Magna delivers solid quarter as sales rise to $11 billion
Magna (NYSE:MGA) reported second-quarter 2026 sales of $11 billion, up 3% year over year, outperforming a 2% decline in global light vehicle production.
Magna (NYSE:MGA) reported second-quarter 2026 sales of $11 billion, up 3% year over year, outperforming a 2% decline in global light vehicle production.
Portland General Electric (NYSE:POR) reported second-quarter 2026 GAAP net income of $68 million, or $0.59 per diluted share, compared with $62 million, or $0.56 per share, in the prior-year quarter.
Compañía de Minas Buenaventura (NYSE:BVN) reported second-quarter 2026 net income of $260.6 million, compared with $98.2 million in the prior-year quarter, as gold production increased during the period.
Kyivstar Group (NASDAQ:KYIV) reported second-quarter 2026 revenue of $339 million, up 19.3% year over year, as digital services growth contributed to higher group performance.
VEON (NASDAQ:VEON) reported second-quarter 2026 revenue of $1.27 billion, up 17% year over year, as digital services growth supported overall performance.
Datroway (datopotamab deruxtecan), developed by Daiichi Sankyo and AstraZeneca (NYSE:AZN), received European Union approval as a monotherapy treatment for adults with unresectable or metastatic triple negative breast cancer who are not candidates for PD-1/PD-L1 inhibitor therapy.
Sony Group (NYSE:SONY) reported fiscal first-quarter 2026 net profit of ¥342.2 billion, up 32% year over year, as revenue increased across several business areas.
Anna Edwards, Guy Johnson and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
President Trump says his US-led Board of Peace has reached a deal to disarm Hamas and other armed groups in Gaza and establish a new Palestinian government. Hamas has agreed to the deal. Ian Parmeter, former Australian ambassador to Lebanon & Research Scholar at the Australian National University's Center for Arab and Islamic studies spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on whether President Trump will claim this as a win in his bid to end wars.
The Bank of Japan has kept its rate policy unchanged and nudged its economic growth forecast higher. Officials stop short of confirming an intervention that drove the yen sharply higher. Hiromi Ishihara, Head of equity investment at Amundi Japan told Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa what investors are watching out for.
Situational Awareness, Leopold Aschenbrenner's hedge fund, was forced to sell billions of dollars of technology investments that had rapidly lost value, as nervous banks began to demand more collateral for his trades. Ken Griffin's Citadel hedge fund reached out to Situational Awareness and snapped up the investments at a discount, according to a person familiar with the matter. Bloomberg's Anthony Stephens reports.
A big week of earnings results for some of the world's most influential companies has been underscored by the global AI infrastructure buildout, tightening supply chains and ongoing geopolitical uncertainty. The Opening Trade spoke to CEOs and corporate heavy weights to get clarity on their second-half outlook and whether they remain optimistic on returns from their AI investments.