Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend 
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook 
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans 
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits 
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9% 
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project 
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters 
The South Korean electronics giant LG Electronics Inc. will launch a US$1 billion electric car parts joint venture with Canadian auto parts company Magna International Inc. next year.
It will specialize in manufacturing electric car motors and parts such as inverters and board chargers.
LG Electronics, which will hold a 51 percent stake in the joint venture, will first spin-off its electric car parts business to create the new company, tentatively named LG Magna e-Powertrain Co.
Magna International will then acquire a 49 percent stake for $453 million.
LG plans to hold a shareholder meeting in March for approval of its plan before launching the joint venture in July.
LG has experience developing electric vehicle (EV) components for General Motors' Chevrolet Bolt and Jaguar's I-Pace while Magna has expertise in electric powertrain systems.
In 2018, LG Electronics bought Austrian automotive lighting system firm ZKW Group for 1.44 trillion won.
LG Group has been focusing its efforts on electric car parts technology, with affiliate LG Chem Ltd. spinning off its EV battery business into a separate company, LG Energy Solution Ltd., earlier this month.
