Us stocks fell after Thanksgiving, following the decline in global markets, as investors worried that the novel coronavirus variant found in South Africa would trigger a new epidemic and undermine the fragile economic recovery. At Friday's close, the Dow was down 905.04 points, or 2.53%; the Nasdaq was down 353.57 points, or 2.23%; and the S & P 500 was down 106.84 points, or 2.27%. A spokesman for Pfizer Inc (Pfizer) said that if there are new variants that can "immune escape" to the vaccine, Pfizer Inc and BioNTech are expected to develop and produce a vaccine specifically for such variants in about 100 days, subject to regulatory approval.

Merck & Co Inc (MSD) on Friday updated the final trial data of Molnupiravir, a new oral drug developed by the company and Ridgeback Biotherapeutics, reducing the effective rate of the drug in reducing the risk of hospitalization or death from 50 per cent to 30 per cent.However, FDA staff still rated the drug as effective in reducing the risk of hospitalization and death. Monapiravir works by interfering with the genetic code of the virus, causing it to mutate too much to replicate completely, so in theory the new variant that triggered Friday's market crash will not have a fundamental impact on the drugs themselves.

EU countries reached a common position on Thursday on new rules to curb US tech giants, forcing them to do more to monitor illegal content on their platforms.The European Union has proposed two sets of rules, namely, the Digital Market Law and the Digital Services Law, which are aimed at Amazon.Com Inc, Apple Inc, Alphabet Inc-CL C and Facebook Inc. The digital market law makes a list of what to do and what not to do for companies that control data and access their platforms, and strengthens the regulation with fines of up to 10 per cent of their global turnover. Digital service rules force the tech giants to do more to deal with illegal content on their platforms, and companies that fail to comply will be fined up to 6 per cent of global turnover.

Investment in American chip production is increasing.Samsung Electronics plans to build a $17 billion chip plant in Texas that is expected to produce high-end semiconductors critical to 5G cellular networks, self-driving cars and artificial intelligence. Prior to this, Intel Corp, Taiwan Semiconductor Manufacturing Co Ltd and Texas Instruments Inc also made big bets in the United States. These new factories will take several years to put into operation. But the investment is expected to consolidate the US's production position in advanced process chip manufacturing, decades after the US ceded territory to Asian countries and regions such as Taiwan and South Korea. Now, however, chipmakers are also investing heavily in these areas.

Semiconductor manufacturer Infineon announced on Thursday that its supervisory board has decided to appoint the current COO Jochen Hanebeck as the new CEO, which will officially take office on April 1 next year.. Jochen Hanebeck's CEO contract runs until March 31, 2027, giving him a five-year term. Jochen Hanebeck, which has been in Infineon for 27 years, has experienced many important leadership positions. In 2016, he joined the Infineon Management Committee and served as COO. Jochen Hanebeck will take over as CEO from Reinhard Ploss

Tesla, Inc. (Tesla) announced the environmental impact assessment of the second phase of the production line optimization project of the Shanghai Super Factory (Phase I).. According to the EIA report, the total investment in the optimization project of the production line is as high as 1.2 billion yuan, of which environmental protection investment is 85 million yuan, accounting for 7.08%. The project is expected to start in December this year and be completed in April next year. According to Tesla, Inc. 's estimate, after the completion of the production line optimization project, the number of employees will be increased by 4000, and the number of employees in the plant will reach 19000. The production line optimization project is mainly for the expansion of stamping workshop, car body workshop, painting workshop, final assembly workshop and logistics operation center.

Hubertus Troska, head of Daimler China, said on Thursday that sales in China will remain strong next year.He said he believes Mercedes-Benz will increase its share of China's electric car market because the competition for high-end cars in the market is not fierce. Despite the COVID-19 outbreak, the company's car sales in China rose 12 per cent last year to a record 774000, up more than 8 per cent so far this year. 'it all shows that China will also become a supermarket next year, 'Troska said. The number of Daimler electric cars sold in China will increase from one to five next year, and Daimler will be able to gain a foothold in the high-end car market with higher prices, he said.

China Evergrande New Energy Vehicle said in a notice on the Hong Kong Stock Exchange on November 26 that in order to improve the overall efficiency of the group and replenish working capital, China Evergrande New Energy Vehicle has been actively negotiating with potential buyers to sell some of the group's health valley, new energy vehicle life projects and other assets.In addition, China Evergrande New Energy Vehicle is still in contact with different potential investors to introduce funds for the group, as of the date of this announcement is still in the process of negotiation. China Evergrande New Energy Vehicle has returned a total of 2.6633 million square meters of unstarted supporting land for daily use and industrial land, involving seven projects with a total amount of 1.284 billion yuan.

Car production in the UK fell 41% in October as global chip shortages affected production.It was the worst month in car production since 1956. According to the British Association of Automobile Manufacturers and Dealers (SMMT), 64729 cars went offline in October, compared with 110458 in October 2020 and 51680 in October 1956. Production in the first 10 months of 2021 fell 2.9% to 721505 vehicles. Of these cars produced in October, 11608 are for the domestic market, compared with 18689 in the same period last year.

The largest initial public offering (IPO) in India's history has turned upside down.. Shares of One 97 Communications, the parent company of Indian digital payments giant Paytm, tumbled 37 per cent in the first two trading days after it went public. Although it has rebounded since then, it is still 17% lower than the IPO offering price. One 97 Communications has received investment from Softbank Corp. Group and Berkshire Hathaway. In stark contrast to Paytm IPO's lacklustre performance is the boom in India's technology industry this year. India's total IPO has reached a record $14.6 billion this year, according to Dealogic. Investors are making a lot of money.

Japan's Asahi Kasei Company (AsahiKASEI) will commercialize the world's largest hydrogen production equipment in 2025. The electricity used comes from renewable energy, and the goal is to reduce the price of hydrogen energy to 330yen / kg by 2030, about 1/3 of the current current price. The cost of hydrogen energy business will be further reduced, and it is possible to establish a hydrogen energy supply chain that is essential for decarbonization.

Richemont, the Swiss luxury goods group, is moving its entire corporate IT infrastructure to Amazon cloud technology.By the end of 2022, Richemont will close European data centers and simultaneously migrate data centers in Hong Kong, China and the United States to Amazon Cloud Technology. As part of its digital transformation strategy, Richemont will migrate more than 5000 virtual machines and 120 SAP instances to Amazon Cloud Technology to modernize infrastructure, improve security levels and automate global business operations.

The Costco store in Suzhou will open on December 8, the second store on Chinese mainland after the opening of Shanghai Costco Minhang store in 2019.. Costco Suzhou Store is located at No. 9 Intercity Road of High-tech Zone, adjacent to Suzhou New District High-speed Railway Station, Metro Line 3 Huichang Road Station, and nearby Metro Line 6, surrounded by Beijing-Shanghai Expressway, West Ring, Central North Line and other expressways with convenient transportation; the current structure is a three-story building above ground, of which the first floor is a membership warehousing yard, and the second and third floors are parking lots, which can accommodate more than 1000 car parking spaces with a business area of more than 51000 square meters.

Recently, much attention has been paid to the trademark infringement sued by the Meat Jia Mo Association in Tongguan, Weinan, Shaanxi Province.The State intellectual property Office said on November 26 that "Tongguan meat Jia mo" is a geographical indication registered as a collective trademark, and its registrants do not have the right to license the use of the geographical indication collective trademark to merchants outside Tongguan and collect franchise fees.. At the same time, it has no right to prohibit businesses in Tongguan from properly using the place names in the collective trademark of the geographical indication. On the afternoon of the 26th, the Tongguan Mejia bun Association issued a letter of apology saying that it would immediately stop protecting the rights of operators in Tongguan and will actively and properly deal with issues related to the protection of rights in the early stage.

Financial report information

Meituan released his third-quarter earnings report for 2021. Quarterly revenue was 48.83 billion yuan, an increase of 37.9% over the same period last year; quarterly net loss was 9.99 billion yuan, with an adjusted net loss of 5.53 billion yuan. The revenue of catering takeout business was 26.5 billion yuan, an increase of 28.0% over the same period last year. The operating profit was 876 million yuan, an increase of 14% over the same period last year. Revenue from arrival, hotel and tourism business increased by 33.1% year-on-year to 8.6 billion yuan. The net operating profit increased from 2.8 billion yuan in the third quarter of 2020 to 3.8 billion yuan in the same period in 2021, an increase of 35.8% over the same period last year. The income of the new business and other divisions was 13.7 billion yuan, an increase of 66.7% over the same period last year, and the division lost 10.9 billion yuan in operation.

Pinduoduo reported quarterly revenue of 21.5058 billion yuan ($3.3376 billion) in the third quarter of 2021, up 51% from 14.2098 billion yuan a year earlier. The net profit attributable to Pinduoduo's common shareholders was 1.64 billion yuan, compared with a net loss of 784.7 million yuan in the same period last year. Not in accordance with the general accounting standards of the United States, the net profit belonging to Pinduoduo's common shareholders was 3.1502 billion yuan, compared with 466.4 million yuan in the same period last year. Revenue from online marketing services and other businesses was 17.9465 billion yuan, up 44% from a year earlier. Revenue from trading services was 3.4771 billion yuan, an increase of 161% over the same period last year.