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OMG Group (ASX:OMG) generated $738,000 in July net sales, representing a 120% year-on-year increase.

Financial software provider Reckon (ASX:RKN) reported a 6% year-on-year increase in first-half net profit after tax to $5 million.

Tusker Minerals (ASX:TSK) has agreed to sell its Machinga Rare Earth Elements Project to AuKing Mining (ASX:AKN) for up to $4 million.

Transportation technology firm EROAD (ASX:ERD) has appointed David Leach as CEO, effective Oct. 12.

Qantas Airways (ASX:QAN) is reportedly negotiating with Accenture (NYSE:ACN) to outsource up to 1,000 back-office roles to India under a plan named Project iQ.

Lake Resources (ASX:LKE) has started its 28-day public consultation phase for the Kachi Project on Aug. 3.

Vmoto (ASX:VMT) recorded a 156% year-over-year sales increase to 6,020 units, advancing its annual delivery targets.

During the countdown to the market close, Romaine Bostick highlighted the recent surge in private debt defaults, noting that Fitch Ratings reported a record 6% default rate among 1,300 US private debt borrowers in the second quarter. Randy Schwimmer, Vice Chairman and Chief Investment Strategist at Churchill Asset Management, acknowledged the challenging environment reflected in the rising defaults but expressed optimism about improving conditions in the second half of the year. He speaks with Romaine Bostick on "The Close."

The Trump administration is advancing a plan to allocate $200 billion annually toward medical research, emphasizing support for individual scientists and private research facilities rather than traditional university-based research. John Flavin, CEO of Portal Innovations, a Chicago-based firm that funds early-stage life sciences companies, discussed the implications of this shift. He speaks with Romaine Bostick on "The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec.