Ford's Answer to Cheap Chinese EVs Starts With a $30,000 Electric Pickup

The automaker said it would spend $2 billion to overhaul a Louisville, Ky., factory to build a new line of affordable, high-tech EVs, and it aims to launch the pickup in 2027.

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Nvidia, AMD to Give U.S. 15% Cut on AI Chip Sales to China

The unusual arrangement follows Nvidia CEO Jensen Huang's meeting with President Trump.

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Skydance's Paramount Lands UFC Rights in $7.7 Billion Deal

Under the seven-year deal, UFC fights will be streamed on Paramount+ and select bouts will be simulcast on CBS.

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Barrick Lifts Dividend After Profit Climbs

The Canadian miner will add a performance payout after improved production for the period kept it on track to hit its output targets for the full year.

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AMC Posts Narrower Loss as Sales Surge

AMC Entertainment narrowed its second-quarter loss as revenue jumped, fueled by a rebound in the box office and the chain's emphasis on premium moviegoing experiences.

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Rumble Shares Gain After Possible Northern Data Deal

The video-sharing platform and cloud services provider reported its second-quarter results and said it intends to make an all-stock bid to buy AI cloud-computing group Northern Data for about $1.17 billion.

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Inside Target, Frustrated Employees and Search for New CEO

The retailer, needing to revive sales and boost morale, is looking for its next leader.

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EU Clears $4.8 Billion Prosus-Just Eat Deal With Conditions

The European Commission approved the merger after the Naspers subsidiary offered concessions to ease competition concerns.

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EV Battery Giant CATL Suspends Mining Project

Expectations that the suspension would cut into the supply of lithium and lift prices sent producers' shares higher in Hong Kong and buoyed South Korean battery stocks.

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Rare-Earth Magnet Maker Raises $65 Million in Push to Counter China

Vulcan Elements says Brad Gerstner's Altimeter led the funding round, which comes as China tightens exports of critical minerals.

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Intel CEO Singled Out by Trump to Visit White House on Monday

Lip-Bu Tan is set to meet with the president, who last week called for Tan's removal.

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Centerbridge Partners to Buy MeridianLink in $2 Billion Deal

The private-investment firm's acquisition of the software-platforms provider is slated to close in the second half of the year.

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Activist Investor to Push Avantor to Make Changes or Sell Itself

Engine Capital has a roughly 3% stake in the life-sciences company.

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Orsted Shares Tumble After Halting of U.S. Wind Project Sale; $9.4 Billion Rights Issue Proposal

The decision to stop the sale comes after developments in the U.S. wind market disrupted the renewable-energy company's asset sale plans.

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Martin Sorrell's S4 Capital in Talks With MSQ Partners About Possible Tie-Up

S4 Capital said it received a proposal from One Equity Partners' MSQ about a potential deal. Shares in S4 climbed in early European trade.

(END) Dow Jones Newswires

August 11, 2025 11:00 ET (15:00 GMT)

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