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On June 30, Eli Lilly and Innovent Biologics (01801.HK) jointly announced that they have reached a cooperation agreement regarding the rights to Eli Lillys CDK4&6 inhibitor Vizzar® (abecicalbide tablets) in mainland China: Innovent Biologics will be responsible for the import, sales, promotion and distribution of Vizzar® (abecicalbide tablets) in mainland China; Eli Lilly will continue to be responsible for the production, supply and ongoing development of the product.On June 30th, the Shanghai Stock Exchange announced that the secondary market trading price of Invesco Great Wall Global Chip LOF (501225) was significantly higher than its net asset value per unit, exhibiting a substantial premium. Trading in the fund will be suspended from the opening of the market on the afternoon of June 30th, 2026, until the market closes on the same day. Redemption services will continue as usual during the suspension period.Morningstar: Lowered its fair value estimate for JD.com (09618.HK) by 20% to HK$138.00.On June 30th, Unisound (09678.HK) announced that it plans to develop Hangzhou into a regional R&D center for the Yangtze River Delta region, constructing the Unisound AI Chip Innovation Headquarters R&D building. The project will focus on building a large-scale, high-performance intelligent computing cluster to further improve the underlying computing infrastructure for large-scale model services, supporting the companys core strategy of strong foundational models and deep applications. To this end, a subsidiary of the company entered into a general contracting agreement with Shuanglou Construction, the general contractor, for the construction of the Unisound AI Chip Innovation Headquarters project. The contract price is RMB 252,977,950.On June 30th, Futures News reported that oil prices rose yesterday due to a series of attacks on oil tankers near the Strait of Hormuz and the resumption of military operations between the US and Iran. Although the two sides subsequently suspended military operations, renewed market concerns directly led to a rise in oil prices. Zhuochuang Information predicts that continued attention should be paid to developments in the Middle East. If the situation does not escalate further, or even de-escalates, oil prices will likely decline. Otherwise, market volatility will persist, and oil prices will fluctuate widely at high levels. In the short term, US crude oil is expected to fluctuate weakly around $70.

REUTERS NEXT: U.S. Treasury’s Adeyemo calls for global cooperation on crypto regulations

Cory Russell

Dec 02, 2022 16:03

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According to US Deputy Treasury Secretary Wally Adeyemo on Thursday, the failure of the cryptocurrency exchange FTX, based in the Bahamas, highlights the necessity for the United States to work with other nations to create comprehensive international laws for the crypto sector.


Adeyemo stressed the significance of setting up regulatory frameworks to safeguard consumers, investors, and financial stability as well as to prevent unauthorized uses of cryptocurrencies at the Reuters NEXT conference. He claimed that the effort needed to be expanded because FTX was not an American company.


"This is a worldwide occurrence. And when we consider innovations like cryptocurrencies, we'll need to work closely with our international allies to build a regulatory system in a framework that helps us to ensure we protect the global economy, Adeyemo told Reuters NEXT.

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