Shein Targets $26B-$27B Valuation for Hong Kong IPO 
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push 
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead 
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate 
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks 
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars 
Schott Pharma Stock Rises as Barclays Upgrades Rating on Growth Outlook 
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows 
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case 
REPAY Stock Rises After Visa Platform Connect Collaboration 
Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support 
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI 
Coty Revenue Beats Estimates as Beauty Demand Holds Firm 
Synlait Milk Denies Fonterra, a2 Milk Takeover Talks 
Google to Move All Pixel Production Out of China by 2027 
Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised 
Add as a preferred source on Google
Korea Aerospace Industries (KAI) aims to become the No. 1 aerospace company in Asia and the world’s 20th largest player by attaining 10 trillion won in sales by 2030.
KAI is eyeing to increase its annual sales from three trillion won to five trillion won while expanding its order backlog from 18 trillion won to 25 trillion won by 2025.
According to KAI president Ahn Hyun-ho, the company’s growth will be driven by future air mobility, such as electric and hydrogen aircraft, satellites and space projectiles, manned and unmanned multi-function systems, air defense electronics, simulations, and software.
KAI recently signed a memorandum of understanding with Elbit Systems signed to cooperate in unmanned air vehicles, after inking a similar deal with Israel Aerospace Industries (IAI).
KAI plans to strengthen its capabilities in the ultra-small, medium-sized, and large satellites.
The company is targetting the urban air mobility (UAM) market, where it has acquired capability by developing helicopters, by forming a consortium rating with major Korean companies.
