By Anvee Bhutani
Freeport-McMoRan (FCX): U.S. mining stocks rallied after President Trump confirmed copper tariffs will take effect Aug. 1. Overseas producers such as Glencore (UK:GLEN) and Anglo American (UK:AAL) also gained.
MP Materials (MP): The dominant U.S. rare-earth miner announced a 10-year partnership with the Defense Department to build out the country's magnet supply chain. Shares soared more than 40%.
WK Kellogg (KLG): The Italian candy maker behind Ferrero Rocher agreed to buy the cereal conglomerate for about $3 billion, confirming an earlier Wall Street Journal report. Shares in Kellogg surged.
Taiwan Semiconductor Manufacturing (TSM): The world's largest contract chip maker reported a 40% jump in January-June revenue from a year earlier. U.S.-listed shares were muted in morning trading.
Delta Air Lines $(DAL.UK)$: The carrier reported a quarterly profit of $2.13 billion, up 63% from a year earlier. The stock rallied about 9%, as did shares of peers such as United Airlines $(UAL)$. Delta did, however, slice its annual earnings forecast.
Nvidia (NVDA): The AI chipmaker became the first company to reach a market value of $4 trillion Wednesday. Shares edged up Thursday.
Conagra Brands $(CAG)$: The company behind Slim Jim and Swiss Miss hot chocolate posted disappointing quarterly results and an annual outlook that missed expectations. Shares dropped roughly 5%.
WPP $(WPP)$: The ad giant named Microsoft executive Cindy Rose as its new CEO. Shares rose over 2% in London, having slid Wednesday when the company lowered its guidance.
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(END) Dow Jones Newswires
July 10, 2025 09:36 ET (13:36 GMT)
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