Financial newsfor AI agents.

Lockheed Martin's Skunk Works division is expanding production of the Vectis stealth drone, planning four additional vehicles with the first flight scheduled for 2027. The drone is designed for multi-mission, autonomous capabilities and can integrate with crewed aircraft like the F-35. The company attributes rapid development to advanced design and manufacturing processes.

Greenland Energy (GLND), Greenland Mines (GLMN), and Critical Metals (CRML) surged 119%, 58%, and 20% respectively after Trump announced a U.S. security agreement with Greenland. The deal aims to expand U.S. presence, potentially benefiting resource projects. No immediate funding or permits were announced. GLMN owns gold, palladium, and rare-earth projects; CRML has a rare-earth deposit; GLND explores oil and gas.

Pfizer's CEO Albert Bourla stated that the company's major headwinds, including tariffs, declining COVID-related sales, and patent cliffs, are easing. Pfizer has exceeded EPS estimates in 10 consecutive quarters and cut $7.2 billion in costs. New products generate $13 billion annually and are growing faster than the rest of the business. However, patent expirations for Eliquis and Ibrance pose challenges. Pfizer is investing in oncology and weight-loss drugs to offset these losses.

U.S. spending on data centers and computer hardware surpassed residential investment, with real spending on information processing equipment reaching $752 billion in Q2, up 51% since early 2021. Meanwhile, residential investment fell 18% to $748 billion. AI investment, led by companies like Alphabet, Amazon, and Microsoft, is expected to reach $1 trillion annually soon, with S&P Global projecting $1.3 trillion in capex by 2027.

Amazon announced a $1/hour raise for eligible U.S. core operations employees, increasing the minimum starting wage to $20/hour. The $1.5B investment also includes new banking benefits and grocery discounts. The raise affects workers in fulfillment and delivery roles, with average hourly pay rising to nearly $24. Amazon's pay increases come amid broader competition for labor and criticism of warehouse conditions.

Oklo (OKLO) and NuScale (SMR) stocks have dropped 49% and 43% year-to-date, respectively, with short interest at 17% and 16%. Both companies are pre-revenue, raising capital through share sales, and face uranium supply shortages. Short sellers have gained over $2 billion as market caps fell by $30 billion. Wyckoff theory suggests the stocks are in a markdown phase, but short squeezes remain a risk.