Dow Jones Top Company Headlines at 5 AM ET: SpaceX Supplier STMicroelectronics Slumps Despite Boost to AI Data-Center Sales Goal | Nestle ...

SpaceX Supplier STMicroelectronics Slumps Despite Boost to AI Data-Center Sales Goal

Shares in the European chip maker shed more than 15%, even though the chip maker raised its data-center revenue target for a second time this year.

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Nestle Sells Half of Waters Unit to Platinum Equity in $3.4 Billion Joint-Venture Deal

The agreement to offload half of its water unit-home to Perrier and San Pellegrino-to Tom Gores's Platinum Equity comes as it continues to shoulder hefty costs from its restructuring efforts.

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Intel Earnings Arrive as Chip Stocks Continue to Wobble

Intel is scheduled to report second-quarter financial results after the stock market closes on Thursday.

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China's XPeng Charts Course From EVs to Robots

Chinese carmakers spent the past decade replacing gasoline engines with batteries. The next will be about integrating cars with robotics, XPeng's chief executive says.

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Hyundai Profit Falls as Weak Auto Demand, Labor Unrest Weigh

Hyundai Motor recorded weaker second-quarter net profit as vehicle sales declined amid cooling global demand, marking the latest setback for South Korea's largest carmaker.

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AstraZeneca Wins EU Approval for Breast-Cancer Drug as U.S. Review Continues

The approval opens a big market for camizestrant as U.S. regulators continue to review the company's application there.

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BNP Paribas Lifts Dividend as Revenue, Profit Beat Estimates

The French bank-Europe's largest by assets-said net profit surged by a third on year, ahead of analysts' estimates provided by the company.

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UniCredit Raises Profit Targets, Expects Further Boost From Commerzbank

UniCredit raised its profit targets for this year and beyond, though net profit for the second quarter was hurt by a one-off hit tied to its offer for Commerzbank.

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TotalEnergies Uses Cash From War-Induced Price Rises to Cut Debt

Continued high oil and gas prices offered a boost to earnings while enabling the company to cut its net debt by $3.3 billion, bringing it down to just shy of $20 billion.

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Roche Backs Full-Year View as First-Half Sales Rise

The drugmaker's sales grew 6% on a constant exchange rate basis and exceeded analysts' expectations, according to a company compiled consensus.

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Repsol Sets Out Fresh Buyback as Earnings Surge

Repsol has no assets in the Middle East, and so has seen production broadly unaffected by the war this year.

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Eni to Buy European Fuel Service Station Business From Prax

The deal-for an undisclosed sum-was made through its Enilive subsidiary that is co-owned with U.S private equity company KKR, which has a 30% stake.

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Apollo Target easyJet Posts Profit Drop on Lower Demand, Fuel-Price Volatility

Results were dragged by higher fuel prices and lower consumer demand due to the Middle East conflict.

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Energizer Stockholder Powers Up an 11% Stake

Aqua Capital snapped up shares after a price drop.

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Google's AI Spending Spree Has Investors Nervous

The cloud division posted an 82% jump as the company's free cash flow turned negative.

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Tesla's $5.8 Billion in Spending Turns Cash Flow Negative Despite Revenue Surge

The electric automaker's shares fell in after-hours trading as earnings missed estimates.

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IBM CEO Says Company Culture Was Too Slow to Change

Arvind Krishna says the enterprise tech giant's mindset still has ties to massive licensing deals of the past.

(END) Dow Jones Newswires

July 23, 2026 05:15 ET (09:15 GMT)