Meta Ordered to Pay $942 Million to Address Harm to Kids From Social Media
A New Mexico judge ordered the social-media giant to create a new $567 million fund in addition to paying $375 million in previously determined civil penalties.
----
SpaceX True Believers Propel Shares Past End of Epic Lockup
Some analysts are raising an eyebrow. Retail sees an 'insane opportunity' to buy.
----
Nielsen to Buy DoubleVerify
Nielsen Holdings agreed to buy DoubleVerify in a deal with an enterprise value of about $2.15 billion.
----
FDA Approves Replimune's Melanoma Drug on Third Attempt
The agency had turned down two earlier applications over clinical data-quality concerns.
----
Rocket Revenue Surges on Mortgage Market Share Gains
Rocket Companies reported higher second-quarter revenue as its market share in both purchase mortgages and refinancings rose.
----
Airbnb Boosts Full-Year Forecast on Strong Demand as AI Bets Pay Off
The short-term-rental company said it now expects revenue to increase by at least a mid-teens rate this year, up from its prior projection for growth in the low- to mid-teens.
----
DraftKings Second-Quarter Revenue Falls, Hurt by Promotions
The online sports betting company posted a loss of $67.6 million for the second quarter, compared with a profit of $157.9 million a year earlier.
----
Consolidated Edison Reports Higher Profit, Revenue
The New York-based utility company posted a second-quarter profit of $308 million, up from $246 million a year earlier.
----
Sweetgreen Lowers Full-Year Outlook Due to Cyclosporiasis Outbreak as Loss Widens
The company now expects same-store sales to drop between 7% and 8% due to lower demand from the multistate cyclosporiasis outbreak..
----
MP Earnings Show Chinese Rare-Earth Monopoly Is Fading
Thursday evening, MP Materials reported second-quarter Ebitda of $28.5 million, Wall Street was looking for $27.1 million.
----
Instacart Shares Rise on Higher Revenue, Strong Outlook
The company reported revenue increased to $1.04 billion from $914 million. Wall Street expected $1.03 billion.
----
Crypto Trader Wintermute Steps Onto Regulated Wall Street With Broker License
One of many digital currency firms pushing into traditional finance services, Wintermute aims to take on Jane Street, Citadel and other big market makers.
----
Lyft Shares Rise as It Notches Ridership Growth
While earnings per share were slightly below estimates, other metrics signaled growth at the ride-share company.
----
Apollo to Buy European Budget Airline easyJet for $7.7 Billion
The deal for the British airline caps a weekslong bidding war with American private equity and aircraft leasing group Castlelake.
----
Amazon to Offer GLP-1 Weight-Loss Drugs to Medicare Part D Patients
Novo Nordisk's Wegovy and Eli Lilly's Zepbound and Foundayo will be available at a cost of $50 a month.