By WSJ Staff
Meta Platforms (META): The Facebook parent has frozen hiring in its artificial-intelligence division after spending months scooping up researchers and engineers, The Wall Street Journal reported.
Coty $(COTY)$: The beauty and scents company posted a unexpected quarterly adjusted loss of 5 cents a share. Shares fell over 20% premarket. The Rimmel owner is expanding into fragrance mists and says consumers still want to pamper themselves.
Walmart $(WMT)$: The retailer is due to report results on Thursday morning. Walmart attracted President Trump's ire earlier this year after saying it would raise prices due to tariffs. Shares fell roughly 1% before the open.
Novo Nordisk (NVO): The Ozempic and Wegovy drugmaker announced a hiring freeze in noncritical areas, as it looks to fend off competition and control costs. Shares rose over 1% in Denmark.
Hertz (HTZ): Shares in the rental-car operator rose premarket, poised to extend Wednesday's 6% rally. That followed the news that Hertz would sell used cars directly through Amazon (AMZN)'s automotive marketplace.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 21, 2025 04:49 ET (08:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.