Financial Services, November 26 (Editor Xia Junxiong) Before the US stock market on Tuesday, futures for the three major stock indexes had mixed ups and downs, while Dow futures fell slightly. Major European indices generally declined.

(Source: Yingwei Financial)

The Dow has previously hit a new high for two consecutive trading days because the market expects US President-elect Trump's policies to benefit industrial stocks.

However, Trump announced on Monday local time that he will levy 25% tariffs on all Mexican and Canadian products entering the US. In addition, Trump also announced that he would impose an additional 10% tariff on Chinese goods.

The Federal Reserve will release the minutes of the November meeting at 3 a.m. Beijing time on Wednesday. Investors will look for clues about future monetary policy trends.

As of press time, Lilly is up nearly 5% in the premarket. According to the news, US President Joe Biden proposed Medicare and Medicaid to cover weight loss drugs.

Rivian rose nearly 9% before the market, and the company announced it was approved for a $6.6 billion loan to speed up construction of the Georgia plant.

Bitcoin continued its decline. It fell below 0.093 million dollars on Tuesday, and once approached the 0.1 million dollar mark last week.

Company news

[Intel locks in US $7.9 billion in chip subsidies for advanced chip factories]

Intel announced on November 26 that the US Department of Commerce and Intel have reached an agreement on relevant provisions, and the US Department of Commerce will provide direct funding of up to 7.86 billion US dollars for Intel's commercial semiconductor manufacturing projects in accordance with the “Chip Act.” The funding will support Intel's previously announced plans to advance key semiconductor manufacturing and advanced packaging projects in Arizona, New Mexico, Ohio, and Oregon. Intel also plans to claim the US Treasury's Investment Tax Credit, which is expected to receive up to 25% of eligible investments over $100 billion.

[Rivian received a $6.6 billion conditional loan commitment from the US Department of Energy to build a factory in the US]

US electric vehicle company Rivian announced on November 25, local time, that it has received a conditional commitment from the US Department of Energy's Advanced Technology Vehicle Manufacturing (ATVM) loan program, with a loan size of 6.6 billion US dollars.

The statement said that if finalized, the loan will support Rivian to build a new plant in Georgia, which can significantly expand the company's domestic production capacity to meet the needs of the US and international markets.

Rivian plans to build the plant in two stages, with an annual production capacity of 0.2 million vehicles at each stage, and a total annual production capacity of 0.4 million vehicles. The first phase of the project is expected to be put into operation in 2028.

[Hon Hai buys Texas land and factory for 33 million US dollars]

Exchange documents show that Hon Hai Group is acquiring a plot of land and a facility for operational purposes through a subsidiary in Harris County, Houston, Texas, USA.

[Japan is reported to have begun an antitrust investigation against Amazon's Japanese subsidiary]

On November 26, the Japan Fair Trade Commission began an on-site investigation into Amazon's Japanese subsidiary suspected of violating antitrust rules. Amazon's Japan branch is suspected of requiring sellers on its e-commerce platform Marketplace to set lower prices than other platforms. Amazon is also suspected of pressuring sellers to use its packaging and delivery services. Amazon's Japanese spokesperson said it will fully cooperate with the investigation.

[Google and Meta urge Australia to delay legislation banning children from using social media]

Meta and Google on November 26 urged the Australian government to delay a bill that would ban children under 16 from using most forms of social media, and said more time was needed to assess its potential impact. The government led by Australian Prime Minister Anthony Albanis wants to pass the bill this Thursday, which is currently one of the strictest controls on children's use of social media by any country. Google and Meta said in their opinion that the government should wait for the results of the age verification test before continuing.

Notable events during the US stock market (Beijing time)

November 26

23:00 US November Conference Consumer Confidence Index, US November Richmond Federal Reserve Manufacturing Index

November 27

03:00 The Federal Reserve announces the minutes of the November monetary policy meeting