Baidu Sees AI, Chip Business Driving Healthy Revenue Growth
Baidu expects to list its chip unit in Hong Kong this year, and for artificial-intelligence income.to support healthy revenue growth over the next few quarters.
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Zara Owner Shrugs Off Middle East Turmoil to Post Faster Sales Growth
Sales at the Spanish fashion retailer-which houses Zara, Massimo Dutti and Bershka-rose 11.5% compared with the prior year.
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Novo Nordisk Launches Wegovy Weight-Loss Pill in UAE
The United Arab Emirates becomes the second country to offer the pill after the drugmaker launched it in the U.S. in early January.
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AkzoNobel Shares Plunge After Sherwin-Williams, Nippon Paint Drop $14.5 Billion Bid
AkzoNobel shares were down 19% after Nippon Paint and Sherwin-Williams ended their pursuit of the company.
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SpaceX Eyeing Roughly $1.75 Trillion Valuation in IPO Next Week
Banks are in line to make hundreds of millions of dollars from the offering; JPM has an additional role as party planner.
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'60 Minutes' Correspondent Scott Pelley Fired by CBS News
Pelley's exit comes after he made comments critical of Editor in Chief Bari Weiss.
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Air Liquide Invests $233 Million in South Korea to Back SK Hynix's AI Chips Production
The French company signed a long-term contract with the semiconductor manufacturer to supply gases for its new packaging and testing facility in Cheongju.
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Volvo Car's Sales Fall 5.5% as Industry Headwinds Continue
Sales in China remained under pressure due to the highly competitive industry landscape and challenging macro environment, the company said.
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Spain's AI Business-Software Group Factorial Hits $2.5 Billion Valuation
Venture-capital firm General Catalyst led the funding round-that also attracted interest from Atomico and Four Rivers-bringing in fresh capital to expand as AI reshapes the market.
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Broadcom Stock Faces Earnings Test as AI Chip Revenue Surges
Broadcom reports earnings Wednesday after AI-related revenue more than doubled in the prior quarter, with investors focused on guidance and demand from hyperscale customers.
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Greg Abel Puts His Stamp on Berkshire Hathaway With Pair of Megadeals
In one weekend, Warren Buffett's successor has given shareholders a reason to believe he is a savvy dealmaker.
(END) Dow Jones Newswires
June 03, 2026 07:00 ET (11:00 GMT)
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