Rivian’s Loss Narrows as Production Speeds Up
The EV truck and sport-utility maker raised its production guidance for the year after a better-than-expected second quarter.
Lyft Increased Revenue, Trimmed Loss During Tumultuous Quarter
The ride-share company projected a better-than-expected outlook for the current period.
WeWork Raises Doubt About Its Survival
WeWork on Tuesday raised doubt about its ability to stay in business as the co-working space provider faces losses and a dwindling cash pile amid major changes in the way people work.
Sony Group’s First-Quarter Net Hurt by Weaker Movie, Financial Earnings
Sony Group’s first-quarter net profit fell 17% from a year earlier due to weaker earnings from movie and financial businesses.
Li Auto Shares Fall as Investors Fret Earnings Have Peaked
Li Auto’s Hong Kong-listed shares slid as signs of slowing sales fanned investor worries the carmaker’s earnings may have peaked, eclipsing strong second-quarter results.
Australia’s InvoCare Agrees to A$1.8 Billion Takeover by TPG
InvoCare has agreed to a takeover by private-equity firm TPG Inc. that values the Australian funeral operator’s equity at US$1.18 billion.
ESPN Strikes $2 Billion Sports-Betting Deal With Penn Entertainment
Penn’s Barstool Sportsbook app will be rebranded as ESPN Bet this fall as part of a 10-year agreement.
Weight-Loss Drug Wegovy Cuts Heart Risk in New Study
Novo Nordisk’s anti-obesity drug reduced people’s risk of suffering heart attacks, strokes and cardiovascular deaths by 20%.
Remote-Work Champions Call Employees Back to Office
Zoom and other pioneers of the work-from-home movement are telling employees to come in for at least part of the week, as the era of remote work evolves.
Fox Remains Committed to Cable-TV Bundle
Earnings rise while revenue is flat, as advertising dip offsets higher affiliate fees.
Source: Dow Jones Newswires