☀️📈 Today's Top Stock Market Headlines (August 10)

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💰 Featured News

Dave Portnoy returns to lead Barstool as Penn Entertainment teams up with Disney, wins ESPN betting deal, and beats earnings expectations - CNBC

Disney plans crackdown on password sharing, following Netflix's lead and raising prices - CNBC

Target Expands Nationwide Starbucks Curbside Pickup - CNBC

Google and Universal Music Collaborate on AI-Generated Music Solution - Reuters

Novo Nordisk Soars on Strong Demand for Wegovy Weight-Loss Drug - CNBC

July CPI Inflation Rate Expected to Rise, Fed Remains Unconcerned - Fox Business

Supreme Court favors Apple in Epic Games battle, upholds App Store payment rules. - CNN

Amazon in talks to become anchor investor in Arm's IPO - Reuters

Telefonica teams up with Elon Musk's Starlink to connect remote customers - Reuters

🤝 Mergers and Acquisitions

Coach Owner Tapestry to Acquire Capri Holdings, Creating Global Luxury Fashion Powerhouse - CNBC

Regeneron Acquires Decibel Therapeutics, Sending Shares Soaring - Investopedia

Novo Nordisk to acquire Inversago Pharma to develop new therapies for people living with obesity, diabetes and other serious metabolic diseases - GlobeNewsWire

Trump's social media company, Digital World extend merger deadline to Dec. 31 - Market Watch

RWE quadruples investments to $9.9 bln in H1 due to U.S. acquisition - Reuters

Japan Gold Corp acquires “highly prospective and underexplored” North Taio project - Proactive Investors

Bushveld Minerals acquires Mustang battery company stake - Proactive Investors

Avid Technology Enters into Definitive Agreement to Be Acquired by an Affiliate of STG for $1.4 Billion - GlobeNewsWire

HotelPlanner Adds Lucid Travel to its Family of Brands - GlobeNewsWire

Burnham Holdings, Inc. Announces Acquisition of Combustion Services, Inc. - PRNewsWire

💼 Executives

UPS CEO says drivers will average $170,000 in pay and benefits at end of 5-year deal - CNBC

Disney stock down after Q3 earnings, plus CEO Bob Iger hints at password crackdown - Yahoo Finance

Luminar CEO talks: Revenue growth, new automaker partnerships, AI capabilities - Yahoo Finance

Dutch Bros. sees 34% revenue climb YOY, CEO talks earnings, growth strategy - Yahoo Finance

Rivian Won't Need to Raise More Capital Until 2025: CEO - Bloomberg

Lyft to Expand Its Ad Business as New CEO Eyes a Turnaround - WSJ

Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO - Market Watch

I get stories every day from patients about how Mounjaro is benefiting their lives: Eli Lilly CEO - CNBC

Rivian CEO on raising EV production: Tremendous levels of predictability across our supply base - CNBC

'I am bullish on hydrogen trucks', says Dana CEO James Kamsickas - CNBC

📈 Earnings

Disney's mixed results show cost cuts exceeding targets, despite streaming woes and dwindling Disney+ subscribers - CNBC

Roblox's Q2 earnings disappoint, stock plunges - CNBC

Carvana's stock soars as company raises Q3 outlook and boosts profit projections - Reuters

Alibaba Posts Strong Earnings and Stock Surges - CNBC

Supermicro's disappointing revenue outlook causes stock to plummet - Investors Business Daily

Wendy's reports mixed second quarter results - Proactive Investors

Honda's Q1 operating profit surges by 78% due to strong global sales and easing chip shortages. - Reuters

Akamai reports strong Q2 results, raises forecast - Investors Business Daily

Duolingo Soars on Strong Q2 Earnings Beat - Motley Fool

Sony Raises Guidance on Strong PlayStation Sales - Barrons

Lyft earnings fall after earnings beat, revenue slowdown - Yahoo Finance

Warby Parker stock rises on earnings beat, growing customer base - Yahoo Finance

Rivian Earnings Impressed. Wall Street Is Lifting Stock Price Targets. - Barrons

🇺🇸 North America

Viasat revenue grows as investigation continues into valuable satellite's malfunction - CNBC

Disney to raise price on ad-free Disney+ to $13.99 per month starting September 6 - CNBC

Amazon Prime Air loses two key operations leaders, as drone delivery struggles continue - CNBC

WeWork shares crater 25% after raising ‘substantial doubt' about survival - New York Post

Kellogg's Plans for Stranded Cereal Unit Look Soggy - WSJ

Yellow's Revenue Dropped, Liabilities Surged Ahead of Bankruptcy - WSJ

DraftKings falls 10% on new threat for sports gambling market share from ESPN-Penn partnership - CNBC

Insurers face long road, high cost to cover obesity drugs after promising Wegovy heart health data - CNBC

Private jet operator Wheels Up warns of 'substantial doubt' over its survival despite cash from Delta - Fox Business

PayPal's stablecoin: Breaking down the use and obstacles for this digital currency - Yahoo Finance

🇬🇧 Europe

European bank stocks bounce as Italy softens windfall tax blow - CNN

Allianz Sees Second-Quarter Profit Boost From Insurance - Bloomberg

Hapag-Lloyd net profit plummets 67% in H1, maintains outlook - Reuters

Cathay reaffirms plan to buy 32 new single-aisle Airbus aircraft - Reuters

Italy's Saipem wins $1 bln gas service contract in Libyan off-shore - Reuters

Natural catastrophe insured losses hit $50 bln in H1 - Swiss Re - Reuters

Building environment will be weak in the next 1-2 years, Wienerberger CEO says - CNBC

🇨🇳 Asia

China lifts ban on group travel to more than 70 locations, giving a boost to travel stocks - CNBC

Sony profits slump from weak movie performance, ongoing writers' strike - New York Post

U.S. judge greenlights Nio investor class action over factory claims - Reuters

Indonesia says Mitsubishi Motors plans to invest $375 mln in 2024 - Reuters

GigaCloud Technology Inc Announces Changes to its Board of Directors - GlobeNewsWire