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News Highlights: Top Company News of the Day

07/25/2021 | 09:16pm EDT
China Tutoring Firms to Take a Hit From New Regulations 

Chinese education companies said that Beijing's new regulations that restrict after-school tutoring services will have an adverse material impact on their operations and financial results.

Credit Suisse Settles Spying Case With Ex-Executive Iqbal Khan 

The spying scandal is one of a slew of legal and reputational knocks dogging the bank.

Race for Covid-19 Pill Heats Up 

Japan's Shionogi has started human trials for a once-a-day drug designed to neutralize the coronavirus in less than a week as Pfizer and Merck carry out later-stage tests.

A Space Company's Wall Street Launch Misfires 

Investors weren't told about Momentus's technology challenges and national security issues, the SEC says.

Chicago Casino Would Be Costly, Gambling Operators Say 

Chicago is hoping a megacasino will aid its underfunded pensions but such projects face high costs and potential for political and zoning issues.

Boston Beer Shares Fall After Hard-Seltzer Demand Sputters 

The company missed Wall Street analysts' earnings and sales projections for the fiscal second quarter.

Huawei Hires Democratic Lobbyist Tony Podesta 

The hiring comes amid a renewed D.C. lobbying push by the Chinese company, which had faced relentless attacks by the Trump administration.

Kimberly-Clark Plans Higher Prices Through Next Year 

The consumer-goods maker lowered its sales and profit outlook, as rising materials costs and weaker demand for paper products weighed on its second-quarter results.

GM Recalls Chevy Bolts for Second Time Due to Fire Risk 

The company is asking owners of 2017-19 model year Bolts to keep their electric-vehicle charges at a certain level and to park the cars outside after charging them.

Oil Servicers Climb Out of a Hole 

Halliburton, Schlumberger and Baker Hughes started tightening their belts in 2019.They now say the worst is now behind them.

(END) Dow Jones Newswires

07-25-21 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES COMPANY 0.75% 24.22 Delayed Quote.15.30%
DJ INDUSTRIAL 0.10% 34798 Delayed Quote.11.93%
LONDON BRENT OIL 0.92% 78 Delayed Quote.46.73%
PFIZER, INC. -0.57% 43.94 Delayed Quote.19.40%
S&P 500 0.15% 4455.48 Delayed Quote.17.03%
SCHLUMBERGER LIMITED 0.45% 29.01 Delayed Quote.24.37%
SHIONOGI & CO., LTD. 1.54% 7493 End-of-day quote.32.97%
THE BOSTON BEER COMPANY, INC. -2.11% 514.59 Delayed Quote.-47.13%
WTI 0.88% 73.935 Delayed Quote.49.32%
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