$CLBZ

CSL and Alentis have formed a $1.55bn collaboration to develop lixudebart, a monoclonal antibody for rare diseases. CSL will pay $355m upfront and up to $1.2bn in milestones. The drug targets AAV-RPGN, FSGS, and PSC, with CSL funding trials. Profits will be split 55% to CSL, 45% to Alentis.

Jae Tips, a Bronx-born creative, unveiled his Nike Air Bakin Low 'Savior' collaboration at ComplexCon. The sneaker features a purple suede upper, black ridges, and light blue Swooshes, inspired by a custom Yankees cap. It includes personal design elements and is expected to launch in early 2027. Nike has not yet announced an official release date.

Nike SB releases the Air Force 1 City Pack, featuring limited-edition collabs with skate shops. The Instant Skate Shop version, with a black and blue design, will launch October 9, 2026, exclusively at Instant and online. A similar pair without the Instant logo will be available globally.

Tencent's Timi and Capcom will launch Monster Hunter Outlanders on October 29, with a China release planned for 2027. The mobile game features hunting, crafting, and exploration. Pre-registration is open. Timi is known for Honor of Kings and Call of Duty Mobile.

The Gates Foundation extended funding for AN2 Therapeutics' TB research collaboration with GSK, focusing on boron-based LeuRS inhibitors. AN2 and GSK aim to develop new TB treatments, with AN2's platform showing promise in targeting challenging infectious diseases. The funding reflects progress and the potential of the research, according to the companies.

Indivior Pharmaceuticals ended its collaboration with Addex Therapeutics on positive allosteric modulators (PAMs) ahead of its merger with Supernus. Indivior returned all PAM assets to Addex, which plans to explore strategic options for advancing its GABAB receptor portfolio. Indivior had previously discontinued another collaboration in April. The merger with Supernus is expected to create a new CNS-focused biopharma.

Wild Bioscience (Wild Bio) and Oracle have partnered to advance agricultural resilience and crop-based carbon removal using AI. Wild Bio will use Oracle Cloud and IoT tech for field research, focusing on crop productivity and carbon dioxide removal. Oracle's tech will capture and analyze field data to inform Wild Bio's research. The collaboration supports Oracle's sustainability goals, including net-zero emissions by 2050.

Shein's shares fell 10% on investor concerns, now valued at $24B. The FTC sued Amazon, alleging it overcharged advertisers by $20B, with 22 states joining. Amazon denies the claims. Nissan and Honda will collaborate on vehicle software, targeting 2029. The EU designated ChatGPT as a 'very large online search engine' under the Digital Services Act.

Foot Locker and Nike are renovating a Los Angeles Crenshaw store into “The Crenshaw Rec,” opening Aug. 22. The concept includes exclusive Nike-owned brand releases, local label drops, and amenities such as an open gym and year-round programming. Foot Locker says the store supports its “Fast Break” turnaround under DICK’S Sporting Goods, which reported double-digit sales growth at mature stores.

Birkenstock reported third-quarter ended June 30 results: profit 109.6 million euros, down 15.2%, on revenue up 13.3% to 719.5 million euros. Adjusted EBITDA margin was 33.7%. CEO Oliver Reichert cited demand for open-toe and expanding closed-toe styles, including Repetto and other ballet-related collaborations. Birkenstock raised fiscal 2026 outlook to 15% revenue growth and adjusted EBITDA of at least 710 million euros.