Markets

Bank Leumi will release its second quarter financial results on August 13, 2025, followed by a conference call at 5 PM Israel time led by Hagit Argov and Omer Ziv. The call will delve into the earnings report, strategic outlook, and include a Q&A session. Access numbers for the call are provided. A presentation outlining the results will be available on the Israeli Securities Authority reporting website and Leumi’s Investor Relations page. An archived webcast will be available for on-demand viewing within one business day.

Amidst ongoing heavy rainfall in eastern China, JD Auto (Jingdong Yangche) has launched an emergency rescue service for motorists stranded by floods. Leveraging its extensive network of over 6,000 service centers and intelligent dispatch system, JD Auto promises a 5-minute response time. The service includes 24/7 nationwide roadside assistance, breakdown recovery, tire changes, and vehicle towing. They also offer preventative measures like safety inspection packages and a flood emergency kit. Motorists can access the service via the JD app.

Interactive group entertainment broadcasts are driving growth in live streaming, demanding higher broadcast quality. Hai Chuan Xing Chen, a leading entertainment guild, is upgrading its studio to meet these demands. By partnering with Canon’s “EOS Livestream” solution, they aim to enhance on-screen aesthetics, equipment stability, and color fidelity, creating premium, star-level live experiences. This move reflects a broader industry trend toward improved stage design and overall broadcast quality.

Evotec SE has entered a non-binding agreement with Sandoz AG for the potential sale of its Just – Evotec Biolog

A Chinese lawyer, Zhang Xiaoling, diagnosed with late-stage cancer despite a decade of annual health check-ups at iKang Healthcare, is suing the company for negligence. iKang has countersued, escalating the dispute into a high-profile legal battle. iKang’s CEO sparked controversy by questioning the expectation that inexpensive check-ups can detect all diseases. The case highlights public misconceptions about routine screenings versus comprehensive diagnostics and raises concerns about the efficacy and value of affordable preventative healthcare in China.

NVIDIA’s stock surge, fueled by the AI boom, has pushed its market cap past $4 trillion and created significant wealth for its employees. CFO Colette Kress and EVP Jay Puri are the latest to join the billionaire ranks due to their NVIDIA stock holdings, bringing the company’s total to six. Investor reports suggest around 78% of NVIDIA employees are now millionaires. CEO Jensen Huang humorously acknowledged his role in creating immense wealth within his management team.

The end of subsidized food delivery services has led to a surplus of used electric scooters appearing on Chinese online marketplaces like Xianyu. This oversupply is a direct result of platforms reducing subsidies that previously incentivized delivery drivers to purchase the vehicles. The proliferation of used scooters indicates a significant shift in the economics of the food delivery sector.

SoFi Technologies (NASDAQ: SOFI) has priced its public offering of 71,942,450 shares at $20.85 per share, generating approximately $1.5 billion in gross proceeds. Underwriters have a 30-day option to purchase an additional 10,791,367 shares. The offering is expected to close on July 31, 2025, and SoFi intends to use the proceeds for general corporate purposes, including working capital and strategic opportunities. Goldman Sachs, Citigroup, and Mizuho Securities are acting as underwriters. SoFi offers a suite of digital financial services to over 11.7 million members.

The Chengdu Metro’s installation of frosted glass panels between staircases and escalators has gone viral, sparking debate about privacy and practicality. The measure, intended to prevent unwanted glimpses, was implemented in response to passenger feedback. While some commend the design as considerate, especially for women, others question its necessity and suggest focusing on improving existing surveillance. The initiative highlights differing perspectives on public safety and privacy in urban spaces.

A magnitude 7.9 earthquake off the Kamchatka Peninsula triggered tsunami advisories across Japan’s coasts. The first wave, measuring 0.3 meters, reached Nemuro City, Hokkaido, at 10:17 AM local time. The Japan Meteorological Agency (JMA) issued warnings for Hokkaido’s Pacific coasts and northeastern prefectures like Aomori, Iwate, and Miyagi, also including Fukushima and parts of Chiba. Residents were urged to avoid coastal areas. Potential wave arrival times varied from 10:00 AM to 12:30 PM.