Companies

American Express Stock Falls 20% From December High as Expenses Climb

American Express shares trade near $310, about 20% below their December 2025 high, as rising expenses and slower earnings growth weigh on the stock.

China Tests Star-Based Navigation for Its 2030 Jupiter Mission

Chinese researchers tested stellar aberration navigation aboard the Tianhui-7 satellite in January, fixing its position to within 5km ahead of a 2030 Jupit

Hong Kong Cuts Subsidised Physiotherapy Places by a Third for 2027-28

Hong Kong's Education Bureau cut subsidised physiotherapy places by about a third for 2027-28 as graduates face a tightening job market

China Sets 2030 Target for Public Cultural Services in 15th Five-Year Plan

China's Ministry of Culture and Tourism issued a 15th Five-Year Plan for public cultural services, setting 2030 targets and 18 key engineering projects.

China Unveils Publishing Industry Plan for 2026–2030 With 33 Major Projects

China's National Press and Publication Administration has issued a publishing industry plan through 2030, listing eight priority areas and 33 major project

BioNTech Stock Tumbles 10% After Colorectal Cancer Vaccine Trial Fails

BioNTech shares dropped as much as 10% after terminating a colorectal cancer vaccine trial, with Moderna also falling 6% while Pfizer held flat.

Juul Wins FDA Clearance for Juul2 Device With Optional Age Verification

Juul Labs received FDA permission on August 28 to sell its Juul2 device, featuring optional age verification and updated tobacco and menthol cartridges.

Truist, Fifth Third Halt Sales of Mark Walter Insurer’s Products

Truist and Fifth Third paused sales of Delaware Life products this week as probes mount into the Mark Walter-controlled insurer, which denies any fraud.

PayPal Sinks 12% as Advent-Stripe Group Drops Buyout Pursuit

PayPal shares fell about 12% below $55 after an Advent-Stripe group abandoned its takeover pursuit, driving options volume to 134,092 contracts.

US Appeals Court Backs Nevada Oversight of Kalshi Sports Prediction Markets

The Ninth Circuit ruled Kalshi cannot block Nevada oversight of its sports prediction contracts, lifting DraftKings and Flutter shares and setting up a Sup

Marvell Shares Fall 8% as AI Outlook Disappoints Despite 37% Revenue Jump

Marvell shares dropped 8% Friday after its fiscal 2028 outlook underwhelmed, despite 37% revenue growth, as investors questioned timing of a Google AI deal

Gap Raises Profit Forecast, Names New Old Navy CEO as Shares Jump 9%

Gap raised its annual profit forecast and named a new Old Navy CEO on Thursday as shares jumped 9%, with the namesake brand outperforming.

Bath & Body Works Raises Profit Forecast as Online Sales Offset Weak Stores

Bath & Body Works lifted its annual profit forecast as online demand offset weak store traffic, though it guided to lower third-quarter earnings.

FDA Approves Revolution Medicines Pancreatic Cancer Pill Daraxonrasib

The FDA granted expedited approval to daraxonrasib, a first-of-its-kind pill targeting the mutated protein behind over 90% of pancreatic cancer cases.

Abercrombie & Fitch Soars 37% on $100M Tariff Refund and Raised Guidance

Abercrombie & Fitch shares jumped 37% Wednesday after a roughly $100 million tariff refund, raised guidance and a 15th straight quarter of sales growth.

Vanguard Acquires Fintech Platform Altruist in $4 Billion Deal

Vanguard has agreed to buy fintech platform Altruist for about $4 billion, expanding its reach into the independent financial advice market.

Dick’s Sporting Goods Cuts Forecast as Footwear Demand Weakens, Stock Plunges

Dick's Sporting Goods missed Q2 revenue estimates and cut its annual forecast Tuesday, citing weak footwear demand and sending shares sharply lower.

Xpeng Shares Sink on Weak Delivery Outlook Despite $6.3 Billion Robot Valuation

Xpeng shares fell Monday as a weak delivery forecast overshadowed a $6.3 billion valuation for its robotics business, keeping focus on core EV demand.

Lego Posts Record First-Half Sales, Up 21% on World Cup and F1 Kits

Lego reported record first-half 2026 revenue of 41.9 billion kroner, up 21%, driven by World Cup, F1, Star Wars and KPop Demon Hunters ranges.

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