Writing the summary…
Senate advances college sports bill aimed at regulating NIL deals
Source: CNBC
Original reporting
CNBC: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories
CNBC
Oil extends gains as Middle East supply concerns persist
The U.S. and Iran are reportedly talking separately to mediators as part of renewed efforts to end the conflict, with regional mediators pushing for ceasefire negotiations.
CNBC
Samsung to inject $1 billion into Nvidia- and KKR-backed AI infrastructure firm
Samsung Electronics and its five affiliates are investing $1 billion in KKR-launched Helix as the group expands its push into global AI infrastructure.
CNBC
Luckin Coffee, flush with investor cash, weighs entry into Middle East markets
Luckin is weighing a push into Middle East markets while deepening its foothold in Southeast Asia, with backing from sovereign wealth funds in both regions.
BBC Business2 outlets
Burnham to unveil public body to invest in electricity grid
The prime minister will say he wants to reduce energy costs in his first conference speech as Labour leader.
CNBC
OpenAI abandons plan to release upcoming model as safety concerns escalate
The heads of OpenAI and rival Anthropic have both indicated recently that top AI labs should slow the pace of model development.
BBC Business
Warning more homes will be uninsurable due to flood risk
Aviva boss Amanda Blanc said England was "for sure" building homes that might be uninsurable at some point in the future.