Hershey: After Michael Del Bozo leaves, CEO Michelle Barker will temporarily take over the American candy business. A successor will be sought from internal and external candidates.Huawei signed a comprehensive cooperation agreement with Huazhong Normal University. On December 10th, according to Huawei China official micro-news, Huazhong Normal University and Huawei Technologies Co., Ltd. signed a comprehensive cooperation agreement in Sanya, Dongguan. According to the agreement, the two sides will establish a comprehensive cooperative relationship in ICT talent training, scientific research innovation and smart campus.TSMC ADR fell before the market, but analysts said that the demand for artificial intelligence remained strong. TSMC ADR fell by 0.6% in pre-market trading in the United States, after the world's largest chip foundry announced its sales data for November. Analysts said that the data is a positive signal of TSMC's quarterly revenue. Bernstein analysts said that the company's revenue in October and November totaled 590 billion Taiwan dollars, accounting for 69.6% of TSMC's guidance midpoint in the fourth quarter of 2024, close to the high end of the range of 65-72% in December of the past eight years. If December follows the average seasonal factors of the past eight years, the income in the fourth quarter of 2024 will be 1.7% higher than the midpoint of the guidance interval and 1.2% higher than the market expectation.
Market News: Siemens Medical AG acquires Advanced Accelerator Applied Molecular Imaging Company.According to the data of the Federal Reserve Bank of new york, the guaranteed overnight financing rate (SOFR) was 4.63% on the last trading day (December 9), compared with 4.60% on the previous day. The effective federal funds rate on the last trading day was 4.58%, compared with 4.58% the day before.Slovak national debt agency: the total debt issuance should reach about 12 billion euros in 2025.
The US Department of Commerce has finalized a chip subsidy of more than $6.1 billion to Micron Technology. The White House said in a statement on Tuesday that the US Department of Commerce has finalized a plan to provide more than $6.1 billion in subsidies to Micron Technology, a memory chip manufacturer.Orient securities gave Yuekang Pharmaceutical Group Co., Ltd. an initial buy rating.In the third quarter of the United States, the productivity growth of 2.2% was in line with expectations. According to the data of the Bureau of Labor Statistics, the productivity in the third quarter increased by 2.2% year-on-year, which was in line with expectations. The forecast range of 32 economists is 2.1% to 2.8%. The US Bureau of Labor Statistics announced earlier that the initial productivity in the third quarter increased by 2.2%.