Schott Pharma Stock Rises as Barclays Upgrades Rating on Growth Outlook 
Coty Revenue Beats Estimates as Beauty Demand Holds Firm 
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars 
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth 
Shein Targets $26B-$27B Valuation for Hong Kong IPO 
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts 
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO 
Standard Chartered Expands Hedge Fund Access for Wealth Clients 
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports 
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead 
OpenAI Tightens AI Safety Monitoring After Security Incidents 
Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push 
Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits 
Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised 
Add as a preferred source on Google
US industrial giant General Electric would shut or sell its coal-fired power plants to prioritize renewable energy and power generation businesses.
GE is one of the world's biggest builders of coal-fired power plants.
According to Russell Stokes, GE's senior vice president, the firm is focused on power generation businesses that have attractive economics and a growth trajectory.
The Natural Resources Defense Council noted that for years, communities and organizers have called out GE about its coal business. It called GE's decision a long-overdue step towards protecting the communities' health and the environment.
In its exit from the new-build coal power market, GE vowed to continue supporting its customers in keeping existing plants operate cost-effectively and efficiently with best-in-class technology and service expertise.
However, GE warned that jobs could be lost in the process.
Due to the pandemic, GE is already cutting up to 13,000 jobs at GE Aviation, which manufactures jet engines.
