To fuel its global ambitions, Sun Pharmaceutical Industries will acquire New Jersey-based Organon & Co in an all-cash deal that values the U.S. company at $11.75 billion.
The U.S. Department of Education's new Repayment Assistance Plan (RAP) offers benefits like interest waivers and principal matching, but only if payments are made on time. Late payments, even by one day, result in the loss of these valuable benefits and do not count towards loan forgiveness.
Elon Musk and Sam Altman reignited their public feud on X, trading insults over AI models and business strategies. Musk accused Altman of "scamming" and questioned his motives, while Altman retorted by highlighting Musk's focus on space data centers and AI. The exchange occurred amid new AI model releases from both SpaceX (Grok 4.5) and OpenAI (GPT-5.6 Sol) and Apple's lawsuit against OpenAI.
The US launched new strikes against Iran after Iranian forces attacked a ship in the Strait of Hormuz. Iran's IRGC responded by closing the waterway and attacking US bases and allies in the region, including a US base in Jordan.
David Willey, a distinguished BBC foreign correspondent with over 50 years of experience, has passed away at the age of 93. Known for his extensive reporting from Rome as the BBC's Vatican correspondent, he covered five papacies and was recognized with an OBE for his contributions to broadcast journalism.
The World Cup semi-finals are set with France facing Spain and England taking on Argentina. Kylian Mbappe and Lionel Messi are in top form, vying for the Golden Boot, while other stars like Jude Bellingham and Lamine Yamal aim to make their mark.
This week's market focus is on the US economy, with major banks like JPMorgan and Bank of America releasing Q2 earnings. The June consumer price index report is also due Tuesday, coinciding with JPMorgan's conference call. Other key reports include the producer price index and earnings from J.B. Hunt and Netflix.
