Dow Jones Top Company Headlines at 1 AM ET: Meta Ordered to Pay $942 Million to Address Harm to Kids From Social Media | Facing ...
Meta Ordered to Pay $942 Million to Address Harm to Kids From Social Media
A New Mexico judge ordered the social-media giant to create a new $567 million fund in addition to paying $375 million in previously determined civil penalties.
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Facing AI 'Apocalypse,' Once-Hot Software Companies Race to Reinvent Themselves
Generative AI is steamrollering the once booming industry known as software-as-a-service. "You have to burn the ships and start from the ground up."
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FAA Orders Inspections of Over 400 Boeing 737 Max Jets for Possible Cracks
The Federal Aviation Administration has ordered the inspections of Boeing 737 Max jets for cracks of a component that could affect the structural integrity of the planes.
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'Refine, Baby, Refine' Is the Energy Industry's New Mantra
America's fuel-makers are maxed out as they try to fill in the gaps of the global fuel supply crunch.
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Naver Posts Resilient Second-Quarter Profit Despite Higher AI Costs
The South Korean internet company posted resilient second-quarter earnings despite higher AI-related operating costs, supported by solid growth in its core search platform and e-commerce businesses.
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Ratings Firm Accused of Grade Inflation Vouched for $40 Billion of Insurer Debt
Egan-Jones says it stands by the integrity and rigor of its ratings, which have been banned by a key regulator and are the focus of a lawsuit brought by former employees.
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FDA Approves Replimune's Melanoma Drug on Third Attempt
The agency had turned down two earlier applications over clinical data-quality concerns.
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Airbnb Boosts Full-Year Forecast on Strong Demand as AI Bets Pay Off
The short-term-rental company said it now expects revenue to increase by at least a mid-teens rate this year, up from its prior projection for growth in the low- to mid-teens.
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Rocket Revenue Surges on Mortgage Market Share Gains
Rocket Companies reported higher second-quarter revenue as its market share in both purchase mortgages and refinancings rose.
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Nielsen to Buy DoubleVerify
Nielsen Holdings agreed to buy DoubleVerify in a deal with an enterprise value of about $2.15 billion.
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DraftKings Second-Quarter Revenue Falls, Hurt by Promotions
The online sports betting company posted a loss of $67.6 million for the second quarter, compared with a profit of $157.9 million a year earlier.
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Consolidated Edison Reports Higher Profit, Revenue
The New York-based utility company posted a second-quarter profit of $308 million, up from $246 million a year earlier.
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Sweetgreen Lowers Full-Year Outlook Due to Cyclosporiasis Outbreak as Loss Widens
The company now expects same-store sales to drop between 7% and 8% due to lower demand from the multistate cyclosporiasis outbreak..
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Crypto Trader Wintermute Steps Onto Regulated Wall Street With Broker License
One of many digital currency firms pushing into traditional finance services, Wintermute aims to take on Jane Street, Citadel and other big market makers.
(END) Dow Jones Newswires
August 07, 2026 01:15 ET (05:15 GMT)
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