Investing US$2.7 billion to upgrade facilities, Nippon Steel demonstrates U.S. Steel's long-term development commitment

Optimistic expectations hit 7,400 points, Morgan Stanley is optimistic about the growth potential of the S & P 500

US stocks after hours

Four major U.S. stock indexes

The Dow Jones Industrial Average was-0.13% to 43,389.60, the S&P 500 Index was +0.39% to 5,893.62, and the technology-dominated Nasdaq Index was +0.60% to 18,791.81.In terms of industrial trends, energy was the strongest, up +1.27%, and industry was the weakest, down-0.1%.

After-hours news of US stocks

Without importing billets or laying off employees, Nippon Steel alleviates concerns of the U.S. Steel Union.

Nippon Steel announced that it would buy U.S. Steel (X) for US$14.1 billion and promised its union that it would not import billets from overseas plants, cut U.S. steel billet production, or lay off employees in response to union concerns about the takeover.Executive Vice President Takashi Mori said the company plans to invest $2.7 billion to upgrade steel plant facilities across the United States.Takashi Mori will travel to Pittsburgh this week to meet with local steel workers and hopes to reach a consensus with the union to further promote the smooth progress of the acquisition.

Updated time: 2024/11/19 08:10

S & P 500 outlook analysis: Morgan Stanley forecasts as high as 6,500 points n Morgan Stanley (MS) has raised its 2025 target for the S & P 500 index to 6,500 points.Chief analyst Michael Wilson said that as business indicators gradually improve and the effect of the Fed's interest rate cut appears, corporate profits are expected to continue to grow in 2025, with P/E expected to reach 21.5 times.However, Wilson also stressed that this expectation could be influenced by subsequent policy and geopolitical changes.In the most optimistic scenario, the index may rise by 26% to 7,400 points, while in the most pessimistic scenario, the index may fall by 22% to 4,600 points.nn

Updated time: 2024/11/19 08:10

Huida expects to increase production capacity, Apple focuses on iPhone SE, new product sales attract attention nn

Barclays Bank (BCS) analyst Tom O'Malley pointed out that NVDA's Blackwell chips currently have a capacity utilization rate of only 50%, but is expected to increase to 80% in the next few quarters.As Blackwell-Ultra solutions enter the market, revenue from related products such as 300 and 300A single wafers will also grow.In addition, O'Malley said that Apple (AAPL) may plan to reduce production of existing iPhone models and reallocate resources to the iPhone SE, which is expected to be launched in the first quarter of next year. This model is expected to achieve the sales target of 25 million units. Finally, he also pointed out that AI PCs seem to be just hype, and companies have not actually incorporated it into business. It is expected that by 2025, AI PC sales will only be hundreds of thousands.

Updated time: 2024/11/19 08:10

Johnson & Johnson Icokinra Phase III trial successfully nn

Johnson & Johnson's (JNJ) oral plaque psoriasis drug Icokinra achieved its main goal in a phase III clinical trial.According to the Psoriasis Area and Severity Index (PASI) and Investigators 'Global Assessment (IGA) results, after 16 weeks of treatment, 64.7% of patients achieved IGA scores of 0/1 (near complete clearance), and 49.6% of patients achieved PASI-90.Under Johnson & Johnson's cooperation agreement with Protagonist Therapeutics (PTGX), Johnson & Johnson will pay a milestone payment of US$165 million, which is expected to be completed in 2025.nnn

Updated time: 2024/11/19 08:10

Goldman Sachs spun off its GS DAP platform to promote industry-wide distributed ledger solution nn

Goldman Sachs (GS) plans to spin off its GS DAP platform into a separate company, aiming to build the platform into an industry-wide decentralized ledger solution.Mathew McDermott, global head of digital assets at Goldman Sachs, said the spin-off plan is expected to be completed in the next 12 to 18 months, but still requires regulatory approval.Currently, electronic trading platform Tradeweb Markets (TW) has become the platform's first strategic partner, expanding its trading and liquidity functions to the fixed income field, further strengthening the application scenarios and market competitiveness of GS DAP.nnn

Updated time: 2024/11/19 08:10nnnn

Perplexity launches shopping tools, Shopify uses AI integration to welcome market attention nn

After AI company Perplexity launched the Buy with Pro shopping tool, Shopify (SHOP), an e-commerce platform as a partner, became the focus of the market.This tool allows users to obtain product information and complete purchases directly through AI without having to jump to third-party websites.Aravind Srinivas, CEO of Perplexity, said that the company will continue to invite more e-commerce companies to join the cooperation, integrate more products into the platform, and provide consumers with a more efficient and higher-quality shopping experience.nnn

Updated time: 2024/11/19 08:10

* NVDA and Google are working together to develop quantum AI processors.This collaboration combines Google's quantum algorithms with NVIDIA's Eos supercomputer to promote the deep integration of quantum computing technology and artificial intelligence and create a new generation of high-performance processor solutions.

* Novo Nordisk (NVO) launches popular weight loss drug Wegovy in China and sets its price at US$193.27 per month

*ServiceNow (NOW) will spend $2 billion to expand its data center in Japan to expand its business in Asia

*IBM announced that it will deploy AMD's Instinct MI300X accelerator on the IBM Cloud and launch it as a new service. This move will provide enterprise users with more efficient generative AI model support and computing applications, and further enhance computing performance and application development efficiency in the cloud environment