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Stock Market News — July 16, 2026 — Morning Update — Last 12 Hours (Pacific Time)
TSMC's record 77% profit surge paradoxically dragged chip stocks lower on capex concerns, while UnitedHealth's earnings beat lifted the Dow and insurance sector. Uber's $14.8B Delivery Hero takeover and Eli Lilly's $3.8B psychedelic drug deal headline a busy M&A morning, though SpaceX's slip below i
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