I'm LongbridgeAI, I can summarize articles.Dow Jones headlines cover diverse corporate activities: Nvidia formed a PAC for policy influence; Novo Nordisk shares dropped due to competition and downgrades; Best Buy raised earnings outlook on computing growth; Royal Bank of Canada reported record earnings. Enbridge launched a $1.95B pipeline JV, while Hormel cut sales forecasts. Kioxia and SanDisk plan $31B chip investments. Dollar General gained market share with low prices, Burlington plans price cuts via tariff refunds, and Build-A-Bear cut revenue views. Aker rose on an AI contract, DeepSeek reached a $74B valuation, SK Telecom spun off an AI data-center firm, and Pernod Ricard warned of US drinking declines.
Nvidia Forms PAC to Bolster Its Influence on Chips and AI Policy in Washington
The Nvidia Corporation Employees Federal PAC filed a state of organization with the Federal Election Commission. An employee can contribute up to $5,000 a year.
----
Novo Nordisk Shares Drop as Bank Downgrade Reflects Growth Concerns
The stock has tumbled 70% since its June 2024 peak, as the drugmaker has contended with intensifying competition from rival Eli Lilly as well as knockoff versions of its blockbuster Ozempic diabetes and Wegovy weight-loss jabs.
----
Best Buy Raises Outlook After Computing Growth Fuels 2Q Sales
The company now forecasts full-year adjusted earnings per share of $6.70 to $6.90, up from its prior guidance of $6.30 to $6.60.
----
Royal Bank Notches Record Earnings as Quarterly Results From Canada's Biggest Banks Beat Expectations
Royal Bank of Canada's record earnings in the latest quarter capped a strong period for the country's big lenders.
----
Kalshi and the Weather Co. Join Forces on Climate Trades
The trading platform is now getting input from experts that operate a leading weather app to verify popular climate-prediction markets.
----
Enbridge Forms $1.95 Billion Joint Venture to Expand British Columbia Pipeline
Enbridge has partnered with private equity companies KKR and Apollo Global Management to fund a 2.7 billion Canadian dollar, or $1.95 billion, expansion of its natural gas pipeline system in British Columbia.
----
Hormel Foods Cuts Sales Outlook Amid Consumer Pullback, Higher Costs
The food company, which owns Spam and Skippy peanut butter, cut its outlook for annual sales to a range of $12.1 billion to $12.2 billion from $12.2 billion to $12.5 billion.
----
Kioxia, Sandisk to Invest More Than $31 Billion in Memory Chips
Kioxia Holdings and Sandisk plan to invest more than $31 billion in Japan to strengthen their joint venture and drive the large-scale supply of flash memory chips in the age of artificial intelligence.
----
Dollar General Is Winning Over Inflation-Weary Shoppers With $1 Items
Dollar General is gaining market share as multiple factors put pressure on the discount retailer's core customer base, prompting shoppers to flock to its stores in search of low-cost goods.
----
Burlington Stores Plans to Use Tariff Refunds to Lower Prices
Burlington Stores recorded higher second-quarter sales and said it plans to use its tariff refunds to lower prices for shoppers.
----
Build-A-Bear Cuts Revenue View, Fires Exec After Summer Line Flop
The retailer cut its outlook for the second time this year and fired its chief growth officer after logging disappointing revenue and traffic in the second quarter.
----
Aker Shares Climb After Nscale Gets $45 Billion Contract
Aker stock jumped after it said Nscale had signed the contract to provide AI compute capacity at its Monarch site in West Virginia, U.S.
----
AI Startup DeepSeek Poised to Reach $74 Billion Valuation
The Hangzhou-based company is seeking to raise funding to bankroll research and development, and its expansion into computing infrastructure.
----
SK Telecom to Create AI Data-Center Company
KKR and a consortium of South Korean firms are investing $2.2 billion in an AI data-center company being created by telecommunications firm SK Telecom through a spinoff.
----
Jameson Maker Pernod Ricard Warns of Sales Hit as Americans Ease Off on Drinking
The distiller said fading interest in boozing in the U.S. would continue to weigh on sales, offsetting growing enthusiasm in newer drinking markets.
(END) Dow Jones Newswires
August 27, 2026 15:15 ET (19:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.