Pins matching date:2026-07-16

Verizon said it will hand 274 company-owned stores to franchise operators and cut about 500 corporate jobs, moves affecting about 3,000 employees, effective 16 August 2026.

On 16 July 2026 Uber signed a business combination agreement to buy Delivery Hero for 41.50 euros a share in cash, valuing the German delivery group at US$14.8 billion, with 14 overlapping markets sold on to SSW Partners.

BYD's Camaçari complex in Bahia built its 100,000th electrified vehicle on 16 July 2026, a Dolphin Mini, with the workforce at 5,500, nine months after the plant's inauguration.

Li Auto launched the new-generation Li L6 on 16 July 2026 in a single Ultra trim at an unchanged RMB 249,800, with a 51 kWh LFP battery giving 300 km of battery-only CLTC range and Li Auto's in-house Mach M100 chip.

TSMC announced a further US$100 billion Arizona expansion in July 2026. The Arizona Commerce Authority reported a resulting US$265 billion total encompassing 10 fabs, two advanced packaging facilities and an R&D center.

XPeng held the global launch of the Mona L03 compact coupe SUV in Munich on 16 July 2026, with nine China variants from RMB 123,800 in BEV and EREV form; it is to be sold in 64 overseas markets.

Swatch and Omega's MoonSwatch Mission to the Moon 1969 - 1,969 numbered pieces with an 18K Moonshine Gold dial made from melted-down 1969 Omega parts - was sold only by an online ESTA ballot open 16-21 July 2026, at $570.

On 16 July 2026 the FDA approved Merck's Lipfendra (enlicitide), a once-daily 20 mg tablet and the first oral PCSK9 inhibitor, to lower LDL cholesterol in adults with hypercholesterolemia.

The bakery returns to Fort Worth with cookies, cupcakes and cheesecakes.

BYD Group signed a three-year global partnership through June 2029 making it Paris Saint-Germain's Official Automotive Partner, with BYD and Denza cars for the club and branding at the Parc des Princes.

Moonshot AI releases Kimi K3, a 2.8-trillion-parameter open-weight multimodal model with a 1 million token context window, priced at $3.00 per million input tokens and $15.00 per million output tokens, with weights published on 27 July.

TSMC reported second-quarter revenue of US$40.20 billion, up 33.7% from a year earlier, a 67.7% gross margin and record net income of NT$706.56 billion, guided Q3 revenue to US$44.6-45.8 billion and raised its 2026 capital budget to US$60-64 billion.

Abbott posted second-quarter sales of $12.59 billion, up 13.0% reported and 4.8% comparable, and adjusted EPS of $1.31, and raised its 2026 adjusted EPS guidance to $5.45 to $5.60.