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FDA Grants Philip Morris License to Market Zyn as Reduced-Harm Alternative

On July 1, the FDA authorized Philip Morris to market 20 ZYN nicotine pouches with claims of reduced disease risk after a scientific review. On July 3, the FDA classified Insulet's correction to its Omnipod systems as a Class I recall due to a cannula defect. On July 6, the FDA classified Insulet's Omnipod recall as Class I after reports of insulin under-delivery linked to serious injuries.

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Pacira Sells iovera to Zimmer Biomet in Up to $140M Deal to Focus on Drug Growth

On July 1, Pacira (PCRX) sold its iovera franchise to Zimmer Biomet (ZBH) in a deal worth up to $140M to sharpen its focus on biopharmaceutical growth. On July 2, U.S. Physical Therapy purchased a majority stake in a physical therapy practice. Additionally, Orthofix Medical shares rose following a decision by the Centers for Medicare & Medicaid Services (CMS) to reverse its stance on non-invasive bone growth stimulators.

AIG names Nancy Bewlay global chief underwriting officer from Sept 8

AIG has appointed Nancy Bewlay as Executive Vice President and Global Chief Underwriting Officer, effective September 8, 2026. The company also appointed Christine Williams as Head of Global Client and Broker Relationships, effective September 1, 2026.

MSC Industrial Q3 Earnings Beat Estimates

MSC Industrial (MSM) reported quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.28 per share, compared to $1.08 per share a year ago. The company also reported revenues of $1.05 billion, representing a 7.8% year-over-year increase. The stock price rose 3.69% to $123.34, hitting a new 52-week high.

Micron and GM Sign Strategic Agreement for Automotive Chip Supply

On July 1, Micron Technology and General Motors signed a Strategic Customer Agreement to secure a long-term supply of memory and storage platforms for vehicle production. On July 6, Micron and Ford announced a long-term supply agreement for automotive memory chips. On July 9, Micron Technology announced plans to invest up to $3 billion to strengthen the U.S. semiconductor supply-chain ecosystem.

US DOE Approval Boosts Oklo's Groves Reactor Milestone

On July 1, the US DOE approved the Documented Safety Analysis for Oklo's Groves Isotope Test Reactor, boosting the stock. On July 3, Oklo received approval from the U.S. Department of Energy for the Safety Analysis Report for its Groves Isotope Test Reactor. On July 6, BWX Technologies completed the acquisition of Precision Components Group (PCG) and its subsidiaries PCC and DCF, aiming to expand BWXT's heavy-manufacturing footprint and U.S.-made nuclear component delivery capabilities.

Bank of America Q2 Preview: Analysts See $1.10 EPS, Revenue $30.26B

Bank of America is expected to report Q2 earnings on July 14, with analysts projecting EPS of $1.10 and revenue of $30.26 billion. BAC stock fell 1.6% on Tuesday ahead of the announcement. The SEC fined BAC subsidiary Merrill Lynch $7.5 million for delayed suspicious activity reporting. BAC's projected losses in the Federal Reserve's stress test are considered modest relative to its $3 trillion in market assets.

S&P 500, Nasdaq Post Best Quarter Since 2020 Amid Middle East Tensions

The S&P 500 and Nasdaq finished Q2 2026 with their biggest quarterly gains since 2020, as investor optimism about economic and earnings growth persisted despite the Middle East conflict. The S&P 500 recorded its best quarterly performance since 2020 following a recovery in recent weeks. Investors returned to growth stocks amid optimism regarding peace negotiations in Iran and strong corporate earnings. The S&P 500 index finished the week up 1.7%, marking its best weekly performance in two months.

SeekingAlpha Publishes Progress Software Q2 2026 Earnings Call Transcript

On July 1, SeekingAlpha published the Q2 2026 earnings call transcript for Progress Software.

Allison Transmission inclusion in S&P MidCap 400 lifts shares

On July 1, Allison Transmission was announced to be added to the S&P MidCap 400 index, leading to a rise in its shares. On July 2, Genuine Parts shares surged 13% following a report that O'Reilly Automotive submitted a cash bid for its auto-parts division, which could value the division at $10 billion or more. On the same day, O'Reilly Automotive's stock declined by 4.4% following the news of the bid. On July 7, Trimble shares gained following reports that the company is looking to sell its transportation and logistics unit.

Microsoft Security VP Vasu Jakkal Departs After 6 Years

Vasu Jakkal, Microsoft's corporate vice president of security, compliance, identity, management, and privacy, is departing the company after six years. Jakkal helped build Microsoft's $20 billion security business. On July 6, Microsoft announced layoffs of 4,800 employees following a voluntary retirement program, and the Xbox video game unit is cutting one-fifth of its staff, with four studios set to go independent.

S&P 500, Nasdaq Post Best Quarterly Performance Since 2020

The S&P 500 and Nasdaq rose by 0.79% and 1.52% respectively on June 30, marking their best quarterly performance since 2020. On July 2, the Canadian TSX index edged higher following the release of U.S. jobs data. As of July 4, the S&P 500 index is up 9.3% year-to-date, with small and micro-cap stocks outperforming large-cap stocks. The technology sector leads performance driven by AI, while Communication Services lag.

Deadline Reminder for PicS N.V. Securities Fraud Lawsuit

On June 30, Glancy Prongay Wolke & Rotter LLP reminded investors that the lead plaintiff deadline in the securities fraud lawsuit against PicS N.V. is August 4, 2026. On July 2, Hagens Berman began investigating a shareholder class action alleging that PicS N.V. omitted material facts in its January 2026 IPO documents. On July 3, Hagens Berman continued to investigate claims that PicS N.V.'s IPO documents contained misrepresentations and omissions regarding credit procedures.

Cosmos Health Authorizes $5M Share Buyback Program

On June 30, Cosmos Health Inc. (NASDAQ:COSM) announced that its Board of Directors authorized a share repurchase program of up to $5 million of its common stock. On July 2, the company announced the repurchase of an additional 770,000 shares. On July 6, Cosmos Health repurchased an additional 220,000 shares of common stock in the open market at an average price of $0.2229 per share. The company has now repurchased a total of 3,640,000 shares for approximately $700,000 under its $5 million authorized program.

TD Cowen Cuts MSTR Price Target to $260 as Bitcoin Forecast Slashed

TD Cowen cut its price target for MicroStrategy (MSTR) to $260 from $400 after lowering its year-end 2026 Bitcoin forecast to $100,000. On July 4, investor Tim Draper denied links to a wallet that transferred 1,000 BTC to Coinbase Prime and reiterated his bullish prediction for Bitcoin to reach a price of $250,000. On July 6, MicroStrategy lost approximately 17% of its Bitcoin sale capacity due to its new cryptocurrency accumulation playbook.

Lemonade Renews Reinsurance on Improved Terms, Lowers Ceded Premium to 18%

Lemonade renewed its reinsurance program effective July 1, 2026, on improved terms, lowering its ceded premium rate to 18%. Separately, Roadzen signed a definitive agreement to acquire a leading European MGA focused on short-term car rental insurance. This acquisition is projected to add $18–20 million in revenue and approximately $1.6–2 million in EBITDA.

Positive Phase 3 Results for Epcoritamab Combo in DLBCL

The Phase 3 EPCORE DLBCL-4 trial showed that the epcoritamab combination reduced the risk of disease progression by up to 60% in relapsed/refractory DLBCL. Genmab announced positive Phase 3 results for epcoritamab plus lenalidomide, demonstrating a statistically significant improvement in progression-free survival. AbbVie also announced a Phase 3 victory for epcoritamab in relapsed/refractory DLBCL, meeting its primary endpoint.

Levi Strauss Q2 Earnings Preview: July 8, EPS $0.24, Revenue $1.52B

Levi Strauss & Co. will release its Q2 fiscal 2026 earnings on July 8, with consensus estimates of $1.52 billion in revenue and $0.24 EPS. Telsey Advisory raised its price target for the stock to $30 while maintaining an Outperform rating, and UBS increased its price target to $34 with a Buy rating. Analysts expect earnings per share to grow by 9.1% for the upcoming quarter.

Comcast to spin off NBCUniversal, Sky into separate public company

On June 29, Comcast Corporation (CMCSA) announced plans to separate its media and technology businesses through a tax-free spin-off of NBCUniversal and Sky into an independent public company. Comcast shareholders will own shares in both Comcast and NBCUniversal upon completion of the transaction. This announcement caused declines in telecom stocks such as VZ, TMUS, and T.

RTX secures $1.11B contract modification for AIM-9X missile production

On June 26, RTX secured a $1.11 billion contract modification for the production and delivery of AIM-9X missiles. On July 2, RTX shares rose 3.4% after its Raytheon business secured a $1.1 billion contract from the U.S. Navy. The contract involves AIM-9X Block II missiles with production capacity increased to 2,500 missiles annually. On July 7, Raytheon is collaborating with Diehl Defence and Dutch suppliers to double global Stinger missile production.

US Bancorp Passes Fed's 2026 Stress Test, Plans Dividend Hike

On June 25, US Bancorp passed the Federal Reserve's 2026 stress test, maintaining strong capital levels and planning to raise its quarterly dividend. On July 1, US Bancorp announced a 3.8% increase in its quarterly common stock dividend to $0.54 per share, effective Q3 2026. On July 4, the 3.8% increase in the quarterly dividend to $0.54 per share was confirmed, and DCF models suggested the stock could be 40.3% undervalued with a fair value estimate of $103.45.

BlackBerry Beats Q1 Estimates on Cybersecurity and QNX Growth

BlackBerry reported Q1 fiscal 2027 revenue of $153 million, exceeding analyst estimates. The company's shares rose 8% in premarket trading after raising its annual revenue forecast. BlackBerry achieved a 144% year-over-year growth in adjusted EBITDA and a GAAP operating income of about $15 million. On June 26, BlackBerry reported revenue of $157.33 million, up 26% year-over-year, prompting RBC Capital to raise its price target to $9.00. On July 1, BlackBerry reported better-than-expected Q1 results, driving a 22% surge in its stock.

Apple hikes MacBook and iPad prices up to $300 on AI-driven memory and storage costs

On June 25, Apple announced price increases of $100 to $300 on MacBooks and iPads due to higher memory and storage costs driven by AI demand. On June 26, Apple confirmed price hikes on iPad, MacBook Air, MacBook Pro, HomePod, and Apple TV, citing rising memory and storage chip costs due to AI industry demand. On June 29, Apple announced it would release software updates earlier than usual in response to AI-driven security concerns.

Volkswagen sells majority stake in engine unit for €7.4 billion

On June 25, Volkswagen shares rose 2.4% after announcing the sale of a majority stake in its engine unit Everllence for €7.4 billion ($8.41 billion). On June 26, Volkswagen announced plans to cut 100,000 jobs and end production at four German plants over the coming years, marking the most radical overhaul in the company's 89-year history. On June 28, Bild newspaper reported that Volkswagen plans to end its automated driving partnership with Bosch as part of cost-cutting and competitiveness efforts.

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