Shares in Australian supermarket operator Coles Group jumped nearly 5% after the company announced it had ended discussions to acquire pet care business Greencross from TPG Capital, easing investor concerns over the potential A$4 billion deal.
Chinese AI startup Moonshot has launched Kimi K3, a massive 2.8-trillion parameter open-source model with performance claims that position it as a direct competitor to leading U.S. frontier models from firms like Anthropic and OpenAI.
AMR Resources Acquisition Corp., a blank check company targeting the mineral resources sector, priced its initial public offering of 25 million units at $10.00 each, raising $250 million. The units began trading on the Nasdaq under the ticker 'AMACU'.
Futures for major U.S. indexes declined after Netflix issued a disappointing revenue forecast, compounding pressure from a continued sell-off in semiconductor stocks.
Chinese AI startup Moonshot has unveiled Kimi K3, a 2.8 trillion-parameter model it claims is the world's largest open-weight system, with benchmarks showing performance competitive with top U.S. models from Anthropic and OpenAI.
Chipotle Mexican Grill has opened its first restaurant in Mexico, launching in the affluent city of Monterrey with plans for rapid expansion in partnership with major franchise operator Alsea.
The U.S.-based fast-casual chain is entering the Mexican market for the first time, with its inaugural location set to open in the northern state of Nuevo Leon under a development agreement with multinational operator Alsea.
Oil prices are on track for their largest weekly gain in three months following new U.S. military strikes in the Middle East, while a global sell-off in semiconductor stocks is dragging down major equity indexes.
China's three largest carriers—Air China, China Eastern, and China Southern—expect a combined first-half loss of up to 9 billion yuan ($1.33 billion), citing the dual pressures of high fuel costs and weakening consumer travel demand ahead of the peak summer season.
