Due to the protracted war with Iran, U.S. stocks of Patriot and THAAD missiles are rapidly dwindling. The Pentagon is therefore pinning its hopes on Silicon Valley defense startups, as traditional suppliers such as Lockheed Martin and Raytheon are unable to ramp up production.

In the span of six weeks, Elon Musk has lost nearly half his fortune. According to the Bloomberg Billionaires Index, his net worth fell from a peak of about $1,330 billion in mid-June to about $684 billion by the end of July. Despite this setback, he remains by far the richest person in the world. In fact, his fortune is still greater than that of the second- and third-richest people combined.

It was supposed to be a dream week for Leopold Aschenbrenner (24), the young Wall Street prodigy who, thanks to his AI fund “Situational Awareness,” had posted a staggering 439% return in six months. Instead of celebrating, however, this week turned into a financial bloodbath: his fund reportedly lost tens of billions and was forced to sell nearly all of its positions in publicly traded stocks.

Although a major deal has just been struck with the French film industry, that hasn’t stopped the head of Canal+ from following through on his threat: he will cut off funding to anyone in the industry who damages the group’s image.

FIFA President Gianni Infantino has launched a controversial project aimed at creating a new company to handle the commercial management of the World Cups—men’s, women’s, and club. This project, dubbed “FIFA Forward Enterprise,” is expected to be worth $20 billion and is attracting private investors, including Thrive Eternal, led by Joshua Kushner, the brother of Jared Kushner, U.S. President Donald Trump’s son-in-law.

eBay and three former executives have reached a settlement totaling $55.7 million (more than 51 million euros) with David and Ina Steiner, a couple residing in the U.S. state of Massachusetts. In 2019, the bloggers were the victims of a large-scale harassment and stalking campaign carried out by employees of the auction platform, in retaliation for their critical newsletter, EcommerceBytes.

With 48 teams and 104 matches, the expanded 2026 World Cup has become a massive money-making machine, with highly uneven returns.

By betting $1.5 million on Argentina to beat Spain in the 2026 World Cup final via the Stake platform, Drake hoped to pocket the modest sum of $5.2 million.

Greece is set to acquire an Israeli air defense system worth up to 3.5 billion euros. The KYSEA Security Council will discuss this matter on Thursday, along with the acquisition of several types of drones, according to Reuters and other sources.

Cyberattacks against European institutions, which have been on the rise recently, are taking an unprecedented turn, to say the least.