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The Snapchat messaging application is seen on a phone screen

Meta, Alphabet, Pinterest shares shudder on Snap warning

Shares of Meta Platforms, Google-owner Alphabet and other companies that sell digital ads dropped late on Thursday after Snapchat owner Snap Inc blamed inflation for its slowest revenue growth since going public five years ago.
The New York Stock Exchange building is seen from Broad Street in Lower Manhattan in New York

S&P 500 to open lower as UK's Truss resigns as PM

The S&P 500 index was set to open lower on Thursday after the resignation of Liz Truss as prime minister of the UK added a layer of uncertainty to markets struggling to hold on to gains from a set of positive earnings forecasts from U.S.
Moist powder tobacco "snus" cans are seen on shelves at a Swedish Match store in Stockholm

Philip Morris sweetens buyout bid for Swedish Match

Marlboro maker Philip Morris International Inc on Thursday raised its buyout offer for Swedish Match AB in a last-ditch effort to get shareholder support for its $16 billion move into the fast-growing market for alternatives to cigarettes.
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