Turkey's President Erdogan said Turkey seeks to open channels of communication with Russia to achieve peace.

Allies reaffirmed a firm commitment to collective defense under Article 5. European allies and Canada increased 2025 defense spending by more than $139 billion; U.S. President Trump sharply criticized U.S. burden‑sharing as disproportionately high. The statement pledged robust support for Ukraine versus Russia, saying European allies and Canada currently finance the bulk of security assistance via bilateral and multilateral channels and that support must be fair, predictable and sustainable. Allies reiterated that Iran must not acquire nuclear weapons and urged respect for freedom of navigation in the Strait of Hormuz. NATO announced over $50 billion in new procurement and pledged to expand collective defense manufacturing capacity and cooperate with industry to accelerate innovation.

JPMorgan says competitive AI models that publish open-source weights broaden adoption and monetise via official APIs, partnerships, enterprise deployments and workflow products, while weaker models face faster price comparison and traffic diversion. JPMorgan raised Zhipu’s 2026–30 revenue forecasts by 3–9%, narrowed adjusted net losses for 2026 and 2027 to RMB3.71bn and RMB3.14bn respectively, and revised a prior 2028 adjusted loss of RMB1.29bn to an adjusted profit of RMB2.37bn; PT raised to HK$2,000, rating maintained Overweight. JPMorgan flags GLM‑5.5/6, KimiK3 and DeepSeekV4.1 performance as critical to Zhipu’s ability to sustain a lead. For MINIMAX‑W (00100.HK), JPMorgan cut 2027–30 revenue forecasts by 2–8%, lowered PT to HK$300 and kept Neutral, noting the M3 model carries a permanent 50% discount that signals no clear capability premium versus domestic peers; JPMorgan says the view would turn positive if MiniMax narrows the capability gap, the discount normalises, API volumes hold and MiniMaxCode increases workflow stickiness.