WiMi Studies Quantum Dilated Convolutional Neural Network Architecture - WiMi Hologram Cloud (NASDAQ:WIMI)

Phillips 66 and Kinder Morgan reached a final investment decision for the $5 billion Western Gateway Pipeline to ship gasoline and other refined products from Texas to Arizona and California. Phillips 66 will own 49.9%, Kinder Morgan 35.1%, and HF Sinclair 15% via the JV. The project links multiple refineries to terminals in El Paso, Tucson/Phoenix, Colton and Las Vegas.

On Aug. 3, the Pentagon awarded Lockheed Martin (LMT) and Northrop Grumman (NOC) a combined $3B+ deal to expand production of Patriot and THAAD interceptor missile parts. It includes a $2B framework for PAC-3 MSE components and a $1B agreement to expand THAAD component supply over seven years, aiming to triple Patriot and quadruple THAAD output.

Samsung Electronics, according to the article, has settled longstanding patent litigation with Netlist. The agreement includes a five-year cross-licensing and commercial deal covering patent fees, product supply arrangements, and Samsung’s equity investment in Netlist. The settlement ends disputes across jurisdictions and is linked to memory IP and AI/data-center technology relationships.

Ford plans to shift production of some Lincoln models from China to the US starting in 2030, according to CEO Jim Farley and Reuters. Tariffs on China-made vehicles, including a 52.5% duty on the Lincoln Nautilus, plus Connected Vehicle Rule limits, are cited. Ford sold about 34,000 Nautilus units in the US last year.

Australia will provide A$2.5 billion ($1.76 billion) to help keep Rio Tinto’s Tomago aluminum smelter operating beyond 2028 as it shifts to renewables. The package, jointly funded by federal and NSW governments, supports 3 GW of new generation and a power purchase agreement for 100% renewable electricity from 2033. Rio Tinto says emissions will fall 25% and Tomago will invest at least A$1.1 billion.

ECARX (NASDAQ:ECX) said it has expanded global R&D, with about 800 to 900 employees in China, ~200 in Europe, and ~150 in East and Southeast Asia, including sites supporting Volvo and other automakers. The company updated revenue guidance to $1.1B to $1.2B, cited Q2 revenue of $225M and gross margin near 20%, and targets AI silicon and software investments.