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Revenge tax gets axed

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Why General Mills Stock Was So Soggy Today

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Investors clearly didn’t want too many servings of food industry mainstay General Mills (NYSE: GIS) on Wednesday. Following the release of a disappointing set of earnings, they assertively traded out of the company’s stock to leave it with a 5% decline on the day. That wasn’t very tasty when compared to the S&P 500 (SNPINDEX: ^GSPC), which essentially flatlined that trading session.

For its fourth quarter of fiscal 2025, General Mills posted net sales of $4.6 billion, representing a decrease of 3% on a year-over-year basis. Worse, net income under generally accepted accounting principles (GAAP) standards shrank by 47% to $294 million. That bottom line looked slightly better on a per-share, non-GAAP (adjusted) basis; it fell a comparatively modest 27% to $0.74.

Concerned person staring at a laptop screen.
Image source: Getty Images.

On average, analysts tracking General Mills stock were expecting that $4.6 billion on the top line. However, they were modeling a slightly lower adjusted net income per share of $0.71.

The drops in key fundamentals were attributed to several factors, including the divestiture of the company’s Canadian yogurt business, reduced sales volume, and what it described as “unfavorable net price realization.”

On a brighter note, General Mills did well in its pet food segment. Sales in the quarter for such products rose by 12% year over year to $675 million, although much of this was due to a recent acquisition (WhiteBridge Pet Brands).

General Mills also proffered guidance for the entirety of its current fiscal year (2026). It’s expecting net sales to range from an increase of 1% over fiscal 2025 to a decline at the same percentage rate. Adjusted net income, on the other hand, is forecast to drop 10% to 15% in constant-currency terms across the same stretch.

None of these results were exactly confidence-building. The pet segment is the one bright spot for General Mills just now, and much of its growth was due to the company’s continuing acquisition spree. I don’t see many compelling reasons to own the stock at the moment.

Before you buy stock in General Mills, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and General Mills wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Google launches Doppl, a new app that lets you visualize how an outfit might look on you

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Google is launching a new experimental app called Doppl that uses AI to visualize how different outfits might look on you, the company announced on Thursday. The app is available on iOS and Android in the U.S.

Doppl is designed to let you virtually try on outfits on a digital version of yourself. The app works by first getting you to upload a full-body photo of yourself. From there, you can use photos or screenshots of different outfits to virtually try them on. These images could be a photo of an outfit you see at a thrift store or on a friend, or even a screenshot of an outfit you see while scrolling through social media.

Once you select an outfit that you want to visualize, Doppl will create an image of a virtual version of yourself wearing the outfit. Doppl can also take these static images and convert them into AI-generated videos so you can get a better sense of how the outfit would look on you in real life.

You can save your favorite looks and browse through all of your other virtual try-ons. Plus, you can also share your look with others.

Image Credits:Google

The tech giant says the new app builds on Google Shopping’s recently launched capabilities that allow you to try on clothes virtually. By launching the functionality in a stand-alone app, Google is making the feature easier to access while allowing people to explore their style in a fun and interactive way, the company believes. It may also help Google collect more data on how apps like this could work, to aid its future efforts in the space.

While Google has offered virtual try-on technology before, the earlier features focused on showing items on a diverse range of models’ bodies. With Doppl, the company is letting you try clothes on an animated version of your own body.

“We hope Doppl helps you explore your style in new and exciting ways,” Google said in a blog post. “As a Google Labs experiment, Doppl is in its early days and it might not always get things right. Fit, appearance and clothing details may not always be accurate.”

Given that the Doppl is an experimental launch, it’s unknown when or if Google plans to bring the app to additional regions.

Sources – Ace Bailey’s reps told team in top five not to pick him

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NEW YORK — Leading up to the NBA draft, Ace Bailey‘s representatives informed a team drafting inside the top five that they didn’t want that team to select the Rutgers wing and that he wouldn’t report if it did, sources told ESPN on Thursday.

Bailey, whose predraft strategy had been one of the biggest storylines entering this year’s draft, wound up being taken — in a surprise — with the No. 5 pick by the Utah Jazz, a team Bailey didn’t work out for and one of which the No. 3 prospect on ESPN’s top 100 list said he wasn’t even sure was interested in him.

“I can control what I can control,” Bailey said, when asked Wednesday night after being drafted what he’d say to people who didn’t believe he was happy winding up with the Jazz. “They feel how they feel.

“But my team and me, me focusing on basketball and them doing what they’re doing, so it happens.”

For his part, Omar Cooper, Bailey’s agent, pushed back on the notion that anything they did during the process was outside of the normal course of business.

“Every NBA team watched him work out in Chicago,” Cooper told ESPN. “He did 18 interviews. Everyone got his medical. They watched him run and jump. They got his measurements.

“No one said anything when Davion Mitchell canceled a workout with the Toronto Raptors. No one criticized Evan Mobley when he didn’t work out for Cleveland, and they drafted him anyway.

“There is nothing uncommon about how Ace Bailey’s predraft process was handled.”

Cooper declined to address questions about the Jazz or Bailey’s future with the franchise.

The way Bailey, a projected top-three pick for much of the season, and his team managed the draft process indicated to rival teams that they had a preferred destination in mind — with, for many, that destination being the Washington Wizards with the No. 6 pick.

Washington had landed Alex Sarr with the No. 2 pick last year after he chose not to work out for the team with the first selection, the Atlanta Hawks. The Wizards also had the kind of roster, with an open hole on the wing, for a player with Bailey’s skill set to step into.

But entering the draft, no team had rival teams guessing more than Utah, with its plans under new president of basketball operations Austin Ainge being kept firmly under wraps.

It turned out those plans were to draft Bailey, giving Utah — which had the league’s worst record but wasn’t one of the four teams to have their pingpong ball selected in last month’s NBA draft lottery, sliding the Jazz all the way down to fifth — a chance at a talent it wouldn’t have been expected to be able to get with the fifth pick for most of the season.

“He’s great,” Ainge told reporters of Bailey in Salt Lake City on Wednesday night after drafting Bailey and Florida guard Walter Clayton Jr. “We were able to speak with him. He was super excited. We’re super excited. We’re expecting a very bright future.

“His scoring gets a lot of attention, [and] deservedly so. He’s very skilled for his size. But watching a lot of film on him, I was impressed with his defensive effort and particularly his rebounding. Lot of weakside block shots, and his joy and energy for the game.

“We do a lot of background calls and work on guys, and everyone loves being around Ace.”

Jonathan Givony is an NBA draft expert and the founder and co-owner of DraftExpress.com, a private scouting and analytics service used by NBA, NCAA and international teams.

Sexy Summer Date Night Dresses, From Boho-Chic Finds to Bubble Hems

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The products featured in this article are from brands available in NBCUniversal Checkout. E! makes a commission on purchases.

We’ve all been there. You’ve got a date on the books but you’re missing one thing: the perfect dress.

If this sounds like you, it means you’re in need of an outfit for your upcoming date. Luckily, we’ve got you covered. 

Our shopping experts selected dresses that are the perfect combination of sexy and cute. If you’re looking to impress, these dresses will make his jaw drop! 

Even more, you’ll love having these dresses in your summer wardrobe for any other warm weather events you might be attending this season.

No matter your style, the best date night dress is sultry, summery, and will give you a major confidence boost.

Shop little black dresses that showcase your curves for a romantic dinner. Brighten up your look by opting for a beige or cream dress. The tiered maxi dress we found below is giving major boho-chic vibes.

Remember, anything can be dressed up with some strappy heels or down with a pair of sandals!

Want to try out the latest trend? Opt for one of the bubble hem dresses we found from Modenaire, which will pair perfectly with pointed-toe kitten heels, a cheeky cocktail, and a dimly lit bar.

Whether you prefer a trendy mini dress or a timeless midi dress, wear one of these sexy summer dresses. They’re sure to wow him or her, and make you feel good in your skin. 

UK car production fell to 76-year low in May as US tariffs hit trade

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Tom Espiner

Business reporter, BBC News

Reuters Car bodies are stored on shelves at the Aston Martin factory in Gaydon, BritainReuters

UK car production sank to its lowest level since 1949 in May as US tariffs hit exports, an industry group has said.

Production fell by nearly a third from a year earlier to 49,810 units, according to the Society of Motor Manufacturers and Traders (SMMT), which – excluding the 2020 Covid pandemic lockdowns – was the lowest figure for 76 years.

Exports to the US halved as President Donald Trump’s tariffs caused some UK car makers to halt shipments.

Production was also hit by continuing work to change factories over to electric vehicle production, the SMMT said.

The drop in exports to the US came after the Trump administration announced new 25% tariffs on cars and car parts in March.

This “depressed demand instantly forcing many manufacturers to stop shipments”, the SMMT said.

Jaguar Land Rover suspended shipments to the US in April, while Aston Martin reduced exports, after the tariffs were imposed early in the month.

The US share of UK exports fell from nearly a fifth to just over a tenth in May.

However, in May the US and UK reached an agreement that included reducing import taxes on a set number of British cars from 25% to 10%.

The deal is due to come into force before the end of June, so the taxes “should hopefully be a short-lived constraint” on production, the SMMT said.

Mike Hawes, the SMMT’s chief executive, said while 2025 has been “an incredibly challenging year”, there is still “some optimism for the future”.

He said trade deals with “crucial markets”, including the US, India, and the EU, plus UK government strategies on industry and trade, “should help recovery”.

SCOTUS delivers gut punch to Planned Parenthood

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A Socialist Mayor? New York Bondholders Aren’t Worried.

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A Socialist Mayor? New York Bondholders Aren’t Worried.

Jahanvi Sardana on how startups reshape markets at All Stage

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TechCrunch All Stage — the ultimate founder summit — is shaping up to be a powerhouse event where 1,200 founders and VCs across all stages will come together to forge meaningful connections and gain practical insights they can immediately apply to scale their startups. Join us on July 15 at SoWa Power Station in Boston and be part of the conversation with scaling experts.

And now is the best time to register to attend. For a limited time, we’re dropping Investor Passes to just $250 and Founder Passes to just $155, both more than 60% off their regular price. And those discounts deepen when you register for a group of four or more. Act now before the cost of access to founders and VCs from Boston and beyond jumps back up!

About the breakout session

Jahanvi Sardana

Adding even more value to this already-packed agenda, we’re excited to announce that Jahanvi Sardana, partner at Index Ventures, has joined the breakout session lineup. Sardana will dive into the critical elements of assessing total addressable market (TAM), revealing how the best startups don’t just size markets — they create them.

Using case studies from high-growth companies such as Datadog, Adyen, Wiz, Shopify, and Airbnb, she will explore how these businesses identified emerging trends, eliminated friction, and expanded their TAM beyond initial projections. This session is essential for founders aiming to build companies that will shape the future of their industries.

This is your opportunity to get direct answers from Jahanvi on scaling challenges and learn what it truly takes to propel your business forward.

Meet Jahanvi Sardana

As a B2B investor, Jahanvi Sardana specializes in cybersecurity, enterprise software, and fintech, investing across seed to pre-IPO stages. She thrives on partnering with founders who embody grit — the secret ingredient that sets high performers apart. It’s the perfect mix of passion, persistence, and stamina that turns visionary ideas into reality.

Prior to Index Ventures, Jahanvi was at Stripes, a growth equity firm in New York, where she focused on cybersecurity, fintech, and SaaS investments. Her career began in private equity at Aquiline Capital Partners.

Unlock must-know strategies for startup success

Don’t miss this session at TechCrunch All Stage — plus more led by industry leaders like Charles Hudson, founder and managing partner at Precursor Ventures; Brandon Krieg, co-CEO and co-founder at Stash; and many others. This is your opportunity to ask scaling questions, build game-changing connections, and, for VCs, discover the next big investment. Register now and save more than $400 on an Investor Pass and $300 on a Founder Pass!


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Fidelity Investments exhibiting at TechCrunch Early Stage 2024 at SoWa Power Station in Boston.Image Credits:Halo Creative

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Alabama lands Ezavier Crowell, the No. 3 RB in 2026 class

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Alabama secured its highest-ranked commitment in the 2026 class Thursday when four-star rusher Ezavier Crowell, ESPN’s No. 3 running back prospect and No. 2 recruit from the state of Alabama, announced his pledge to the Crimson Tide.

Crowell, No. 31 in the 2026 ESPN 300, is part of a talented core of elite prospects at reigning 4A state champion Jackson (Alabama) High School and has been a priority in-state target for the Crimson Tide and coach Kalen DeBoer this spring. He chose Alabama over Auburn, Florida State, Georgia and Texas following official visits with each program over the past month.

Crowell lands as the top-ranked pledge among five ESPN 300 prospects committed to the Crimson Tide in 2026. He follows four-star offensive tackle Sam Utu (No. 78 overall) as Alabama’s second blue-chip addition since June 1. Altogether, the Crimson Tide have now collected six commitments in June, including a trio of recent flips between four-star quarterback Jett Thomalla (Iowa State), running back Javari Barnett (Illinois) and cornerback Rihyael Kelley (Rutgers).

A quick, 5-foot-11, 210-pound rusher, Crowell immediately cemented himself as one of the cycle’s top running back prospects when he reclassified from the 2027 class in January on the heels of two highly productive seasons in the backfield at Jackson High School.

Crowell broke through for 1,737 and 25 rushing scores during his freshman season in 2023. His production climbed in his sophomore campaign in 2024 when he carried 168 times for 1,964 yards and 31 touchdowns. Playing alongside four-star wide receiver Keeyun Chapman (No. 68 overall) and No. 6 dual-threat quarterback Landon Duckworth (No. 178), Crowell was central in helping guide Jackson to a 14-1 finish and its first state title since 2011 last fall.

After signing the nation’s No. 4 class in DeBoer’s first cycle with the program in 2025, Alabama is seeking to continue its momentum on the recruiting trail this summer, and Crowell leads a collection of elite 2026 prospects the Crimson Tide will be targeting heavily in the coming weeks.

Alabama hosted the in-state duo of outside linebacker Anthony Jones (No. 27 overall) and wide receiver Cederian Morgan (No. 47) on the same weekend as Crowell earlier this month. Morgan, ESPN’s sixth-ranked pass catcher in 2026, is set to announce his commitment July 5th. Five-star safety Jireh Edwards, expected to announce his decision between Alabama, Florida, Oregon and Texas A&M on July 5, is another priority recruit for the Crimson Tide.