Regulatory & Market Shock: Europe is one step closer to a feline leukemia vaccine as the EMA recommends Merck Animal Health’s self-amplifying RNA Nobivac NXT for EU market authorization. Corporate Earnings & Capital Moves: Aristocrat Gaming posted strong first-half results, with 19% EPSA constant-currency growth and more share gains, while returning cash to shareholders and expanding buybacks. Liquidation Watch: Elme Communities’ property sales are dragging down expected payouts as the DC market stays soft. Energy & Inflation Pressure: Oil-market risk remains tied to Strait of Hormuz disruptions, while fresh US inflation heat keeps investors nervous—setting the tone for choppy trading. Small Business Squeeze: Bay Area firms are feeling inflation’s bite, and Canada reports retail crime up sharply, hitting small operators hard. Local Enforcement: Tokha, Kathmandu cracked down on 46 businesses over permits, pricing lists, and hygiene. Payments & Retail Tech: JPMorgan filed for a tokenized Ethereum money-market fund, and 365 Retail Markets bought Cantaloupe to expand unattended retail. Agribusiness Deal: FMC agreed to sell its India crop protection business for $252m.