Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend 
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors 
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth 
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake 
Serica Energy to Acquire Pharos Energy for £145.7M, Sending PHARP Shares Soaring 
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation 
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence 
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum 
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says 
South Korean home appliance maker LG Electronics Inc will set up a new business unit in Silicon Valley, California to explore new business opportunities and cooperate with leading tech firms there.
Rhee Sokwoo, who served as an associate director at the U.S. National Institute of Standards and Technology (NIST), will head the unit named LG's North American Innovation Center.
LG will also put up a business incubation center to support various new business opportunities and a "CX Lab" that will be managed directly under the CEO to boost design capability related to user experience.
The CX Lab will focus on studying how design affects the manner consumers interact with products.
Meanwhile, LG's robot business center will be now managed under its business solutions unit.
Other restructuring commitments include establishing separate divisions for refrigerators and dryers under the H&A Living Appliance Business and giving the Air Solutions Business a separate System Air Conditioner division.
There would also be the Disruptive Technology Innovation Lab and Disruptive Product Innovation Lab, which infuses R&D principles with the product planning.
Lyu Jae-cheol, who has been leading its living appliance business, has been promoted as the new chief for its home appliance & air solution (H&A) business division.
