Watch Baidu Closely

🇨🇳 🇨🇳 Baidu has a strong patent portfolio in AI-related technologies and has been ranked among the top companies globally in terms of AI patents. Baidu is working to integrate its Ernie AI model into smartphones from major Chinese brands like Lenovo, Samsung, and Honor

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Listen Up

🇨🇳 🇲🇽 LISTEN UP: China is no longer the number 1 source of imports into the US. Mexico is. NAFTA (now the USMCA) rewards companies to move more of their supply chains to North America, which is to the benefit of Mexico

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Alibaba Cuts Cloud Prices

🇨🇳 🇨🇳 Alibaba Group Holding Ltd. is cutting prices for cloud customers from the US to Singapore by as much as 59%, mirroring deep discounts at home as the once high-flying division struggles to fend off rivals and revive growth

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Only Two Rate Cuts

🚨 🚨 Only 2 Rate Cuts: Markets now favor just two reductions in interest rates, with swaps implying around 60 basis points of easing. That’s weighing on Treasuries with yields on 10-year debt within striking distance of the key 4.5% level some watch to determine whether rates revisit last year’s high

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Making Fuel From Water And CO2

🚨 🚨 Infinium is backed by Bill Gates and has buyers that include Amazon and American Airlines. Now, the company is trying to scale up its technology that makes fuel from water and carbon dioxide

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EURUSD: Shorts Are In Control

🇪🇺 🇪🇺 EUR/USD – Option Pricing Reinforces A EUR/USD Downside Outlook. Traders said to be holding EURUSD shorte to Thursday’s ECB meeting

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Watch Accenture

🚨 🚨 Accenture to acquire Japanese technology services provider, CLIMB

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AZN Has A New Cancer Drug

🇬🇧 🇬🇧 AstraZeneca Plc and Daiichi Sankyo’s Enhertu has become the first drug of its kind to be granted approval to treat tumors anywhere in the body if patients test positive for a protein known to speed up cancer growth

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TSMC Gets $6.6B Grant

BREAKING: The US plans to award Taiwan Semiconductor Manufacturing Co. $6.6 billion in grants and as much as $5 billion in loans to help the world’s top chipmaker build factories in Arizona, expanding President Joe Biden’s effort to boost domestic production of critical technology

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Net Yen Shorts At Highest Since 2007

🇯🇵 🇯🇵 Net yen shorts held by leveraged funds and asset managers rose to 148,388 contracts during the week ending April 2, the highest since January 2007, according to the latest Commodity Futures Trading Commission data

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