North America:

  • Microsoft is experiencing disagreements with OpenAI over an AGI contract clause and faces a lawsuit from authors over AI model training.
  • Micron Technology saw a surge in shares due to robust Q3 financial results driven by AI memory chip demand.
  • Meta expanded its superintelligence team by hiring OpenAI researchers and won a copyright lawsuit related to AI training.
  • Nvidia shares surged due to strong demand and optimistic predictions for AI-related chips.
  • FedEx shares dropped 6% due to a lowered profit forecast influenced by volatile demand and U.S. tariffs.
  • JPMorgan traders face challenges acquiring private credit loans due to a shortage of sellers.
  • J.P. Morgan Asset Management launched its largest active ETF.
  • Pfizer's experimental drug Hympavzi met primary objectives in a phase 3 study for hemophilia A or B.
  • Tesla's robotaxi testing in Texas encountered driving errors and raised safety concerns.
  • Brookfield Asset Management sold Aveo to The Living Company for $2.5 billion.

Europe:

  • Shell denies considering a takeover of BP despite reports of potential acquisition talks.
  • H&M's Q2 earnings surpassed expectations, leading to a rise in share prices and plans to adjust its US strategy.
  • Equinor and partners plan to invest approximately $2.1 billion in Norwegian oil and gas projects.
  • EnBW plans a capital increase of up to 3.1 billion euros to fund investment initiatives.
  • Mediobanca acquired EUR11 million of its own shares amidst Italian market activities.
  • Moonpig's CEO is set to depart amid forecasts of slower earnings growth through 2026.

Rest of the world

  • Biren Technology raised significant funding and plans for a Hong Kong IPO.
  • Maersk resumed accepting import cargo at Haifa port and is suing over a $1 billion Brazil port auction.
  • JSW Steel filed a review petition against the Supreme Court's decision on Bhushan Power.
  • Eli Lilly's weight-loss drug Mounjaro has been approved in India to compete with Novo Nordisk's Wegovy.
  • BHP is facing a UK contempt charge related to the Brazil dam collapse.