Dow Jones Top Company Headlines at 11 AM ET: AMD and Anthropic Sign Major Chips-and-Investment Deal | Digital ...

AMD and Anthropic Sign Major Chips-and-Investment Deal

The 2-gigawatt deal covers tens of billions of dollars' worth of chips, and AMD will invest up to $5 billion in Anthropic.

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Digital Bank Revolut, Europe's Most Valuable Startup, Valued at $115 Billion

The British company agreed to a secondary share sale that boosted its valuation by around 50%.

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OpenAI's Planned Cloud Spending Hits $750 Billion as Computing Efforts Ramp Up

The AI giant has committed $20 billion to a new data-center project in Georgia and hired an architect of Elon Musk's computing build-out.

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AT&T Revenue Rises on Growth in Postpaid Phone, Internet Customers

AT&T's second-quarter earnings from continuing operations came in at 66 cents a share, compared with 62 cents a share a year earlier.

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Penske, Mitsui Bid to Take Penske Automotive Private in Near $4 Billion Deal

Penske Corp. paired up with the Japanese investment firm to offer $210 a share to take the auto dealership chain private.

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Nike Reboots Its Troubled China Operations

The sportswear giant will cut off most online third-party vendors selling its products to take more control.

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GE Vernova Boosts 2026 Revenue Target

GE Vernova raised its full-year revenue guidance and lifted its margin expectations after a second-quarter surge in orders boosted its backlog.

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Philip Morris Ramps Spending to Grow Zyn Brand

Philip Morris International is spending more to expand its Zyn portfolio and meet rising demand for the nicotine pouches.

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PulteGroup Profit Falls on Declining Revenue

The home builder posted a profit of $472 million, or $2.48 a share, compared with $608 million, or $3.03 a share, in the same quarter a year earlier.

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Blackstone Rolls Out New Private-Market Funds-This Time With Vanguard

The new offerings for individual investors follow an exodus from private credit funds earlier this year.

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Lloyd's of London Criticizes Former CEO's Close Relationship With Subordinate

John Neal failed to ensure whistleblower complaints about his relationship were handled appropriately, an investigation found.

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Anthropic Doubles Midterm Spending to $40 Million to Push AI Regulation

The move ramps up a conflict between warring factions in Silicon Valley over how to regulate the transformative technology.

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TECfusions Plans to Go Public in $4 Billion SPAC Deal

The Florida-based company, which hosts one of the largest AMD-based AI training clusters in North America, is set to combine with Apex Treasury listed in New York.

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Shares in Generic-Drug Makers Fall After Trump's Tariff Plan

Shares in several European and Asian makers of generic medicines fell after President Trump said the U.S. would place tariffs on such drugs starting in August 2028.

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Prologis Makes Final $18.7 Billion Bid to Take Over U.K.'s Segro

Prologis-the world's largest owner of industrial real estate-has made a 9.5% increase over its initial proposal to take over its smaller U.K. rival, ruling out further rises.

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Cal-Maine Sales Sink Amid Historically Low Egg Prices

Cal-Maine Foods swung to a fiscal fourth-quarter loss of $35.9 million, compared with a profit of $342.5 million a year ago.

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Volkswagen Strengthens Horizon Robotics Tie-Up to Advance Self-Driving Technology in China

Volkswagen's Carizon is deepening its partnership with Horizon Robotics to accelerate development of advanced automated driving technology.

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Santander Sees Targets on Track After Customer Gains, Lending Boost Profit

The Spanish bank's new customers and higher activity levels helped grow net profit as it seeks to bolster exposure to the U.S. and U.K. markets.

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Airbus Shares Climb on Midterm Profitability Goal

The stock gained more than 7% after the group said it aimed to significantly boost its profitability in the coming years, betting demand will remain strong.

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Nvidia Supplier Wistron Opens $700 Million Texas Site Producing AI 'Superchips'

The factory forms part of the $500 billion the U.S. company has committed to investing in advanced artificial-intelligence platforms in the U.S.

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Equinor Hikes Buyback as Earnings Jump on Higher Energy Prices

Second-quarter adjusted operating income jumped over 75% as the Norwegian energy major captured higher oil and gas prices triggered by the conflict in the Middle East.

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Cartier's Love Bracelet Has the Hype. The Birkin Still Has the Upper Hand.

Hermès continues to be the most reliable luxury stock, even if Cartier's owner Richemont is catching up.

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Sandoz to Engage With U.S. Policymakers After Trump's Tariff Plan

Trump posted on social media Tuesday that he would give generic drug manufacturers time to move facilities to the U.S. before putting in place a 100% tariff starting in August 2028.

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Zhongji Innolight Seeks Up to $7 Billion in Hong Kong's Biggest Listing This Year

The Shenzhen-listed company plans to plans to spend the majority of the offering's proceeds on investment in research and development and expanding its global production capacity.

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Fresnillo Gold, Silver Production Falls on Lower Ore Grades

Gold and silver production fell due to lower ore grades at key mines, but the miner backed its full-year guidance.

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Google Was a Lifeline for Publishers. Now Some Are Thinking of Cutting It Off.

Reddit, Politico and others are weighing how-or even if-they can work with the tech company as AI tools supplant traditional searches.

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OpenAI Models Escaped and Hacked a Company in Cybersecurity Test Gone Wrong

Before they could penetrate Hugging Face's defenses, the models needed a way onto the internet. They found one.

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Utilities Join Trump Pledge to Limit AI-Driven Increases in Electricity Bills

The effort could be hard to enforce because power prices are often decided by state regulators and electricity buyers and sellers.

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At GM, Trump's Second Term Means Big Trucks-and a Push Into the Defense Industry

After a fraught relationship during the president's first term, GM's latest pivots are boosting revenue.

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Texas Instruments Eyes a Record Quarter. Semi Demand Is Rising.

Texas Instruments will report earnings after the close. The growth of the chip maker's data-center business could be a signal for the rest of the artificial-intelligence trade.

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Alphabet Kicks Off Mag 7 Earnings, and It's Going to Be an AI Spending Palooza

Alphabet will report second quarter earnings after the stock market closes Wednesday. Analysts expect capex for the quarter to be $45.1 billion, a 101% increase from a year earlier.

(END) Dow Jones Newswires

July 22, 2026 11:15 ET (15:15 GMT)