Ghana, the world’s second-largest cocoa producer, raised its 2026-27 farmgate price by 2.4% to 42,400 cedis a ton to ensure farmers earn at least 70% of the free-on-board export value. Neighboring Ivory Coast kept its price unchanged earlier this month at $2,084 a ton. Cocoa futures are trading at around $5,600 per ton, nearly double the level when Ivory Coast set its price, underscoring continued supply tightness in West Africa.

GMO said the supply of publicly listed US stocks is growing at about 5% a year, with SpaceX stock sales accounting for roughly 1% of the market’s total value. The firm estimated that OpenAI and Anthropic, which are expected to list in the near future, together represent about 5% of the market’s investable capitalization. That pace contrasts with a historical pattern of equity supply shrinking by 1% per year, and could dampen US stock returns by about 20% over the next year and a half, GMO wrote in a report.

U.S. stocks closed modestly higher on Friday, with the Dow up 177 points and the S&P 500 gaining 0.2% as technology shares led. Qualcomm and Dell rose more than 5%, while Akamai jumped 7.3% after agreeing to an $11.6 billion multiyear deal with Anthropic. Oil prices eased from recent highs, though Brent crude stayed above $100 as U.S. and Iranian negotiators explored a phased path to end the conflict. The 10-year Treasury yield hovered around 5.2%, and a University of Michigan survey showed one-year inflation expectations rising to 4.6%.

Microsoft shares rose 4% to $517.48 after the company rolled out a major overhaul of its Copilot workplace assistant. The update adds new features including Home, Code and Autopilot, aiming to strengthen AI capabilities amid competition. Microsoft is also focusing on enterprise customers to help optimize management of AI spending.

MGM Resorts has submitted an acquisition bid for Barry Diller’s People Inc. After the news became public, People Inc. shares rose about 10% in early trading on Friday.

U.S. stocks opened higher on Friday, with the Dow Jones Industrial Average, the Nasdaq Composite and the S&P 500 all in the green. Oil prices retreated on news that the U.S. and Iran were discussing a phased approach to reopening the Strait of Hormuz, with Brent crude sliding toward $106 a barrel and West Texas Intermediate falling below $94. The move in crude helped ease market worries about supply disruptions.

Tesla has started volume production of its Semi electric truck at a dedicated factory in Nevada, saying the site can build 50,000 trucks per year across Standard, Long Range and a European-spec variant. The company says its Semi fleet has logged over 98% uptime so far in 2026 and can recover up to 60% of range in 30 minutes using a Megacharger. It also points to operating economics, with diesel fuel costs rising to roughly $0.80 per mile while electricity remains in the $0.20 to $0.30 range.

Microsoft has introduced a Copilot “super app” that consolidates AI chat, task tools and coding into a single interface for business users, alongside a new Autopilot feature that adds agent-like capabilities. Autopilot will begin with limited user testing, and a broader rollout will depend on how testers rate the tools. The coding tool is set to reach Microsoft 365 Premium and Pro subscribers via a test program later this year. In July, Microsoft said Microsoft 365 Copilot had surpassed 30 million paid seats, with net seats added doubling quarter over quarter.