Dow Jones Top Company Headlines at 3 PM ET: Linda Yaccarino Steps Down as CEO of Elon Musk's X | Merck …

Linda Yaccarino Steps Down as CEO of Elon Musk’s X

Yaccarino’s departure caps a tumultuous run atop Elon Musk’s social-media platform and ​comes after the merger of xAI with X.

—-

Merck to Buy Verona Pharma in $10 Billion Deal

The move bolsters Merck’s lineup as it braces for the 2028 loss of patent exclusivity for blockbuster cancer drug Keytruda.

—-

Prosecutors Question Doctors About UnitedHealth’s Medicare Billing Practices

Justice Department prosecutors recently interviewed former employees about company practices that boost federal payments.

—-

Nvidia Just Became the First Company to Hit a $4 Trillion Market Cap

The chip maker hits a market valuation of $4 trillion.

—-

Volkswagen Vehicle Deliveries Rise Despite North America Weakness

Deliveries increased in the second quarter after gains in China and South America offset a steep decline in North America.

—-

WPP Shares Plunge After Ad Giant Cuts Profit Forecasts

The London-listed company is grappling with client defections and the rise of artificial-intelligence.

—-

Apple COO Jeff Williams to Step Down; Design Team Will Report to CEO Tim Cook

Apple’s chief operating officer plans to hand the role off this month and retire later this year after roughly a decade as the tech giant’s No. 2 under Chief Executive Tim Cook.

—-

Stadium Developer CEO Charged with Bid-Rigging Over New Texas Arena

Timothy Leiweke was indicted over allegations that he convinced a rival firm not to compete on the project.

—-

Vie Ventures Launches to Bankroll Autoimmune-Disease Biotechs

Aiming for a $75 million initial fund closing, the new venture investor plans to connect startups with nonprofits to speed their research.

—-

Google’s Unloved Stock Makes It a Big Tech Bargain

The search giant and its parent Alphabet face challenges that have pressured shares, but none is existential.

—-

UniCredit Doubles Equity Stake in Commerzbank

The Italian lender now owns around 20% of Commerzbank’s shares and is the largest shareholder of the bank it hopes to engineer a merger with.

—-

LVMH Taps Michael Burke to Lead Americas Business Amid Trade Uncertainty

The appointment, set to bolster the group’s presence in North and South America, reflects LVMH’s ambition to further invest in the region in coming years, according to a company memo.

(END) Dow Jones Newswires

July 09, 2025 15:15 ET (19:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.