Would Apple buy Disney?

• Price pressures continued cooling: The consumer-price index, a measure of goods and services prices across the economy, rose a mild 0.2% in July, the same as in June. (WSJ)
  

• Weight loss drug soaring demand: Novo Nordisk (NOVO) is struggling to keep pace with the soaring demand for its obesity drug Wegovy as raises its profit outlook for the second time this year. (Forbes)
  

• Amazon scraps private label clothing brands: In an effort to cut costs and address antitrust scrutiny, Amazon (AMZN) has decided to eliminate 27 of its 30 in house-label clothing brands. (Yahoo)
  

• WeWork gets meme-stock treatment: WeWork (WE) leaped by a record 43%, after earlier soaring as much as 153%, just days after the co-working space provider warned that it may have difficulty staying solvent. (Bloomberg)
  

• Mortgage rates rise for the third week in a row: The 30-year fixed-rate mortgage averaged 6.96% in the week ending August 10, up from 6.90% the week before, according to data from Freddie Mac. (CNN)
  

• Solar energy IPO pending: Dutch solar firm Esdec Solar Group, supported by Blackstone (BX), is contemplating a US IPO that could peg its valuation at over $5 billion. (Investing)
  

• Uber supported robots go public: Serve Robotics, the autonomous sidewalk delivery robot startup that spun out of Uber’s acquisition of Postmates, is going public via SPAC. (Techcrunch)
  

• News Corp hints at AI: Rupert Murdoch’s News Corp (NWSA) swung to a loss with revenue down 9%; CEO says the company is in talks with AI companies to establish the value of its content. (WSJ)
  

• Would Apple buy Disney?: Rumors are swirling that with Bob Iger back at the helm, Disney (DIS) is setting itself up to be acquired by Apple (AAPL) which is sitting on $62 billion in cash. (THR)

• President Biden blasted China’s economic problems as a “ticking time bomb” and referred to Communist Party leaders as “bad folks” (Daily Post)

• The local-news crisis is weirdly easy to solve (The Atlantic) 

• UPS CEO says drivers will average $170k in pay and benefits (CNBC)

• The average Manhattan rent just hit a new record of $5,588 a month (CNBC)

• Biden asks Congress for billions more in Ukraine funding (Axios)

• Ecuador presidential candidate Villavicencio assassinated (Reuters)

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