Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

US stocks drift near their records as gold's price falls again

SUMMARY: Stocks are drifting near their record heights on Wall Street, while the price of gold falls again to trim more off its tremendous gain for the year. The S&P 500 slipped 0.1% Wednesday and is sitting just underneath its all-time high set earlier this month. The Dow Jones Industrial Average dropped 99 points from its own record, and the Nasdaq composite fell 0.3%. Netflix weighed on the market after delivering a weaker profit for the summer than analysts expected. Beyond Meat soared again to continue its stunning week as it becomes the latest meme stock. Stock indexes were mixed across Europe and Asia.

WORDS: 644 - MOVED: 10/22/2025 1:30 a.m. EDT

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Google and Apple face extra UK scrutiny over 'strategic' role in mobile platforms

SUMMARY: Britain's antitrust watchdog has targeted Google and Apple for their "strategic" roles in mobile ecosystems, opening the door for regulators to impose changes to their business practices to improve competition. The Competition and Markets Authority escalated scrutiny of the two U.S. tech companies on Wednesday by labeling them with "strategic market status." It follows separate investigations that the CMA opened at the start of the year into Google's Android and Apple's iOS using newly acquired digital market regulations designed to protect consumers and businesses from unfair practices by Big Tech companies. Google called the decision "disappointing."

WORDS: 424 - MOVED: 10/22/2025 9:32 a.m. EDT

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Five 2026 vehicles you should absolutely wait for

SUMMARY: Have you ever bought a new car then realized that a redesigned version of the car you just purchased just came out? Or worse, a brand-new model that's similar to the car you bought hit the market just months later. There are a lot of cars in today's market, and it's hard to keep track of the latest and greatest models that are about to land in dealerships. Fortunately, the car experts at Edmunds know about all the latest models about to go on sale. So if you're buying a car soon, make sure to check out our list of the 2026 vehicles you should wait for.

WORDS: 789 - MOVED: 10/22/2025 7:33 a.m. EDT

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Money-losing companies with colorful histories have pivoted to crypto

SUMMARY: So far this year, billions of dollars have flowed into companies that have reinvented themselves by making the buying and holding of cryptocurrency their main focus. More than 200 public companies have announced plans to hold crypto on their balance sheets as so-called digital asset treasury companies, or DATs, including one with ties to the Trump family. The rebranding as crypto companies came after years of losses in a variety of niche enterprises that include making lavender-flavored vodka, manufacturing materials for indoor marijuana growers, and selling ozone-infused water as part of a "nanobubble" cleaning technology.

WORDS: 1438 - MOVED: 10/22/2025 7:14 a.m. EDT

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Netflix blames tax dispute in Brazil for rare quarterly earnings letdown

SUMMARY: Netflix's missed the earnings target set by stock market analysts during the video streamer's latest quarter, a letdown that the company blamed on a tax dispute in Brazil. The results announced Tuesday broke Netflix's six-quarter streak of posting a profit that eclipsed the analysts projections that steer investors. The Los Gatos, California cited an unexpected $619 million expense tied to the Brazilian tax dispute for the earnings shortfall while hailing its programming for delivering revenue the matched analyst forecasts. Investors, though, weren't placated by the explanation as Netflix's shares still fell by more than 6% in extended trading after the numbers came out.

WORDS: 734 - MOVED: 10/21/2025 4:39 p.m. EDT

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JPMorgan Chase unveils new 60-story headquarters, reshaping New York City's skyline

SUMMARY: JPMorgan Chase unveiled its new 60-story headquarters in New York City on Monday. The building replaces the Union Carbide Building at 270 Park Avenue. It's one of the first major office towers constructed after the COVID-19 pandemic. The bank plans to house around 10,000 of its 24,000 New York-based employees there. The copper-toned steel tower features 2.5 million square feet of space and new artworks. The building's construction was a major engineering feat due to its location above Metro North Railroad tracks. JPMorgan now plans to renovate its 383 Madison Avenue location.

WORDS: 673 - MOVED: 10/21/2025 9:50 a.m. EDT

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Warner Bros. Discovery confirms it has received buyout interest and is considering its options

SUMMARY: Warner Bros. Discovery -- the home of HBO, CNN and DC Studios -- has signaled that it may be open to selling all or parts of its business, just months after announcing plans to split into two companies. In an announcement Tuesday, the entertainment and media giant said it had initiated a review of "strategic alternatives" in light of "unsolicited interest" it had received from multiple parties for both the entire company and Warner Bros. specifically. Warner Bros. Discovery did not specify who that interest was coming from -- but the review arrives after reports of a potential bidding war. Shares of Warner Bros. Discovery jumped nearly 10% Tuesday.

WORDS: 656 - MOVED: 10/21/2025 9:37 a.m. EDT

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The Dow hits a record as 3M, Coca-Cola and other big US stocks climb

SUMMARY: The Dow Jones Industrial Average hit a record. It rose 218 points, or 0.5%, on Tuesday and topped its prior all-time high, which was set early this month. The S&P 500 index, which is much more important on Wall Street and dictates the performance of many more 401(k) accounts, was essentially flat and finished 0.3% below its own record. Strong earnings reports from 3M, Coca-Cola and others helped drive the gains. But some Big Tech stocks faltered and pulled the Nasdaq composite down 0.2%. The price of gold took a break from its torrid run this year and fell.

WORDS: 711 - MOVED: 10/21/2025 12:26 a.m. EDT

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Trump administration pledges to speed some student loan forgiveness after lawsuit

SUMMARY: The Trump administration has agreed to resume student loan forgiveness for an estimated 2.5 million borrowers who are enrolled in certain in certain federal repayment plans following a lawsuit from the American Federation of Teachers. Under the agreement reached Friday between the teachers union and the administration, the Education Department will provide loan forgiveness for those eligible in certain repayment plans that offer lower monthly payments based on a borrower's earnings. The government had stopped providing forgiveness under those plans based on its interpretation of a different court decision.

WORDS: 590 - MOVED: 10/21/2025 3:48 p.m. EDT

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Citi Foundation is putting $25M toward tackling young adults' unemployment and AI labor disruptions

SUMMARY: Citi Foundation is donating a half million dollars to each of 50 groups that provide digital literacy skills, technical training and career guidance for low-income youth around the world. The effort is a response to high unemployment among young adults and concerns that artificial intelligence will replace entry-level roles. Ed Skyler, Citi's Head of Enterprise Services and Public Affairs, says "what we want to do is make sure young people are as prepared as possible to find employment in a world that's moving really quickly." But Brookings Institution senior fellow Martha Ross says the scale of technology's labor market disruption is "too big for philanthropy" to fix alone.

WORDS: 808 - MOVED: 10/21/2025 8:22 a.m. EDT

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GM boosts full-year outlook as it foresees a smaller impact from tariffs and 3Q results top Street

SUMMARY: General Motors anticipates a smaller impact from tariffs and is boosting its full-year adjusted earnings forecast as its third-quarter performance topped Wall Street's expectations. Shares surged on the news. The automaker reduced its expectations for the full-year gross impact from tariffs to a range of $3.5 billion to $4.5 billion. Its previous guidance was $4 billion to $5 billion. GM anticipates that its tariff mitigation actions will offset about 35% of the impact due to a lower tariff base.

WORDS: 597 - MOVED: 10/21/2025 7:19 a.m. EDT

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Premium drinks and mini cans help Coca-Cola boost third quarter results despite tepid demand

SUMMARY: The Coca-Cola Co. said sales of premium beverages and mini cans helped boost its third quarter results despite tepid demand in the U.S. and elsewhere. Coke said Tuesday it continues to see a divergence among consumers in North America and Europe, with higher-income buyers opting for its more expensive brands like Smartwater and Fairlife while middle- and lower-income consumers are under more pressure. Coke's organic revenue grew 6% to $12.41 billion in the July-September period. That was in line with Wall Street's expectations, according to analysts polled by FactSet. Coke said its unit case volumes were up 1% worldwide. Case volumes were flat in North America.

WORDS: 604 - MOVED: 10/21/2025 7:34 a.m. EDT

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Blackstone, TPG plan to take Hologic private in a deal worth more than $13 billion

SUMMARY: Private equity firms Blackstone and TPG will spend more than $13 billion to buy women's health specialist Hologic. The companies said Tuesday they will pay up to $79 for each Hologic share in a deal that takes the company private. Shares of Hologic rose after markets opened Tuesday. The companies said the price represents a premium of about 46% to the stock's closing price in late May, before media reports surfaced about a possible deal. The terms include $76 in cash for each share plus extra payments when the deal closes and if some revenue goals are met.

WORDS: 218 - MOVED: 10/21/2025 10:38 a.m. EDT

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