Oil prices declined on Thursday following reports of increased gasoline and distillate inventories in the United States, combined with Saudi Arabia’s decision to reduce crude oil prices for Asian customers in July. These developments occurred against the backdrop of persistent global economic uncertainty, which continues to weigh on energy demand forecasts. Brent crude futures fell by $0.14, or 0.2%, to $64.72 per barrel, while West Texas Intermediate (WTI) futures in the US declined by $0.24, or 0.4%, to $62.61 per barrel as of 05:00 GMT.

On Tuesday, Cornelis Networks, an Intel $INTC spin-off founded in 2020 and still backed by Intel’s venture capital arm, introduced a groundbreaking suite of networking hardware and software designed to interconnect up to 500,000 artificial intelligence (AI) chips. This innovation addresses a longstanding bottleneck in AI data centers: while AI computational chips deliver extreme processing speeds, the network connections between them lag, limiting data flow and overall system performance.

French pharmaceutical giant Sanofi $SAN.PA has announced its largest acquisition in years, agreeing to purchase Blueprint Medicines Corp. $BPMC for over $9 billion. The all-cash deal, valued at $129.00 per share, underscores Sanofi's strategic commitment to rare immune-related disorders, a high-margin and fast-growing niche within the broader biopharmaceutical industry.