Dow Jones Top Company Headlines at 5 PM ET: Meta Releases Coding Agent to Compete With OpenAI and Anthropic | Western ...

Meta Releases Coding Agent to Compete With OpenAI and Anthropic

The company, pressed by investors to generate revenue from AI, says its offering will cost less than popular alternatives.

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Western Digital Profit Surges as Revenue Grows

Western Digital reported a more than elevenfold increase in its fourth-quarter profit, driven by continued strong demand for its memory technology.

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Etsy to Cut 12% of Workforce as CEO Focuses on Core Marketplace

The layoffs, which came alongside a quarterly report showing growth across the business, are part of the company's goal of adapting its marketplace to changing online-shopping habits.

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Sandisk Revenue Soars on AI Data Storage Demand

The company posted a higher net income of $6.9 billion as the artificial-intelligence buildout continued to fuel demand for data storage.

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Google Overhauls AI Leadership as Longtime Chief Scientist Joins Wave of Exits

Demis Hassabis becomes chairman of Google DeepMind while Jeff Dean leaves to launch an AI-discovery startup.

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Expedia Raises Revenue View on Higher Profit, Revenue

The online travel agency said it now expects annual revenue to be $16.05 billion to $16.22 billion, up from a previous range of $15.6 billion to $16.0 billion.

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Zillow Swings to Loss on Restructuring Costs

The company posted a loss of $4 million as restructuring costs of $36 million weighed on the bottom line despite higher revenue.

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Goodyear Swings to Loss on Lower Tire Volume, Higher Costs

The company posted a loss of $204 million, or 71 cents a share, compared with a profit of $254 million, or 87 cents a share, in the year-ago quarter.

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Block Raises Outlook on Financial Solutions Growth

Block raised its full-year guidance and reported higher second-quarter revenue as growth in its commerce and financial solutions businesses helped to offset declines in Bitcoin.

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Hailey Bieber's Rhode Powers e.l.f. Beauty's Sales Growth

E.l.f.'s sales climbed 36% in the first quarter to $479.4 million, and the company raised its full-year sales guidance.

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CVS Health Launches Eli Lilly GLP-1 Partnership, Lifts Outlook as Profit Increases

CVS Health said it will revamp its weight management program through a partnership with Eli Lilly as the company lifted its full-year outlook and reported a nearly threefold increase in its second-quarter profit.

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Eli Lilly Posts Higher Revenue on Continued GLP-1 Demand

Eli Lilly reported higher net income and revenue in the recent quarter, fueled by continued surging demand for its GLP-1 weight-loss drugs.

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Theme Parks and 'Toy Story 5' Boost Disney Results

Third-quarter revenue increased 7% to $25.2 billion, driven by growth from the company's experiences unit.

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Kraft Heinz Raises Sales View Amid Efforts to Offset Higher Costs

Kraft Heinz had a narrower loss and lower sales in the second quarter, but raised its sales outlook as it aims to mitigate higher supply costs by raising prices.

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Uber Technologies Reports Moderating Growth, Issues Soft Forecast

Uber Technologies notched higher revenue in the second quarter but issued a soft outlook as it continues to invest heavily in autonomous vehicles.

(END) Dow Jones Newswires

August 05, 2026 17:15 ET (21:15 GMT)