Nike’s stock leapt more than 10 percent in late trading after the sportswear leader unveiled a set of strategic adjustments and an upbeat revenue outlook that together signal the company’s turnaround is gaining traction. Once rocked by sagging demand, tariff headwinds, and excess inventory, Nike has systematically tackled each challenge—streamlining its supply chain, refocusing product…
Meta Platforms is on the brink of a potentially punishing showdown with European regulators over its “pay-or-consent” privacy scheme for Facebook and Instagram users. If the company’s recent tweaks fail to satisfy the European Commission’s Digital Markets Act (DMA) requirements, Meta could incur fines of up to 5 percent of its average daily global revenue—translating…
H&M has delivered a second-quarter profit that surpassed market forecasts, underscoring the early success of CEO Daniel Erver’s strategic overhaul. While sales dipped modestly amid cautious consumer spending, H&M’s renewed focus on profitability, efficiency enhancements and a refreshed product mix propelled operating profit to 5.91 billion Swedish crowns, edging past analysts’ 5.88 billion crown estimate.…
When the Trump Organization unveiled its gold-hued T1 smartphone this month, it boasted of a “MADE IN THE USA” badge front and center on its website. But within days of the launch, that claim quietly vanished, replaced by vague references to “American-Proud Design” and devices “brought to life right here in the USA.” The retreat…
U.S. exchanges and the Securities and Exchange Commission have been engaged in months of high-level discussions aimed at overhauling the regulatory framework for publicly traded companies. With the number of listings languishing near multi-decade lows—down 36 percent since 2000—market operators are pressing for targeted relief to lower the cost and complexity of going and staying…
Britain’s antitrust authority is poised to compel Google to provide users with prominent links to rival search engines, marking a significant intervention in the digital marketplace. The Competition and Markets Authority (CMA) has invoked new powers under the UK’s Digital Markets, Competition and Consumer Bill to address concerns that Google’s entrenched market position—accounting for more…
Australia’s landmark social media age-restriction law is set to take effect this December, barring children under 16 from creating accounts on major platforms. Yet a fierce debate has erupted over whether YouTube should be exempted from the rules—a dispute that pits the country’s eSafety Commissioner against the government and the Silicon Valley giant alike. As…
European carmakers Stellantis and Renault have launched a joint campaign urging Brussels to carve out a new, less‑stringent vehicle category to shield domestic manufacturers from an influx of low‑cost Chinese small electric vehicles. Facing mounting pressure from competitively priced mini‑EVs that skirt the high engineering and regulatory costs imposed by the European Union, the two…
Eli Lilly has reported a warm reception for its obesity and diabetes therapy Mounjaro in India, underscoring both the urgent need for effective weight‑management solutions and the vast commercial potential of one of the world’s fastest‑growing markets for obesity drugs. Having outpaced competitors to bring the once‑weekly injectable to Indian patients earlier this year, Lilly…
India’s Competition Commission has unearthed evidence showing that the world’s leading advertising agencies secretly coordinated to fix commission rates and pitch pricing, effectively placing a floor under media-buying costs for major clients. Top executives from global groups—including WPP’s MediaCom, Omnicom Media, IPG Mediabrands, Publicis, Havas, Dentsu and Madison—used industry associations and encrypted messaging to align…
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