H&M opened its first store at Paseo La Galería in Asunción, with a second branch at Distrito Perseverancia.
Novartis has paused eight clinical trials for experimental CAR-T therapies targeting autoimmune and neurological diseases following the deaths of three patients from severe immune reactions. The company is investigating the cases alongside safety boards and regulators. Bristol-Myers Squibb has paused similar studies as a precaution.
Swiss lawmakers proposed UBS back foreign units with 50% CET1 and 50% cheaper AT1 capital, rejecting the government's stricter 100% core capital demand.
John Ternus replaces Tim Cook as Apple CEO, aiming to revive Steve Jobs's innovative spark as the firm prepares to reveal a folding iPhone Ultra and push into AI.
The Trump administration made a 100-year deal allowing a private company, North American Blue Energy Partners, to drill for oil in 17 Venezuelan fields. In return, the U.S. government gets a 35% stake in the business and can buy 20% of the oil at base cost. Officials say this move will help the U.S. avoid Middle Eastern oil shortages and
Universal Studios Japan plans to expand its Osaka park by 10%, eyeing a 60,000-sq-meter lot to add capacity amid booming inbound tourism.
Walmart Opioid Settlement Walmart will pay $50M to settle a US opioid lawsuit without admitting liability, escaping potential billions in fines.
A tentative union deal will pump C$1.1 billion into GM's Ontario factories, adding GMC truck production amid threats of 50% US tariffs.
Proposed 50% US tariffs on Canadian cars could hit Toyota and Honda hardest, risking assembly shutdowns as both rely heavily on Canadian exports to the US.
US Treasury Secretary Scott Bessent called recent yen moves, seeing no disorderly slides despite the currency dipping past 160 per dollar.
The US reportedly plans to take a 35% stake in Alejandro Betancourt's oil venture, though the Pentagon denies acquiring equity in private firms.
Nvidia warned surging memory prices will squeeze margins but vowed to pay more and doubled supplier commitments to $279B, lifting Micron and peers.
Billionaire Stanley Druckenmiller used AI tools like ChatGPT and Claude to draft his WSJ piece criticizing US Treasury bond buybacks, defending it as his own ideas.
Billions poured into BTC ETFs last week, pushing prices near $81k. A weak U.S. dollar and positive regulatory news fueled the rally.
CRM stock jumped 12% after beating Q2 earnings. Strong AI sales and a $2.6B Anthropic gain led it to raise full-year guidance.
The ECB plans to raise its key rate to 2.50% in September to fight energy-driven inflation, though an extended tightening cycle remains unlikely.
SpaceX revealed a $100B plan for "Starbase, Louisiana," aiming to build Earth's largest spaceport by 2029 with over a dozen towers for daily Starship launches.
Boeing won a $131B F-15 sustainment contract as the Ministry of War ramps up defense spending.
US crude stocks rose by 4.2M barrels, while the Strategic Petroleum Reserve fell to 289.7M barrels, nearing its operational minimum.
Tesla has increased US Cybertruck prices by $5,000, bringing the Dual Motor to $74,990 and the Premium AWD model to $84,990.
Germany's major automobile club, ADAC, is ending its 20-year fuel discount partnership with Shell on December 31, 2026. Taking Shell's place, Esso Deutschland will step in as the new core partner starting September 1, 2026. The transition introduces an initial promotional discount of 2 cents per liter at Esso filling stations through October 15, 2026, after which the benefit will
Japanese merchants are leaving Rakuten's online marketplace to protest its reported defense partnership with German drone start-up Helsing.
Donald Trump threatened 50% tariffs on Canadian vehicles and parts by Jan 2027 after talks broke down, risking major disruptions to auto supply chains.
Stanley Druckenmiller warned enlarged US Treasury buybacks harm market credibility, arguing deficit cuts not price intervention are needed to lower yields.