President Donald Trump signed a proclamation invoking Section 232 to impose tariffs of up to 100% on imported military drones and 25% on smaller commercial models, citing national security. Red Cat (RCAT) shares rose on Friday and are up more than 50% from their July low. The company recently reported fiscal Q2 revenue of $20.19 million, up more than sixfold year over year, and reaffirmed at least $150 million in sales guidance for this year. Wall Street’s mean price target is $19, implying potential upside of more than 70%.

OpenAI CFO Sarah Friar told investors that the company’s enterprise business is growing faster than its consumer business, with enterprise now generating more revenue. The company’s annualized revenue run rate has reached $40 billion, rising 20% month over month in July, while business customers grew 32%. Friar also said advertising is nearing a $1 billion run rate, and cited a 54% efficiency gain on agentic coding tasks alongside recent price cuts across its model suite.

U.S. retail sales fell 0.6% in July from the prior month, far below market expectations for a 0.1% increase, stoking concerns about a slowing economy. After the data, the dollar weakened while the euro and sterling climbed to multi-month highs. Markets also pared back expectations for a Federal Reserve rate hike in September. Ongoing U.S.-Iran tensions continued to influence crude oil prices, and the yen swung on expectations around potential Bank of Japan tightening and intervention.

Crypto-linked stocks including Coinbase, Circle and Bullish fell after the U.S. Securities and Exchange Commission signaled a further delay to its anticipated “innovation exemption” and canceled a Friday meeting on a potential new offering regime for some crypto-related investment contracts. The developments clouded the near-term regulatory outlook for tokenized securities and weighed on the broader tokenization trade. Uniswap’s UNI fell 7% over the past 24 hours, while the Nasdaq 100, S&P 500 and bitcoin were mostly flat on the day.

BNB Chain said the BNB Smart Chain (BSC) mainnet will activate the Pasteur hard fork at 02:30 UTC on Aug. 25, 2026. The network upgrade requires all node operators to run client v1.7.7 before that time. Nodes that are not upgraded in time risk disconnecting from the mainnet, according to BNB Chain.

Pfizer CEO Albert Bourla made his first open-market purchase of the company’s stock, buying 38,000 shares at $26.34 each for about $1 million. Board members Ronald Blaylock and Mortimer Buckley also bought a combined $2 million of PFE shares earlier in August. Pfizer’s latest quarterly results topped Wall Street expectations, with revenue of $15.03 billion and earnings per share of $0.77. PFE shares are up 14% this year, in line with the S&P 500’s gain.

An Israeli bank said it has formally launched trading services for Bitcoin, Ethereum and Solana in partnership with Galaxy. The move underscores traditional financial institutions’ growing push into digital assets, giving local investors a compliant and convenient channel to buy and sell cryptocurrencies. The service runs on Galaxy’s crypto infrastructure and covers major tokens, a step expected to lift participation in crypto assets in Israel’s market.

Broadcom shares fell on Aug. 14 after the VMware vCenter vulnerability CVE-2026-59310 was quickly exploited. Attacks emerged five days after the flaw was disclosed and had reached 361 IP addresses across 47 countries by Aug. 7. Although Broadcom issued an emergency patch, the incident has fueled concerns about its security offerings and revenue. Analysts kept an average price target of $512.87, implying 31.8% upside.