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U.S. retail sales dropped 0.6% in July, missing expectations and marking the largest single-month decline in over a year. Meanwhile, Bill Ackman's Pershing Square executed its largest portfolio overhaul in years, adding stakes in Netflix, Visa, and others, citing market dislocation as an opportunity to buy below intrinsic value. Additionally, Tesla is preparing to reveal a redesigned next-generation Roadster at SpaceX's Texas facility, potentially featuring a limited-edition version with hovering capabilities.