The U.S. government said it plans to impose tariffs of up to 12.5% on South Korea, Japan and other countries. In the same window, S&P Global released its manufacturing and services PMI readings, and Intel raised its full-year revenue outlook. The tariff proposal could hit U.S. tech companies with manufacturing bases or supply chains in South Korea and Japan, while the PMI data point to softer global demand, adding near-term pressure to tech-heavy names in the Nasdaq and the S&P 500.

This is a premarket/intraday live headline for U.S. equities that compiles earnings release timing for several companies, including Google, Tesla, IBM and ServiceNow. It also notes that Supermicro reported preliminary results that beat expectations. The headline further says Trump proposed imposing a 100% tariff on generic drugs. IBM is listed as an earnings release event trigger, but no results, financial figures or market reaction are included.

U.S.-Iran relations have worsened amid rising geopolitical tensions. TSMC reported that its second-quarter revenue rose 36% year over year. Meta said it will add $40 billion in investment in Louisiana. The escalation in U.S.-Iran tensions is a sudden geopolitical risk event that could disrupt energy markets and global risk sentiment.