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Under fire: Turmoil at the company began with a 2015 accounting scandal and has continued this year. A report released in June found that Toshiba executives and officials at Japan's Ministry of Economy, Trade and Industry had collaborated to stifle foreign shareholders' voices ahead of an annual shareholder meeting in July 2020. The new decision to split up may not fully satisfy some of those foreign investors, which have called for Toshiba to be taken private after an offer was made by U.K.-based CVC Capital in April.
In Europe, at midday, London -0.5%. Paris +0.3%. Frankfurt +0.2%.
Futures at 6:20, Dow +0.2%. S&P +0.2. Nasdaq +0.3%. Crude -1.6% at $80.30. Gold -0.8% at $1849.70. Bitcoin -2.5% at $63565.
Ten-year Treasury Yield +2 bps to 1.58%
Goldman Sachs (NYSE:GS) builds thematic ETF lineup with new disruptive funds.
Court rejects Apple's (NASDAQ:AAPL) request in Qualcomm (NASDAQ:QCOM) patent case.
Another breakup... Johnson & Johnson (JNJ) plans to split into two public companies.
Moderna (NASDAQ:MRNA) offers to sell COVID-19 vaccine to Africa at $7 per shot.
U.S. will not open trade probe into Asian solar manufacturers.
Gold sees new momentum as U.S. inflation surges to 30-year high.
General Mills (NYSE:GIS) considers $3B sale of Progresso, Helper brands.
DiDi Global (NYSE:DIDI) prepares to restart apps in China by year's end.
Lordstown Motors (NASDAQ:RIDE) pushes pickup production to later in 2022.


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