National Bureau of Statistics: Beijing newly built commercial residential prices in June -0.3% MoM (May -0.2%), -2.1% YoY (May -2.1%).

Lucid Group (LCID.O) shares plunged more than 50% intraday, triggering multiple trading halts after 1:00 p.m. ET; they fell as much as 57% to $2.37 and were about 15% lower near the close. The company denied a blog post saying it was pursuing a privatization transaction or seeking U.S. Chapter 11 protection, calling the report "completely untrue." Lucid said it has sufficient liquidity to fund operations into next year, has not formed a special committee to consider the scenarios in the blog, and that restructuring adviser AlixPartners is assisting with execution and operations and has not recommended bankruptcy.

Iran's foreign ministry condemned the UK government's decision under its domestic security law to designate the Islamic Revolutionary Guard Corps (IRGC) as a state-supported hostile threat, calling the move baseless, irresponsible and a violation of core principles of international law, including state sovereignty and non-interference. It accused Britain of a long history of interference and colonial policy, said the UK acted as an accomplice and direct participant in recent US–Israeli military aggression against Iran — a role it said the NATO secretary-general acknowledged — and said Britain therefore lacks moral authority to level such charges.