Markets

Major food delivery platforms face systemic exploitation by shadowy brokers enabling unlicensed “phantom kitchens” to operate as legitimate chains, despite technological upgrades and subsidy-driven market competition. Third-party intermediaries charge fees to fraudulently register residential kitchens using fabricated licenses and brand affiliations, evading audits through master account loopholes. Operators append established brands with location tags while avoiding direct oversight, with brokers offering turnkey solutions including fake kitchen videos for platform verification. While claims of operational stability prevail absent major incidents, consumers remain unaware their orders originate from uninspected home kitchens. This gray-market ecosystem highlights vulnerabilities in platform governance and food safety controls.

Mobileye (MBLY) priced Intel’s secondary offering of 50 million Class A shares at $16.50 each, with underwriters holding a 30-day option for 7.5 million additional shares. The offering, closing July 11, 2025, requires Mobileye’s concurrent repurchase of 6.23 million shares from Intel, approved by its board. Post-closing, Intel intends to convert 50 million Class B shares to Class A to expand the public float but will retain ownership. Mobileye will not sell shares or receive proceeds. Goldman Sachs and BofA lead the underwriting, supported by major banks. The offering is subject to SEC registration and standard closing conditions.

At the Global Digital Economy Conference, Beijing unveiled plans for AI-powered “data-smart cities” featuring optimized governance and integrated intelligence hubs. 5G emerged as a key diplomatic and technological tool, enabling real-time applications like holographic streaming and fueling a projected $1.3 trillion smart city market by 2035. The integration aims to create cities that anticipate urban needs.

At the ITU’s Geneva “AI for Good” summit, New Oriental founder Yu Minhong addressed the middle-age crisis. He described it as a normal, critical inflection point offering a choice: embrace renewal for a “second spring” or risk decline. Yu advised setting new life goals and persistently tackling challenges head-on via “cumulative small wins.” He exemplified this resilience through his own experience steering New Oriental’s dramatic pivot from near-collapse in education to success in live-streaming commerce via Oriental Selection.

**(98 words)**

PJX Resources raised C$1.65M via private placement to fund exploration at its Dewdney Trail Property in BC, near the historic Sullivan Mine. Financing includes flow-through shares (CA$0.14) and standard units (CA$0.12) with warrants. Recent findings show Sedex horizons like those at Sullivan, with surface samples up to 8.2% zinc and 42g/t silver. Aggressive drilling starts July 15, targeting potential large-scale mineralization amidst low zinc inventories. Risks include share dilution and early-stage exploration status.

BYD announced a breakthrough in Level 4-like autonomous parking on July 10, pledging full financial liability for accidents during smart parking using its Tianyan Eye system in China, bypassing insurance. Competitors vary: Harmony Smart Mobility covers repairs up to 50,000 yuan for specific models under a 12-month plan, XPeng requires a 239-yuan annual insurance package, while Tesla, Li Auto, and Xiaomi rely entirely on commercial insurance, risking premium hikes post-claims. BYD’s policy sets a new industry standard for risk accountability.

Chinese beverage brand Oriental Leaf has launched 1.5L bottles, tripling its standard size, as supersized drinks gain momentum across the industry. Driven by shelf visibility, cost efficiency, and consumer demand, jumbo formats dominate categories like tea, water, and soft drinks. Manufacturers benefit from lower packaging costs per unit volume, while consumers prioritize value-per-milliliter economics and sharing convenience. Supersized bottles also serve as social media-friendly accessories, appealing to younger audiences through digital engagement. This trend reflects a strategic blend of marketing appeal, production economics, and evolving consumption habits.

OpenAI’s AI browser challenges Google Chrome’s dominance, threatening its $200 billion ad empire which relies on user tracking. This Chromium-based browser centralizes interactions in a ChatGPT-like interface, using integrated AI agents to perform tasks autonomously. This could redirect search traffic and reduce Google’s ad revenue while granting OpenAI valuable user data. With technical expertise from former Chrome executives and growing industry adoption of agentic browsing, OpenAI’s move marks a critical shift in the tech landscape, testing Google’s 66% market share.

NorthWestern Energy (N/A) will host an investor webinar on July 31, 2025, at 3:30 p.m. ET to discuss Q2 2025 financial results. The detailed earnings release for the quarter ending June 30th will publish after market close on July 30th. Registration for the virtual event is available through the company’s investor portal, with a replay offered afterward. Serving approximately 787,000 customers across Montana, South Dakota, Nebraska and Yellowstone National Park, NWE focuses on reliable, scalable energy infrastructure.

Jamf’s VP of Global Channel Sales Marc Botham was named a 2025 Inclusive Channel Leader by CRN. His diversity initiatives drove 37% partner leadership roles to underrepresented groups, surpassing industry averages. Key programs included a mentorship pipeline boosting female-led partners by 41% YoY, tailored financing for minority businesses, and cross-cultural training adopted by 92% of partners. Jamf’s inclusive approach increased partner retention by 28% and amplified deal sizes by 19%, aligning with rising ESG priorities in enterprise tech.