Arm Stock Falls After HSBC Downgrade, Citing Limited Near-Term AI Upside 
Apple Intelligence Cleared for China as Alibaba and Baidu AI Power iPhone Features 
ASML Raises 2026 Outlook as AI Chip Demand Lifts Q2 Earnings 
Sodexo Unveils Shift & Grow 2030 Strategy, Targets Over 5% Revenue Growth by Fiscal 2030 
Volkswagen Launches €28,000 ID. Cross EV as Europe’s Electric Vehicle Demand Accelerates 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
SEB Q2 Profit Rises on Strong Lending, Record Fee Income, Announces New Share Buyback 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
United Airlines Beats Q2 Earnings, Raises 2026 Profit Outlook Despite Higher Fuel Costs 
Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks 
Stripe, Advent Offer $53 Billion Deal to Acquire PayPal: Reuters 
BHP Q4 Iron Ore Output Rebounds as Copper Prices Boost Revenue 
Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States 
Eli Lilly Eyes AtaiBeckley Acquisition to Expand Psychedelic Mental Health Pipeline 
NY Times Challenges Trump Administration Subpoenas Over Air Force One Report 
xAI Sues Man for Allegedly Using Grok to Generate AI Child Abuse Deepfakes 
Taiwan Mangoes Head to Europe as Premium Fruit Exports Expand 
Japanese retail giant Seven & i Holdings is preparing to replace President Ryuichi Isaka with director Stephen Dacus, marking the company’s first foreign chief, according to Nikkei. Dacus, an outside director since 2022, has led the special committee reviewing a $47 billion takeover bid from Canada’s Alimentation Couche-Tard and a failed take-private deal by the company’s founding family.
While Seven & i has yet to confirm the leadership change, shares surged 4.6% following the report. The company’s founding Ito family had attempted a $58 billion management buyout, but the deal collapsed due to financing issues. Couche-Tard remains committed to negotiating a mutually beneficial agreement.
If the acquisition proceeds, it would be the largest takeover of a Japanese company. Despite Japan classifying Seven & i as "core" to national security, the finance ministry previously stated it wouldn’t obstruct a buyout.
Additionally, Seven & i is reportedly nearing a deal to sell non-core assets to Bain Capital, further reshaping its business strategy.
