News & Events zu Unusual Machines Inc (UMAC)UMACUnusual Machines Inc

Major Averages Broadly Lower Near Noon

The major averages were broadly lower near noon as investors continue to balance easing inflation pressures and strong corporate earnings against renewed geopolitical risks.The inflation backdrop remains supportive for equities. July CPI and PPI both came in softer than expected, reducing concerns that the Federal Reserve will need to raise interest rates at its September meeting. PPI was unchanged in July after declining 0.1% in June, while the latest CPI data showed inflation continuing to moderate. The market is increasingly focused on whether the combination of cooling inflation and a weakening labor market will give the Fed room to ease policy later this year.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Applied Materialsreportedand provided upbeat Q4 earnings guidanceU.S. President Donald Trumpand their parts and componentsRedditwasAvalonBayin the S&P 500 at the August 18 openTeslaredesigned Roadster may have flying capabilities,OpenAI is on pace to generate annualized revenue of over $40B based on its present performance,2. WALL STREET CALLS:New StreetMicronto Buy, sees multi-trillion market cap by 2030SanDiskwith a raised Overweight rating at JPMorganCiscoto Hold at HSBCWayfairto Outperform at BernsteinFox Corp.to Overweight at Wells Fargo and JPMorgan3. AROUND THE WEB:Nokiais closing its research and development unit in Hangzhou, China, and cutting 1,600 jobs, Helsingin saysCharter Communicationsreceived final approval from California regulators to buy Cox Communications for $21.9B, WSJ reportsGoldman Sachsis courting investors to participate in Nvidia's$500B AI infrastructure financing initiative, leveraging its longstanding Nvidia relationship to secure a key role in mobilizing capital for the AI buildout, Reuters saysBPand UAE-based XRG have secured an exploration and production license for Venezuela's Loran offshore gas field, which holds an estimated 4 trillion cubic feet of recoverable gas and straddles the Venezuela-Trinidad and Tobago maritime boundary, WSJ reportsApplehas trained a large language model in partnership with Alibabafor China's market, Reuters reports4. MOVERS:Capricor Therapeuticsgains afterand announcing the FDA is "willing" to review the company's BLA amendment for its HOPE-3 studyValnevaincreases in New York after announcing with Pfizerthat the EMA has validated theIntermexhigher after providing an update on itsfor Western Union'spending acquisition of the companyKinderCarefalls afterand cutting its guidance for FY26Merlinand York Space Systemslower in New York after5. EARNINGS/GUIDANCE:Heartflowand raised its outlook for FY26Midera Food, with CEO Mark Salman commenting, "We saw continued momentum in the second quarter, with orders up 16% and the backlog reaching $446 million"Teamsharesand backed its outlook for FY26DLocal, with CEO Pedro Arnt commenting, "TPV growth has remained above 50% year-over-year for seven consecutive quarters, with the last three quarters at or above 70%"FocalThericsand backed its outlook for FY26INDEXES:Near midday, the Dow was down 0.19%, or 103.36, to 53,736.63, the Nasdaq was down 0.48%, or 128.01, to 26,675.02, and the S&P 500 was down 0.21%, or 16.73, to 7,782.26.

Trump Signs Drone Tariff Proclamation, 100% Tariff on Certain Products

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TARIFFS ON DRONES:The White House announced that President Donald Trump signed a Proclamation to "address the national security threat posed by imports of drones and their components, including by strengthening America's drone industry and supply chain."A fact sheet stated, "The Proclamation imposes a 100% ad valorem tariff on drones of a certain size or with certain capabilities that are particularly sensitive for national security purposes, docking stations of these drones, and certain critical components of these drones. This drone category includes drones with a maximum takeoff weight of more than 25 kilograms and drones with thermal imaging capabilities. The Proclamation imposes a 25% ad valorem tariff on certain drones that are smaller in size and lack certain capabilities that particularly implicate national security, and on other drone components. The Proclamation imposes a 15% ad valorem tariff on drones and components from the European Union, Japan, Liechtenstein, Republic of Korea, Switzerland, and Taiwan, and a 10% ad valorem tariff for drones from the United Kingdom, provided that substantially all hardware, software, and technology originates from within these countries and the United States."The Proclamation authorizes the Secretary of Commerce to establish an onshoring program for companies making new investments in manufacturing drones and drone components. The tariffs will take effect 21 days after signing. For components of drones that are not particularly sensitive, the tariffs will take effect 180 days after signing. For products and components that the Department of War has approved for an exemption from the Federal Communications Commission's Covered List within 20 days of signing, the tariffs will take effect 180 days after signing." Publicly traded companies in the drone space include AeroVironment, Unusual Machines, Kratos Defense, Red Cat Holdings, Ondas, Boeing, and Northrop Grumman.OLDER TECH RESTORATION:President Trump has directed the Navy to tear out a complex system for launching jet fighters from its aircraft carriers and instead go back to using steam catapults, a move Navy officials have fought for years and will likely cost billions of dollars, The Wall Street Journal's Marcus Weisgerber. U.S. officials say Trump signed a national security memorandum Thursday directing the change, which would involve removing the electromagnetic catapult system used by the ships in the Gerald R. Ford class of carriers.PRIVATE PLACEMENT:PSQ Holdingsannounced the closing of a private investment in public equity financing, resulting in gross proceeds of approximately $1.3M, before fees and expenses. Every eligible member of the company's Board of Directors participated in the Private Placement, investing personal capital at a premium to the most recent closing price of the company's Class A common stock. At closing, the company issued an aggregate of 361,388 shares of Class A common stock at a price of $3.60 per share. No warrants, pre-funded warrants, or other derivative securities were included in the transaction. The transaction was priced at a premium over the closing price of the company's Class A common stock of $3.58 on August 12, 2026. Including shares associated with this private placement, PSQ Holdings issued and outstanding shares are expected to be 4,356,348. Three weeks ago, the PSQ management team put specific full-year guidance in writing and told shareholders to hold them to it," said Blake Masters, Lead Independent Director. "The Board approached this financing with one straightforward question: Do we believe in the guidance this team has put its name behind and in the positive trajectory of the business? Our answer was unanimous: yes. Every Board member eligible to participate went further and wrote personal checks for common equity, a tangible measure of our confidence in this team. We have watched this team divest what was not core, take real cost out without sacrificing capability, sign merchants in real volume, and deliver the first quarter of positive non-GAAP operating income in the Company's history. That is what alignment looks like-not just asking shareholders to believe, but investing alongside them."

Major Averages Close Higher Led by Tech Stocks

The major averages closed higher as major technology names led broad gains as another round of softer-than-expected inflation data eased concerns that the Federal Reserve may need to tighten policy again this month. The producer price index for final demand fell 0.3% in June, driven by a 1.4% decline in goods prices, while services prices edged up 0.2%. The softer-than-expected report follows Tuesday's encouraging CPI data and is likely to strengthen expectations that the Federal Reserve will leave interest rates unchanged at its July meeting.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:After Reuters said that Stripe and Advent made a joint offer to acquire PayPalfor $60.50 per share, Bloombergthat PayPal is working with advisers to review optionsLionsgateis exploring a sale and has attracted takeover interest from Bollore Group,Morgan Stanleyreported, reauthorized an up to $20B share repurchase program, and increased its quarterly dividendBlackRockreported, with assets under management up 22% year-over-yearPNC Financialprovided areport for Q22. WALL STREET CALLS:Cava Groupto Overweight at Morgan Stanley after recent weaknessOppenheimerIBMto Perform with bull thesis delayedUnusual Machineswith a Buy at H.C. WainwrightDigital Realtyto Buy at GuggenheimTravelersto Underweight at Morgan Stanley3. AROUND THE WEB:Uberis near a deal to acquire Delivery Herofor about EUR 41 per share, or roughly EUR 12.5B, FT reportsMicrosoftis revamping its cybersecurity software business to capitalize on corporate anxieties over AI-powered cyberattacks, The Information saysGooglewill buy 100% of the initial output of a massive solar project to offset its fossil fuel emissions, FT saysApple'sAI service "Apple Intelligence" has been registered to be used in iPhones in China, Reuters reportsJPMorganand Coinbasehave yet to launch any consumer-facing features nearly a year after announcing their partnership, The Information reports4. MOVERS:Electrovayawas higher in New York after announcing aand warrant transaction with AmazonAehr Test Systemsgained afterand providing guidance for FY27Gevoincreased afterPentairfell in New York after announcing theand cutting its guidance for FY26 and Q2SanDiskwas lower after Arguscoverage of the stock with a Hold rating5. EARNINGS/GUIDANCE:Progressivereportedand JuneCintasand provided guidance for FY27ASML, with EPS higher year-over-yearElevance Healthand raised its guidance for FY26, with CEO Gail Boudreaux commenting that Q2 results "exceeded our outlook"Conagra Brandsand provided guidance for FY27INDEXES:The Dow rose 150.37, or 0.29%, to 52,658.64, the Nasdaq gained 162.22, or 0.62%, to 26,269.23, and the S&P 500 advanced 28.81, or 0.38%, to 7,572.40.