Teva shares slide after drug trial discontinuation

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• ITC shares to be in focus on Tuesday as Q2 net profit drops 18.5% on higher cigarette taxes

  Operating profit for the conglomerate's core tobacco business dropped over 27% as heightened excise duties impacted legal cigarette volumes and increased illicit market risks. The earnings slump underscores broader commodity inflation headwinds from inputs like sugar and palm oil, which have already eroded ₹1.72 lakh crore from the company's valuation.

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• Activist investor Oasis cuts its slate of director nominees at Vail in half

  The activist investor Oasis has scaled back its planned boardroom challenge at Vail. By trimming the number of proposed board candidates, the firm is adjusting its direct pressure on the company's governance. This strategic change shifts the scope of the proxy contest facing the existing corporate leadership.

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• Fanatics takes bigger NHL design role with all-32 team Hometown Remix jerseys

  The initiative establishes a broader creative footprint for the sports merchandise company following its takeover of the league's official on-ice uniform rights from Adidas. By creating local culture-focused uniforms for every franchise, the collaboration tests new consumer demand and aesthetic branding across professional hockey. League officials anticipate the financial return will match high-profile special events, creating opportunities for these concepts to become permanent alternate gear.

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