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Apple's foldable iPhone debut on Wednesday puts immediate pressure on new CEO Ternus after a roughly $570 billion summer market-cap rally. Since Apple announced price increases on multiple products on June 25, the stock has gained about 15%—despite that session marking its worst trading day in over a year—with the rally driven mainly by enthusiasm for the new device lineup, especially the foldable model. Shares remain about 7% below the July 28 record high. Investors continue to view Apple as lagging on AI, a longer-term concern, but near-term stock performance will depend on consumer reception to the foldable iPhone, Apple’s ability to manage rising memory-chip costs, and Ternus’s early performance after succeeding Cook on Sept. 1. Morgan Stanley estimates a starting price of $2,300–$2,500, about 6.5 million unit shipments in the fiscal quarter ending December and roughly $14 billion of revenue—around 16% of expected iPhone revenue that quarter.

Dow is considering exiting its 35% stake in the roughly $20bln Sadara chemicals JV with ARAMCO, sources said, part of US companies reshaping portfolios amid a prolonged industry downturn. ARAMCO could buy Dow’s shares and raise its holding, and other strategic or financial bidders may compete; no final decision has been taken and Dow could decide not to sell. Sadara, founded in 2011, is an integrated chemicals complex with more than $20bln invested, 26 production units and over 3 mln tpa capacity. Dow has retained debt exposure to Sadara, including a guarantee on a $500m revolver; Sadara drew $80m from that facility in Q4 2025.