Walgreens Earnings Beat Expectations but Fall Sharply From Year Earlier 
 

Drugstore chain Walgreens reports adjusted earnings of 96 cents a share, beating estimates for 90 cents.

 
Tencent, ByteDance Implement Fresh Layoffs Amid China's Economic Pains 
 

The latest round of job cuts at Chinese tech giants comes even as Beijing signals an easing of its regulatory campaign against the tech sector.

 
UBS to Pay $25 Million to Settle SEC Fraud Charges 
 

The Swiss bank agreed to settle fraud charges from the Securities and Exchange Commission over a complex options trading strategy that lost customers tens of millions of dollars.

 
Russian Gas Cuts Push Uniper Into Bailout Talks 
 

The German utility, one of Europe's largest, said earnings would be hit hard after Russia's Gazprom slashed natural-gas deliveries via the Nord Stream pipeline.

 
Big Pharma Won't Bail Out Battered Biotech 
 

While the biotech market rout presents pharma companies with cheap targets, don't count on a handful of deals to turn into critical mass.

 
Aerojet Rocketdyne CEO Poised to Win Proxy Fight Against Executive Chairman 
 

Shareholders appear set to elect the eight-person board slate put forth by CEO Eileen Drake based on the votes that have come in ahead of the shareholder meeting Thursday.

 
Trucking Company Schneider Invests in Chemicals Supply Marketplace 
 

Trucking company Schneider National is looking to expand its role in chemical distribution through an investment in a startup that is building an online marketplace for industrial raw materials.

 
Flying Coach Can Be Uncomfortable, but Flat Beds Are Coming 
 

Air New Zealand plans to introduce pods with flat beds in economy class, initially installing them on direct flights to Chicago and New York from Auckland.

 
Samsung Starts Mass Production of Most Advanced Chips 
 

Samsung Electronics has begun mass production of semiconductors using the most advanced 3-nanometer chip-making technology, becoming the first company to do so.

 
SenseTime Group Slumps After Expiration of Lockup Period 
 

Shares of Chinese artificial-intelligence company SenseTime Group posted their biggest intraday loss since their debut, after a six-month lockup requirement ended.

(END) Dow Jones Newswires

June 30, 2022 09:15 ET (13:15 GMT)

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