BioNTech SE (BNTX. O) widened its decline to 12%, Moderna (MRNA. O) fell 8.2%, and Pfizer (PFE. N) fell 3.1%. On the news, US media said the Trump administration linked child deaths to COVID-19 vaccination.
At a joint event that brought together industry and academia to focus on stablecoins, the head of the Bank of Korea's digital currency research laboratory expressed his views on stablecoins, arguing that stablecoins need to be supported by the central bank. Yun Sung-guan, an official at the Bank of Korea, said: "Stablecoins are not new currencies, but the product of tokenizing existing currencies on a distributed ledger." He further added: "To achieve stable operation, the central bank still nee...
CITIC Securities Research Report believes that Hong Kong and the United States have recently promoted the legislative process of stablecoin-related bills to varying degrees. Stablecoins can provide a stable trading method for RWA token assets, enhance market liquidity, and help promote the further implementation of Chinese mainland enterprises' RWA issuance projects in Hong Kong. At the same time, the stablecoin bill is expected to indirectly boost the construction of digital currency-related pa...
On May 28th, the reporter learned from the National Bureau of Disease Control and Prevention on the 28th that at present, the upward trend of the COVID-19 pandemic across the country has slowed down, and the epidemic in most provinces has reached a high point or shown a downward trend. The dominant epidemic strain is the sixth-generation subbranch NB. 1.8.1 of the XDV mutant strain. The virulence has not changed significantly, and the clinical severity of the disease has not changed significantl...
On May 19, MIIT and other 9 departments jointly issued the "Implementation Opinions on Accelerating the High-Quality Development of the Science and Technology Service Industry". The "Opinions" propose to promote the all-round development of the science and technology service industry and make comprehensive arrangements around key areas such as research and development, technology transfer and transformation, and business incubation. The "Opinions" make it clear that it is necessary to optimize t...
On April 22nd, the US stock market fell again on Monday, with the Dow closing down 2.48%, the S & P 500 index falling 2.36%, and the Nasdaq index falling 2.55%. The main reason for the sharp decline in US stocks was that US President Donald Trump stepped up his attacks on Federal Reserve Chairperson Jay Powell, raising questions about the independence of the Federal Reserve. At the same time, traders saw little sign of progress in global trade talks. As the threat intensified, the dollar also...
U.S. stocks fell again on Monday, with the Dow down 2.48 percent, the S & P 500 down 2.36 percent, and the Nasdaq down 2.55 percent. The big drop in U.S. stocks came as President Donald Trump ramped up his attacks on Federal Reserve Chairperson Jay Powell, raising questions about the Fed's independence, while traders saw little sign of progress in global trade talks. The dollar also came under pressure as threats intensified, hitting a three-year low...
The end of reciprocal tariffs is approaching, and Trump's "talk to talk" strategy takes effect? The S & P 500 is at its most oversold level since the COVID-19 pandemic triggered a slump, increasing the likelihood of a tactical rebound... Click to view...
Novavax Pharmaceuticals (NVAX. O) took a short dive, widening its decline to 4 percent, as the Wall Street Journal reported that the company's COVID-19 vaccine is unlikely to be approved anytime soon.
The neutral level of the central bank's policy rate may have risen since the COVID-19 pandemic, according to Bowman, a Federal Reserve governor. Several factors, such as low borrowing costs and supportive fiscal policy, immediately took hold in the wake of the pandemic, according to Bowman, which kept the U.S. economy on a mostly solid footing even after the Fed's big rate hikes in 2021 and 2022. The same factors could cause the so-called neutral rate to rise. Economists also refer to this level...