Trade & Consumer Impact: The US and China released reciprocal tariff-cut lists covering about $30B each, with cuts aimed at “non-sensitive” goods—US lists include household items and appliances (plus toys and Christmas décor), while China’s covers US agriculture, personal care, timber, coal and medical equipment—expected to ease costs for shoppers and boost bilateral trade. FMCG Demand Watch: NielsenIQ says India’s FMCG growth moderated in the June quarter, with rural volumes down 5% and weakness spreading across more categories, not just a few. Packaging & Materials: Pregis expanded barrier packaging with a metallised PE film designed to replace older metallised substrates while improving recyclability credentials. Beauty Retail Moment: Shoppers Drug Mart set a Guinness World Records title at its National Beauty Conference with 673 Beauty Managers filling brows simultaneously, using Quo Beauty products. Regulation: The EU’s updated anti-greenwashing rules (EmpCo) tighten how companies can market environmental claims, banning vague “green/eco-friendly” language and requiring verified plans. Supply Chain Safety: IATA warns undeclared dangerous goods in air cargo are rising, driven by e-commerce growth and lithium battery use in consumer products. Corporate Moves: Wilson Sonsini hired Jennifer Liu as a Hong Kong capital markets partner, and Clifford Chance named IP leader Jonathan Chu as Asia-Pacific head.