Longbridge Breakfast | Wall Street warns of US stock risks, Alphabet-C launches AI system focused on cybersecurity
ByteDance denies "poaching OpenAI members with a salary of $1.4 million." LVMH becomes the world's ninth largest company by market capitalization, second only to Tesla. Microsoft will stop forcing Office software customers to install Teams automatically. Apple's headsets are compatible with most iPad applications and may adopt an external battery design. Disney has launched a second round of layoffs, affecting about 4,000 people. The US stock market will see its largest IPO this year, with Johnson & Johnson's consumer health subsidiary raising up to $3.5 billion.
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Market Overview
Most popular Chinese concept stocks fell, Pinduoduo fell 3.58%, Alibaba fell 2.5%.
Top Stocks
Google launches AI system focused on cybersecurity for the first time.
Microsoft agrees to stop bundling Teams with Office sales.
Guo Mingxi: The supply chain may decline in Microsoft's server shipments in 2023.
Epic's appeal failed, and the court upheld the original verdict: Apple is not a monopolist.
Netflix to invest $2.5 billion in South Korea.
LVMH becomes the first European listed company with a market value of $500 billion.
EVERGRANDE: A wholly-owned subsidiary plans to acquire Evergrande's automotive housing and property development project for a price of 2 yuan. EVERGRANDE: Will continue to suspend trading
ByteDance denies "140 million annual salary poaching OpenAI members"
Disney starts second round of layoffs, affecting about 4,000 people
IPO Opportunities
Green Bamboo Biological-B: Plans to issue 10.386 million H shares globally, starting today
Yijun Group Holdings: Plans to issue 102 million shares globally, starting today
Johnson & Johnson prepares to start roadshow for Kenvue stock, valued at about $40 billion
Macro and Strategy
The probability of the Fed raising interest rates by 25 basis points in May is 98.9% JP Morgan: Low volatility masks risks in the stock market
