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Top stories today:
1. Uber has 1st ever operating profit of $0.3B in Q2, on revenue of $9.2B
2. GPT-5 trademark filed by OpenAI, includes speech generation and analytics
3. Fitch downgrades U.S. debt from AAA to AA+, citing deficits, governance
4. Amazon Clinic rolls out nationwide
5. Trump indicted in connection to Jan. 6 on 4 counts

0. Data and calendar

1. Uber has 1st ever operating profit of $0.3B in Q2, on revenue of $9.2B (+14% YoY)

3% margin, small but something to celebrate:

Read more: CEO interview, CFO to step down in Jan., earnings release, earnings presentation.

Uber has been increasing its product offerings, positioning itself as an everything app

CEO Dara Khosrowshahi said he looks at what Elon is doing, but Uber leads as the West's super app

Markets still penalized Uber stock by 10%, likely due to the revenue miss and Lyft fears

• Q2 revenue was $9.23B, vs. $9.34B expected.

• “They [Lyft] are competitive in pricing now," a "tough competitor,” said CEO Dara Khosrowshahi.

2. GPT-5 trademark filed by OpenAI, includes speech generation and analytics

Potential new features hinted at by the trademark filing:

• “Downloadable”

• “Artificial production of human speech”

• “Predictive analytics”

• “Developing, running and analyzing algorithms that are able to learn to analyze, classify, and take actions in response to exposure to data” - Search Engine Journal, USPTO

3. Sidebar is a private community for exceptional leaders with bold goals*

• Once accepted, Sidebar gives you a Personal Board of Directors, matching you with a small group of brilliant peers.

• Users can message their group 24/7 and attend fast-paced meetings to solve their biggest challenges at work, faster.

• Employer reimbursements possible: many Sidebar members get their membership fees covered by their employer.

Why spend a decade finding your people – join Sidebar today. Sign up for the growing waitlist of over 2,500 top senior leaders, and apply to become a founding member. - Sidebar

*Sponsored.

4. Fitch downgrades U.S. debt from AAA to AA+, citing deficits, “erosion of governance”