TSMC's second-quarter profit soars nearly 61% as AI chip demand stays strong

TSMC , the world's largest contract chipmaker, posted a 60.7% jump in second-quarter net profit on Thursday, beating market forecasts and hitting a historic high as it benefited from surging demand for semiconductors used in artificial intelligence applications.

Bank of America Corporation (NYSE:BAC ) Q2 2025 Earnings Conference Call July 16, 2025 8:00 AM ET Company Participants Alastair M. Borthwick - Chief Financial Officer Brian Thomas Moynihan - Chairman, CEO & President E.

I am bullish on the healthy fast-casual trend reshaping the restaurant sector. The company's focus on healthy lunch and dinner bowls aligns with shifting consumer preferences. I believe management's adoption of their patented 'Infinite Kitchens,' which is robotic automated technology, will help drive profitability and margins. My personal price target suggests roughly 20% upside, which is below the 50% upside implied by Wall Street's $20 average price target.

Novartis on Thursday posted a slightly more optimistic full-year earnings forecast, citing the strong growth of drugs such as breast cancer drug Kisqali during the second quarter.

MPLX remains a strong buy due to robust Q1 results, high distribution yield, and strategic expansion in natural gas and NGL infrastructure. The company's fixed-fee contracts and close ties with Marathon Petroleum provide stable cash flows, supporting reliable distributions and high utilization rates. Growth is driven by increased Permian Basin presence, new projects, and the ONEOK JV, positioning MPLX for long-term relevance despite oil market shifts.

Ad hoc announcement pursuant to Art. 53 LR Mukul Mehta, currently Head of Business Planning and Analysis (BPA), Digital Finance and Tax, has been appointed Chief Financial Officer, effective March 16, 2026, and will join the Executive Committee (ECN) After an extraordinary 22-year career at Novartis and more than 12 years as a member of the ECN, Harry Kirsch will retire and step down from the ECN on March 15, 2026 Basel, July 17, 2025 – Novartis announced today the appointment of Mukul Mehta as the Chief Financial Officer (CFO) and a member of the Executive Committee of Novartis (ECN), …

Austrian advocacy group noyb on Thursday filed data privacy complaints against China's AliExpress, TikTok and WeChat, saying they failed to comply with European Union laws on providing users a full copy of their data.

SINGAPORE--(BUSINESS WIRE)--BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) today provides an update on its Product Services' (“BW Product Services”) Q2 2025 segment performance. For the quarter ended 30 June 2025, BW Product Services achieved a realised gain of USD 5 million from our cargo and freight operations. After accounting for the unrealised mark-to-market change of positive USD 10 million from our open cargo contracts and hedging transa.

Ad hoc announcement pursuant to Art. 53 LR Q2 net sales grew +11% (cc 1 , +12% USD) with core operating income 1 up +21% (cc, +20% USD) Sales growth driven by continued strong performance from Kisqali (+64% cc), Entresto (+22% cc), Kesimpta (+33% cc), Scemblix (+79% cc), Leqvio (+61% cc) and Pluvicto (+30% cc) Core operating income margin1 reached 42.2%, +340 basis points (cc), mainly driven by higher net sales Q2 operating income grew +25% (cc, +21% USD); net income up +26% (cc, +24% USD) Q2 core EPS 1 grew +24% (cc, +23% USD) to USD 2.42 Q2 free …

ZURICH, SWITZERLAND, July 17, 2025 -- VERAXA Biotech AG (“VERAXA” or the "Company"), an emerging leader in designing novel cancer therapies, and Voyager Acquisition Corp., a Cayman Islands exempted company and special purpose acquisition company targeting the healthcare sector (NASDAQ:VACH, “Voyager” or the “SPAC”), announced today the filing of a registration statement on Form F-4 (the “Registration Statement”), which includes a preliminary proxy statement, with the U.S. Securities and Exchange Commission (“SEC”) in regards to the proposed Business Combination Agreement announced April 23, 2025.

Nvidia CEO Jensen Huang said China's manufacturing capabilities should not be underestimated. CNBC's Evelyn Cheng reports from Beijing.

The Goldman Sachs Group, Inc. (NYSE:GS ) Q2 2025 Earnings Conference Call July 16, 2025 9:30 AM ET Company Participants David M. Solomon - Chairman & CEO Denis P.

Natural gas prices remain rangebound due to excessive production, with storage levels above the five-year average and seasonal patterns impacting Antero Resources. Despite recent volatility, Antero Resources is financially strong, with free cash flow expected to reach at least $600 million in 2025. Production cuts in Haynesville and increased LNG demand may support prices, but European gas prices face downside risk from high inventories and weak demand.

SALT LAKE CITY--(BUSINESS WIRE)--BRC Inc. (NYSE: BRCC), a Veteran-founded, mission-driven premium beverage company, today announced the pricing of an underwritten offering of 28,000,000 shares of Class A Common Stock at a price to the public of $1.25 per share. The gross proceeds from this offering are expected to be approximately $35 million, before deducting underwriting discounts and commissions and other offering expenses payable by BRCC, and assuming no exercise of the underwriter's option.

Meta is making massive AI investments, aiming to become a leading AI powerhouse and compete with OpenAI and other peers. Despite potentially facing near-term margin pressure from heavy spending, I see long-term value in Meta's enterprise AI strategy and closed model monetization. Given the growth outlook and AI initiatives, I reiterate my BUY rating with a $775/share target, valuing META at 18.11x eFY26 EV/EBITDA.

Patrick Moorhead of Moor Insights & Strategy says Nvidia's efforts to continue selling in the Chinese market is an attempt at setting a global standard for the chip ecosystem. He also talks about what keeps China from catching up on the data center AI side.

Verizon remains a Buy, with ~18% undervaluation, a 6.5% dividend yield, and modest dividend growth supporting a defensive, income-focused thesis. My Diagonal Put options strategy delivered a 58% ROI in about three months, demonstrating the potential for outsized returns with active management. Verizon's financial position is solid, with steady EPS growth, debt reduction, and new growth drivers like the Frontier acquisition and AI Connect.

Prologis, Inc. (NYSE:PLD ) Q2 2025 Earnings Conference Call July 16, 2025 12:00 PM ET Company Participants Abhishek Castilla - Director of Investor Relations Christopher N. Caton - Senior VP & Global Head of Research Daniel Stephen Letter - President & Director Hamid R.

Nutex Health's financial turnaround is driven by IDR wins, robust revenue growth, and a superior urban microhospital model with industry-leading profitability. Shares are deeply undervalued at 2.1x EV/EBITDA and >30% FCF yield, with significant upside as the market underappreciates Nutex's earnings power and cash flow. Management's heavy insider ownership and consistent share purchases signal long-term commitment and confidence in the business model's sustainability.