news

Sunday, August 30

World

US strikes Iran for first time in weeks in attack on rocket launchersFT · 13m
U.S. Strikes Two Iranian Rocket Launchers in First Attack in WeeksWSJ · 51m
Ukraine’s ex-defence minister touts ‘new history’ in war against Russia with planned tech fundFT · 1h
Brexiters’ effort to resettle Chagos Islands hit by lack of proper boatFT · 2h
Opinion | Trump Takes the Oil in VenezuelaWSJ · 2h
Opinion | Trump’s Great White Whale: CanadaWSJ · 2h
Big Tech profits get $160bn boost from gains on stakes in other AI companiesFT · 3h
Opinion | America’s Systemic Munitions ShortfallWSJ · 3h
Niger regains control of military base after coup attemptFT · 4h
Canadian Small Businesses to Bear Brunt of New U.S. TariffsWSJ · 4h
Return of the politiciansFT · 5h
Nepal rescue effort intensifies with more than 3,000 missingFT · 5h
Opinion | Trump’s New Iran Sanctions Put China on NoticeWSJ · 5h
Americans feel they have lost their agencyFT · 7h
Young Women Bear the Brunt of India’s Anti-Protester VitriolWSJ · 7h
Opinion | The High Cost of Cheaper StealWSJ · 7h
Claridge’s operator bets on US and UK visitors to offset Middle EastFT · 7h
Opinion | Kyiv and George WashingtonWSJ · 7h
Icelanders Reject EU-Membership TalksWSJ · 7h

Icelandic voters have turned down proposals to begin talks on European Union membership, the national broadcaster reported. The decision came as the public weighed the country’s security outlook following former U.S. President Donald Trump’s remarks that he would like to acquire Greenland. Officials said the poll reflected concerns about how EU accession might affect Iceland’s strategic position in the North Atlantic, especially in light of the heightened attention to the region sparked by Trump’s comments. No further steps toward negotiations are planned at this time.

Iceland rejects talks on EU entryFT · 8h

Iceland’s electorate voted “No” in a closely contested referendum, leading the government to reject any reopening of talks on the country’s entry into the European Union. The vote, described as knife‑edge, was said to have been prompted by former U.S. President Donald Trump’s threats to annex Greenland, which heightened public concerns about the nation’s strategic direction. As a result, Iceland will maintain its current stance on EU accession negotiations.

Burnham tightens prisoner release scheme and insists he is ‘tough on crime’FT · 9h
Controversial Venezuelan executive courts investors after Trump oil dealFT · 10h
Friends with fiscal benefitsFT · 11h
Will the Fed’s hawkish stance survive contact with jobs data?FT · 11h
Putin Turns Again to China’s Xi as Russia’s Clout CrumblesWSJ · 11h

Russian President Vladimir Putin and Chinese President Xi Jinping are scheduled to meet on Monday in Kyrgyzstan. Observers note that the changing influence of both leaders will dominate discussions at the summit. The encounter comes as Russia’s international standing appears to be waning.

Nearly 770 Dead in Devastating Nepal, Tibet FloodsWSJ · 11h
‘New York loves Canada’: US cities want their Canadian tourists backFT · 12h
Pharma stocks soar as investors seek AI alternativesFT · 12h
One of Asia’s Most Liveable Cities Tackles a New Threat: CicadasWSJ · 12h

Singapore, long celebrated for its ruthless efficiency, is now confronting an unexpected nuisance: a massive influx of cicadas. Officials report that tens of thousands of the loud, clumsy insects have appeared, presenting a new challenge for the city‑state’s typically well‑ordered environment. While the government’s track record suggests a swift response, the sheer volume of the bugs has tested its capacity to maintain the usual standards of order and comfort. The situation highlights how even highly organized urban centers can be unsettled by natural phenomena.

CEO of India’s largest private bank to step downFT · 16h
Nicotine pouch sales jump in UK as companies step up marketingFT · 18h
Burnham’s summer of quietly backing away from radical pledgesFT · 18h
One fix for UK plc’s underperformance: equity for allFT · 18h
Summer might be ending, but we can hold on to some of its magicFT · 18h
Rising bond yields add tens of billions to G7 countries’ debt costsFT · 18h
EU to help tourism hotspots crack down on Airbnb-style holiday rentalsFT · 18h
The companies desperate to hire graduatesFT · 18h
The Gazan amputees turning to footballFT · 18h
Russia Is Bombarding Europe With a New Wave of ‘Gray Zone’ AttacksWSJ · 19h

NATO member states say Russia is intensifying “gray‑zone” attacks across Europe. The shift follows what officials describe as Moscow’s growing appetite for conflict as it encounters setbacks in the war with Ukraine. The pattern is being closely monitored by alliance leaders.

The ICC Tried to Take On the World’s Big Powers. Now It’s Fighting for Survival.WSJ · 20h

The International Criminal Court is confronting heightened geopolitical pressure after it opened investigations involving senior officials from Israel and Russia. The court’s actions have drawn criticism from the two nations and sparked broader debates over its jurisdiction and political independence. As a result, the ICC now faces questions about its future viability amid growing tensions with major world powers.

Inside Trump’s Plan to Give the Pentagon a Stake in Venezuela’s Oil RichesWSJ · 22h

President Donald Trump announced a deal that would give the U.S. Pentagon a stake in Venezuela’s oil reserves, concluding months of secretive negotiations. The agreement is described as granting the United States rights to a portion of some of the world’s largest proven oil reserves. Media reports note that the plan would provide the United States with a significant share in a Venezuelan oil venture, which officials have called the “biggest oil deal in history.” The announcement has been covered by multiple outlets, including AP News, The Washington Post, MS NOW, Yahoo News Singapore, inkl and Livemint.

Business

Ukraine’s ex-defence minister touts ‘new history’ in war against Russia with planned tech fundFT · 1h
Opinion | Trump Takes the Oil in VenezuelaWSJ · 2h
Big Tech profits get $160bn boost from gains on stakes in other AI companiesFT · 3h
Treasury Bars Some Reporters From G20 Finance MeetingNYT · 6h
Aon Nears Roughly $17 Billion Deal for Insurance Brokerage USIWSJ · 6h
Trump Says U.S. Struck Deal for Control of More Than 65 Billion Barrels of Venezuela’s OilNYT · 7h

President Donald Trump announced that the United States has reached an agreement with Venezuela that gives the two countries control over more than 65 billion barrels of Venezuelan oil reserves. He said the deal covers the extensive reserves and will be implemented through a partnership that includes a private company, according to a U.S. official who briefed the press. The official did not disclose the name of the private firm or provide further details about the terms of the arrangement. No additional information about the timeline or operational aspects of the partnership was released.

These Tanks Can Hold 90 Million Barrels of Oil. They Have Just 22 Million.NYT · 7h
Americans feel they have lost their agencyFT · 7h
U.A.E. To Review Banque Misr, Targeted by Iran SanctionsNYT · 7h
Claridge’s operator bets on US and UK visitors to offset Middle EastFT · 7h
Car Sunroofs Keep ‘Spontaneously’ Exploding—and the Problem Is Getting WorseWSJ · 8h
Car Sunroofs Keep ‘Spontaneously’ Exploding—and the Problem Is Getting WorseWSJ · 8h
Controversial Venezuelan executive courts investors after Trump oil dealFT · 10h
Meta’s settlement is a starting pointFT · 10h
The World’s Drinks Order Is In. Distillers Were Expecting More.WSJ · 10h
A Mortgage Servicer Sent a Letter About an Address Change. Was It Deed Theft?NYT · 10h
The College Enrollment Crisis Is Coming for Bigger SchoolsWSJ · 11h
The Midwestern Burger Chain That’s Going Full MAGAWSJ · 11h

Steak ’n Shake, a Midwestern burger chain, has drawn notice for what observers describe as a shift toward a “full MAGA” stance. The company’s latest strategy centers on menu changes that emphasize beef tallow and grass‑fed beef. Management says the move is intended to attract diners and lift sales, banking on consumer interest in these ingredients. The approach reflects an effort to reposition the brand amid competitive pressures in the fast‑food market.

The Midwestern Burger Chain That’s Going Full MAGAWSJ · 11h

Steak ’n Shake, a Midwestern burger chain, has drawn notice for what observers describe as a shift toward a “full MAGA” stance. The company’s latest strategy centers on menu changes that emphasize beef tallow and grass‑fed beef. Management says the move is intended to attract diners and lift sales, banking on consumer interest in these ingredients. The approach reflects an effort to reposition the brand amid competitive pressures in the fast‑food market.

‘New York loves Canada’: US cities want their Canadian tourists backFT · 12h
Pharma stocks soar as investors seek AI alternativesFT · 12h
A Texas Banking Billionaire and His Children Are Locked in a Bitter Succession DramaWSJ · 12h

Billionaire Gerald J. Ford and his children are engaged in a contentious battle over control of Hilltop Holdings, the $2 billion financial‑services firm the family built. The dispute, described as a bitter succession drama, pits the founder against his offspring as each side seeks to influence the company’s leadership and future direction. Hilltop Holdings, headquartered in Texas, has become the focal point of the family’s internal struggle, with the outcome likely to shape the firm’s governance and ownership structure. No resolution has been reported as the parties continue their fight for control.

A Texas Banking Billionaire and His Children Are Locked in a Bitter Succession DramaWSJ · 12h

Billionaire Gerald J. Ford and his children are engaged in a contentious battle over control of Hilltop Holdings, the $2 billion financial‑services firm the family built. The dispute, described as a bitter succession drama, pits the founder against his offspring as each side seeks to influence the company’s leadership and future direction. Hilltop Holdings, headquartered in Texas, has become the focal point of the family’s internal struggle, with the outcome likely to shape the firm’s governance and ownership structure. No resolution has been reported as the parties continue their fight for control.

The Case of the Truly Incorrigible Cubicle YakkerNYT · 13h
Help Wanted: ‘Forward-Deployed’ Humans for the A.I. EraNYT · 13h

Start-ups are borrowing the military phrase “forward‑deployed” to describe roles that involve direct interaction with customers. The terminology is being used to cast customer‑facing positions in a more heroic light as businesses look for staff to assist clients in installing and configuring artificial‑intelligence applications. Companies say the label reflects the on‑site, proactive support required to integrate AI tools into client operations. The trend highlights a shift in hiring language as the AI sector expands.

Pennsylvania Gambling Addicts Hope that ‘Skill Games’ Will Go BustNYT · 13h
CEO of India’s largest private bank to step downFT · 16h
Incoming Swiss banking chief warns against regulatory over-reachFT · 18h
Anglo Teck up against Glencore’s ‘hardball’ negotiators to deliver merger gainsFT · 18h
Nicotine pouch sales jump in UK as companies step up marketingFT · 18h
One fix for UK plc’s underperformance: equity for allFT · 18h
‘SmashCos’: Europe’s oil majors create new generation of independent companiesFT · 18h
Norway vs the world’s favourite chickenFT · 18h
The Dutch city where Europe’s electricity grid crunch hits homeFT · 18h
Grindr bets wealthy gay men will pay more to find the right matchFT · 18h
Prediction Markets and States Clashed, Setting Off a Furious Political BattleNYT · 20h

A legal dispute over the future of prediction‑market platforms such as Kalshi and Polymarket has escalated into a broader political confrontation. The case has drawn the involvement of the Trump administration, the president’s son, and the attorneys general of nearly every state. The clash reflects deep divisions over how these markets should be regulated and the role of federal and state authorities in overseeing them.

The search for Air India crash answersFT · 21h
Inside Trump’s Plan to Give the Pentagon a Stake in Venezuela’s Oil RichesWSJ · 22h
Inside Trump’s Plan to Give the Pentagon a Stake in Venezuela’s Oil RichesWSJ · 22h
SpaceX and Rivals Dodge Traffic as Satellites, Debris Crowd Low-Earth OrbitWSJ · 22h

SpaceX and other satellite operators are navigating increasingly crowded low‑Earth orbit as the number of man‑made objects, including satellites and debris, continues to grow. The congestion is prompting concerns about the risk of collisions in the region. Industry participants are adjusting flight paths to mitigate the potential hazards.

Trump’s Venezuelan Oil Deal Relies on a Powerful and Divisive PartnerNYT · 23h

The administration plans to work with a private Venezuelan oil company that maintains close ties to the government, a partnership described as both powerful and divisive. The arrangement, highlighted in recent reporting, underscores the reliance of the Trump administration on a partner whose influence in Venezuela is significant yet controversial. Officials have indicated that the deal will involve cooperation with this firm, emphasizing its strategic importance while acknowledging the contentious nature of its connections to the country's leadership.

US oil deal denounced by both sides of Venezuelan politicsFT · 23h

Both hard‑line supporters of President Nicolás Maduro and members of the Venezuelan opposition have condemned a newly announced oil agreement with the United States. The government’s hard‑liners describe the deal with former President Donald Trump as “looting” and a betrayal of the revolutionary project, while opposition figures denounce it as evidence of Washington’s interference in Venezuela’s internal affairs. The criticism from across the political spectrum highlights the contentious nature of the pact and the deep divisions over any cooperation with the United States.

Markets & Economy

US Treasury Bars Reporters From Several Outlets From G20 MeetingBBG · 44m
Japan’s NYK CEO on Alternative Routes Amid Iran WarBBG · 1h
Australian Dollar’s Top Forecasters Say Winning Run Likely OverBBG · 1h
Opinion | The Dollar’s Global Dominance Keeps America FirstWSJ · 2h
Big Tech profits get $160bn boost from gains on stakes in other AI companiesFT · 3h
Fed Rate Hike Speculation Grows, But Investors Remain SkepticalBBG · 3h
Opinion | Trump’s New Iran Sanctions Put China on NoticeWSJ · 5h
Bloomberg This Weekend 08/30/2026BBG · 6h
Aon Nears Roughly $17 Billion Deal for Insurance Brokerage USIWSJ · 6h
Pointed! Bloomberg's Weekly News Quiz For Risk-TakersBBG · 6h
Rep. Krishnamoorthi Warns Iran War Weakens US in AsiaBBG · 7h
How YouTube Filmmakers Are Reshaping Hollywood’s Talent PipelineBBG · 8h
Investors Bet on a Hair Loss Treatment BoomBBG · 8h
Shein’s $100 Billion Valuation Falls to $26 BillionBBG · 8h
Venezuela Oil Deal Raises Questions Over US RoleBBG · 9h
Gold Bulls Turn to Exotic Options, Spreads in ‘Orderly’ RallyBBG · 9h
BTW: Headlines You Should SeeBBG · 9h
India and Uzbekistan Seek $5 Billion in Bilateral Trade by 2030BBG · 9h
Iceland Rejects Restarting EU Membership TalksBBG · 9h
Dollar Debasement Backs Bull Case for Emerging Bonds, Funds SayBBG · 9h
NASA’s Roman Telescope Takes Aim at Cosmic MysteriesBBG · 9h
Controversial Venezuelan executive courts investors after Trump oil dealFT · 10h
The World’s Drinks Order Is In. Distillers Were Expecting More.WSJ · 10h
The College Enrollment Crisis Is Coming for Bigger SchoolsWSJ · 11h
German Finance Minister to Press G20 on Iran War, Trade FightsBBG · 11h
Pharma stocks soar as investors seek AI alternativesFT · 12h
A Texas Banking Billionaire and His Children Are Locked in a Bitter Succession DramaWSJ · 12h
Chinese Solar Giant Longi Reports Deeper Net Loss in First HalfBBG · 13h
Inside the Dangote Family: Core Lessons from Africa's Richest ManBBG · 15h
What’s the fiscal hit from higher yields?FT · 18h
Incoming Swiss banking chief warns against regulatory over-reachFT · 18h
Anglo Teck up against Glencore’s ‘hardball’ negotiators to deliver merger gainsFT · 18h
One fix for UK plc’s underperformance: equity for allFT · 18h
Rising bond yields add tens of billions to G7 countries’ debt costsFT · 18h
‘SmashCos’: Europe’s oil majors create new generation of independent companiesFT · 18h
Modi’s Developed-Nation Dream Strains Against India’s Growth GapBBG · 20h
‘A Roth IRA on Steroids’: Wealthy Americans Find Another Tax-Free Way to InvestWSJ · 22h
Most Insurers Invest for the Long Term. Mark Walter’s Did the Opposite.WSJ · 22h
‘A Roth IRA on Steroids’: Wealthy Americans Find Another Tax-Free Way to InvestWSJ · 22h
Day Traders Are Abandoning Korean Chip Leveraged ETFs in DrovesBBG · 22h
US oil deal denounced by both sides of Venezuelan politicsFT · 23h

Both hard‑line supporters of President Nicolás Maduro and members of the Venezuelan opposition have condemned a newly announced oil agreement with the United States. The government’s hard‑liners describe the deal with former President Donald Trump as “looting” and a betrayal of the revolutionary project, while opposition figures denounce it as evidence of Washington’s interference in Venezuela’s internal affairs. The criticism from across the political spectrum highlights the contentious nature of the pact and the deep divisions over any cooperation with the United States.

Tech

FirstFT: Big Tech profits get $160bn windfall from stakes in other AI companiesFT · 36m
Opinion | A New Look at the UniverseWSJ · 2h
Big Tech profits get $160bn boost from gains on stakes in other AI companiesFT · 3h
Americans feel they have lost their agencyFT · 7h
Meta’s Day of ReckoningWSJ · 7h
Meta’s settlement is a starting pointFT · 10h
Employers Are Making Job Candidates Jump Through Hoops to Prove They’re RealWSJ · 12h
Employers Are Making Job Candidates Jump Through Hoops to Prove They’re RealWSJ · 12h
Grindr bets wealthy gay men will pay more to find the right matchFT · 18h
SpaceX and Rivals Dodge Traffic as Satellites, Debris Crowd Low-Earth OrbitWSJ · 22h
SpaceX and Rivals Dodge Traffic as Satellites, Debris Crowd Low-Earth OrbitWSJ · 22h

Deal Flow

M&A / Strategic

US is in talks with Venezuela to take a major stake in oil fields2d
PE firm Advent and payments fintech Stripe abandoned their $50B take-private of PayPal2d

Private‑equity firm Advent and payments fintech Stripe have withdrawn their proposal to take PayPal private in a deal valued at about $50 billion. The abandonment ends the discussions that had been reported around the potential transaction. No further details on the parties’ next steps were provided.

UK consumer goods giant Unilever will sell its Colman's mustard brand to resolve antitrust concerns amid a $45B merger of its food business with McCormick2d
Solstice Advanced Materials and Element Solutions mutually terminated their $14.5B merger2d
Apollo will acquire a co-controlling stake in private jet fixed-base operator Atlantic Aviation from KKR at a $10B valuation2d

Apollo is set to acquire a co‑controlling stake in private‑jet fixed‑base operator Atlantic Aviation from KKR. The transaction values Atlantic Aviation at $10 billion. Under the deal, Apollo will obtain a share that gives it joint control of the company, while KKR will retain an ownership interest. The acquisition marks a significant investment in the business‑aviation services sector.

Quant hedge fund AQR is pursuing an appraisal arbitrage trade in Permira and Warburg Pincus' $8.4B LBO of investment and accounting software maker Clearwater Analytics2d
Anthropic almost acquired AI startup MatX for $7B2d
SoftBank is in talks to buy a majority stake in OpenAI-backed humanoid robot startup 1X Technologies at a $6B valuation2d
EQT raised its $3.7B tender offer for Japanese price comparison website Kakaku by a negligible < 0.01¢/share despite activist Oasis Management rallying against deal terms2d
Japanese trading house Itochu Corp. offered to buyout $3.4B-listed Japanese IT services and consulting firm Dentsu Soken in a cash deal2d
Canadian energy company Enbridge formed a JV with KKR and Apollo to invest $2B to expand its British Columbia natural gas pipeline system2d
Swedish miner Boliden agreed to acquire Brazilian holding company Votorantim's controlling stake in Brazilian zinc producer Nexa Resources2d
Chinese conglomerate Fujia Group is considering selling its majority stake in Hexie Health Insurance2d

Fujia Group, a Chinese conglomerate, is reportedly weighing a sale of its majority stake in Hexie Health Insurance. The consideration of the transaction has been noted without further details on timing, potential buyers or valuation. No official comment has been released by either company.

DigitalBridge Group, the data center PE firm being acquired by SoftBank, will acquire Australia's largest smart-meter provider PLUS ES from Ausgrid Group2d
Crypto custodian firm BitGo will buy NYDIG's institutional trading business2d
Rupert Murdoch plans to eventually merge Fox Corp and News Corp2d

Court documents indicate that Rupert Murdoch’s plan to eventually merge Fox Corp with News Corp may be revived, according to filings referenced by several media outlets. The prospect of a Fox‑News Corp reunion has prompted a decline in Fox Corp’s share price, while company officials have said no merger is currently under way. The renewed attention follows News Corp’s recent record‑quarter earnings report, which has spurred speculation about a possible re‑combination of the two Murdoch‑controlled entities. The filings and market reaction have been reported by Indian Television Dot Com, TIKR.com, idnfinancials.com, AD HOC NEWS and Whalesbook.

VC

Identity verification startup Socure raised a $156M series E extension at a $5.2B valuation led by Summit Partners and will acquire agentic compliance/risk operations platform Fravity2d

Socure, an identity verification startup, announced a Series E extension financing of $156 million that values the company at $5.2 billion. The round was led by Summit Partners. In conjunction with the funding, Socure said it will acquire Fravity, a platform that provides agentic compliance and risk‑operations capabilities. The acquisition is intended to broaden Socure’s product portfolio and strengthen its offering in compliance and risk management for its customers. The capital is expected to fund product development and international growth initiatives. No other terms of the deal were disclosed.

Chinese AI startup DeepSeek is set to raise $7.4B in a new funding round at a $74B valuation from Monolith, Shixiang Capital, CATL, and others2d
RQD* Clearing, a clearing and custody firm, raised $74 million in a minority investment led by Bain Capital Tech Opportunities2d
Metriport, an open-source healthcare data infrastructure company, raised $26M in new funding led by Matrix2d
CivilGrid, an underground infrastructure data platform, raised a $26M Series A led by Spark Capital2d
Atorie, an AI-powered fashion startup, raised a $9.5M seed round from a16z Speedrun, Night Capital, and Jeremy Liew of Lightspeed2d

Atorie, a startup that uses artificial intelligence to develop fashion products, announced the closing of a $9.5 million seed financing round. The round was led by a16z Speedrun and also included participation from Night Capital and Jeremy Liew of Lightspeed. The funding will be used to advance the company’s AI‑driven design and production capabilities.

IPOs / Listings / Issuances / Block Trades

Anthropic will publicly file for its potential $100B IPO after Labor Day2d
Dubai-based private aviation group Vista Global is considering raising $1B at a $10B valuation in a Switzerland or Italy IPO2d
German auto parts maker Mahle is reviving plans for a $300M-$400M India IPO of its Indian business2d
Indian advanced thermal engineering solutions Tempsens Instruments surged 110% in its trading debut after raising $68M in India IPO2d

Debt

Moderna plans to raise $2B in a convertibles sale2d
France's TotalEnergies may be reimbursed $1.3B for loans to sanctioned Russian LNG venture Arctic LNG 2 as part of the transfer of its 10% stake to a subsidiary of Russian operator Novatek2d
Australian iron ore miner Fortescue is considering raising $445M in a debut panda bond sale2d
Madison Dearborn Partners-backed wealth management platform Wealthspire raised $300M in a debut junk bond sale2d
Uplifters Foundation plans to build new $3M houses in the fire-impacted Pacific Palisades neighborhood in LA by selling $250M in munis2d
Indian resources conglomerate Vedanta plans raise $105M in a third local FX bond sale this year2d

Funds / Secondaries

Swiss PE firm Partners Group got a $1B private credit mandate from Indonesian SWF Danantara2d
Real estate credit manager BridgeInvest raised $610M for its flagship fund2d
Private markets investment firm Siguler Guff is considering raising $350M-$400M CV for four Indian portfolio companies2d
Permanent Capital Ventures raised $200M for its second fund2d

Reforma

Asesinan a subdirector de Tránsito de Escuinapa, SinaloaNacional · 2h
Rechaza Ebrard que escándalos afecten negociaciones con EUNacional · 4h
Conquistan Pacheco y Asefa la edición 43 del Maratón CDMXPortada · 7h
Comparte Maduro fotos desde la cárcel en EUPortada · 8h
Paga 3.5 veces más por helicóptero Gobierno de QRPortada · 11h

El Gobierno del estado de Quintana Roo, bajo la administración de la gobernadora Mara Lezama, adquirió un helicóptero Bell 429 GlobalRanger por un valor de 440 millones. Según la información disponible, el precio de fábrica de esa aeronave es de 145 millones, lo que sitúa el costo de la compra en torno a tres veces y media el precio original. La diferencia entre ambos montos ha sido señalada por diversas fuentes como un indicador de un sobrecosto en la operación. No se han publicado detalles adicionales sobre los motivos de la diferencia de precios ni sobre los términos del contrato.