Business & Markets — September 1, 2026

Shein shares fall in Hong Kong debut. Shein fell as much as 10% Tuesday in its Hong Kong stock market debut at a $26 billion valuation, roughly a quarter of the fast-fashion retailer's 2022 peak.

The Guardian reported the Hong Kong listing followed unsuccessful efforts by the company to go public in New York and London, making Tuesday's debut the culmination of a prolonged search for a stock exchange. The $26 billion figure marks a steep decline from the valuation the retailer commanded three years earlier, underscoring how much investor appetite for the company has cooled since 2022.

The Guardian World · Read more →

Trump strikes drug pricing deals with nine drugmakers. The administration announced Monday pricing agreements with nine midsized drugmakers, extending its push to link U.S. drug prices to cheaper prices abroad.

According to CNBC, the agreements add nine more companies to a growing list of drugmakers that have reached pricing arrangements with the administration, indicating earlier deals preceded Monday's announcement. The strategy centers on tying what Americans pay for medicines to the lower prices charged in other countries, and the expansion to midsized firms suggests the effort is moving beyond the industry's largest players.

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FTC sues Amazon over ad pricing. The FTC and 22 states filed suit Monday alleging Amazon secretly overcharged advertisers by more than $20 billion since 2019 through a hidden auction surcharge; Amazon shares slipped.

Amazon disputes the allegations, saying the FTC "misunderstands" how its advertising market operates, according to the BBC. The complaint, joined by nearly half of U.S. states, centers on claims that the surcharge was applied without advertisers' knowledge over a roughly six-year period beginning in 2019. The case adds to federal antitrust scrutiny of the company's advertising business, a significant revenue source.

BBC World · Read more →