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Real-time News
July 7th news, as Tesla (TSLA.O) CEO Musk announced the establishment of a new political party "American Party", investment company Azoria announced last Saturday that it would postpone the launch of the Tesla-based ETF "Azoria Tesla Convexity ETF". According to reports, Azoria was originally scheduled to launch the ETF this week, which was scheduled to invest in Teslas stocks and options, providing investors with financial products related to the electric car giant. However, Musks political actions made Azoria believe that the timing was unstable and decided to postpone the listing plan. Azoria CEO Fishback pointed out that since Musk announced his withdrawal from the leadership of the Government Efficiency Department in May, the outside world has been uneasy about his focus on Tesla. The establishment of a political party further weakened investors confidence in Teslas future leadership.Japans foreign exchange reserves stood at US$1,313.8 billion in June, compared with US$1,298.1 billion in the previous month.On July 7, Musk posted on his social media platform that it is not impossible to support presidential candidates, but the focus of the next 12 months will be on the House of Representatives and the Senate. Musk posted on his social media on July 5 that the "American Party" was established. When a netizen asked whether his new party would participate in the 2026 midterm elections or the 2028 presidential election, Musk replied "next year."LG Energy Solution: Second-quarter operating profit is expected to be 492 billion won (agency estimate is 294 billion won).Japans overtime pay annual rate in May was 1%, compared with 0.8% in the previous month.
