Fortune – Tlicho Joint Venture to Receive up to $50 Million From Government of Canada First and Last Mile Fund

Fortuna Mining plans to invest $71 million in Argentina and Peru in 2026 to raise gold output and expand operations. It will spend $41 million at the Lindero gold mine in Argentina, targeting 92,000 to 102,000 oz in 2026. Fortuna also plans $29.9 million at Peru’s Caylloma mine, with 28% expansion progress and 2026 guidance of 29,000 to 33,000 GEO.

Jefferies analyst Akash Tewari upgraded Eli Lilly (LLY) to a Buy, raising its price target to $1,440 from $1,115.68. The article cites Q2 results: revenue about $23B vs $20.7B consensus, EPS $8.38 vs $6.68, and raised FY2026 guidance to $85-87B. It also notes Mounjaro and Zepbound beats and UK approval of Foundayo.

Pfizer agreed to a $44 million class-action settlement over Chantix, alleging the drug was contaminated with a nitrosamine due to alleged failures to follow current good manufacturing practices. The deal covers U.S. and territory purchases from Sept. 29, 2015 to Sept. 17, 2021, with claims due by Sept. 14, 2026, and a final approval hearing set for Oct. 13, 2026.

The U.S. Space Force’s Space Systems Command awarded a second task order under its Space-Based Sensing and Targeting portfolio totaling $615 million, as part of three initial firm-fixed-price other transaction agreements. Awardees include Rocket Lab and STR LLC, plus a third unnamed company. The program aims to diversify vendors and develop airborne moving-target indicator capabilities for the Joint Force.

Oracle is preparing another round of layoffs, according to Business Insider citing internal documents and people familiar with the plans. The company cut about 21,000 jobs, or 13%, in fiscal 2026 ended May 31. Oracle says AI adoption may reduce workforce. It invested $55.7B in infrastructure, recorded $1.84B severance, and expects ~$70B capex plus ~$40B more funding.

Brinker International reported continued Chili’s same-store sales growth for the fiscal year ended June 24, with 5% same-store sales growth driven mainly by Chili’s. Chili’s same-store sales rose 5.6%, helped by 4.3% pricing and a smaller traffic gain. Brinker posted Q4 revenues of $1.52B and net income of $131.1M, and FY revenues of $5.75B and net income of $487M.