{"id":65617,"date":"2026-07-29T12:38:18","date_gmt":"2026-07-29T16:38:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/loreal-beats-earnings-estimates-toyota-issues-airbag-recall\/65617\/"},"modified":"2026-07-29T12:38:18","modified_gmt":"2026-07-29T16:38:18","slug":"loreal-beats-earnings-estimates-toyota-issues-airbag-recall","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/loreal-beats-earnings-estimates-toyota-issues-airbag-recall\/65617\/","title":{"rendered":"L&#8217;Or\u00e9al Beats Earnings Estimates; Toyota Issues Airbag Recall"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>L&#39;Or\u00e9al (<a href=\"\/stock\/OR\">OR<\/a>) reported a H1 operating profit of \u20ac5.06 billion<\/strong>, slightly exceeding analyst estimates of <strong>\u20ac5.03 billion<\/strong>, driven by a <strong>6.3% rise in adjusted like-for-like revenue<\/strong>.<\/li>\n<li><strong>Toyota (<a href=\"\/stock\/TM\">TM<\/a>) is recalling approximately 4,100 service parts<\/strong> for curtain shield airbags (CSA) produced between <strong>December 2021 and December 2025<\/strong> due to manufacturing defects.<\/li>\n<li><strong>Lufthansa (<a href=\"\/stock\/LHA\">LHA<\/a>) and Air France-KLM (<a href=\"\/stock\/AF\">AF<\/a>) have submitted binding bids<\/strong> for a minority stake (up to 49.9%) in state-owned carrier <strong>TAP Air Portugal<\/strong>.<\/li>\n<li><strong>Millennium Management<\/strong> is reportedly aiming to raise a record <strong>$20 billion in new capital<\/strong>, leveraging a flexible &quot;callable&quot; commitment model to expand its <strong>$89 billion<\/strong> asset base.<\/li>\n<li><strong>U.S. Republicans are weighing another debt limit increase<\/strong> ahead of the November midterms, as Senate Majority Leader <strong>John Thune<\/strong> navigates internal party math for a <strong>$95 billion<\/strong> budget framework.<\/li>\n<\/ul>\n<h2>L&#39;Or\u00e9al Outperforms Amid Regional Divergence<\/h2>\n<p>L&#39;Or\u00e9al (<a href=\"\/stock\/OR\">OR<\/a>) delivered a robust first-half performance for 2026, with overall <strong>like-for-like sales rising 6%<\/strong>. The company&#39;s <strong>Dermatological Beauty<\/strong> division was the standout performer, posting an <strong>11.9% jump in sales<\/strong>, while <strong>Consumer Products<\/strong> saw a more modest <strong>2.4% increase<\/strong>.<\/p>\n<p>Geographically, the beauty giant saw <strong>North American adjusted revenue grow by 5.9%<\/strong>, beating the <strong>5.74% estimate<\/strong>. However, <strong>North Asia revenue rose 4.5%<\/strong>, missing the <strong>5.28% analyst target<\/strong>, as the region continues a gradual recovery. Total sales in the <strong>Eurozone reached \u20ac11.62 billion<\/strong>, surpassing expectations of <strong>\u20ac11.47 billion<\/strong>.<\/p>\n<h2>Toyota Recalls Critical Airbag Service Parts<\/h2>\n<p>Toyota (<a href=\"\/stock\/TM\">TM<\/a>) has issued a safety recall for <strong>curtain shield airbag (CSA) service parts<\/strong> affecting roughly <strong>4,100 units<\/strong> in the U.S. market. The affected parts were manufactured between <strong>December 2021 and December 2025<\/strong> and were sold as replacements for <strong>2014\u20132021 Tundra<\/strong> and <strong>2016\u20132023 Tacoma<\/strong> models.<\/p>\n<p>The company warned that these airbags may not have been manufactured properly and could fail to deploy as intended during a collision. Toyota (<a href=\"\/stock\/TM\">TM<\/a>) plans to notify owners by <strong>late September 2026<\/strong>, and dealers will inspect and replace the assemblies at no cost to the consumer.<\/p>\n<h2>Global Aviation and Finance Developments<\/h2>\n<p>The privatization of <strong>TAP Air Portugal<\/strong> has reached a critical phase as <strong>Lufthansa (<a href=\"\/stock\/LHA\">LHA<\/a>)<\/strong> and <strong>Air France-KLM (<a href=\"\/stock\/AF\">AF<\/a>)<\/strong> submitted binding offers for a minority stake. The Portuguese government is looking to sell up to <strong>49.9%<\/strong> of the airline, with the bidders aiming to secure strategic routes to <strong>South America and Africa<\/strong>.<\/p>\n<p>In the hedge fund space, <strong>Millennium Management<\/strong> is seeking to raise <strong>$20 billion<\/strong>, a move that would solidify its position among the world&#39;s largest multi-strategy firms. This follows a strong June performance where the firm recorded a <strong>4.1% return<\/strong>, bringing its <strong>year-to-date gain to 10.5%<\/strong>.<\/p>\n<h2>Geopolitical and Domestic Policy Shifts<\/h2>\n<p>Israeli Prime Minister <strong>Benjamin Netanyahu<\/strong> met with President <strong>Donald Trump<\/strong> at the White House on July 28 to discuss the ongoing conflict with <strong>Iran<\/strong>. The meeting included high-ranking U.S. officials such as Vice President <strong>JD Vance<\/strong> and Secretary of State <strong>Marco Rubio<\/strong>, focusing on regional security and the <strong>Abraham Accords<\/strong>.<\/p>\n<p>Simultaneously, the U.S. is reportedly in talks to send <strong>Cuban deportees to Uruguay<\/strong>. This emerging policy, reported by the <em>New York Times<\/em>, suggests a shift toward third-country resettlement for Cuban nationals who cannot be returned to their home country.<\/p>\n<p>In technology, <strong>Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>)<\/strong> has introduced <strong>Lyria 3.5<\/strong>, its latest AI model for high-fidelity music creation. The new model allows for tracks up to <strong>three minutes long<\/strong> and features advanced watermarking through <strong>SynthID<\/strong> to ensure ethical AI deployment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways L&#39;Or\u00e9al (OR) reported a H1 operating profit of \u20ac5.06 billion, slightly exceeding analyst estimates of \u20ac5.03 billion, driven 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