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The Magnificent Seven technology giants suffered their biggest one-day drop since the tariff tantrum in April 2025 on Thursday, with an index of the group falling 4.8% and wiping out $797 billion in market value. The selloff pushed the S&P 500 Index down 1.2%, while the tech-heavy Nasdaq 100 Index sank 1.9%. Bloomberg MLIV's Ven Ram breaks down the situation.

Hope of hostilities easing between the US and Iran are fading quickly with neither side backing down or saying it's time for new negotiations. The conflict also faces a fresh threat of escalation as Iran-backed Houthis claimed their first attack on commercial ships in recent months. Investors and central banks are now confronting the possibility that the attack could effectively close another maritime chokepoint vital to energy markets. The Opening Trade spoke to guests about what the rebound in oil prices could mean for companies as Europe stares down the barrel of dwindling gas supplies.

EBR Systems (ASX:EBR) released a statement addressing online speculation after two patients implanted with its WiSE system.

The US will collect duties of between 10% and 12.5% on imports from most major trading partners. The new levies follow an investigation into the alleged failure of around 60 economies to prevent forced labor in their supply chains to the detriment of American workers. The move aims to reconstruct President Donald Trump's tariff wall that was pierced by the Supreme Court. Bloomberg's Rosalind Mathieson reports.

Cambodian Deputy Prime Minister Sun Chanthol says his government is pleased with the 10 percent duty currently imposed by the United States on imports from Cambodia. He speaks with Avril Hong from Phnom Penh on "Insight with Haslinda Amin."

Orbital Corporation (ASX:OEC) completes its first 150HFE propulsion flight test with American Aerospace Technologies.

Resonance Health (ASX:RHT) generated $14.3 million in cash receipts for FY26 while maintaining positive operating cash flow each quarter.

Green360 Technologies (ASX:GT3) signed a binding agreement to supply low-carbon concrete material to Holcim.

Saturn Metals (ASX:STN) has secured three exploration licences spanning 135km2 at its Aquarius Gold prospect in Western Australia.

Dangote Group's Mariya Dangote confirms that the conglomerate is preparing for a secondary listing targeting London by the end of the year, while Fatima Dangote says the refinery business shows how Africa can execute mega projects.

Little Green Pharma (ASX:LGP) CFO Paula Butler has tendered her resignation, effective July 31.

Nobuo Tanaka, Former Director at the International Energy Agency, discusses his views on mass adoption for nuclear energy, as countries look for alternative sources to fuel surging demand from economies, and technology like AI. He speaks with Shery Ahn on "Bloomberg Tech Asia".