Markets

On August 11th, a Socata TBM 700 turboprop crashed upon landing at Kalispell City Airport in Montana and struck a parked plane on the taxiway. The collision caused a fire that spread to nearby grassy areas and other planes. The aircraft, registered to Meter Sky LLC, carried four occupants, all of whom evacuated. Two passengers sustained minor injuries and were treated at the scene. The FAA is investigating the incident.

Revive Therapeutics (RVVTF) closed the first tranche of its private placement, raising $60,900 by issuing 2.9 million units at $0.021 each. It also settled $67,400 in debt by issuing 3.2 million units at the same price. Each unit includes a share and a warrant exercisable at $0.05 for 36 months. The proceeds will fund working capital and payables. Securities are subject to a hold period expiring December 9, 2025. The offering included 100,000 compensation options to an investment dealer.

American Public Education, Inc. (APEI) has appointed James Kenigsberg as interim Chief Innovation and Technology Officer, signaling a strategic pivot towards AI-powered education. Kenigsberg, former CTO of 2U, Inc., will lead APEI’s efforts to integrate AI and data analytics across its educational network, including American Public University System, Rasmussen University, and Hondros College of Nursing. The goal is to enhance accessibility, improve student retention, and personalize learning experiences for students. APEI aims to become a data-first, AI-enabled institution.

TotalEnergies SE announced a share repurchase program, buying back 3,130,220 of its shares between August 4th and 8th, 2025, for over €163.5 million. The average weighted purchase price was €52.23 per share. Transactions were executed on AQEU, CEUX, XPAR, and TQEX exchanges. This buyback, authorized by shareholders, reflects confidence in TotalEnergies’ financial position and aims to enhance investor value. TotalEnergies focuses on providing sustainable energy solutions across oil, biofuels, gas, hydrogen, renewables, and electricity.

PG&E, Fremont Unified School District, and The Mobility House launched a V2G electric school bus fleet, enabling the buses to feed energy back into California’s grid. The project features 22 EV chargers and 14 electric buses, replacing traditional combustion engine vehicles. Utilizing The Mobility House’s ChargePilot, the fleet participates in PG&E’s Emergency Load Reduction Program, enhancing grid reliability during peak demand. This initiative, supported by various partners, aims to create a cleaner and more resilient energy ecosystem.

On August 11th, the Chinese AI model DeepSeek experienced a widespread service outage, impacting its API, website, and mobile app. The incident sparked widespread complaints on Weibo under the hashtag #DeepSeekDown. DeepSeek reported the issue was identified and resolved between 21:55 and 23:39. DeepSeek gained popularity in early 2025, surpassing ChatGPT in US app downloads and reaching 30 million daily active users faster than any other app.

Yang Shuncheng, a former Chinese Academy of Sciences doctoral candidate, transitioned to entrepreneurship, opening the “Muye Gongchao” guesthouse. Despite facing criticism for leaving academia, Yang defends his decision, emphasizing the value of his education in shaping his thinking. His venture has proven successful, reportedly generating ¥4 million (approximately $550,000 USD) annually. Registered in 2023 with a substantial capital, the company’s business includes comprehensive hospitality services.

UBS Global Wealth Management US has opened a new flagship office in downtown Napa, California. This move signifies UBS’s increased commitment to the region and its affluent clientele within the Napa Valley economy. The 4,000-square-foot office features modern facilities and panoramic views. According to UBS executives, the new office is designed to enhance client service and integrate more deeply into the Napa community. UBS aims to provide exceptional service and personalized advice to meet client’s needs. UBS has operated in the Napa area for over 30 years.

Taobao Flash Delivery is upgrading its riders’ uniforms with a Formula 1-inspired design for the autumn season. The orange and black uniforms feature reflective strips for safety and are branded with various Alibaba logos. This stylish update coincides with significant growth in Taobao Flash Delivery’s rider network, with monthly active riders up 181% and crowdsourced riders increasing by 236%. More riders are also earning over 10,000 yuan monthly, reflecting the rising demand for efficient delivery services.

A hiker missing for two weeks in the restricted D督门 area of the Qinling Mountains was found with a leg injury after falling into a ravine during an illegal trek. Experts cite the range’s dangers and regulations prohibiting unauthorized passage. This incident, involving thrill-seekers flouting rules, strains rescue resources and ecosystems. It emphasizes the need for responsible tourism, ethical exploration, and regulation of content promoting dangerous activities on social media, preventing risks and protecting environments.