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Nokia鈥檚 Q2 2025 6-K shows currency and tariff headwinds eroding profitability despite resilient revenue mix. Comparable net sales were 鈧�4.55 bn, up 2 % reported but down 1 % on a constant-currency/portfolio (CC) basis. Segment performance was mixed: Network Infrastructure +8 % CC, Cloud & Network Services +14 %, Nokia Technologies +3 %, while Mobile Networks 鈥�13 % after prior-year one-offs.

Margins compressed. Comparable gross margin held at 44.7 %, but operating margin fell 290 bps YoY to 6.6 % due to a 鈧�50 m venture-fund loss (incl. 鈧�60 m FX revaluation) and higher tariffs. Comparable EPS slipped to 鈧�0.04 (鈥�33 %). Free cash flow was 鈧�0.1 bn; H1 FCF exceeded 鈧�0.8 bn. Net cash ended at 鈧�2.9 bn, down 47 % YoY, reflecting Infinera acquisition and share buybacks.

Guidance cut: 2025 comparable operating profit range lowered to 鈧�1.6鈥�2.1 bn (from 鈧�1.9鈥�2.4 bn) as FX is now a 鈧�230 m drag and tariffs 鈧�50鈥�80 m, while FCF conversion is still targeted at 50鈥�80 %. Dividend of 鈧�0.04/sh approved (second of four authorised instalments).

Optical Networks maintained >1 book-to-bill, hyperscaler sales hit 5 % of group revenue, and Infinera integration is progressing. CEO Justin Hotard expects stronger H2, led by Q4 seasonality, with Network Infrastructure growth and stable Mobile Networks sales on a CC basis.

Datavault AI Inc. (DVLT) filed an 8-K announcing two capital-raising arrangements.

• Equity Distribution Agreement (ATM): On 21-Jul-2025 the company engaged Maxim Group as sales agent to sell up to $50 million of common stock from its effective S-3 shelf (File No. 333-288538). Sales may be made on Nasdaq or other markets at prevailing prices; Maxim earns a 3% cash commission. Either party may terminate the agreement and the company is under no obligation to issue shares.
• Waiver Agreement with March-2025 noteholders: Purchasers waived variable-rate and participation-right restrictions for 60 days. In return the company agreed that, before the earlier of (i) 60 days or (ii) when no notes remain outstanding, it will limit ATM sales to (a) 鈮�10% of daily volume in regular hours, (b) no sales below $1.10 per share, and (c) 鈮�$25 million in aggregate. DVLT will also issue 5 million shares to the purchasers upon shareholder approval, file a resale registration statement and seek approval by 30-Sep-2025.

No shares have yet been issued; the 5 million 鈥淣ew Shares鈥� will rely on Section 4(a)(2)/Rule 506 exemptions until registered. Exhibits include the Sales Agreement (1.1), legal opinion (5.1) and Waiver Agreement (10.1).

M&T Bank Corporation (NYSE: MTB) filed a Form 8-K dated 16 Jul 2025 to furnish鈥攏ot file鈥攖wo information items:

• Item 2.02 鈥� Results of Operations and Financial Condition. The company issued a news release (Exhibit 99.1) announcing unaudited results for the quarter ended 30 Jun 2025.
• Item 7.01 鈥� Regulation FD Disclosure. An accompanying investor presentation (Exhibit 99.2) was posted to the Investor Relations section of MTB鈥檚 website and may be used in future discussions with analysts and investors.

No quantitative financial data are included in the filing itself; investors must review Exhibits 99.1 and 99.2 for earnings details. Both exhibits are expressly deemed furnished, limiting Exchange Act liability and preventing automatic incorporation by reference into other SEC filings. The document also restates the company鈥檚 registered securities (common and two preferred series) and provides standard emerging-growth-company and safe-harbor checkboxes.

Overall, the 8-K signals that Q2 earnings information is available externally but contains no financial metrics within the body of the filing.

AT&T Inc. (T) 鈥� Form 4 insider filing: Director Cindy B. Taylor reported an automatic, in-plan acquisition of 6,219.765 deferred stock units (DSUs) on 06/30/2025 under the company鈥檚 Non-Employee Director Stock and Deferral Plan. Each DSU represents the economic value of one common share and is settled in cash after the director leaves the board. The reference price recorded for the underlying common stock was $28.94.

Following the transaction, Taylor鈥檚 direct equity holdings remain at 5,718 common shares and 320 Series C depositary shares, while her indirect derivative position increases to 196,964.0096 DSUs held through the benefit plan. No shares were sold or disposed of, and there were no option exercises or other derivative conversions disclosed.

The filing indicates continued alignment between the director and shareholder interests but does not represent a material change to AT&T鈥檚 overall share structure or insiders鈥� cumulative ownership.