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Tip: Alex Polos, Deputy External Governor of the Bank of Canada, delivers a speech on artificial intelligence and productivity in Ottawa.Ukrainian President Zelensky: Ukraine and Lithuania sign drone agreement.On May 13, it was learned from the Institute of Chemistry, Chinese Academy of Sciences, that a research team led by Qiao Yan and Wang Shu, in collaboration with scientists from home and abroad, recently achieved for the first time asymmetric division of artificial cells in terms of morphology and function, filling a long-standing technological gap in the interdisciplinary field of chemistry, materials science, and synthetic biology. The relevant findings were published on May 13 in the international academic journal *Nature*. This research provides a novel experimental model for exploring the origin of life and the formation of primitive cells, and its results are expected to be applied in cutting-edge fields such as biomedicine, biomanufacturing, and intelligent sensing in the future.1. OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, a change consistent with the assessments of other forecasting agencies such as the International Energy Agency, which also lowered its demand expectations due to the impact of the war with Iran. However, according to OPECs monthly oil report published on its website, the agency simultaneously raised its forecast for global oil demand growth in 2027. The 2026 global crude oil demand growth forecast was lowered from 1.38 million barrels per day to 1.17 million barrels per day, while the 2027 global crude oil demand growth forecast was raised from 1.34 million barrels per day to 1.54 million barrels per day. 2. Data released on Wednesday showed that the US PPI surged 1.4% month-on-month in April, after the March figure was revised upward to 0.7%. This increase was the largest since March 2022, with both goods and services prices rising, compared to market expectations of only 0.5% and the initial 0.5% figure released in March. Producer prices have continued to strengthen this year, partly due to rising energy costs, while the Middle East conflict has disrupted shipping in the Strait of Hormuz, impacting global supply chains and leading to shortages of fertilizers, aluminum, and various consumer goods. The PPI rose 6.0% year-on-year, the largest increase since December 2022, significantly higher than Marchs 4.0%, partly due to the gradual exit of the low base effect from last year, thus pushing up the current year-on-year reading. 3. Yahua Group stated on its interactive platform on May 13 that the company has completed the export procedures for lithium concentrate from Zimbabwe and has started shipping. The companys lithium sulfate plant project is progressing and is expected to be completed next year. 4. US EIA inventory data for the week ending May 8: US crude oil exports increased by 742,000 barrels per day to 5.492 million barrels per day. US domestic crude oil production increased by 137,000 barrels to 13.71 million barrels per day. Commercial crude oil inventories, excluding strategic reserves, decreased by 4.306 million barrels to 453 million barrels, a decrease of 0.94%. The four-week average supply of U.S. crude oil products was 20.051 million barrels per day, an increase of 1.08% compared to the same period last year. U.S. Strategic Petroleum Reserve (SPR) inventories decreased by 8.605 million barrels to 384.1 million barrels, a drop of 2.19%. U.S. commercial crude oil imports excluding strategic reserves were 5.901 million barrels per day, an increase of 424,000 barrels per day from the previous week. U.S. EIA Strategic Petroleum Reserve inventories last week were at their lowest level since the week ending October 11, 2024. The largest decline in U.S. EIA Strategic Petroleum Reserve inventories last week was recorded since the week ending August 20, 1982, marking the seventh consecutive week of decline. 5. On the 13th local time, Israel Defense Forces Chief of Staff Zamir, during an inspection in the northern West Bank, stated that the IDF has created a "new security reality" in all war zones, but the current military operations are not over. Zamir stated that the Israeli army is prepared to resume fighting if necessary and maintains a continuous state of readiness on both the defensive and offensive fronts, a readiness that "extends from the West Bank all the way to Tehran." 6. Agricultural consultancy Datagro released its latest forecasts for the Brazilian and global sugar and ethanol markets on Wednesday. Brazils national sugarcane processing volume for 2026/27 is estimated at 698 million tons, with sugar production at 44.2 million tons and ethanol production reaching a record 41.4 billion liters. In Brazils south-central region, sugarcane processing volume for 2026/27 is estimated at 642.2 million tons, with sugar production at 40.98 million tons and ethanol production at 38.61 billion liters.On May 13, UN Deputy Spokesperson Haq stated regarding the brief detention of UN Under-Secretary-General for Security and Safety Gilles Michaud at an Israeli airport that Michaud had received an apology from the Israeli Ministry of Foreign Affairs, which attributed the incident to human error.

Musk Asserts, "Tesla Is Always on My Attention" in Response to Twitter Distraction Concerns

Charlie Brooks

May 20, 2022 09:30

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Elon Musk, CEO of Tesla (NASDAQ:TSLA), stated on Thursday, "Tesla is always on my mind" in an effort to assuage investor concerns that he may be distracted by a Twitter (NYSE:TWTR) transaction that has weighed on the company's stock price.


Tweeting a picture of a woman (Tesla) concerned by her boyfriend's (Elon's) interest in another woman, he stated, "This may appear to be the case, but it is not."


"To be clear, I am devoting approximately 5 percent of my time to the Twitter acquisition. It requires no rocket science! "He sent a tweet.


"Yesterday, Giga Texas existed; today, Starbase does. Tesla is constantly on my mind."


Musk's rocket business SpaceX has a launch site near Boca Chica, Texas, known as Starbase. This year, Tesla established a new factory in Texas.


Tesla shares have lost one-third of their value since the billionaire disclosed his Twitter position in early April and sold $8.5 billion worth of Tesla shares to help finance his $44-billion Twitter transaction.


China's lockdown restrictions, which hampered Tesla's manufacturing, and Tesla's exclusion from a widely regarded S&P sustainability index weighed further on the stock market.


Tesla bull Wedbush analyst Daniel Ives reduced Tesla's share price estimate on Thursday owing to the China production setback and warned of "distraction risks" from Musk's Twitter agreement.


Major Tesla investor Leo KoGuan demanded on Thursday that the electric car manufacturer repurchase shares.


"Tesla must announce immediately and buy back $5 billion of Tesla shares from its free cash flow this year and $10 billion from its free cash flow next year, without affecting its existing $18 billion cash reserves with ZERO debt," KoGuan said in a Twitter message to Martin Viecha, Tesla's head of investor relations.


Viecha was unavailable for quick comment.


KoGuan, the third largest individual stakeholder in Tesla, stated last year that he was investing billions in the company because he believed in Musk's "great objective, which I share." In March, he stated that he was purchasing further Tesla shares and not selling during the stock's decline.