All You Need to Know About Adagene (ADAG) Rating Upgrade to Buy

Adagene (Nasdaq: ADAG) reported six months ended June 30, 2026 results and clinical updates on muzastotug (ADG126). Cash and equivalents were $127.9 million, extending runway into late 2028. Phase 1b/2 data in MSS CRC with pembrolizumab showed ORR 13% to 31% and median PFS 4.8 to 6.7 months, with Phase 2 results expected in 1H 2027.

Disney named Adam Smith chairman of its streaming business and Joe Earley president of Disney Entertainment Television Franchise and Content Strategy. Smith will oversee strategy and development for Disney's streaming platforms, including Disney+ and Hulu, as the company focuses on direct-to-consumer growth.

Disney promoted Adam Smith to chairman of direct-to-consumer, overseeing Disney+ and Hulu, while Joe Earley shifts to lead TV franchise and content strategy. Both report to Disney president Dana Walden. Smith joined Disney in 2024, previously at Google and YouTube. Earley, who joined in 2019, previously led Hulu and Disney+ marketing.

The U.S. approved a potential $24.3B sale of 48 Lockheed Martin F-35 fighter jets to Saudi Arabia, including engines and support equipment. The sale aims to bolster Saudi Arabia's defense capabilities and interoperability with U.S. forces, but faces objections from Israel. The deal is part of broader defense cooperation and Saudi Arabia's military modernization efforts under Vision 2030.

Victory Capital (VCTR) reported $356.469B in assets under management for August, up 3.3% from July, with ETF assets rising 12.4% to $23.474B. The company's second-quarter revenue was $435.4M with a 44.5% operating margin. However, the growth's durability depends on net inflows and fee economics, as market appreciation could have driven some gains.

The U.S. State Department approved a potential $24.3 billion sale of 48 F-35 fighter jets and related equipment to Saudi Arabia, involving Lockheed Martin and Pratt & Whitney. The deal aims to enhance Saudi Arabia's defense capabilities and regional interoperability, supporting U.S. national security objectives.