News Highlights: Top Company News of the Day - Thursday at 3 PM ET
DuPont Is Again in China's Firing Line in Trade War 2.0
Shortly after President Trump announced an increase in tariffs on U.S. imports from China, regulators in Beijing unveiled a probe of DuPont, alleging unspecified monopolistic behavior.
U.S. Steel Stock Plunges. Trump Throws Cold Water on Japan Deal (Again).
After authorizing a new national security review for the U.S. Steel-Nippon Steel merger, President Donald Trump said he doesn't want U.S. Steel owned by the Japanese.
Modelo Brewer Says Immigration Crackdown Has Spooked Latino Shoppers
Constellation Brands says its quarterly beer sales fell for the first time in more than a decade.
Prada Strikes $1.4 Billion Deal for Versace
Deal talks had been dragging on with market turmoil.
Amazon CEO Says Generative AI Will Reinvent Every Customer Experience
Generative AI is going to reinvent virtually every customer experience and enable entirely new ones that have only been dreamed about, Amazon.com Chief Executive Andy Jassy said.
CarMax Stock Sinks After Earnings. Tariffs Could Drive Used Car Prices Higher, CEO Says.
A 25% tax on automotive imports went into effect at the end of March.
AI Boom to Fuel Surge in Data Center Energy Needs, IEA Says
The global push for artificial intelligence is poised to fuel a sharp rise in electricity demand, with consumption from data centers expected to more than double by the end of the decade, according to the International Energy Agency.
STMicroelectronics to Shed Nearly 3,000 Jobs Amid Sluggish Chip Sales
The Tesla supplier said it would cut nearly 3,000 jobs through 2027 as the European chip maker seeks to revamp its fortunes after months of lackluster sales.
BMW Deliveries Slip on China Weakness, Despite Strength in Europe and U.S.
The automaker's deliveries fell 1.4% on year in the first quarter as strong growth in Europe and the U.S. failed to fully offset a demand slump in China.
Tesla Stock Is Diving. 2 Big Problems Facing the EV Maker.
The EV maker's shares, along with those of other auto makers, rallied after President Donald Trump's decision to pause some tariffs. The car industry still faces stiff levies, though.