Markets & Finance

Westinghouse Electric, owned 49% by Cameco and 51% by Brookfield Renewable, submitted a draft Form S-1 to the SEC on July 31, 2026, with no share count, price range, or offering date yet established. The filing follows a June 2026 conditional DOE financing commitment of up to $17.5 billion tied to as many as 10 AP1000 reactor units, and comes as at least three other nuclear companies have filed or priced IPOs in 2026. Because the confidential draft remains nonpublic during SEC review, current Westinghouse revenue and debt figures are not disclosed in the filing announcement.

S&P Dow Jones Indices announced on July 31, 2026, that Ferguson Enterprises, a plumbing and HVAC distributor with $31.3 billion in 2025 sales, will replace Electronic Arts in the S&P 500 before trading opens August 5. Electronic Arts is being removed because its $55 billion acquisition by a consortium including the Public Investment Fund, Silver Lake, and Affinity Partners is expected to close around August 4. Separately, ADI Global Distribution, spun off from Resideo Technologies, will join the S&P SmallCap 600 before trading opens August 4, replacing Hertz Global Holdings.

Apnimed priced 12 million shares at $16 each on July 30, 2026, generating $173.6 million in net proceeds after fees, with a potential rise to $200.4 million if underwriters exercise their overallotment option. The bulk of the funds, approximately $237.8 million including existing cash, are earmarked to support FDA approval and commercial launch of Oxnimbi, an oral combination drug targeting the neuromuscular cause of obstructive sleep apnea, which has a PDUFA review deadline of February 28, 2027. Apnimed cautions that current funding is projected to last only through June 2028 and may not be sufficient to fully commercialize the drug even if approved.

ExxonMobil reported Q2 2026 GAAP earnings of $14.5 billion, or $3.48 per share, driven largely by record refining margins as roughly 9% of global refining capacity sat offline across Russia, China, and the Middle East. Higher prices and margins alone added $10.4 billion to earnings, while Middle East volume disruptions reduced year-to-date results by $1.8 billion. The report also shows non-Middle-East upstream production at a 20-year high and $17.2 billion in free cash flow, providing context for how supply disruptions created uneven but net-positive effects across the company's segments.

Chevron's Q2 2026 earnings attributable to the company rose 385% year-over-year to $12.1 billion, driven by a 561% surge in Downstream segment earnings and a 20% increase in worldwide production. Adjusted EPS of $6.06 beat the LSEG analyst consensus by $0.50, while the company also reported $3 billion in structural cost savings and $1.5 billion in Hess acquisition synergies, both delivered ahead of schedule. The article details how commodity prices, refining margins, record U.S. output, and $1.4 billion in favorable timing effects combined to produce the result.

On July 31, 2026, official Treasury data showed the 30-year yield at 5.27% and the 2-year-to-10-year spread at 47 basis points, up from 30 basis points on June 30. The month-over-month move reflects a bear steepening pattern in which longer maturities rose more than shorter ones, with the 30-year climbing 36 basis points since June 30 versus 14 basis points for the 2-year. The FOMC held its federal-funds target range at 3.5 to 3.75 percent on July 29 by a 9-to-3 vote, with three dissenters preferring a 25-basis-point increase, while concurrent factors including an oil price spike tied to a Strait of Hormuz incident and hawkish Fed commentary coincided with the yield moves but cannot be isolated as sole causes.

Ferrari reported Q2 2026 net revenues of €1.94 billion and adjusted EBITDA of €755 million, exceeding analyst consensus of €1.88 billion and €729 million respectively. The company subsequently raised its full-year 2026 targets, lifting the revenue projection by €100 million to approximately €7.60 billion, the adjusted EBITDA floor by €40 million to at least €2.97 billion, and the industrial free cash flow floor by €50 million to at least €1.55 billion. Ferrari attributed the stronger results to robust personalizations and lower-than-expected currency headwinds.

Bloomberg announced on July 29, 2026, that it has agreed to acquire Canoe Intelligence, an AI platform that processes over 1.5 million private-markets documents per month across more than 44,000 funds for over 500 institutional clients representing $11 trillion in assets under service. The deal is pending and no purchase price, closing date, or closing conditions have been disclosed. The planned integration targets a unified public and private markets data view within Bloomberg's existing infrastructure, including its PORT Enterprise and ASKB conversational interface.

Influence Media Partners announced on July 29, 2026 a signed agreement to acquire substantially all of Anthem Entertainment's assets, including over 24,000 released songs, more than 60,000 unexploited works, and film and TV publishing rights, for a purchase price exceeding $600 million, with BlackRock affiliate funds participating. The deal is structured as an asset acquisition rather than an equity purchase and is expected to close in Q4 2026, subject to customary closing conditions. Key details including the financing mix, price allocation among asset categories, and regulatory treatment have not been publicly disclosed.

Alkegen and 62 affiliates filed a prepackaged Chapter 11 on July 26, 2026, in the Northern District of Texas, targeting a reduction of approximately $3.1 billion in debt to roughly $400 million within about sixty days. The plan is backed by a $630 million DIP facility and approximately 99% support from first-lien creditors, with general unsecured trade claims expected to be paid in full. A combined confirmation hearing is scheduled for September 3, 2026, though the outcome remains pending.

Wendel closed the first half of 2026 with a fully diluted NAV per share of €158.9, up from €154.8 on a dividend-adjusted basis at the start of Q2, with share buybacks accounting for €2.8 of that per-share recovery. The company returned approximately €450 million to shareholders year-to-date through a completed buyback program and a €3.6 per-share dividend. Its asset management arm, WIM, grew third-party AUM 25% year-on-year to €48.7 billion, generating €87.1 million in fee-related earnings on a reported basis in the first half.