Union Pacific Explores Deal for Norfolk Southern, WSJ Says
The talks are at an early stage and there's no guarantee they will reach a deal, according to the report, which cited unidentified people familiar with the matter.
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Easing Trade Tensions Boost Stocks but Chip Stocks Slide
The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.45%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.14%. September E-mini S&P futures (ESU25) are up +0.26%, and September E-mini Nasdaq futures (NQU25) are down -0.15%. Stock indexes today are mixed, with the Dow Jones Industrials posting a 2-week high. Stocks found support today on some positive trade news that has boosted market sentiment. President Trump announced a trade deal with Japan late Tuesday, which will impose 15% tariffs on imports from Japan, lower than the previously announced 25% rate set to take effect on August 1. The deal also creates a $550 billion fund for Japan to invest in the US. Japan also agreed to purchase 100 Boeing aircraft, increase its purchases of US rice by 75%, and buy $8 billion in other agricultural products, while raising its defense spending with American firms to $17 billion annually, from $14 billion. More News from Barchart Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer Dear Microsoft Stock Fans, Mark Your Calendars for July 30 Dear QuantumScape Stock Fans, Mark Your Calendars for July 23 Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. However, the Nasdaq 100 index is under pressure today due to weakness in auto-related chip makers, led by a -12% plunge in Texas Instruments after company executives on an earnings call said there isn't a 'true broad recovery' in the automotive sector, as automotive customers who ship into the US are cautious due to tariffs. Today's US economic news was bearish for stocks after June existing home sales fell -2.7% m/m to a 9-month low of 3.93 million, weaker than expectations of -0.7% to 4.00 million. US MBA mortgage applications rose +0.8% in the week ended July 18, with the purchase mortgage sub-index up +3.4% and the refinancing sub-index down -2.6%. The average 30-year fixed rate mortgage rose +2 bp to 6.84% from 6.82% in the prior week. Recent trade news has put some downward pressure on stocks. Last Wednesday, President Trump announced that he intends to send a tariff letter to more than 150 countries, notifying them that their tariff rates could be 10% or 15%, effective August 1. Also, President Trump recently announced that the US will impose 30% tariffs on US imports from the European Union and Mexico, effective August 1. In addition, Mr. Trump said that a 35% tariff on some Canadian products would take effect on August 1, up from the current 25%. The markets this week will focus on any tariff news along with the announcement of any new trade deals. After today's close, Alphabet and Tesla will release their quarterly earnings. On Thursday, weekly initial unemployment claims are expected to climb by +5,000 to 226,000. Also, the July S&P US manufacturing PMI is expected to slip -0.2 to 52.7. Finally, on Thursday, June new home sales are expected to climb +4.3% m/m to 650,000. On Friday, June capital goods new orders nondefense ex-aircraft and parts are expected to increase by +0.2% m/m. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 5% at the July 29-30 FOMC meeting and 58% at the following meeting on September 16-17. The markets are absorbing a heavy slate of quarterly corporate earnings results this week. About one-fifth of the companies in the S&P 500 are expected to report their Q2 earnings results this week. Early results now show S&P 500 earnings are on track to rise +3.2% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research. Overseas stock markets today are higher. The Euro Stoxx 50 is up +0.88%. China's Shanghai Composite rose to a new 9.5-month high and closed up +0.01%. Japan's Nikkei Stock 225 rallied to a 1-year high and closed up sharply by +3.51%. Interest Rates September 10-year T-notes (ZNU25) today are down -8 ticks. The 10-year T-note yield is up +3.0 bp to 4.374%. T-notes are retreating today after the announcement of a trade deal between Japan and the US reduced safe-haven demand for government debt. Supply pressures are also weighing on T-notes as the Treasury will auction $13 billion of 20-year T-bonds later today. Losses in T-notes are contained after US existing home sales fell more than expected to a 9-month low, a dovish factor for Fed policy. T-note prices also have support as the US 10-year breakeven inflation rate fell to a 1-week low today of 2.386%. European government bond yields today are moving higher. The 10-year German bund yield is up +1.4 bp to 2.604%. The 10-year UK gilt yield is up +4.2 bp to 4.611%. Swaps are discounting the chances at 2% for a -25 bp rate cut by the ECB at Thursday's policy meeting. US Stock Movers Power producers are climbing today after PJM Interconnection LLC predicted that the AI boom will prompt businesses and households served by the largest US power grid to spend a record $16.1 billion to ensure electricity supplies, which could support utility profit margins. Talen Energy (TLN) is up more than +8% and Vistra (VST) is up more than +6%. Also, NRG Energy (NRG) is up more than +5% and Constellation Group (CEG) is up more than +4%. Weakness in shares of automotive and industrial chipmakers is limiting gains in the Nasdaq 100, with Texas Instruments (TXN) down more than -12% to lead losers in the Nasdaq 100 after company executives on an earnings call said there isn't a 'true broad recovery' in the automotive sector as automotive customers who ship into the US are cautious due to tariffs. Also, ON Semiconductor (ON) is down more than -7% and Microchip Technology (MCHP) is down more than -6%. In addition, NXP Semiconductors (NXPI), Analog Devices (ADI), and Global Foundries (GFS) are down more than -2%. Lamb Weston Holdings (LW) is up more than +20% to lead gainers in the S&P 500 after reporting Q4 net sales of $1.68 billion, stronger than the consensus of $1.59 billion. GE Vernova (GEV) is up more than +14% after reporting Q2 revenue of $9.11 billion, stronger than the consensus of $8.80 billion. Thermo Fisher Scientific (TMO) is up more than +13% after reporting Q2 revenue of $10.86 billion, above the consensus of $10.69 billion, and forecasting full-year sales of $43.6 billion-$44.2 billion, the midpoint above the consensus of $43.7 billion. Lennox International (LII) is up more than +9% after reporting Q2 adjusted EPS of $7.82, well above the consensus of $6.89. TE Connectivity Plc (TEL) is up more than +8% after reporting Q3 net sales of $4.53 billion, better than the consensus of $4.33 billion, and forecasting Q4 net sales of $4.55 billion, above the consensus of $4.42 billion. Baker Hughes (BKR) is up more than +7% to lead gainers in the Nasdaq 100 after reporting Q2 revenue of $6.91 billion, stronger than the consensus of $6.64 billion. Capital One Financial (COF) is up more than +1% after reporting Q2 net revenue of $12.49 billion, above the consensus of $11.84 billion. Fiserv (FI) is down more than -17% to lead losers in the S&P 500 after reporting Q2 organic revenue grew +8.00%, below the consensus of +8.91%. Otis Worldwide (OTIS) is down more than -11% after reporting Q2 net sales of $3.60 billion, below the consensus of $3.71 million, and cutting its full-year net sales forecast to $114.5 billion to $14.6 billion from a previous estimate of $14.6 billion to $14.8 billion, weaker than the consensus of $14.72 billion. Teledyne Technologies (TDY) is down more than -5% after forecasting full-year adjusted EPS of $21.20-$21.50, the midpoint below the consensus of $21.42. Unity Software (U) is down more than -3% after BTIG downgraded the stock to sell from neutral with a price target of $25. Northern Trust Corp (NTRS) is down more than -3% after reporting Q2 provision for credit losses of $16.5 million, well above the consensus of $4.31 million. Hilton Worldwide Holdings (HLT) is down more than -1% after cutting its full-year net income forecast to $1.64 billion to $1.68 billion from a previous forecast of $1.71 billion to $1.75 billion. Earnings Reports (7/23/2025) Alphabet Inc (GOOGL), Amphenol Corp (APH), AT&T Inc (T), Boston Scientific Corp (BSX), Chipotle Mexican Grill Inc (CMG), CME Group Inc (CME), Crown Castle Inc (CCI), CSX Corp (CSX), Fiserv Inc (FI), Freeport-McMoRan Inc (FCX), GE Vernova Inc (GEV), General Dynamics Corp (GD), Globe Life Inc (GL), Hasbro Inc (HAS), Hilton Worldwide Holdings Inc (HLT), International Business Machine (IBM), Lamb Weston Holdings Inc (LW), Las Vegas Sands Corp (LVS), Lennox International Inc (LII), Molina Healthcare Inc (MOH), Moody's Corp (MCO), NextEra Energy Inc (NEE), Northern Trust Corp (NTRS), NVR Inc (NVR), O'Reilly Automotive Inc (ORLY), Otis Worldwide Corp (OTIS), Packaging Corp of America (PKG), Raymond James Financial Inc (RJF), Rollins Inc (ROL), ServiceNow Inc (NOW), TE Connectivity PLC (TEL), Teledyne Technologies Inc (TDY), Tesla Inc (TSLA), Thermo Fisher Scientific Inc (TMO), T-Mobile US Inc (TMUS), United Rentals Inc (URI). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
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Citi Maintained a Buy Rating on Sana Biotechnology (SANA)
Sana Biotechnology, Inc. (NASDAQ:SANA) is one of the . On July 2, Citi analyst Samantha Semenkow maintained a Buy rating on Sana Biotechnology, Inc. (NASDAQ:SANA) with a price target of $15. The analyst believes the company has the potential to address major market needs. One of the key factors is Sana Biotechnology, Inc.'s (NASDAQ:SANA) Type 1 Diabetes (T1D) program, which has delivered encouraging six-month data. The data shows successful graft survival and steady c-peptide production without requiring immunosuppression. The analyst noted that such consistency builds confidence in the company's T1D asset, SC451, which could move toward an IND filing as early as 2026. A scientist working with a microscope in a laboratory, focusing on a cell of a medical experiment. Moreover, Semenkow also highlighted the company's progress in its allogeneic CAR-T platform. She expects forthcoming data on the hypoimmune-modified CAR-T assets to provide important insights, particularly those targeting autoimmune diseases and relapsed NHL. Sana Biotechnology, Inc. (NASDAQ:SANA) develops engineered cell-based medicines to treat diseases with unmet needs. The company's work focuses on therapies for type 1 diabetes, autoimmune diseases, and cancer. While we acknowledge the potential of SANA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
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28 Credit Unions Celebrate 25th Anniversary of Annual Golf Tournament, Raise Over $2.1 Million for Children's Miracle Network Hospitals
Credit unions and industry partners team up to support medical research and care for pediatric patients SAN JOSE, Calif. and HILLSBORO, Ore., July 23, 2025 /PRNewswire/ -- First Tech Federal Credit Union (First Tech) marked the 25th anniversary of the Credit Unions for Kids (CU4Kids) Northwest Classic golf tournament, uniting First Tech employees and members, credit unions, and business leaders nationwide to raise $2,134,809 in support of children and families receiving care at Children's Miracle Network Hospitals (CMN Hospitals). Over the last 25 years, the CU4Kids Northwest Classic has grown into one of the largest credit union-sponsored events benefiting CU4Kids and ranks among the top five fundraising contributors supporting CMN Hospitals. Through combined efforts from the annual tournament and year-round campaigns, credit unions have raised over $200 million since inception. These funds play a critical role in advancing pediatric cancer research, developing innovative treatments, and providing compassionate care to young patients. This year's campaign was bolstered by a collaborative member fundraising campaign, where First Tech in concert with 11 Oregon and Southwest Washington credit unions collectively launched a pop-up on their online banking platforms throughout the month of June. Additionally, First Tech double-matched employee donations and single-matched member donations throughout the month of June. Altogether, these contributions alone added more than $320,000 to the campaign's total. "Each year, I am deeply moved by the extraordinary generosity of the employees, members, credit union leaders and corporate sponsors who open their hearts and wallets in support of sick kids and their families. This year was especially meaningful as we marked our twenty-fifth anniversary, while cresting more than $2.1 million in cumulative donations," said Greg Mitchell, President and CEO of First Tech. "Freely sharing our time, talent and treasures in service to others in need brings hope to kids and families while brightening hearts of donors and bringing much needed light and hope into our homes, communities and society." CMN Hospital partners are nationally recognized for their excellence in pediatric cancer research, innovative treatments, and exceptional patient services. Beneficiaries of this year's fundraising include: Seattle Children's Hospital (Seattle, Washington) OHSU Doernbecher Children's Hospital (Portland, Oregon) PeaceHealth Sacred Heart Children's Hospital – Riverbend (Springfield, Oregon) UC Davis Children's Hospital (Sacramento, California) UCSF Benioff Children's Hospital – Oakland (Oakland, California) Children's Hospital Colorado (Aurora, Colorado) "Each year, we are amazed by the success of the CU4Kids Northwest Classic," said Nick Coleman, Director of Credit Unions for Kids at CMN Hospitals. "We are truly grateful for the passion, time, and heart that all 28 credit unions bring to supporting CU4Kids. Your commitment is what transforms this golf tournament into a powerful force for good in the lives of children and families." This year's tournament was made possible through the generous support of presenting sponsors, EvonSys and Splash Financial, alongside more than 150 organizations and credit union partners, including: ABM Alloya Corporate Federal Credit Union Bank Fund Credit Union BECU Central Willamette Community Credit Union Columbia Credit Union Community Financial Credit Union Configure/AT&T Consolidated Community Credit Union Decision Minds Digital Federal Credit Union Everwise Credit Union EvonSys Fibre Federal Credit Union First Entertainment Credit Union Fiserv FourLeaf Federal Credit Union HAPO Community Credit Union InRoads Credit Union iQ Credit Union LPL Financial Mastercard Nexturn, Inc OnPoint Community Credit Union Orange County's Credit Union Oregon State Credit Union Partners Federal Credit Union Premier America Credit Union Raymond James Red Canoe Credit Union Rivermark Community Credit Union SchoolsFirst Federal Credit Union Splash Financial Stanford Federal Credit Union Teachers Federal Credit Union TruStage Unitus Community Credit Union Valley Strong Credit Union Velera Westerra Credit Union For more information about First Tech's community impact and support of charitable initiatives, please visit ABOUT CREDIT UNIONS FOR KIDS AND CHILDREN'S MIRACLE NETWORK HOSPITALS® Children's Miracle Network Hospitals® raises funds and awareness for 170 member hospitals that treat 12 million kids a year across the U.S. and Canada. Donations stay local to fund critical treatments and healthcare services, pediatric medical equipment and charitable care. Since 1983, Children's Miracle Network Hospitals has raised more than $9 billion. One of CMN Hospitals most successful partnerships is Credit Unions for Kids. This is a nonprofit collaboration of credit unions, chapters, leagues/associations and business partners from across the country, engaged in fundraising activities. Adopted as the CU4Kids movement's charity of choice, credit unions are the 5th largest sponsor of CMN Hospitals. Since 1996, CU4Kids has raised more than $200 million for Children's Miracle Network Hospitals. Find out why children's hospitals need community support, identify your member hospital and learn how you can Change Kids Health to Change the Future, at and ABOUT FIRST TECH FEDERAL CREDIT UNION First Tech Federal Credit Union is a nearly $17 billion institution headquartered in San Jose, California. The nation's premier credit union serves the world's leading technology-oriented companies and their employees, including HP Inc., Hewlett Packard Enterprise, Microsoft, Agilent, Intel, Cisco, Amazon, Nike, Intuit, Google, and more. First Tech is recognized as the industry catalyst for delivering effortless banking experiences to more than 700,000 members through its 31 branch locations, more than 5,600 CO-OP Shared Branch locations, 30,000 CO-OP Network ATMs, and online platforms. First Tech offers a full range of financial services, including traditional banking, online banking, mortgages, financial planning, various consumer loans, and insurance services. Federally insured by NCUA. Equal Housing Lender. For more information, visit FIRST TECH and the First Tech logo are trademarks or registered trademarks of First Technology Federal Credit Union. All other trademarks are the property of their respective owners. CONTACT Sophia Gilbert The Hoffman Agency (541) 521-2459 firsttech@ View original content to download multimedia: SOURCE First Tech Federal Credit Union Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
