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Industry

Tesla posts record Q2 deliveries but focus turns to profitability in results due July 22

Tesla posted a record level of second-quarter vehicle deliveries, but market attention is on whether higher sales translated into better profitability. Tesla is to release its 2026 second-quarter results after the market close on July 22, with a conference call at 5:30 p.m. ET. Consensus estimates put revenue at $25.9 billion to $26.4 billion and adjusted EPS at $0.52 to $0.53, with wide forecasts reflecting uncertainty over discounting, financing support and margins.

Industry

U.S. biotech Axiom chooses Hong Kong over Nasdaq for first listing

U.S. biotech Axiom Biosciences has chosen Hong Kong, not a U.S. exchange, for its first stock market listing. The San Diego-based company is pursuing a Hong Kong listing in 2027 and is considering a secondary U.S. listing in 2029. Axiom expects Hong Kong to provide access to specialist biotech investors and expand cooperation with Asian clinical trial and commercialization partners amid shifting global biotech financing conditions.

Telecommunications & Media

Apple Upgrade to launch as early as July 28, ushering in monthly subscriptions for iPhones

Apple is expected to start a new subscription-style program, Apple Upgrade, as early as July 28, offering major iPhone, Mac, iPad and Apple Watch models on monthly payments. Bloomberg reported Apple is preparing the relaunch with financial services firm Klarna. The program is expected to allow upgrades during the contract and options to keep or return devices at lease end, with likely terms of 24 or 36 months.