Dow Jones Top Company Headlines at 5 AM ET: AkzoNobel Shares Plunge After Sherwin-Williams, Nippon Paint Drop $14.5 Billion Bid | SpaceX ...

AkzoNobel Shares Plunge After Sherwin-Williams, Nippon Paint Drop $14.5 Billion Bid

AkzoNobel shares were down 19% after Nippon Paint and Sherwin-Williams ended their pursuit of the company.

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SpaceX Eyeing Roughly $1.75 Trillion Valuation in IPO Next Week

Banks are in line to make hundreds of millions of dollars from the offering; JPM has an additional role as party planner.

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Baidu Sees Healthy AI-Driven Revenue Growth in Next Few Quarters

Baidu expects to list its chip unit in Hong Kong within this year, and for artificial-intelligence income.to support healthy revenue growth over the next few quarters.

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Novo Nordisk Launches Wegovy Weight-Loss Pill in UAE

The United Arab Emirates becomes the second country to offer the pill after the drugmaker launched it in the U.S. in early January.

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Inditex Sales Accelerate Despite Tough Market Backdrop

Sales at the Spanish fashion retailer-which houses Zara, Massimo Dutti and Bershka-rose 11.5% compared with the prior year.

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Volvo Car's Sales Fall 5.5% as Industry Headwinds Continue

Sales in China remained under pressure due to the highly competitive industry landscape and challenging macro environment, the company said.

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Spain's AI Business-Software Group Factorial Hits $2.5 Billion Valuation

Venture-capital firm General Catalyst led the funding round-that also attracted interest from Atomico and Four Rivers-bringing in fresh capital to expand as AI reshapes the market.

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Broadcom Stock Faces Earnings Test as AI Chip Revenue Surges

Broadcom reports earnings Wednesday after AI-related revenue more than doubled in the prior quarter, with investors focused on guidance and demand from hyperscale customers.

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Greg Abel Puts His Stamp on Berkshire Hathaway With Pair of Megadeals

In one weekend, Warren Buffett's successor has given shareholders a reason to believe he is a savvy dealmaker.

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Nestle Partners With Startup Helaina to Develop Infant Formula With Human Proteins

The partnership comes a few months after Nestle's infant nutrition business was rocked by a tainted-ingredient crisis.

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Palo Alto Networks Revenue Rises as Customers Beef Up Cyber Defenses

Chief Executive Officer Nikesh Arora said the results should demonstrate that fears of a so-called "SaaS-Pocalypse," in which AI-native firms will come to displace legacy software incumbents, are misplaced as applied to the cybersecurity industry.

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GameStop Posts Higher Profit, Launches $2 Billion Buyback Program

The videogame retailer said sales rose to $835.3 million, driven by collectibles.

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GitLab to Cut 14% of Workforce as Part of AI Pivot

The maker of software-development tools is cutting 350 full-time employees and exiting 22 countries as part of a restructuring it floated in May.

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GM's Profitable Trucks Targeted in Latest UAW Strike

The dispute at a Michigan parts supplier imperils GM's Chevrolet Silverado and GMC Sierra pickups as well as midsize trucks.

(END) Dow Jones Newswires

June 03, 2026 05:15 ET (09:15 GMT)