--- title: "Dow Jones Top Company Headlines at 7 AM ET: Oracle Shares Tumble Amid Pricey Data-Center Build-Out | Hugo ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/289456236.md" description: "Oracle shares fell despite strong cloud revenue growth. Hugo Boss stock rose on a €1.98 billion takeover bid from Frasers Group. Anthropic faced backlash over AI model restrictions, while OpenAI considers price cuts amid competition. Wizz Air withheld guidance due to Middle East tensions. South Korea fined Coupang $410 million for data breaches. Parabilis Medicines had a record IPO debut. DCC accepted KKR's revised $7.6 billion offer. Cracker Barrel CEO saved her job with a new strategy, boosting shares. UAW reached a tentative deal ending a GM truck supplier strike." datetime: "2026-06-11T11:21:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289456236.md) - [en](https://longbridge.com/en/news/289456236.md) - [zh-HK](https://longbridge.com/zh-HK/news/289456236.md) --- # Dow Jones Top Company Headlines at 7 AM ET: Oracle Shares Tumble Amid Pricey Data-Center Build-Out | Hugo ... Oracle Shares Tumble Amid Pricey Data-Center Build-Out The software and cloud-computing company reported cloud revenue rose 47%, including a 93% increase in cloud-infrastructure revenue. \---- Hugo Boss Targeted for Takeover, Boosting Shares U.K.'s Frasers Group said it would launch a cash offer of around €1.98 billion to take full control of the premium-apparel company. \---- Anthropic's New Fable AI Model Is Met With User Backlash Over Restrictions Guardrails make the powerful model less useful for AI researchers, though the company said it would grant safeguard-free access to the science community. \---- Wizz Air Withholds Guidance Due to Middle East Conflict The low-cost carrier posted a slump in net profit for the year through March and said it wasn't providing guidance for fiscal 2027. \---- South Korea Fines Coupang $410 Million Over Data-Law Breaches The fine on the e-commerce company is the largest ever imposed on a single company in South Korea. \---- Meta's Subscription Push Exposes Its Weak Hand in AI Charging users is the latest idea to expand beyond ads-a pickle Meta isn't likely to get out of soon. \---- Parabilis Medicines Shares Rocket Following Record Biotech IPO Oncology-focused drug company nabs $670 million in scorching stock-market debut. \---- OpenAI Considers Drastic Price Cuts, Anticipating War for Users With Anthropic The company might lower prices for tokens, the central unit for gauging AI costs, though the discussions are still in flux. \---- How Cracker Barrel's CEO Saved Her Job by Abandoning Her Own Strategy The restaurant chain's shares shot up Tuesday after Julie Felss Masino unveiled a more profitable outlook and said diners were returning. \---- UAW Reaches Tentative Deal to End Strike at Supplier to GM Trucks Workers at the former American Axle walked off the job June 1. \---- DCC Says It Intends to Accept Revised $7.6 Billion KKR Consortium Offer Proposal DCC said it would recommend an improved takeover offer from private-equity firms KKR and Energy Capital Partners to shareholders if a formal offer is made. (END) Dow Jones Newswires June 11, 2026 07:15 ET (11:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [CBRL.US](https://longbridge.com/en/quote/CBRL.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [GM.US](https://longbridge.com/en/quote/GM.US.md) - [BOSS.DE](https://longbridge.com/en/quote/BOSS.DE.md) - [CPNG.US](https://longbridge.com/en/quote/CPNG.US.md) - [DCC.UK](https://longbridge.com/en/quote/DCC.UK.md) - [WIZZ.UK](https://longbridge.com/en/quote/WIZZ.UK.md) - [FRAS.UK](https://longbridge.com/en/quote/FRAS.UK.md) - [KKR.US](https://longbridge.com/en/quote/KKR.US.md) - [ORCX.US](https://longbridge.com/en/quote/ORCX.US.md) - [ANTH.NA](https://longbridge.com/en/quote/ANTH.NA.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [OpenAI.NA](https://longbridge.com/en/quote/OpenAI.NA.md) - [AXL.US](https://longbridge.com/en/quote/AXL.US.md) - [ORCL-D.US](https://longbridge.com/en/quote/ORCL-D.US.md) - [KKRS.US](https://longbridge.com/en/quote/KKRS.US.md) - [KKR-D.US](https://longbridge.com/en/quote/KKR-D.US.md) - [KKRT.US](https://longbridge.com/en/quote/KKRT.US.md) ## Related News & Research - [Atalanta Sosnoff Capital LLC Reduces Holdings in Oracle Corporation $ORCL](https://longbridge.com/en/news/289657865.md) - [Uniting Wealth Partners LLC Grows Holdings in Oracle Corporation $ORCL](https://longbridge.com/en/news/289663015.md) - [Why Coupang (CPNG) Is Up 11.0% After Record US$409 Million Privacy Fine Is Clarified](https://longbridge.com/en/news/289673832.md) - [BREAKINGVIEWS-Coupang's cyber saga may come back to sting](https://longbridge.com/en/news/289719213.md) - [MercadoLibre's pullback and Coupang's regulatory fine: What long-term investors should do now](https://longbridge.com/en/news/289704344.md)