Good morning & happy Friday! Today, we're diving deep into Robinhood's latest financials to see why a monster quarter still couldn't stop the stock from falling (breaking down the most important facts & figures from Robinhood's Q2 2026, including the $106M gain that vanished before the earnings call even started, to see whether HOOD 0.00%' is still worth your time & money + bonus guide on how to Turn Claude Opus 5 Into a Financial Analyst That Never Sleeps inside), and fintech giant Revolut, which just opened private market access to 75 million users (the mechanics, why the timing is awkward, the OpenAI deal that dropped 3 days later & what it all means for Revolut's $150-200B IPO play + bonus deep dives into Revolut & the AI Monopoly Playbook inside). So let's just jump straight into the intriguing stuff '' Revenues rose 32% year-over-year to a record $1.31B, and diluted EPS of $0.62 crushed the $0.41-0.43 consensus by 44-51%. Net deposits hit a record $21.7B, platform assets a record $369B, Gold subscribers a record 4.8M, and management lowered the full-year expense guide while calling the business 'firing on all cylinders.' Not too shabby!...

A large percentage of individuals have experienced adverse childhood events that can cause troublesome psychological and behavioral issues in adulthood. Positive workplace experiences and managers who attend to employee well-being in specific ways can help all employees thrive. Such environments, facilitated by a set of evidence-based tools for leaders, may be particularly powerful in helping adult survivors of childhood trauma break old patterns and thrive. Over the past few decades, there has been burgeoning interest in how leaders and organizations can support employees in the aftermath of traumatic events.1 But there is another pervasive and often hidden source of trauma that originates well before individuals enter the workforce. Childhood adversity, referred to as adverse childhood experiences (ACEs), is widespread and affects the well-being of a large portion of the workforce. Recent estimates suggest that 60% of adults worldwide have faced one ACE, and 16% have faced four or more.2 ACEs shape employees' self-perceptions, job attitudes, behaviors, and workplace relationships, typically in ways that undermine their well-being and functioning. In light of this, we are sharing a new, evidence-based toolkit for organizations and leaders seeking to design healthier work environments that can attenuate the enduring effects of childhood adversity for their employees....

Enterprise AI startup Freehand has raised $75 million in a Series B funding round to scale its autonomous AI agents, which manage complex supply chain spend and back-office operations for enterprise companies. Battery Ventures and NewRoad Capital Partners co-led the financing, which included participation from Nexus Venture Partners and former U.S. Commerce Secretary Penny Pritzker. With its latest capital injection, San Francisco-based Freehand has now raised $100 million. The deal comes as tariffs, taxes, and immigration policy strain the outsourcing model that ran supply chains for decades. Freehand's fundraise also lands amid an uptick in venture funding to supply chain and logistics-related startups, with 2026 on pace to deliver the strongest year since 2022, per Crunchbase data, with $6.2 billion raised by such companies in the first half of this year across 350 deals. Freehand was founded in February 2024 by Jayakrishnan and Abhijeet Manohar, two enterprise logistics veterans who previously co-founded and recently sold Pando, a SaaS transportation management system (TMS) and procure-to-pay system of record for large enterprise logistics....

On Wednesday, Andon published a new installment in how things are going in its Vending-Bench research, where the lab has frontier models run a simulated vending machine business for a simulated year. The mission is simple: Make more money than the other models. It benchmarks the results in areas like final cash balance, prices paid to suppliers, and refunds paid. In the latest test, which included Claude Opus 5, GPT-5.6 Sol, and Kimi K3, the models grew especially shady after their simulation told them their vending machine would be placed near the other models' machines on a busy tourist street in San Francisco. Sol soon realized it could gain an edge by convincing its competitors to collude on a price floor. The models were all buying drinks at $1.50 a bottle, and Sol proposed they agree to sell for no less than $2.15. It lured them with the promise that all of them would sell out in a couple of days at a profit. Opus' water sales dropped to zero overnight. The next day, it sent Sol a nasty email, accusing it of manipulation. But Opus also said it wasn't going to tattle to management on the scheme: 'I am not reporting you to HQ ' what you did is competitive, not fraudulent.'...