Dow Jones Top Company Headlines at 1 PM ET: Keurig Dr Pepper to Sell Chobani Stake, Pennsylvania Campus for $925 Million | Shein ...
Keurig Dr Pepper to Sell Chobani Stake, Pennsylvania Campus for $925 Million
Keurig Dr Pepper is selling its minority stake in Chobani, along with a Pennsylvania manufacturing facility, to the yogurt maker for $925 million ahead of the beverage company's planned spinoff of its coffee business.
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Shein Makes Ho-Hum Market Debut After Years of Geopolitical Drama
Once valued at $100 billion, the fast-fashion company now has a $26 billion market capitalization following its listing in Hong Kong.
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Fervo Secures Its Largest-Ever Geothermal Power Deal, With Google
The company, which counts Bill Gates as an early backer, went public in a buzzy IPO in May.
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OpenAI Hits Back at Apple Lawsuit Claiming It Stole Trade Secrets
The ChatGPT-maker says many of the accusations boil down to poor offboarding procedures inside the iPhone maker.
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Medtronic Lifts Outlook, Invests Over $700 Million in Heart Tech & Robotics
Medtronic raised its outlook for the year after posting higher fiscal first-quarter profit and sales, driven by broad-based demand and contributions from newer growth platforms.
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Gap Pushes Into the Lucrative Accessory Business With New Handbags
The brand has tapped former Coach designer Reed Krakoff to create a new line of handbags using its signature fleece and denim.
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SB Energy Files for IPO With Nvidia Backing
The company, which is majority-owned by Masayoshi Son's SoftBank, said it plans to trade on Nasdaq under the symbol SBE, and hasn't yet determined the number or pricing of shares in the proposed offering.
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Novartis Shares Climb After Pill Hits Goals in Multiple Sclerosis Trials
Novartis shares rose after the drugmaker reported positive results in two late-stage trials from its new pill for the most common form of multiple sclerosis.
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Jersey Mike's Is Winning the Sandwich War. It Still Needs to Win Over Gen Z.
The chain's affluent, older base gives it an edge. But to grow it also needs young customers.
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Anthropic Signs $35 Billion Cloud Deal Backed by Nvidia
Nvidia will supply the chips to the Texas data center and hold the lease, again using its financial might to boost a customer.
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IKEA Cuts Prices Across Europe as Cost of Living Pressures Persist
IKEA has cut prices by 15% to 25% on more than 1,500 products in Europe as it seeks to entice customers that remain under pressure from higher living costs.
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China's NIO Narrows Loss on EV Sales Growth, Expects Volume Pickup
Chinese electric-vehicle maker NIO reported a narrower loss in the second quarter, thanks to robust deliveries and its premium positioning.
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Frasers Targets Majority Ownership in Hugo Boss, Weighs Support for Chair
The British retail company said it plans to further increase its interest in the company, including through the purchase of more shares.
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Partners Group Switches CEOs as Private-Market Jitters Hit Performance
The Swiss asset manager has been hit by higher fund redemptions and declining revenue. Its shares slid.
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Dell Stock Is Up 247% This Year. Now It Has to Prove the AI Boom Isn't Slowing Down.
Dell is scheduled to report second-quarter financial results after the stock market closes on Tuesday.
(END) Dow Jones Newswires
September 01, 2026 13:15 ET (17:15 GMT)
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