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Tariffs/Trade

US customs tells CNBC that for fiscal 2025 it has identified 27,479 customs bond “insufficiencies” valued at nearly USD 3.6bln, double the 2019 level when insufficiencies first soared due to Trump’s first-term trade policies, via CNBC

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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

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

U.S. Economy

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