Industries

• Ellison Cements Status as Hollywood Mogul With Studio Mega-Deals
  It took just 13 months for David Ellison to acquire two of Hollywood’s most storied movie studios, but for the son of billionaire Larry Ellison, running both Paramount Skydance Corp. and Warner Bros. Discovery Inc. fulfills an ambition he’s held for years.
• Target Plans New Dress Code For Its Grocery Employees
  Target Corp. is rolling out a new dress code for food-and-beverage employees, the latest effort to reboot its grocery operations and consumers’ shopping experience.
• First Small Nuclear Reactors Seeking to Connect to Texas Grid
  Blue Energy Global Inc., a nuclear startup, has applied to connect to the Texas power grid, the first company to seek permission to deliver electricity from next-generation reactors in a push to meet surging demand from data centers.
• Waymo Boosts Private Debt Deal to $5 Billion in Push for Growth
  Waymo increased the size of its inaugural debt raise to $5 billion, tapping lenders to help fuel the robotaxi company’s growth as it expands globally.
• GOP Shifts $5 Million to South Carolina Senate Race as Worries Mount
  Republicans are bolstering US Senator Darline Graham’s campaign for a full term amid increasing concern that the race in South Carolina, traditionally a conservative stronghold, is tightening ahead of the Nov. 3 election.
• Gen Z’s Love of Malls Boosts NZ Stock, Defying Consumer Blues
  Shares of New Zealand firm Hallenstein Glasson Holdings are climbing, thanks in part to mall-loving teens who are helping the fast-fashion company defy consumer gloom at home and in Australia.
• NASA Eyes Bulk Rocket Buy for Moon Base Amid SpaceX Phaseout
  NASA is close to announcing a bulk purchase of rocket launches to fuel its $30 billion drive to build a permanent base on the moon for humans to live and work.
• SpaceX Proposes Gas Pipeline to Supply Cape Canaveral Rockets
  Elon Musk’s SpaceX is proposing to build a natural gas pipeline in Florida to deliver fuel for its Starship rockets launched from Cape Canaveral.
• US Heating-Oil Bills Expected to Rise 21% This Winter, EIA Says
  Heating bills for American households that rely on oil to warm their homes are expected to be 21% higher than last winter, according to the US Energy Information Administration.
• China Refiners Flock to Iraqi Crude as US Chokes Iran Supply
  China’s independent refiners are turning to Iraqi crude after a US blockade choked supplies from top source Iran, while competition from state-owned rivals priced most of them out of Russian barrels.
• Mideast Oil Chiefs Warn World Needs to Share Iran War Costs
  The heads of two of the Middle East’s biggest oil producers warned that the rest of the world will have to share the burden of paying for the Iran war and the need for infrastructure spending that it has created.
• Stellantis Union Lowers Forecast for 2026 Italy Vehicle Output
  Stellantis NV is likely to assemble about 10% fewer vehicles in Italy this year than previously forecast, according to the Fim-Cisl labor union, which lowered its estimates due to production stops at the group’s Mirafiori plant.
• Renault Appoints Michelin Executive Damois as Carmaker’s CFO
  Renault SA will replace its chief financial officer with Carine Damois to bolster its leadership at a critical time for Europe’s automotive industry.
• McDonald’s Franchisees Balk at Costly Bill to Upgrade Stores
  McDonald’s Corp.’s ambitious plan to overhaul its restaurants and menu is sparking angst among US franchisees facing upgrades that will cost at least $800,000 per location.
• Cookie Maker Rip Van Picks Ex-Hershey, Perdue Executive as CEO
  Rip Van Inc., a fast-growing maker of low-sugar sweet snacks, announced a former Hershey Co. executive as its new chief executive officer ahead of a push into more retail stores this month, including Walmart Inc.
• Quickmart Targets $1 Billion Sales, 125 Stores After Kenya IPO
  Kenya’s second-largest supermarket chain, which launched an initial public offering this week, intends to more than double revenue and add at least 50 stores over the next four years.
• Oprah-Backed True Food Kitchen Files Bankruptcy After Expansion
  True Food Kitchen, a health-food focused restaurant chain that counts Oprah Winfrey among its investors, has filed bankruptcy after struggling with management turnover and lingering effects of the Covid-19 pandemic.