Dow Jones Top Company Headlines at 11 PM ET: Samsung Expects Another Record Quarter on Robust AI Chip Demand | LG ...
I'm LongbridgeAI, I can summarize articles.Major corporate developments include Vertex Pharmaceuticals acquiring Crinetics for $10B, Solstice Advanced Materials buying Element Solutions for over $12B, and Lockheed Martin acquiring Ultra Maritime for $3.45B. Samsung expects record AI chip revenue, while LG projects doubled earnings. Microsoft cut 3,000 Xbox jobs, Strategy reported an $8.3B loss from Bitcoin sales, and TeraWulf signed a $19B lease with Anthropic.
Samsung Expects Another Record Quarter on Robust AI Chip Demand
The strong results from the world's largest memory chip maker are likely to help ease recent market concerns about the sustainability of AI computing-capacity spending.
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LG Electronics Expects Quarterly Earnings to More Than Double
The South Korean consumer-electronics company has projected a more than doubling in earnings for the second quarter, likely driven by a U.S. tariff return and resilient profitability across its home-appliance, television and vehicle-component businesses.
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Krispy Kreme Needs an Artisanal Touch to Make 'He-Man' Doughnuts
The company is hand-decorating doughnuts in a quest to lure younger consumers.
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Jet-Fuel Prices Have Plunged but Aren't Resulting in Much Lower Fares
Carriers see travelers continuing to pay up-and aren't rushing to bring back flights and routes trimmed during oil's surge.
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AI Giants Are Handing Out Tons of Free Computing Power to Grab Startup Share
The pitched battle for business users comes as AI companies seek lasting streams of revenue.
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Walmart Lowers Prices on Thousands of Items, Including Beef and Coca-Cola
The largest U.S. grocer wins praise from President Trump for the move.
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JPMorgan, Bank of America and Other Banks Explore a Deal to Shake Up Payments World
A deal for a card network could allow bigger transaction fees, but some bank executives are worried about backlash.
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Vertex Pharmaceuticals to Acquire Crinetics Pharmaceuticals for $10 Billion
The acquisition would add to Vertex's pipeline and potentially grow its annual revenue by $5 billion with the addition of Crinetics-developed drugs Palsonify and Atumelnant, the company said.
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Toyota to Move Tacoma Production to Texas in $3.6 Billion U.S. Expansion Plan
The automaker will boost vehicle production at its San Antonio truck and SUV plant.
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Barretts Minerals Parent $450 Million Talc Settlement Hinges on Product Safety Ruling
Minerals Technologies, parent of defunct talc supplier Barretts, asks bankruptcy judge to wait for a ruling on whether its talc was safe.
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Lockheed Martin to Acquire Ultra Maritime in $3.45 Billion Deal
Lockheed said Ultra Maritime's portfolio of anti-submarine warfare will complement and expand its ability to offer sonar solutions for maritime platforms.
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Microsoft Is Cutting More Than 3,000 Jobs in Xbox Division
The videogame unit's revenue has fallen and its Netflix-like subscription service is far below expectations.
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Strategy Logs $8.3 Billion Loss as It Sells Off Bitcoin
The loss comes after the company, formerly known as MicroStrategy, sold 3,588 Bitcoin for less than it paid.
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Solstice Advanced Materials to Buy Element Solutions for More Than $12 Billion
The Honeywell spinoff aims to expand its footprint in high-growth electronics and artificial intelligence infrastructure markets.
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Rogers Communications Buys Rest of Toronto Maple Leafs, Raptors for C$4.35 Billion
Rogers Communications is buying out the final portion of the Maple Leaf Sports and Entertainment from Larry Tanenbaum's Kilmer Sports for $3.06 billion.
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TeraWulf Signs $19 Billion Lease With Anthropic for AI-Infrastructure Campus
TeraWulf will partner with Anthropic to build an artificial-intelligence infrastructure campus in Kentucky that could generate $19 billion in revenue.
(END) Dow Jones Newswires
July 06, 2026 23:15 ET (03:15 GMT)
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