Dow Jones Top Company Headlines at 5 PM ET: Walmart Further Shuffles Top Executives | SpaceX …

Walmart Further Shuffles Top Executives

Kieran Shanahan, chief operating officer for Walmart U.S., will leave this week.

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SpaceX in Talks to Provide Computing Power for Pentagon’s AI Push

Elon Musk’s company would provide billions of dollars’ worth of data-center capacity under the arrangement, people familiar with the matter said.

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Apple and Nvidia Vie for Wall Street’s Crown

The iPhone maker briefly became the U.S.’s most valuable publicly traded company as investors are shifting focus from hardware supply to consumer execution.

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China’s Moonshot AI Releases Model to Challenge Top U.S. Systems

The company says its model outperforms some cutting-edge U.S. systems, the latest sign that Chinese labs can rival American counterparts.

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Taylor Farms Is Recalling Its Mexican-Grown Iceberg Lettuce From U.S.

U.S. authorities have linked the lettuce to a parasitic outbreak across more than 30 states.

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Travelers Scored an Earnings Beat. Were the Downgrades All Wrong?

The insurer defied Wall Street’s expectations, posting adjusted per-share earnings that were nearly double of what analysts projected.

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Fifth Third Profit Boosted by Comerica Acquisition

The Fifth Third Bank parent posted a profit of $763 million, or 83 cents a share, in the second quarter.

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Truist Financial Earnings Beat Estimates but Eyes Are on Bank’s Next Chapter

Truist Financial delivered strong second-quarter earnings Friday, but investors may be more focused on what the leadership transition to incoming CEO Michael Lyons could mean for the bank’s strategy.

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GSK Shares Slide After Drugmaker Drops Chronic Cough Treatment

GSK shares fell after the U.K. drugmaker said it would stop working on an experimental treatment for chronic cough after mixed results showed limited efficacy in late-stage clinical studies.

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Volvo Car Expects Sales to Strengthen on European Growth, U.S. Recovery

Volvo Car expects growth in Europe and a recovery in the U.S. to spur significantly stronger sales in the second half of the year, despite continued challenges in China.

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Meta Plans to Hire Top Amazon Computing Executive as It Weighs Cloud Push

Dave Brown, one of the most senior executives at Amazon Web Services, will bring his nearly two decades of experience to the social-media giant.

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Burberry Reports Sales Growth as It Moves Forward With Turnaround Plan

Burberry posted flat sales growth for its first quarter, but noted that it saw growth across divisions for the first time in three years.

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Verizon to Cut About 3,000 Jobs, Divest Itself of Some Retail Stores

The company plans to divest itself of 274 of its retail stores to franchise owners. Most of Verizon’s layoffs would come from the retail-store divestiture.

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Databricks Set to Hit $188 Billion Valuation With New Investment From Coatue

The startup’s valuation jumps 40% as the AI boom has driven demand for its data-analytics software.

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Sweden’s EQT Expects Strong Fundraising Momentum as It Posts Higher Net Profit

The buyout group reported rises in net profit and revenue for the first half aided by higher fee-generating assets.

(END) Dow Jones Newswires

July 17, 2026 17:15 ET (21:15 GMT)

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