Barclays Overtakes Credit Suisse in Investment Banking

The U.K. bank's climb up the ranks is a sign that its long, frustrated push to be a major player is making progress thanks in part to the troubles of its Swiss rival.

 
Tesla Poised for Record Earnings

Wall Street expects the Silicon Valley electric-car maker to post second-quarter revenue of roughly $11.4 billion, up from $6 billion a year earlier.

 
Credit Suisse Settles Spying Case With Ex-Executive Iqbal Khan

The spying scandal is one of a slew of legal and reputational knocks dogging the bank.

 
Race for Covid-19 Pill Heats Up

Japan's Shionogi has started human trials for a once-a-day drug designed to neutralize the coronavirus in less than a week as Pfizer and Merck carry out later-stage tests.

 
A Space Company's Wall Street Launch Misfires

Investors weren't told about Momentus's technology challenges and national security issues, the SEC says.

 
Ryanair Sees a Further Drop in Fares to Counteract 'Pingdemic,' Travel Uncertainty

Ryanair said that it expects the U.K.'s current "pingdemic" to lead to more uncertainty and that it will counteract this with more price stimulation and lower fares in the near term.

 
Philips Launches EUR1.5B Share-Buyback Program

Koninklijke Philips launched a EUR1.5 billion share buyback as it reported a fall in second-quarter net profit after booking a provision against a faulty component used in some sleep and respiratory-care products, as previously flagged.

 
China's Tutoring Crackdown Slams Stocks

The country confirmed its intention to take drastic steps to restrain the booming after-school tutoring industry, the most recent regulatory assault on the sector.

 
Huawei Hires Democratic Lobbyist Tony Podesta

The hiring comes amid a renewed D.C. lobbying push by the Chinese company, which had faced relentless attacks by the Trump administration.

 
PCCW to Sell Data Center Business for $750 Million

PCCW has agreed to sell its data center business to a New York-listed infrastructure REIT DigitalBridge Group for $750 million, in a bid to focus on its main telecom business.

(END) Dow Jones Newswires

July 26, 2021 07:00 ET (11:00 GMT)

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