Dow Jones Top Company Headlines at 3 AM ET: UBS Launches Buyback of Up to $2 Billion | Avadel …

UBS Launches Buyback of Up to $2 Billion

The buyback program delivers on UBS’s plans to hand money back to shareholders after the Swiss government proposed tougher capital rules for the bank earlier this month.

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Avadel Shareholder Seeks Ousting Drugmaker’s Entire Board

ASL Strategic Value Fund wants the narcolepsy drugmaker to retain investment bankers and consider a sale.

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Delta Air Lines Works to Recover After Storms Snarl Weekend Travel

Rough weather struck the carrier’s Atlanta hub. Airlines have canceled more than 2,800 U.S. flights since Friday.

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Goldman Sachs Scraps Plans to Build Hotel Brand in Greece

The firm had big ambitions for three resorts with views of the Aegean Sea. It recently sold the properties, barely breaking even.

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KKR to Sell Stake in Indian Pharma Company for $1.4 Billion

The private-equity firm has agreed to sell its entire stake in India-listed J.B. Chemicals & Pharmaceuticals to Torrent Pharmaceuticals.

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Your Next Cruise to Mexico Could Cost More. Here’s Why.

A new passenger tax goes into effect on July 1 as the government negotiates with Royal Caribbean and other companies.

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Don’t Be So Fast to Welcome a Company’s Share Buyback Program

Who do buybacks really benefit? Hint: It’s not primarily the companies that repurchase their own shares, according to a new study.

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Menlo Ventures in Market for Next Set of Funds With AI Focus

The investor in Anthropic and other AI companies is raising about $1.5 billion for new venture funds.

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The Mysterious Billionaire Behind the OnlyFans Porn Empire

Leo Radvinsky is asking as much as $8 billion for the pornography-fueled subscription site he popularized, even as he personally avoids the spotlight.

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The 33-Year-Old Meat Heir Feeding America’s Protein Obsession

JBS overcame scandal to finally secure a listing on the NYSE. Is Wesley Batista Filho ready to be the third generation of family leaders?

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Saks Secures Financing and Plans to Make Debt Payment Monday

Owner of Saks Fifth Avenue and Neiman Marcus is expected to ask bondholders excluded from the financing to take a haircut.

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It’s Known as ‘The List’-and It’s a Secret File of AI Geniuses

Only a select few researchers have the skills for the hottest area in tech. Mark Zuckerberg and his rivals want to hire them-even if it takes pay packages of $100 million.

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Caesars Palace Times Square Submits Casino Proposal

Caesars Entertainment, SL Green Realty and Jay-Z’s Roc Nation have been working on the plan, which also includes Live Nation.

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Couche-Tard’s Bid for 7-Eleven Parent Looking Less Likely

Couche-Tard Chief Executive Alex Miller has said he believes the deal can clear regulatory hurdles. But some see scrapping the potential acquisition would allow Couche-Tard to focus more on its operations.

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SoftBank’s Founder Lays Out Vision to Be No. 1 in Artificial Superintelligence

SoftBank’s investment plans have come under scrutiny as Japan tries to close a deal with the Trump administration.

(END) Dow Jones Newswires

June 30, 2025 03:15 ET (07:15 GMT)

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