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February 16th - Recently, due to a surge in global demand for GLM-5, concurrent access has exceeded the planned limits, leading to queuing, response delays, and lag, impacting the experience for some users. Although Zhipu (02513.HK) has repeatedly expanded its domestic chip cluster and released limited GLM Coding Plan packages, it has not been able to completely resolve the current supply shortage. Zhipu is now launching a "Computing Power Partner" recruitment program: 1. Chip Manufacturers: Zhipu is willing to open its core technology interfaces to jointly conduct underlying optimizations for GLM-5. 2. Computing Power Partners and Inference Service Providers: Jointly build a higher concurrency, lower latency inference network. 3. Other forms of computing power cooperation.Xiaomi Group (01810.HK): On February 16, the company repurchased 1.5 million Class B shares for HK$54.7 million.February 16th - The State Power Investment Corporation (SPIC) Party Committee issued its 2026 Spring Festival Address: 2025 marked the final year of the 14th Five-Year Plan. The Group achieved remarkable results in serving the overall national development strategy, actively expanding effective investment, with total installed capacity reaching 287 million kilowatts, an increase of 8.4%, assets approaching 2 trillion yuan, operating revenue exceeding 400 billion yuan, and total profit surpassing 50 billion yuan. Major projects progressed smoothly; the "Guohe-1" demonstration project was completed and put into operation, and the first prototype of the 300 MW F-class heavy-duty gas turbine passed preliminary reliability verification. Two major projects were selected as achievements of the Ministry of Industry and Information Technologys 2025 "Major National Projects Supporting the Construction of a Strong Nation." In 2026, the Group will deepen enterprise reform, accelerate strategic implementation, adhere to innovation-driven development, strengthen digital and intelligent empowerment, prevent and resolve risks, and strive to create a new situation for reform and development.February 16th - According to foreign media reports, official data released on the 16th shows that Japans economic growth at the end of 2025 will be lower than market expectations. The worlds fourth-largest economy saw its GDP grow by only 0.1% in the fourth quarter, below the market expectation of 0.4%. Furthermore, after contracting by 0.2% in 2024, the Japanese economy is projected to grow by 1.1% in 2025. Prior to the fourth quarters growth, the previous quarters figure was -0.6%, which was revised downwards to -0.7%. The data shows that growth in private consumption, private housing, and business investment contributed to the fourth quarters economic growth.February 16th - According to an announcement by CSPC Pharmaceutical Group (01093.HK) on the Hong Kong Stock Exchange, the companys board of directors is pleased to announce that the Groups long-acting GLP-1/GIP receptor bipolar agonist peptide injection (SYH2082 injection) has received approval from the U.S. Food and Drug Administration (FDA) to conduct clinical trials in the United States. The approved clinical indication is weight management in obese or overweight individuals with at least one weight-related comorbidity. Furthermore, SYH2082 also has the potential to improve glycemic control in adult patients with type 2 diabetes mellitus (T2DM), bringing additional clinical benefits.

The Dow Futures drop following a strong week

Charlie Brooks

Jul 11, 2022 10:59

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After major benchmark indexes completed the week higher, U.S. stock futures dropped during Sunday evening trade as investors anticipated company earnings reports and important inflation data.


By 7:00pm ET (11:00pm GMT), the Dow Jones Futures were down 0.2 percent , the S&P 500 Futures were down 0.3 percent , and the Nasdaq 100 Futures were down 0.4 percent .


Ahead this week, market participants will concentrate on new CPI data, with the inflation rate predicted to hit 8.8 percent, the highest level since December 1981. Investors will examine, among other data releases, retail sales, manufacturing production, Michigan consumer mood, NFIB Small Business Optimism, consumer inflation expectations, producer pricing, export and import prices, and the New York Empire State Manufacturing Index.


PepsiCo Inc (NASDAQ:PEP) and Delta Air Lines Inc (NYSE:DAL) are scheduled to report earnings on Tuesday and Wednesday, respectively, while JPMorgan Chase & Co (NYSE:JPM), Morgan Stanley (NYSE:MS), Wells Fargo & Company (NYSE:WFC), and Citigroup Inc (NYSE:C) are scheduled to report earnings later in the week.


During trading on Friday, the Dow Jones Industrial Average sank 46.4 points, or 0.2 percent, to 31,338.2, the S&P 500 finished 0.3 points, or 0.1 percent, down at 3,894.4, and the NASDAQ Composite climbed for the sixth consecutive day, adding 14 points, or 0.1 percent, to 11,635.3. The Dow rose 1.4 percent for the week, while the S&P 500 climbed 2.7 percent and the NASDAQ gained 6.1 percent .


On the bond markets, 10-Year United States rates jumped to 3.08 percent.