Olivia Poh / Bloomberg: SE Asian internet giant Sea dropped 29%, its largest single-day drop ever, wiping out nearly $10B of its market cap; Sea is valued at $23B vs. $180B in... Read more »

Bloomberg: Sources: UK PM Rishi Sunak is planning an AI summit later this year with other G7 leaders and tech execs, with the historic Bletchley Park as a possible venue  —  –... Read more »

Bloomberg: Sources: Intel is expected to call off its planned $5.4B Tower acquisition, which had an August 15 deadline, as time to win Chinese regulatory approval runs out  —  – Company expected... Read more »

Yuka Hayashi / Wall Street Journal: The US Commerce Department has built a team of people from Goldman Sachs, Blackstone, KKR, and other Wall Street firms to help allocate $39B in chip... Read more »

PYMNTS.com: Hollywood, Florida-based ClassWallet, which offers a digital wallet-based purchasing and reimbursement service for public funds, raised $95M led by Guidepost  —  ClassWallet has raised $95 million to grow its digital wallet-based... Read more »

Jay Peters / The Verge: Users of XPro, previously TweetDeck, report encountering paywalls to use the service; X said on July 3 that “in 30 days” XPro would be a subscriber-only feature ... Read more »

Alex Weprin / The Hollywood Reporter: Amazon hikes the price of Music Unlimited for Prime subscribers, up $1/month to $9.99 for individual plans and family plans up $1/month to $16.99  —  Amazon... Read more »

Jesse Hamilton / CoinDesk: GOP House Financial Services Committee lawmakers demand that SEC Chair Gary Gensler explain how Prometheum won its unique approval as a broker-dealer for crypto  —  Patrick McHenry, the... Read more »

Chelsey Cox / CNBC: At a White House roundtable, the US Consumer Financial Protection Bureau touts Fair Credit Reporting Act rules to crack down on harmful data broker practices  —  – The... Read more »