Anthropic Tries to Shore Up Investor Confidence Ahead of Blockbuster IPO
The AI giant is racing to public markets this fall and has fielded tough investor questions on Chinese rivals, Trump-era tensions, and the artificial-intelligence infrastructure boom.
----
Smithfield Foods Cuts Outlook as Sales Fall
Smithfield Foods cut its outlook for the year, citing continued macroeconomic pressures, as sales fell during the recent quarter.
----
Intel Increases Size of Stock Offering to Raise $20 Billion
Intel plans to raise $20 billion by way of an underwritten public offering of 210.5 million shares priced at $95 each.
----
Domino's Set to Release New Individual-Size Pizza for Diners Who Don't Want to Share
The pizza chain aims to boost sales with a new rectangular pie geared toward individual orders, as more Americans eat meals alone.
----
Samsung SDI Buys GM's Stake in U.S. Battery JV
The South Korean battery maker said it would use the Indiana plant to make batteries for energy storage systems and other high-tech applications.
----
Abu Dhabi's Adnoc L&S Posts Record Quarterly Profit Despite Regional Disruption
The Abu Dhabi-based maritime logistics company said its result was buoyed by strong shipping rates, increased chartering activity and an expanded fleet.
----
See How a Tesla-SpaceX Merger Gives Musk a Shortcut to His $1 Trillion Payday
A critical clause in the CEO's Tesla stock award would wipe away lofty performance targets if a merger happened.
----
South Korea's Hanwha Makes $1 Billion Push Into U.S. Naval Shipbuilding
Conglomerate's nonbinding offer for Austal USA comes as Washington seeks to revive domestic shipyards.
----
Nvidia, Wall Street Firms Strike AI Financing Deal Targeting $500 Billion
Apollo, Blackstone and BlackRock were among the firms that committed to the deal.
----
CoreWeave Earnings Will Test Its Speedrun to AI Hyperscale
CoreWeave earnings are expected to show another quarter of triple-digit sales growth as the AI cloud company spends billions on data centers and inches toward profitability.
----
Trump Media Reports More Than 10 Sign-Ups to Real-Time Truth Social Feed
Early customers to the product are primarily high-frequency trading firms.
----
Morgan Stanley to Facilitate $1.5 Trillion in Infrastructure Initiative
The company said the initiative would support clients building and scaling companies, technologies and infrastructure central to the economic and national security of the U.S.
----
Hims & Hers Health Boosts Revenue Target, Swings to Second-Quarter Loss
The telehealth platform said it now projects $3.1 billion to $3.3 billion in revenue for the year, up from a previous target for $2.8 billion to $3 billion.
----
Rocket Lab Narrows Loss As Revenue Climbs
The launch and space systems company narrowed its loss and reported rising revenue as it ended its second quarter with a backlog of $2.36 billion, up 137% year-over-year.