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  Barrons.com

  Dow Shakes Off Losses

  The Dow Jones Industrial Average made a valiant attempt to get positive after spending most of the morning in the red. The blue-chip index inched 29 points higher, up just less than 0.1%, to 34,507.87.

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  Reuters

  Ethiopian Airlines to manufacture parts in venture with Boeing

  Ethiopian Airlines will start manufacturing aircraft parts in a venture with Boeing at an initial cost of $15 million, the government's investment agency said on Friday. The state-owned carrier, which is the biggest in Africa, has already signed the deal that also involves the local state Industrial Parks Development Corporation, the Ethiopian Investment Commission said on X, formerly known as Twitter. The venture will make "aerospace parts, including aircraft thermo-acoustic insulation blankets, electrical wire harnesses, and other parts," the commission said.

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  Barrons.com

  J&J Holders to Get 8 Kenvue Shares for Each J&J Share in Exchange Offer

  Johnson & Johnson will issue just over eight shares of Kenvue stock for each of its own shares in what is likely to be an oversubscribed exchange offer totaling nearly $40 billion. The pricing period for the exchange offer ran from Monday through Wednesday. Johnson & Johnson (ticker: JNJ) said late Wednesday that the exchange ratio has been set at roughly 8.03 shares of Kenvue (KVUE) for each of its own shares.

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  Benzinga

  XPeng Succumbed To Tesla's Price War But Rising Deliveries Provide Hints Of Recovery

  XPeng Inc (NYSE: XPEV) issued its second quarter report that showed that the price war that Tesla Inc (NASDAQ: TSLA) recently rekindled took a toll on its margins. Upon the report that contained the EV maker’s greatest loss since going public, XPeng’s U.S. shares tanked 7% in pre-market trade. Besides its in-house issues, XPeng is facing intense competition not only from giants like Tesla and its main China rival BYD Company Limited (OTC: BYDDY) but also from other EV startups like Nio Inc (NYSE

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  Bloomberg

  Bitcoin Calm Shatters With Sudden Tumble, Mass Liquidations

  (Bloomberg) -- A period of unusual calm in crypto markets ended abruptly this week as the notion of higher-for-longer interest rates sparked a selloff in risk assets like Bitcoin, leading to mass liquidations of bullish bets.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateChina’s Hidden Financial Dangers Erupt With Shadow Bank CrisisUS Stocks Erase Losses as Blue Chips Edge Higher: Markets WrapGo