AI fund losses and stock sales
- Leopold Aschenbrenner's hedge-fund firm Situational Awareness is down around 67% so far in July after incurring heavy losses on AI stocks.
- The deep losses prompted the firm to sell the bulk of its stock holdings to Ken Griffin’s investment firm Citadel.
Energy and retail deal activity
- British energy major BP said it is launching a sales process for its U.K. North Sea business as part of a review of its assets.
- Canada’s Alimentation Couche-Tard plans to acquire Poland's largest convenience retailer Zabka for about $8.7 billion to expand its footprint in central and eastern Europe.
Tesla China business separation discussions
- Some Tesla executives have been told to prepare for a separation of the China business ahead of a potential SpaceX merger.
- Tesla advisers have discussed possible options for a separation, including a spin-off, sale or closure of the China business.
Anthropic incidents and Texas data-center financing
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