Markets

Mainz Biomed (MYNZ) has priced a $3.0 million follow-on offering at $1.35 per unit, consisting of 2,222,222 units. Each unit includes one ordinary share (or pre-funded warrant) and one Series A warrant exercisable at $1.35, expiring in five years. Maxim Group LLC is the sole placement agent. The offering is expected to close around August 5, 2025, subject to customary conditions. The offering provides minimal capital and potential shareholder dilution.

A former TSMC employee in the U.S. has aired grievances on Reddit, highlighting a culture clash between TSMC’s Asian corporate practices and American workplace norms. Criticisms include disorganized training in Taiwan, long working hours (14-16 hours daily) in the U.S. fabs, potential biases in hiring practices, and alleged discrimination. The post describes a “toxic” environment with dysfunctional management, leading to high employee turnover. While TSMC offers attractive compensation, cultural differences and demanding work schedules may create a difficult experience for American employees.

Baidu’s Apollo Go and Lyft are partnering to launch driverless taxi services in Europe, starting in Germany and the UK by 2026. The plan involves deploying thousands of Apollo Go’s autonomous vehicles, leveraging Lyft’s operational expertise. This collaboration follows a similar alliance with Uber and aims to expand Apollo Go’s global reach, building on its existing fleet of over 1,000 autonomous vehicles operating in 15 cities. The goal is to provide safer, greener, and more efficient transportation options to European riders.

Foresight Autonomous Holdings secured I4F approval and $5 million in funding for a joint drone development project with Big Bang Boom Solutions, commencing September 2025. The 24-month project aims to create autonomous industrial inspection drones with visible-light and thermal sensors for GPS-denied environments. Big Bang projects potential revenue of $32 million by 2031, targeting industries driving the drone inspection market, expected to reach $21.3 billion by 2027. The ruggedized drones will enhance safety and efficiency in sectors like oil & gas and mining.

WeChat warns of a new online shopping scam where buyers receive incorrect items. Scammers provide QR codes for “customer service,” leading to phishing attempts. Victims are lured into downloading apps and transferring funds through promises of compensation or task rewards. WeChat advises using official platform customer service for after-sales issues and cautions against trusting excessive compensation offers or prepayment requests.

JD Auto was found guilty of unfair competition against Tuhu Car by the Shanghai Intellectual Property Court, stemming from JD Auto’s “Zhenhu Price” campaign. The court ruled the campaign constituted commercial disparagement and false advertising. JD Auto must cease the practices, pay Tuhu Car 5 million yuan in damages, and publish a statement across multiple platforms for ten days to mitigate reputational damage. Tuhu Car confirmed receiving the compensation but awaits JD Auto’s public statement.

SiriusPoint (SPNT) reported strong Q2 2025 results with a Core combined ratio of 89.5%, a 3.8-point year-over-year improvement. Core underwriting income soared 83% to $68 million. Net income was $59.2 million ($0.50 per diluted share), and gross premiums written grew 10%. The return on equity reached 12.7%, with an underlying ROE of 17.0%, exceeding the target range. Book value per diluted share (ex. AOCI) increased 3.2% to $15.64, and the Q2’25 BSCR estimate is 223%.

The upcoming MediaTek Dimensity 9500 is rumored to offer a 40% improvement in GPU efficiency over its predecessor, alongside significant ray tracing performance gains. This could allow flagship smartphones to achieve frame rates exceeding 100fps in ray tracing, rivaling high-end PCs. This enhancement caters to the growing demand for better mobile gaming experiences with demanding titles. The Dimensity 9500 aims to elevate mobile game visuals, potentially setting a new industry benchmark for performance and efficiency.

TuHu Car won a lawsuit against JD Auto in China over JD’s “Crush Tiger Price” campaign, which was ruled as unfair competition. The campaign, launched around TuHu’s Hong Kong IPO, aimed to undercut TuHu’s prices by 5%. TuHu argued this misrepresented their pricing. The court sided with TuHu, ordering the cessation of the campaign. This case underscores the intensifying competition in China’s auto maintenance e-commerce and sets a legal precedent regarding aggressive pricing strategies.

Southchip introduced the SC77450CQ, its second-generation automotive-grade High-Side Switch (HSD). This product marks a significant advancement, utilizing Southchip’s vertically integrated BCD process and a fully domestic supply chain. As the first high-side switch with complete domestic sourcing and integrated technology, the SC77450CQ challenges overseas dominance. Key features include: quad-channel configuration, low on-resistance (50mΩ), wide voltage range (4V-28V), high-precision current sensing (±4% at 2A), and comprehensive protection mechanisms suitable for automotive and industrial use.