Key News
1. US retail sales unexpectedly declined month-on-month, reducing the probability of the Federal Reserve raising interest rates more than once before mid-2027.
2. The White House announced tariffs on imported drones and components.
Stock News
1. SpaceX (SPCX.O) announced its merger with Cursor, effective August 14.
2. Reddit (RDDT.N) rose 11% pre-market; the company will be included in the S&P 500 index.
3. Apple (AAPL.O) is reportedly moving beyond simply leveraging existing resources, partnering with Alibaba to train a large-scale model specifically for the Chinese market.
4. LG will release its next-generation humanoid robot based on NVIDIA's (NVDA.O) ISAAC GR00T platform.
5. Pony.ai (PONY.O) and Uber (UBER.N) expanded their partnership, planning to deploy over 2,000 Robotaxis in five European cities.
6. SanDisk (SNDK.O) shares rose over 6% in pre-market trading after the company announced plans to leverage long-term contracts to drive storage demand toward sustainable growth.
7. Lam Research (LRCX.O), a wafer fabrication equipment supplier, announced plans to invest $3 billion over the next five years in its R&D lab network.
