Abu Dhabi technology group G42 is considering introducing U.S. ownership to secure access to AI chip supply.

NHSA Deputy Director Li Tao said on Aug 4 at a State Council Information Office briefing that the agency will continue annual adjustments to the basic medical insurance drug list and aim to add more eligible innovative drugs for cancer, chronic, rare and pediatric diseases to reimbursement. He said the NHSA will also push to unify reimbursement lists for medical service items and medical consumables nationwide to further narrow regional policy differences.

Union Investment, one of Germany's largest asset managers, warned Volkswagen in a letter to the chairman that its credit rating could be downgraded to junk unless the automaker implements substantial cost cuts and improves profitability, the FT reports. The move escalates an internal standoff ahead of a crucial supervisory board meeting on Friday over CEO Oliver Blume's restructuring plan, which could eliminate up to 100,000 jobs in Germany and close as many as four plants. Management and the supervisory board are deadlocked; worker representatives and major shareholder Lower Saxony oppose the plan.