Phillips 66 net profit rises 339% to $3.8bn in Q2 2026
Phillips 66 reported net earnings of $3.8bn in Q2 2026, representing a 339% increase from $877m in the prior-year quarter, driven by higher margins and improved operations.
Chinese humanoid robot maker Unitree prices IPO at $9 billion valuation
Unitree, a Chinese humanoid robot maker, priced its Shanghai IPO at 150.8 yuan per share, valuing the company at approximately 9.04 billion dollars and making it mainland China’s first listed humanoid robot manufacturer.
AMD’s Beat-and-Raise Q2 Earnings Shows Just How High the AI Bar Is
AMD reported second-quarter earnings and revenue above expectations with raised guidance, yet its stock declined approximately 8.5% in premarket trading as investors sought stronger acceleration given the company’s substantial year-to-date gains.
Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination
Warner Bros. Discovery reported 10% growth in streaming revenue to exceed $3 billion in the second quarter, driven by HBO Max gains ahead of proposed merger discussions with Paramount.
Kenvue misses quarterly estimates as inflation, tariffs squeeze margins
Kenvue narrowly missed quarterly earnings estimates as inflation, tariffs, and currency costs pressured margins, while the company awaits Kimberly-Clark’s $40 billion acquisition.
The divide between Eli Lilly and Novo Nordisk is widening after their latest earnings
Eli Lilly and Novo Nordisk reported strong second-quarter earnings but diverged in investor reception, with Lilly gaining ground in the obesity drug market while Novo faces pipeline challenges and growth concerns.