Sony’s PlayStation 4 Sales Help Keep Profit Target Within Reach

Wall Street used to be crowded with cheerleaders for Tesla Motors Inc., but they are getting harder to find.

Henkel Hopes to Clean Up in U.S. With Sun Products Buy
Germany’s Henkel is to buy Sun Products of the U.S. in a $3.5 billion deal to bolster its share of the market for laundry-care products and fabric-conditioners in North America.

Nike Drops Lawsuit Against Olympic Hopeful Boris Berian
The sportswear maker said it wanted to eliminate the distraction of the lawsuit on the eve of the Olympic Trials, where Mr. Berian is a favorite to earn a berth on the U.S. track team.

‘Brexit’ Expected to Rattle U.S. Economy, Shake Its Influence
Britain’s exit from the European Union is expected to jolt the U.S. economy, likely rattling restive equity markets and driving up the value of the dollar. It could also weaken U.S. diplomatic leverage in Europe and upend the corporate strategies of U.S. companies based in London.

U.S. Pushes Firms Into Iran
The White House is pushing to ease the way for companies to complete deals with Iran, aiming to cement the nuclear agreement reached last year and make it difficult for future administrations to undo it, senior U.S. officials said.

Argentina Strikes Deal on GMO Seeds
Argentina’s government resolved a dispute over genetically modified seeds that will permit biotech companies like Monsanto to collect royalties on crop genes.

GE Bullish on Data for Big Industry
General Electric Co. will plow $1.4 billion into its fast-growing software business this year, as the maker of jet engines and power plants races to dominate the market for digital tools to control major industrial operations.