BUSINESS

Anthropic's Claude Cowork tool is now available on mobile and web, enabling seamless task management across devices and enhancing productivity for general business operations.

OpenAI is launching its GPT-5.6 AI models, including Sol, Terra, and Luna, amid U.S.-China tech tensions and security concerns, following a limited preview and government evaluations.

Vertex Pharmaceuticals is set to acquire Crinetics Pharmaceuticals for $10 billion, enhancing its endocrinology portfolio with key assets like Palsonify and atumelnant, pending regulatory approvals.

Santos Ltd shares rose 5.78% as Middle East tensions escalated, boosting oil prices. The company's stock gains reflect broader energy market volatility and ongoing takeover speculation.

Samsung's Galaxy Unpacked event in London will showcase new foldable phones, wearables, and a preview of smart glasses, with early reservation savings available for prospective buyers.

Iran launched missile and drone attacks on U.S. sites in Bahrain and Kuwait after U.S. airstrikes in Iran, escalating tensions and impacting global oil prices.

Commonwealth Bank of Australia shares have shown a steady recovery, trading at $168.18, despite being down over the past year. Analysts remain cautiously optimistic about the bank's future prospects.

Australian shares fell for a third session, with the ASX 200 down 0.66%, impacted by global semiconductor weakness and a sell-off in lithium and rare earth stocks.

Samsung Electronics reported a record $58 billion profit in Q2, driven by soaring memory chip prices amid global AI expansion, surpassing previous records set by Nvidia and Apple.

Leaked information suggests Google's Pixel 11 series will feature higher prices but increased base storage, starting at 256GB. The series may also include new camera upgrades and a Tensor G6 chip.

Microsoft Teams users reported access issues, with conflicting outage reports from monitoring services. Microsoft has not confirmed an outage, leaving users uncertain about the platform's status.

Nvidia shares fell as Chinese AI company DeepSeek develops its own semiconductor, potentially reducing reliance on Nvidia and Huawei chips. The move highlights growing competition in AI computing.

Netflix shares rose 1.72% after a challenging year marked by a failed Warner Bros. acquisition. Investors await the company's upcoming earnings report for further insights.

GameStop is evolving from a traditional retailer to a diversified player, focusing on e-commerce and strategic initiatives amid industry shifts and market volatility.

SpaceX shares fell 5.77% as investors evaluated post-IPO volatility and awaited updates on the Starship program. The decline highlights ongoing challenges and opportunities in the space economy.

Maase Inc.'s shares rose 15.74% as the company shifts from financial services to AI infrastructure, highlighting significant stock volatility and strategic acquisitions.

Agios Pharmaceuticals' stock surged after the FDA granted priority review to its drug mitapivat for sickle cell disease, potentially accelerating its market entry and expanding its commercial reach.

Ethereum's price has seen a modest recovery, trading at $1,771.02, but remains significantly below its record high. Institutional demand and technical analysis suggest cautious optimism for future growth.

Intel's shares fell 8% amid competitive pressures in AI and semiconductor sectors, highlighting challenges in manufacturing and market positioning. Analysts remain divided on the company's future prospects.

Micron Technology shares fell sharply amid a global memory chip sell-off, triggered by Samsung's strong earnings forecast. Analysts debate whether this signals a temporary reaction or a sustained pullback.

The Nasdaq Composite fell sharply due to semiconductor stock volatility, overshadowing Samsung's strong earnings. Global markets reacted, with significant declines in Asia-Pacific indices and mixed performances in U.S. sectors.

The Russell 2000 index of small-cap stocks dipped slightly, ending a streak of gains, while broader markets rose. Despite the decline, the index remains near multi-year highs, reflecting strong performance.

The US Postal Service is increasing mailing prices and introducing new fees for hazardous materials to address financial challenges, effective July 12. These changes impact both individual and commercial mailers.

The Dow Jones Industrial Average closed at a record high, driven by investor confidence and economic resilience, despite mixed market performance and sector rotations.

Virgin Australia is enhancing its business travel solutions, offering discounts, flexible fares, and loyalty rewards to help organisations manage rising operational costs effectively.

OpenAI's Codex experienced connectivity issues, affecting users and prompting reports on GitHub and social media. The company acknowledged ongoing disruptions, working to resolve them amidst growing demand for AI coding tools.

Netwealth Group's shares rose 7.27% amid strong financial performance and positive analyst sentiment, despite regulatory challenges. The company reported record inflows and increased earnings, highlighting its growth potential.

Predictive Discovery's shares fell 12.33% amid broader gold market volatility. Despite recent declines, analysts maintain a positive outlook, highlighting the company's growth potential and strategic developments.

Microsoft is cutting 4,800 jobs, focusing on its Xbox division, as it adapts to AI-driven changes in technology. The restructuring includes spinning off four gaming studios to new ownership.