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Rhythm Pharmaceuticals Reports Efficacy in New Obesity Drug Trial

Boston, Tuesday, 4 August 2026.
Preliminary Phase 2 data shows Rhythm Pharmaceuticals’ novel weekly injection achieved an 11.6% mean BMI reduction in 16 weeks, offering promising hope for hypothalamic obesity treatment.

Willis Lease Finance Reports Strong Asset Growth Driven by Engine Leasing Demand

Coconut Creek, Tuesday, 4 August 2026.
Willis Lease Finance Corporation expanded assets under management by 21% to $4.4 billion in the second quarter of 2026, supported by strong global engine demand and strategic investment partnerships.

Satellite Internet Provider Hughes Files for Bankruptcy as Customers Switch to Starlink

Englewood, Tuesday, 4 August 2026.
Hughes Satellite Systems has filed for Chapter 11 bankruptcy after losing over half its consumer subscribers to SpaceX’s low-Earth orbit Starlink network, defaulting on $1.5 billion in debt.

Snap Shares Jump Following Rebound in Advertising and Subscription Growth

Santa Monica, Tuesday, 4 August 2026.
Snap’s second-quarter revenue surged 19% to $1.6 billion, driven by returning North American advertisers and an 85% spike in Snapchat+ subscriptions, sending the stock up nearly 10%.

Eli Lilly Expands Early Access to Experimental Obesity Drug Ahead of Approval

Indianapolis, Tuesday, 4 August 2026.
Eli Lilly is expanding its compassionate use program to offer select, high-risk patients early access to retatrutide—an unapproved drug that has demonstrated unprecedented weight loss of up to 28% in clinical trials.

Alphabet Surges into Wall Street Infrastructure with $200 Billion Artificial Intelligence Push

Mountain View, Tuesday, 4 August 2026.
Alphabet is raising its 2026 capital spending to roughly $200 billion to expand its financial intelligence systems, even as massive infrastructure costs temporarily pushed quarterly free cash flow to negative $5.9 billion.

Federal Court Rejects Elon Musk's Attempt to Block Minnesota AI Deepfake Law

Minneapolis, Tuesday, 4 August 2026.
A federal judge allowed Minnesota’s pioneering ban on AI nudification technology to take effect on August 1, 2026, rejecting xAI’s last-minute attempt to block the law and its severe penalties.

Rust-Powered Batteries Raise 43 Million Dollars to Solve Europe's Energy Storage Crisis

Delft, Tuesday, 4 August 2026.
Dutch startup Ore Energy raised $43 million on August 4, 2026, to scale iron-air batteries that offer 100 hours of grid storage at a tenth of lithium-ion’s cost.

Alstom Wins 270 Million Euro Order to Expand Melbourne Train Fleet

Melbourne, Tuesday, 4 August 2026.
Australia’s Victorian Government has ordered 25 additional electric trains from Alstom for €270 million, doubling its fleet expansion to replace commuter trains dating back to the 1980s.

Walgreens Scales Back Planned Store Closures Under New Ownership

Deerfield, Tuesday, 4 August 2026.
Walgreens will close under 100 U.S. stores in 2026—far fewer than the 700 originally projected—as new private equity owner Sycamore Partners optimizes operations across its 8,000 remaining locations.