Dow Jones Top Company Headlines at 11 am ET: Uber to Buy Delivery Hero in $14.8 Billion Deal | Eli ...

Dow Jones
07/16

Uber to Buy Delivery Hero in $14.8 Billion Deal

The takeover of the German company brings together two of the world's biggest food-delivery platforms.

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Eli Lilly to Buy Psychedelic Firm AtaiBeckley for Initial $2.8 Billion

Eli Lilly has struck a deal to buy mental-health-focused AtaiBeckley for an initial $2.8 billion, continuing the drugmaker's recent buying spree.

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FDA Approves First-of-Its-Kind Cholesterol Pill

Merck's Lipfendra, to be taken once a day, is designed to help lower cholesterol levels beyond what statins alone can achieve.

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UnitedHealth Results Handily Beat Wall Street Expectations

The healthcare company substantially raised its full-year earnings projection.

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GE Aerospace Raises Outlook Despite Delivery Delays

The maker of jet engines said it now expects adjusted earnings per share to be $7.65 to $7.85, up from a previous range of $7.10 to $7.40.

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EU Gives Google Binding Instructions to Open Android to AI Rivals

The European Union gave Google binding instructions to open up its Android operating system and search engine data to greater competition.

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Publicis Raises Guidance on New Business Wins

Publicis Groupe raised its annual guidance, saying new business wins give the company confidence in its ability to keep up momentum after top-line growth accelerated in the second quarter.

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Abbott Laboratories Sales Rise on Diagnostics Growth

The healthcare company said its profit fell to $928 million, or 53 cents a share, in the second quarter, from $1.78 billion, or $1.01 a share, a year earlier.

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U.S. Bancorp Quarterly Revenue Rises to Record

U.S. Bancorp notched record second-quarter revenue due to strong loan growth, broad momentum on fees and a one-month boost from the recent acquisition of financial-services firm BTIG.

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Cyber M&A Heads for Record Year

Dealmaking in cybersecurity soared in the first half, turbocharged by a thirst for the AI security startups that are remaking the sector.

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Japan to Buy Nvidia Chips to Power Its AI Push

Nvidia chips are set to power Japan's artificial-intelligence push, with the government planning to buy thousands of the company's next-generation semiconductors to build an AI ecosystem on its own soil.

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TSMC to Invest a Further $100 Billion in U.S. After AI Fuels Surge in Earnings

The world's largest contract chip maker posted its fifth straight quarter of record earnings amid voracious global appetite for artificial-intelligence infrastructure.

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TotalEnergies Expects Earnings Boost From War-Fueled Price Rally

TotalEnergies expects second-quarter results to receive a boost from the extended rally in energy prices prompted by the Middle East conflict, and for income from liquefied natural gas to fall sharply.

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ABB to Buy U.K.'s Rotork for $5.6 Billion

ABB is riding a wave of demand for products used in data centers and has turned to dealmaking to expand its electrification and automation portfolios.

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U.K. Probes TikTok Over Child Safety Measures

The U.K.'s media watchdog is investigating TikTok over how the company conducts age checks on its users to prevent children from seeing harmful content such as pornography.

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Telenor Cuts Guidance Following Challenging Quarter

Telenor's second-quarter performance was hit by tough year-on-year comparables, the timing of commercial initiatives, transformation costs and a challenging macro situation in Bangladesh.

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The New York Times Files Motion to Quash Trump Administration Subpoenas

Several reporters were subpoenaed to appear before a grand jury following reporting on security concerns with the Qatari-gifted jet used as Air Force One.

 

(END) Dow Jones Newswires

July 16, 2026 11:00 ET (15:00 GMT)

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