Check out the companies making headlines before the bell: Netflix — Shares fell 2% after Netflix warned that operating margin in the second half of 2025 will be lower than the first half because of higher content amortization, as well as sales and marketing costs, because of a larger slate of content. Otherwise, the streaming company beat on the top and bottom lines. Chevron , Hess — Chevron shares rose 3%, while Hess jumped more than 7%. The moves come after Chevron won against Exxon Mobil in a dispute over Hess’s offshore oil assets in the South American nation of Guyana. That clears the path for Chevron to complete its $53 billion acquisition of Hess. Sarepta Therapeutics — The biopharmaceutical stock fell 24% after trade news and data provider BioCentury reported that a patient died after receiving treatment during a Phase 1 study. A Sarepta spokesperson told BioCentury that the death was due to acute liver toxicity. Union Pacific , Norfolk Southern — Shares of Union Pacific and Norfolk Southern rose 0.4% and roughly 4%, respectively. The move comes after The Wall Street Journal, citing people familiar, reported railroad operator Union Pacific is exploring a deal with Norfolk Southern. 3M — The industrial stock popped 2% after 3M posted second-quarter adjusted earnings of $2.16 per share, expecting the $2.01 per share analysts polled by LSEG had expected. 3M’s $6.16 billion revenue also exceeded the forecast $6.11 billion. Additionally, the company raised its full-year sales growth guidance to 2.5% from 0.5%. American Express —Shares gained 1% after the company’s second-quarter earnings results beat on the top and bottom lines. American Express posted adjusted earnings of $4.08 per share on $17.86 billion in revenue, above the $3.89 per share and $17.71 billion in revenue that analysts polled by FactSet were expecting. Interactive Brokers — Shares advanced 5% after Interactive Brokers reported second-quarter results that beat estimates on the top and bottom lines. The online brokerage posted adjusted earnings of 51 cents per share on revenues of $1.48 billion. Analysts polled by LSEG had expected earnings of 46 cents per share on revenue of $1.36 billion. Schlumberger — Shares rose 1% after oilfield services company reported second-quarter results that exceeded expectations. Schlumberger posted adjusted earnings of 74 cents per share, more than the FactSet consensus estimate of 72 cents per share. Revenue of $8.55 billion also topped the $8.50 billion consensus estimate. Charles Schwab — The brokerage stock rose 2% after second-quarter results beat expectations on the top and bottom lines. Charles Schwab reported $1.14 in adjusted earnings per share on $5.85 billion of revenue. Analysts were looking for $1.10 per share and $5.73 billion, according to FactSet. The firm also said new brokerage account openings were up 11% year over year. Crypto stocks — Shares of companies serving crypto traders rose as the price of ether jumped to its highest level in six months after Congress passed the first major crypto legislation for the U.S. Coinbase and stablecoin issuer Circle added 2%, and Robinhood gained 3%. Galaxy Digital rallied 9%. Bitmine Immersion , an ether accumulator, climbed nearly 10%. Huntington Bancshares — Shares ticked slightly higher after the bank holding company posted second-quarter earnings of 34 cents per share, which slightly exceeded the FactSet consensus estimate of 33 cents per share. Net interest income of $1.47 billion also came in above the $1.46 billion estimate. Western Alliance — Shares fell more nearly 2% after Western Alliance Bancorp said it will unify all divisions under one brand. Net interest margin for the second quarter came in at 3.53% versus the FactSet consensus estimate for 3.55%. The regional bank beat on second-quarter earnings, revenue and net interest income expectations, according to FactSet consensus estimates. — CNBC’s Sean Conlon, Lisa Han, Alex Harring, Tanaya Macheel and Jesse Pound contributed reporting
