Google to Move All Pixel Production Out of China by 2027 
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts 
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows 
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead 
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push 
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO 
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case 
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth 
Schott Pharma Stock Rises as Barclays Upgrades Rating on Growth Outlook 
Standard Chartered Expands Hedge Fund Access for Wealth Clients 
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 
Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits 
Shein Targets $26B-$27B Valuation for Hong Kong IPO 
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3 
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 
SK Hynix Shares Surge on Record $28.6 Billion Buyback 
Add as a preferred source on Google
Moët Hennessy-Louis Vuitton (LVMH) announced it would not purchase the shares of US-based jeweler Tiffany & Co. on the open market due to the turmoil in the financial markets caused by the pandemic.
The announcement is seen as a sign that LVMH wants to renegotiate for a cheaper deal.
LVMH's chief executive Bernard Arnault agreed to acquire with Tiffany & Co. for $16 billion last November at $135 a share, but share prices dropped to about $114 each.
Tiffany & Co.'s share price plummeted in March and later recovered before falling again this week due to LVMH's bid becoming doubtful.
During its board meeting Tuesday, LVMH focused on the pandemic's impact on its agreement with the jeweler.
Tiffany & Co employs over 14,000 and operates around 300 stores, with 12 in the UK.
LVMH has 156,000 employees and a network of more than 4,590 stores. Its 75 brands include Louis Vuitton, Dom Pérignon, Moet & Chandon, Christian Dior, Kenzo, and Tag Heuer.
