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Diageo (LON: DGE) Unveils $1 Billion Cost-Cutting Plan as Operating Profit Drops 27.2% Despite $19.64 Billion Sales
On 6 August 2026, Diageo (LON: DGE) announced a $1 billion cost-cutting plan after reporting a 27.2% fall in operating profit, even though annual sales reached $19.64 billion. The world’s largest spirits company is dealing with weaker demand for premium drinks across several major markets, prompting a fresh approach to its business. Even with lower…
Amazon Pharmacy Expands $50/Month GLP-1 Access for Medicare Patients, Targets 4,500 US Cities by 2026
Amazon Pharmacy announced Thursday, August 6, 2026, that it joined the federal Medicare GLP-1 Bridge Program. Eligible Medicare Part D patients can now access GLP-1 medications for a flat $50 monthly copay. The program covers Wegovy, Zepbound, and Foundayo, with free home delivery included. Amazon Pharmacy currently serves over 3,100 US cities, expanding toward 4,500…
SpaceX (NASDAQ: SPCX) Stock Drops 50% as Retail Investors Add $22.7 Million
SpaceX shares have fallen roughly 52% from their post-IPO peak of $225.64. Yet retail investors bought $22.7 million worth of SpaceX stock in Wednesday’s first trading hour alone. That marked the third-highest first-hour retail buying total since the company’s June 12, 2026 debut. The dip-buying came right after SpaceX’s first earnings report as a public…
Rational AG (FRA: RAAG) Rises as Q2 Net Profit Climbs 15% to €73.1M; U.S. Tariff Refund Lifts Margins
On 6 August 2026, Rational AG (FRA: RAAG) reported strong second-quarter results, with net profit rising 15% year over year to €73.1 million. Revenue also moved higher, while a one-time U.S. tariff refund pushed the company’s operating margin above market expectations. Even with higher trade and operating costs, Rational continued to improve profitability. Investors are…
Swiggy (NSE: SWIGGY) Jumps Over 5% After Targeting ₹10,000 Crore Adjusted EBITDA by FY31
Swiggy shares jumped 6% on Thursday, August 6, 2026, after unveiling its FY31 growth vision. The stock rose to ₹305.10 from a previous close of ₹288.90. Swiggy’s market cap climbed to ₹82,326 crore following the announcement. The company targets ₹10,000 crore in Adjusted EBITDA within five years. Swiggy Stock Price Today: Shares Jump on FY31…
AppLovin Corporation Stock Crashes 20% After Earnings Miss Expectations
On 5 August 2026, AppLovin Corporation (NASDAQ: APP) surprised investors after reporting second-quarter earnings that came in below Wall Street’s expectations. The AI-powered advertising company still delivered strong year-over-year revenue growth, but weaker guidance for the current quarter led to a sharp sell-off. The stock dropped about 20% in after-hours trading as investors reacted to…
JPMorgan Faces Fresh Allegations Following The Wall Street Journal Investigation
JPMorgan Chase came under renewed scrutiny on Thursday, August 6, 2026, after The Wall Street Journal reported that federal prosecutors reviewed whistleblower allegations against the bank. The complaint claims JPMorgan mishandled fraud cases and improperly denied customers more than $100 million in reimbursements. JPMorgan stock closed at $352.96 on July 30, just below its all-time…
Kao Launches Shareholder Rewards Program on August 5, 2026
Kao introduces shareholder rewards program with product gifts worth ¥6,000-¥10,000 for holders of 400+ shares. Meyka rates the stock B+ with neutral outlook.
Trump’s Marine One Helicopter Came Too Close to Passenger Jet on Tuesday
Marine One carrying President Trump came closer than permitted to an American Airlines regional jet on Tuesday afternoon near Reagan National Airport. The FAA and NTSB are investigating the momentary loss of separation.