The Trump administration is expected to turn down requests from some U.S. solar manufacturers. The companies are seeking a faster timetable for introducing a new price floor and tariff on imported polysilicon products. A person familiar with the matter said the administration is likely to reject that acceleration. The final timing for the measures was not specified.

US trade policypolysiliconsolar manufacturing

No-frills airline EasyJet has agreed to be acquired by US firm Apollo in a deal worth £5.7bn. The agreement follows the withdrawal of a rival bidder, clearing the way for Apollo’s takeover.

EasyJetApollotakeover

Nintendo significantly exceeded its first-quarter earnings estimates for the fiscal year. Strong sales of its games helped drive operating profit to 142.5 billion yen, or about $902 million, between April 1 and June 30. The company also benefited from refunds tied to US tariffs. Those refunds boosted its results, but customers are unlikely to receive any of that money, leaving the benefit with Nintendo rather than its players.

Nintendoearningsgame salesUS tariffs

Nintendo has reported a sharp rise in quarterly profit, driven largely by a long-awaited refund linked to Donald Trump’s tariffs. The Japanese video game company said profit climbed 53.5% to ¥147.4bn in the three months through June. That result was well above expert forecasts of ¥77.8bn. The company nevertheless recorded a decline in overall sales.

NintendoTrump tariffsquarterly profit

Nintendo said its operating profit rose 150.5% to 142.6 billion yen in the April-June quarter. The Japanese games maker exceeded analyst estimates with the sharp increase. It attributed the result to brisk demand for software for the Switch 2. Refunds of U.S. tariffs also helped support the quarter’s profit.

NintendoearningsSwitch 2operating profit

DoorDash issued a profit forecast that exceeded analysts’ expectations. The company attributed the outlook to a surge in paying subscribers. These members typically place takeout and grocery orders more often than people without memberships. The increase in orders is helping support the delivery company’s stronger earnings expectations.

DoorDashprofit outlookorders

Block Inc. raised its full-year profit guidance on Wednesday. The company’s quarterly results exceeded expectations, supported by growth in both its Square and Cash App businesses. The stronger performance comes as Block’s revamp begins to take shape.

Blockprofit outlookSquareCash App

US President Donald Trump says progress has been made in dealings with Iran. He nevertheless warned that Iran would face a “hard hit” if no agreement is reached. The remarks combine an assertion that negotiations are advancing with a direct threat of consequences should a deal fail to materialise. Trump did not provide further details about the progress or the possible action in the statement.

Donald TrumpIrannegotiationsStrait of Hormuz

Biologists have warned in a new report that ships currently stranded in the Strait of Hormuz could create a worldwide ecological risk when shipping returns to normal. They say the vessels may carry invasive species to locations around the globe after movement through the waterway resumes. The warning focuses on the possible spread of non-native organisms linked to the ships’ prolonged stay and later departure.

Strait of Hormuzshippinginvasive species

US leader Donald Trump said the Strait of Hormuz would be opened again very soon. He described the discussions as very good, signalling confidence that an agreement could lead to the waterway’s reopening.

Donald TrumpStrait of HormuzIranpeace talks

Oil prices extended their decline for a third consecutive day as signs of progress raised optimism that an agreement could reopen the Strait of Hormuz. Such a deal could release supplies currently held up in the Persian Gulf. The market is focusing on whether negotiations can restore passage through the strategic waterway. The move follows two days of earlier losses.

oil pricesStrait of HormuzPersian Gulfenergy supply

The United States is preparing to announce an agreement with Iran and Oman concerning the Strait of Hormuz on Wednesday, Axios reports. The news portal says the deal could remain in effect for more than 60 days. No other terms of the proposed arrangement are described. The development concerns coordination among the three countries over the strait.

United StatesIranOmanStrait of Hormuz