News Highlights: Top Company News of the Day - Friday at 11 AM ET
Rivian's Long, Narrow Road to Profit
The electric truck maker's stock has caught a break thanks to Volkswagen's backing, but the arduous task of cutting costs has barely begun.
Infinera Stock Soars on Nokia Acquisition. It's Challenging Ciena and Huawei.
The combined Nokia and Infinera will have a market share of around 20% globally, broadly equal to Ciena but lagging Huawei's 31% share.
Nike's Slow Recovery Is Testing Investors' Patience
Nike's pullback from popular shoe lines is hurting its sales, and its new line of products likely won't make a big difference until next year.
DJT Stock Jumps Amid Consensus That Trump Beat Biden in Debate
The volatile stock-up more than a third in five days-tends to trade in step with sentiment for Trump.
TPG Launches Talent Company; Buys Boat Rocker's Untitled Stake
Private-equity firm TPG is launching a new talent management and representation company, with an initial investment in Hollywood talent manager Untitled Entertainment.
European Banks' Bid to Close Gap With Wall Street Temporarily Stumbles Into Politics
European banks' efforts to narrow the once-significant valuation gap with their American peers have faced what many analysts expect will prove to be a temporary setback.
Startup Silicon Box to Build $3.4 Billion Chip Plant in Italy
Singaporean startup Silicon Box is planning a new chip-making facility in Italy, the latest big-ticket investment in Europe as Brussels seeks to become more self-sufficient in chip production.
Shopping for a Car This Weekend? Be Patient-and Bring a Pen
Software firm CDK is bringing some stores back online following a cyberattack, but the problems could linger into next week.
Tractor Supply Retreats From DEI Amid Conservative Backlash
Tractor Supply said it is withdrawing its carbon-emissions goals and eliminating diversity, equity and inclusion positions within the company to represent the values of the communities and customers it serves.
Google, TikTok Ban Ads From ADHD Telehealth Company Amid Federal Probe
Done Global prescription drug practices are under scrutiny by the Justice Department, which announced charges against five more people in the case.
(END) Dow Jones Newswires
June 28, 2024 11:15 ET (15:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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