LAUSANNE, Switzerland (AP) — Bonjour to the Winter Olympics synchronized figure skating and freeride skiing and snowboard.
Au revoir Nordic combined.
The 2030 French Alps Winter Games program agreed by the International Olympic Committee on Tuesday adds two new disciplines, reprieves snowboard parallel giant slalom. and removes Nordic combined which is currently for only men.
The IOC executive board had a gender parity option by adding women’s and team events, but instead cut completely a sport that has a 102-year Olympic history yet struggled to find a modern audience for its mix of ski jumping and cross-country skiing.
Synchronized skating is widely seen as a discipline only for women, and will join the Olympics in the nine-member Synchro9 format in 2030.
Synchro will be female only when it debuts at the 2028 Youth Winter Olympics in Italy, with a future decision left open to let men also compete in the French Alps.
Freeride takes skiers and snowboarders off traditional slopes to do jumps and turns on more natural terrain.
Snowboard PGS helped make an Olympic star of Czech two-time gold medalist Ester Ledecka and is retained for 2030, the IOC said. The discipline had been at risk after its racing style fell out of favor compared to events with jumps and tricks.
AP Winter Olympics: https://apnews.com/hub/milan-cortina-2026-winter-olympics
FILE - Andrew Pollard from the U.S. competes during the men's ski event at the Verbier Xtreme Freeride World Tour , FWT, finals on the 'Bec des Rosses' mountain near Verbier, Switzerland, Tuesday, March 23, 2021. (Valentin Flauraud/Keystone via AP, File)
FILE - Members of the team Nova, of Canada, skate during the senior synchro skating short program at the Canadian figure skating championships Friday, Jan. 12, 2024, in Calgary, Alberta. (Jeff McIntosh/The Canadian Press via AP, File)
NEW YORK (AP) — The roller-coaster ride for AI stocks is snapping lower again Tuesday and weighing on Wall Street.
The S&P 500 fell 0.6% even though the majority of stocks within the index rose. The drops for stocks in the artificial-intelligence industry dragged the Nasdaq down 1.2%, as of 10:15 a.m. Eastern time, while the Dow Jones Industrial Average was down 107 points, or 0.2%.
The weakness began in Asia, where Samsung Electronics tumbled 6.9% in Seoul. The tech giant gave a preliminary look at its performance for the second quarter, and the numbers were strong. Samsung Electronics said it expects to say its operating profit surged roughly 1,800% from a year earlier.
Analysts called the numbers surprisingly good, but they still weren’t enough for investors after its stock came into the day having well more than doubled in the year so far.
On Wall Street, AI stocks have been under similar pressure in recent weeks on worries that their prices shot too high and that AI may not produce enough productivity and profits to make all the investments in chips and data centers worth it.
Micron Technology fell 7.8% and was the heaviest weight on the S&P 500. Nvidia sank 1.4% and was just behind Micron in influence. Because the AI boom has made it the largest stock on Wall Street by value, a 1.4% move for Nvidia has more effect on the S&P 500 than a similar move by any other company.
SpaceX, which owns the xAI business, fell 6% in its first trading after getting included in the Nasdaq 100 index.
Outside of tech, Vertex Pharmaceuticals fell 2.3% after saying it agreed to buy Crinetics Pharmaceuticals for $85 per share in cash. Crinetics, which develops therapeutics for endocrine diseases, soared 98.8%.
Stocks also generally felt pressure from a rise in oil prices after the British military said a tanker traveling in the Strait of Hormuz was struck by a projectile and caught fire.
Iranian state television said the liquefied natural gas tanker came under attack after ignoring warnings but did not directly claim the assault. That upset hopes that the war in Iran may be winding down and that the Strait of Hormuz may fully reopen to oil tankers bringing crude to customers worldwide from the Persian Gulf.
Brent crude, the international standard, rose 2.7% to $73.94.
Higher oil prices put upward pressure on inflation, and Treasury yields climbed higher in the bond market. The yield on the 10-year Treasury rose to 4.51% from 4.48%
High yields worldwide have been rattling investors after oil prices burst above $100 per barrel earlier in the summer because of the war. The worry is that high inflation may force the Federal Reserve and other central banks to hike interest rates. High rates can keep a lid on inflation, but they also slow the economy and hurt prices for all kinds of investments.
In stock markets abroad, South Korea’s Kospi tumbled 4.9% because Samsung Electronics alone makes up more than a quarter of the index.
Other Asian indexes also fell, including a 2.1% drop for Japan’s Nikkei 225 index, while European indexes were mixed.
AP Business Writers Matt Ott and Elaine Kurtenbach contributed to this report.
Michael Pistillo, left, and Federico DeMarco work on the floor at the New York Stock Exchange in New York, Monday, July 6, 2026. (AP Photo/Seth Wenig)
Michael Pistillo works on the floor at the New York Stock Exchange in New York, Monday, July 6, 2026. (AP Photo/Seth Wenig)
After ringing the opening bell from the White House, United States President Donald Trump is seen on a screen on the floor of the New York Stock Exchange, in New York, Monday, July 6, 2026. (AP Photo/Seth Wenig)
Traders work on the floor at the New York Stock Exchange in New York, Monday, July 6, 2026. (AP Photo/Seth Wenig)
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, July 7, 2026. (AP Photo/Ahn Young-joon)
Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, July 7, 2026. (AP Photo/Ahn Young-joon)
