BUSINESS

Amylyx Pharmaceuticals' shares soared 48% after announcing positive Phase 3 trial results for avexitide, a drug targeting post-bariatric hypoglycemia, marking a significant milestone for the biotech company.

Dreyer's Grand Ice Cream recalls select Outshine Fruit Bars due to potential glass contamination. Affected flavours include Strawberry, Watermelon, Grape, Tangerine, and Black Cherry. Consumers urged to check batch codes and best-before dates.

Google Home and Nest devices faced a global outage, affecting users' ability to control smart home products. The disruption, linked to server-side issues, impacted users across multiple continents.

The Dow Jones fell as rising oil prices and Middle East tensions weighed on markets, despite Home Depot's strong earnings. Retail earnings and Fed minutes are key focuses for investors this week.

South Korea's KOSPI index fell 1.63% due to institutional selling and Middle East tensions, reversing earlier gains. The market remains volatile amid geopolitical uncertainties and trade negotiations.

The ASX 200 rose slightly, driven by strong earnings in healthcare and materials sectors, despite broader market challenges. Key players like BHP and CSL contributed significantly to the index's performance.

The iPhone 18 Pro and Pro Max are expected to feature a 2-nanometer chip, satellite-based 5G, and a redesigned rear finish. Apple may unveil these alongside its first foldable iPhone in September.

Best Buy marks its 60th anniversary with a weeklong sale featuring discounts on electronics, exclusive in-store offers, enhanced loyalty rewards, and a promotional sweepstakes, running through August 23.

Nike's shares fell to a 12-year low, driven by disappointing sales guidance from competitor On Holding and ongoing challenges in the Chinese market, raising concerns about the company's turnaround strategy.

Leaked design sketches suggest Samsung's Galaxy S27 may feature a horizontal camera module, marking a significant design shift. This change could offer practical benefits and a visual refresh for the flagship line.

GigaDevice Semiconductor's shares rose 6.35% due to strong memory chip demand and anticipation of first-half results, reflecting a 250% annual gain. The company benefits from tight supply and rising prices.

BECU members reported digital banking access issues, with Downdetector noting a spike in complaints. The cause remains unclear, highlighting the importance of outage-tracking services for affected users.

ChangXin Memory Technologies' shares have surged since its IPO, reflecting China's push for semiconductor self-sufficiency amid geopolitical tensions and AI-driven demand.

Cerebras Systems' stock surged 15.67% amid ongoing volatility, reflecting market uncertainty about its rapid growth and competition with Nvidia in the AI chip sector.

Micron Technology's stock surged over 5% due to increased demand for AI memory chips and positive analyst upgrades, pushing shares above $1,000 and highlighting the company's strong financial performance.

Developers reported access issues with GitHub, though independent monitoring services showed mixed results. Downdetector noted a spike in complaints, but GitHub's status page showed no active incidents.

SK Hynix's shares rise due to AI memory demand and strategic partnerships, despite volatility. The company plans significant investments in manufacturing to meet future demand, with analysts remaining optimistic.

Charles Schwab users experienced access issues during a crucial trading week, with outage-tracking services noting widespread disruptions amid major retail earnings reports. Schwab has yet to confirm the outage.

The Dow Jones Industrial Average fell as investors reacted to weaker-than-expected retail sales and reassessed Federal Reserve policy, highlighting market sensitivity to economic data and geopolitical tensions.

The Nasdaq Composite rose slightly as investors anticipate major retail earnings and Federal Reserve policy signals at the Jackson Hole symposium, amidst mixed economic data and rising oil prices.

The FTSE 100 index rebounded on Monday, driven by weaker U.S. retail sales data that reduced rate hike expectations, with mining stocks leading the recovery amid firming industrial metal prices.

Japan's Nikkei 225 index rose by 0.74% amid speculation of a Bank of Japan interest rate hike, impacting the yen and export-heavy equities. Broader market strength supports the rally.

OpenAI's Computer History feature for macOS tracks user activity to enhance task management, sparking privacy concerns. Available to ChatGPT Pro users, it offers opt-in tracking with privacy safeguards.

L1 Group Ltd's shares rose 6.79% after reporting a 97% profit growth post-merger with Platinum Asset Management, driven by strong investment performance and a one-off gain.

Mesoblast shares surged 8.82% on the ASX after a volatile week, recovering losses from a securities filing that unsettled investors. The company's revenue growth and clinical progress remain key focus areas.

Australian manufacturers are reducing inventory levels to free up cash amid global supply chain disruptions, focusing on improving forecasting, supplier lead times, and inventory visibility for better resilience.

South Korea's KOSPI index surged to a three-week high, driven by semiconductor gains and easing inflation concerns, reflecting a dramatic market rebound amid AI-driven volatility.

Australian shares fell for a fourth session as corporate earnings reports and global tensions impacted markets. Key companies reported mixed results amid resilient consumer demand and cost pressures.

Google's Pixel 11 series introduces advanced AI features, a new processor, and camera enhancements. The lineup, available for preorder, highlights Gemini Intelligence's expanded capabilities and addresses global memory chip cost increases.