OpenAI founder Altman said he hopes the U.S. prevails in open-source AI and also in proprietary AI models.

Domestic News: 1. Two departments clarify individual income tax matters related to offshore trusts. 2. Fang Xinghai, former vice chairman of the China Securities Regulatory Commission (CSRC), is under investigation. 3. Ministry of Commerce: 14 EU entities added to export control list. 4. Ministry of Agriculture and Rural Affairs: Comprehensive regulation of pig production capacity shows initial results. 5. Supreme People's Court and Supreme People's Procuratorate amend judicial interpretation: Increased efforts to punish insider trading and insider information disclosure crimes. 6. Equipment Industry Department of the Ministry of Industry and Information Technology conducts supervision and inspection of GAC Aion and XPeng. 7. National box office revenue for commercial performances exceeded 30.4 billion yuan in the first half of the year. 8. Cyberspace Administration of China and Ministry of Public Security jointly release the "Regulations on Simplified Measures for the Protection of Personal Information of Small Personal Information Processors". 9. CSRC approves registration of hot-rolled coil and stainless steel options. 10. People's Bank of China publicly solicits opinions on the "Administrative Measures for Category II Business of Stored Value Account Operation (Draft for Comment)": Prepaid card issuance and acceptance will be classified as Category II business of stored value account operation. International News: 1. 25 US tech giants jointly signed an open letter supporting open-weighted AI models. 2. Iranian Foreign Minister: Any source of an attack on Iran will be a legitimate target for defensive operations. 3. Iraq denies a New York Times report that it mediated a ceasefire between the US and Iran, calling it "baseless." 4. US officials deny Iran rejected a ceasefire proposal. 5. Houthi rebels: The Bab el-Mandeb Strait is not closed; maritime measures are only aimed at Saudi Arabia. 6. Netanyahu will visit the US on the 27th and meet with Trump on the 28th. 7. It is reported that Pakistan is exploring ways to restart US-Iran negotiations.

Interfax: Russia said it struck facilities at Ukraine's Odesa and Pivdennyi ports.