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On September 20th, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," introducing the relevant situation regarding promoting high-quality development of market supervision during the 15th Five-Year Plan period and answering questions from reporters. Yang Sheng, Deputy Director of the National Medical Products Administration, stated that it is necessary to strengthen the legal framework and improve the regulatory standards system. He also emphasized strengthening the research and formulation of standards in cutting-edge fields such as brain-computer interfaces, using standard upgrades to drive quality improvement.On September 20th, Turkish Foreign Minister Fedan Ibrahim stated on September 19th that Turkey is prepared to provide assistance to Saudi Arabia in accordance with the Mecca Mutual Defense Agreement in response to the recent attacks on Saudi Arabia by the Houthi rebels in Yemen. Fedan said that the signatory countries are monitoring the attacks on Saudi Arabia, and Saudi Arabias military needs may focus on some technical issues, which Turkey will be able to meet. Saudi Arabia, Turkey, and Pakistan signed the Mecca Mutual Defense Agreement on August 7th. According to a joint statement issued by the three parties that day, the agreement aims to strengthen joint deterrence against any act of aggression. The agreement stipulates that an armed attack on any of the three countries will be considered an attack on all three.On September 20th, Venezuela and Total Energy signed a memorandum of understanding on Saturday, paving the way for the French companys return to operations in Venezuela. According to a government statement, Venezuelan Acting President Rodríguez presided over the ceremony in Caracas, where Hector Ofregón, president of PDVSA, and Francisco Javier Lielow, senior vice president of Total Energys Americas, signed the energy cooperation agreement. The statement said that Total Energy subsidiary TotalEnergies E&P New Ventures will participate in the energy project. Total Energy and its partner Equinor withdrew from the Petrocedeno oil project in 2021 amid a wave of foreign companies leaving the country. At the time, CEO Patrick Pouané stated that the move was unrelated to the political situation in Venezuela but was in line with the companys plan to reduce its carbon footprint.On September 20th, the State Taxation Administration released the latest tax data, showing that in the first eight months of this year, tax revenue collected by tax authorities nationwide increased by 5.9% year-on-year. The data shows that in the first eight months of this year, the Producer Price Index (PPI), which is highly correlated with tax revenue, rose by 2% cumulatively, driving rapid growth in tax revenue calculated at current prices. Meanwhile, the capital market has been generally active this year, with the average daily turnover of A-shares reaching 2.7 trillion yuan in the first eight months, a 72.8% increase compared to the same period last year, leading to rapid growth in related taxes and industry tax revenue. Specifically, securities transaction stamp tax increased by 82%, and personal income tax on restricted stock transfers increased by 59.7%. Tax revenue from the securities industry increased by 65.6% year-on-year, while tax revenue from the insurance industry and other financial industries increased by 14.6% and 18.5% respectively. Tax revenue from other industries was also boosted by increased returns from stock market investments by related companies. Furthermore, since the beginning of this year, the government has also standardized some tax incentives that are not in line with high-quality development or the current situation, contributing to the increase in tax revenue.On September 20th, according to Russian sources, Moscow Mayor Sergei Sobyanin announced on social media that over 150 Ukrainian drones had attacked Moscow and its surrounding areas since the early hours of the morning, with most being shot down by Russian air defense systems. Furthermore, according to the Kyiv Military Authority, air raid sirens were issued in the early hours of the 20th in Kyiv, the Ukrainian capital, due to the threat of missiles and drones.

Musk Suggests He May Attempt To Reduce The Purchase Price of Twitter

Haiden Holmes

May 17, 2022 10:27

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Elon Musk said on Monday that he may seek a cheaper price for Twitter Inc (NYSE:TWTR), claiming that there may be at least four times as many false accounts as the firm claims.


At a seminar in Miami, he stated, "You cannot pay the same price for something that is considerably worse than they claimed."


Musk, who stated on Friday that his $44 billion plan to acquire Twitter was on hold pending information on spam accounts, reckons that at least 20 percent of Twitter's users are spam accounts, as opposed to Twitter's official estimate of 5 percent.


When questioned during the conference if the Twitter acquisition is feasible at a different price, Musk answered, "It's not impossible."


"The more questions I ask, the more concerned I become," he stated at the All-In Summit 2022.


"They assert that their system is so intricate that only they can comprehend it... It cannot be a profound mystery that is, for example, more complicated than the human soul."


Following Musk's comments, Twitter's stock price declined further in late afternoon trade.


The stock fell more than 8 percent to settle at $37.39, a level lower than the day before Musk disclosed his Twitter stake in early April, raising doubts that the billionaire entrepreneur would proceed with his acquisition of the firm at the agreed-upon price.


Twitter CEO Parag Agrawal tweeted earlier on Monday that internal estimates of spam accounts on the social media network over the last four quarters were "far under 5%," in response to days of criticism from Elon Musk regarding the company's treatment of fake accounts.


He noted that Twitter's estimate, which has been unchanged since 2013, could not be replicated outside due to the necessity of using both public and private information to evaluate if an account is spam.


The feces emoji was Musk's response to Agrawal's defense of the company's technique.


"So how can advertisers determine the value of their investment? This is crucial for Twitter's financial health "Musk stated.


Musk has vowed to alter Twitter's content moderation policies, criticizing judgments such as the company's ban of former President Donald Trump as unduly severe and promising to crack down on "spam bots" on the platform.


Musk has proposed testing random samples of Twitter users in order to identify bots. He added, "there is a possibility that it exceeds 90 percent of daily active users."


Independent experts believe that between 9 and 15 percent of the millions of Twitter profiles are automated programs.


Twitter currently does not need users to register with their true names and openly allows automated, parody, and pseudonymous profiles on the service.


It prohibits impersonation and spam, and penalizes accounts whose objective is to "deceive or manipulate others" by engaging in frauds, coordinating abuse operations, or increasing activity artificially.


Concerns regarding Musk's disclosures of market-moving information could be heightened by his private remarks.


Musk, well-known for his honest Twitter posts, has a lengthy history of disputes with the U.S. Securities and Exchange Commission; a U.S. judge recently reprimanded him for attempting to evade a deal with the SEC requiring control of his Tesla (NASDAQ:TSLA) tweets.

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