Intel said it will receive a $2 billion investment from Japan’s SoftBank, sending the chipmaker’s shares higher in after-hours trading. The infusion adds fresh capital as Intel pushes its AI and foundry roadmaps amid intensifying competition across the semiconductor stack.
Source: MarketWatch
SEC pushes XRP ETF decisions to October, keeping altcoin funds waiting
The U.S. SEC extended its review of several spot XRP ETF applications from CoinShares, 21Shares, Canary Capital and Grayscale, setting new deadlines in late October. The move follows similar postponements for other altcoin products, even as traders keep XRP near $3 and prediction markets raise approval odds later this year.
Source: Finance Magnates
Apple to expand India production for U.S.-bound iPhone 17 models
Apple is preparing to build a greater share of iPhone 17 devices in India for the U.S. market, Bloomberg reported. The shift advances Apple’s multi‑year supply-chain diversification away from China and deepens India’s role in high-end electronics manufacturing.
Source: Seeking Alpha
Novo Nordisk teams with GoodRx to offer $499/month Ozempic and Wegovy
Novo Nordisk partnered with GoodRx to price Ozempic and Wegovy at $499 per month for cash‑pay patients, escalating the GLP‑1 pricing battle. The move targets out‑of‑pocket consumers and could pressure rivals as manufacturers race to broaden access to weight‑loss and diabetes therapies.
Source: Seeking Alpha
BHP profit plunges on iron ore; sells Brazil copper assets for up to $465M
BHP reported a sharp drop in full‑year profit as weaker iron ore prices weighed on results, and announced the sale of Brazilian copper assets for up to $465 million. The update underscores commodity price sensitivity and ongoing portfolio reshaping among global miners.
Source: Seeking Alpha
Treasury seeks public input on tech to fight illicit finance in stablecoins
The U.S. Treasury issued a request for comment on technologies that can detect and combat illicit activity in digital assets, advancing implementation of the new federal stablecoin framework. The consultation, covering four tech categories, signals tighter compliance expectations for crypto market participants and service providers.
Source: American Banker
Figure Technology files for IPO as crypto firms crowd public markets
Blockchain lender Figure Technology Solutions filed to list on Nasdaq, reporting H1 revenue up 22% to $191M and a swing to profit. The float comes as more crypto‑adjacent companies—including exchanges and lenders—seek public listings, reflecting improved investor appetite and a maturing regulatory landscape.
Source: Finance Magnates
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