China's benchmark coke futures advance over 3%, extending rally

SpaceX IPO set to clear way for mega-offerings, risks market integrity – Bloomberg

SpaceX's initial public offering is set to clear the way for other mega-offerings but also risks threatening the integrity of the market itself, according to Bloomberg.

China releases footage of navy confronting Dutch frigate near Paracel Islands. PLA says it deployed warships, J-16 fighters and electronic interference after Dutch vessel entered claimed waters and launched helicopter.

China released footage of its navy and air force confronting a Dutch frigate near the Paracel Islands, which China controls but other actors contest. The PLA said it dispatched warships and J-16 fighters, issued warnings, and used electronic interference after the Dutch vessel entered what China claims as sovereign waters and launched a helicopter into contested airspace.

Akeso lung cancer drug extends survival 15% over immunotherapy in China trial, Reuters reports. The bispecific antibody outperformed standard treatment in a Phase 3 study.

Akeso Biopharma's lung cancer drug demonstrated a 15% improvement in overall survival compared to immunotherapy in a China-based trial, according to Reuters.

ECB's Schnabel says central bank can no longer look through inflationary impact of war in Iran as price pressures spread beyond energy

European Central Bank Executive Board member Isabel Schnabel stated that the ECB can no longer disregard the inflationary effects of the war in Iran, as price pressures are expanding beyond the energy sector.