Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe 
TSMC CoWoS Capacity Forecast Raised as Mizuho Sees AI Server CPU Demand Surging Through 2027 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
Momenta Launches Hong Kong IPO to Raise Up to $751 Million for AI and Robotaxi Expansion 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls 
Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs 
Apple Challenges India Antitrust Probe, Says CCI Copied Rivals’ Claims in App Store Case 
Fanatics Inc., an American online manufacturer and retailer of licensed sportswear, sports collectibles, trading cards, sports merchandise, and NFTs, is offering something new to its customers. The company announced the launch of the Fanatics Live standalone app that will allow people to shop while the items are on livestream.
The livestream shopping will feature trading cards and collectibles and for this new business, Fanatics hired an executive who previously worked for Snap and Alphabet. According to CNBC, Nick Bell led the Google Search team while with Alphabet and he was the global head of content and partnerships at Snap.
At Fanatics Live, Bell will serve as its chief executive officer. This is the new business unit of the sports platform firm that is also into sports betting and iGaming. It was reported that the company is set to officially launch the livestreaming business in the second half of this year.
“All collectors are fans, but not all fans are collectors,” Bell said in a statement. “We have a big opportunity to really grow the hobby by bringing in people who would not necessarily classify themselves as a collector today and open them up to this hobby by the way of entertainment and a community where they can hang around like-minded people.”
He added, “This is not just about taking a product and selling it but it is about creating this really entertaining format and experience.”
The Fanatics Live CEO further said that one of the areas that they will be focusing on at this early stage of the operation is “breaking” which is a type of social trading card buying that is recently growing in popularity. This is said to be similar to a blind raffle which is a set number of individuals that purchase an entry from a seller called a “spot.” Afterwards, the seller opens an entire case of trading cards live online and distributes them to each one of them.
Bell will be moved to Los Angeles and directly report to Mike Mahan, the CEO of Fanatics Collectibles.
