Pepsi shares jump 5% as activist Elliott takes $4 billion stake, sees ‘historic’ value opportunity

Germany has said it supports a higher defense spending target even though this could leave Europe’s largest economy in fiscal hot water.

Jeff Bezos’ Blue Origin called off the inaugural launch of its key New Glenn rocket following last-minute issues on the vehicle.

Asia-Pacific markets traded higher as traders awaited announcement on whether the Aug. 12 deadline for U.S.–China tariff truce would be extended.