Crude Oil Gains 1%; Walgreens Posts Upbeat Earnings

1. WBA reported Q2 sales of $38.59 billion, exceeding expectations by 4.1%. 2. Adjusted EPS was 63 cents, beating the consensus of 53 cents despite a decline. 3. WBA withdrew its 2025 guidance amid ongoing M&A negotiations with Sycamore Partners. 4. The merger with Sycamore Partners is anticipated to close in Q4 2025. 5. Overall U.S. stocks, including WBA, traded higher amid positive market conditions.