Ares Management posted second-quarter results that included record fundraising of $36 billion, with $23.7 billion raised for its credit strategies, lifting assets under management 17% from a year earlier to $671.3 billion. Its BDC, Ares Capital, reported core earnings of 47 cents per share in line with expectations, maintained its dividend and had about $6 billion of available liquidity. Blue Owl Capital said assets under management ended June at $319 billion, up 12% from a year earlier. Despite the sector’s strong growth, the report noted that default rates and redemption pressures remain elevated.

Moderna posted second-quarter revenue of $145 million, beating analysts’ average estimate of $103 million. Its experimental norovirus vaccine candidate missed the statistical benchmark for early success in an interim analysis of a late-stage study, sending the stock down more than 4% in premarket trading. The company reiterated its full-year revenue growth expectation of up to 10%, with roughly half of its revenue coming from the U.S. The U.S. FDA is set to decide on Moderna’s flu vaccine by August 5.

Chevron reported adjusted second-quarter net profit of $12 billion, or $6.06 per share, beating analyst expectations. Upstream earnings rose to $8.2 billion, up 200% from a year earlier. Brent crude prices were 23% higher than in the first quarter, supported in part by limits on shipping through the Strait of Hormuz. U.S. production hit a record 2.08 million barrels of oil equivalent per day, led by the Permian Basin and the Gulf of Mexico.

France’s state investment bank Bpifrance, together with the government’s shareholding agency APE, sold a 2.5% stake in telecoms group Orange for $1.3 billion. After the deal, the two will hold a combined 20.4% stake, keeping their position as Orange’s largest shareholder. The sale reflects a strategic partial pullback by the French government from its state-backed telecom holdings and changes Orange’s ownership structure. The stake reduction is seen as a short-term negative catalyst for Orange shares.

Sony reported fiscal 2024 first-quarter results with group operating profit of 476.5 billion yen, up 40% year on year, driven by strength in its gaming and image sensor businesses. The company raised its full-year operating profit guidance by 8% to 1.72 trillion yen ($10.70 billion). PS5 quarterly unit sales fell by roughly a third from a year earlier, but Sony reaffirmed its supply position and its plan for stable hardware profitability.

Banco Santander has announced a voluntary tender offer for all outstanding shares of its Brazilian unit, Santander Brasil, seeking to buy the remaining roughly 10% free float. The bank is offering a 15% premium to the prior day’s closing price, valuing the transaction at up to 1.9 billion euros. The offer has no minimum acceptance condition and does not aim to delist the Brazilian subsidiary. If fully taken up, Santander would issue about 156 million new shares, or around 1.1% of its current share capital, and said the move should be neutral for its capital ratio.

Apple reported fiscal third-quarter revenue of $109.42 billion for the period ended June 27, up 16.4% from a year earlier and above expectations. Earnings came in at $2.02 per share, including $0.11 tied to U.S. government tariff refunds, and still exceeded forecasts even without the refunds. iPhone revenue rose 21.7% to $54.25 billion, helping lift results. Services revenue missed Wall Street targets, and the stock fell 4% in after-hours trading.

Worldline now expects flat to marginally positive revenue growth in 2026, cutting its previous forecast for low single-digit growth. Revenue in the six months to June fell 0.2% to 1.74 billion euros, while adjusted EBITDA came in at 294 million euros, both compared with expectations in a company-compiled poll. The group maintained its full-year EBITDA outlook but raised its free cash flow target to a negative range of 60 million euros to 40 million euros, from a previous negative range of 80 million euros to 70 million euros.

Microsoft issued better-than-expected guidance for current-quarter revenue and cloud growth, while its capital expenditure outlook came in below Wall Street estimates, boosting confidence in the company’s cash-flow resilience and sending its shares up nearly 9% premarket. Nasdaq futures rose 0.86%, helping reverse a prior 10% pullback, and Dow and S&P 500 futures also edged higher. Meta Platforms slid 9.2% after reporting a 91% year-on-year drop in second-quarter free cash flow.