Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says 
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 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance 
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans 
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy 
SK Innovation Co denies reports by insiders that it has plans to put up a third battery plant in Hungary and that it has begun the process of selecting subcontractors for its construction.
The company insists that no decision has been made in putting up a third Hungarian plant.
According to SK Innovation, it has concluded that there is a need for further investments to prepare for an increase in car battery demand in Europe.
Currently, SK Innovation runs a plant with an annual capacity of 7.5 gigawatt-hours in the city of Komarom in northwestern Hungary.
The South Korean refining-to-battery conglomerate is also completing its second plant with a capacity of 9.8 GWh by 2022.
Komarom hosts the assembly lines of Audi, the plant of Daimler AG, which owns Mercedes-Benz.
SK Innovation, South Korea's top oil refiner, has been moving into the EV battery business since 2008 in its efforts to find new revenue sources.
The EV battery business has been robust as global automakers turn their focus on creating EVs due to tightened regulations on greenhouse gas emissions, which are being blamed for global warming.
