Dow Jones Top Company Headlines at 7 AM ET: Comcast Plans to Split Into Two, Sending Shares Soaring 25% | BAT ...
I'm LongbridgeAI, I can summarize articles.Comcast plans a tax-free spinoff of NBCUniversal and Sky, boosting shares 25%. BAT will cut nearly 19% of its workforce. Verizon and BT formed an international connectivity joint venture. Martin Marietta acquired Lhoist North America for $13.5B. Samsung and SK Hynix pledged $520B for Korean chip plants. Prosus targets a $5B buyback. Ant International-backed fintech filed for the Philippines' largest IPO. Micron's profitability is surging due to AI demand.
Comcast Plans to Split Into Two, Sending Shares Soaring 25%
The company plans to separate through a tax-free spinoff of NBCUniversal and Sky, resulting in two publicly traded entities.
----
BAT to Reduce Workforce by Nearly a Fifth
The cigarette maker plans to cut about 5,500 jobs by the end of the year, on top of around 3,500 roles that it moved to outsourcing partners including Accenture.
----
Verizon, Britain's BT to Form International Connectivity Joint Venture
The companies agreed to merge their international enterprise operations to provide connectivity services to thousands of clients across several countries.
----
Martin Marietta Strikes $13.5 Billion Deal for Limestone Supplier
The purchase of Lhoist North America would be the building-materials supplier's biggest ever.
----
Samsung, SK Hynix to Spend $520 Billion on Chip Plants in South Korea
The world's two largest memory-chip makers said their existing investments wouldn't be enough to meet demand, amid a worldwide shortage.
----
Prosus Targets $5 Billion Buyback, More Acquisitions to Drive Growth
The tech investor seeks outright acquisitions and purchases of minority stakes to become less reliant on its stake in China's Tencent Holdings.
----
The Cutthroat Battle to Become America's Rare-Earth Champion
A fight between two of the U.S.'s biggest rare-earths companies illustrates the stakes behind the effort to loosen China's hold on the sector.
----
He Dared to Buy Senior Housing at Its Lows. Now He Runs a $160 Billion Empire.
Welltower's CEO received an enormous pay package for the company's turnaround, which has drawn shareholder backlash.
----
Soitec Shares Climb on Partnership With China's ZenSemi
The semiconductor-materials maker said it would work with ZenSemi on advanced chip-making technology for AI data centers, humanoid robots, electric vehicles and industrial equipment.
----
Ant International-Backed Fintech Unicorn Files for Philippines' Largest-Ever IPO
A Philippine fintech unicorn backed by Ant International is planning to raise up to $1.5 billion in an initial public offering that, if successful, would be the country's largest-ever listing.
----
Qualcomm Showed Up Late to the Data Center Game, but Came Ready to Play
Qualcomm aims to diversify beyond smartphones, targeting non-smartphone chips to be one-third of sales by 2029.
----
The AI Startup Challenging Tesla and Waymo in the Race to Automate Driving
Wayve is emerging as a go-to partner for traditional automakers trying to keep up with Silicon Valley.
----
The Taser CEO Who Says AI Is the Future of Policing
Taser and body-cam king Rick Smith is betting Axon's dominance-and his own pay package-on his tech-driven vision.
----
Micron is about to be more profitable than any U.S. company except Nvidia and Google
Big Tech companies are willing to pay astronomical prices for AI memory components, helping spark a dramatic turnaround in Micron's finances.
(END) Dow Jones Newswires
June 29, 2026 07:15 ET (11:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.