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Alaska Air Posts Q2 Loss, Downgrades Q3 View

Alaska Air posted a second-quarter loss and forecast third-quarter earnings near or below Wall Street expectations as jet fuel costs stay high amid renewed Iran-related tensions, pressuring margins. The airline is diversifying fuel sourcing and raising fares to offset costs, with Q3 guidance ranging from break-even to about $1 a share and continued attention on fuel-driven earnings pressure.

14 sources

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Goldman Sachs launches private markets platform for wealthy clients

{"summary":"Goldman Sachs unveiled a new Alternative Investments Platform that combines its existing alternatives business with two dedicated teams to provide wealthy clients and family offices direct stakes in individual late-stage private companies and related liquidity services, underscoring a shift toward private markets. The firm is also launching a proprietary public-markets platform for upper-HNW clients to consolidate and optimize public-market strategies, signaling a broader push to offer integrated solutions across both private and public markets.","summary_sources":["https://www.europesays.com/us/950268/","https://www.citybiz.co/article/877353/goldman-sachs-expands-private-markets-access-for-wealthy-investors/","https://tradersunion.com/news/financial-news/show/2745183-goldman-sachs-private-markets-platform/","https://www.wealthmanagement.com/investment-news/goldman-launches-public-markets-trading-platform-for-wealth-managers"]}

8 sources

UN reports 144 migrants dead off Mauritania

The UNHCR reports 144 refugees and migrants dead or missing off Mauritania after perilous West Africa-to-Europe sea crossings, with three rescue operations between July 14–18 that saved 387 people. By 2026, about 2,147 individuals have been rescued in Nouadhibou and Nouakchott, while cross-Atlantic migration remains deadly even as overall arrivals to Europe grow more cautious.

9 sources

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PolyPid Secures $320M D-PLEX100 Deal in U.S., Canada

PolyPid inked an exclusive U.S. and Canada commercialization deal with Azurity for D-PLEX100 to prevent surgical site infections, unlocking $15 million upfront, another $15 million upon FDA NDA acceptance, and up to about $300 million in additional milestones, with royalties mid-teen to mid-twenties and a U.S. launch aimed for Q1 2027. The agreement follows positive Phase 3 SHIELD II results and FDA Breakthrough Therapy Designation, with PolyPid retaining non-U.S. rights and manufacturing while Azurity funds clinical development for potential label expansions.

6 sources

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Welspun Specialty Solutions posts Q1 profit, margins rise

Welspun Specialty Solutions posted Q1 FY27 revenue of about ₹194 crore and net profit of ₹5.16 crore, returning to profitability after a loss last year, aided by better operational efficiency and lower finance costs. Revenue dipped around 3-4% year-on-year to support EBITDA of ₹10.54 crore and expanded EBITDA margin to 5.4%, driven by stable demand in alloy and stainless steel for defense, energy, and heavy engineering sectors.

5 sources

Billington Announces £28m Contract Wins Across Three Sectors

Billington Holdings reports three contract wins totaling about £28 million, spanning a North-West London education campus, an energy-from-waste project in Eastern England, and a defence-sector initial instruction slated for delivery in 2027, reinforcing its focus on high-quality, complex structural steel projects. The updates come amid a challenging market with weak demand in the structural-steel sector, and alongside news of a potential closure of the Yate facility, underscoring pressure on profitability and the need to align capacity with subdued demand.

6 sources

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Samsung Galaxy Card debuts in US

Samsung, in partnership with Barclays and Visa, is launching the Samsung Galaxy Card as its first US credit card integrated into Samsung Wallet to streamline payments and financing for Samsung devices, with no annual fee and tiered cash back including 5% on Samsung purchases plus bonuses for using Samsung Wallet and streaming services. The rollout, timed around Samsung’s Unpacked event and set to begin July 22, expands digital-wallet native cards in the US and marks Barclays’ continued foray into such partnerships.

14 sources

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Trump Signs Proclamation to Boost US Aluminum Industry

President Trump moved to shore up domestic aluminum by directing the Commerce Secretary to create incentives for building, expanding, or refurbishing U.S. smelters and by pursuing onshoring plans that grant reduced tariffs for approved production. He also overhauled the Section 232 tariff regime to cut duties temporarily, expand country-specific carve-outs and broaden the definition of eligible products, part of a broader push to reinforce national security and the aluminum industrial base.