Stocks
Single names, sectors, valuations and the trades behind the tape, explained in plain language.
Novo Nordisk defends strategy after two trial setbacks
Novo Nordisk is reassuring investors after two clinical trial setbacks, saying it will stick with its strategy and pursue small 'bolt-on' de
Fitch lifts Chalco's rating to A- on strong parent Chinalco support
Fitch Ratings upgraded Chalco to A- from BBB+, reflecting its view that the aluminum producer is tightly linked to state-backed parent China
BlackRock takes 3% stake in Spain's Indra, worth about €316M
BlackRock revealed a 3.002% holding in Spain's Indra, valued at roughly €316 million. The move puts the defense and tech firm on the radar o
SpaceX's first lockup expiry tests shares after 49% slide
SpaceX's first post-IPO lockup expires Thursday, freeing up to 912 million insider shares for sale. The stock is already down 49% from its J
Endeavour's A$372M reset hits profit, shares slide 5.5%
Endeavour Group, owner of Dan Murphy's and BWS, flagged A$372 million in mostly non-cash impairment charges as preliminary 2026 underlying p
Milky Mist trims IPO to 15.5B rupees after Temasek stake sale
Milky Mist Dairy Food has reduced its IPO to 15.53 billion rupees after selling a 5.16% stake to a Temasek unit. The offer opens August 11-1
Lucid targets $1.4 billion in savings to extend cash runway into 2027
Lucid aims to save $1.4 billion by trimming production, inventory, and spending, extending its cash runway into 2027. The move follows a qua
Paramount+ adds 2M subscribers as $110B Warner Bros. Discovery deal faces lawsuit risk
Paramount+ added 2 million subscribers in its latest quarter, but the bigger story is the clock on its $110 billion merger with Warner Bros.
Sales tax holidays boost retail sales, but McDonald's and Nike diverge
US retail sales got a boost from sales tax holidays in several states, with Redbook same-store sales up 8.7% year over year. But big brands
ON Semi's AI data center boom masks slow auto and industrial growth
Truist Securities says ON Semiconductor's latest quarter was driven by AI data center demand, while its larger automotive and industrial seg
US consumer spending holds up as back-to-school sales lift retail
US consumer stocks held steady as Redbook reported 8.7% year-on-year same-store sales growth, boosted by tax-free shopping weekends. McDonal
P&G to buy supplement maker Thorne for $3.8 billion
Procter & Gamble is buying supplement maker Thorne for $3.8 billion, adding to its lineup of wellness brands. The deal signals big consumer