Meggitt on Aug. 2 agreed to a Parker-Hannifin takeover offer of 6.3 billion pounds. Transdigm has weighed in with a counterbid at 7.1 billion.

Stock futures point mostly lower; AMC reports a narrower-than-expected loss; Tesla deliveries of China-made cars to the local market plunge; Coinbase reports earnings.

Jim Cramer weighs the pros, the cons and the outlook for the big-cap companies responsible for bringing stocks to these new highs.

Jim Cramer takes a look at HP, Mercadolibre, Bausch Health, ArcelorMittal, Johnson & Johnson, Transdigm Group, PPL Corp. McKesson and more.

Congress is concerned about the profits the company is making on some of its government-purchased products.

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

The billionaire and CEO of Tesla has become very political in recent months.