Dow Jones Top Company Headlines at 3 PM ET: Longtime OpenAI Executive Brad Lightcap to Step Down | Cardinal ...
Longtime OpenAI Exec Brad Lightcap to Step Down
The AI company's former COO said he was leaving to "start something new."
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Cardinal Health Logs Mixed Sales, Sees Growth in New Year
Cardinal Health had a mixed fiscal fourth quarter in terms of sales across its two main business lines, but expects revenue to rise in both segments in the new fiscal year.
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Sony Group, TSMC to Form $4.7 Billion Image-Sensor Joint Venture
Sony Group has agreed to form a joint venture with Taiwan Semiconductor Manufacturing Co. to produce next-generation image sensors for smartphones.
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Lockheed Martin Investing Millions to Develop Hypersonic Weapons System
The defense contractor said itis making a multimillion-dollar investment to develop a modular system for delivering different payloads on hypersonic weapons, as the U.S. military seeks to accelerate development of the technology.
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Target Hires First Chief AI Officer in Retail's Latest Tech Push
The retailer said it would bring on two executives to focus on AI and user experience capabilities, a crucial element of its plan to recover from sluggish performance.
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Smithfield Lowers Outlook on Consumer Caution, Softer Meat and Hog Markets
Smithfield Foods cut its outlook for the year, as inflation-weary consumers continue to be choosier in the grocery store and higher costs pressure operations.
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Flight-Tracking Platform Sues Kalshi Over Flight Cancellation Prediction Markets
FlightAware says such markets could encourage unsafe tactics to cause cancellations and create the potential for disruption to air travel.
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Curaleaf Plans Hostile Bid for Rival Aurora Cannabis
Curaleaf plans to launch a $272 million unsolicited takeover bid to acquire Canadian cannabis company Aurora after its board repeatedly refused to negotiate an acquisition deal.
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Yankees Strike $2.6 Billion Financing Deal With Apollo Sports Capital
Yankee Global Enterprises, the parent company of the New York Yankees, said it reached a $2.6 billion financing agreement with affiliates of Apollo Sports Capital, providing capital for the baseball franchise's growth and refinancing existing debt.
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Hollywood Mogul Ari Emanuel to Buy Theater Giant in $6 Billion Deal
The media mogul's live entertainment business Mari Group said it had agreed to buy Britain's ATG Entertainment from a private-equity firm.
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An Oil Refiner That Fled California Is Back-With a Giant Pipeline From Texas
Phillips 66's 900-mile pipeline will carry gasoline, diesel and jet fuel from the Texas Panhandle to Phoenix and Los Angeles.
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Anthropic Tries to Shore Up Investor Confidence Ahead of Blockbuster IPO
The AI giant is racing to public markets this fall and has fielded tough investor questions on Chinese rivals, Trump-era tensions, and the artificial-intelligence infrastructure boom.
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On Holding Tempers Outlook as Running-Shoe Sales Underwhelm
The Swiss running-shoe maker now expects sales to grow in the low-20% range for the year after it deliberately stymied growth across its wholesale channels during the latest quarter.
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Intel Increases Size of Stock Offering to Raise $20 Billion
Intel plans to raise $20 billion by way of an underwritten public offering of 210.5 million shares priced at $95 each.
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Bumble Is Changing Its Core Dating Rule. The Stock Is Gaining.
Bumble is seeking a turnaround as its stock has fallen 96% from its 2021 high and the number of paying active users is declining.
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Domino's Set to Release New Individual-Size Pizza for Diners Who Don't Want to Share
The pizza chain aims to boost sales with a new rectangular pie geared toward individual orders, as more Americans eat meals alone.
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Samsung SDI Buys GM's Stake in U.S. Battery JV
The South Korean battery maker said it would use the Indiana plant to make batteries for energy storage systems and other high-tech applications.
(END) Dow Jones Newswires
August 11, 2026 15:15 ET (19:15 GMT)
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