Dow Jones reports that the U.S. government has taken a stake in Intel, prompting a waiver of certain CHIPS Act requirements. As a result, the company no longer needs to meet some project milestones or adhere to certain workforce policies, among other conditions. The bulletin also notes Spirit Airlines has filed for chapter 11 for the second time in a year after a prior reorganization failed to resolve its problems. Discount retailers are seeing strong sales as shoppers hunt for value, while Kraft Heinz is nearing a potential breakup that could separate its grocery business and sauces, possibly as soon as next week.
The roundup covers several corporate transactions and risks. DuPont plans to sell its Kevlar and Nomex business to Arclin, though the reported price in the bulletin is not stated. PepsiCo is boosting its stake in Celsius Holdings in a deal whose value is not stated. Food-safety concerns surfaced with more shrimp recalled from Kroger and Walmart over potential cesium-137 contamination linked to products processed by Indonesian company BMS Foods. The summary also highlights that U.S. tariffs on India appear to avoid targeting the country’s largest buyer of Russian oil, noting Reliance Industries accounts for about a third of those imports.
Technology and market developments feature prominently. Alibaba has created an Artificial Intelligence chip intended to help China fill a gap left by Nvidia, with Chinese chip companies and Artificial Intelligence developers expanding homegrown technology under government support. Whitney Wolfe Herd of Bumble says Artificial Intelligence could reshape relationships and dating. BYD reported a first-half profit rise with narrower margins and concerns about meeting full-year sales targets. Cambricon Technologies warned of trading risks after its stock surged and briefly overtook a major rival as China’s most valuable stock. The items are provided by Dow Jones Newswires and are timestamped Aug 29, 2025, 19:15 ET (23:15 GMT).
