Debt securities issued by Thames Water Utilities Ltd have fallen to a historic low as investor confidence eroded sharply following government signals of possible intervention. The price of the company’s sterling-denominated bonds slid to 67 pence on Friday, marking a steep decline from 70 pence at the start of the month. The drop reflects heightened fears of a taxpayer-backed administration regime potentially replacing current corporate governance.
Tesla Inc. $TSLA is expanding its energy operations in Asia with a new grid-connected battery storage facility in Shanghai. The project, announced by local outlet Yicai, is part of a strategic collaboration with China Kangfu International Leasing Co. and the municipal government. This development marks the company's first direct foray into grid-scale energy infrastructure on the Chinese mainland, positioning Tesla to play a larger role in stabilizing regional electricity networks.
The Metals Company $TMC, a leading advocate for deep-sea mining, experienced a sharp stock rally following a strategic equity investment from Korea Zinc $010130.KS. The South Korean smelting giant has agreed to inject $85.2 million into TMC in exchange for 19.6 million common shares priced at $4.34 each. The announcement, which came amid intensifying U.S. efforts to decouple from foreign critical mineral supply chains, underscores growing institutional confidence in unconventional resource extraction.
Shares of Sterlite Technologies Ltd. $STLTECH.NS climbed over 11% on Monday, closing at ₹92.95. The surge followed the company’s announcement of expanded data center connectivity offerings, specifically adapted for AI-focused infrastructure. Despite the recent rally, the stock trades well below its 52-week peak of ₹155, leaving a notable performance gap. The update reflects Sterlite’s strategy shift toward solutions addressing surging demand from AI applications, cloud services, and edge computing environments in India. The company aims to support the ongoing transformation in digital infrastructure driven by data-intensive workloads.
Faruqi & Faruqi, LLP, a U.S.-based securities litigation firm, has launched an investigation into PepGen Inc. $PEPG over alleged violations of federal securities laws. A class action lawsuit has been filed, with investors given until August 11, 2025, to apply for lead plaintiff status. The complaint alleges that PepGen and certain executives made false or misleading statements and omitted material facts in their communications with shareholders. The investigation focuses on whether PepGen misled investors regarding its operations, financial outlook, or drug development pipeline, potentially inflating its stock price.
United Natural Foods Inc. $UNFI disclosed a cybersecurity incident after detecting unauthorized activity within its IT infrastructure on June 5. The company responded by immediately shutting down several internal systems and engaging third-party forensic experts to assess the nature and scope of the breach, according to a filing with the U.S. Securities and Exchange Commission (SEC).
Gemini, a prominent cryptocurrency exchange backed by the billionaire Winklevoss twins, has recently embarked on a significant move towards going public. The platform marked its ambitions through a confidential submission to the U.S. Securities and Exchange Commission (SEC), seeking an initial public offering (IPO). This strategic maneuver aligns with the current bullish sentiment surrounding digital currencies and related sectors, especially following the remarkable debut of stablecoin issuer Circle Internet Group Inc $CRCL.
Novo Banco SA has reached a defining moment following shareholder approval of essential actions linked to a possible initial public offering. The recent annual meeting’s agenda included authorizing the introduction of bank shares to the stock exchange and revising the institution’s bylaws. These initiatives lay the legal and organizational foundation for a stock market entry, positioning Novo Banco as a significant contender for the first major Portuguese IPO in four years.
Latest figures reveal that Tesla Inc. $TSLA continues to face substantial headwinds in the French electric car market. According to automotive association Plateforme, deliveries in May dropped to just 721 new vehicles, plunging by 67% compared to the same month last year. This reading marks the weakest monthly result since July 2022, challenging CEO Elon Musk’s earlier assertions that the electric vehicle manufacturer had bounced back from a sluggish start to the year.
Synopsys Inc. $SNPS, a key player in chip design automation, has secured Federal Trade Commission (FTC) approval for its planned acquisition of Ansys Inc. $ANSS for 34 billion USD. The authorization came with binding requirements for Synopsys to divest specific software assets, reflecting heightened global antitrust scrutiny.
Circle Internet Group Inc., operator of the USD Coin $USDCUSD — the world’s second largest stablecoin — is moving toward a significant public listing, aiming to raise as much as $624 million. According to its registration filing with the US Securities and Exchange Commission, Circle and certain sponsors are offering 24 million shares at a price range between 24 USD and 26 USD each. This strategic push signals increased institutionalization within the digital assets sector and highlights the growing appetite for public exposure among crypto-native firms.
Japanese auto parts giant Denso Corp. $6902.T is in advanced talks to acquire Axia Vegetable Seeds Group, a Temasek-backed seed supplier, for an estimated USD 500 million. The transaction, if completed, will mark a significant pivot for Denso, traditionally focused on automotive components, as it ventures further into agritech and the global food supply chain.
