Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
LS Cable & System inked a 200 billion won deal that would connect South Jeolla Province’s Wando to Jeju Island with 90 kilometers of high voltage, direct current (HVDC) submarine cable.
The project is slated for completion by the end of 2023.
LS C&S, the world’s third-largest wire and cable maker by sales, will be undertaking the entire process from design to its completion, in a turnkey format.
It will transmit Jeju-generated renewable energy to the mainland while providing stable electricity to meet Jeju’s increased power demand.
LS C&S is the only Korean company among the five global cable providers capable of building such extensive turnkey projects dealing with submarine cables.
In 2013, LS C&S carried out a similar project when it built a 105-kilometer submarine cable running from Jindo to Jeju Island.
Short of electromagnetic wave emissions, HVDC cables are considered environmentally friendlier than armor-clad cables.
To address the growing global demand for eco-friendly energy, LS C&S is seeking to build an HVDC production facility in Donghae, Gangwon Province next year and steadily expand related investments.
