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US admin officials weighed how to structure government stakes in major AI companies, Semafor reports; Treasury Secretary Bessent favoured using equity in AI firms to seed Trump Accounts

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Commerce Secretary Lutnick's preference was that equity was directed to a type of sovereign wealth fund.

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U.S. Markets

Eli Lilly (LLY) Q2 2026 (USD): Adj. EPS 8.38 (exp. 6.01), Revenue 23bln (exp. 20.7bln)

LLYGeopolitics

Pakistani sources say Pakistan PM Sharif and Army Chief Munir will visit Saudi Arabia tomorrow, Al Hadath reports

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)