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Musk seeks license from China to use rare earth magnets

2025.04.26

11:37

                            Shanghai Economic and Information Technology Commission: Will promote the transformation of vehicle companies and strengthen innovative applications such as intelligent driving big models
                        
                            The 2025 Yangtze River Delta New Energy Vehicle Industry Chain and Supply Chain Innovation Cooperation Conference, "A New Chapter of Win-win Future with Intelligent Chain", was held at the National Exhibition and Convention Center (Shanghai) on April 25. Han Dadong, Second-level Inspector of the Shanghai Economic and Information Technology Commission and Director of the Automobile Industry Department, said in his speech at the meeting that the automobile industry is one of Shanghai's key industries. In the current window period and opportunity period of global automobile industry transformation and adjustment, Shanghai has made every effort to solve the pain points and bottlenecks of the transformation and upgrading of the automobile industry, accelerate the creation of a world-class automobile industry center, and promote the integrated development of the Yangtze River Delta. In recent years, it has achieved certain results. Han Dadong emphasized that at present, the global automobile competition landscape is developing towards electrification, intelligence, and AI, and the trend of parts integration, integration, and lightweight is obvious. Combined with geopolitical influences such as international trade frictions and tariff barriers, the automobile industry chain is facing reshaping and transformation. In order to accelerate the competitiveness of the entire automobile industry chain in the Yangtze River Delta region, Shanghai will promote the reform and transformation of vehicle manufacturers, strengthen the application of innovative technologies such as intelligent driving large models, accelerate the production and listing of new models such as Zhiji, Audi, and Shangjie, and promote the coordinated development of the upstream and downstream of the Yangtze River Delta region and the national automobile industry chain.
                        
09:42

                            Under the shadow of tariffs, US companies are pessimistic about the future prospects and the competitiveness of the pharmaceutical industry will weaken
                        
                            The US government's tariff policy has brought many uncertainties to the US and world economies. From toothpaste manufacturers to chip giants, some large US companies have recently expressed pessimism about the future prospects. Cost increases and substantial layoffs have made US companies pessimistic about the prospects. According to Bloomberg News on the 25th, Colgate, a well-known toothpaste manufacturer, said that due to the US tariff policy, the uncertainty and volatility of the global market will pose a challenge to the company's business, production costs will increase, and profits will decrease. At present, American consumers have begun to respond to the growing economic uncertainty, and the sales of Colgate products have begun to come under pressure. According to the US Consumer News and Business Channel on the 24th, US chip giant Intel said that the United States' "unstable trade policy" has increased the possibility of economic growth slowdown and even recession. The tariff policy makes it difficult for Intel to predict its full-year performance, but "it will definitely increase costs." On the same day, Intel announced a series of measures such as layoffs and organizational restructuring. According to Bloomberg, citing sources, Intel will cut about one-fifth of its jobs, affecting about 20,000 employees.
                        
09:36

                            Musk's xAI company plans to raise about $20 billion in financing round
                        
                            Musk's xAI company plans to raise about $20 billion in a financing round.
                        
09:36

                            The US is suffering from the consequences of its excessive tariffs: companies will lay off employees drastically as shelves run out during the consumer season
                        
                            The U.S. government's tariff policy has brought many uncertainties to the U.S. and world economies. From toothpaste manufacturers to chip giants, some large U.S. companies have recently expressed pessimism about the future prospects. Cost increases and substantial layoffs. U.S. companies are pessimistic about the prospects. According to Bloomberg News on the 25th, Colgate, a well-known toothpaste manufacturer, said that due to the U.S. tariff policy, the uncertainty and volatility of the global market will pose a challenge to the company's business, production costs will increase, and profits will decrease. At present, American consumers have begun to respond to the growing economic uncertainty, and the sales of Colgate products have begun to come under pressure. According to the U.S. Consumer News and Business Channel on the 24th, American chip giant Intel said that the United States' "unstable trade policy" has increased the possibility of economic growth slowdown and even recession. The tariff policy makes it difficult for Intel to predict its full-year performance, but "it will definitely increase costs." On the same day, Intel announced a series of measures such as layoffs and organizational restructuring. According to Bloomberg, citing sources, Intel will cut about one-fifth of its jobs, affecting about 20,000 employees.
                        
09:28

                            Bitcoin hit $95,000 per coin, up 0.39% on the day, and Ethereum rose to $1,800 per coin, up 0.94% on the day.
                        
08:20

                            Humanoid robots become the new favorite at auto shows, and the two major industrial chains are intertwined
                        
                            At the 2025 Shanghai Auto Show, humanoid robots have a strong presence. The products of Yushu Technology and Zhiyuan Robotics have become "non-staff employees" of many car companies and battery companies, acting as shopping guides and "car models" on site; Xiaopeng Motors and Chery Group brought their self-developed humanoid robots to the show, acting as "partners" for their car products. In this regard, industry chain insiders analyzed that: on the one hand, whether it is the production end or the sales end, car companies have scenarios suitable for the implementation of humanoid robots, and are "big customers" of humanoid robot manufacturers; on the other hand, the artificial intelligence technology required for automobile hardware manufacturing and intelligent driving is highly overlapped with the software and hardware of humanoid robots, and car companies can be said to have their own "entry tickets" when making humanoid robots.
                        
07:56

                            Tesla's gains widened to 10%
                        
                            Tesla's gains extended to 10%, with its total market value rising to $920 billion. Reports said the company may launch new cars in India.
                        
04:04

                            U.S. stocks closed: Nasdaq rose 1.26% and Tesla rose 9.8%
                        
                            U.S. stocks closed on Friday, with the Dow Jones Industrial Average initially closing up 0.05%, the S&P 500 up 0.74%, and the Nasdaq up 1.26%. Tesla (TSLA.O) rose 9.8%, and Nvidia (NVDA.O) rose 4.3%. The Nasdaq China Golden Dragon Index closed down 0.4%, with NIO (NIO.N) down 3.77%, and Xpeng Motors (XPEV.N) down 3.5%.
                        
04:02

                            U.S. stocks closed, Dow Jones up 0.05%
                        
                            At the close of the U.S. stock market, the Dow Jones Industrial Average rose 0.05%, the Nasdaq rose 1.26%, and the S&P 500 rose 0.74%. Most technology stocks rose, with Tesla up nearly 10%, Nvidia up more than 4%, Micron Technology up more than 3%, and Meta, Broadcom, and AMD up more than 2%. Intel fell nearly 7%, with Q2 revenue guidance lower than market expectations and the company lowering its full-year capital expenditure target.
                        
03:40

                            Shenzhen Stock Exchange organizes 11 high-quality Shenzhen companies to go on roadshows in Hong Kong Foreign institutions: A-shares show significant relative advantages
                        
                            On April 24, the Shenzhen Stock Exchange organized representatives from 11 high-quality listed companies in Shenzhen to visit Hong Kong for face-to-face exchanges with nearly 30 international investment institutions. These 11 companies come from the fields of intelligent manufacturing, new energy, high-end consumption, biomedicine, artificial intelligence, etc. Foreign institutions generally stated that since the beginning of this year, a number of phenomenal technological highlights have emerged in China's economy, and new momentum in different fields is accumulating and growing. High-quality A-share listed companies represent China's economic development potential and have become valuable investment targets against the backdrop of increasing global economic uncertainty. Foreign institutions have a relatively positive overall view of A-shares, believing that A-shares have demonstrated significant relative advantages and demonstrated resilience in a turbulent global environment. Zhang Yiming, managing director of CICC and executive head of global equity business, said at the meeting that foreign institutions are generally optimistic about the medium- and long-term development prospects of the Chinese market, especially A-shares and Hong Kong stocks.
                        
03:14

                            Kunlun Wanwei: Net loss of 1.595 billion yuan in 2024, turning from profit to loss year-on-year
                        
                            Kunlun Wanwei announced that its operating income in 2024 will be 5.662 billion yuan, a year-on-year increase of 15.20%. The net loss in 2024 was 1.595 billion yuan, and the net profit in the same period last year was 1.258 billion yuan. Basic earnings per share is -1.3 yuan/share. The company plans not to pay cash dividends, bonus shares, or increase capital by providing public accumulation funds. Specifically, in order to consolidate the company's leading position in the field of AI, R&D investment was further increased during the reporting period, and the various short-term costs and related expenses incurred affected the profit performance of this period to a certain extent; on the other hand, investment income performance was also lower than the same period last year, and investment-related losses caused by fluctuations in financial asset prices were 820 million yuan. The above two factors combined resulted in a loss in performance during the reporting period.
                        
03:04

                            A U.S. judge is scheduled to hold a hearing on Google's digital advertising on May 2 to discuss remedies in an antitrust lawsuit filed by the U.S. Department of Justice and various states.
                        
03:03

                            U.S. judge sets May 2 hearing on Google digital advertising
                        
                            A U.S. judge is scheduled to hold a hearing on Google's digital advertising on May 2 to discuss remedies in an antitrust lawsuit filed by the U.S. Department of Justice and various states.
                        
02:46

                            California is seeking public comment on proposed regulations for self-driving vehicles.
                        
02:45

                            Apple, AAPL, iPhone could triple in price to $3,500 if they’re made in the US
                        
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