Masco Corp shares fell 11.5% in premarket trading after Q2 sales missed expectations.

Shanghai Municipal Commerce Commission and eight municipal departments on July 29 published implementation rules for the city’s 2026 consumer trade-in subsidy program. The rules grant a 15% subsidy, calculated on the final sale price after discounts, for nine smart-home product categories: smart cleaning robots (including robot vacuums and window cleaners), smart toilets (including smart lids), smart beds (including smart mattresses), functional sofas (including massage chairs), smart range hoods, smart home gas stoves (including integrated stoves), digital cameras (including action cameras), smart water purifiers and smart dishwashers. Subsidies are limited to one unit per consumer per category and capped at 1,500 yuan per item. Separate provisions cover eldercare home products: smart walking aids (including electric wheelchairs and exoskeleton robots) and similar products receive a 20% subsidy on the final sale price after discounts, one unit per consumer per category, capped at 2,000 yuan per item.

瑞银(UBS.N)：第二季度普通股一级资本（CET1）比率为14.4%，低于公司提供的市场一致预期14.66%。