Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
HDC Hyundai Development Company's construction license is at risk of being canceled due to the collapse of the building that it was putting up in Gwanju. The Korean government is recommending the license revocation as the heaviest punishment it can level against the company.
South Korea's Ministry of Land, Infrastructure and Transport affirmed on Monday that it could nullify HDC Group's construction unit's license over the fatal accident where at least six construction workers have died. An apartment building is being built by the company in Gwanju and in January of this year, part of it had collapsed.
According to The Korea Times, the construction site is located 330 kilometers away from Seoul. At the time of the collapse, it was said that people were on the building's 28th to 34th floors.
In any case, the country's MOLIT expelled concerns that the license revocation penalty could become ineffective if the construction company sets up a new firm to continue with its projects. The ministry said that it will not allow this to happen to make sure the company will carry out the punishment.
"We have asked the Seoul Metropolitan Government to seek the strongest possible administrative order for HDC Hyundai Development Company, given the gravity and extent of the case," an official of MOLIT said during a press conference. "The ministry will be directly involved in the punishment of builders that cause casualties. We will strengthen construction safety to prevent accidents similar to this in the future."
The Gwangju Metropolitan Police Agency is also set to invite Yu Byoung Gyu, HDC's chief executive officer, for questioning regarding the personnel management's negligence at the construction site. It was added that the police also booked at least 20 people who were deemed responsible for the collapse.
Of the six people who were arrested, three of them were HDC employees, and two were from the company's partners. HDC vowed to put more effort into improving the safety of its workers and preventing on-site accidents.
Meanwhile, Pulse News reported that HDC's license suspension could last for a year. The Ministry of Land, Infrastructure, and Transport has already asked the Seoul Metropolitan Government to apply the most severe penalty based on relevant laws and regulations.
