ASML Narrows Guidance Amid Tariff Uncertainty, Warns on 2026 Growth
The chip-making equipment supplier, whose U.S. clients include Intel, issued the warning days after President Trump's threat of 30% tariffs against the European Union.
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Cartier Parent Richemont Posts Sales Growth Despite Luxury Slowdown
The luxury group's jewelry division, which houses heavyweight brands Cartier and Van Cleef & Arpels, saw an 11% rise in sales.
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Stellantis Scraps Hydrogen Vehicle Program
The Jeep parent said it would discontinue its hydrogen fuel-cell technology development program because it doesn't expect its adoption in light commercial vehicles before the end of the decade.
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Rio Tinto's Iron Ore Output Highest Since 2018; Flags Tariff Costs
The world's second-biggest miner by market value flagged around $300 million of gross costs from U.S. tariffs on its Canadian aluminum exports.
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Alibaba-Backed Chinese AI Startup Files for Hong Kong IPO
MiniMax has confidentially filed for an initial public offering in Hong Kong, according to people familiar with the matter, signaling the onset of a race among China's generative AI startups to tap public markets.
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Trump Touts Billions in Investments to Create AI Hub in Pennsylvania
The commitments are part of a campaign to transform the Steel City and surrounding areas.
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CVS Beats Out UnitedHealth for Calpers Pharmacy Benefits Deal
CVS Health's Caremark business signed a new pharmacy benefits contract with the California Public Employees' Retirement System, known as Calpers.
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Renault Cuts Guidance in Tough Auto Market, Names Interim CEO
Renault slashed its financial targets for the year, citing a worsening automotive market as the group faces stiff competition from rivals, and elevated finance chief Duncan Minto to interim CEO.
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J.B. Hunt Profit Falls Due to Higher Expenses
J.B. Hunt Transport Services logged lower earnings in the second quarter as medical expenses, insurance costs and driver wages rose.
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Omnicom Posts Lower Earnings Amid Interpublic Acquisition
Omnicom reported a lower profit for the second quarter, citing increased costs from its acquisition of rival Interpublic Group and severance actions stemming from efficiency initiatives.
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Platinum Equity's LifeScan Files for Bankruptcy to Cut Debt, Cede Control to Lenders
The glucose-monitor maker will reduce more than 75% of its $1.7 billion in debt.
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Aquarian Nears Deal for U.S. Insurer Brighthouse
A number of private-equity firms had expressed interest in the insurer.
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Lilly's Zepbound Faces a Potential Weight-Loss Rival. It's Made by a Chinese Biotech.
A promising experimental drug is one more sign of the impending disruption the booming Chinese biotech industry could bring to U.S. biopharma.
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Newmont Stock Slides Sharply After Financial Chief Resigns
The Colorado-based gold miner is beginning the search for a permanent chief financial officer.
(END) Dow Jones Newswires
July 16, 2025 03:00 ET (07:00 GMT)
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