Dow Jones Top Company Headlines at 3 AM ET: Big Banks Explore Venturing Into Crypto World Together With Joint Stablecoin | Federal ...
Big Banks Explore Venturing Into Crypto World Together With Joint StablecoinThe discussions involve payments companies co-owned by JPMorgan Chase, other large banks.----Federal Trade Commission Drops Pricing Lawsuit Against PepsiCoThe lawsuit alleged the beverage company provided promotional pricing deals to a single big-box customer but didn't give the same incentives to other retailers.----Oaktree in Takeover Talks With Superior IndustriesThe top lender, advised by law firm Paul Weiss, is in discussions to take over the aluminum wheel maker struggling with auto parts tariffs.----Chinese Drugmaker's Shares Jump in Strong Hong Kong DebutShares of Jiangsu Hengrui Pharmaceuticals soared Friday morning, as more companies seek to tap Hong Kong's capital markets.----Longer-term tariff predictions have proven too tough for these footwear and clothing companies. It's derailing their stocks.Executives at Ross Stores and Deckers say they will not provide full-year guidance----Hinge Health Goes Public, Delivering Much-Needed Win for Digital-Health StartupsThe NYSE debut is the first major IPO for a venture-backed digital-health company since the pandemic-era boom.----Fortescue Energy CEO to Resign in Executive OverhaulMark Hutchinson will step down as Dino Otranto, who leads the miner's metals business, assumes an expanded role.----Rooftop Solar Takes Gut Punch in House Tax BillThe bill sunsets renewable energy credits, as expected, but includes more stringent provisions and rollback dates that were seen as especially bleak for rooftop solar.----Goodyear Tire to Sell Majority of Chemical Business for $650 MillionGemspring Capital Management will acquire chemical facilities in Houston and Beaumont, Texas, as well as a related research office in Akron, Ohio.----Intuit Seeing Stable Environment for Consumers, Businesses While Tariffs Play OutStronger-than-expected results in the latest quarter prompted the financial technology platform to raise its outlook for the year.----Workday Logs Higher Revenue, Backs Outlook; Initiates Buyback ProgramThe human-resources software company logged higher first-quarter revenue and reaffirmed its full-year outlook as sales in its key subscription segment continue to rise.----Autodesk Boosts Full-Year Guidance After Increase in Quarterly SalesThe software company now expects full-year revenue between $6.925 billion and $6.995 billion, up $30 million on either end of the range. Shares rose in after-hours trading.