Internal staff at Nvidia cashed out over $1.8 billion in stocks this year, with more shareholding reductions on the way.
Although nvidia CEO Huang Renxun's 6 million shares have been sold, other insiders are still selling, for example, nvidia director Mark Stevens has already sold 1.6 million shares of stocks this year, and disclosed a plan to sell an additional 3 million shares.
Futu Morning Post | Fund managers are entering the Chinese stock market at a record speed! The 'China Dragon' ETF lands in the US stock market; foreign capital accelerates its positions! Morgan Stanley increases its shareholding in BYD and other companies
The size of the USA money market fund has reached a record $6.46 trillion; Biden's vague stance has sparked an energy storm, causing international oil prices to soar by over 5%; just after raising funds, OpenAI secured a $4 billion credit line, with liquid assets exceeding over $10 billion.
US regulators said eli lilly and co's weight loss miracle drug is no longer in short supply, causing "平替" manufacturer Hims & Hers to drop nearly 10%.
FDA stated that eli lilly and co's two exenatide-containing GLP-1 injection Zepbound and Mounjaro have been in short supply since 2022 due to increased demand, but the shortage issue is now resolved. Industry organizations say that FDA's determination equals to pharmacies stopping the allocation and distribution of generic versions of the two drugs.
Oil prices rise more than 5%! Is Israel going to attack Iranian oil facilities? Biden: Currently discussing.
Analysts believe that the oil market is not vigilant enough about the imminent major supply disruptions. With Israel potentially planning retaliatory attacks against Iran, possibly targeting its oil infrastructure, this prospect could impact bearish energy market participants. Analysts believe that the ultimate impact on global oil supply-demand balance and prices depends on the extent of Israel's response, and whether they see any actual damage to Iran's oil industry.
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