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On February 15th, the General Office of the Heilongjiang Provincial Peoples Government issued the "Several Policy Measures of Heilongjiang Province to Support the High-Quality Development of the Biomanufacturing Industry," which mentions promoting the integrated development of the biomanufacturing industry. It encourages leading biomanufacturing enterprises to take the lead in establishing industry technology innovation alliances, industry technology research institutes, and other innovation consortia to strengthen technology spillover, industrial collaboration, and market expansion across the upstream and downstream of the industrial chain. It also guides SMEs to focus on niche areas, strengthen independent innovation, and improve their specialized production, service, and collaborative support capabilities, forming an industrial ecosystem of "leading enterprises, supporting industries, and cluster development," and accelerating the construction of the Suiyuan-Harbin-Daqing-Qiqihar National Biomanufacturing Cluster.On February 15th, the General Office of the Heilongjiang Provincial Peoples Government issued the "Several Policy Measures of Heilongjiang Province to Support the High-Quality Development of the Biomanufacturing Industry," which mentions supporting enterprises intelligent transformation and digital upgrading. It supports biomanufacturing enterprises in using technologies such as artificial intelligence, big data, cloud computing, and the Internet of Things to upgrade and improve their digital and intelligent levels. Provincial financial subsidies will be provided to enterprises that meet the requirements of enterprise technological transformation policies. For digital workshops (production lines) and smart factories that pass provincial certification, a one-time subsidy of 10% of the project contract amount (including equipment investment and digital construction costs such as industrial software purchases) will be granted, with a maximum subsidy of 2 million yuan for digital workshops (production lines) and a maximum subsidy of 10 million yuan for smart factories. Eligible enterprises will be recommended to apply for national-level excellent smart factory status.On February 15th, the General Office of the Heilongjiang Provincial Peoples Government issued the "Several Policy Measures of Heilongjiang Province to Support the High-Quality Development of the Biomanufacturing Industry." The measures include supporting biomanufacturing enterprises in collaborating with universities and research institutes to build concept verification centers and pilot-scale maturation platforms, driving interconnectivity among upstream and downstream links in the industrial chain, including R&D design, pilot-scale verification, and manufacturing. For eligible concept verification centers and pilot-scale maturation platforms in the biomanufacturing field, subsidies of up to 10 million yuan (30% of the total investment) will be provided based on performance evaluation results. For those already built and operational, subsidies of up to 5 million yuan (20% of the annual service amount provided to enterprises in the province) will be provided. For those selected as national biomanufacturing pilot-scale capacity building platforms by the Ministry of Industry and Information Technology, the subsidy will be increased by 50%. The measures also encourage technology trading activities such as synthetic biology technology development, technology transfer, technology licensing, technology consulting, and technology services. For biomanufacturing enterprises within the province that purchase scientific and technological achievements from universities, research institutes, and new R&D institutions and sign technology transfer or technology licensing contracts, and whose technology is transferred and transformed in our province, a subsidy of 20% of the actual payment amount will be granted for contracts with an actual payment amount of more than 1 million yuan, with a maximum subsidy of 2 million yuan per contract.On February 15th, the General Office of the Heilongjiang Provincial Peoples Government issued the "Several Policy Measures of Heilongjiang Province to Support the High-Quality Development of the Biomanufacturing Industry," which mentions supporting the tackling of core technologies. Adhering to the orientation of scientific and technological achievements transformation, focusing on key core technologies and cutting-edge directions in biomanufacturing, a number of key R&D projects will be deployed and implemented to support technological breakthroughs in innovative pharmaceuticals and medical devices, core strains, biological breeding, and biochemical engineering. Projects that pass the review will receive provincial financial support in accordance with relevant regulations. Support will be provided for enhancing the innovation capabilities of enterprises. Biomanufacturing enterprises are encouraged to increase R&D investment. For enterprises with R&D investment exceeding 500,000 yuan and meeting the conditions, subsidies will be provided at different proportions based on the enterprises annual R&D investment stock and incremental portion, with the province and city contributing at a 1:1 ratio.On February 15th, Cathie Wood, founder of Ark Capital, posted on X, stating, "According to ARKInvest research, developing humanoid robots is 200,000 times more complex than developing robotaxis. Given Elon Musks first principles and unwavering determination, we predict that Teslas Optimus Prime robot will begin to change factory life in 2028/2029, and subsequently, home life." Musk responded, "It will begin to change the status quo in 2027, the impact will be evident by 2028, and the impact will be enormous by 2029."

Stocks Will Sell Off on Inflation Data – Is a Temporary Bottom Ahead?

Alice Wang

Jul 14, 2022 14:56

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Following a 1.15 percent fall on Monday, the S&P 500 index fell by 0.92 percent on Tuesday. The general stock market reversed a recent advance from the neighborhood highs made last week. From the 3,900–3,950 level, the index once again bounced.


Despite the U.S. dollar's gain and the volatility of commodities last week, the S&P 500 almost fully recovered from its prior fall. But this week's early days saw sellers take the lead once again. Regarding inflation statistics, the Federal Reserve's tightening of monetary policy, the crisis between Russia and Ukraine, and the impending quarter's earnings reporting season, there is still a lot of uncertainty and concern. And after a worse-than-expected CPI announcement this morning, the index is anticipated to start 1.4 percent down.

Conclusion

The Consumer Price Index announcement stated earlier caused investors' attitude to deteriorate, and as a result, the S&P 500 index is most likely to start 1.4 percent down this morning. Prior to Friday's publication of retail sales data and the next quarterly earnings announcements, the market might see an intraday bounce and more gyrations.