Zimmer Biomet beats profit estimates on strong demand for medical devices

Zimmer Biomet Holdings beat Wall Street estimates for second-quarter profit on Wednesday, driven by robust demand for its devices used in joint reconstruction procedures.

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Zimmer Biomet beats profit estimates on strong demand for medical devices  Zimmer Biomet Holdings beat Wall Street estimates for second-quarter profit on Wednesday, driven by robust demand for its devices used in joint reconstruction procedures.

US EPA says it is auditing biofuel producers' used cooking oil supply  The U.S. Environmental Protection Agency has launched investigations into the supply chains of at least two renewable fuel producers amid industry concerns that some may be using fraudulent feedstocks for biodiesel to secure lucrative government subsidies.

US auto regulator opens probe into more than 77,000 Nissan SUVs  U.S. auto safety regulator has opened a preliminary evaluation into 77,131 Nissan vehicles over reports of an issue with the steering tie rod, it said on Wednesday.

Airbnb shares slumps as weak forecast signals slowing travel demand  Shares of Airbnb slumped nearly 16% in premarket trading on Wednesday after the online travel company forecast third-quarter revenue below estimates, citing slowing demand in the United States and shorter booking windows.

New York Times beats estimates for second-quarter subscription revenue  The New York Times beat Wall Street expectations for second-quarter subscription revenue on Wednesday, helped by robust demand for its bundled content offerings.

Shopify beats quarterly revenue estimates on AI boost, shares soar  Shopify beat analysts' estimates for second-quarter revenue and forecast an upbeat current quarter as its e-commerce services attracted more merchants following the launch of AI-enabled tools, sending its U.S. shares up 17% before the bell.

KKR to help Fuji Soft go private under $4 bln management buyout, Nikkei reports  U.S. private equity firm KKR & Co plans to help Japanese system developer Fuji Soft go private under a management buyout worth about 600 billion yen ($4.09 billion), the Nikkei business daily reported on Wednesday.

US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signal  The interest rate for the most popular U.S. home loan plunged last week to its lowest level in 15 months, after the Federal Reserve signaled it could start cutting its policy rate in September, and a downshift in the job market bolstered financial market bets the cuts would be big.

How chip giant Intel spurned OpenAI and fell behind the times  For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different.

Amazon Prime Video plots Hollywood expansion  When Mike Hopkins was approached about leading Amazon Prime Video, his view of the streaming service matched one held widely in Hollywood -- it was nothing more than a perk for subscribers of the online retailer's two-day delivery service.

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