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September 5th - According to foreign media reports, the Pentagon has secured priority rights to purchase crude oil from 17 oil fields in Venezuela, and under the new agreement, it can purchase 20% of the output at cost price rather than market price. The report states, "The Pentagon has the sole right of first refusal to purchase oil extracted by NABEP. Of this, 20% can be purchased at a price reflecting the companys extraction costs, rather than at market price, while the remainder will be purchased at market price." The report also states that in addition to the cheap oil, the Pentagon has acquired a 35% stake in the joint venture.
On September 5th, the China Development Bank (CDB) successfully issued 5 billion yuan of 3-year green financial bonds through the Shanghai Clearing House, with an issuance interest rate of 1.27%. This marks the first time CDB has used online book-building to issue green financial bonds, effectively improving issuance efficiency and transparency. This issuance represents a new attempt by CDB to optimize its bond issuance pricing mechanism and narrow the price gap between the primary and secondary markets, as well as a new exploration of empowering green and low-carbon financing through market-oriented methods. The funds raised from this bond issuance will be primarily used for key areas such as green infrastructure upgrades, energy-saving and carbon-reducing industries, green and low-carbon energy transformation, and ecological protection, restoration, and utilization.
September 5th - At 1:32 AM on September 5th, the Jiangxi Provincial Hydrological Monitoring Center upgraded its flood warning to orange. Due to heavy rainfall, it is predicted that within the next 13 hours, the Ganjiang River section in Jian City will experience flooding exceeding the warning level by approximately 2.7 meters; the water level in the Xiajiang County section is still rising, currently exceeding the warning level by 0.23 meters; the flow rate in the Zhangshu City section is still increasing, currently at approximately 13,800 cubic meters per second; and the flow rate in the Nanchang City section is also still increasing, currently at approximately 12,800 cubic meters per second.
September 5th - According to Xiaomi Technology, Xiaomi officially released Xiaomi-TabLDM today: a general-purpose large-scale model for tabular data. Xiaomi-TabLDM directly adapts to different tabular datasets with a single pre-trained model and unified default configuration, completing classification and regression predictions without the need for retraining, parameter tuning, or post-ensemble for each task.
Musk: The factory system that produces Tesla (TSLA.O) Cybercab is completely different from any other car production line.