere between $50 and $100.

Tags:

Circle has signed separate memorandums of understanding with Kakao Group and South Korean fintech operator Toss to explore stablecoin payments, blockchain settlement and digital asset infrastructure in South Korea.

Summary

Circle signed agreements with Kakao Group and Toss to explore stablecoin payment infrastructure in Korea. Kakao plans to assess KRW stablecoins, remittances and merchant settlement using Circle’s blockchain payment technology. Toss will explore USDC-based services, digital wallets and programmable payments while regulations continue developing nationwide. The agreements bring Circle’s USDC and payment technology into discussions with some of Korea’s largest consumer finance platforms. Kakao, Kakao Pay and Kakao Bank will study opportunities around KRW-based digital assets, cross-border payments and tokenized financial services. Toss and Toss Bank will examine similar uses, including digital wallets, overseas payments and programmable onchain transactions.

Kakao Group said its agreement with Circle will combine the KakaoTalk-centered platform ecosystem with Kakao Pay’s payment services, Kakao Bank’s banking capabilities and Circle’s blockchain infrastructure. The companies plan to review payment, settlement and digital asset connectivity as South Korea develops rules for stablecoins and other tokenized financial products.

The initial work will focus on faster payment and settlement systems, according to local reporting. The companies will also assess cross-border remittances, merchant settlement and links between blockchain networks and existing financial systems. Kakao Group said the infrastructure could eventually support services from other Korean companies, although the MOU does not set a launch date or confirm a specific stablecoin issuance model.

Kakao Pay CEO Shin Won-keun, who leads the group’s stablecoin task force, said the companies would “preemptively prepare a Korean digital asset ecosystem with Circle.” Circle executives met Kakao representatives in Pangyo on July 22 before the partnership was announced.

Toss explores USDC and programmable payments Circle also signed a separate MOU with Viva Republica, the operator of Toss, and Toss Bank. The companies will study blockchain-based payments and stablecoin infrastructure, with potential uses covering digital wallets, cross-border settlement and financial services that use USDC.

Toss will review biometric payment tools, USDC-linked financial products and programmable onchain payments. Toss Bank will focus on connecting stablecoin infrastructure with traditional bank accounts and fiat payment networks. The parties also plan to examine compliance, risk management, security and anti-money laundering requirements as Korean rules develop.

The agreement builds on Toss’s broader interest in digital assets. As crypto.news previously reported, the fintech has explored a proprietary blockchain and a possible token while preparing for a Korean stablecoin market. Toss Bank has also been studying blockchain-based payment and settlement models.

Circle expands its South Korea strategy The new agreements follow months of outreach by Circle in South Korea. As crypto.news reported on July 13, the company planned its Current Seoul event to bring banks, exchanges, payment firms and super-app operators together for talks on digital asset regulation and payments. Kakao Pay CEO Shin Won-keun was among the scheduled speakers.

Circle CEO Jeremy Allaire also visited Seoul in April and met executives from Korean banks, exchanges and payment companies. He said Circle did not plan to issue its own won stablecoin. Instead, the company has positioned USDC and its infrastructure as possible links between future KRW-denominated tokens and global payment networks.

That approach is visible in the latest agreements. Circle is not announcing a KRW stablecoin with Kakao or Toss. The companies are studying how local won-based digital assets could work alongside USDC, blockchain settlement systems and existing financial infrastructure. 

Any commercial launch will depend on the final product design and regulatory approvals. Circle Chief Commercial Officer Kash Rajaghi said Korea has “a solid foundation for financial innovation.”

Korean firms prepare for stablecoin rules South Korean technology and financial groups have increased work on won-based stablecoins as policymakers prepare a broader legal framework. Kakao Bank has already explored stablecoin development, while Kakao Pay has been building a wider group strategy around KRW-linked digital assets.

Kakao Group said its Circle partnership could support a shared foundation for stablecoin services beyond its own platforms. The group is also reviewing tokenized financial services, which could use stablecoins as a settlement layer when assets move between blockchain networks and traditional financial systems.

Circle has taken a similar infrastructure-led approach elsewhere in Asia.The company recently partnered with Japan’s JCB to test USDC for corporate treasury transfers and merchant payments. The Korean agreements extend that regional strategy into platforms with large domestic payment and banking networks.

For now, both partnerships remain exploratory. Kakao Group, Toss and Circle have not announced a launch date for a KRW stablecoin or a live consumer payment product. Their agreements instead create a framework to test business models, technical connections and regulatory requirements as South Korea’s digital asset rules take shape.

TLDR: USDC expansion in South Korea now includes Kakao and Toss, giving Circle access to major wallet, banking, payment, and consumer platforms. Kakao will assess remittances, merchant settlement, digital asset links, and possible connections between KRW tokens and Circle infrastructure. Toss will study USDC wallets, programmable payments, biometric authentication, overseas transfers, and settlement links with traditional bank accounts. Both memorandums remain exploratory, with commercial services dependent on technical testing, compliance controls, product design, and regulatory approval. Circle has accelerated its USDC expansion in South Korea through separate agreements with Kakao Group and Toss. The memorandums, signed July 23, focus on blockchain payment infrastructure and regulated stablecoin services. Kakao will assess payments, merchant settlement, remittances, and digital asset links across its major platforms. Toss will study USDC wallets, programmable payments, biometric tools, and connections to bank accounts. 

Both deals remain exploratory and set no launch date. Still, they place Circle beside two consumer finance networks with nationwide reach. The move also extends Circle’s broader outreach to Korean banks, exchanges, payment companies, digital asset platforms, and merchants.

Circle 🤝 Kakao Group

Circle and Kakao Group have signed an MOU to explore blockchain-based payment infrastructure and digital asset technologies in Korea.

Together, we’ll assess opportunities for USDC and Circle’s global payment rails across payments, settlement, and digital… pic.twitter.com/MmZRd19iIH

— Circle (@circle) July 23, 2026

USDC Expansion in South Korea Reaches Kakao Ecosystem Kakao Group will combine Circle’s blockchain infrastructure with services operated by Kakao, Kakao Pay, and KakaoBank. The companies will review payment rails, settlement tools, cross-border transfers, and links between digital assets and traditional finance.

Kakao Pay has more than 40 million registered users, according to local reporting. That scale gives the partnership access to one of South Korea’s largest digital wallet networks. KakaoTalk also anchors the group’s wider consumer ecosystem, while KakaoBank provides regulated banking capabilities.

The agreement may support merchant settlement and remittance services using stablecoin payments. It could also connect future won-denominated digital assets with USDC and global blockchain settlement systems. Circle has said it does not plan to issue its own Korean won stablecoin.

Instead, Circle is positioning USDC as a bridge for international transfers and tokenized financial services. This approach allows local firms to develop KRW products while using Circle’s infrastructure for global liquidity and settlement.

The USDC expansion in South Korea also fits Kakao’s existing blockchain work. Kakao previously launched Klaytn, which later merged into the Kaia network. Yet the new memorandum does not confirm that Kaia will support any planned service.

No commercial product, issuance structure, or rollout schedule has been announced. Kakao and Circle will first assess technical requirements, business models, security standards, and regulatory conditions.

Kakao and Toss Map Stablecoin Payments Across Finance Toss and Toss Bank will examine a broader set of consumer and banking services. Their work covers USDC wallets, programmable payments, biometric authentication, overseas transfers, and bank-linked settlement.

Programmable payments can execute transactions after predefined conditions are met. Toss may test these functions for consumer services, while Toss Bank studies connections with conventional accounts and fiat networks.

The partnership gives the USDC expansion in South Korea another route into a major digital finance platform. Toss operates payment, banking, investment, and insurance services through a widely used mobile application.

Circle’s discussions with Toss also include compliance, anti-money laundering controls, risk management, and cybersecurity. Those areas remain central as South Korean policymakers develop stablecoin and digital asset rules.

Circle has expanded its Korean outreach during 2026. It signed agreements with Upbit and Bithumb in April to support USDC adoption and related technology work. The two exchanges account for most daily cryptocurrency trading volume in the country.

The USDC expansion in South Korea therefore spans exchanges, wallets, banks, and payment applications. Circle is building technical relationships before regulators finalize rules for won-based tokens and blockchain settlement.

Circle reported a USDC supply of $74.4 billion on July 23. The Kakao and Toss memorandums do not guarantee live services. Any launch will depend on product design and regulatory approval.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Ring Protocol integrates Orbs-powered dLIMIT and dTWAP orders across Base, Ethereum, Arbitrum, and BNB Chain.

Summary

Ring Protocol adds decentralized limit and TWAP orders across four major EVM-compatible blockchain networks on-chain. Orbs’ Layer 3 infrastructure powers advanced execution while users retain self-custody of their assets on-chain. dLIMIT controls execution prices, while dTWAP divides large trades to reduce market pressure over time. Ring Protocol, a multi-chain decentralized exchange has integrated Orbs-powered dLIMIT and dTWAP. The update brings decentralized limit and time-weighted average price orders to users across Base, Arbitrum, Ethereum, and BNB Chain. The integration uses Orbs’ Layer 3 infrastructure to give traders more control over execution while keeping assets in self-custody and adding no extra cost for the advanced order features.

Advanced orders reach Ring Protocol users The dLIMIT protocol lets traders set a target price for a buy or sell order. The trade executes only when the specified price is reached or improved. This structure gives users more control over when a transaction occurs and removes the need to rely on a centralized intermediary for the order.

The dTWAP protocol supports a different execution method. It divides a large trade into smaller transactions and executes them over a period chosen by the user. The approach can reduce the market effect of a large order and improve execution efficiency when trading through on-chain liquidity. Both tools operate directly on-chain through Orbs’ decentralized infrastructure.

Orbs layer 3 extends DEX trading functions Orbs built dLIMIT and dTWAP as permissionless and composable protocols that extend existing decentralized exchanges without requiring changes to their underlying infrastructure. Its Layer 3 blockchain uses a Proof-of-Stake validator network to handle complex trading logic that goes beyond the functions available through native smart contracts.

“Advanced trading tools should be available to every DeFi user, not just professional traders,” said Ran Hammer, Chief Business Officer at Orbs. He said the Ring Protocol integration expands access to more precise and flexible on-chain execution. Hammer also said wider adoption of Orbs-powered protocols is intended to raise the standard for decentralized trading infrastructure.

Ring Protocol builds on few protocol architecture Ring Protocol is built around Few Protocol, also called Financial Elastic Wrapping. The asset layer wraps tokens before they interact with automated market makers. According to the project description, the design supports virtual liquidity and additional trading functions beyond conventional decentralized exchange structures. Ring Protocol also uses its native Ring Swap automated market maker and integrations with leading DEX aggregators.

The protocol has facilitated more than $5 billion in cumulative trading volume and currently secures more than $30 million in total value locked. Ring Protocol’s own documentation describes Few Protocol as its asset layer and Ring Swap as its native AMM and routing system, providing further detail on the platform’s core structure.

Integration expands Orbs-powered DeFi infrastructure The Ring Protocol integration adds another trading venue to the list of decentralized exchanges using Orbs-powered order tools. PancakeSwap, SushiSwap, and QuickSwap among the exchanges that have already adopted dLIMIT and dTWAP. The broader rollout has made the protocols widely deployed tools for advanced on-chain trading across the DeFi sector.

For Ring Protocol users, the integration adds decentralized limit orders and TWAP orders without giving up self-custody. It also gives both retail and professional participants access to more flexible execution strategies across four EVM networks. The update strengthens Ring Protocol’s trading infrastructure while continuing Orbs’ expansion of decentralized execution technology across existing exchange platforms. It also broadens the range of execution choices available within decentralized markets. The tools remain available while users retain direct control of assets.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.

Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.

ServiceNow (NOW) raised its full-year subscription revenue forecast after another strong quarter, as rapid adoption of its AI products helped the software compa

ServiceNow Inc (NYSE:NOW, XETRA:4S0) forecast third-quarter results above Wall Street expectations and posted second-quarter earnings that beat analyst estimates.

The company reported second-quarter subscription revenue of $3.88 billion, up 24.5% from a year earlier, while total revenue reached $3.99 billion, ahead of analyst estimates of $3.92 billion.

Adjusted earnings per share came in at $0.90, topping estimates of $0.86.

Current remaining performance obligations (cRPO), a closely watched bookings metric, rose 21% year-over-year to $13.20 billion, above estimates of roughly $13.03 billion.

For the third quarter, ServiceNow guided subscription revenue of $3.975 billion to $3.98 billion and cRPO growth of 19.5% year-over-year, ahead of analyst estimates of 18% to 19% growth.

The company raised its full-year subscription revenue guidance to a range of $15.76 billion to $15.78 billion, representing growth of 22.5% year-over-year. It maintained its outlook for subscription gross margin of 81%, operating margin of 31.5% and free cash flow margin of 35%.

ServiceNow said its artificial intelligence business surpassed $1 billion in annual contract value during the quarter, as the company continues to expand its AI product offerings.

The company also reported 658 customers with more than $5 million in annual contract value, up 23% from a year earlier, and 123 transactions exceeding $1 million in annual contract value, up about 40%.

Adjusted operating margin was 29.5%, above estimates of 26.5% and flat year-over-year. Free cash flow totaled $634 million, a 16% margin, below estimates of $679 million.

Shares fluctuated around the flatline on Thursday, adding a modest 0.5% to its opening levels.

Lockheed Martin's stock jumps as a ramp up in missile production helped lead to an earnings beat and raise.

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today announced updates to its Model Year 2027 North American on-highway product launch plans following its review of the U.S. Environmental Protection Agency's recently proposed changes to upcoming emissions regulations. Based on the proposed rule, Cummins intends to use the implementation flexibilities outlined by EPA to support a measured transition to its new HELM™ engine platforms. The approach is designed to maintain regulatory com.

Coinbase's rising take rate reflects new derivatives and prediction-market revenue, while record loan balances and tokenization deployments point to growing institutional platform adoption. AI adoption is raising engineering output while sharply reducing AI costs, supporting a leaner expense base and $500M of cost savings. A CLARITY Act passage before Congress's August recess could reduce regulatory uncertainty and accelerate institutional crypto activity on Coinbase's platform.

Posted by Defense World Staff on Jul 23rd, 2026

Baader Bank Aktiengesellschaft decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 76.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,250 shares of the network technology company’s stock after selling 7,206 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Palo Alto Networks were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PANW. Norges Bank acquired a new position in Palo Alto Networks during the fourth quarter worth $1,415,364,000. Vanguard Group Inc. lifted its stake in Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Palo Alto Networks by 1,665.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock valued at $442,788,000 after acquiring an additional 2,605,433 shares during the last quarter. Bank of America Corp DE grew its position in shares of Palo Alto Networks by 11.9% in the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock valued at $3,568,964,000 after acquiring an additional 2,065,776 shares during the period. Finally, Employees Provident Fund Board bought a new position in shares of Palo Alto Networks in the 4th quarter valued at about $281,542,000. Institutional investors own 79.82% of the company’s stock.

Trending Headlines about Palo Alto Networks Here are the key news stories impacting Palo Alto Networks this week:

Positive Sentiment: Analysts and commentators continue to highlight Palo Alto Networks as a key beneficiary of rising AI-driven cybersecurity spending, with Morgan Stanley saying sentiment on software stocks may be too negative and Barron’s arguing PANW could be a major winner in the new AI era. Article: Morgan Stanley Analysts Say Sentiment Has Gotten ‘Too Negative’ on Software Stocks. These Are Their Picks Positive Sentiment: Market watchers are also pointing to broader enterprise demand for cybersecurity as AI agents proliferate, which could support future security product spending and reinforce PANW’s growth narrative. Article: Citi Wealth CIO Warns “Infinite AI Agents” Will Accelerate Cybersecurity’s Share of Enterprise Spending Positive Sentiment: Palo Alto Networks announced it will acquire Embrace to extend its observability platform with Real User Monitoring and Synthetics, a move aimed at improving digital experience monitoring and AI-driven operations. Investors may see this as an expansion into a higher-value adjacent market. Article: Palo Alto Networks to Extend Leading Observability Platform with Innovative Digital Experience Monitoring Neutral Sentiment: Another brief note flagged PANW as a cybersecurity stock to follow, but did not add any new catalyst beyond the broader sector interest. Article: Cybersecurity Stocks To Follow Now – July 20th Negative Sentiment: Despite the upbeat long-term themes, one article noted PANW had slipped intraday, suggesting some investors are still taking profits or reacting to overall software sector weakness. Article: Palo Alto slips 3%: Why this analyst still sees it as a top cyber pick Palo Alto Networks Price Performance Palo Alto Networks stock opened at $335.28 on Thursday. The firm has a market cap of $273.25 billion, a PE ratio of 274.82, a price-to-earnings-growth ratio of 12.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s fifty day moving average price is $297.43 and its two-hundred day moving average price is $215.80. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $368.80.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company’s revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. As a group, research analysts expect that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total transaction of $242,795.00. Following the sale, the director directly owned 5,898 shares in the company, valued at $2,045,721.30. This represents a 10.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Josh D. Paul sold 900 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total transaction of $310,500.00. Following the completion of the transaction, the chief accounting officer directly owned 79,644 shares in the company, valued at approximately $27,477,180. This represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,239 shares of company stock valued at $27,174,360 over the last three months. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In A number of brokerages have recently issued reports on PANW. Robert W. Baird set a $320.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Evercore reiterated an “outperform” rating and set a $415.00 price target on shares of Palo Alto Networks in a report on Wednesday, July 8th. DA Davidson boosted their price target on Palo Alto Networks from $190.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings lowered Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Finally, Wells Fargo & Company raised their price objective on Palo Alto Networks from $325.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $331.48.

Check Out Our Latest Stock Analysis on Palo Alto Networks

Palo Alto Networks Profile (Free Report)

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

See Also Five stocks we like better than Palo Alto Networks Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Posted by Defense World Staff on Jul 23rd, 2026

B&D White Capital Company LLC bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,200 shares of the network technology company’s stock, valued at approximately $353,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PANW. Darwin Wealth Management LLC acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at approximately $25,000. Steph & Co. increased its stake in shares of Palo Alto Networks by 88.2% in the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after buying an additional 67 shares during the last quarter. Knuff & Co LLC bought a new stake in shares of Palo Alto Networks in the fourth quarter worth $26,000. Sittner & Nelson LLC raised its holdings in Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC raised its holdings in Palo Alto Networks by 196.2% in the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 102 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Palo Alto Networks Here are the key news stories impacting Palo Alto Networks this week:

Positive Sentiment: Analysts and commentators continue to highlight Palo Alto Networks as a key beneficiary of rising AI-driven cybersecurity spending, with Morgan Stanley saying sentiment on software stocks may be too negative and Barron’s arguing PANW could be a major winner in the new AI era. Article: Morgan Stanley Analysts Say Sentiment Has Gotten ‘Too Negative’ on Software Stocks. These Are Their Picks Positive Sentiment: Market watchers are also pointing to broader enterprise demand for cybersecurity as AI agents proliferate, which could support future security product spending and reinforce PANW’s growth narrative. Article: Citi Wealth CIO Warns “Infinite AI Agents” Will Accelerate Cybersecurity’s Share of Enterprise Spending Positive Sentiment: Palo Alto Networks announced it will acquire Embrace to extend its observability platform with Real User Monitoring and Synthetics, a move aimed at improving digital experience monitoring and AI-driven operations. Investors may see this as an expansion into a higher-value adjacent market. Article: Palo Alto Networks to Extend Leading Observability Platform with Innovative Digital Experience Monitoring Neutral Sentiment: Another brief note flagged PANW as a cybersecurity stock to follow, but did not add any new catalyst beyond the broader sector interest. Article: Cybersecurity Stocks To Follow Now – July 20th Negative Sentiment: Despite the upbeat long-term themes, one article noted PANW had slipped intraday, suggesting some investors are still taking profits or reacting to overall software sector weakness. Article: Palo Alto slips 3%: Why this analyst still sees it as a top cyber pick Wall Street Analyst Weigh In Several research analysts have weighed in on PANW shares. Stephens raised their price objective on shares of Palo Alto Networks from $180.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. BTIG Research increased their price target on shares of Palo Alto Networks from $333.00 to $380.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. BNP Paribas Exane lifted their price target on Palo Alto Networks from $330.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Jefferies Financial Group set a $335.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Oppenheimer upped their price objective on Palo Alto Networks from $275.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus price target of $331.48.

Get Our Latest Research Report on PANW

Palo Alto Networks Trading Down 2.0% NASDAQ PANW opened at $335.28 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $368.80. The company has a 50-day simple moving average of $297.43 and a 200-day simple moving average of $215.80. The firm has a market capitalization of $273.25 billion, a PE ratio of 274.82, a price-to-earnings-growth ratio of 12.70 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the business earned $0.37 earnings per share. Palo Alto Networks’s quarterly revenue was up 31.1% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Insider Activity In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director directly owned 12,500 shares in the company, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $285.08, for a total transaction of $313,588.00. Following the transaction, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 101,239 shares of company stock worth $27,174,360 over the last 90 days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Company Profile (Free Report)

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

Read More Five stocks we like better than Palo Alto Networks Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report).

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NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the common stock of Roblox Corporation (“Roblox” or the “Company”) (NYSE: RBLX) between October 31, 2024 and April 30, 2026, inclusive.

Should You Join The Roblox Corporation Class Action Lawsuit:

Do you, or did you, own shares of Roblox Corporation (NYSE: RBLX)?Did you purchase your shares between October 31, 2024 and April 30, 2026, inclusive?Did you lose money in your investment in Roblox Corporation?
What To Do Next:

Investors are encouraged to act promptly and submit a form at Roblox Corporation Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].

If you wish to serve as lead plaintiff for the Class, you must file papers by August 7, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About The Lawsuit:

The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Roblox common stock traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.

About Bernstein Liebhard:

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.

ATTORNEY ADVERTISING. © 2026 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
[email protected]

Annaly Capital Management is rated a Strong Buy for its 13.38% dividend yield and significant capital appreciation potential by 2030. NLY's diversified REIT model, resilient through multiple economic cycles, benefits from agency MBS, MSR, and residential credit strategies with yields up to 16%. I expect falling interest rates to expand NLY's net interest margin, driving both dividend growth and share price appreciation toward a $40 target by 2030.

23.7.2026 15:52, BAACSG

Společnost CSG oznámila, že v souvislosti se vstupem na burzu (IPO) a zvýšením svého úvěrového ratingu zajistila refinancování části seniorních úvěrů formou nového syndikovaného úvěru v objemu až 3,062 mld. EUR.

Nová dluhová struktura podle společnosti omezuje riziko koncentrace refinancování v roce 2029 a prodlužuje splatnost seniorního dluhu až na šest let. Díky novému a navýšenému revolvingovému úvěrovému rámci společnost zároveň získává výrazně vyšší flexibilitu při financování provozního kapitálu.

Transakce zaznamenala na trhu silnou poptávku a společnosti přináší snížení úrokových nákladů o 125 až 150 bazických bodů oproti předchozím syndikovaným úvěrům.

Objem čerpaných prostředků z nové úvěrové struktury zůstane při dokončení transakce na stejné úrovni jako u původní struktury, tedy na hodnotě přibližně 1,7 mld. EUR. Společnost zároveň potvrdila svůj výhled zadlužení pro fiskální rok 2026, ve kterém počítá s poměrem čistého dluhu k zisku EBITDA pod úrovní 1,3×.

Nová dluhová struktura Plně komitovaný syndikovaný úvěr v celkové výši až 3,062 mld. EUR (2,867 mld. EUR a 225 mil. USD), který zahrnuje:

TLB ve výši 717 mil. EUR, se splatností 22. listopadu 2029, jednorázově splatný při konečné splatnosti (bullet). TLC ve výši 850 mil. EUR, se splatností 6 let od data uzavření transakce, jednorázově splatný při konečné splatnosti (bullet). Revolvingovou úvěrovou linku (Revolving Credit Facility) se dvěma tranšemi (až 1,3 mld. EUR a až 225 mil. USD) se splatností 3 roky od data uzavření transakce s možností prodloužení. Předchozí dluhová struktura Dva syndikované seniorní úvěry (až 1,545 mld. EUR a až 600 mil. EUR), oba se splatností 22. listopadu 2029, s celkovým čerpáním přibližně 1,7 mld. EUR. Akcie CSG Akcie CSG (BAACSG) dnes na pražské burze klesají o 0,05 % na 392,8 Kč, na RM-SYSTÉMu pak posilují o 1 % na 393 Kč.

Zdroj: CSG

Michal Šnobl
Fio banka, a.s.
Prohlášení

Freeport-McMoRan Inc (FCX) released its 8-K filing on July 23, 2026, detailing its financial performance for the second quarter of 2026. The company, a powerhou

The Celestia Stage became into more than simply a performance venue over the course of three days. The similar ideals that brought KuCoin and Tomorrowland together—curiosity, trust, and real human connection—were reflected in the fact that it became a location where music, culture, and community came together. The first weekend of Tomorrowland Belgium 2026 has come to a conclusion, marking the successful launch of the Celestia Stage by KuCoin and the beginning of a new chapter in KuCoin’s multi-year cooperation with one of the most renowned music festivals in the world. These events took place in Belgium.

The Celestia Stage became into more than simply a performance venue over the course of three days, during which it welcomed lovers of electronic music from all over the globe that will be remembered forever. The similar ideals that brought KuCoin and Tomorrowland together—curiosity, trust, and real human connection—were reflected in the fact that it became a location where music, culture, and community came together.

Over the course of the first weekend of the festival, a multitude of internationally renowned artists, such as Yves V, Dimitri Vangelis & Wyman, Diego Miranda, DJ Nano, Nico Morano, Xinobi, Öona Dahl, and Helsloot, amongst others, presented an energizing lineup that encompassed progressive house, melodic techno, and underground electronic music. This lineup created unforgettable moments for festivalgoers from all over the world.

KuCoin invited guests to experience Tomorrowland in new ways through a series of immersive community activations, which were held in addition to the performances offered by the company. People who attended the festival had the opportunity to interact with the KuCoin Guardians who were wandering about, join the exclusive waitlist for the Tomorrowland Visa KuCard (which was powered by KuCoin EU), and take part in premium experiences that were meant to promote exploration, connection, and discovery. These moments represented a common idea that the most significant experiences are not only those that we are able to see, but also those that we tend to retain with us for a considerable amount of time after the music has stopped playing.

KuCoin continues to extend the role of digital assets outside the realm of financial technology by linking Web3 with worldwide culture, entertainment, and daily experiences. KuCoin is the exclusive cryptocurrency exchange and payments partner for Tomorrowland Winter and Tomorrowland Belgium 2026–2028. KuCoin’s long-term ambition is to make cryptocurrency more accessible via real-world participation and shared experiences. The premiere of the Celestia Stage is another milestone in this vision.

KuCoin is looking forward to Tomorrowland Belgium Weekend 2, which will feature an even more interactive experience, community activations, and exclusive surprises for festivalgoers from all over the world. This comes after an incredible opening weekend, during which the Celestia Stage will once again present a fresh lineup of world-class artists.

This weekend marks the beginning of the next chapter in the adventure, which now continues.

KuCoin is a prominent worldwide cryptocurrency platform that was established in 2017, and it is founded on trust and security. It now serves over 40 million users in more than 200 countries and regions internationally. This platform is well-known for its dependability and user-first attitude, and it combines cutting-edge technology, extensive liquidity, and robust security precautions in order to provide a trading experience that is completely frictionless. For the future of finance, KuCoin is committed to building a digital asset infrastructure that is transparent, compliant, and user-centric. This commitment is supported by certifications such as SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019. KuCoin offers access to more than 1,500 digital assets through a comprehensive product suite. In recent years, we have constructed a solid basis for worldwide compliance, which has been highlighted by significant milestones such as the registration of AUSTRAC in Australia, the acquisition of a MiCA license in Europe, and the advancement of regulatory progress in other regions.

Discover more by visiting www.kucoin.com.

KuCoin is a major global cryptocurrency platform that was established in 2017, and it is trusted by more than 40 million users across more than 200 nations and regions. In addition to providing access to more than one thousand listed tokens, spot and futures trading, institutional wealth management, and a Web3 wallet, the platform provides digital asset services that are on the cutting edge of innovation and compliance. In the European Economic Area (EEA), KuCoin does not provide any services available to its customers. In the European Economic Area (EEA), KuCoin EU is managed by KuCoin EU Exchange GmbH, which has its headquarters in Vienna. KuCoin EU operates in accordance with the regulatory framework that is applicable in the EU, including MiCAR requirements concerning investor protection, market integrity, and transparency. KuCoin EU is neither the operator of a platform for trading crypto-assets, nor does it provide investing advice to its customers.

The Belgian brothers Manu and Michiel Beers established Tomorrowland twenty years ago, and the company continues to be a family-owned enterprise that is driven by a team of creative and enthusiastic individuals. The Tomorrowland brand has developed into a global entertainment brand over the course of its history.

A number of different business units make up the WEAREONE.world group. These business units include Festival & Events, Music, Experiences, Leisure, Products, and Fiction. There are now around 350 members of the team that are responsible for creating magic from the headquarters of the firm, which is located in Antwerp, Belgium, as well as local offices in Brazil, France, Ibiza, and Thailand.

In addition to being one of the most well-known and influential festival brands in the world, Tomorrowland is renowned for its ability to bring people together through the mediums of music, art, and narrative. It has inspired millions of people by providing them with remarkable experiences and a shared vision of connection.

Issued on behalf of MindWalk Holdings Corp. (Nasdaq: HYFT)

USA News Group News Commentary

, /PRNewswire/ -- For years, the promise of artificial intelligence in drug discovery has been easy to describe and hard to monetize. Plenty of companies can talk about accelerating the search for new medicines; far fewer can point to real revenue, real clients, and a business model that compounds. One small-cap AI biotech just put a set of numbers behind its version of that story, and they show a company whose pivot is starting to appear in its financials rather than only in its slide decks.

The company reported full-year results that pair a sharp revenue increase with a dramatically narrower loss, and, for the first time, contracted recurring platform revenue. Taken together, the report is the clearest evidence yet of the shift it has been promising: from one-off project work toward a durable, recurring software business.

Key Takeaways

MindWalk Holdings Corp. (NASDAQ: HYFT) reported fiscal 2026 revenue up 46% to C$15.6 million, with gross margin expanding to roughly 59% and the net loss for the year narrowing by more than half.

The company signed its first two contracted, recurring enterprise LensAI™ agreements during the year, the first recurring platform revenue in its history, and regained Nasdaq listing compliance without a reverse split or dilutive financing.

The broader AI-platform and computational-biology field includes Schrödinger (NASDAQ: SDGR), AbCellera Biologics (NASDAQ: ABCL), Relay Therapeutics (NASDAQ: RLAY), and Certara (NASDAQ: CERT), each pursuing its own model for turning software and data into durable revenue.

The Numbers Behind the Pivot 

MindWalk Holdings Corp. (Nasdaq: HYFT), a Bio-Native AI company focused on drug discovery, reported financial results for the fiscal year ended April 30, 2026. Revenue rose 46% year over year to C$15.6 million, up from C$10.6 million a year earlier, while gross profit grew about 60% to C$9.1 million and gross margin expanded to 58.8% from 53.9%. The company reported these as preliminary results ahead of the filing of its Annual Report on Form 20-F, and all figures are in Canadian dollars.

Just as striking as the top line was the bottom line. Total operating expenses fell about 44% to C$24.1 million from C$42.6 million, a decline the company attributed primarily to the non-recurrence of roughly C$22.7 million of prior-year non-cash amortization and impairment of intangible assets and goodwill. Net loss from continuing operations narrowed to C$15.1 million from C$33.1 million, and net loss for the year narrowed to C$13.9 million from C$30.2 million, an improvement of more than half. Loss per share from continuing operations improved to C$0.33 from C$0.99. The company ended the year with C$11.5 million in cash and restricted cash.

In the fourth quarter, revenue rose 50% to C$4.1 million from C$2.7 million a year earlier, with gross margin of roughly 60.6%, capping four consecutive quarters of year-over-year revenue growth. The pattern is the story the company wants investors to see: growth that is not only accelerating but improving in quality as higher-margin platform work enters the mix.

From Project Work to Recurring Revenue

The single most important disclosure for the investment thesis was not a headline financial figure but a structural one. During the fiscal year, MindWalk signed its first two contracted, recurring enterprise LensAI agreements, one in the second half and one in the fourth quarter, which it described as the first recurring platform revenue in the company's history. That is the shift the company has been arguing it could make: away from one-time, fee-for-service engagements and toward the kind of durable, contracted revenue the market tends to value more highly.

"We are not an AI company that discovered biology. We are a biology company that built AI on top of more than 40 years of biology heritage, and fiscal 2026 is the year the market began to see it in our results," said Dr. Jennifer Bath, President and Chief Executive Officer of MindWalk. "Revenue grew 46%, margins expanded, and we simplified the business around the layer where enterprise AI value accrues. HYFT Technology powers ReefIQ, the biological context layer for life sciences, and LensAI is in contracted, recurring arrangements with life sciences customers today. Value compounds in that layer, not in any individual model that runs on top of it."

The company also cleaned up its structure during the year. It completed its transformation into MindWalk Holdings Corp. from ImmunoPrecise Antibodies Ltd. in September 2025, and divested its Netherlands subsidiary, ImmunoPrecise Antibodies (Europe) B.V., to AVS Bio, a portfolio company of Arlington Capital Partners, in a transaction that generated proceeds on disposal of approximately C$14.3 million and was supported by a 12-month transition services agreement. Management framed the divestiture as sharpening focus on the core business and strengthening the balance sheet, and separately noted it had regained Nasdaq listing compliance organically, without a reverse split or dilutive financing.

The Platform Underneath the Story

MindWalk positions itself as a Bio-Native AI company, meaning it aims to reason over biology itself rather than over language the way general-purpose AI models do. Its technology is built in layers. HYFT® Technology provides a representation foundation, a function-aware map of biology built over 20 years of curation and spanning 660 million biological patterns connected by 25 billion relationships. ReefIQ™, launched commercially in June 2026 and built on that foundation, is the biological context layer that organizes and governs a client's data. LensAI is the reasoning layer that applies analytical workflows on top. In the company's framing, the durable, compounding asset is the context layer rather than any individual model that runs on it, because every program a customer runs enriches the layer for the next one.

The company pointed to several recent milestones beyond the financials: the June 2026 commercial launch of ReefIQ, the filing of a European patent application in June 2026 covering the high-dimensional biological data structure underpinning HYFT Technology, and inclusion in the Russell 3000E and Russell Microcap Indexes effective after the U.S. market close on June 26, 2026, which broadens institutional visibility. MindWalk also noted that its discovery platform has contributed to more than 20 molecules reaching the clinic, supported by over 400 peer-reviewed publications and issued patents, though it characterized those as client-owned assets rather than its own pipeline.

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How MindWalk Sits Against the Field

MindWalk's recurring-revenue argument is easier to judge against peers that have already tried to turn software, data, or discovery platforms into durable revenue. Four public companies, at very different stages, illustrate the range of models in play.

Schrödinger (Nasdaq: SDGR)

Schrödinger is the clearest analogue to the model MindWalk is pursuing. It sells physics-based simulation software to pharmaceutical and biotech researchers as recurring, subscription-style revenue, while also building its own pipeline that can generate milestones and royalties. In other words, software revenue today, drug economics tomorrow. Schrödinger has one of the largest installed bases in computational chemistry and has guided to double-digit growth in annual contract value, and it is one of the few names in the space that has approached profitability. For MindWalk, Schrödinger is both a template and a benchmark: it shows that the recurring-software-plus-pipeline model can work, and it sets the bar for what that model looks like at scale.

AbCellera Biologics (Nasdaq: ABCL)

AbCellera Biologics runs an AI and machine-learning antibody-discovery platform, partnering with large pharmaceutical companies that bring targets while AbCellera runs the discovery and earns downstream as programs advance, alongside a growing proprietary pipeline. Its reported revenue grew sharply year over year in early 2026, and it holds a large liquidity position to fund its own programs. The parallel to MindWalk is direct on the science side, since MindWalk's own roots include B-cell and nanobody antibody work, and on the business side both are trying to balance partner-driven revenue with owned pipeline value. AbCellera's dual model, royalty-style partner economics plus proprietary assets, is a useful reference for how investors value that blend.

Relay Therapeutics (Nasdaq: RLAY)

Relay Therapeutics represents the platform-into-pipeline path taken further toward the clinic. Its Dynamo platform combines machine learning with physics-based simulation to target the motion of proteins, and the company has advanced its lead oncology candidate into late-stage development, earning an FDA Breakthrough Therapy designation along the way. Relay is a reminder that computational-discovery platforms are increasingly judged by clinical results, not just software metrics, and that raising capital to fund those trials, as Relay did in 2026, is part of the model. For MindWalk investors, Relay illustrates both the upside of a platform that produces a clinical asset and the capital intensity that comes with it.

Certara (Nasdaq: CERT)

Certara is the established, profitable end of the spectrum. It sells biosimulation and model-informed drug-development software and services to the pharmaceutical industry, generating recurring software revenue with healthy margins, and it has been reshaping its portfolio to focus on its core simulation platforms. Certara shows what a mature, recurring-revenue software business in drug development looks like once it has scaled, which is precisely the destination MindWalk is arguing it can grow toward. The contrast in size is large, but the business logic, durable software revenue anchored to the drug-development workflow, is the same one MindWalk is making to investors.

What to Watch From Here 

The fiscal 2026 report gives the recurring-revenue thesis its first real evidence: accelerating growth, expanding margins, a sharply narrower loss, and, most importantly, the first contracted recurring platform agreements. The near-term question is whether MindWalk can convert those first two LensAI contracts into a repeatable pattern, signing additional enterprise agreements that build a genuine recurring-revenue base rather than remaining one-off wins. Investors will also be watching the commercial traction of ReefIQ following its June launch, the pace of margin expansion, and any updates on the discovery programs the company has referenced.

None of this removes the risks. MindWalk is a small-cap company with a history of net losses, its results are preliminary pending the filing of its Form 20-F, and turning early recurring contracts into a durable business is far from guaranteed. But the setup is clearer than it was a year ago: a company that spent years building a platform is now, on its own numbers, beginning to sell it, and the market gets to judge that claim against real results rather than projections.

Contact:

USA News Group
[email protected]

Article Source:

MindWalk Holdings Corp., "MindWalk Holdings Corp. Reports Fiscal 2026 Results," press release, July 22, 2026. DISCLAIMER

Nothing in this publication should be considered personalized financial advice. We are not licensed under securities laws to address your particular financial situation, and no communication from us should be deemed personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor a recommendation to buy or sell any security. We hold no investment licenses and are neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.

This article is being distributed by USA News Group, which is wholly owned and operated by Market Equities Limited ("MEL"). MEL has been paid a fee for MindWalk Holdings Corp. advertising and digital media from Creative Direct Marketing Group ("CDMG"). MEL also expects to receive further compensation as part of an ongoing digital media effort to increase visibility for the company. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged not to use this publication as the basis for any investment decision. The content in this article has been reviewed and approved on behalf of MindWalk Holdings Corp. by CDMG.

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While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this publication is not trustworthy unless verified by their own independent research. Because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may lose some or all of your investment.

Financial figures on this page describing MindWalk Holdings Corp.'s fiscal 2026 results are drawn from the company's own earnings release and are preliminary results reported ahead of, and subject to, the filing of the company's Annual Report on Form 20-F; final audited figures may differ, and all amounts are in Canadian dollars unless otherwise noted. References to HYFT® Technology, ReefIQ™, and LensAI™, and to the company's platform, patents, publications, molecules, and pipeline, describe early-stage products and activities that have not been independently verified and may not translate into future commercial outcomes; ReefIQ™ registration is pending. HYFT® is a registered trademark, and LensAI™ and ReefIQ™ are trademarks, of MindWalk Holdings Corp. or its subsidiaries. Forward-looking statements involve known and unknown risks and uncertainties, including the company's history of net losses and its ability to convert engagement into contracted, recurring arrangements; readers should not place undue reliance on them.

References to Schrödinger, AbCellera Biologics, Relay Therapeutics, Certara, and any of their respective products, platforms, or programs are for comparative and illustrative context only. MindWalk Holdings Corp. is not a party to, and is not affiliated with, the products, platforms, or corporate activities of those companies, and their businesses are at different and generally more advanced stages. Each company carries its own independent risks and must be evaluated on its own merits.

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Issued on behalf of Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN80)

The migration to quantum-resistant encryption has shifted from a research topic to a procurement mandate, and one Canadian company is trying to turn that regulatory wave into regional footholds. Its latest move localizes its platform for Malaysia's critical-infrastructure rules.

, /PRNewswire/ -- USA News Group News Commentary - For years, the threat that quantum computers could one day break the encryption protecting the world's data was treated as a problem for the future. That framing has changed. Governments are now writing quantum-resistant security into law, enterprises are being told to inventory and migrate their cryptography on fixed timelines, and the phrase "harvest now, decrypt later," the idea that adversaries are already stockpiling encrypted data to crack once quantum machines mature, has moved from conference panels into procurement documents. In that environment, the companies that can help organizations actually make the switch are the ones positioned to benefit.

One of them just expanded its reach into Southeast Asia, and it did so by aligning itself directly with a national cybersecurity law that is about to force a wave of spending.

Key Takeaways

Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN80) signed a memorandum of agreement with a Malaysia-based digital trust and certificate-management provider to build a Malaysia-specific version of its QPrime post-quantum platform.

The tailored platform is designed to help Malaysia's National Critical Information Infrastructure organizations prepare for the country's Cyber Security Act 2024 (Act 854), with the solution hosted on Malaysian sovereign infrastructure and data residency kept in-country.

The broader post-quantum and cybersecurity sector is running hot, with SEALSQ (NASDAQ: LAES), CrowdStrike (NASDAQ: CRWD), Palo Alto Networks (NASDAQ: PANW), and Fortinet (NASDAQ: FTNT) all riding the quantum-migration and AI-security demand cycle.

A Partnership Built Around a National Mandate

Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN80), a post-quantum cybersecurity company focused on quantum-resilient data protection, identity security, secure storage, and cryptographic migration readiness, announced that it has signed a memorandum of agreement with a Malaysia-based digital trust and certificate-management provider that forms part of a global digital trust ecosystem. Under the agreement, QSE and its Malaysian partner intend to develop a Malaysia-specific version of QSE's full secure posture platform, known as QPrime.

The purpose of the tailored platform is specific and regulatory. It is intended to help Malaysia's National Critical Information Infrastructure organizations, referred to as NCII, prepare for requirements under Malaysia's Cyber Security Act 2024, known as Act 854. In plain terms, QPrime is designed to help organizations understand where encryption is used across their systems, where cyber and quantum-related exposure may exist, and what steps to prioritize as they plan their move toward post-quantum security. It is an assessment and migration-planning tool for the messy, essential first step of any cryptographic transition: figuring out what you have and where you are vulnerable.

A notable feature of the arrangement is where the data will live. The parties intend to host the Malaysia-specific QPrime solution on Malaysian sovereign infrastructure, with data residency kept inside the country. For government agencies and regulated organizations, that detail matters: sensitive cybersecurity information, assessment results, and compliance records need to remain within national borders. Data sovereignty has become a central requirement in government technology procurement worldwide, and building it into the offering from the start is what makes a solution viable for public-sector and regulated buyers.

Malaysia's Cyber Security Act 2024 has sharpened the focus on cybersecurity readiness for NCII organizations, a category that can span government, financial services, communications, energy, healthcare, transportation, and other critical services. That breadth is the commercial opportunity: each of those sectors houses organizations that now face a compliance obligation and will need tools to meet it.

"This MOA is important because it is focused on a clear market need," said Ted Carefoot, Chief Executive Officer of QSE. "Malaysia's NCII organizations need practical tools to understand their cybersecurity exposure, prepare for Act 854 and plan for post-quantum risk. By working with a Malaysian digital trust provider and supporting local data residency, we believe QPrime can become a practical starting point for organizations that need to move from awareness to action."

Read the whole story on Quantum Secure Encryption by clicking here

A Strategy of Localizing, Not Just Selling

The Malaysia agreement is a window into how QSE is trying to grow. Rather than pushing a single, one-size-fits-all product into every market, the company says it is adapting its technology to local regulatory requirements, local data-residency needs, and real customer workflows, scaling its existing platform through regional partners. For QSE, the memorandum supports a broader strategy of moving QPrime from a general post-quantum assessment platform toward a local, compliance-focused solution built around the specific needs of Malaysian NCII organizations.

It is a sensible approach for a smaller company in a market increasingly crowded with large incumbents. Competing head-to-head on scale against global security giants is difficult; embedding into specific national compliance regimes, alongside a local partner who understands the regulatory terrain and carries existing relationships, is a way to win business the incumbents may overlook or reach more slowly. The company describes its Malaysian partner as part of a global digital trust ecosystem, which suggests the relationship could open doors beyond a single market if the model works.

QSE describes itself as a Canadian technology company specializing in post-quantum data security, encryption, and secure data infrastructure, built around quantum-delivered entropy and a zero-knowledge architecture, serving commercial, enterprise, and public-sector organizations that need long-term data confidentiality. The Malaysia move is a test of whether that technology can be packaged to meet a specific national law, and whether the regional-partner playbook can be repeated elsewhere.

Why the Timing Matters

The backdrop to all of this is a global regulatory push that has turned post-quantum migration from optional to mandatory. In the United States, an executive order has accelerated the federal government's migration to post-quantum cryptography, and the National Institute of Standards and Technology has finalized quantum-resistant algorithm standards that are now being implemented. Canada has directed its federal departments to submit migration plans, and national-security agencies have set deadlines for full quantum-resistance of sensitive systems. Malaysia's Act 854 is part of that same global wave, and it is the specific mandate QSE is now aligning itself with.

The market that results is sizable and growing quickly. Industry estimates put the post-quantum cryptography market in the low billions of dollars in 2025 and project rapid compound growth through the rest of the decade, driven precisely by the government mandates and enterprise compliance obligations now taking effect. For a company positioned as a pure-play in that space, the challenge is less about whether demand will materialize and more about capturing a share of it against far larger competitors, which is exactly what the regional-localization strategy is designed to address.

Track the Signals Before the Crowd

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The Companies Riding the Same Security Wave

QSE is a micro-cap operating in a sector that also contains some of the best-performing large-cap technology stocks of 2026. The four companies below span the post-quantum and broader cybersecurity landscape, and while they differ enormously from QSE in size and stage, they show why capital has been flowing toward security names all year. They are referenced for market and sector context only and are not peers, competitors, or financial comparables to QSE.

SEALSQ (NASDAQ: LAES)

SEALSQ is the closest pure-play post-quantum comparison in the public market. The company builds post-quantum secure microcontrollers and digital-certificate technology, positioning itself at the silicon layer of the quantum-safe transition. It reported roughly 66% revenue growth for its 2025 fiscal year to about US$18.3 million, with a commercial pipeline it has described as exceeding US$200 million and a large cash position, and its shares have been an active trading vehicle for the post-quantum theme. Because SEALSQ's certificate and secure-chip focus overlaps conceptually with the digital-trust and certificate-management angle of QSE's Malaysia partnership, it is the most thematically relevant name here, even though it operates at a different layer of the stack and a far larger scale.

CrowdStrike (NASDAQ: CRWD)

CrowdStrike is one of the defining cybersecurity franchises of the era, and one of the few large-cap security names to keep compounding through the 2026 software correction. Its shares have risen roughly 75% year to date, trading near a 52-week high, and the company recently completed a four-for-one stock split that broadened retail access. Its Falcon platform is increasingly positioned as the layer through which enterprise crypto-agility and post-quantum policy enforcement will eventually be delivered, giving it structural exposure to the same regulatory tailwind driving pure-play post-quantum vendors. CrowdStrike illustrates the scale and market enthusiasm at the top of the security sector that QSE sits far below but shares a tailwind with.

Palo Alto Networks (NASDAQ: PANW)

Palo Alto Networks is integrating post-quantum cryptography capabilities directly into what is one of the largest security platforms in the industry. It is repeatedly named among the handful of companies leading enterprise-grade quantum-safe adoption, and its shares climbed in mid-July 2026 alongside the broader security group on read-throughs about elevated cyber demand. After a very strong run, the stock has also drawn analyst caution on valuation, a reminder that even the leaders in this theme carry risk. Palo Alto shows how the largest platform vendors are absorbing post-quantum capability into their existing suites, which is both the opportunity and the competitive pressure that shapes the environment smaller specialists like QSE operate in.

Fortinet (NASDAQ: FTNT)

Fortinet has quietly been one of the best-performing large-cap stocks in the entire market in 2026, up roughly 100% year to date and trading near its 52-week high, and it pairs that with elite profitability, including net margins above 27% and a very high return on equity. Known for its FortiGate firewalls and broader Security Fabric platform, Fortinet is among the firewall and network-security vendors most often cited as beneficiaries of the migration cycle and of rising AI-driven security demand. It rounds out the picture of a cybersecurity sector where capital has rewarded scale, profitability, and exposure to structural security spending, the same secular forces QSE is attempting to tap at the specialist end.

A Small Company Aligned With a Large Trend

QSE is a micro-cap with the risks that come with that profile: it is small, it competes against vastly larger and better-capitalized companies, and a memorandum of agreement is an intention to build, not a guarantee of revenue. The Malaysia platform still has to be developed, adopted, and paid for before it contributes materially to the business. Those are real caveats, and the gap in scale between QSE and the large-cap names sharing its sector is enormous.

What QSE has done is align itself precisely with the force reshaping its industry: government mandates that turn post-quantum migration from a choice into a requirement. By localizing its platform to a specific national law, keeping data in-country, and partnering with a provider that already understands the market, the company has laid out a repeatable template for turning regulation into revenue. Whether it can execute on that template is the open question, but the strategy is aimed squarely at where the demand is being created.

Read more on Quantum Secure Encryption here

Article Source:

 Quantum Secure Encryption Corp., "QSE Expands Global Post-Quantum Cybersecurity Footprint Through Malaysia Partnership," July 23, 2026. USA News Group | [email protected]

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Cautionary Note Regarding Forward-Looking Statements. This article contains, and references a company news release that contains, forward-looking statements within the meaning of applicable Canadian securities legislation. Statements regarding the memorandum of agreement, the development of a Malaysia-specific QPrime platform, intended data-residency and sovereign-hosting arrangements, Act 854 readiness, the company's regional-partner strategy, and future demand for post-quantum cryptography are forward-looking and are not guarantees of future performance or results. A memorandum of agreement represents an intention and is subject to further development, definitive agreements, adoption, and execution risk; there is no assurance it will generate revenue. References to SEALSQ, CrowdStrike, Palo Alto Networks, and Fortinet are for market and sector context only; those companies are not peers, competitors, or comparables of Quantum Secure Encryption Corp., differ substantially in size, stage, and business, and their performance is not indicative of QSE's prospects. All third-party figures are approximate and subject to change. Readers are cautioned not to place undue reliance on forward-looking statements and should refer to the company's continuous-disclosure filings available under its profile on SEDAR+ at www.sedarplus.ca. This disclaimer, together with your access to and use of this content, shall be governed by and construed in accordance with the laws of Ireland.

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