01:17 PM EDT, 07/30/2024 (MT Newswires) -- Merck ( MRK ) lowered its 2024 earnings guidance to reflect the costs tied to its Eyebiotech acquisition despite slightly raising its revenue outlook midpoint, while posting stronger-than-expected second-quarter results. The drugmaker now expects full-year adjusted earnings per share in the $7.94 to $8.04 range, down from between $8.53 and $8.65 previously predicted....

PARIS, July 30 (Reuters) - French cosmetics giant L'Oreal reported a 5.3% rise in second-quarter sales, below expectations and likely further rattling investors already worried about the lack of rebound in the important Chinese market. The Paris-based company, which owns the Maybelline and Lancome brands, said on Tuesday that sales in the quarter reached 10.88 billion euros ($11.75 billion), up...

WASHINGTON, July 30 (Reuters) - The chair of the Senate Commerce Committee wants the Federal Aviation Administration to conduct a thorough review into its oversight of Boeing ( BA ) and other manufacturers, raising serious questions about the government's scrutiny of the planemaker. Senator Maria Cantwell in a letter seen by Reuters to FAA Administrator Mike Whitaker said the FAA...

Symbotic, Inc. ( SYM ) stock is trading lower Tuesday after the company reported worse-than-expected 2024 fiscal year third quarter earnings and issued fourth quarter guidance below estimates. What Happened: On Monday after the market closed, Symbotic ( SYM ) reported third quarter financial earnings, including a loss of two cents per share missing analyst estimates of a loss of...