GM Raises 2026 Profit Outlook for Second Time This Year on Strong Truck Demand
Strong Q2 results driven by premium trucks and cost cuts.
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Novartis Beats Q2 2026 Expectations as New Drugs Offset Generic Pressure
Novartis reported strong Q2 2026 results with $14.41B sales and a core profit beat, driven by Kisqali (+43%) and Scemblix. Full-year guidance reaffirmed despite Entresto patent cliff.
Playtika in Talks to Sell SuperPlay to Tencent for Up to $1.5 Billion
The move would ease debt and remove $829M in earnout obligations.
Morgan Stanley Downgrades Tech Stocks as AI Payoff Doubts Mount
Morgan Stanley downgraded Salesforce, Workday, Intuit, SPS Commerce, Rapid7, PagerDuty, Wix, Vertex, and Nice, citing slow AI revenue growth and legacy business weakness. Price targets cut sharply.
Morgan Stanley Downgrades Adobe to Underweight, Slashes Price Target to $240 Amid AI and Execution Concerns
Morgan Stanley warns about the impact of generative AI, Adobe’s freemium strategy, and ongoing leadership transitions.
Nvidia Takes 9.3% Position in Nebius Through Warrant and Shares
The stake, partly stemming from a March 2026 warrant, boosted NBIS shares in premarket trading.