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On August 26, Huawei and HP Inc. announced the signing of a multi-year global patent cross-licensing agreement, which includes Huawei licensing certain WiFi patents to HP. Following the signing of the agreement, HP will pay patent fees to Huawei. To date, Huawei has signed more than 260 patent licensing agreements with major ICT manufacturers in the United States, Europe, Japan, and South Korea. 34 new patent licensing agreements are planned for 2025.On August 26, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan". Xin Guobin, Vice Minister of Industry and Information Technology, said that during the 15th Five-Year Plan period, efforts should be made to cultivate growth drivers, promote the deep integration of scientific and technological innovation and industrial innovation, develop new productive forces according to local conditions, adhere to the principle of "industry posing questions, science and technology answering questions", strengthen the construction of public technology service platforms, pilot testing platforms and other carriers, promote the rapid transition of original technologies to pilot testing and achieve large-scale application, actively explore and cultivate new scenarios, new business forms and new models, and expand the supply of high-quality products to meet the consumption needs of different groups.On August 26, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan." Xin Guobin, Vice Minister of Industry and Information Technology, stated that during the 15th Five-Year Plan period, significant efforts will be made to create a favorable ecosystem. We must act as a supportive "family member" for enterprises, implement key tasks for deepening reform, strengthen planning guidance, standardization, policy guarantees, and high-level opening-up and cooperation to create a sound industrial ecosystem. We must strengthen legislative research in emerging fields such as the digital economy and artificial intelligence, improve the mandatory standards system in the industrial and information technology sector, and use standards improvement to support the high-quality development of the industry. We must intensify efforts to clear overdue payments to enterprises, continue to implement special actions to reduce the burden on enterprises, and further enhance the sense of gain for enterprises, especially small and medium-sized enterprises.On August 26, Yao Jun, Director of the Planning Department of the Ministry of Industry and Information Technology, stated at a press conference held by the State Council Information Office that during the 15th Five-Year Plan period, we will organize and implement a revitalization action for traditional industries, strengthen the guidance of national standards, empower with digital and green technologies, and constrain environmental and safety regulations to consolidate the foundation, improve quality, build brands, and accelerate the improvement of the quality and efficiency of traditional industry development. First, we will focus on technological transformation. This is an important means to promote the transformation and upgrading of traditional industries. We will deepen the pilot projects for new technological transformation in manufacturing cities, strengthen technological innovation, equipment upgrading, and model innovation, and vigorously promote new technological transformation aimed at improving quality and efficiency, focusing on the application of digital and intelligent technologies and green and low-carbon technologies, to promote the intelligent, green, and integrated development of traditional industries. For example, in the petrochemical industry, we will accelerate the upgrading and transformation of old equipment, fully utilize digital and intelligent technologies and green technologies to effectively reduce safety and environmental risks, achieve synergistic effects in pollution reduction and carbon reduction, and promote high-quality development of the industry. Second, we will focus on standard improvement. We will implement an action to guide the optimization and upgrading of traditional industries through standard improvement. Third, we will focus on quality upgrading.On August 26, the National Food and Strategic Reserves Administration announced that the 11th APEC Ministerial Meeting on Food Security was held in Hangzhou, Zhejiang Province on August 25. The meeting adopted and released the "Principles Paper on Enhancing the Resilience of Food Systems in the Asia-Pacific Region through Innovation and Digitalization," calling on economies to apply innovative achievements and digital technologies such as artificial intelligence to improve decision-making capabilities, interconnectivity, and responsiveness across the entire food system chain. This aims to help food systems better anticipate risks, withstand shocks, adapt to changes, and restore production capacity, thereby improving operational efficiency and overall effectiveness.

NASDAQ, S&P 500, Dow Jones – Stocks Rebound After Initial Sell-Off

Cory Russell

Jan 16, 2023 15:51

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S&P 500 (SPX500) 

S&P 500 has risen over the 3975 mark and has left the session lows behind.


The S&P 500's primary drivers today were the Michigan Consumer Sentiment survey and bank results.

According to bank reports, they have begun to be ready for the recession. It's interesting how quickly after the trading session started, their stocks were able to generate strong upward momentum. After the publication of the earnings results, JPMorgan, Citigroup, Wells Fargo, and Bank of America are trading at multi-week highs.


The recovery of bank equities significantly boosted the S&P 500. It was insufficient, however, to bring the index back into the positive range. Interestingly, despite increased oil prices, energy stock prices remained low.

NASDAQ (NAS100) 

NASDAQ is essentially flat throughout today's trade. After the recent run, some traders were prepared to take gains off the table, but profit-taking did not put too much pressure on NASDAQ before the weekend.


Today, Tesla is down 2% and Amazon is up 2%. Other top NASDAQ stocks exhibit a range of behaviors.

Dow Jones (US30)

Recently, Dow Jones has succeeded in returning to the positive zone. In the Dow Jones today, JPMorgan, UnitedHealth Group, and Goldman Sachs have had the greatest performances.


To sustain its recovery, the Dow Jones must level out above recent highs above 34,300. From a broad perspective, if the approaching earnings season is favorable, Dow Jones has a decent potential to gain further upward momentum.