- Tesla is considering a sale or spin-off of its China business due to geopolitical concerns, while Amazon reported a 37% increase in second-quarter AWS sales.
- Bank of America announced plans to acquire cybersecurity firm MDSec, and Coinbase swung to a second-quarter loss with revenue falling 19% to $1.22 billion.
- Reddit posted a higher second-quarter profit of $253 million driven by growing advertising revenue, and Live Nation reported 9% quarterly revenue growth.
