Lianhe Sowell Recognized as a "Specialized and Innovative Little Giant" Enterprise by the Ministry of Industry and Information Technology of China

Lianhe Sowell International Group (NASDAQ:LHSW) shares rose 24.3% after pricing an $11M offering. The deal includes 7.6M units at $1.44 each, with each unit comprising one share and three warrants. Proceeds will fund R&D, market expansion, and working capital. The offering is expected to close by September 3, 2026.

In 2025, President Trump ordered the development of Golden Dome, a missile defense system with space-based interceptors. The Pentagon awarded $3.2B to 12 companies, including Booz Allen, to develop boost-phase defenses. Booz Allen proposed 'Brilliant Swarms,' a system of 2,000 small interceptor-satellites costing $25B to deploy. The system aims to intercept missiles before they release warheads and decoys, addressing threats from Russia and China. Critics argue such systems are costly and may no

BofA Securities raised GitLab's price target to $54 from $45, keeping a neutral rating. Morgan Stanley also increased its target to $57 from $30, maintaining an equal weight rating. GitLab's stock is currently trading at $45.09, down 3.12% on the day.

Bank of America downgraded Amrize to Underperform, cutting its price target to $40 from $50 due to slower earnings growth, market risks, and valuation concerns. The brokerage lowered its 2027-28 adjusted EBITDA and EPS estimates, citing stable U.S. cement prices, Canadian demand pressure from U.S. tariffs, and vulnerable roofing margins. BofA forecasts adjusted EBITDA growth of 3% and adjusted EPS growth of 6% annually over 2026-28, excluding large acquisitions. The bank also trimmed its buildin

J.P. Morgan downgraded NIO (NIO) to Neutral, cutting its price target to $4.50 from $7.00 due to weak demand in China's passenger-vehicle market and intensifying competition. The brokerage cited cost pressures and moderating growth, forecasting lower revenue and earnings. NIO's Q2 vehicle gross margin was 18.5%, but further pressure is expected. J.P. Morgan prefers BYD and Geely among Chinese automakers.

PG&E Corporation (PCG) announced a strategic review to evaluate its structure and financing options, aiming to reduce costs and attract investment. The company plans to defer $2 billion of 2027 investments, reducing debt financing needs. PG&E reaffirmed its 2026 earnings guidance of $1.64-$1.66 per share and initiated 2027 guidance of $1.78-$1.82 per share. The review seeks to maintain safety, improve affordability, and strengthen reliability.