Key business developments span AI industry shifts, trade policy changes, major corporate moves, and economic concerns about wages and consumer spending amid rising inflation.

Mary-Dell Chilton, pioneering geneticist who led the 1982 research creating the first genetically modified plants, has died at 87, leaving a legacy that transformed global agriculture.

Anthropic, the AI laboratory, has taken steps consistent with planning a mega-IPO in the fall, signaling major moves in the competitive artificial intelligence sector.

European Union regulators ordered Google to give AI rivals more access on Android smartphones, responding to concerns Google will leverage its vast user base for competitive advantage in AI.

The U.K. government nationalized British Steel, its last major steel mill, after no private sector buyers emerged following intervention to prevent Chinese owner Jingye Group from shutting it down.

Computer software prices jumped a record amount over the past year as AI integration drives up costs, contributing to broader inflation pressures on consumers and businesses.

U.S. wages have increased only 27 cents per hour since Trump took office, with annual wage growth offset by inflation, leaving workers' purchasing power roughly flat year-over-year.

Uber's $14.8 billion acquisition of Delivery Hero would nearly double its global delivery footprint, significantly expanding the ride-sharing giant's food delivery operations worldwide.

The Trump administration finalized stricter visa limits for foreign students, exchange visitors, and journalists, tightening controls on temporary stays in the United States.

Pakistan's SBP foreign exchange reserves fell $1.245 billion during the week ended July 10, primarily due to external debt repayments amid ongoing economic pressures.

The White House faces significant pushback from academics, city leaders, and lawmakers opposing a plan to subject federal grants to political review, raising concerns about research independence.