Iraq and Syria signed a memorandum to rehabilitate the Kirkuk-Baniyas crude line, part of roughly $60B in U.S.-Iraq agreements reported on July 17. AP reported a projected 2M barrels per day route that would reduce reliance on the Strait of Hormuz.
The FAA will again allow Boeing $BA to issue airworthiness certificates for all new 737 MAX and 787 aircraft after an eight-month safety review. CNBC published the item on July 17, and the FAA said production-quality findings were comparable when Boeing and the agency alternated certificate issuance.
UnitedHealth $UNH rose around 8% after Q2 adjusted EPS of $6.38 and revenue of $112.0B topped expectations. The company lifted 2026 adjusted EPS guidance to $19.50-$20.00 and reported an 86.7% medical cost ratio, easing managed-care margin concerns.
Netflix $NFLX dropped more than 7% after Q2 revenue of $12.56B came in just under the $12.58B consensus and Q3 revenue guidance of $12.86B missed the $13B Street view. EPS of $0.80 beat by $0.01, but the narrower 2026 revenue outlook and a slower engagement disclosure cadence drove the stock reaction.
ConocoPhillips $COP agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited, joining four producing fields in northern Iraq. The company release says the redevelopment covers more than 3B boe of initial recoverable resources and is expected to close by end-2026.
Eli Lilly agreed to acquire AtaiBeckley for $6.75 a share in cash, valuing the upfront consideration at about $2.8B. A CVR could add up to $2.50 a share, or about $1.0B, tied to BPL-003 and VLS-01 milestones.
TSMC reported second-quarter EPS of NT$27.25, with revenue up 36.0% year over year and net income and diluted EPS both up 77.4%. The result keeps AI semiconductor demand at the center of global chip-capex expectations.
The Bank of Korea raised its base rate from 2.50% to 2.75% on July 16. The statement cited 3.2% CPI inflation, 2.5% core inflation and growth likely to exceed the prior 2.6% forecast.
The U.S. Producer Price Index for final demand fell 0.3% in June after rising 0.6% in May, while the 12-month rate slowed to 5.5%. BLS attributed the decline to final-demand goods, led by a 12.0% drop in gasoline prices.
ASML reported Q2 net sales of €9.3B, a 54.0% gross margin and €2.9B net income, then raised its 2026 sales outlook to €43B-€45B. CNBC’s market feed showed the stock up about 3% after the release, making the beat-and-raise the clearest semiconductor earnings catalyst of the session.
IBM fell more than 20% after preliminary Q2 revenue of $17.2B and adjusted EPS of $2.93 missed FactSet expectations for $17.86B and $3.01. The warning makes the July 22 earnings call the next test for software, infrastructure, and AI spending exposure.
June CPI rose 3.5% year over year, below the 3.8% forecast and down from 4.2% in May. The monthly CPI fell 0.4%, core CPI eased to 2.6%, and markets pushed the expected next Fed hike toward December.