Heard on the Street Monday Recap: Atlantic Divide
Tariff negotiations continued. The European Union is still striving for a deal, but a baseline U.S. tariff of 15% or more appears too high for EU negotiators. The bloc is readying retaliatory measures if that rate can't be lowered further in talks.
Verizon shares jumped. The telecommunications giant raised its annual earnings forecast, and its shares rallied 4%, leading the S&P.

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Stevanato Group to Report Second Quarter 2025 Financial Results on August 5, 2025
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Ian Baker-Finch will retire from golf coverage on CBS
FILE - Actor Bill Murray, center, jokes with announcer Ian Baker-Finch, right, on the 18th green about his shoes as D.A. Points, left, looks on during the trophy presentation of the AT&T Pebble Beach National Pro-Am golf tournament in Pebble Beach, Calif., Sunday, Feb. 13, 2011. (AP Photo/Eric Risberg, File) NEW YORK (AP) — Ian Baker-Finch is retiring after CBS ends its PGA Tour golf coverage next week after nearly 19 years of his friendly Australian voice contributing to the network's broadcast. Baker-Finch, best known for his British Open victory in 1991 among his 16 victories worldwide, joined CBS in 2007. He had worked the previous decade in golf announcing with ESPN and TNT. Advertisement 'Golf has been an enormous part of my life,' Baker-Finch, 64, said in a statement. 'I was fortunate to compete against the best players in the game and more recently work with the very best in television.' CBS ends its 2025 coverage of the PGA Tour next week at the Wyndham Championship. 'As a major champion during his successful playing career and over three decades in broadcasting, Ian Baker-Finch distinguished himself as one of the most respected and trusted voices in golf,' said David Berson, the president and CEO of CBS Sports. 'As he announces his retirement, we'll miss his passion, insight, warmth and steady presence on the air but know he will continue to make his mark across the world of golf.' ___ AP golf:
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THE WENDY'S COMPANY NAMES PETE SUERKEN PRESIDENT, U.S.
DUBLIN, Ohio, July 22, 2025 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) announced the appointment of Pete Suerken as President, U.S., effective today. He will report to interim Chief Executive Officer Ken Cook and serve on the Wendy's® Senior Leadership Team. Suerken will succeed Abigail Pringle, who has served as President, U.S. since 2024 and will depart the Company in the coming weeks to pursue other opportunities after a transition period with Suerken. PR NEWSWIRE (PRNewsfoto/The Wendy's Company) Suerken has served as President and CEO of Wendy's Quality Supply Chain Co-op ("QSCC"), the independent purchasing cooperative for the Wendy's system, since 2021. QSCC works closely with Company operators and franchisees, leading supply chain and distribution activities for Wendy's restaurants around the globe. He has a proven track record of transforming operations, building profitability and leading innovation, spanning more than two decades in the food, beverage and restaurant industries. Prior to joining QSCC, Pete served as president of Resin Technology Inc. (RTI), a leading packaging and materials provider. Prior to his time at RTI, Pete spent 13 years at Restaurant Supply Chain Solutions (RSCS), the co-op of Yum! Brands. "Delivering exceptional customer experiences, increasing restaurant-level profitability and accelerating growth are crucial priorities for our U.S. business," said interim Chief Executive Officer Ken Cook. "I am confident Pete will lead our business with operational excellence and intensity, helping us achieve our long-term strategic priorities to create value for our franchisees, employees, and shareholders." Cook continued, "I want to thank Abigail Pringle for her 23 years of commitment to our brand. She has helped strengthen our system and modernize our restaurants. Abigail has been a key leader of restaurant development at Wendy's, including our Image Activation journey and creation of the modern restaurant image for the brand. She transformed our International business and put a solid structure in place to optimize restaurant performance in the U.S. We are grateful for her many contributions to our company, employees and franchisees." "The opportunity to lead the U.S. business for this iconic brand is exciting and humbling," said Pete Suerken. "I have had the privilege to serve our franchisees and Company operators as CEO of QSCC for the past five years and now look forward to working with them as President, U.S. to drive profitable growth for our restaurants while continuing to build a high-performance culture and best-in-class customer experience."