The German carrier sees adjusted earnings before interest and taxes at above 500 million euros ($508.3 million) for the full year, which it said was in line with market expectations. The company reported an adjusted EBIT loss of EUR2.35 billion for 2021.


EV Maker Lucid Cuts Production Outlook in Half

Electric-vehicle maker Lucid Group Inc. said it expected to make half as many cars as previously forecast this year, citing supply-chain and logistical challenges that have troubled the wider auto industry as well as the company's own problems.

The California-based company on Wednesday slashed its 2022 production target for the second time this year. Lucid now projects making between 6,000 and 7,000 vehicles. It first lowered a previous estimate of 20,000 vehicles to between 12,000 and 14,000 in February.


China's Military Exercises Around Taiwan Put Major Shipping Lanes at Risk

China's plans for military exercises around Taiwan threaten to temporarily disrupt supply chains as shipping companies look to avoid the area, an important waterway for cargo.

Beijing is preparing live-fire military exercises from Thursday through Sunday in areas encircling Taiwan and in the Taiwan Strait. While the designated zones mainly lie in international waters, some of them are close to Taiwan's major ports.


China's Military Launches Live-Fire Exercises Around Taiwan

The Chinese military launched live-fire drills around Taiwan, coming unusually close to the self-governing island and causing delays for ships and air traffic to protest a visit by U.S. House Speaker Nancy Pelosi that Beijing says violated its sovereignty.

"The exercises have begun," China's navy said on its official social-media account shortly after noon local time Thursday.


Justice Department Subpoenas Top Trump White House Lawyers in Jan. 6 Probe

WASHINGTON-Two top lawyers who worked in the White House under former President Donald Trump have been subpoenaed to appear before a federal grand jury investigating the events leading up to the Jan. 6, 2021, attack on the Capitol, people familiar with the matter said, in the latest sign that the Justice Department's probe is entering a more aggressive phase.

Mr. Trump's White House counsel Pat Cipollone and his deputy Pat Philbin received subpoenas in recent days seeking documents and testimony, the people said.


DOJ Sues Trump Adviser Navarro Over Missing Emails

The Justice Department sued Peter Navarro on Wednesday, alleging the former White House official violated a record-keeping law by not preserving official emails he sent using a nonofficial email account.

In a civil complaint filed in federal court in Washington, Justice Department lawyers said Mr. Navarro, a trade adviser to President Donald Trump, created an email account with ProtonMail, a private service, and used it to conduct official government business while he was a White House employee.


U.S. Senate Ratifies Adding Finland and Sweden to NATO

The U.S. Senate overwhelmingly ratified the addition of Finland and Sweden as members of the North Atlantic Treaty Organization, a move leaders of both parties portrayed as key to American security around the world following Russia's invasion of Ukraine.

The resolution passed 95-1 after Senate Majority Leader Chuck Schumer (D., N.Y.) and Minority Leader Mitch McConnell (R., Ky.) urged lawmakers to support the measure.


Write to nihad.ahmed@wsj.com TODAY IN CANADA

Earnings:

AirBoss of America Corp 2Q

Bausch + Lomb Corp 2Q

BCE Inc. 2Q

Black Diamond Gp Ltd. 2Q

Bombardier Inc. 2Q

Bombardier Inc. 2Q

Canaccord Genuity Gp 1Q

Canadian Ntural Resrcs 2Q

Cascades Inc. 2Q

Chorus Aviation Inc. 2Q

Constellation Software 2Q

Doman Building Mtrls Gp 2Q

Enerplus Corp. 2Q

First Majestic Silver Corp. 2Q

Gildan Activewear Inc. 2Q

Home Capital Grp Inc. 2Q

IBI Grp Inc. 2Q

IGM Fincl Inc. 2Q

Interfor Corp. 2Q

Jamieson Wellness Inc. 2Q

Keyera Corp. 2Q

Labrador Iron Ore Royalty 2Q

Lightspeed Commerce 1Q

Maple Leaf Foods Inc. 2Q

New Gold Inc. 2Q

Open Text Corp. 4Q

Parkland Corp. 2Q

Pembina Pipeline Corp 2Q

Profound Medical Corp 2Q

Resolute Forest Pdcts. 2Q

Restaurant Brands Intl 2Q

Ritchie Bros. Auctioneers 2Q

Saputo Inc. 1Q

SNC-Lavalin Grp Inc. 2Q

Suncor Energy Inc. 2Q

Thinkific Labs Inc. 2Q

Thomson Reuters Corp 2Q

Trisura Grp Ltd. 2Q

Turquoise Hill Resources 2Q

Wajax Corp. 2Q

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Economic Indicators (ET):

0815 Jul Official International Reserves

0830 Jun Building permits

0830 Jun International merchandise trade

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Stocks to Watch:

Great Panther 2Q Rev $30.0M Vs. $39.0M; Great Panther 2Q Loss/Shr $0.26 Vs. Loss $0.24; Great Panther 2Q Loss/Shr $0.26 Vs. Loss $0.24; Great Panther 6-Mos Loss/Shr $0.46 Vs. Loss $0.29; Great Panther 6-Mos Rev $57.2M Vs. $79.6M; Great Panther: Inflationary Pressures, Acceleration of Capital Programs Affected 2Q; Great Panther: Will Need Further Financing to Meet Scheduled Debt Repayments, Fund Cap Investments & Exploration, Other Things; Great Panther: Will Be Considering Additional Equity and/or Debt Financing; Great Panther Continues to Expect Improvements in Coming Quarters as Production Normalizes in 2H; Great Panther: FY Production Expected Within Guidance Range; Great Panther Raises Cost Guidance Due to Inflation, Capex.

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Equinox Gold 2Q Loss/Shr $0.26 Vs. EPS $1.37; Equinox Gold 2Q Adj Loss/Shr $0.16; Equinox Gold 2Q Rev $224.6M Vs. $226.2M; Equinox Gold 6-Mos Loss/Shr $0.33 Vs. EPS $1.69; Equinox Gold 6-Mos Rev $447.8M Vs. $455.9M; Equinox Gold Expects Improved Performance in 2H on Increased Production, Lower Costs; Equinox Gold: On Track to Deliver Significant Growth Over Next Few Years; Equinox Gold CEO Christian Milau Leaving Company to Pursue Opportunity in Carbon-Finance Industry; Equinox Gold Board Has Unanimously Appointed Greg Smith as CEO; Equinox Gold: Company President Smith to Assume Role as CEO, Director on Sept. 1; Equinox Gold Lowers Consolidated Production Guidance for 2022; Equinox Now Expects Production at 550,000 Oz to 615,000 Oz of Gold Vs 625,000 Oz to 710,000 Oz Previously; Equinox Cites Disruptions at RDM, Ramp-Up Delay at Santa Luz, Inflation for Guidance Update.

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Information Services Corporation Declares Quarterly Cash Dividend of C$0.23 Per Class A Limited Voting Share; Information Services Corp 2Q Rev C$50.9M; Information Services Corp 2Q EPS C$0.36; Information Services Corp Sees 2022 Rev C$188.0M-$193.0M.

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Essential Energy Services 2Q Loss $1.58M; Essential Energy Services 2Q Rev C$28.6M; Essential Energy Services 2Q Loss/Shr C$0.01.

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Great-West Lifeco 2Q EPS C$0.79; Great-West Lifeco 2Q Net C$735M

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B2Gold 2Q EPS 4c; B2Gold 2Q Rev $382M.


Expected Major Events for Thursday

02:00/JPN: Jul Imported Vehicle Sales

06:00/GER: Jun Manufacturing orders

06:00/GER: Jun Manufacturing turnover

08:00/UK: Jul UK monthly car registrations figures

08:30/UK: Jul S&P Global / CIPS UK Construction PMI

11:00/UK: Bank of England Monetary Policy Report

11:00/UK: UK interest rate decision

11:30/US: Jul Challenger Job-Cut Report

12:15/CAN: Jul Official International Reserves

12:30/CAN: Jun Building permits

12:30/CAN: Jun International merchandise trade

12:30/US: Jun U.S. International Trade in Goods & Services

12:30/US: 07/30 Unemployment Insurance Weekly Claims Report - Initial Claims

12:30/US: U.S. Weekly Export Sales

13:00/RUS: Weekly International Reserves

14:30/US: 07/29 EIA Weekly Natural Gas Storage Report

16:00/US: Jul Monthly U.S. Retail Chain Store Sales Index

20:30/US: Federal Discount Window Borrowings

20:30/US: Foreign Central Bank Holdings

23:01/UK: Jul BRC-Sensormatic IQ Footfall Monitor

23:30/JPN: Jun Household Spending

23:50/JPN: Jul International Reserves / Foreign Currency

23:50/JPN: Jul Provisional Trade Statistics for 1st 20 days of Month

All times in GMT. Powered by Onclusive and Dow Jones.


Expected Earnings for Thursday

ATI Inc (ATI) is expected to report $0.29 for 2Q.

Agios Pharmaceuticals (AGIO) is expected to report $-1.69 for 2Q.

Armada Hoffler Properties (AHH) is expected to report for 2Q.

Axcella Health Inc (AXLA) is expected to report for 2Q.

CBRE Group (CBRE) is expected to report $1.34 for 2Q.

CONSOL Energy Inc (CEIX) is expected to report $2.70 for 2Q.

Cactus Inc (WHD) is expected to report $0.35 for 2Q.

Carter Bankshares Inc (CARE) is expected to report for 2Q.

Computer Task Group Inc (CTG) is expected to report $0.13 for 2Q.

ConocoPhillips (COP) is expected to report $3.91 for 2Q.

Corsair Gaming Inc (CRSR) is expected to report for 2Q.

Crocs Inc (CROX) is expected to report $2.53 for 2Q.

Deciphera Pharmaceuticals Inc (DCPH) is expected to report $-0.67 for 2Q.

Delek Logistics Partners (DKL) is expected to report $1.02 for 2Q.

Delek US Holdings Inc (DK) is expected to report $3.07 for 2Q.

Dun & Bradstreet Holdings Inc (DNB) is expected to report for 2Q.

Eli Lilly & Co (LLY) is expected to report $1.75 for 2Q.

Enovis Corp (ENOV) is expected to report for 2Q.

Evelo Biosciences Inc (EVLO) is expected to report $-0.51 for 2Q.

Fidelity National Information Services (FIS) is expected to report $0.55 for 2Q.

IDACORP Inc (IDA) is expected to report $1.30 for 2Q.

Intercontinental Exchange Inc (ICE) is expected to report $1.06 for 2Q.

KnowBe4 Inc (KNBE) is expected to report for 2Q.

Lantheus Holdings Inc (LNTH) is expected to report $0.70 for 2Q.

Myriad Genetics Inc (MYGN) is expected to report $-0.10 for 2Q.

National Energy Services Reunited Corp (NESR) is expected to report $0.11 for 1Q.

NetScout Systems (NTCT) is expected to report $-0.12 for 1Q.

Nikola Corp (NKLA) is expected to report for 2Q.

OneWater Marine Inc (ONEW) is expected to report for 3Q.

PNM Resources Inc (PNM) is expected to report $0.51 for 2Q.

Perficient (PRFT) is expected to report $0.74 for 2Q.

(MORE TO FOLLOW) Dow Jones Newswires

08-04-22 0610ET