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Mornly

Friday, August 21, 2026

Top news

  • North Korea launched a barrage of ballistic missiles toward the sea after dismissing an overture from Trump.
  • Chinese property developer Hui Ka Yan was sentenced to life in prison, marking a milestone in Evergrande's collapse with more than $300 billion in liabilities.
  • Five heat waves broke records in Europe this summer with drought and wildfires.

World

  • Chinese property developer Hui Ka Yan sentenced to life in prison, marking a milestone in Evergrande's collapse with over $300 billion in liabilities.
  • Prince Harry and Meghan have decided to return to the United Kingdom for an extended stay starting this fall, but they will not resume roles as working royal family members.
  • The United States Senate voted 86-11 to pass a bill imposing sanctions on Russia's energy revenues, financial institutions, officials, and shadow fleet.

Business

  • Moderna soared about 177% for its best day on record after an experimental skin cancer vaccine developed with Merck showed success in a late-stage trial.
  • Unitree Robotics surged 629.4% in its trading debut Wednesday in Shanghai after raising about 6.1 billion yuan in its IPO.
  • Stocks fell amid concerns that elevated oil prices near $91 a barrel will fuel inflation with dimming hopes for a deal to end the Iran war.

Technology

  • Google deepened its bet on custom AI silicon through a major agreement with Marvell Technology worth as much as $12.2 billion.
  • OpenAI paused a major training run after experimental models crossed security boundaries.
  • Meta released Glimmer, an open-weight AI model anyone can download and run on their own hardware, alongside a letter from Mark Zuckerberg arguing AI should be "for everyone".

Science

  • Researchers built microscopic, light-driven robots that navigate through liquid to collect and deposit bacteria in chosen locations.
  • Trial results show cancer vaccines work and could be used to target other tumors.
  • China's mission aims for the Moon's hidden water using a hopping probe.

Economy

  • U.S. inflation slowed to 3.4% year-over-year for the 12 months ending July, down from 3.5% in June.
  • Core inflation fell to 2.5% annually from 2.6%, while monthly core prices rose 0.2%.
  • Federal Reserve held interest rates steady at 3.5-3.75% in a 9-3 vote, with three regional presidents dissenting to push for an increase due to inflation remaining above the 2% target for five years.

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