Key News
1. White House National Economic Council Director Hassett: US economic growth is projected to be around 4% in the second half of the year.
2. US ADP employment increased by 98,000 in June, the lowest increase since March.
3. Iran says it will initiate negotiations on a final Iran-US agreement at an appropriate time.
Stock News
1. SoftBank: Invests another $10 billion in OpenAI.
2. Microsoft (MSFT.O) plans another round of layoffs, affecting thousands of jobs.
3. XPeng Motors (XPEV.N) rose over 3% pre-market; the company delivered 40,126 new cars in June, a year-on-year increase of 15.9%.
4. Paramount Skydance (PSKY.O) submitted antitrust remedies to the EU, taking another step forward in its $110 billion acquisition deal.
5. Michael Burry, the inspiration for the TV show "The Big Short," said on Tuesday that he has established a short position in Caterpillar (CAT.N).
6. Micron Technology (MU.O): Signed a strategic customer agreement with General Motors (GM.N) to secure long-term memory and storage supplies.
7. Meta Platforms (META.O) rose over 7% pre-market after reports that it is selling surplus AI computing resources.
8. Tesla (TSLA.O): The first mass-produced Cybercab self-driving electric car has begun engineering testing in Austin, Texas.
9. Alcoa (AA.N) has agreed to acquire South32 Ltd.'s bauxite, alumina, and aluminum assets for up to $5.6 billion.
