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GameStop (GME) CEO Cohen hit back at eBay's (EBAY) rejection of his USD 56bln long-shot bid to buy the online marketplace, doubling down on threats to launch a hostile takeover, according to FT

Cohen's insistence on a hostile takeover of eBay signals a strong commitment to expanding GameStop’s footprint in e-commerce, despite the challenging reception from eBay's board.

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[MARKET UPDATE] Asia-Pac stocks take impetus from the mostly positive lead from Wall St, where markets gradually brushed aside the firmer-than-expected PPI data and rebounded amid strength in tech and comms, while all focus turns to the Trump-Xi summit

India bans sugar exports until September 30th this year, according to a government notice

GameStop (GME) CEO Cohen hit back at eBay's (EBAY) rejection of his USD 56bln long-shot bid to buy the online marketplace, doubling down on threats to launch a hostile takeover, according to FT

Japanese Money Supply M2 YY (Apr) 2.3% (Prev. 2.0%)

Japanese Foreign Bond Investment (May/02) 1640.7 (Prev. -887.7)

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This move might stir volatility in both companies’ shares and raise questions about regulatory hurdles or strategic responses from eBay, making it crucial to monitor reactions in the retail sector and broader market sentiment.

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