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Finance

Fintech firm Mercury clears U.S. OCC hurdle, speeds push to launch own bank

U.S. fintech firm Mercury has received conditional approval from the Office of the Comptroller of the Currency for its national bank charter application, moving it to the next stage of launching Mercury Bank. The company said it will keep working with regulators to meet remaining requirements. Mercury is also seeking federal deposit insurance from the FDIC and plans to apply to the Federal Reserve to convert into a bank holding company.

Mobility

Tesla Semi begins mass production after 9 years, signalling truck market shake-up

Tesla shipped the first Semi truck from a new high-volume production line at Gigafactory Nevada, moving its long-delayed electric truck programme into commercial production. The company confirmed mass production at a dedicated 1.7 million-square-foot plant. The Semi shifts to planned output of 50,000 units a year, with 325-mile and 500-mile versions. Tesla is also expanding Megacharger sites and drawing strong early demand in California voucher applications.

Games & Commerce

KakaoGames seeks turnaround with seven new titles, expands beyond mobile to PC and consoles

KakaoGames plans to pursue a turnaround with a two-track strategy of rolling out 7 new games from this year through next year while continuing to operate its existing live-service titles. Its new lineup aims to move beyond a mobile-focused structure by expanding to PC and console platforms and increasing its focus on global markets. The company also plans to sustain launch momentum on the back of stable revenue from live games and regular updates.