Rocket Lab (RKLB.O) shares rose 6.7% in premarket trading after the company agreed to acquire satellite communications firm Iridium for $8.0 billion.

China International Capital Co said the AI rally is showing signs of diffusion and market repricing is shifting toward upstream picks‑and‑shovels suppliers. A‑shares have delivered a pronounced structural rally YTD: ChiNext and STAR 50 are up 30.9% and 51.2%, with AI as the core theme. Since Q2 AI-sector volatility has increased; previously leading semiconductors, optical modules and PCBs face historically high trade crowding, and recent flows are moving into less crowded upstream materials and infrastructure — notably minor metals, electronic fabrics and optical fiber. CICC judges that with the AI trend intact, the market is more likely to display style diffusion than a systemic style rotation, making select upstream sub-sectors the current focus.

Burnham, a potential successor to the UK prime minister, said a "Northern No.10" would drive the UK's largest post-war council housebuilding programme.