Nike slips post-earnings 👟, Anthropic's AI drug push 💊, Trump scores $1.2B in crypto 🤑

President Trump considered resuming large-scale military strikes against Iran but decided to continue diplomatic negotiations, delaying any military action to avoid derailing discussions on Iran's nuclear program. Despite recent hostilities, Trump supports negotiations beyond the current deadline and is open to limited retaliatory strikes if necessary.

Indiatimes · 3 minute read

The US Department of Commerce has lifted export restrictions on Anthropic's AI models, Claude Fable 5 and Mythos 5, after Anthropic addressed security risks and agreed to collaborate on future releases. These models had been banned since 12 June over concerns they could be exploited by hackers.

BBC · 2 minute read

Anthropic announced its initiation of an internal drug discovery program aimed at developing AI tools for drugmakers, with a focus on treatments for neglected diseases. The move is part of their effort to integrate deeper into the healthcare market, positioning themselves alongside other tech giants in the industry.

CNBC · 2 minute read

Nike's Q4 2026 earnings exceeded expectations despite facing weakened demand in key categories like Nike Sportswear and Jordan Streetwear, resulting in increased discounting and lower wholesale orders. Meanwhile, pre-tournament sales for the FIFA World Cup 2026 surged to 2.5 times the levels of 2022, while sales in Greater China fell 12% with a noted decline in footwear, apparel, and equipment sales.

Yahoo Finance · 3 minute read

President Donald Trump made almost $1.2 billion from his cryptocurrency businesses last year, with significant revenue from World Liberty Financial and CIC Digital LLC, despite the crypto assets depreciating in value post-sale. Additionally, Trump profited from selling branded merchandise and saw major growth in international real estate deals, while his overall net worth increased to $6 billion.

Apnews · 5 minute read

CIA Director John Ratcliffe announced plans to enhance the agency's focus on artificial intelligence and quantum computing, emphasizing their impact on geopolitics and the urgency of staying ahead of international rivals. Ratcliffe highlighted the CIA's recent technology acquisitions and organizational changes to speed up the adoption of cutting-edge technologies and reinforce partnerships with private companies.

Yahoo Finance · 3 minute read

The European Commission plans to implement a €3 customs tax on small parcels to reduce low-value imports from China that have been negatively impacting Europe's high streets and retailers. This initiative aims to address the quadrupling of parcel imports and promote fair competition by removing the 'de minimis' exemption that allowed purchases under €150 to be duty-free.

The Guardian · 3 minute read

NASA has awarded contracts totaling about $590 million to Astrobotic Technology Inc, Firefly Aerospace Inc, and Intuitive Machines Inc to send robotic landers to the moon, as part of efforts to establish a lunar base by the end of the decade. The agency's plans also include potentially sending a test version of its Mars rover to the moon, investing more than $20 billion over the next seven years in its initiative under the Artemis programme.

Straitstimes · 2 minute read

Shares of Shutterstock Inc. plunged about 30% in after-hours trading after Getty Images Holdings Inc. said it would cancel a planned merger due to a ruling from UK regulators.

Ndtvprofit · 3 minute read

The Kremlin confirmed Tuesday that Russia is in talks to import gasoline from abroad, an extraordinary step for one of the world's largest oil exporters, as Ukrainian drone strikes continue to disrupt the country.

Politico · 1 minute read

As the yen hits its weakest point against the dollar since 1986, deVere Group CEO Nigel Green warns that Japan's potential sustained intervention to support its currency could lead to the liquidation of US Treasury holdings, posing a risk to the global debt market.

Com · 3 minute read

The South Korean won has depreciated to its lowest level since 2009 as foreign investors continue to sell shares in the Kospi index for the eighth consecutive day.

Binance · 3 minute read

Bitcoin fell to $57,742 in Asia trading, marking its lowest level since September 2024, as expectations for higher US interest rates and uncertainties regarding the buying habits of corporate investor Strategy Inc. impacted market sentiment. The cryptocurrency has dropped over 50% from its peak above $126,000 last October, with investors pulling significant funds from US-listed Bitcoin ETFs, amid fears of tighter monetary policy from the Federal Reserve.

Yahoo Finance · 3 minute read

Over 140 companies, including Coinbase, Visa, and Mastercard, have collaborated to launch Open USD (OUSD), a stablecoin intended to create a shared digital payments infrastructure. This news impacted USDC issuer Circle’s stock price, which fell by 16% on the day, while Open USD, led by Open Standard and CEO Zach Abrams, promises to address industry fees and governance issues.

Yahoo Finance · 2 minute read

Guo Wengui, a Chinese businessman and former property tycoon, was sentenced to 30 years in a US prison for running a billion dollar scam, using funds from his supporters to finance a lavish lifestyle. He plans to appeal the conviction, maintaining his innocence, while his lawyer argues that the sentence is excessive.

BBC · 3 minute read

New York Life Investment Management has partnered with Centrifuge to offer its first tokenized product, the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, allowing eligible investors to access a high-yield corporate bond strategy via blockchain technology. The move is part of a broader trend among asset managers to explore tokenization for increased transparency and market access.

Yahoo Finance · 2 minute read