Novartis Upgrades Outlook After Strong First Half
Novartis said it expected core operating income to grow in the low double digits from a previous expectation of high-single-digit growth, lifted its sales guidance and confirmed its $15 billion share buyback.
Berkshire Cuts Activision Stake by 70% to 14.6 Million Shares as Deal Nears
Berkshire Hathaway, led by CEO Warren Buffett, had invested in videogame maker Activision to capture the arbitrage spread.
China Evergrande’s 2022 Net Loss Narrowed Sharply on Reduced Write-downs
China Evergrande Group’s net loss narrowed sharply in 2022 from a year earlier, mainly due to a substantial reduction in write-downs.
Peacock Becomes Latest Streaming Service to Raise Prices
NBCUniversal said its ad-supported plan will increase $1 a month, while the ad-free tier will go up $2 to $11.99 a month.
AT&T Shares Fall to Lowest Price Since 1993
Telecom stocks continue slide after WSJ investigation into toxic lead cables.
Tesla Outlines Plan to Create Largest Auto Factory in Germany
Electric-vehicle maker aims to double capacity of Berlin-area plant to one million cars a year.
Cathie Wood’s ARK Writes Down Twitter Stake by 47%
Wood is still bullish on Twitter’s long-term outlook and said her fund updates its internal valuations of private companies frequently.
Ford Cuts Price of F-150 Lightning Electric Truck by Up to $10,000
The move came after Tesla reported a surge in second-quarter deliveries that was helped by sharp price cuts and discounts.
FDA Approves First RSV Drug to Protect All Infants
While the virus often leads to mild, coldlike symptoms, it is the leading cause of hospitalization of infants in the U.S.
Big Banks’ Earnings Have Some Bad News for Smaller Banks
Regional lenders due to report results this week will likely be hit harder by rising deposit costs.
Source: Dow Jones Newswires