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June 30th - It was learned today that, to further promote the inheritance and innovative development of traditional Chinese medicine (TCM), four national standards in the field of TCM, proposed and managed by the State Administration of Traditional Chinese Medicine and approved by the State Administration for Market Regulation (National Standardization Administration), namely, *Basic Theory and Terminology of Traditional Chinese Medicine*, *Diagnostic Vocabulary of Traditional Chinese Medicine Part 1: Tongue Appearance*, *Diagnostic Vocabulary of Traditional Chinese Medicine Part 2: Pulse Appearance*, and *Quality Control Standards for Clinical Research in Traditional Chinese Medicine*, will be implemented from July 1st. The *Quality Control Standards for Clinical Research in Traditional Chinese Medicine* is the first national standard in the field of TCM clinical research, establishing four main contents around the entire clinical research process. The four standards released this time each have their own focus, concentrating on three key areas: basic theory, diagnostic vocabulary, and clinical research. They take into account both the inheritance of traditional connotations and the needs of modern application, addressing long-standing industry problems such as inconsistent TCM terminology and an imperfect quality control system for clinical research, and are conducive to improving the standardization, scientification, and internationalization of the TCM industry.On June 30th, Maybank analysts pointed out that the yens break above the 162 level against the US dollar has triggered intervention risks, as this level is considered a critical threshold for potential official action. In their report, they wrote that it is currently unclear whether intervention is imminent or underway, but officials have consistently issued warning statements. Maybank is closely monitoring the potential for sharp exchange rate fluctuations accompanying intervention, noting that Japan has ample "ammunition" in the form of deposits and securities, far exceeding the scale of the previous intervention which cost approximately US$74 billion. "Currently, we are watching whether the currency pair can hold the 162.00 level in the short term; if it breaks through, the next resistance level is at 164.00." Maybank set support levels at 158.00 and 155.00.Local media reported that a fire broke out at the Hardia oil refinery in India, the cause of which is still unknown.On June 30th, Cainiao officially launched its "Customized End-to-End Logistics Solution for Technology Going Global," providing end-to-end, customized logistics services for the global expansion of technology companies in areas such as AI computing power, intelligent manufacturing, and robotics. It is understood that Cainiao has identified AI computing power, intelligent manufacturing, high-end equipment, and robotics as key service areas for its cross-border logistics, and will continue to expand its dedicated logistics product portfolio for technology going global.On June 30th, South Korean media outlet The Bell reported on the 26th that Samsung Electronics is accelerating its development of the 1.4nm (SF1.4) process node. This advanced process was initially planned for mass production in 2027, but due to a shift in the focus of its foundry business, mass production has been postponed to 2029. The report indicates that Samsung Electronics recently shared its SF1.4 process solutions with major semiconductor equipment companies such as Applied Materials and Lam Research, hoping to achieve upstream and downstream collaboration and accelerate the development of the most suitable equipment combination for this node, including customized versions of standard equipment. Samsung Electronics has already acquired High NA EUV lithography patterning equipment from ASML, which is deployed in the NRD-K semiconductor R&D complex. For Samsung Electronics, the High NA EUV lithography machine is expected to be used in production at the SF1.4 node as early as possible.

BlackRock’s Fink says there may have been misbehaviors at FTX

Skylar Shaw

Dec 01, 2022 15:10

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Despite there appears to have been some improper behavior at the cryptocurrency startup FTX, BlackRock's Chief Executive Officer Larry Fink stated on Wednesday that the technology underlying cryptocurrencies is still important today.


We'll have to wait and see how everything turns out (with FTX). At a New York Times Dealbook event, Fink said, "I mean, right now we can make all the judgment calls and it appears like there were misbehaviors of big implications." He added that BlackRock invested $24 million in FTX through a fund of funds it administers.