Flagship Minerals Defines Tungsten Exploration Target at Khao Soon Project in Thailand

Flagstar Bank (NYSE:FLG) reported Q2 2026 net income of $34 million versus a year-ago loss, issued 2026-2027 earnings guidance, and declared quarterly dividends on common and preferred stock. The bank authorized up to $250 million in share repurchases over 12 months, citing a shift from commercial real estate toward commercial and industrial lending. The article also cites 2029 revenue of $3.6 billion and earnings of $1.4 billion.

FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 a2q2026earningsrelease.htm EX-99.1 Document 102 Duffy Avenue, Hicksville, NY 11801 ● Phone: (516) 683-4420 ● flagstar.com FLAGSTAR BANK REPORTS SECOND QUARTER 2026 NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.06 PER DILUTED SHARE AND ADJUSTED NET INCOME ATTRIBUT

Galp Energia and Equinor have been awarded an offshore oil block in Brazil's Santos Basin. Galp will own 30% of the Rodocrosita block, with Equinor operating the remaining 70%. The companies may explore synergies with the adjacent Bacalhau project, which is ramping up production and will contribute 40,000 barrels per day to Galp once fully operational.

Pinterest (PINS) appointed Amazon's James Dibbo as its new CFO. The company's stock has shown mixed performance, with a recent 7-day return of 7.52% but a 1-year return of -36.11%. Analysts have varying views on its valuation, with some seeing it as undervalued at $20.31 per share compared to a fair value estimate of $29.05, while others note its high P/E ratio of 46.2x.

Shanghai Allist Pharmaceuticals (SS:688578) shares dropped 20% after its U.S. partner ArriVent Biopharma (NASDAQ:AVBP) reported that a late-stage trial of lung cancer drug firmonertinib failed to meet its primary endpoint. The drug did not show a statistically significant improvement in progression-free survival for patients with non-small cell lung cancer.

Wells Fargo raised its 12-month price target for Meta Platforms (META) to $1,000 from $796, maintaining an 'Overweight' rating. The company reported a 28% revenue increase to $60.8 billion in Q2 2026, but faces risks from high capital expenditure and regulatory pressures.