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Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns 
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Scandinavian Tobacco Group Sells BREAK and Moro Brands to Japan Tobacco for €176 Million 
SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth. 
South Korea Q2 GDP Beats Forecasts as AI Chip Exports Drive Growth 
KPMG Australia Appoints John Sams as CEO Following Audit Leak Scandal 
Oracle Stock Rises After Winning Up to $6.99 Billion U.S. Defense Software Contract 
European Stocks Slip as Earnings, UK Inflation and ECB Decision Keep Investors on Edge 
India FMCG Q1 Earnings Preview: Higher Input Costs Likely to Weigh on Profit Margins 
Nike Shifts China Online Sales Strategy to Boost Brand and Fight Local Rivals 
Oil Prices Rise as Houthi Attacks on Saudi Tankers Heighten Middle East Supply Fears 
Trump Administration Imposes New Forced Labor Tariffs on 60 Trading Partners 
Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook 
Billionaire activist investor Carl Icahn is threatening to kick off a proxy fight with McDonald's to end the use of gestation crates for pregnant pigs in its supply chain.
Icahn said he's prepared to shake up the company's board of directors if McDonald's does not improve its practices.
The fast-food vowed to order suppliers to do away with gestation crates in 2012 but has so far not complied with its announcement.
Gestation crates, or sow stalls, are small, metal enclosures where pregnant sows are confined.
The pork industry has defended the crates as a necessary measure to boost productivity and prevent the pigs from fighting.
