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Baxter International Appoints John Rogers as CFO
Baxter International announced it has appointed John Rogers as executive vice president and chief financial officer, CFO, reporting to Baxter president and chief executive officer, CEO, Andrew Hider, effective Oct. 1, 2026. Rogers joins Baxter from Smith+Nephew where he has served as CFO since 2024
Baxter International Launches Cash Tender Offers Up to $500M
Baxter International has commenced cash tender offers for the maximum principal amount of validly tendered notes set forth, such that the aggregate purchase price, not including accrued and unpaid interest, payable in respect of such Notes will not exceed $500M. The terms and conditions of the Offers are being made pursuant to an Offer to Purchase, dated Aug. 4, 2026.
Microsoft's Strong Earnings Boosts Stock Futures Rebound
Stock futures are rebounding Thursday after Wednesday's volatile session, as a strong earnings report from Microsoft helped restore confidence in the artificial intelligence trade and offset lingering uncertainty following the Federal Reserve's latest policy decision.The Federal Reserve left interest rates unchanged on Wednesday, as widely expected, but markets were unsettled by signs of growing disagreement among policymakers and Fed Chair Kevin Warsh's reluctance to provide clear forward guidance on the path of monetary policy. Treasury yields climbed following the decision, with the 30-year Treasury yield reaching its highest level in nearly two decades, reflecting persistent concerns about inflation and the outlook for rates.Corporate earnings remain the primary catalyst for markets. Microsoft shares are surging in premarket trading after the software giant reported stronger-than-expected quarterly results, projected robust current-quarter sales and cloud growth, and reassured investors with a lower-than-feared capital expenditure outlook. The results helped ease recent concerns that soaring AI-related spending was outpacing returns. Not all technology earnings were well received, however, as Meta Platforms is trading sharply lower after reporting a steep decline in free cash flow tied to heavy AI investment.In pre-market trading, S&P 500 futures rose 0.58%, Nasdaq futures rose 1.60% and Dow futures rose 0.35%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -MarketAxessup 30% after Intercontinental Exchangeannounced a definitive agreement to acquire the company for $167 per share in cashUP AFTER EARNINGS -Baxterup 14%Quanta Servicesup 13%Lam Researchup 13%Fortinetup 12%Microsoftup 9%Chipotleup 7%ING Groepup 5%Lloyds Bankingup 4%Starbucksup 4%Oil Statesup 3%Shellup 2%Wescoup 1%Bristol Myersup 1%DOWN AFTER EARNINGS -Teladocdown 19%Meta Platformsdown 9%Sirius XMdown 8%Check Pointdown 8%Carvanadown 8%AMC Networksdown 6%Norwegian Cruise Linedown 6%Sanofidown 5%Altria Groupdown 3%Qualcommdown 3%AB InBevdown 2%
Company Raises Full-Year Financial Outlook to $1.91
Consensus $1.91. The company raised its full-year financial outlook: Reported sales growth from continuing operations: 3% to 4%, previously flat to 1%. Organic sales growth from continuing operations: 2% to 3%, previously approximately flat.
Baxter Reports Q2 Revenue of $2.96B, Exceeding Expectations
Reports Q2 revenue $2.96B, consensus $2.8B. "Our second-quarter results exceeded expectations on both the top and bottom lines, driven by both operating performance and an additional benefit from a tariff refund that was not previously contemplated in our guidance," said Andrew Hider, president and CEO. "While we're encouraged by this steady progress and core operating momentum, we remain focused on the work ahead. Guided by the Baxter Growth and Performance System (GPS), we're focused on further stabilizing the business, strengthening the balance sheet and driving a culture of continuous improvement as we build a stronger, more resilient company."
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