Jul. 30 at 5:02 PM
*Autos & Mobility*
$MBG: Pauses US EV deliveries due to weak demand. Plans 17 EVs and 19 ICE models by 2027.
$P911.DE (Porsche): Cuts profit outlook again—€400M tariff hit. Operating profit -67% YoY, warns it's a long-term challenge.
$ASTON Martin: Slashes margin/EBIT forecast. Q2 revenue -34%, calls UK–US tariff structure flawed.
$HMB.DE (Hermès): Q2 sales up 9% to €3.91B. Beats luxury slowdown with scarcity model.
$ADIDAS: Q2 revenue slightly missed, but keeps FY outlook despite €200M tariff hit.
$JD: Nearing deal to acquire Ceconomy. Could be announced tonight per Reuters.
*Energy, Oil & Utilities*
$CVX: Gets restricted U.S. license to operate in sanctioned Venezuela, reopening small channel for American oil companies.
$MPLX: In talks to acquire Northwind Midstream from Five Point. Deal details TBD.
*Biotech, Healthcare & Pharma*
$XBI: FDA’s Vinay Prasad abruptly resigns amid gene therapy controversy and political pressure.
