AMERICAN BATTERY MATERIALS, INC. (BLTH): Entry into a Material Definitive Agreement

Tencent Holdings plans to raise $5.7 billion through dollar and yuan bonds, issuing $1.8 billion in dollar-denominated notes and 26 billion yuan in yuan-denominated notes. The funds will be used for general corporate purposes, including investments in AI and cloud computing. Tencent's shares were down 1.5% in early Hong Kong trading.

Rio Tinto reported a 2% increase in Pilbara iron ore sales to 85.7 million tonnes, exceeding estimates. The company aims to release $7.2 billion in capital by 2026, with $2 billion already released this year. Copper output remained flat, and lithium production is expected at the lower end of forecasts. Iron ore sales for 2026 are forecasted between 323-338 million tonnes.

Sanofi-Aventis Korea reduced its National Immunization Program (NIP) flu vaccine supply from 2.25M to 1.75M doses due to production disruptions. The Korea Disease Control and Prevention Agency amended the contract without penalties, allowing Sanofi to divert 500,000 doses to the higher-priced private market. Critics argue this favors Sanofi and may disrupt supply for domestic firms like GCGC Biopharma (006280).

Samsung Electronics' executive chairman Jay Y. Lee will receive 2.6 trillion won ($1.94 billion) worth of shares from his mother, raising his stake to 1.75%. The transfer follows a recent purchase of shares from his mother. Lee will face a significant gift tax bill, potentially around 1.55 trillion won.

Getty Images (OTCPK: GETY) filed for Chapter 11 bankruptcy, delisting from the NYSE. The company secured a restructuring deal with Koch Equity Development and the Getty family, wiping out debt and going private. The move follows a failed merger with Shutterstock and declining subscriber numbers due to AI competition. Operations will continue as usual.

Getty Images plans to keep its Seattle HQ and avoid layoffs as it goes private through bankruptcy to cut debt. The company reported $981M revenue and $84M operating income in 2023, but a $206M net loss. Getty's debt totals $1.5B, with a failed merger and AI competition impacting its business. Koch Equity Development will invest $533M. Trading was suspended after shares fell to 12 cents.