CNBC Top News

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• Senate panel advances China auto bill that could bar Mercedes-Benz from U.S.

  Mercedes-Benz’s largest individual shareholder is Chinese state-owned BAIC. Cruz warned the bill could hurt Mercedes and accused GM of backing it.

• EU antitrust regulators clear Paramount-WBD merger as it faces challenge by U.S. states

  European regulators signed off on Paramount's proposed acquisition of Warner Bros. Discovery.

• Renting a yacht in the Mediterranean this summer just got cheaper

  Summer charters in the Med are down 20% to 30% from last year, yacht brokers say, with a growing number offering special discounts for July and August.

• Nike to cut off thousands of online distributors in China, restructure digital footprint

  Nike is streamlining its online business in China as the company looks to stabilize pricing and branding and get back to growth.

• RFK Jr. says cyclospora outbreak is 'under control'

  Health and Human Services Secretary Robert F. Kennedy Jr. on Tuesday said that the ongoing outbreak of cyclosporiasis is "under control."

• Goldman Sachs creates private markets platform as rich investors seek the next SpaceX and Stripe

  Goldman Sachs is launching a new alternative investments platform aimed at giving wealthy clients and family offices direct stakes in private companies.

• GM announces new gas-powered Cadillac vehicles amid EV pullback

  GM CEO Mary Barra said Tuesday the next-generation Cadillacs will include new versions of the CT5 sedan, XT5 midsize SUV and discontinued three-row XT6 SUV.

• GM beats on earnings, raises guidance amid 'resilient' consumer, pricing

  GM raised several key earnings forecasts after beating Wall Street's second-quarter expectations as its North American operations continue to drive results.

• Novo Nordisk sues Eli Lilly, alleging misleading GLP-1 advertising

  Novo asked the court to permanently stop Lilly from running the "deceptive" ads and require the drugmaker to issue corrective advertising.

• Wall Street is selling more rental homes, as buying ban takes effect

  The largest landlords are all net sellers year to date, with 3,180 more homes sold than bought since Jan. 1.