Walmart $WMT, Amazon $AMZN, and T.J. Maxx owner $TJX are thriving in the tariff economy by offering great deals. Walmart absorbs tariff costs, TJX buys excess inventory, and Amazon enhances its delivery network, reports WSJ.

Alibaba $BABA gets initial approval from Hong Kong stock exchange to spin off its Banma Network Technology unit via IPO, reducing its stake from 44.72% to 30%, reports SCMP.

Starbucks $SBUX stock rises as it moves closer to selling a $10B stake in its China business. Potential bidders include Carlyle $CG, EQT $EQT, and Tencent $TCEHY. The sale aims to retain a meaningful stake while adding like-minded partners. Source: Reuters

Nvidia $NVDA CEO Jensen Huang is addressing China's concerns over AI chip security. Despite U.S. approval to sell H20 semiconductors in China, the Cyberspace Administration of China raised issues about potential "backdoor" functions. (Source: NYT)

DBS Bank analyst Nico Chen upgrades Novo Nordisk $NVO to Hold from Sell, setting a price target of DKK 340.

Roblox $RBLX rises 2% pre-market as Wolfe Research upgrades to Buy with a $150 target. Analyst Shweta Khajuria cites regional pricing and ad opportunities as key growth drivers, boosting 2026 bookings and EBITDA estimates.

Cenovus Energy $CVE rises 1% after announcing a C$7.9B deal to acquire MEG Energy. Meanwhile, $IXHL jumps 34% following a $20M share repurchase program announcement. Markets steady as investors await Fed Chair Powell's speech.

Tempus $TEM to acquire Paige for $81.25M, enhancing its AI capabilities in digital pathology. The deal includes Tempus common stock and assumes Paige's Microsoft Azure commitments.

Barclays upgrades $ULTA to Overweight with a new price target of $589, citing sustainable positive comps and margin expansion. Meanwhile, Wolfe Research boosts $RBLX to Outperform, seeing benefits from platform improvements.

Tempus AI $TEM shares surge on strategic expansions, including a $200M data deal with AstraZeneca and new healthcare diagnostics initiatives. BTIG raises price target to $85, citing strong growth in data and genomics revenue. Current market cap: $12.7B.

Meta $META continues its AI talent acquisition by hiring Apple's Frank Chu, despite a hiring freeze. This move highlights Meta's aggressive push in AI, even as it pauses hiring due to cost concerns. Analysts maintain a Strong Buy rating. Source: Bloomberg

$NKE rises on strong demand in China. $EEIQ surges with impressive H1 growth. $NEGG rallies on robust revenue gains. $RBLX upgraded to Buy by Wolfe Research. $UI soars on Q4 earnings beat. $IP climbs on strategic job cuts. $TSLA gains with Cybertruck price hike.

Eli Lilly $LLY updates on its CAMPFIRE study, a pioneering effort in pediatric cancer research. By streamlining trials, it aims to expedite treatments for young patients. Success could boost investor sentiment and strengthen its position in oncology.

Waymo, backed by $GOOGL, gets the green light to test autonomous vehicles in NYC. Testing up to 8 AVs in Manhattan and Brooklyn, Waymo aims to expand its national presence. NYC's first AV rollout requires a human driver onboard.

Apple $AAPL is in early talks with Google $GOOGL to use Google Gemini AI for a revamped Siri by 2026, reports Bloomberg. Google is training a model that could run on Apple's servers, aiming to enhance the voice assistant's capabilities.

Apple $AAPL is in early talks with Google $GOOGL to use Google Gemini AI for a revamped Siri by 2026, Bloomberg reports. Google is training a model that could run on Apple's servers, potentially enhancing Siri's capabilities.

Markets Rally After Powell Signals September Rate Cuts U.S. stocks surged following Federal Reserve Chair Jerome Powell’s Jackson Hole speech, where he hinted at potential interest rate cuts at the September 16-17 FOMC meeting. The Dow Jones Industrial Average soared to a record

Evercore's Mark Lipacis raises Nvidia $NVDA price target to $214, reiterating Buy rating ahead of Q2 FY26 earnings. Highlights attractive valuation and strong AI demand. NVDA up 32% YTD. Analysts expect 48% EPS growth in 2025.

Wells Fargo double upgrades Cogent $CCOI to Overweight, citing a favorable risk/reward profile and potential upside from asset sales. UBS upgrades $CVS to Buy, highlighting strong execution and a compelling valuation. BofA upgrades $PANW to Buy after impressive Q4 results. Piper

Roblox $RBLX sees insider stock sales as top execs cash in. Despite this, Wolfe Research upgrades the stock to 'Outperform,' boosting shares by 2% to $117.30. Legal challenges loom, but growth prospects remain strong.