PG&E to Bury Power Lines in Fire-Prone Areas 

The California utility said the effort, which it earlier deemed too expensive, involves 10,000 miles of distribution lines and an estimated cost of $20 billion.

BHP Inks Nickel Supply Deal With Tesla 

BHP Group has signed a supply deal with Tesla Inc. for nickel, a commodity used in electric-vehicle batteries, from its Nickel West operations in Western Australia.

Chips' Biggest Political Pawn Still Has a Strong Game 

ASML faces little risk of lost sales amid an aggressive expansion, as the Dutch company remains the only game in town for a cutting-edge chip-making technology called extreme ultraviolet lithography, or EUV.

States Reach $26 Billion Pact to Settle Opioid Lawsuits 

States unveiled a historic settlement with drug companies to resolve thousands of suits, a milestone that could clear the way for the states to receive money early next year.

Chipotle Stock Hits a Record as Customers Return to Dining 

The burrito chain said higher prices haven't deterred consumers, and sales are outpacing prepandemic levels.

JPMorgan Awards Jamie Dimon Surprise Retention Bonus 

The board of the largest U.S. bank gave its chief executive new stock options as a retention bonus, signaling that it wants him to stay for several more years.

Whirlpool sales rise 32% in Q2, appliances maker raises guidance 

Whirlpool Corp. reported a 32% increase in quarterly sales and said it was raising its 2021 guidance on continued demand for its kitchen and laundry appliances.

Bustle Owner Eyes SPAC Deal, Acquires Some Spider Studios 

The all-stock deal for the owner of parenting websites Scary Mommy and Fatherly values the publisher at about $150 million.

Robinhood IPO Is No Giveaway 

The online broker will have to keep adding customers at a fast clip to justify the proposed IPO price at a time when revenues per account are under pressure.

Apple's Biggest iPhone Production Site Hit by Flooding in Central China 

The power went out and water seeped into Foxconn's Zhengzhou site, employees say, but the damage appears to be limited.


(END) Dow Jones Newswires

July 21, 2021 23:15 ET (03:15 GMT)

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