Google Overhauls AI Leadership as Longtime Chief Scientist Joins Wave of Exits
Demis Hassabis becomes chairman of Google DeepMind while Jeff Dean leaves to launch AI-discovery startup.
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CVS Health Launches Eli Lilly GLP-1 Partnership, Lifts Outlook as Profit Increases
CVS Health said it will revamp its weight management program through a partnership with Eli Lilly as the company lifted its full-year outlook and reported a nearly threefold increase in its second-quarter profit.
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Eli Lilly Posts Higher Revenue on Continued GLP-1 Demand
Eli Lilly reported higher net income and revenue in the recent quarter, fueled by continued surging demand for its GLP-1 weight-loss drugs.
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Theme Parks and 'Toy Story 5' Boost Disney Results
Third-quarter revenue increased 7% to $25.2 billion, driven by growth from the company's experiences unit.
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Kraft Heinz Raises Sales View Amid Efforts to Offset Higher Costs
Kraft Heinz had a narrower loss and lower sales in the second quarter, but raised its sales outlook as it aims to mitigate higher supply costs by raising prices.
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Uber Technologies Reports Moderating Growth, Issues Soft Forecast
Uber Technologies notched higher revenue in the second quarter but issued a soft outlook as it continues to invest heavily in autonomous vehicles.
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Flutter CEO to Step Down as U.S. Sports-Betting Business Falters; Profit Outlook Cut
Flutter Entertainment said Chief Executive Peter Jackson is stepping down, while lowering its profit outlook and swinging to a loss as its U.S. business continues to struggle.
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Bloomin' Brands Says Outback Diners Are Buying Pricier Steaks
Bloomin' Brands raised its adjusted earnings outlook, as customers at its Outback Steakhouse chain are paying more for pricier steaks.
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Sandoz in Talks With U.S. Government About Potential Investment, CEO Says
Sandoz Group is in talks with the U.S. government about manufacturing investments in the country and doesn't see President Trump's planned tariffs on generic medicines as a major threat, the drugmaker's chief executive said.
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Dine Brands Sales Rise as IHOP Growth Offsets Applebee's Decline
Dine Brands recorded higher sales and lower profit in the second quarter, as IHOP's growth helped offset a decline at Applebee's.
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New York Times Stock Plunges More Than 13% as Subscriber Growth Slows
The media company's total revenue climbed 11% to $762.5 million in the second quarter.
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Shake Shack Revenue Climbs, Profit Slips on Higher Costs
Shake Shack reported higher second-quarter sales, but profit slipped as operating expenses increased.
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SharkNinja Raises Outlook After Sales Jump
SharkNinja raised its full-year outlook after second-quarter sales rose on strong demand across its product lineup, with growth led by cooking appliances, beauty products and international markets.
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Shopify Signals Revenue Acceleration as AI Tools, Merchant Growth Drive Results
Shopify quieted fears of a midyear slowdown, forecasting accelerating third-quarter sales growth as artificial intelligence-driven search and broad merchant expansion fuel market-share gains.
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SpaceX Shares Sink on AI Spending Plans
The Elon Musk-led rocket company spent $15.8 billion on AI projects in the second quarter and doesn't plan to slow down.
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Carlyle Continues to Bring in Capital as Distributable Earnings Climb
Carlyle Group posted its highest distributable earnings in nearly four years as the buyout firm continued to have record capital at its disposal to invest.
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Siemens Energy Orders Reach Record Highs on U.S. Data-Center Demand
Shares rose around 4% in early morning European trade as demand for U.S. data centers and surging global demand for electricity led to record high orders in its fiscal third quarter.
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Novo Nordisk CEO Remains Open to Bolt-On Acquisitions, But Rules out Transformative Deals
Chief Executive Mike Doustdar's comments come amid sector focus on M&A and after Novo Nordisk made two disclosures in recent days on its future pipeline that disappointed investors.
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Chip Maker Infineon Forecasts Strong Revenue Growth on Booming AI Demand
It expects revenue of roughly $18.80 billion for the current fiscal year as the race to build AI infrastructure keeps adding fuel to red-hot semiconductor demand.
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Thomson Reuters Lifts Revenue Guidance After Growth
Thomson Reuters bumped up its revenue targets for the year after logging double-digit growth across its three big business segments in the latest quarter.
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Heineken Upbeat for Full Year After Volumes Pick Up Pace Despite Americas Weakness
The recovery in sales volumes adds to signs that new markets and a focus on more premium labels are helping brewers out of a lengthy slump.
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Honda Doubles Profit, Lifts Guidance on Weak Yen
The Japanese automaker is aiming to improve its hybrid EV offerings to shore up its car business's profitability.