GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest 
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy 
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth 
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9% 
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation 
Qualcomm Stock Falls as Weak Q4 Forecast, Apple Revenue Decline Overshadow AI Data Center Growth 
OpenAI Revenue Surges After GPT-5.6 Launch as IPO Expectations Grow 
Arm Holdings Q1 Earnings Beat Estimates, Strong Q2 Outlook Fails to Lift ARM Stock 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth 
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake 
Robinhood Q2 Earnings Beat Estimates, But HOOD Stock Falls as Investors Question Profit Quality 
The founding family members of Eastar Jet Co. will donate their entire 38.6 percent stake in the firm to Jeju Air Co. to bring the latter's stalled takeover of Eastar back.
Rep. Lee Sang-jik of the ruling Democratic Party, Eastar Jet's founder, and his family owns the 38.6 percent stake in the airline through its parent Eastar Holdings Co.
The value of the family's stake in Eastar reaches 41 billion won.
Eastar Jet President and Chief Executive Choi Jong-gu in a press conference said they "desperately call on Jeju Air" to clarify its intentions to acquire Eastar Jet.
Choi also asked the government to assist the airline industry before it goes bankrupt financially.
Jeju Air had signed a deal to acquire 51.17 percent of Eastar for 54.5 billion won to expand operations while the coronavirus was impacting the airline industry.
Consequently, Eastar Jet suspended all of its flights and sent its 1,700 employees on "paid leave" in late March.
Jeju Air was expected to issue 10 billion won worth of convertible bonds on June 30 as a prerequisite to the takeover.
Eastar Holdings would then purchase the bonds and convert them into Jeju Air equities.
However, Jeju Air changed its position in May as the pandemic worsened, according to Eastar Jet.
Eastar claimed that unpaid wages had reached around 24 billion won.
Jeju Air, who said the deal needs approval from Vietnam and Thailand, reiterated that it would proceed with the acquisition to gain a more significant market share and strengthen its global competitiveness.
