Spotify Raises Global Premium Prices to Boost Margins
Spotify is increasing Premium subscription costs by €1 in many non-US markets. This aims to improve margins and fund product innovation following recent financial results.
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Berkshire's Q2: Kraft Heinz Writedown, Tariffs, & Succession
Berkshire Hathaway's Q2 operating income fell 4%, net income plunged 59% due to a $3.76B Kraft Heinz writedown. Tariffs hit consumer goods. High cash, but Buffett's succession impacted stock.
Trump Admin Eyes Major GLP-1 Weight Loss Drug Coverage
The Trump administration is considering a five-year pilot program for Medicare & Medicaid to cover costly GLP-1 weight-loss drugs like Wegovy & Zepbound for millions, a significant policy shift.
Ferrari: Trade Winds and Stalled Growth
Ferrari's Q2 revenue slightly missed estimates; shares fell in the biggest drop since the 2016 listing. Despite flat shipments, the full-year outlook is confident due to lower US-EU tariffs and planned price hikes.
Trump's New Copper Tariffs & Domestic Mandates
President Trump has set 50% tariffs on semi-finished copper imports starting August 1, excluding refined copper.
VYNE Therapeutics' Vitiligo Trial Fails, Shares Plummet 74%
VYNE Therapeutics announced its Phase 2b trial for Repibresib gel in non-segmental vitiligo missed primary and key secondary endpoints, leading to trial termination and a share slump.