By WSJ Staff

TSMC $(TSM)$: The world's largest contract chip maker delivered a record profit last quarter, as demand held up despite tariff-related uncertainty. Its American depositary receipts rallied premarket, as did shares of Nvidia (NVDA), which TSMC supplies.

United Airlines (UAL): The carrier posted better-than-expected adjusted quarterly earnings, but its annual outlook disappointed. The stock dropped 3% ahead of the open.

Sarepta Therapeutics (SPRT): The gene-therapy company changed its executive team and said it will lay off about one-third of its workforce. The restructuring is expected to save $400 million a year. Shares jumped 30% in premarket trading.

PepsiCo $(PEP)$, GE Aerospace (GE), U.S. Bancorp (USB), Abbott Labs $(ABT)$: Earnings are due from a range of big-name companies before the market open. Streaming company Netflix (NFLX) is set to report late afternoon.

Archer Daniels Midland $(ADM)$, Ingredion (INGR): Shares of both companies, which supply high-fructose corn syrup, fell in offhours trading after President Trump said Coca-Cola (KO) had agreed to use cane sugar in U.S. drinks instead.

Seven & I (JP:3382): Canada's Alimentation Couche-Tard (CA:ATD) abandoned its $47 billion bid to buy the Japanese 7-Eleven operator. Seven & I shares slid 9%.

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July 17, 2025 05:08 ET (09:08 GMT)

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