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Chevron Falls 1.9% as Trump Demands Oil Price Cuts After Windfall Profits
Trump criticises Chevron CEO Mike Wirth and demands oil price cuts after the company’s Q2 earnings soared 400% to $12 billion amid Iran conflict-driven crude prices.
Jeff Bezos Backs $2.6B AI Startup Tackling Chip Material Shortage
Jeff Bezos backs CuspAI’s $450M Series B round at $2.6B valuation. The AI startup partners with Nvidia and Meta to discover chip materials, tackling gallium and rare element shortages.
Japan’s Destroyer Ise Races to Kumamoto as Floating Aid Hub After July 28 Quake
Japan’s largest helicopter carrier Ise deployed to Kumamoto after July 28 earthquake, operating as a floating supply base with multiple helicopters delivering aid to disaster zone.
Super El Niño Cuts 2026 Atlantic Hurricane Forecast to 9 Storms on August 3
Super El Niño weakens 2026 Atlantic hurricane season forecast to 9 storms. Climate Impact Company cuts outlook as warm Pacific waters suppress tropical activity through fall.
UK State Pension Rises 4.3% to £12,548: What Retirees Need to Know
UK state pension to rise 4.3% to £12,548 annually under triple lock. Older pensioners gain £413 per year. Final figures released in September.
DeepSeek AI Launches Ultra-Low-Cost V4-Flash Model Ahead of Potential IPO
DeepSeek AI released the official version of its V4-Flash model on July 31, 2026, undercutting rivals on price by a wide margin. The Chinese startup’s new model costs over 100 times less to operate than Anthropic’s Claude Fable 5, according to research firm Artificial Analysis. The launch comes as DeepSeek AI reportedly prepares for a…
SpaceX Earnings Debut Puts Starlink Profitability and AI Spending in the Spotlight
SpaceX reports its first-ever quarterly earnings Tuesday, August 4, 2026. This marks the company’s debut since its record-breaking June IPO. Analysts expect SpaceX to post Q2 revenue near $6.82 billion. Starlink’s connectivity segment should generate roughly $3.82 billion of that total. Wall Street will scrutinize whether Starlink profits can fund SpaceX’s AI ambitions. The report…
AstraZeneca Reportedly Considers Mega Merger With US Drugmaker Bristol Myers Squibb
AstraZeneca is reportedly in early-stage merger talks with Bristol Myers Squibb, the Financial Times said Sunday. The combined company would be worth close to $400 billion. AstraZeneca shares fell sharply on the news Monday morning. The discussions have reportedly continued for several months, though no deal has been confirmed yet. AstraZeneca-Bristol Myers Merger Talks: Deal…
Prysmian Strikes $3.8 Billion Agreement to Buy U.S. Firm Atkore
On August 3, 2026, Italian cable maker Prysmian agreed to acquire U.S.-based electrical products company Atkore in a $3.8 billion cash deal. It is one of the largest industrial acquisitions announced this year. The agreement comes as investment in AI data centers, power grid upgrades, and electrification projects continues to grow. Prysmian plans to expand…