Plus: Mercedes-Benz cuts its guidance after the German automaker’s second-quarter sales in China dropped 30%. And Johnson & Johnson agrees to pay $5.5 billion to settle claims its talc-based baby powder caused ovarian cancer. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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