Netflix Revenue and Profit Increase, But the Company Expects Growth to Slow
The company said it would begin to release its viewership report annually, rather than twice a year.
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Chevron Will Explore Creating Strait of Hormuz Alternative for Iraqi Oil
The U.S. energy producer is looking at investing in oil fields and a pipeline to boost Iraq's oil exports.
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Verizon to Cut About 3,000 Jobs, Divest Itself of Some Retail Stores
The company plans to divest itself of 274 of its retail stores to franchise owners. Most of Verizon's layoffs would come from the retail-store divestiture.
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Uber to Buy Delivery Hero in $14.8 Billion Deal
The takeover of the German company brings together two of the world's biggest food-delivery platforms.
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Alcoa Cuts Full-Year Alumina Guidance, Posts Higher Second-Quarter Profit
The company said it now expects to produce between 200,000 and 300,000 fewer metric tons of alumina in 2026, for a total production of 9.5 million to 9.6 million metric tons.
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Honda Will Stop Selling Its Lone Electric Vehicle in the U.S.
Sales of the Prologue, an electric SUV, will end this year amid a pivot to hybrids.
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Chinese Automaker XPeng Unveils L03 SUV in Munich, Steps Up Overseas Expansion
Unveiling marks the company's first global vehicle launch outside China as it steps up expansion in Europe and other overseas markets amid intensifying competition at home.
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Eli Lilly to Buy Psychedelic Firm AtaiBeckley for Initial $2.8 Billion
Eli Lilly has struck a deal to buy mental-health-focused AtaiBeckley for an initial $2.8 billion, continuing the drugmaker's recent buying spree.
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FDA Approves First-of-Its-Kind Cholesterol Pill
Merck's Lipfendra, to be taken once a day, is designed to help lower cholesterol levels beyond what statins alone can achieve.
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UnitedHealth Results Handily Beat Wall Street Expectations
The healthcare company substantially raised its full-year earnings projection.
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Trump Media to Sell Faster Access to President's Social Posts
The new service will let traders and investors pay for real-time feed of Truth Social posts.
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GE Aerospace Raises Outlook Despite Delivery Delays
The maker of jet engines said it now expects adjusted earnings per share to be $7.65 to $7.85, up from a previous range of $7.10 to $7.40.
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EU Gives Google Binding Instructions to Open Android to AI Rivals
The European Union gave Google binding instructions to open up its Android operating system and search engine data to greater competition.
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Publicis Raises Guidance on New Business Wins
Publicis Groupe raised its annual guidance, saying new business wins give the company confidence in its ability to keep up momentum after top-line growth accelerated in the second quarter.
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Abbott Laboratories Sales Rise on Diagnostics Growth
The healthcare company said its profit fell to $928 million, or 53 cents a share, in the second quarter, from $1.78 billion, or $1.01 a share, a year earlier.
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U.S. Bancorp Quarterly Revenue Rises to Record
U.S. Bancorp notched record second-quarter revenue due to strong loan growth, broad momentum on fees and a one-month boost from the recent acquisition of financial-services firm BTIG.
(END) Dow Jones Newswires
July 16, 2026 17:00 ET (21:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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