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Four Pork Industry Figures Charged in $10M Cash Smuggling Scheme, August 18
Four pork industry figures charged with fraud and money laundering in Operation Ragamuffin. Police seized $3M cash and allege $10M in hidden sales and $30M in transported funds.
SK Hynix Becomes Kioxia’s De Facto Top Shareholder as Toshiba Exits
SK Hynix becomes Kioxia’s de facto top shareholder as Toshiba reduces its stake to 14.06% through seven stock sales. The Korean chipmaker holds convertible bonds that could grant it voting control.
Boeing (NYSE: BA) Stock Gains 8.24% in 30 Days After 737-7 Approval, but Valuation Signals 44.8% Overvaluation
Boeing (NYSE: BA) stock has gained 8.24% over the past 30 days as investors respond to improving conditions in the company’s commercial aircraft business. A major catalyst came on August 3, 2026, when the U.S. Federal Aviation Administration certified Boeing’s long-delayed 737-7 for commercial service. The approval supports Boeing’s recovery story, but a reported 44.8%…
AstraZeneca (LON: AZN) Halts Phase 3 Lung Cancer Trial After Volrustomig Fails to Show Survival Benefit
AstraZeneca has halted a late-stage trial of its lung cancer drug Volrustomig, marking a fresh pipeline setback. The FTSE 100 company said the drug, combined with chemotherapy, was unlikely to improve survival rates. An Independent Data Monitoring Committee recommended stopping the Phase 3 trial after a planned review. This marks AstraZeneca’s second major trial halt…
Hindustan Copper (NSE: HINDCOPPER) Shares Surge 7.36% to ₹568 as Global Copper Prices Rebound
Hindustan Copper shares surged 7.36% to ₹568 on Monday, August 17, 2026, tracking a global copper rally. The stock climbed from Friday’s close of ₹528.85, touching an intraday high of ₹574.90. COMEX copper futures rose 1.72% to $6.72 per pound, while LME spot prices pushed toward record levels. Supply tightness across major exchanges is now…
Ukraine’s $48,000 MICH 2000 Drone Destroyed Russian Tu-95 Bomber on August 16
Ukraine’s MICH 2000 drone, reverse-engineered from Chinese aircraft and costing $48,000, destroyed a Russian Tu-95 bomber. The 2,000 km range drone was built after Ukrainian teams photographed a Chinese factory in 2023.
Lee Kuan Yew’s Montblanc Pen Sells for S$461,500 at Singapore Auction, August 17
Lee Kuan Yew’s engraved Montblanc fountain pen sold for S$461,500 at Hotlotz auction on August 16, nearly 10 times its S$30,000-S$50,000 estimate, after 111 bids from around the world.
Dhoot Transmission (NSE: DHOT) Shares Jump 38% on India Debut, Valuation Hits $2.5 Billion
Dhoot Transmission shares made a strong stock market debut on August 17, 2026, rising nearly 38% above the IPO issue price. The auto components maker listed at ₹1,200 on the NSE, compared with its ₹871 issue price. The ₹3,067-crore IPO also drew heavy demand, with subscriptions reaching 74.21 times. The sharp debut lifted the company’s…
Alibaba (NYSE: BABA) to Sell Lingxi Games to Trustar Capital in Deal Worth Over $2 Billion
Alibaba Group Holding Limited agreed on August 17, 2026, to sell its gaming arm, Lingxi Games, to Trustar Capital. The deal values the gaming unit at above $2 billion. Alibaba shares rose 1.25% to trade near $84.50 following the announcement. This transaction aligns with the tech giant’s strategy to shed non-core assets and focus on…