Dow Jones Top Company Headlines at 3 PM ET: California Cancels Paramount Meeting, Citing Leaks | EV-Maker ...
I'm LongbridgeAI, I can summarize articles.Dow Jones headlines cover diverse corporate and regulatory events: California cancels a Paramount-Warner merger settlement meeting due to leaks; the FTC settles antitrust concerns with Zillow and Redfin; NHTSA expands its GM braking system investigation. In tech and EV news, Polestar faces U.S. market bans, XPeng's losses widen amid AI investments, while Alibaba raises $10.2B for AI and YMTC seeks a $4.9B IPO. Financially, Canada's big banks expect strong quarters, SoftBank plans record bond issuance, and Eli Lilly launches a weight-loss pill in the UK.
California Cancels Paramount Meeting, Citing Leaks
The two sides were scheduled to discuss a settlement of a multistate antitrust lawsuit aiming to block the Paramount-Warner merger.
----
EV-Maker Polestar Says Trump Administration Strung It Along Before U.S. Ban
The Chinese-owned automaker told dealers it is still trying to understand why it is being banned from the U.S. market.
----
Canada's Big Banks Expected to Log Another Strong Quarter While Valuations Stretched
Canada's biggest banks face a high bar ahead of their latest quarterly readouts, as recent strong trends have stretched market valuations.
----
FTC Reaches Settlement With Zillow, Redfin Over Antitrust Concerns
The FTC said its settlement unwinds an agreement from last year, in which Zillow paid Redfin $100 million to shut down its internet-listing services business and stay out of the market for up to nine years.
----
NHTSA Expands Investigation Into GM Braking System
The National Highway Traffic Safety Administration is expanding its investigation into GM's electronic braking system after receiving several complaints.
----
FDA Approves Alzheimer's Blood Test Developed by Roche and Eli Lilly
The Food and Drug Administration cleared a blood test for identifying Alzheimer's disease symptoms, which was developed by Roche and Eli Lilly.
----
UAW Workers Reject Deere's Contract Extension Offer, Setting Up 2027 Battle
UAW President Shawn Fain called the offer an effort to avoid the usual bargaining process.
----
XPeng Net Loss Widens Amid Physical AI Push
The Chinese EV maker remained in the red despite resilient margins, as heavy investment in new models and AI-related tech outweighed profits from its main business and higher-margin services.
----
Eli Lilly Launches Foundayo Weight-Loss Pill in U.K.
The once-daily pill was approved for patients with a body mass index of at least 30, or between 27 and 30 in the event of at least one weight-related health condition.
----
SoftBank Plans Record Retail Bond Issuance Amid AI Push
The fundraising comes as SoftBank seeks to finance an increasingly ambitious AI strategy.
----
Alibaba to Raise $10.20 Billion for AI Investment With Share Placement
The Chinese company has been spending heavily on the technology as it jostles with rivals for dominance in the rapidly growing AI sector.
----
YMTC Seeks $4.9 Billion IPO
China's flagship memory chip maker filed for an initial public offering in Shanghai that is set to be among the country's biggest share sales by a semiconductor maker in years.
----
Wendy's CEO Aims for Chain to Get Back in the Burger Fight
Bob Wright said that the chain has traded quality for cost savings and that a former McDonald's executive is joining as marketing chief.
(END) Dow Jones Newswires
August 24, 2026 15:15 ET (19:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.