4 hours ago
Dow is considering an exit from its stake in the $20-billion Sadara Chemical Company venture with Saudi Aramco as the U.S. chemicals giant battles a prolonged industry downturn compounded by the Iran war.
Dow could sell its reported 35% interest in the Saudi petrochemical complex, with Aramco potentially emerging as a buyer, Bloomberg reported on Wednesday, citing people familiar with the matter. Strategic and financial investors could also be interested, although no final decision has been made.
The potential exit comes as the global chemicals industry struggles with weak demand, persistent overcapacity and elevated costs. The Middle East conflict has added another layer of pressure by disrupting petrochemical flows and supply chains and increasing transportation and operating expenses.
Sadara itself was temporarily shut earlier this year due to conflict-related supply disruptions.
Located in Jubail Industrial City, Sadara was developed as a $20-billion mega-project and was the world's largest integrated chemicals complex built in a single phase when completed. Its 26 manufacturing plants have the capacity to produce more than 3 million metric tons of performance plastics and high-value chemicals annually.
#exit #reported
Dow could sell its reported 35% interest in the Saudi petrochemical complex, with Aramco potentially emerging as a buyer, Bloomberg reported on Wednesday, citing people familiar with the matter. Strategic and financial investors could also be interested, although no final decision has been made.
The potential exit comes as the global chemicals industry struggles with weak demand, persistent overcapacity and elevated costs. The Middle East conflict has added another layer of pressure by disrupting petrochemical flows and supply chains and increasing transportation and operating expenses.
Sadara itself was temporarily shut earlier this year due to conflict-related supply disruptions.
Located in Jubail Industrial City, Sadara was developed as a $20-billion mega-project and was the world's largest integrated chemicals complex built in a single phase when completed. Its 26 manufacturing plants have the capacity to produce more than 3 million metric tons of performance plastics and high-value chemicals annually.
#exit #reported
6 hours ago
Investors love to check automakers' quarterly (or otherwise) delivery figures, especially when it comes to young electric vehicle (EV) makers that are surviving amid low volume and scale. Rivian's (NASDAQ: RIVN) R2 has been long-hyped, and on June 9, 2026, customers finally began receiving their prized ride. However, while Wall Street ****** ysts obsess over delivery charts and the smallest gains or losses, savvy investors know the R2 is about much more than increasing deliveries and revenue for the young EV maker. Here is one big development that's often forgotten.
One of Rivian's underappreciated strengths is its ability to bring in investment from larger companies that see value in Rivian's software technology or vehicles as a service. In this case, Rivian's mass-market R2 was a solid choice for Uber Technologies (NYSE: UBER) to add to its numerous investments for robotaxi joint ventures. Uber will invest up to $1.25 billion in Rivian through 2031, after it meets certain conditions and milestones, and the statement from Uber CEO Dara Khosrowshahi emphasizes Rivian's growing value with its vertical integration.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
"We're big believers in Rivian's approach -- designing the vehicle, compute platform, and software stack together, while maintaining end-to-end control of scaled manufacturing and supply in the U.S.," Khosrowshahi said in a press release.
Uber and Rivian expect to deploy 10,000 fully autonomous R2 robotaxis during their joint venture's first phase. San Francisco and Miami are circled in red to host the initial R2 robotaxi deployments in 2028, with the target of entering 25 additional cities by 2031. If all goes well for the joint venture, there's an option for the companies to negotiate the purchase of up to 40,000 additional R2 vehicles beginning in 2030.
#uber #delivery #young
One of Rivian's underappreciated strengths is its ability to bring in investment from larger companies that see value in Rivian's software technology or vehicles as a service. In this case, Rivian's mass-market R2 was a solid choice for Uber Technologies (NYSE: UBER) to add to its numerous investments for robotaxi joint ventures. Uber will invest up to $1.25 billion in Rivian through 2031, after it meets certain conditions and milestones, and the statement from Uber CEO Dara Khosrowshahi emphasizes Rivian's growing value with its vertical integration.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
"We're big believers in Rivian's approach -- designing the vehicle, compute platform, and software stack together, while maintaining end-to-end control of scaled manufacturing and supply in the U.S.," Khosrowshahi said in a press release.
Uber and Rivian expect to deploy 10,000 fully autonomous R2 robotaxis during their joint venture's first phase. San Francisco and Miami are circled in red to host the initial R2 robotaxi deployments in 2028, with the target of entering 25 additional cities by 2031. If all goes well for the joint venture, there's an option for the companies to negotiate the purchase of up to 40,000 additional R2 vehicles beginning in 2030.
#uber #delivery #young
7 days ago
Revolution Medicines, Inc. (NASDAQ:RVMD) received FDA approval for Rasonque, or daraxonrasib, following an expedited review. The once-daily oral RAS inhibitor is approved for adults with metastatic pancreatic adenocarcinoma who have received at least one prior systemic therapy or are not candidates for multiagent systemic therapy.
Revolution Medicines, Inc. (NASDAQ:RVMD) set a wholesale acquisition cost (WAC) of $39,800 for a 30-day supply. Twelve 30-day supplies would total $477,600 at WAC before discounts, rebates, or ******* istance. Rasonque is available in the United States, with (ON)Path offering insurance navigation and financial-assistance resources, including copay support for eligible commercially insured patients.
The approval was based on RASolute 302, a randomized Phase 3 trial involving 500 patients with previously treated metastatic pancreatic adenocarcinoma. In the overall population, median overall survival reached 13.2 months with Rasonque versus 6.7 months with chemotherapy. The hazard ratio of 0.40 represented a 60% lower hazard of death during trial follow-up. Median progression-free survival was 7.2 months versus 3.6 months, while objective response rates were 30% and 11%, respectively.
The survival benefit gives Rasonque a strong clinical argument for reimbursement. Pancreatic cancer is aggressive, treatment options after progression are limited, and Rasonque improved overall survival, progression-free survival, and response rates in a randomized comparison. Oral dosing may also reduce the burden of intravenous chemotherapy.
The approved population is broader than a single mutation-defined subgroup. Rasonque can be prescribed with or without an identified RAS tumor mutation and does not require a companion diagnostic. That reduces testing friction within the approved treatment setting.
#months #pancreatic #progression #medicines
Revolution Medicines, Inc. (NASDAQ:RVMD) set a wholesale acquisition cost (WAC) of $39,800 for a 30-day supply. Twelve 30-day supplies would total $477,600 at WAC before discounts, rebates, or ******* istance. Rasonque is available in the United States, with (ON)Path offering insurance navigation and financial-assistance resources, including copay support for eligible commercially insured patients.
The approval was based on RASolute 302, a randomized Phase 3 trial involving 500 patients with previously treated metastatic pancreatic adenocarcinoma. In the overall population, median overall survival reached 13.2 months with Rasonque versus 6.7 months with chemotherapy. The hazard ratio of 0.40 represented a 60% lower hazard of death during trial follow-up. Median progression-free survival was 7.2 months versus 3.6 months, while objective response rates were 30% and 11%, respectively.
The survival benefit gives Rasonque a strong clinical argument for reimbursement. Pancreatic cancer is aggressive, treatment options after progression are limited, and Rasonque improved overall survival, progression-free survival, and response rates in a randomized comparison. Oral dosing may also reduce the burden of intravenous chemotherapy.
The approved population is broader than a single mutation-defined subgroup. Rasonque can be prescribed with or without an identified RAS tumor mutation and does not require a companion diagnostic. That reduces testing friction within the approved treatment setting.
#months #pancreatic #progression #medicines
7 days ago
Uber is laying off about 3,300 employees, or about 10% of its workforce.
It is the deepest cut the ride-hailing giant that revolutionized on-demand taxis has made since the COVID-19 pandemic.
Chief Executive Dara Khosrowshahi announced the layoffs in a letter to employees Wednesday. The cut comes as Uber faces increasing competition from the growing robotaxi industry and other delivery services such as Instacart and DoorDash.
Read more: Waymo wins approval for drastic expansion in Los Angeles, Bay Area regions
Waymo, the Alphabet-owned autonomous taxi company, is expanding rapidly and operates in 14 cities including Los Angeles, San Diego and San Francisco. Uber also competes with rival Lyft across the country.
#dara #wednesday
It is the deepest cut the ride-hailing giant that revolutionized on-demand taxis has made since the COVID-19 pandemic.
Chief Executive Dara Khosrowshahi announced the layoffs in a letter to employees Wednesday. The cut comes as Uber faces increasing competition from the growing robotaxi industry and other delivery services such as Instacart and DoorDash.
Read more: Waymo wins approval for drastic expansion in Los Angeles, Bay Area regions
Waymo, the Alphabet-owned autonomous taxi company, is expanding rapidly and operates in 14 cities including Los Angeles, San Diego and San Francisco. Uber also competes with rival Lyft across the country.
#dara #wednesday
7 days ago
Uber Technologies (NYSE:UBER) shares rose 2.4% on Wednesday morning following a Bloomberg report that the company plans to eliminate approximately 3,300 positions, representing about 10% of its global workforce, as part of an organizational restructuring.
The changes are intended to reduce management layers and simplify the company's organizational structure, according to the report.
A company spokesperson said the restructuring will reduce the number of managers at Uber by approximately 20%, with some managers moving into individual contributor positions.
In an email obtained by Bloomberg News, Chief Executive Officer Dara Khosrowshahi said Uber's growth had resulted in "more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale."
As part of the restructuring, Uber plans to reduce by nearly half the number of teams consisting of only one or two employees.
#plans #approximately
The changes are intended to reduce management layers and simplify the company's organizational structure, according to the report.
A company spokesperson said the restructuring will reduce the number of managers at Uber by approximately 20%, with some managers moving into individual contributor positions.
In an email obtained by Bloomberg News, Chief Executive Officer Dara Khosrowshahi said Uber's growth had resulted in "more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale."
As part of the restructuring, Uber plans to reduce by nearly half the number of teams consisting of only one or two employees.
#plans #approximately
10 days ago
Chelsea have agreed to sell midfielder Enzo Fernández to Manchester City for £125 million ($169 million) as Mykhailo Mudryk made a deadline-day move to rivals Tottenham.
With the 11 pm (2200 GMT) deadline fast approaching, the Press ***** ociation understands a British record-equalling deal has been struck to take the Argentina international to the Etihad Stadium.
The size of the fee for Fernandez matches that paid by Liverpool to Newcastle for Alexander Isak a year ago and comes on a day when Everton's Iliman Ndiaye joined City for up to £65 million, signing a contract until 2031.
As for Chelsea's eye-catching transfer business, defender Tosin Adarabioyo is set to leave Stamford Bridge for Spurs after Mudryk reunited with his former Shakhtar Donetsk coach Roberto De Zerbi.
Mudryk joined Chelsea in an £89 million deal in 2023 and in July came back from a 20-month suspension after returning an adverse finding for the banned substance meldonium in 2024.
#city #deal
With the 11 pm (2200 GMT) deadline fast approaching, the Press ***** ociation understands a British record-equalling deal has been struck to take the Argentina international to the Etihad Stadium.
The size of the fee for Fernandez matches that paid by Liverpool to Newcastle for Alexander Isak a year ago and comes on a day when Everton's Iliman Ndiaye joined City for up to £65 million, signing a contract until 2031.
As for Chelsea's eye-catching transfer business, defender Tosin Adarabioyo is set to leave Stamford Bridge for Spurs after Mudryk reunited with his former Shakhtar Donetsk coach Roberto De Zerbi.
Mudryk joined Chelsea in an £89 million deal in 2023 and in July came back from a 20-month suspension after returning an adverse finding for the banned substance meldonium in 2024.
#city #deal
10 days ago
Tottenham Hotspur are closing in on a Chelsea double deal that will see defender Tosin Adarabioyo and forward Mykhailo Mudryk move to North London as Roberto De Zerbi looks to make further additions before the transfer window closes.
Fabrizio Romano reports that both deals have been verbally agreed in principle, with Tosin set to join Tottenham permanently and Mudryk moving to north London on loan.
Tosin has already agreed personal terms and has been granted permission to undergo his Tottenham medical, while Mudryk's personal terms still need to be finalised.
Tottenham have agreed a permanent deal with Chelsea for Tosin, with the defender now able to complete his medical ahead of the move.
David Ornstein reports that personal terms have already been agreed with the 28-year-old, as Tosin is expected to become Tottenham's ninth signing of the summer as De Zerbi looks to strengthen his defensive options.
#Chelsea
Fabrizio Romano reports that both deals have been verbally agreed in principle, with Tosin set to join Tottenham permanently and Mudryk moving to north London on loan.
Tosin has already agreed personal terms and has been granted permission to undergo his Tottenham medical, while Mudryk's personal terms still need to be finalised.
Tottenham have agreed a permanent deal with Chelsea for Tosin, with the defender now able to complete his medical ahead of the move.
David Ornstein reports that personal terms have already been agreed with the 28-year-old, as Tosin is expected to become Tottenham's ninth signing of the summer as De Zerbi looks to strengthen his defensive options.
#Chelsea
11 days ago
Chelsea have accepted offers from Tottenham for winger Mykhailo Mudryk and defender Tosin Adarabioyo, as well as a bid from Italian club Como for goalkeeper Robert Sanchez.
The trio are now expected to leave Stamford Bridge, subject to agreeing personal terms, with Spurs keen to secure Mudryk, 25, and reunite him with his former manager Roberto de Zerbi.
The Ukraine international has not played a competitive match since November 2024, serving a suspension that followed an adverse finding for the banned substance meldonium, but he has been eligible to football since July.
Mudryk previously played under De Zerbi at Ukrainian side Shakhtar Donetsk before moving to Chelsea for an initial £61m.
Spurs will also sign Chelsea defender Adarabioyo, 28, on a permanent deal to replace Kevin Danso, who is set to join Sunderland on an initial loan.
#Chelsea #SPURS #since
The trio are now expected to leave Stamford Bridge, subject to agreeing personal terms, with Spurs keen to secure Mudryk, 25, and reunite him with his former manager Roberto de Zerbi.
The Ukraine international has not played a competitive match since November 2024, serving a suspension that followed an adverse finding for the banned substance meldonium, but he has been eligible to football since July.
Mudryk previously played under De Zerbi at Ukrainian side Shakhtar Donetsk before moving to Chelsea for an initial £61m.
Spurs will also sign Chelsea defender Adarabioyo, 28, on a permanent deal to replace Kevin Danso, who is set to join Sunderland on an initial loan.
#Chelsea #SPURS #since
11 days ago
Tottenham Hotspur have agreed a deal to sign Chelsea centre-back Tosin Adarabioyo on a permanent transfer, according to David Ornstein.
He is now set to undergo a medical with Spurs, and personal terms have already been agreed.
The 28-year-old is set to become their ninth signing of the summer as Tottenham manager Roberto De Zerbi continues to reshape his squad.
Adarabioyo gives Spurs another experienced option at centre-back, after Kevin Danso indicated that he wants to leave the club.
Adarabioyo has now made 116 Premier League appearances across Manchester City, Fulham and Chelsea.
#adarabioyo #back #david
He is now set to undergo a medical with Spurs, and personal terms have already been agreed.
The 28-year-old is set to become their ninth signing of the summer as Tottenham manager Roberto De Zerbi continues to reshape his squad.
Adarabioyo gives Spurs another experienced option at centre-back, after Kevin Danso indicated that he wants to leave the club.
Adarabioyo has now made 116 Premier League appearances across Manchester City, Fulham and Chelsea.
#adarabioyo #back #david
12 days ago
Ipswich Town travel to Old Trafford on Sunday looking for a rare win at a ground where they've triumphed only once in their last eight visits.
Gary O'Neil's side arrive full of confidence after beating Sunderland with a stoppage-time winner on the opening weekend of their return to the top flight, and a marquee new arrival adds to the occasion.
Azor Matusiwa and Jack Taylor "won't be involved," O'Neil confirmed, while Jaden Philogene is "week to week" with his ankle issue. Florentino Luís remains a doubt, with O'Neil saying: "We're hoping Florentino might be back," though he stopped short of confirming his involvement.
Exequiel Palacios, signed from Bayer Leverkusen this week for a reported fee in the region of £20m, is set to feature after training with his new teammates. O'Neil confirmed: "I'm sure we'll see Exequiel on Sunday."
Dara O'Shea and Marcelino Núñez, who scored twice, including a 45-yard strike against Sunderland, are both expected to start for a third successive match, while Jack Clarke — whose 90th-minute winner sealed victory over his former club — is pushing for a recall from the bench.
#week #confirmed
Gary O'Neil's side arrive full of confidence after beating Sunderland with a stoppage-time winner on the opening weekend of their return to the top flight, and a marquee new arrival adds to the occasion.
Azor Matusiwa and Jack Taylor "won't be involved," O'Neil confirmed, while Jaden Philogene is "week to week" with his ankle issue. Florentino Luís remains a doubt, with O'Neil saying: "We're hoping Florentino might be back," though he stopped short of confirming his involvement.
Exequiel Palacios, signed from Bayer Leverkusen this week for a reported fee in the region of £20m, is set to feature after training with his new teammates. O'Neil confirmed: "I'm sure we'll see Exequiel on Sunday."
Dara O'Shea and Marcelino Núñez, who scored twice, including a 45-yard strike against Sunderland, are both expected to start for a third successive match, while Jack Clarke — whose 90th-minute winner sealed victory over his former club — is pushing for a recall from the bench.
#week #confirmed
12 days ago
Revolution Medicines, Inc. (NASDAQ:RVMD) touched an all-time high above $224 on August 27, 2026, following FDA approval of Rasonque (daraxonrasib) – the first broad RAS-targeted therapy cleared for metastatic pancreatic cancer. Creating a milestone, the approval came roughly five weeks after filing under the agency's national priority voucher. The pivotal RASolute 302 trial nearly doubled median overall survival, to 13.2 months from 6.7 on chemotherapy. While the clinical benefit is substantial, a $47 billion valuation suggests the market had already priced in this success.
RVMD carries essentially no product revenue yet. Its price rests entirely on the future. Evercore ISI has raised the next-year sales estimate for Rasonque to ~$2.4 billion. Additionally, the $47 billion valuation discounts much of a long-term pancreatic opportunity which the Evercore **** yst estimates Rasonque could generate about $15.1 billion in pancreatic-cancer sales by 2034. However, a few details complicate this math. First, the approved label applies strictly to second-line or multiagent-ineligible patients. The front-line indication represents the larger market opportunity but remains pending, meaning a notable portion of the TAM is not yet accessible. Second, RVMD's current valuation also sits well above the $28 billion–$32 billion takeover valuation reportedly discussed with Merck earlier this year. Bulls argue lung and colorectal trials justify the $47 billion beyond pancreatic cancer, though that pipeline potential remains unproven.
That matters because Revolution Medicines must now execute its first commercial launch independently in one of oncology's most challenging indications characterized by short survival, high patient frailty, and a U.S. list price of $39,800 for a 30-day supply. Commercialization will require heavy spending. The second-quarter net loss widened to $644 million, and full-year operating expense guidance increased to between $2.1 and $2.2 billion. While a $3.9 billion cash balance and up to $1.5 billion in committed royalty financing fund the launch, operational execution remains the primary risk.
Insiders were net sellers of roughly $21.5 million over the past 90 days with zero buying. Hedge fund data on the stock is flat. As per the Insider Monkey database, 105 funds held RVMD in the second quarter of 2026, modestly down from 106 in the first, indicating strong conviction among institutional investors. Short interest sits near 6% of float, representing a modest level of bets against the stock.
#first
RVMD carries essentially no product revenue yet. Its price rests entirely on the future. Evercore ISI has raised the next-year sales estimate for Rasonque to ~$2.4 billion. Additionally, the $47 billion valuation discounts much of a long-term pancreatic opportunity which the Evercore **** yst estimates Rasonque could generate about $15.1 billion in pancreatic-cancer sales by 2034. However, a few details complicate this math. First, the approved label applies strictly to second-line or multiagent-ineligible patients. The front-line indication represents the larger market opportunity but remains pending, meaning a notable portion of the TAM is not yet accessible. Second, RVMD's current valuation also sits well above the $28 billion–$32 billion takeover valuation reportedly discussed with Merck earlier this year. Bulls argue lung and colorectal trials justify the $47 billion beyond pancreatic cancer, though that pipeline potential remains unproven.
That matters because Revolution Medicines must now execute its first commercial launch independently in one of oncology's most challenging indications characterized by short survival, high patient frailty, and a U.S. list price of $39,800 for a 30-day supply. Commercialization will require heavy spending. The second-quarter net loss widened to $644 million, and full-year operating expense guidance increased to between $2.1 and $2.2 billion. While a $3.9 billion cash balance and up to $1.5 billion in committed royalty financing fund the launch, operational execution remains the primary risk.
Insiders were net sellers of roughly $21.5 million over the past 90 days with zero buying. Hedge fund data on the stock is flat. As per the Insider Monkey database, 105 funds held RVMD in the second quarter of 2026, modestly down from 106 in the first, indicating strong conviction among institutional investors. Short interest sits near 6% of float, representing a modest level of bets against the stock.
#first
13 days ago
Sunderland are accelerating their late-window business, with TeamTalk reporting that Igor Paixao is now one of the club's leading priorities as Regis Le Bris looks to sharpen his squad before the deadline. The headline detail is encouraging, "Personal terms are already in place" and an "overall fee is close to being agreed", even if Marseille are still trying to retain the Brazilian.
This feels like a significant push from Sunderland. The club have been clear in the market that they want added quality in the final third, and Paixao appears to be the name moving fastest. TeamTalk add that Marseille "need to raise funds to satisfy financial regulations" and that "Paixao's situation remains one to watch as Sunderland push to get the deal over the line". Those are the sort of conditions that can create an opportunity late in the window, provided negotiations remain steady.
There are, however, other attacking names under consideration. Sunderland "made an approach for Sporting winger Geny Catamo", but his "near-£50million asking price has so far put the Black Cats off making another move". The club have also "spoken to Roma about Matias Soule as they **** s alternatives before the window closes". Even so, the report is firm that "Paixao remains a key target".
Sunderland's work is not confined to the forward line. TeamTalk say the Black Cats "are also working on another central defender" and have "enquired about Tottenham's Kevin Danso". They have also "asked about Chelsea's Tosin Adarabioyo", with both players described as experienced options. There is competition, with Fulham also making checks, so this is a situation that may move quickly in the closing days.
Photo IMAGO
#marseille
This feels like a significant push from Sunderland. The club have been clear in the market that they want added quality in the final third, and Paixao appears to be the name moving fastest. TeamTalk add that Marseille "need to raise funds to satisfy financial regulations" and that "Paixao's situation remains one to watch as Sunderland push to get the deal over the line". Those are the sort of conditions that can create an opportunity late in the window, provided negotiations remain steady.
There are, however, other attacking names under consideration. Sunderland "made an approach for Sporting winger Geny Catamo", but his "near-£50million asking price has so far put the Black Cats off making another move". The club have also "spoken to Roma about Matias Soule as they **** s alternatives before the window closes". Even so, the report is firm that "Paixao remains a key target".
Sunderland's work is not confined to the forward line. TeamTalk say the Black Cats "are also working on another central defender" and have "enquired about Tottenham's Kevin Danso". They have also "asked about Chelsea's Tosin Adarabioyo", with both players described as experienced options. There is competition, with Fulham also making checks, so this is a situation that may move quickly in the closing days.
Photo IMAGO
#marseille
14 days ago
India head coach Gautam Gambhir praised his team for displaying the character and mental strength required in Test cricket after Shubman Gill's side secured a 1-0 series victory over Sri Lanka. India had a chance to complete a 2-0 sweep after winning the series opener in Galle, but Sri Lanka mounted a spirited fightback in Colombo to force a draw despite being asked to follow on.
Following the conclusion of the series, Gambhir took to social media to acknowledge India's performance while also highlighting the impact of Sri Lanka batter Sonal Dinusha.
"Test cricket needs character, patience and mental toughness that's shown by our boys! Special shoutout to Sonal Dinusha for his exceptional performance," Gambhir wrote on X.
Dinusha was the central figure in Sri Lanka's resistance. He scored centuries in both innings of the Colombo Test, including an unbeaten 133 in the second innings, frustrating India's efforts to wrap up the match.
India made a dominant start after choosing to bat first in Colombo. Devdutt Padikkal led the charge with a superb 117, while Dhruv Jurel remained unbeaten on 115. Rishabh Pant added 63 and captain Gill contributed 50 as India amassed 503/9 before declaring. Asitha Fernando was Sri Lanka's most successful bowler, finishing with four wickets.
Sri Lanka were dismissed for 290 in their first innings, but Dinusha once again stood out with a composed 103. Pasindu Sooriyabandara also played an important role, scoring 80, while India's Prasidh Krishna and Manav Suthar claimed three wickets each. Asked to follow on, Sri Lanka were in serious trouble at 218/6 and India appeared to be closing in on another victory. Dinusha, however, refused to give India an opening.
Dinusha joined forces with Keshara Nuwantha to produce a crucial 112-run partnership. Nuwantha's 46 came from 150 deliveries as the pair absorbed pressure and consumed valuable overs. Sri Lanka's lower order then provided further support, allowing Dinusha to remain at the crease until the close.
He finished unbeaten on 133 from 264 ****** , with eight fours and two sixes, as Sri Lanka reached 429/9 to secure the draw. The result ended India's hopes of a clean sweep but secured them a 1-0 series victory.
India had established their series advantage in the opening Test at Galle, where they secured a 165-run victory. Manav Suthar was the star of the contest, claiming his maiden 10-wicket haul in Test cricket, while Padikkal played a pivotal role with a 167 in India's first innings.
#dinusha #lanka #victory
Following the conclusion of the series, Gambhir took to social media to acknowledge India's performance while also highlighting the impact of Sri Lanka batter Sonal Dinusha.
"Test cricket needs character, patience and mental toughness that's shown by our boys! Special shoutout to Sonal Dinusha for his exceptional performance," Gambhir wrote on X.
Dinusha was the central figure in Sri Lanka's resistance. He scored centuries in both innings of the Colombo Test, including an unbeaten 133 in the second innings, frustrating India's efforts to wrap up the match.
India made a dominant start after choosing to bat first in Colombo. Devdutt Padikkal led the charge with a superb 117, while Dhruv Jurel remained unbeaten on 115. Rishabh Pant added 63 and captain Gill contributed 50 as India amassed 503/9 before declaring. Asitha Fernando was Sri Lanka's most successful bowler, finishing with four wickets.
Sri Lanka were dismissed for 290 in their first innings, but Dinusha once again stood out with a composed 103. Pasindu Sooriyabandara also played an important role, scoring 80, while India's Prasidh Krishna and Manav Suthar claimed three wickets each. Asked to follow on, Sri Lanka were in serious trouble at 218/6 and India appeared to be closing in on another victory. Dinusha, however, refused to give India an opening.
Dinusha joined forces with Keshara Nuwantha to produce a crucial 112-run partnership. Nuwantha's 46 came from 150 deliveries as the pair absorbed pressure and consumed valuable overs. Sri Lanka's lower order then provided further support, allowing Dinusha to remain at the crease until the close.
He finished unbeaten on 133 from 264 ****** , with eight fours and two sixes, as Sri Lanka reached 429/9 to secure the draw. The result ended India's hopes of a clean sweep but secured them a 1-0 series victory.
India had established their series advantage in the opening Test at Galle, where they secured a 165-run victory. Manav Suthar was the star of the contest, claiming his maiden 10-wicket haul in Test cricket, while Padikkal played a pivotal role with a 167 in India's first innings.
#dinusha #lanka #victory
14 days ago
Sri Lanka batter Sonal Dinusha emerged as one of the biggest positives from the drawn two-Test series against India, producing a remarkable display of resilience and consistency to thwart the visitors' hopes of a series clean sweep.
Dinusha scored three centuries across his four innings in the series, finishing as the leading run-scorer with 420 runs at an average of 140.00. He also faced 722 deliveries, the most by any batter in the series, underlining the patience and endurance that made him such a difficult player for India to dislodge.
His performance has now earned high praise from former India Test batter Cheteshwar Pujara, who believes the young Sri Lankan has shown glimpses of two of the country's greatest modern-day batters, ****** ar Sangakkara and Mahela Jayawardene.
"The way he has batted throughout the series has been phenomenal. He takes me into that era of batters like ****** ar Sangakkara and Mahela Jayawardene. When I was growing up, I used to look up to those Sri Lankan players," Pujara said in a video on ESPNcricinfo.
Pujara believes Dinusha has the potential to become one of Sri Lanka's leading batters in the years to come.
"In five to 10 years, Sonal Dinusha can be one of the greats of Sri Lankan cricket. He has shown that potential. The way he batted on the last day of the second Test match, it was a commendable effort," he added.
Dinusha's finest contribution came in the second Test at Colombo, where his unbeaten 133 off 264 ****** ensured Sri Lanka held India to a draw and denied the visitors a series clean sweep.
Coming to the match, India opted to bat first, with centuries from Padikkal (117 in 193 ****** , with 12 fours), Dhruv Jurel (115* in 177 ****** , with nine fours and two sixes) and half-centuries from Rishabh Pant (63 in 89 ****** , with six fours and two sixes) and skipper Gill (50 in 108 ****** , with six fours) taking India to 503/9, with Asitha Fernando taking four-fer.
In their first innings, SL was skittled out for 290, with Dinusha's second century (103 in 162 ****** , with eight fours and three sixes) and a fine 80 from Pasindu Sooriyabandara (in 133 ****** , with nine fours) standing out. Prasidh Krishna and Suthar were among the wickets for India with three each.
During the follow-on, India had SL down for 218/6, but a 112-run stand between Dinusha and Keshara Nuwantha (46 in 150 ****** , with four boundaries) pushed Sri Lanka towards a sizeable lead. Dinusha (133* in 264 ****** , with eight fours and two sixes) reached his third ton of the series, with the resistance from lower order, who soaked in deliveries to support him. SL ended at 429/9, drawing the Test.
133591870
#dinusha
Dinusha scored three centuries across his four innings in the series, finishing as the leading run-scorer with 420 runs at an average of 140.00. He also faced 722 deliveries, the most by any batter in the series, underlining the patience and endurance that made him such a difficult player for India to dislodge.
His performance has now earned high praise from former India Test batter Cheteshwar Pujara, who believes the young Sri Lankan has shown glimpses of two of the country's greatest modern-day batters, ****** ar Sangakkara and Mahela Jayawardene.
"The way he has batted throughout the series has been phenomenal. He takes me into that era of batters like ****** ar Sangakkara and Mahela Jayawardene. When I was growing up, I used to look up to those Sri Lankan players," Pujara said in a video on ESPNcricinfo.
Pujara believes Dinusha has the potential to become one of Sri Lanka's leading batters in the years to come.
"In five to 10 years, Sonal Dinusha can be one of the greats of Sri Lankan cricket. He has shown that potential. The way he batted on the last day of the second Test match, it was a commendable effort," he added.
Dinusha's finest contribution came in the second Test at Colombo, where his unbeaten 133 off 264 ****** ensured Sri Lanka held India to a draw and denied the visitors a series clean sweep.
Coming to the match, India opted to bat first, with centuries from Padikkal (117 in 193 ****** , with 12 fours), Dhruv Jurel (115* in 177 ****** , with nine fours and two sixes) and half-centuries from Rishabh Pant (63 in 89 ****** , with six fours and two sixes) and skipper Gill (50 in 108 ****** , with six fours) taking India to 503/9, with Asitha Fernando taking four-fer.
In their first innings, SL was skittled out for 290, with Dinusha's second century (103 in 162 ****** , with eight fours and three sixes) and a fine 80 from Pasindu Sooriyabandara (in 133 ****** , with nine fours) standing out. Prasidh Krishna and Suthar were among the wickets for India with three each.
During the follow-on, India had SL down for 218/6, but a 112-run stand between Dinusha and Keshara Nuwantha (46 in 150 ****** , with four boundaries) pushed Sri Lanka towards a sizeable lead. Dinusha (133* in 264 ****** , with eight fours and two sixes) reached his third ton of the series, with the resistance from lower order, who soaked in deliveries to support him. SL ended at 429/9, drawing the Test.
133591870
#dinusha
15 days ago
India appeared to have wrested control of the second Test against Sri Lanka after a late burst of wickets, but rain could yet play a major role in determining the outcome of the Test and, in turn, India's WTC campaign.
Sri Lanka were 218 for 6 in their second innings when play was called off early, with Sonal Dinusha and Keshara Nuwantha unbeaten at the crease. The hosts had earlier mounted a spirited fightback through Pasindu Sooriyabandara and Kamindu Mendis, raising the prospect of a draw if further rain disrupts the final day.
Such an outcome could hurt India's chances of making the WTC final.
India are currently fifth in the WTC standings with a points percentage of 53.33. A victory over Sri Lanka would lift Shubman Gill's side to fourth place following Bangladesh's heavy defeat to Australia. A draw, however, would leave India in fifth place with their PCT slipping to 51.52.
The bigger concern is the shrinking margin for error in the remainder of the cycle.
India will have seven Tests left after this match, including a two-Test tour of New Zealand in November before a five-Test home series against Australia next year. Having already lost four of their 10 Tests in the current cycle, India can ill afford many more setbacks.
If India win seven of their remaining eight Tests, including this match, they can finish with a PCT of 68.52. But six wins and two defeats would leave them at 62.96, a figure that may not be enough based on recent qualification trends.
Three of the four teams to reach the WTC final across the last two cycles had a PCT of more than 65, with India's 58.8 in the 2023 cycle the lone exception. Both finalists in 2025 finished above 67.
The calculations also ******* ume India do not lose any points through over-rate penalties.
For now, India remain well placed in the Test after Manav Suthar and Saransh Jain struck regularly in the final session. But with Sri Lanka still fighting and rain already interrupting play, a result remains crucial not just for the series but for India's increasingly tight road to the WTC final.
#test #final
Sri Lanka were 218 for 6 in their second innings when play was called off early, with Sonal Dinusha and Keshara Nuwantha unbeaten at the crease. The hosts had earlier mounted a spirited fightback through Pasindu Sooriyabandara and Kamindu Mendis, raising the prospect of a draw if further rain disrupts the final day.
Such an outcome could hurt India's chances of making the WTC final.
India are currently fifth in the WTC standings with a points percentage of 53.33. A victory over Sri Lanka would lift Shubman Gill's side to fourth place following Bangladesh's heavy defeat to Australia. A draw, however, would leave India in fifth place with their PCT slipping to 51.52.
The bigger concern is the shrinking margin for error in the remainder of the cycle.
India will have seven Tests left after this match, including a two-Test tour of New Zealand in November before a five-Test home series against Australia next year. Having already lost four of their 10 Tests in the current cycle, India can ill afford many more setbacks.
If India win seven of their remaining eight Tests, including this match, they can finish with a PCT of 68.52. But six wins and two defeats would leave them at 62.96, a figure that may not be enough based on recent qualification trends.
Three of the four teams to reach the WTC final across the last two cycles had a PCT of more than 65, with India's 58.8 in the 2023 cycle the lone exception. Both finalists in 2025 finished above 67.
The calculations also ******* ume India do not lose any points through over-rate penalties.
For now, India remain well placed in the Test after Manav Suthar and Saransh Jain struck regularly in the final session. But with Sri Lanka still fighting and rain already interrupting play, a result remains crucial not just for the series but for India's increasingly tight road to the WTC final.
#test #final
16 days ago
If it's Devdutt Padikkal and Dhruv Jurel that have emerged as India's batting stars of the future in this series, Sonal Dinusha is making a similar statement for Sri Lanka. The left-hander followed his scores of 100 and 84 in Galle with an unbeaten 85 (137b, 2x6) to lead a gritty fightback on a rain-hit third day of the second Test at SSC on Tuesday.
Dinusha found an able ally in fellow youngster Pasindu Sooriyabandara, who struck 80 (133b, 9x4) in only his second Test innings, as Sri Lanka frustrated India for large parts of the day before ending on 265 for eight. The hosts still require 38 runs to avoid the follow-on after India posted 503 for nine declared, but the resistance shown by their young batting brigade has ensured they remain in the contest.
Dinusha, now the leading run-scorer of the series with 269 runs at 134.50, was closing in on a second Test century in as many matches when rain and bad light forced an early finish to the proceedings. Together with Lahiru **** ara (8 batting), he added an unbeaten 35-run stand for the ninth wicket, after earlier sharing a crucial 57-run partnership with Keshara Nuwantha (18).
The 25-year-old has now registered three consecutive 80-plus scores in the series, underlining his credentials as a long-term solution to Sri Lanka's batting woes in the middle order. With Pathum Nissanka, Kusal Mendis and Dinesh Chandimal unavailable, Dinusha has shouldered responsibility admirably.
India had appeared well placed to secure a sizeable lead and potentially enforce the follow-on after reducing Sri Lanka to 216/7. However, Dinusha and the lower order displayed plenty of resolve to blunt the visitors' bowling attack.
Earlier, Sri Lanka showed intent from the outset. Sooriyabandara and Kamindu Mendis (32) stitched together an 87-run third-wicket partnership, helping the hosts add 122 runs while losing only two wickets in the opening session. Sooriyabandara brought up his maiden Test fifty off 76 **** before falling to Ravindra Jadeja while attempting a late cut.
Prasidh Krishna was India's standout bowler, returning figures of 3/57. The pacer provided the early breakthrough when debutant opener Kamil Mishara (19) gloved a sharply rising delivery to wicketkeeper Dhruv Jurel. Prasidh later removed Kamindu with another short ball.
Manav Suthar then dismissed captain Dhananjaya de Silva for 8 with a delivery that spun away sharply, while Mohammed Siraj accounted for Niroshan **** wella, who gloved a leg-side catch to wicketkeeper Jurel for a duck.
Yet, Sri Lanka refused to surrender. Aided by interruptions and determined lower-order resistance, Dinusha ensured India were left waiting for the final two wickets.
#dinusha #batting
Dinusha found an able ally in fellow youngster Pasindu Sooriyabandara, who struck 80 (133b, 9x4) in only his second Test innings, as Sri Lanka frustrated India for large parts of the day before ending on 265 for eight. The hosts still require 38 runs to avoid the follow-on after India posted 503 for nine declared, but the resistance shown by their young batting brigade has ensured they remain in the contest.
Dinusha, now the leading run-scorer of the series with 269 runs at 134.50, was closing in on a second Test century in as many matches when rain and bad light forced an early finish to the proceedings. Together with Lahiru **** ara (8 batting), he added an unbeaten 35-run stand for the ninth wicket, after earlier sharing a crucial 57-run partnership with Keshara Nuwantha (18).
The 25-year-old has now registered three consecutive 80-plus scores in the series, underlining his credentials as a long-term solution to Sri Lanka's batting woes in the middle order. With Pathum Nissanka, Kusal Mendis and Dinesh Chandimal unavailable, Dinusha has shouldered responsibility admirably.
India had appeared well placed to secure a sizeable lead and potentially enforce the follow-on after reducing Sri Lanka to 216/7. However, Dinusha and the lower order displayed plenty of resolve to blunt the visitors' bowling attack.
Earlier, Sri Lanka showed intent from the outset. Sooriyabandara and Kamindu Mendis (32) stitched together an 87-run third-wicket partnership, helping the hosts add 122 runs while losing only two wickets in the opening session. Sooriyabandara brought up his maiden Test fifty off 76 **** before falling to Ravindra Jadeja while attempting a late cut.
Prasidh Krishna was India's standout bowler, returning figures of 3/57. The pacer provided the early breakthrough when debutant opener Kamil Mishara (19) gloved a sharply rising delivery to wicketkeeper Dhruv Jurel. Prasidh later removed Kamindu with another short ball.
Manav Suthar then dismissed captain Dhananjaya de Silva for 8 with a delivery that spun away sharply, while Mohammed Siraj accounted for Niroshan **** wella, who gloved a leg-side catch to wicketkeeper Jurel for a duck.
Yet, Sri Lanka refused to surrender. Aided by interruptions and determined lower-order resistance, Dinusha ensured India were left waiting for the final two wickets.
#dinusha #batting
16 days ago
COLOMBO, Sri Lanka (AP) — Sri Lanka reached lunch at 83-2 in its second innings Wednesday, still 130 behind in the second cricket test after India enforced the follow on.
Prasidh Krishna and Manav Suthar took three wickets each as Sri Lanka was dismissed for 290 in reply to India's first innings of 503-9 declared.
At the break, Pasindu Sooriyabandara was not out on 35 and Kamindu Mendis was unbeaten on 10.
Sri Lanka started Day 4 at 265-8 at the Sinhalese Sports Club with No. 7 batsman Sonal Dinusha closing in on a century and just 39 runs away from avoiding the follow on.
But, off spinner Saransh Jain accounted for the last two wickets as Sri Lanka gave up a 213-run first innings lead.
#innings #second #prasidh
Prasidh Krishna and Manav Suthar took three wickets each as Sri Lanka was dismissed for 290 in reply to India's first innings of 503-9 declared.
At the break, Pasindu Sooriyabandara was not out on 35 and Kamindu Mendis was unbeaten on 10.
Sri Lanka started Day 4 at 265-8 at the Sinhalese Sports Club with No. 7 batsman Sonal Dinusha closing in on a century and just 39 runs away from avoiding the follow on.
But, off spinner Saransh Jain accounted for the last two wickets as Sri Lanka gave up a 213-run first innings lead.
#innings #second #prasidh
17 days ago
It was one of the riskiest singles Dhruv Jurel would have taken in his Test career. Anxious to complete his second Test century — and first overseas hundred — after being stranded on 99 for 12 ******* and made to wait by rain while on 95, Jurel punched the ball towards mid-off and sprinted for a single that just wasn't on.
The ball travelled quickly to the fielder after bouncing. But luck smiled on the 25-year-old batter. The fielder missed the direct hit and Jurel dived to complete the run and his century, which came off 171 ******* and had the entire Indian dressing room applauding as they shared the tension. Mohammed Siraj celebrated wildly, giving Jurel a bear hug.
Powered by Jurel's composed and flawless unbeaten 115 off 177 ******* , with nine fours and two sixes, and Rishabh Pant's entertaining 63 off 89 ******* , with six fours and two sixes, India declared at 503 for nine. Then, they reduced Sri Lanka to 8/2 on Day Two of the second and final Test in Colombo on Monday.
The hosts were clearly unhappy about being asked to bat in fading light. Yashasvi Jaiswal pulled off a brilliant diving catch at gully to send back Lahiru Udara for one off Prasidh Krishna in the second over.
In the third over, the hosts suffered another blow when nightwatchman Prabath Jayasuriya was trapped LBW for two by a fast, full delivery from Manav Suthar. Jayasuriya's agitated reaction after being dismissed reflected Sri Lanka's unhappiness at being asked to bat so late in the evening.
Kamil Mishara was batting on five when stumps were drawn at 5:51pm after an extended session. Shubman Gill and Co. deserve credit for their bowlers' early blows, as they did not leave the field even when the covers were being brought on because of the dark, wet conditions a few minutes earlier.
With the hosts trailing by 495 runs, India are now in control of the Test.
Jurel was involved in two vital partnerships, adding 112 for the seventh wicket with Pant, which lifted India from 307 for six, and 39 for the eighth with Manav Suthar. During his stand with Pant, Jurel played the ideal foil, reaching a patient fifty off 97 ******* .
Like Devdutt Padikkal, Jurel has enjoyed a breakout series. Having arrived in Sri Lanka without a fifty in eight innings and under pressure from Sarfaraz Khan for the No. 6 spot, he made a crucial 51 in the first Test and now has 173 runs in two Tests at 86.50.
Rishabh Pant, meanwhile, struck his 21st Test half-century and became India's leading run-scorer in World Test Championship history, surpassing Shubman Gill. Pant now has 2,948 runs in 42 WTC Tests, ahead of Gill's 2,917.
Earlier, India resumed on 300 for five and lost debutant Saransh Jain early for six.
#jurel
The ball travelled quickly to the fielder after bouncing. But luck smiled on the 25-year-old batter. The fielder missed the direct hit and Jurel dived to complete the run and his century, which came off 171 ******* and had the entire Indian dressing room applauding as they shared the tension. Mohammed Siraj celebrated wildly, giving Jurel a bear hug.
Powered by Jurel's composed and flawless unbeaten 115 off 177 ******* , with nine fours and two sixes, and Rishabh Pant's entertaining 63 off 89 ******* , with six fours and two sixes, India declared at 503 for nine. Then, they reduced Sri Lanka to 8/2 on Day Two of the second and final Test in Colombo on Monday.
The hosts were clearly unhappy about being asked to bat in fading light. Yashasvi Jaiswal pulled off a brilliant diving catch at gully to send back Lahiru Udara for one off Prasidh Krishna in the second over.
In the third over, the hosts suffered another blow when nightwatchman Prabath Jayasuriya was trapped LBW for two by a fast, full delivery from Manav Suthar. Jayasuriya's agitated reaction after being dismissed reflected Sri Lanka's unhappiness at being asked to bat so late in the evening.
Kamil Mishara was batting on five when stumps were drawn at 5:51pm after an extended session. Shubman Gill and Co. deserve credit for their bowlers' early blows, as they did not leave the field even when the covers were being brought on because of the dark, wet conditions a few minutes earlier.
With the hosts trailing by 495 runs, India are now in control of the Test.
Jurel was involved in two vital partnerships, adding 112 for the seventh wicket with Pant, which lifted India from 307 for six, and 39 for the eighth with Manav Suthar. During his stand with Pant, Jurel played the ideal foil, reaching a patient fifty off 97 ******* .
Like Devdutt Padikkal, Jurel has enjoyed a breakout series. Having arrived in Sri Lanka without a fifty in eight innings and under pressure from Sarfaraz Khan for the No. 6 spot, he made a crucial 51 in the first Test and now has 173 runs in two Tests at 86.50.
Rishabh Pant, meanwhile, struck his 21st Test half-century and became India's leading run-scorer in World Test Championship history, surpassing Shubman Gill. Pant now has 2,948 runs in 42 WTC Tests, ahead of Gill's 2,917.
Earlier, India resumed on 300 for five and lost debutant Saransh Jain early for six.
#jurel
17 days ago
COLOMBO, Sri Lanka (AP) — Pasindu Sooriyabandara scored an unbeaten half-century but India's Prasidh Krishna made a vital breakthrough to end an important partnership and have Sri Lanka in trouble at 130 for four at lunch on Day 3 of the second cricket test.
At the first interval Tuesday, Sri Lanka trailed India's first-innings total by 373 runs. Sooriyabandara was unbeaten on 65 and captain Dhananjaya de Silva was not out on 4.
India declared its first innings at 503 for nine on Day 2, helped by 117 runs from Devdutt Padikkal and Druv Jurel's unbeaten 115.
Sri Lanka was rattled early in reply, slipping to 8 for two by stumps and then losing overnight batter Kamil Mishara (19) with the total on 35.
Sooriyabandara, who was dismissed for a first-ball duck in the first test in Galle while batting as a concussion substitute for Dinesh Chandimal, appeared composed despite the precarious start to Sri Lanka's innings here. He mixed caution and attack in his 93-ball stand, hitting nine boundaries.
#total #ball
At the first interval Tuesday, Sri Lanka trailed India's first-innings total by 373 runs. Sooriyabandara was unbeaten on 65 and captain Dhananjaya de Silva was not out on 4.
India declared its first innings at 503 for nine on Day 2, helped by 117 runs from Devdutt Padikkal and Druv Jurel's unbeaten 115.
Sri Lanka was rattled early in reply, slipping to 8 for two by stumps and then losing overnight batter Kamil Mishara (19) with the total on 35.
Sooriyabandara, who was dismissed for a first-ball duck in the first test in Galle while batting as a concussion substitute for Dinesh Chandimal, appeared composed despite the precarious start to Sri Lanka's innings here. He mixed caution and attack in his 93-ball stand, hitting nine boundaries.
#total #ball
18 days ago
America's biggest retailers are now sitting on tariff refund checks from the federal government. How they plan to spend the billions of dollars in returns is up to them.
The retailers, including Amazon (AMZN), Target (TGT), and Walmart (WMT), are taking various approaches. Some have offset their costs and cushioned their margins, while others have invested in marketing and cutting prices. In a small number of cases, some even claim plans to return the money to customers.
David Silverman, senior director at Fitch Ratings, noted that the billions in refunds present a predicament for businesses because of the "perception by consumers that they ultimately paid the cost of those tariffs through higher prices."
As of late July, the Trump administration returned more than $100 billion to businesses following the Supreme Court's ruling in February that struck down tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). That's about 60% of the total $166 billion collected under the IEEPA tariffs.
The tariff environment is a "wild card," CFRA **** yst Arun Sundaram said, noting that "[It's] kind of different how each retailer is handling it, and it's also different between how much tariff refunds each retailer is getting."
#tariff #tariffs #prices #different
The retailers, including Amazon (AMZN), Target (TGT), and Walmart (WMT), are taking various approaches. Some have offset their costs and cushioned their margins, while others have invested in marketing and cutting prices. In a small number of cases, some even claim plans to return the money to customers.
David Silverman, senior director at Fitch Ratings, noted that the billions in refunds present a predicament for businesses because of the "perception by consumers that they ultimately paid the cost of those tariffs through higher prices."
As of late July, the Trump administration returned more than $100 billion to businesses following the Supreme Court's ruling in February that struck down tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). That's about 60% of the total $166 billion collected under the IEEPA tariffs.
The tariff environment is a "wild card," CFRA **** yst Arun Sundaram said, noting that "[It's] kind of different how each retailer is handling it, and it's also different between how much tariff refunds each retailer is getting."
#tariff #tariffs #prices #different
19 days ago
NEW DELHI: India made one change to their playing XI for the second Test against Sri Lanka in Colombo on Sunday, with Kuldeep Yadav missing out after failing to fully recover from a viral infection and Saransh Jain making his Test debut.
India captain Shubman Gill won the toss and elected to bat first, with the hosts also handing Test debuts to Kamil Mishara and Pasindu Sooriyabandara.
India entered the second Test with an unassailable 1-0 lead after their 165-run victory in the series opener at Galle. However, Kuldeep's absence meant India had to alter their combination, with Jain coming into the XI as the spin-bowling allrounder.
The Board of Control for Cricket in India (BCCI) confirmed that Kuldeep remains unavailable for selection but could still be used in a specific situation.
"Mr Kuldeep Yadav has not fully recovered from his viral illness. He was unavailable for selection in the Playing XI for the second Test against Sri Lanka. However, he can take the field as a concussion substitute, if required," the BCCI said.
Gill also addressed Kuldeep's absence after winning the toss, confirming that an infection had ruled out the left-arm wristspinner.
"[Playing XI] Kuldeep, unfortunately, had some infections, so he misses out, and Saransh makes his debut for India," Gill said.
With Kuldeep unavailable, Jain received his first opportunity at Test level. The 33-year-old was presented his India cap by Ravindra Jadeja during the team's huddle before the start of play.
Jain becomes the first India player to make his international debut after turning 33 since Robin Singh in 1998.
Gill opted to bat after ******* sing the Colombo surface and felt it offered better batting conditions than the pitch in Galle.
"Batting first, yes. [On the pitch] It looks like a much harder, much better surface compared to Galle. Galle was also a very good wicket, but I think as the game went on, it got a little bit slower and the ball started to turn. We're expecting the same, but I think for the first two or three days, I think it'll be a really good wicket to bat on," Gill said.
Reflecting on India's dominant win in the first Test, Gill rated the team's performance highly but admitted there was still room for improvement.
"[How he would rate the Galle win] I would say probably a nine, because there's always room for improvement, and I think we played a pretty good match, a decent match. And obviously there were some areas where we could have got a little bit better, but, you know, this is Test cricket. It's very, very difficult to be able to have a near-perfect game because you're playing for five days, and to play that dominant and consistent cricket, especially in Test, is hard. But I think overall we had a pretty good match," Gill said.
India Playing XI: Yashasvi Jaiswal, KL Rahul, Devdutt Padikkal, Shubman Gill(c), Rishabh Pant(w), Ravindra Jadeja, Dhruv Jurel, Saransh Jain, Manav Suthar, Mohammed Siraj, Prasidh Krishna
Sri Lanka P
India captain Shubman Gill won the toss and elected to bat first, with the hosts also handing Test debuts to Kamil Mishara and Pasindu Sooriyabandara.
India entered the second Test with an unassailable 1-0 lead after their 165-run victory in the series opener at Galle. However, Kuldeep's absence meant India had to alter their combination, with Jain coming into the XI as the spin-bowling allrounder.
The Board of Control for Cricket in India (BCCI) confirmed that Kuldeep remains unavailable for selection but could still be used in a specific situation.
"Mr Kuldeep Yadav has not fully recovered from his viral illness. He was unavailable for selection in the Playing XI for the second Test against Sri Lanka. However, he can take the field as a concussion substitute, if required," the BCCI said.
Gill also addressed Kuldeep's absence after winning the toss, confirming that an infection had ruled out the left-arm wristspinner.
"[Playing XI] Kuldeep, unfortunately, had some infections, so he misses out, and Saransh makes his debut for India," Gill said.
With Kuldeep unavailable, Jain received his first opportunity at Test level. The 33-year-old was presented his India cap by Ravindra Jadeja during the team's huddle before the start of play.
Jain becomes the first India player to make his international debut after turning 33 since Robin Singh in 1998.
Gill opted to bat after ******* sing the Colombo surface and felt it offered better batting conditions than the pitch in Galle.
"Batting first, yes. [On the pitch] It looks like a much harder, much better surface compared to Galle. Galle was also a very good wicket, but I think as the game went on, it got a little bit slower and the ball started to turn. We're expecting the same, but I think for the first two or three days, I think it'll be a really good wicket to bat on," Gill said.
Reflecting on India's dominant win in the first Test, Gill rated the team's performance highly but admitted there was still room for improvement.
"[How he would rate the Galle win] I would say probably a nine, because there's always room for improvement, and I think we played a pretty good match, a decent match. And obviously there were some areas where we could have got a little bit better, but, you know, this is Test cricket. It's very, very difficult to be able to have a near-perfect game because you're playing for five days, and to play that dominant and consistent cricket, especially in Test, is hard. But I think overall we had a pretty good match," Gill said.
India Playing XI: Yashasvi Jaiswal, KL Rahul, Devdutt Padikkal, Shubman Gill(c), Rishabh Pant(w), Ravindra Jadeja, Dhruv Jurel, Saransh Jain, Manav Suthar, Mohammed Siraj, Prasidh Krishna
Sri Lanka P
20 days ago
America's biggest retailers are now sitting on tariff refund checks from the federal government. How they plan to spend the billions of dollars in returns is up to them.
The retailers, including Amazon (AMZN), Target (TGT), and Walmart (WMT), are taking various approaches. Some have offset their costs and cushioned their margins, while others have invested in marketing and cutting prices. In a small number of cases, some even claim plans to return the money to customers.
David Silverman, senior director at Fitch Ratings, noted that the billions in refunds present a predicament for businesses because of the "perception by consumers that they ultimately paid the cost of those tariffs through higher prices."
As of late July, the Trump administration returned more than $100 billion to businesses following the Supreme Court's ruling in February that struck down tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). That's about 60% of the total $166 billion collected under the IEEPA tariffs.
The tariff environment is a "wild card," CFRA **** yst Arun Sundaram said, noting that "[It's] kind of different how each retailer is handling it, and it's also different between how much tariff refunds each retailer is getting."
#billions
The retailers, including Amazon (AMZN), Target (TGT), and Walmart (WMT), are taking various approaches. Some have offset their costs and cushioned their margins, while others have invested in marketing and cutting prices. In a small number of cases, some even claim plans to return the money to customers.
David Silverman, senior director at Fitch Ratings, noted that the billions in refunds present a predicament for businesses because of the "perception by consumers that they ultimately paid the cost of those tariffs through higher prices."
As of late July, the Trump administration returned more than $100 billion to businesses following the Supreme Court's ruling in February that struck down tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). That's about 60% of the total $166 billion collected under the IEEPA tariffs.
The tariff environment is a "wild card," CFRA **** yst Arun Sundaram said, noting that "[It's] kind of different how each retailer is handling it, and it's also different between how much tariff refunds each retailer is getting."
#billions
20 days ago
Montreal Victoire forward Dara Greig was set to have a "bringing it home" ceremony where she shepherded her Professional Women's Hockey League trophy around her hometown of Lethbridge in the Canadian province of Alberta on Thursday.
But it was postponed.
Because the Walter Cup is missing.
The official Walter Cup, presented when the Victoire beat the Ottawa Charge in four games to win the PWHL championship in May, is housed in the Hockey Hall of Fame in Toronto. Each championship-winning team, however, is issued its own version, and now Montreal's is missing.
"The Walter Cup keeper trophy awarded to the Montreal Victoire did not arrive as expected at its latest stop on the team's tour," the PWHL said in a statement. "We are working closely with the shipping company to locate it."
#montreal #championship
But it was postponed.
Because the Walter Cup is missing.
The official Walter Cup, presented when the Victoire beat the Ottawa Charge in four games to win the PWHL championship in May, is housed in the Hockey Hall of Fame in Toronto. Each championship-winning team, however, is issued its own version, and now Montreal's is missing.
"The Walter Cup keeper trophy awarded to the Montreal Victoire did not arrive as expected at its latest stop on the team's tour," the PWHL said in a statement. "We are working closely with the shipping company to locate it."
#montreal #championship
21 days ago
Sri Lanka have added off-spin all-rounder Sahan Arachchige and batter Kamil Mishara to their squad for the second and final Test against India, starting in Colombo on August 23.
Sri Lanka need a win to draw the two-match series after India won the opening Test in Galle by 165 runs.
The hosts will be without Kusal Mendis and Dinesh Chandimal for the Colombo Test.
Arachchige, who has played five ODIs and one T20I, has been brought in for Kusal Mendis. He impressed while captaining Sri Lanka A against India A last month, finishing as the second-highest run-scorer in the series with 209 runs.
Top-order batter Kamil Mishara has replaced Nishan Fernando, who did not make an impact in the Galle Test.
After the first Test, Sri Lanka head coach Gary Kirsten confirmed that Kusal Mendis has a "proper hamstring injury" and will be unavailable for some time.
Chandimal, meanwhile, was ruled out after sustaining an injury on the fourth day of the Galle Test. He has to serve a minimum seven-day stand-down period under concussion protocols.
Pasindu Sooriyabandara replaced Chandimal as a concussion substitute and will remain with the squad for the second Test.
Sri Lanka will now look to make changes to their playing XI as they attempt to level the series in Colombo.
Sri Lanka squad for the 2nd Test
Lahiru Udara, Kamil Mishara, Pasindu Sooriyabandara, Kamindu Mendis (Vice Captain), Dhananjaya De Silva (Captain), Sahan Arachchige, Sonal Dinusha, Niroshan **** wella, Keshara Nuwantha, Prabath Jayasuriya, Milan Ratnayake, Lahiru **** ara, Asitha Fernando, Vishwa Fernando.
#arachchige
Sri Lanka need a win to draw the two-match series after India won the opening Test in Galle by 165 runs.
The hosts will be without Kusal Mendis and Dinesh Chandimal for the Colombo Test.
Arachchige, who has played five ODIs and one T20I, has been brought in for Kusal Mendis. He impressed while captaining Sri Lanka A against India A last month, finishing as the second-highest run-scorer in the series with 209 runs.
Top-order batter Kamil Mishara has replaced Nishan Fernando, who did not make an impact in the Galle Test.
After the first Test, Sri Lanka head coach Gary Kirsten confirmed that Kusal Mendis has a "proper hamstring injury" and will be unavailable for some time.
Chandimal, meanwhile, was ruled out after sustaining an injury on the fourth day of the Galle Test. He has to serve a minimum seven-day stand-down period under concussion protocols.
Pasindu Sooriyabandara replaced Chandimal as a concussion substitute and will remain with the squad for the second Test.
Sri Lanka will now look to make changes to their playing XI as they attempt to level the series in Colombo.
Sri Lanka squad for the 2nd Test
Lahiru Udara, Kamil Mishara, Pasindu Sooriyabandara, Kamindu Mendis (Vice Captain), Dhananjaya De Silva (Captain), Sahan Arachchige, Sonal Dinusha, Niroshan **** wella, Keshara Nuwantha, Prabath Jayasuriya, Milan Ratnayake, Lahiru **** ara, Asitha Fernando, Vishwa Fernando.
#arachchige
21 days ago
On August 17, Uber Technologies (NYSE:UBER) announced a partnership with drone delivery company Zipline to bring autonomous drone delivery to Uber Eats customers across the United States, alongside a strategic investment in the company. The deal is Uber's second major drone bet after last year's tie-up with Flytrex, and it lands as the ride-hailing giant tries to convince investors its business is stronger than its stock price suggests. Shares are down roughly 9% this year even as revenue, profit, and user growth have all moved in the right direction.
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#drone #zipline #billion #autonomous
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#drone #zipline #billion #autonomous
22 days ago
On August 17, Uber Technologies (NYSE:UBER) announced a partnership with drone delivery company Zipline to bring autonomous drone delivery to Uber Eats customers across the United States, alongside a strategic investment in the company. The deal is Uber's second major drone bet after last year's tie-up with Flytrex, and it lands as the ride-hailing giant tries to convince investors its business is stronger than its stock price suggests. Shares are down roughly 9% this year even as revenue, profit, and user growth have all moved in the right direction.
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#year #delivery #autonomous #Stock
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#year #delivery #autonomous #Stock
24 days ago
'Awful umpiring', 'Clearly not out': Cricket World reacts to Dhruv Jurel catch controversy in IND vs SL Test as ball appears to scrape turf originally appeared on Cricket News. Add Cricket News as a Preferred Source by clicking here.
Dhruv Jurel's catch to dismiss Lahiru Udara sparked a major controversy in Galle.
Replays suggested the ball may have brushed the turf as the catch was completed.
Reserve umpire Raveendra Wimalasiri was officiating during the first Test between India and Sri Lanka after Rod Tucker fell unwell.
India's charge towards victory in Galle was interrupted by a flashpoint that had the cricket world in near-unanimous agreement, and not in the third umpire's favour. Dhruv Jurel's catch to remove Lahiru Udara was given out despite replays appearing to show the ball making contact with the ground.
#Cricket #ball #udara #galle
Dhruv Jurel's catch to dismiss Lahiru Udara sparked a major controversy in Galle.
Replays suggested the ball may have brushed the turf as the catch was completed.
Reserve umpire Raveendra Wimalasiri was officiating during the first Test between India and Sri Lanka after Rod Tucker fell unwell.
India's charge towards victory in Galle was interrupted by a flashpoint that had the cricket world in near-unanimous agreement, and not in the third umpire's favour. Dhruv Jurel's catch to remove Lahiru Udara was given out despite replays appearing to show the ball making contact with the ground.
#Cricket #ball #udara #galle
24 days ago
Sri Lanka batter Dinesh Chandimal was taken to hospital for precautionary scans after suffering an awkward fall while attempting to save a boundary during India's second innings on Day 4 of the first Test at the Galle International Stadium on Tuesday. The incident occurred during the fourth over of India's second innings when Chandimal sprinted from deep midwicket towards deep square leg to stop a shot from KL Rahul.
Chandimal managed to save two runs but tumbled awkwardly after crossing the boundary. His body twisted over his upper body during the fall, leaving him in visible discomfort.
The Sri Lankan batter was seen clutching his right shoulder, head and neck immediately after the incident. He was ******* sed on the field by the Sri Lankan team doctor and physiotherapist before gingerly walking off the ground. He was subsequently taken to hospital for precautionary scans. Further updates on his condition are awaited.
Meanwhile, Pasindu Sooriyabandara will replace Dinesh Chandimal as the concussion replacement. The match referee has approved the concussion replacement.
Meanwhile, India strengthened their position in the Test during the opening session on Day 4. After bowling Sri Lanka out for 284 on Day 3, India took a 174-run first-innings lead and reached 116/4 at lunch, extending their overall advantage to 294 runs.
India suffered an early blow when Yashasvi Jaiswal was dismissed for a duck by Asitha Fernando off the third ball of the opening over.
KL Rahul and Devdutt Padikkal then steadied the innings, putting together a 64-run partnership for the second wicket. Rahul scored 35 before Prabath Jayasuriya dismissed him, while Jayasuriya also removed India captain Shubman Gill for 8.
Padikkal continued to counter the Sri Lankan bowlers and made 44 before being trapped lbw shortly before lunch. Rishabh Pant was unbeaten on 21 at the interval.
India in commanding position
At lunch, India were 116/4 in 29 overs, with a commanding overall lead of 294 runs.
Brief scores: India 462 & 116/4 (Rishabh Pant 21*, Devdutt Padikkal 44; Prabath Jayasuriya 2/42) lead Sri Lanka 284 by 294 runs.
#India #chandimal #jayasuriya #second
Chandimal managed to save two runs but tumbled awkwardly after crossing the boundary. His body twisted over his upper body during the fall, leaving him in visible discomfort.
The Sri Lankan batter was seen clutching his right shoulder, head and neck immediately after the incident. He was ******* sed on the field by the Sri Lankan team doctor and physiotherapist before gingerly walking off the ground. He was subsequently taken to hospital for precautionary scans. Further updates on his condition are awaited.
Meanwhile, Pasindu Sooriyabandara will replace Dinesh Chandimal as the concussion replacement. The match referee has approved the concussion replacement.
Meanwhile, India strengthened their position in the Test during the opening session on Day 4. After bowling Sri Lanka out for 284 on Day 3, India took a 174-run first-innings lead and reached 116/4 at lunch, extending their overall advantage to 294 runs.
India suffered an early blow when Yashasvi Jaiswal was dismissed for a duck by Asitha Fernando off the third ball of the opening over.
KL Rahul and Devdutt Padikkal then steadied the innings, putting together a 64-run partnership for the second wicket. Rahul scored 35 before Prabath Jayasuriya dismissed him, while Jayasuriya also removed India captain Shubman Gill for 8.
Padikkal continued to counter the Sri Lankan bowlers and made 44 before being trapped lbw shortly before lunch. Rishabh Pant was unbeaten on 21 at the interval.
India in commanding position
At lunch, India were 116/4 in 29 overs, with a commanding overall lead of 294 runs.
Brief scores: India 462 & 116/4 (Rishabh Pant 21*, Devdutt Padikkal 44; Prabath Jayasuriya 2/42) lead Sri Lanka 284 by 294 runs.
#India #chandimal #jayasuriya #second
24 days ago
On August 14, Pony.ai (NASDAQ:PONY) said it would deploy more than 2,000 robotaxis across Europe under an expanded partnership with Uber (NYSE:UBER) that dates back to May 2025. The rollout stretches from an existing commercial service in Zagreb, Croatia to four additional European cities, with plans to reach the Middle East as well. For a company built on human drivers, that expansion says a lot about where Uber thinks its next act is headed.
Uber's driver network is also its biggest expense. In the second quarter, the platform processed $58 billion in gross bookings, and $25 billion of that went straight to its 10.2 million drivers, the single largest cost on the books. Every autonomous mile that removes a driver from that equation pushes more of each ride toward Uber's own margins, without Uber needing to build or own a self-driving car itself.
That is the logic behind the model CEO Dara Khosrowshahi has been building: let partners like Pony.ai handle the hardware and software, while Uber supplies the 208 million monthly active customers already on its app. Autonomous vehicles run in seven cities today, and Khosrowshahi has signaled that could double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to commit to its partners over the next few years.
The core business is moving too. Uber added more first-time users over the past year than in any twelve months of the last five; monthly active platform consumers grew 16% year-over-year, and trips rose 18%. Delivery, now more than a third of total sales, grew revenue 28% year-over-year while transportation grew just 1%. Non-GAAP net income climbed 29% to $1.6 billion, an 11.6% margin, and the stock's roughly 8% year-to-date slide has left its price-to-sales ratio at 2.8, well under its 4.1 average since going public in 2019.
Friday's announcement left notable gaps. Pony.ai gave no timeline for when the 2,000-plus robotaxis would actually hit European roads, and the four cities beyond Zagreb went unnamed, as did any specifics on the Middle East plans. For a company betting its next act on autonomy, vague rollout details are a reason for caution as much as excitement.
#billion #cities #zagreb
Uber's driver network is also its biggest expense. In the second quarter, the platform processed $58 billion in gross bookings, and $25 billion of that went straight to its 10.2 million drivers, the single largest cost on the books. Every autonomous mile that removes a driver from that equation pushes more of each ride toward Uber's own margins, without Uber needing to build or own a self-driving car itself.
That is the logic behind the model CEO Dara Khosrowshahi has been building: let partners like Pony.ai handle the hardware and software, while Uber supplies the 208 million monthly active customers already on its app. Autonomous vehicles run in seven cities today, and Khosrowshahi has signaled that could double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to commit to its partners over the next few years.
The core business is moving too. Uber added more first-time users over the past year than in any twelve months of the last five; monthly active platform consumers grew 16% year-over-year, and trips rose 18%. Delivery, now more than a third of total sales, grew revenue 28% year-over-year while transportation grew just 1%. Non-GAAP net income climbed 29% to $1.6 billion, an 11.6% margin, and the stock's roughly 8% year-to-date slide has left its price-to-sales ratio at 2.8, well under its 4.1 average since going public in 2019.
Friday's announcement left notable gaps. Pony.ai gave no timeline for when the 2,000-plus robotaxis would actually hit European roads, and the four cities beyond Zagreb went unnamed, as did any specifics on the Middle East plans. For a company betting its next act on autonomy, vague rollout details are a reason for caution as much as excitement.
#billion #cities #zagreb
25 days ago
Princess Eugenie recently welcomed her third child - a baby girl - with her husband, Jack Brooksbank – but the new royal baby does not have any **** les.
The royal, 36, who is the younger daughter of Andrew Mountbatten-Windsor and Sarah Ferguson, is already mother to August, five, and Ernest, three.
Her older sister, Princess Beatrice, has two daughters, Sienna, four, and Athena, one, with her husband Edoardo Mapelli Mozzi. She is also stepmother to Wolfie, from Edoardo's previous relationship with architect Dara Huang.
Both Beatrice and Eugenie were born Princesses, though their father, Andrew, was stripped of his "Prince" **** le last October over his links to the late paedophile financier Jeffrey Epstein.
Neither Beatrice nor Eugenie's children have British royal **** les as they are not direct grandchildren of the reigning monarch, King Charles.
#baby
The royal, 36, who is the younger daughter of Andrew Mountbatten-Windsor and Sarah Ferguson, is already mother to August, five, and Ernest, three.
Her older sister, Princess Beatrice, has two daughters, Sienna, four, and Athena, one, with her husband Edoardo Mapelli Mozzi. She is also stepmother to Wolfie, from Edoardo's previous relationship with architect Dara Huang.
Both Beatrice and Eugenie were born Princesses, though their father, Andrew, was stripped of his "Prince" **** le last October over his links to the late paedophile financier Jeffrey Epstein.
Neither Beatrice nor Eugenie's children have British royal **** les as they are not direct grandchildren of the reigning monarch, King Charles.
#baby