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On December 20th, at the Moore Threads 2025 MUSA Developer Conference, in addition to the new "Huagang" architecture and the Huashan chip, Moore Threads also unveiled its Lushan graphics chip. Lushan is a high-performance graphics rendering chip built on the Huagang architecture, promising a 15x improvement in AAA game rendering, a 50x improvement in ray tracing performance, an 8x improvement in atomic memory access performance, and a 4x improvement in video memory capacity. AI rendering performance is improved by 64x, geometry processing performance by 16x, and texture fill performance by 4x. Besides supporting gaming, it also supports rendering for all CAD, CAE, and other graphic design applications.According to Business Insider, Google has warned some visa holders against leaving the United States, as their return home could face “significant” delays of up to a year.On December 20th, an official from the National Development and Reform Commission answered reporters questions regarding the "Rules on Pricing Behavior of Internet Platforms," outlining the next steps for ensuring its implementation: First, conduct policy dissemination. Focusing on regulating price competition in the platform economy and protecting the legitimate rights and interests of consumers and platform operators, conduct in-depth policy dissemination to remind operators to operate legally and compliantly. Second, promote industry self-regulation. Give full play to the role of industry associations and chambers of commerce, encouraging relevant operators to take the lead in complying with regulatory requirements and consciously regulate their pricing behavior. Third, strengthen monitoring and evaluation. Closely monitor price competition in the platform economy, track and evaluate the implementation of the "Rules on Pricing Behavior," and promptly identify any problems. Fourth, strengthen regulatory enforcement. Implement the regulatory measures proposed in the "Rules on Pricing Behavior," investigate and punish price violations according to law, and maintain a fair and competitive market environment.On December 20th, the "Rules on Pricing Behavior of Internet Platforms" were issued. The rules stipulate that platform operators and operators within the platform shall indicate the promotional price or price promotion rules in a manner that is easy for consumers to understand, and comply with the following provisions: (1) Publicly display the promotional rules, activity period, scope of application, etc. in a prominent position on the page; (2) Accurately indicate the discount or price reduction basis; (3) If the price is offset by points, gift certificates, vouchers, coupons, prepayments, etc., the specific calculation method shall be clearly indicated.On December 20th, the "Rules on Price Behavior of Internet Platforms" were issued. The rules stipulate that platform operators and operators within the platform shall not violate Article 14, Paragraph 3 of the "Price Law of the Peoples Republic of China" by using the following means to fabricate and disseminate information about price increases, drive up prices, and promote excessive price increases of commodities: (1) fabricating and disseminating information about supply shortages or a surge in market demand; (2) fabricating and disseminating information about other operators having already raised or preparing to raise prices; (3) disseminating information containing deceptive or misleading language to inflate price expectations; (4) failing to sell commodities to external parties in a timely manner without justifiable reasons, exceeding the normal storage quantity or storage period, hoarding large quantities of commodities with tight market supply or abnormal price fluctuations, and continuing to hoard after being warned; (5) forcing customers to purchase additional goods, thereby indirectly and significantly increasing commodity prices; (6) using other means to drive up prices and promote excessively rapid and excessive price increases of commodities.

Mondelez will buy energy bar producer Clif Bar for around $3 billion

Haiden Holmes

Jun 21, 2022 11:33

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Mondelez International Inc said on Monday it will buy energy bar producer Clif Bar & Company for $2.9 billion to expand its worldwide snack bar business.


The Cadbury maker will also pay additional amounts to the sellers based upon its earnings from Clif Bar, Mondelez (NASDAQ:MDLZ) stated.


The business said it will obtain the Clif, Luna and Clif Kid brands of bars in its portfolio with the acquisition, creating a $1 billion-plus worldwide snack bar franchise for itself.


"Mondelēz International is the perfect partner at the right moment to support Clif in our next chapter of growth," stated Sally Grimes, Chief Executive Officer, Clif Bar & Company. "Our aims and cultures are linked and being part of a global snacking company with extensive product offers can help us accelerate our growth."


Mondelez will continue to manufacture Clif's goods in its facilities at Twin Falls in Idaho and Indianapolis in Indiana, the firm said.


The food and beverage giant, which also makes Toblerone, Oreo and Tang, expects the merger to be accretive to its topline in the second year following the deal and will also create cost synergies for Clif's distribution due to the company's worldwide scale.


Clif Bar's acquisition represents the eighth merger since 2018 as Mondelez works towards reorganizing its portfolio for stronger long-term growth.


Mondelez forecasts organic net revenue to reach above 4 percent in 2022, while its long-term growth target is of more over 3 percent .


The purchase is likely to finalize in the third quarter, Mondelez said.