Oura Postpones IPO Over Market Uncertainty
The smart-ring maker said it was delaying its listing despite strong demand.
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CarMax Posts Higher Profit as Vehicle Sales Rise
CarMax logged higher profit and sales in the latest quarter, as the used-care retailer sold more vehicles at higher prices.
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OpenAI Scraps Release of New AI Model Over Safety Concerns
The model, dubbed GPT-6.1 Astra, was due to debut inside ChatGPT and Codex in October.
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Shell to Double Production Capacity at LNG Canada
The British energy major said it would build two additional liquefaction plants to double production capacity to 28 million metric tons a year as it bets on growing gas demand in Asia.
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Novo Inks Weight-Loss Licensing Deal With Hengrui Pharma
The Danish drugmaker signed a licensing deal for a weight-loss treatment being developed by Hengrui Pharma that could be worth up to $2.6 billion.
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Hapag-Lloyd Raises Guidance Again on Strong Demand, Freight Rates
It cautioned, however, that freight rates are volatile and that the outlook is subject to a high degree of uncertainty given current and persistent geopolitical challenges.
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Goldman's Board Has Discussed a Plan to Name John Waldron as Its Next CEO
Under the plan, David Solomon, who has led the bank since 2018, would step down as soon as next year and be executive chair.
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Shein's Earnings Disappoint, Sending Stock Lower
The fast-fashion retailer's rocky start as a publicly-listed company continued as its first earnings since listing disappointed, sending its Hong Kong-listed stock down to a record low.
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Google Appeals EU Requests on Android AI Access, Search Data Sharing
Google said it has filed appeals with the European Union's second-highest court against binding instructions to open up its Android operating system, allow other search engines to access search data.
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Samsung Commits $1.0 Billion to AI Infrastructure Firm Backed by KKR, Nvidia
The investment in Helix Digital Infrastructure brings the platform's total secured capital to more than $11 billion.
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AstraZeneca to Invest $2 Billion in Summit Therapeutics, Collaborate on Cancer Drugs
Summit shares surged in after-hours trading following the news of AstraZeneca's investment, as the two companies plan to ramp up their collaboration on developing cancer treatments.
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Raytheon Gets $20.7 Billion Contract to Accelerate AMRAAM Missile Production
Under the five-year contract, with two option years, Raytheon said it will scale AMRAAM missile production to record levels to meet long-term demand.
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AMD to Acquire World Labs for $8.2 Billion
The semiconductor company said the deal would help it develop better hardware, software and systems, especially in the growing field of physical AI and robotics.
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FAA to Delay 737 MAX 10 Approval Over New Software Glitch
Air-safety regulators will assess a possible safety risk before certifying the longest and final model of Boeing's bestselling jet.