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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 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 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 narrowly missed quarterly earnings estimates as inflation, tariffs, and currency costs pressured margins, while the company awaits Kimberly-Clark’s $40 billion acquisition.
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.
Netlist and Samsung announced a five-year strategic alliance involving patent cross-licensing, memory supply agreements, and Samsung’s purchase of 10 million shares, potentially yielding Netlist up to $750 million in patent fees.
