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On March 26, CStone Pharmaceuticals-B (02616.HK) announced in Hong Kong that its revenue for fiscal year 2024 decreased by RMB 138 million, or 33.8%, to RMB 270 million for fiscal year 2025, from RMB 407 million. The net loss for the year increased by RMB 346 million from RMB 91.2 million in fiscal year 2024 to RMB 437 million in fiscal year 2025, primarily due to a decrease in gross profit and an increase in R&D expenses. Excluding a one-off negative impact of RMB 147 million related to channel compensation and inventory write-downs in preparation for the inclusion of prallatinib in the National Reimbursement Drug List, the net loss was RMB 290 million.March 26 – The number of Americans filing for unemployment benefits rose slightly last week, indicating a stable labor market and giving the Federal Reserve room to keep interest rates unchanged while closely monitoring inflation risks related to the Middle East conflict. The Labor Department said Thursday that initial jobless claims rose by 5,000 to a seasonally adjusted 210,000 in the week ending March 21. Initial jobless claims have remained between 201,000 and 230,000 this year, influenced by relatively few layoffs. Economists said that continued uncertainty stemming from Trumps aggressive import tariffs has led to a decline in demand for labor. Private sector nonfarm payrolls increased by an average of only 18,000 per month in the three months ending in February. They also noted that the Trump administrations hardline immigration policies have reduced the labor supply, also impacting job growth. This has led to what Federal Reserve Chairman Powell called a "zero-job growth equilibrium" this month, but this situation "has downside risks."S&P: Models show European insurance companies are well-capitalized.As of 8:30 PM Beijing time, WTI crude oil futures rose 4.15%, while U.S. natural gas futures fell 0.48%.The number of Americans filing for initial jobless claims for the week ending March 21 was 210,000, in line with expectations and the previous weeks figure of 205,000.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

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Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.

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