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Fox Corp. will launch its direct-to-consumer streaming service, Fox One, on Aug. 21, ahead of the NFL season, the company said Tuesday.The new streaming service will cost $19.99 per month, and pay TV subscribers will receive access for free, said CEO Lachlan Murdoch during the company’s earnings call.Fox One will host the entirety of the Fox TV portfolio — namely, live sports such as NFL and MLB that appear on its broadcast network, as well as news programming from its Fox News and Fox Business cable TV networks.Fox airs NFL games on Sundays during the regular season, which kicks off…

President Donald Trump said Tuesday that the two largest American banks previously rejected him as a customer, reviving claims that conservative clients were being unfairly denied accounts.Trump told CNBC’s “Squawk Box” in a wide-ranging interview that JPMorgan Chase informed him he had 20 days to move “hundreds of millions of dollars in cash” to another bank. He didn’t say when this happened.The president said he then approached Bank of America to “deposit a billion dollars-plus” and was told the bank couldn’t provide him an account, Trump said.”[Bank of America CEO Brian Moynihan] said, ‘We can’t do it,'” Trump said. “So…

U.S. President Donald Trump talks to members of the press at Lehigh Valley International Airport in Allentown, Pennsylvania, U.S., August 3, 2025.Ken Cedeno | ReutersPresident Donald Trump told CNBC’s “Squawk Box” on Tuesday that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach up to 250%, the highest rate he has threatened so far.He said he will initially impose a “small tariff” on pharmaceuticals, but then in a year to a year and a half “maximum,” he will raise that rate to 150% and then 250%.The president has repeatedly threatened and then changed course on tariff proposals, so…

A sample of Alaska Airlines’ new livery for its Boeing 787-9 Dreamliners.Source: Alaska Airlines:Alaska Airlines is starting flights from Seattle to London and Reykjavik, Iceland, next May, adding to its global expansion following its acquisition of Hawaiian Airlines last year.Alaska plans to fly daily between Seattle and London’s Heathrow Airport on its Boeing 787-9 Dreamliners, in a bet on both business and leisure travel demand. Seattle-Reykjavik will be served by a 737 Max 8 as a spring and summer seasonal service, for the roughly seven-hour flight.The carrier in June announced it plans to start nonstops between Seattle and Rome next year. A few weeks later, rival Delta Air…

Piotr Swat | Lightrocket | Getty ImagesYum Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC reported U.S. same-store sales declines.Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.44 adjusted vs. $1.46 expectedRevenue: $1.93 billion vs. $1.94 billion expectedYum reported second-quarter net income of $374 million, or $1.33 per share, up from $367 million, or $1.28 per share, a year earlier.Excluding refranchising gains and other items, the company earned $1.44 per share.Net sales climbed 10% to…

Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. View Press | Corbis News | Getty ImagesPfizer on Tuesday hiked its full-year adjusted profit guidance on its cost cuts and strong business performance this year.The company also reported second-quarter results that topped Wall Street’s estimates for the period, as revenue from its Covid products and some other drugs jumped.Shares of Pfizer rose more than 2% in premarket trading on Tuesday.Pfizer now expects full-year adjusted profit to come in between $2.90 to $3.10, up from a previous guidance of $2.80 to $3 per share. The…