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February 8th - Meitu (01357.HK) announced that, according to non-IFRS standards, the Groups adjusted net profit attributable to equity holders of the parent company for the year ended December 31, 2024, may achieve a year-on-year growth of 60% to 66%.February 8th - Innovent Biologics (01801.HK): The Company, together with its subsidiaries Innovent Biologics (Suzhou) Co., Ltd., Fortvita Biologics (Singapore) Pte. Ltd., Fortvita Biologics Inc., and Fortvita Biologics (USA), Inc., has entered into a strategic collaboration with Eli Lilly and Company to jointly advance the global research and development of innovative drugs in the oncology and immunology fields. Under the terms of the agreement, the Company will receive an upfront payment of US$350 million; upon achieving subsequent specific milestones, the Company will also be eligible to receive research, regulatory, and commercialization milestone payments totaling up to approximately US$8.5 billion. In addition, the Company is entitled to tiered royalty payments on net sales of each product outside of Greater China.Iraqs State Oil Marketing Organization (SOMO) announced that Iraq will set its official selling price for March Basra medium crude oil at a discount of $1.30 per barrel to the Ascoli benchmark price for North and South America.Iraqs State Oil Marketing Organization (SOMO) announced that Iraq has set its official selling price for March Basra medium crude oil to Asia at a discount of $1.70 per barrel to the Oman/Dubai average.Some netizens claimed that SpaceX is hiring engineers in Austin and Seattle to develop artificial intelligence satellites and space data centers. Musk retweeted the post and replied: Its true.

Cryptos

Crypto Market Daily Highlights: BTC Delivered Market Support

The crypto market ended a negative week on an optimistic note. Gains were small, though, as investors fought off increased surveillance.