According to a filing submitted to the U.S. Securities and Exchange Commission, Bbrc International Private Limited is publicly urging shareholders of Victoria’s Secret & Co. to vote against the re-election of current board chair Donna James at the upcoming vote.

Elon Musk has promised that Starlink’s pricing in India will be affordable, initiating a price war with Jio, which is planning an IPO with a valuation of 106 billions USD.

Nvidia is in talks to increase its investment in or acquire Reflection AI, which has a pre-investment valuation of 25 billion USD. The acquisition may take the form of an acqui-hire to bypass regulatory scrutiny.

Once the world's hottest destination for AI-related trading, the South Korean stock market is now experiencing a sharp cooling. While the Kospi led global gains in the first half of the year, it has since dropped 22% in the second half, becoming the worst-performing major index globally. Foreign investors have withdrawn $131 billions so far this year, with trading volume plummeting 70% from its peak, and retail investors’ leveraged capital has also shrunk significantly. Samsung Electronics saw a nearly ninefold surge in quarterly profits, yet its stock price declined. Meanwhile, several institutions have shifted to increase their allocations to the Taiwan stock market.