Axios reports the US Federal Trade Commission has been urged to investigate AI companies' destruction of books.

Online platform data show China's 2026 summer film box office, including presales, has exceeded 11.0 bln yuan to date.

Morgan Stanley cut its price target for Pop Mart (09992.HK) to HK$203 from HK$214 and kept an Overweight rating. The bank estimates 2Q sales fell about 10% YoY, below expectations, while core operating margin outperformed forecasts; China margins improved and overseas cost structure showed greater flexibility. A RMB 720m FX loss in 1H, driven by foreign‑currency positions and RMB appreciation, was the main reason for the earnings shortfall; the company plans to begin hedging FX exposure and diversify its currency mix. Management announced a RMB 2–5 bln share buyback (c.15–38m shares, ~1–3% of capital), which Morgan Stanley says could support the share price. Morgan Stanley cut 2026–28 EPS forecasts by 7%, 5% and 7% respectively.