Netflix Revenue and Profit Increase, but the Company Expects Growth to Slow
The streamer said it would begin to release its viewership report annually, rather than twice a year.
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Verizon to Cut About 3,000 Jobs, Divest Itself of Some Retail Stores
The company plans to divest itself of 274 of its retail stores to franchise owners. Most of Verizon's layoffs would come from the retail-store divestiture.
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Alcoa Cuts Production Guidance, Says Alumina Prices Stable Despite Iran War
Alcoa cut its full-year alumina guidance, citing issues at its Pinjarra, Australia refinery, and said alumina prices remained stable despite uncertainty about global shipments driven by the war in Iran.
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Honda Will Stop Selling Its Lone Electric Vehicle in the U.S.
Sales of the Prologue, an electric SUV, will end this year amid a pivot to hybrids.
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Chinese Automaker XPeng Unveils L03 SUV in Munich, Steps Up Overseas Expansion
Unveiling marks the company's first global vehicle launch outside China as it steps up expansion in Europe and other overseas markets amid intensifying competition at home.
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Authorities Link Parasitic Outbreak to Taylor Farms Lettuce Supplied to Taco Bell
Thousands of people have been sickened across five states.
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ArcBest to Consolidate Brands, Cut About 2% of Workforce
The company also said it will eliminate about 2% of total positions through layoffs and the elimination of certain open roles.
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Chevron Will Explore Creating Strait of Hormuz Alternative for Iraqi Oil
The U.S. energy producer is looking at investing in oil fields and a pipeline to boost Iraq's oil exports.
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Trump Media to Sell Faster Access to President's Social Posts
The new service will let traders and investors pay for real-time feed of Truth Social posts.
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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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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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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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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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UnitedHealth Results Handily Beat Wall Street Expectations
The healthcare company substantially raised its full-year earnings projection.
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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.
(END) Dow Jones Newswires
July 16, 2026 21:00 ET (01:00 GMT)
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