Dow Jones Top Company Headlines at 1 PM 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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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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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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Amazon Cuts Jobs in Artificial General Intelligence Unit
Amazon said it remains committed to investing in AI, describing the layoffs as part of an effort to prioritize the initiatives it believes will have the greatest impact for customers.
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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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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.
(END) Dow Jones Newswires
July 22, 2026 13:15 ET (17:15 GMT)
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