Dow Jones Top Company Headlines at 3 AM ET: Nvidia-Backed Firmus Scraps Australian IPO, Citing Market Conditions | American ...

In a roundup of Dow Jones “Top Company Headlines,” Nvidia-backed cloud-computing firm Firmus has scrapped plans for what would have been Australia’s largest IPO in nearly 30 years, citing market conditions. The list also highlights earnings expectations across U.S. independent refiners, with Valero Energy, Marathon Petroleum and Phillips 66 expected to post strong results for the June quarter. Walmart faces friction as it expands warehouse robots amid “peak complexity.” SpaceX is buying spectrum licenses to build a mobile network. Other items include Aritzia raising its full-year revenue outlook after a 60% surge in U.S. sales to C$779.4 million, American Airlines ending programs related to involuntary passenger removals, and Devon Energy selling Eagle Ford assets to Crescent Energy for $4.2 billion.