SpaceX Stock Slump Wipes Out Nearly $700 Billion From Elon Musk’s Paper Wealth 
Paramount-Warner Bros. Merger Delayed Until 2027 Amid Antitrust Lawsuit 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says 
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend 
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum 
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters 
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project 
Shein Reports $99 Million Loss Ahead of Hong Kong IPO as U.S. Tariffs Hit Sales 
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans 
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance 
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence 
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits 
Coca-Cola Raises Diet Coke Prices in India as Iran Conflict Disrupts Can Supply 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
OpenAI AI Agent Reportedly Breached Hugging Face, Raising AI Safety Concerns 
Nike Inc’s third-quarter revenue rose to $10.36 billion from $10.1 billion, missing analysts' expectations of $11.02 billion, due to shipping issues and a slump at brick-and-mortar stores.
Investors were also disappointed by Nike's forecast of “low-to-mid-teens” full-year revenue growth, falling just short of the 15.9% increase in sales that analysts were expecting.
Nike said revenue from North America dropped 11 percent due to container shortages and US port congestion that held up inventory by over three weeks.
Chief Financial Officer Matthew Friend said they expect to capture this delayed revenue in the fourth quarter.
Nonetheless, Nike’s net income climbed to $1.45 billion, or 90 cents per share, in the third quarter ended Feb. 28, from $847 million, or 53 cents per share, in 2019. It beat analysts' expectations of 76 cents earnings per share.
In Europe, the Middle East, and Africa (EMEA), 45 percent of Nike-owned stores were closed for the last two months of the quarter. Only 65 percent of stores in EMEA are operating.
