The Score: Apple, Palantir, Intel and More Stocks That Defined the Week — WSJ

Dow Jones Newswires

By Francesca Fontana

The Score is a weekly review of the biggest stock moves and the news that drove them.

Apple

Tech giants rallied Wednesday after Trump announced tariff exemptions for tech companies investing in U.S. production.

That day, President Trump said he would impose roughly 100% tariffs on all semiconductors coming into the U.S. — but he would waive the levies for firms that have promised to manufacture domestically, including Apple.

The announcement came at an event trumpeting Apple's new $100 billion investment pledge. The investment comes on top of one announced in February, when the iPhone maker said it would spend over $500 billion in the U.S. over four years to make servers and parts for its key products.

Apple shares jumped 5.1% Wednesday.

Tesla

Tesla's board is giving Chief Executive Elon Musk a $23.7 billion stock award — so long as he stays focused on the company.

The "interim award" of 96 million shares vests if Musk remains CEO or in an executive role overseeing product development or operations. Tesla is seeking to incentivize Musk as he divides his time between several companies. His competing obligations have prompted worries among Tesla investors about his focus.

After stepping back from his work as a White House adviser in late May, Musk has overseen the launch of Tesla's robotaxi service. But Musk has also been fundraising for money-losing xAI, and SpaceX overcame a June rocket explosion to successfully send four astronauts to the International Space Station.

The approval of Musk's compensation package comes after earlier pay deals were struck down by a judge.

Tesla shares climbed 2.2% Monday.

Palantir Technologies

Palantir posted strong results as tech earnings continue to recharge artificial-intelligence optimism.

The data-software company late Monday notched its first $1 billion revenue quarter and boosted its annual outlook.

Palantir's total revenue rose 48%, reflecting the recent frenzy of investment by corporations and militaries in AI tools. The results are the latest sign that Palantir is getting a boost from the Trump administration's push to hasten adoption of AI technology.

The company also reported 53% growth in earnings from U.S. government contracts.

Palantir shares jumped 7.8% Tuesday.

Pfizer

Pfizer raised its annual profit outlook, despite ongoing tariff uncertainty and President Trump's demands to slash drug prices.

The drugmaker said its new guidance reflects the impact of the currently imposed levies from China, Canada and Mexico. The company does not anticipate any share repurchases in 2025.

Pfizer said the outlook also accounts for any potential price changes this year. Trump recently sent letters to the chief executives of 17 drugmakers, including Pfizer CEO Albert Bourla, demanding they reduce U.S. prices to be more aligned with other countries' lower prices.

Bourla said he is hopeful about finding a solution in response to the president's demand.

Pfizer shares gained 5.2% Tuesday.

McDonald's

McDonald's is rebuilding its reputation for fast, affordable food after a streak of stale earnings.

The burger chain said same-store sales rebounded during the second quarter, outpacing estimates as the company aimed to prove to customers that its burgers and nuggets remain a good deal.

Earlier this year, it started a national McValue menu of affordable offerings, including a four-item meal deal starting at $5.

Still, Chief Executive Chris Kempczinski said that many U.S. consumers, especially lower-income customers, remain pressured.

Restaurants, including fast-food chains, have been struggling to hang on to cash-strapped consumers, and costs for things such as beef and labor are on the rise.

McDonald's shares gained 3% Wednesday.

Intel

Intel's new leader is getting flak from President Trump.

On Thursday, Trump unexpectedly called on Chief Executive Lip-Bu Tan to resign, saying that Tan is "conflicted" by business ties to China.

Intel has stood by Tan, and in a statement told The Wall Street Journal that its board and management were aligned on strategy.

Before Trump jumped into the fray, Tan was already at odds with some of Intel's board members. Since Tan took the helm in March, he and some Intel directors have disagreed about whether the company should stay in the chip-manufacturing business or exit it entirely, the Journal reported.

Intel shares lost 3.1% Thursday.

Write to Francesca Fontana at francesca.fontana@wsj.com.

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McEwen Files 8K - Operations And Financial Condition >MUX

Dow Jones Newswires

McEwen Inc. (MUX) filed a Form 8K - Operations and Financial Condition - with the U.S Securities and Exchange Commission on August 08, 2025.

On August 7, 2025, McEwen Inc. (the "Company") issued a press release summarizing its second quarter and half year financial and operating results together with certain operation updates. A copy of that press release is furnished with this report as Exhibit 99.1.

The information furnished under this Item 2.02, including the referenced exhibit, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by reference to such filing.

The full text of this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/314203/000110465925075735/tm2522962d1_8k.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/314203/000110465925075735/0001104659-25-075735-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.

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BIGLARI HOLDINGS INC. NEWS RELEASE

Dow Jones Newswires

San Antonio, TX, Aug. 8, 2025 /PRNewswire/ — Biglari Holdings Inc. (; BH) announces its results for the second quarter and first six months of 2025.

Biglari Holdings Inc.'s earnings for the second quarter and first six months of 2025 and 2024 are summarized below. To become fully apprised of our results, shareholders should carefully study our 10-Q, which has been posted at www.biglariholdings.com.

 
(dollars in thousands) 
                                Second Quarter              First Six Months 
                         ----------------------------  --------------------------- 
                             2025           2024           2025          2024 
                         -------------  -------------  ------------  ------------- 
 
Pre-tax operating 
 earnings                $       3,673   $     19,704  $     13,667   $     25,401 
Investment gains 
 (losses)                       61,429       (82,619)        10,252       (58,921) 
Income taxes                  (14,171)         14,725       (6,263)          7,909 
                         -------------  -------------  ------------  ------------- 
Net earnings (loss)       $     50,931  $    (48,190)  $     17,656  $    (25,611) 
                         =============  =============  ============  =============

Analysis of Results:

In the second quarter of 2025, Steak n Shake's same-store sales for company and franchise-partner restaurants each increased by 10.7%.

Investments affect our reported quarterly earnings based on their carrying value. We do not regard the quarterly or annual fluctuations in our investments to be meaningful. Therefore, our operating businesses are best analyzed before the impact of investment gains. As a consequence, in the preceding table we separate earnings of our operating businesses from our investment gains.

About Biglari Holdings Inc.

Biglari Holdings Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities, including property and casualty insurance and reinsurance, licensing and media, restaurants, and oil and gas.

Comment on Regulation G

This press release contains certain non-GAAP financial measures. In addition to the GAAP presentations of net earnings, Biglari Holdings defines pre-tax operating earnings outside of the investment gains/losses of the Company.

Risks Associated with Forward-Looking Statements

This news release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ markedly from those projected or discussed here. Biglari Holdings cautions readers not to place undue reliance upon any such forward-looking statements, for actual results may differ materially from expectations. Biglari Holdings does not update publicly or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. Further information on the types of factors that could affect Biglari Holdings and its business can be found in the Company's filings with the SEC.

View original content:https://www.prnewswire.com/news-releases/biglari-holdings-inc-news-release-302525561.html

SOURCE Biglari Holdings Inc.

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Nymex Platinum, Palladium Warehouse Stocks - Aug 08

Dow Jones Newswires

Source: CME Group 
 
For previous business day 
PREV TOTAL subject to revisions. Source: CME Group 
 
                      Prev                         Net               Total 
Platinum             Total  Received Withdrawn  Change Adjustment    Today 
ASAHI DEPOSITORY LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
BRINK'S, INC. 
Registered          92,484         0        0       0         0     92,484 
Eligible           101,864         0        0       0         0    101,864 
Total              194,348         0        0       0         0    194,348 
 
CNT DEPOSITORY, INC. 
Registered           1,246         0        0       0         0      1,246 
Eligible                 0         0        0       0         0          0 
Total                1,246         0        0       0         0      1,246 
 
DELAWARE DEPOSITORY 
Registered           1,584         0        0       0         0      1,584 
Eligible            18,809         0        0       0         0     18,809 
Total               20,393         0        0       0         0     20,393 
 
HSBC BANK, USA 
Registered           1,295         0        0       0         0      1,295 
Eligible             9,282         0        0       0         0      9,282 
Total               10,577         0        0       0         0     10,577 
 
INTERNATIONAL DEPOSITORY SERVICES OF DELAWARE 
Registered           3,394         0        0       0         0      3,394 
Eligible                 0         0        0       0         0          0 
Total                3,394         0        0       0         0      3,394 
 
JP MORGAN CHASE BANK NA 
Registered          51,550         0        0       0         0     51,550 
Eligible            21,217         0        0       0         0     21,217 
Total               72,767         0        0       0         0     72,767 
 
LOOMIS INTERNATIONAL (US) LLC 
Registered          72,224         0        0       0         0     72,224 
Eligible           116,943         0        0       0         0    116,943 
Total              189,167         0        0       0         0    189,167 
 
MALCA-AMIT USA, LLC 
Registered             395         0        0       0         0        395 
Eligible                 0         0        0       0         0          0 
Total                  395         0        0       0         0        395 
 
MANFRA, TORDELLA & BROOKES, LLC 
Registered           4,179         0        0       0         0      4,179 
Eligible            36,104         0        0       0         0     36,104 
Total               40,283         0        0       0         0     40,283 
 
STONEX PRECIOUS METALS LLC 
Registered          12,328         0        0       0         0     12,328 
Eligible             5,059         0    5,043  -5,043         0         16 
Total               17,387         0    5,043  -5,043         0     12,344 
 
COMBINED TOTALS 
Registered         240,678         0        0       0         0    240,678 
Eligible           309,278         0    5,043  -5,043         0    304,235 
Total              549,956         0    5,043  -5,043         0    544,914 
 
                      Prev                         Net               Total 
Palladium            Total  Received Withdrawn  Change Adjustment    Today 
ASAHI DEPOSITORY LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
BRINK'S, INC. 
Registered           1,874         0        0       0         0      1,874 
Eligible             9,886         0        0       0         0      9,886 
Total               11,759         0        0       0         0     11,759 
 
CNT DEPOSITORY, INC. 
Registered              97         0        0       0         0         97 
Eligible                 0         0        0       0         0          0 
Total                   97         0        0       0         0         97 
 
DELAWARE DEPOSITORY 
Registered             788         0        0       0         0        788 
Eligible             3,208         0        0       0         0      3,208 
Total                3,996         0        0       0         0      3,996 
 
HSBC BANK, USA 
Registered             586         0        0       0         0        586 
Eligible             2,023         0        0       0         0      2,023 
Total                2,609         0        0       0         0      2,609 
 
INTERNATIONAL DEPOSITORY SERVICES OF DELAWARE 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
JP MORGAN CHASE BANK NA 
Registered          12,746         0        0       0         0     12,746 
Eligible               728         0        0       0         0        728 
Total               13,474         0        0       0         0     13,474 
 
LOOMIS INTERNATIONAL (US) LLC 
Registered           9,302         0        0       0         0      9,302 
Eligible            45,901         0        0       0         0     45,901 
Total               55,202         0        0       0         0     55,202 
 
MALCA-AMIT USA, LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
MANFRA, TORDELLA & BROOKES, LLC 
Registered          17,065         0        0       0         0     17,065 
Eligible             8,300         0        0       0         0      8,300 
Total               25,365         0        0       0         0     25,365 
 
STONEX PRECIOUS METALS LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
COMBINED TOTALS 
Registered          42,457         0        0       0         0     42,457 
Eligible            70,046         0        0       0         0     70,046 
Total              112,503         0        0       0         0    112,503 
 
Write to Rodney Christian at csstat@dowjones.com

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ICE Review: Canola Drops to End Week

Dow Jones Newswires

WINNIPEG, Manitoba--The ICE Futures canola market was weaker on Friday, taking back Thursday's gains as losses in Chicago soyoil and improved moisture conditions in parts of Western Canada weighed on values.

Chart-based speculative selling was a feature, with the November contract settling below its 100-day moving average.

European rapeseed was also lower, while Malaysian palm oil and the Canadian dollar held relatively steady.

Tight old crop supplies and solid end user demand remained supportive underneath the market.

There were 32,074 contracts traded on Friday, which compares with Thursday, when 47,389 contracts changed hands.

Spreading accounted for 16,974 of the contracts traded.

 
Settlement prices in Canadian dollars per metric ton. 
 
Canola     Price        Change 
 Nov       669.40       dn 7.90 
 Jan       681.00       dn 8.10 
 Mar       689.50       dn 8.20 
 May       696.60       dn 8.30 
 
Spread trade prices are in Canadian dollars and the volume represents the number of spreads: 
 
Months                  Prices                Volume 
Nov/Jan       11.40 under to 11.80 under       7,041 
Nov/Mar       20.00 under to 20.40 under         100 
Jan/Mar        8.50 under to 8.80 under        1,167 
Mar/May        7.00 under to 7.30 under          121 
Mar/Jul       11.30 under to 11.40 under           1 
May/Jul        4.00 under to 4.60 under           34 
Jul/Nov       36.00 over to 34.00 over            23

Source: Commodity News Service Canada, news@marketsfarm.com

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CFTC Commitments: NYMEX Platinum/Palladium Futures/Options - Aug 08

Dow Jones Newswires

PALLADIUM - NEW YORK MERCANTILE EXCHANGE 
OPTION AND FUTURES COMBINED POSITIONS AS OF 08/05/25          | 
--------------------------------------------------------------| NONREPORTABLE 
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS 
--------------------------|-----------------|-----------------|----------------- 
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short 
-------------------------------------------------------------------------------- 
(CONTRACTS OF 100 TROY OUNCES)                       OPEN INTEREST:       22,055 
COMMITMENTS 
   8,125    9,760    3,801    7,255    7,260   19,181   20,821    2,874    1,234 
 
CHANGES FROM 07/29/25 (CHANGE IN OPEN INTEREST:     -1,544) 
  -1,037     -355       29     -360     -747   -1,368   -1,073     -175     -471 
 
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER 
    36.8     44.3     17.2     32.9     32.9     87.0     94.4     13.0      5.6 
 
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      180) 
      73       58       53       25       42      126      126 
 
 
PLATINUM - NEW YORK MERCANTILE EXCHANGE 
OPTION AND FUTURES COMBINED POSITIONS AS OF 08/05/25          | 
--------------------------------------------------------------| NONREPORTABLE 
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS 
--------------------------|-----------------|-----------------|----------------- 
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short 
-------------------------------------------------------------------------------- 
(CONTRACTS OF 50 TROY OUNCES)                        OPEN INTEREST:       95,331 
COMMITMENTS 
  46,247   26,580   18,655   20,022   46,088   84,924   91,323   10,407    4,009 
 
CHANGES FROM 07/29/25 (CHANGE IN OPEN INTEREST:     -8,356) 
  -6,850   -2,744      293   -2,067   -4,271   -8,624   -6,722      268   -1,634 
 
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER 
    48.5     27.9     19.6     21.0     48.3     89.1     95.8     10.9      4.2 
 
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      260) 
     135       53       64       38       52      205      142 
 
     Write to Linda Rice at csstat@dowjones.com

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CFTC Commitments: Nymex Harbor RBOB Gasoline Futures/Options - Aug 08

Dow Jones Newswires

GASOLINE RBOB - NEW YORK MERCANTILE EXCHANGE 
OPTION AND FUTURES COMBINED POSITIONS AS OF 08/05/25          | 
--------------------------------------------------------------| NONREPORTABLE 
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS 
--------------------------|-----------------|-----------------|----------------- 
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short 
-------------------------------------------------------------------------------- 
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      335,343 
COMMITMENTS 
  77,556   42,806   72,606  163,948  204,495  314,111  319,907   21,233   15,436 
 
CHANGES FROM 07/29/25 (CHANGE IN OPEN INTEREST:    -11,997) 
  -7,151    1,172   -6,148    2,468   -5,702  -10,830  -10,677   -1,167   -1,320 
 
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER 
    23.1     12.8     21.7     48.9     61.0     93.7     95.4      6.3      4.6 
 
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      248) 
      69       54       80       86      110      203      203 
 
 
GULF COAST CBOB GAS A2 PL RBOB - NEW YORK MERCANTILE EXCHANGE 
OPTION AND FUTURES COMBINED POSITIONS AS OF 08/05/25          | 
--------------------------------------------------------------| NONREPORTABLE 
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS 
--------------------------|-----------------|-----------------|----------------- 
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short 
-------------------------------------------------------------------------------- 
(CONTRACTS OF 42,000 GALLONS)                        OPEN INTEREST:       19,931 
COMMITMENTS 
       0        0        0   19,015   19,586   19,015   19,586      916      345 
 
CHANGES FROM 07/29/25 (CHANGE IN OPEN INTEREST:     -3,121) 
       0        0        0   -3,735   -2,766   -3,735   -2,766      614     -355 
 
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER 
     0.0      0.0      0.0     95.4     98.3     95.4     98.3      4.6      1.7 
 
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       22) 
       0        0        0       17       15       17       15 
 
 
GULF JET NY HEAT OIL SPR - NEW YORK MERCANTILE EXCHANGE 
OPTION AND FUTURES COMBINED POSITIONS AS OF 08/05/25          | 
--------------------------------------------------------------| NONREPORTABLE 
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS 
--------------------------|-----------------|-----------------|----------------- 
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short 
-------------------------------------------------------------------------------- 
(CONTRACTS OF 42,000 GALLONS)                        OPEN INTEREST:       16,672 
COMMITMENTS 
     540        0        0   15,812   16,672   16,352   16,672      320        0 
 
CHANGES FROM 07/29/25 (CHANGE IN OPEN INTEREST:     -3,285) 
       0        0        0   -3,285   -3,285   -3,285   -3,285        0        0 
 
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER 
     3.2      0.0      0.0     94.8    100.0     98.1    100.0      1.9      0.0 
 
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       36) 
       2        0        0       23       17       25       17 
 
     Write to Linda Rice at csstat@dowjones.com