Campbell’s said it is cutting 13% of its salaried workforce and closing two snack plants as it seeks to improve operations and return to profitability. The company’s snacks volumes fell 6%, and it has implemented average price increases of 4% to 5% across about 60% of its portfolio, with benefits expected to begin flowing through in the second quarter. Campbell’s plans to generate about $500 million in cost savings by fiscal 2030. It forecast fiscal 2027 net sales to decline 2% to 4% and adjusted earnings per share of $1.65 to $1.80, below analysts’ estimates of $1.86.

Southwest Airlines said it will roll out its first airport lounge network, with four lounges scheduled to open in Austin, Baltimore, Honolulu and Nashville by late 2027. The lounges will offer dining options, amenities and travel benefits. The move is designed to deepen the carrier’s 30-year partnership with Chase and strengthen its Rapid Rewards loyalty program.

Uber said it will cut roughly 3,300 jobs, about 10% of its workforce, as it moves to streamline operations. The company plans to remove management layers and reduce the number of small “microteams.” It is also asking most remote employees to return to an office, and expects only about 1% of roles to remain remote going forward.

New York City’s proposed Delivery Protection Act would require some delivery operators to directly employ workers who perform core services, including delivery, and would restrict subcontracting. Amazon says the measure could lift per-package delivery costs by 267% and add $664 a year for every New York City household, while putting more than 40 delivery service partners and 5,000-plus employees at risk, according to Fox News Digital. The company says the rules could push last-mile operations outside the five boroughs and potentially out of the city.

Walmart is rolling out tap-to-pay technology across its U.S. stores, aiming to reach all Walmart and Sam’s Club locations by the end of 2026 and extend it to fuel stations by mid-2027. The company reported second-quarter revenue of $187.9 billion, up 5.9% from a year earlier. U.S. ecommerce sales rose 24% in the quarter, and Walmart raised its outlook for the fiscal year.

Dick’s Sporting Goods shares plunged more than 29% on Tuesday, marking the retailer’s largest single-day drop on record. The company cited weaker demand for athletic apparel and footwear and lowered its full-year 2026 sales outlook to $21.9 billion–$22.2 billion, below its prior forecast. Second-quarter earnings were $3.53 per share, missing expectations of $3.76. Last year, Dick’s bought Foot Locker for $2.4 billion to expand its sneaker business and international reach.

Casino operator Bally’s issued a going-concern warning in its second-quarter earnings report, citing a deepening liquidity crunch. As of end-June, the company owned and operated 20 casinos globally, spanning the United Kingdom and 11 U.S. states. Shares have fallen more than 35.9% over the five trading days following the disclosure, and are down more than 46.8% since the start of 2026.

The U.S. Department of Defense has struck a software deal with Oracle valued at nearly $7 billion. Separately, L3Harris said its CEO resigned over a conduct violation and that Sam Mehta will take over. The company said its Space and Mission Systems (SMS) and Communications and Spectrum Dominance (CSD) units generate more than 80% of total revenue. L3Harris bought Aerojet Rocketdyne in 2023 and announced in January it would spin off its missile solutions unit, with the Pentagon set to take a $1 billion stake in the new company.

Ferrari’s first fully electric vehicle, the 2026 Ferrari Luce “Tailor Made,” sold for $40 million at an RM Sotheby’s auction in Monterey, California. The car is the first production chassis from Ferrari’s new EV program and is identified as “Chassis 0.” All proceeds from the sale will go to the Ferrari Foundation to support education initiatives.