Tag: Breaking News: Business
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China’s Geely to make EVs at Ford plant in Spain under new joint venture
Ford and Geely plan for the joint venture will begin operations in the first half of 2027, with the first new vehicles scheduled to roll off the line in 2028.
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Eli Lilly says it will file for approval of next-generation obesity drug in 2027 as it clears two more trials
There are now positive results from five late-stage trials on retatrutide, which Lilly is positioning as the next pillar of its obesity portfolio.
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Russia’s Amazon-style retail giant Wildberries is now in Ukraine’s crosshairs. Here’s why
Ukraine has ratcheted up its attacks on Russia’s Amazon-style retail giant Wildberries, signaling a new phase in the war.
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John Paulson says we are in the early stages of a long-term bull market for gold
He said demand for bullion continues to broaden, led by central banks that have been adding to their reserves alongside growing private-sector interest.
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Southwest Airlines’ third-quarter forecast falls short as fuel bill climbs
Southwest Airlines reported a more than 9% increase in second-quarter profit as higher fares are increasingly helping the airline cover its fuel tab.
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Senate panel advances China auto bill that could bar Mercedes-Benz from U.S.
Mercedes-Benz’s largest individual shareholder is Chinese state-owned BAIC. Cruz warned the bill could hurt Mercedes and accused GM of backing it.
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EU antitrust regulators clear Paramount-WBD merger as it faces challenge by U.S. states
European regulators signed off on Paramount’s proposed acquisition of Warner Bros. Discovery.
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Reddit stock sinks on report it may not renew Google AI content deal
Google’s AI summaries have reduced traffic to websites from the search results page and Reddit is reconsidering the benefits of the deal, the Journal said.
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Mortgage rates are rising again, but homebuyers are seeing some advantages
Mortgage rates last week rose to the highest level since last August, but homebuyer demand rose as well, as buyers see more supply.
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Peacock is getting a lift from World Cup, Spanish-language content
Peacock attracted new subscribers with the Spanish-language telecast of the World Cup, and executives say advertisers are taking notice.
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