Be in the know. 15 key reads for Friday…

  1. Estee Lauder to Cut More Jobs in Restructuring, Raises Outlook (wsj)
  2. Estée Lauder to Cut 3,000 More Jobs as CEO Pushes Overhaul (bloomberg)
  3. Estee Lauder surges on earnings beat and raised guidance (investing)
  4. Diageo’s Dave Lewis bets big on canned cocktails (ft)
  5. U.S. to Remove Tariffs on Scotch Whisky After King Charles-Trump Meeting (wsj)
  6. Diageo stock climbs as Trump lifts whisky tariffs after King Charles visit (investing)
  7. The Bull Case For A China Macro Comeback Is Getting Harder To Ignore (zerohedge)
  8. China’s EV price war turns into AI arms race beyond cheaper cars (cnbc)
  9. Greer Discusses ‘Board of Trade’ in Call With China’s He Lifeng (bloomberg)
  10. US Economy Grows Solid 2%, Boosted by Surging AI Investment (bloomberg)
  11. Unprecedented AI Spending Is Rewriting Big Tech’s Earnings Season Playbook (barrons)
  12. Consumers Are Still Spending, for Now. These Companies Show It. (barrons)
  13. Why the U.S. Economy Isn’t Sliding Into 1970s-Style Stagflation (barrons)
  14. Runners Got Bored With the Road. So They Moved to the Trail. (wsj)
  15. These Oil Giants Had Written Off Venezuela. Now They Are Taking a Second Look. (wsj)