Verizon (VZ.N) CEO said SpaceX (SPCX.O) would need at least four to six years and several hundred billion dollars to build a mobile network.

Caustic soda 2701 futures weakened sharply intraday, extending losses to 3.80% as the contract slid to 1,494 yuan/ton, a fresh record low. Turnover was about 3.726 billion yuan. Open interest rose roughly 12,000 lots intraday, reflecting a marked change in positions.

Brazil's 2026 presidential runoff began at 08:00 BRT on the 25th. The Supreme Federal Court ruled to extend poll closing from 17:00 to 19:00 BRT (04:00–06:00 Beijing time on the 26th; 20:00–22:00 UTC) to address widespread public-transport stoppages and heavy rain that disrupted voting. Vote-counting is expected within hours after polls close. In the first round on the 4th, Liberal Party candidate Flavio Bolsonaro won about 47% of valid votes and led incumbent President Luiz Inácio Lula da Silva of the Workers' Party by roughly 2 percentage points; recent polls show the contest remains tight.