AI Stock Market News Today

The US government has removed tariffs on whiskey imports, providing significant relief to global distillers. Diageo plc saw an immediate positive reaction in share price following the announcement.

• Removal of whiskey tariffs by the US administration
• Diageo plc shares increased by 4.0% following the news

Investors are closely watching Blue Owl Capital's upcoming first-quarter results as the firm serves as a bellwether for the private credit market. The company's struggling share price has heightened concerns regarding the stability of the $1.8 trillion industry.

• Blue Owl viewed as proxy for $1.8T private credit market
• Shares approaching critical 'doomsday' technical levels

Cardinal Health has issued its financial guidance for fiscal 2026, projecting steady earnings and increased liquidity. The company raised its adjusted free cash flow expectations to a range of $3.3 billion to $3.7 billion.

• Non-GAAP EPS forecast: $10.70 to $10.80
• Adjusted free cash flow raised to $3.3B - $3.7B

The U.S. House of Representatives has passed legislation to fund the majority of DHS operations. The bill now awaits the president's signature following previous Senate approval.

• Bipartisan support secured in the House
• Senate approval already obtained

D-Wave Quantum is leveraging both quantum annealing and gate-based systems to capture the computing market. However, a significant gap between revenue and market capitalization remains a primary concern for investors.

• January 2026 bookings hit $30 million, surpassing total 2025 figures
• Company pursuing both quantum annealing and gate-based computing

Alphabet reported record first-quarter results, significantly exceeding analyst expectations for both revenue and earnings per share. The growth was primarily fueled by an explosion in demand for Google Cloud and the company's proprietary AI hardware.

• Revenue hit $110 billion, beating the $107 billion estimate
• EPS of $5.11 significantly outperformed the $2.63 consensus

Pfizer has reached settlements with three generic manufacturers to delay the launch of competing versions of its heart medication. The move protects a multi-billion dollar revenue stream and provides a critical window for the company's pipeline development.

• Patent exclusivity extended to June 2031
• Settlements reached with Hikma, Cipla, and Dexcel

Scotiabank has lowered its rating for ONEOK from Sector Outperform to Sector Perform. The move comes as analysts suggest the stock's current valuation is fully priced in compared to peers.

• Rating downgraded to Sector Perform
• Price target reduced to $89

A new study from the NYC Comptroller's office suggests current pied-à-terre tax proposals will not meet the city's revenue targets. The city is seeking these funds to address a significant budget deficit.

• City seeks $500 million to close budget deficit
• Current tax structures yield only $340M-$380M

Schneider Electric reported a 11.2% organic revenue increase for the first quarter, driven by robust demand in energy management. The company has maintained its full-year growth targets for both revenue and adjusted EBITA.

• Organic revenue growth of 11.2% in Q1
• Total Q1 revenues reached 9.76 billion euros

Tim Cook will transition to Executive Chairman in September, handing the CEO reins to hardware engineering chief John Ternus. The move concludes a 15-year tenure defined by supply chain mastery and historic capital returns.

• Tim Cook transitions to Executive Chairman in September
• John Ternus appointed as new CEO

Tech investor Jack Selby warns that a potential withdrawal of Middle East sovereign wealth funds could drain hundreds of billions from the AI sector. The risk is heightened by regional instability, which may force a shift in capital toward domestic reconstruction.

• Middle East SWFs provide 25% of global AI investment commitments
• Geopolitical instability in Iran may trigger a diversion of funds to domestic rebuilding