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Drug-Resistant Salmonella in Recalled Eggs Poses Serious Treatment Risk
Midwest Poultry Services recalled 1.6 million dozen eggs after a drug-resistant salmonella outbreak hit 98 people in 17 states. The strain resists the standard antibiotic used to treat severe infections.
AppLovin Corporation Stock Crashes 20% After Earnings Miss Expectations
On 5 August 2026, AppLovin Corporation (NASDAQ: APP) surprised investors after reporting second-quarter earnings that came in below Wall Street’s expectations. The AI-powered advertising company still delivered strong year-over-year revenue growth, but weaker guidance for the current quarter led to a sharp sell-off. The stock dropped about 20% in after-hours trading as investors reacted to…
Kao Launches Shareholder Rewards Program on August 5, 2026
Kao introduces shareholder rewards program with product gifts worth ¥6,000-¥10,000 for holders of 400+ shares. Meyka rates the stock B+ with neutral outlook.
Costco Canada Recalls Alfa Croissants Over Mould Risk on August 5
Costco Canada recalls Alfa Croissants 24-packs due to mould risk in lot codes 10726 and 08626. Affected products sold June-July 2026 at Costco Business Centres. Full refunds available.
LIC (NSE: LICI) Falls as India Plans to Sell Up to 6.5% Stake at ₹382 Per Share, Targeting ₹314 Billion ($3.3B)
LIC shares fell Tuesday, August 4, 2026, after the government launched a major stake sale. India will offload up to 6.5% of Life Insurance Corporation at a floor price of ₹382 per share. The Offer for Sale could raise roughly ₹31,000 crore, or about $3.3 billion. The floor price represents a 10% discount to Monday’s…
Itochu Posts Record Q1 Profit of ¥293.7B, Launches ¥300B Buyback on August 3
Itochu (8001.T) posts record Q1 net profit of ¥293.7B, up 3% YoY, and launches ¥300B share buyback. Core earnings surge 38%. Meyka rates stock A- with Buy recommendation.
Hughes Files Chapter 11 as $1.5B Debt Comes Due; DISH Faces Restructuring
Hughes Satellite Systems files Chapter 11 bankruptcy with $1.5B debt due. EchoStar subsidiary lost 59,000 broadband subscribers in Q2 as Starlink competition intensifies. DISH parent company restructuring continues.
ITC Stock Rises After Cigarette Business Shows Resilience Following Tax Increase
ITC stock climbed to ₹291.85 on August 3, 2026, up from ₹281 on July 31. The rally came days after ITC posted a 27% drop in standalone net profit to ₹3,578.82 crore for Q1 FY27. Consolidated revenue still rose 27.64% year-on-year to ₹29,523.30 crore. Investors focused on the cigarette segment’s pricing resilience despite February’s steep…
UK Cyclospora Cases Jump to 67 as Mexico Holiday Warning Issued
UK reports 67 cyclospora cases linked to Mexico holidays. The parasitic infection causes explosive diarrhoea and affects travellers staying in Riviera Maya and Cancún resorts.