South Korea Exports Surge 62.8% in July on AI Chip Demand 
Gold Ends July Higher as Weaker Dollar Offsets Fed Inflation Concerns 
Novo Nordisk Eyes Turnaround as Oral Wegovy Challenges Eli Lilly in Weight-Loss Drug Race 
Citi Says Sharp TOPIX Drop Could Push USD/JPY Lower as Yen Gains Momentum 
China PMI Contracts in July as Weak Demand and Typhoons Weigh on Economy 
Meta-backed research finds exposure to ‘untrustworthy’ social media is rare. The fine print is less reassuring 
SpaceX Earnings Preview: Bernstein Says 4 Key Factors Will Drive Long-Term Valuation 
T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger 
WestJet Cancels 86 Flights as CUPE Strike Threat Disrupts Travel 
Trump-Backed Russia Sanctions Bill Faces House Hurdles Over Tariff Powers 
FleetPartners Shares Jump After A$760 Million Takeover Proposal From Pacific Equity Partners 
Robinhood Q2 Earnings Beat Estimates, But HOOD Stock Falls as Investors Question Profit Quality 
Trump Says Iran Talks to Begin as Strait of Hormuz Deal Nears, Oil Prices Fall 
Oil Prices Head for 20% Monthly Surge as Middle East Supply Risks Persist 
Asian Stocks Rally as AI Optimism Lifts Markets; Yen Holds Gains Ahead of BOJ Decision 
Oil Prices Drop Nearly 5% as Trump Delays Iran Strike, Markets Eye Strait of Hormuz Deal 
U.S. Treasury Joins Japan in Yen Intervention as Currency Nears 40-Year Lows 
SK On Co. Ltd. reportedly halted its production of electric vehicle batteries in the United States. The decision was made after Ford Motor stopped building its F-150 Lightning pickup truck due to battery issues.
It was learned that the battery used in the said pickup model was made by SK On and because of this, the quality of the EV batteries it produces is being questioned. Its parent company, SK Innovation, took a hit as its shares fell after the news.
According to The Korea Times, Ford Motor told various news outlets on Tuesday that it suspended production and shipments of its F-150 electric pickup last week. It cited a "possible battery problem" as the cause and shared this is currently under investigation.
Then again, the company said it has not suspended sales for units that were already delivered to the dealers. This means that dealers can continue to sell the pickups that are in their stores. As for the resumption of production of the trucks, Ford Motor said it is not yet certain when this would be.
The American automaker said it is not aware of any accidents or issues related to the possible battery issues. This latest notification was issued amid increasing concerns about the possible cancellation of SK On and Ford Motor's partnership where they agreed to create the BlueOval SK joint venture in the U.S.
Meanwhile, SK On released a short statement regarding the battery issue. Firstly, the company said it has intentions of retaining its cooperation with Ford Motor. It also said that its plant in Georgia that supplies EV batteries for F-150 pickups are still operating despite the automaker's move to stop the vehicle's production.
SK On's spokesperson also assures that it is looking into the battery case. "We are investigating the matter," he simply said.
