Today's top business headlines: - White House to delay decision on Huawei licenses - Uber reports its largest quarterly loss ever - Impossible Burger expands
The ride-sharing company said after markets closed Thursday that it lost $5.2 billion in the three months ending in June, its largest quarterly loss ever. The loss was fueled by $3.9 billion in stock-based compensation related to its public offering. But even without those charges, the company still lost about $1.3 billion, a roughly 50% increase from the previous year. Uber is making big investments in freight shipping and meal delivery.
It surged earlier in the week after the Wall Street Journal reported that the companies were close to a deal.3. Huawei's OS: China's Huawei has released its own operating system months after it was placed on a US blacklist that barred American firms from selling software to the company.
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