WISETECH RAIDED BY AUSTRALIAN ANTITRUST WATCHDOG
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WiseTech Global has been hit with a document demand from Australian competition authorities investigating alleged breaches of competition law. The company's stock price fell sharply following the announcement.
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A global semiconductor stock retreat deepened Tuesday as major Asian chipmakers suffered steep losses. Samsung and SK Hynix shares dropped more than 7% in Seoul following a 5% decline in the Philadelphia Semiconductor Index.
Chinese robotics company Unitree is going public as investors bet heavily on humanoid robots, a sector Morgan Stanley values at $5 trillion by 2050. The IPO reflects intensifying competition between China and the US in autonomous robotics technology.
ABC and Disney filed a federal lawsuit Tuesday accusing the FCC of retaliatory conduct and threatening the network's broadcast licenses. The suit escalates tensions between ABC and the Trump administration over the network's political coverage.
AI chip startup Rebellions is actively preparing for an initial public offering, with a listing on South Korea's main stock exchange as its primary target. CFO Sungkyue Shin confirmed the plans at the AI Summit & Expo in Seoul.