In the UK, the minimum price for Wegovy, the "miracle weight-loss drug" from Novo Nordisk, which is sold for over $1300 per month in the United States, is £199, approximately $251, which is only about 19% of the price in the US. Due to the limited supply of Novo Nordisk's medication, most UK patients will have to wait for a period of time. Currently, only about 50,000 patients in England are able to use this medication.

Nordic's popular weight-loss drug, which has taken the United States by storm, has now arrived in the United Kingdom, with a price tag of less than one-fifth of what it costs in the US.

Arm's valuation may ultimately be between $50 billion and $60 billion, rather than the previously targeted range of $60 billion to $70 billion. The sluggish growth of the smartphone market and the temporary lack of benefits from the AI boom have both made Arm's prospects less promising. If Arm's IPO performs weaker than expected, it may even affect SoftBank's credit outlook.

Arm's valuation is likely to be lowered on the eve of its IPO. Can Masayoshi Son's bold gamble succeed?

GPU and high computational demand complement each other in the Transformer architecture. However, if in the near future, the Transformer that the AI world relies on is replaced by architectures with lower computational requirements, will it pose a threat to NVIDIA, the "shovel seller"?

NVIDIA's biggest risk lies in a corner that few people pay attention to!

《科创板日报》4 日讯，有消息称，阿里云考虑从国有公司融资至多 28 亿美元，在香港上市前考虑融资 100 亿至 200 亿元人民币。对此，阿里云相关人士回应称：暂时不予置评。

上市前考虑融资 100 亿-200 亿元？阿里云：不予置评

For Tesla and Chinese brand car manufacturers, Europe is an important battleground in the electric vehicle market. The adoption rate of electric vehicles is higher than in the United States, and there are also lower regulatory and tariff barriers.

Byton, Xiaopeng, and Tesla are competing in the European market. Who will emerge as the winner?

DIGITIMES Research 高级分析师 Luke Lin 指出，苹果今年 8 月已向供应链下达了 iPhone 15 系列下半年订单，总数为 8000-9000 万部，低于 2022 年 8 月为 iPhone 14 系列下达的 9000 万-1 亿部。

DIGITIMES Research：苹果 8 月已向供应链下达 iPhone 15 系列下半年订单 总数 8000-9000 万部

CLA Class is currently just a concept car. The car is expected to go into production next year and will be the first model of Mercedes-Benz's all-new entry-level electric vehicle.

Tesla needs to be careful! Mercedes-Benz issues a new challenge.

规划建设保障性住房工作部署电视电话会议 4 日在京召开，中共中央政治局委员、国务院副总理何立峰出席会议并讲话。何立峰强调，保障性住房建设是艰巨复杂的系统性工程，要坚持规划先行、谋定后动，扎实做好前期工作、严格项目管理和成本控制，综合考虑市场形势，合理把握建设节奏。要建立公平公正的配售机制，加强监督审计，重点针对住房有困难且收入不高的工薪收入群体及政府引进人才，按保本微利原则配售。保障性住房要实施严格封闭管理，不得上市交易。相关部门要抓紧完善政策体系，各地要加强领导力量，抓好组织实施，强化项目建设全链条监管，确保保障性住房建设取得预期成效。

国务院副总理何立峰：合理把握保障性住房建设节奏，保障性住房不得上市交易

比亚迪欧洲区总裁迈克尔·舒：比亚迪股份希望以 “实惠的价格” 进入欧洲电动汽车市场。

Based on the latest 2024 US Treasury yield of 3.6% combined with the risk premium model, the target range for the Hang Seng Index in 2024 is projected to be between 26,000 and 27,000 points, with an upside potential of 40%. This presents a highly attractive opportunity.

Upside potential of 40%! Southbound funds aggressively increase positions, how to buy Hong Kong stocks in September?

According to a report from Asdak Finance citing Bloomberg, Alibaba Cloud is considering a round of private financing from mainland state-owned companies before its planned listing in Hong Kong. Insiders say that Alibaba is collaborating with advisors on potential financing for its cloud intelligence business, with the possibility of raising around 10 to 20 billion yuan (approximately 1.4 to 2.8 billion US dollars). The sources mentioned that potential investors include state-owned telecommunications companies. The report states that these considerations are still in the preliminary stage, and the details of the financing, such as scale and timing, may change.

Media News: Alibaba Cloud plans to raise up to 20 billion RMB through a non-public offering before its IPO in Hong Kong.

Gianarikas rates Tesla stock as a Buy with a target price of $293. He states that the price reduction reflects the weak penetration rate of FSD.

Why did Tesla experience a significant drop: New Model 3 or FSD price reduction?

Citi has raised its target price for BYD Electronics by 62% to HK$42, mainly due to growing optimism towards BYD Electronics. They believe that the growth of the automotive business will be stronger than expected, while the consumer electronics business may experience a more significant recovery in profit margins.

Analysis Report | NIO's Target Price Raised! Dell Becomes Wall Street's "Top Pick" for US IT Hardware Stocks

据报道，小鹏汽车明年将开始在德国销售汽车。

Has the growth rate of North American cloud computing giants hit bottom? CITIC Securities predicts that the growth rate of sector revenue and profit margin is expected to recover in the second half of the year. The integration of AI capabilities will likely bring long-term growth momentum to cloud vendors in areas such as infrastructure, model optimization, applications, and basic software.

Microsoft, Google, Amazon! Can they continue to grow?

国君宏观指出，在当前经济背景下，红利加成长的资产组合大概率会持续占优，这背后是股权财政和活跃资本市场两个宏观政策路径的长期确定性。当前基本面在供需两端均存在结构性问题，这意味着随着市场企稳，央企红利与科技成长的风会继续吹。

股权财政 + 活跃资本市场=红利 + 成长？

Yimingang Technology-B rose 12%, reaching HKD 20.8, with an IPO price of HKD 18.6. One lot can earn HKD 440.

As proven by "Suits," Netflix has the ability to keep people engaged on its platform even without new shows.

Naifei has another explosive TV series! Analyst: Target price $500

Sellers of water also have their worries.

Who has grasped the lifeline of NVIDIA?

China's real estate market has been revitalized by new government policies, and Sunac China has also been boosted by its fundamentals! Although Sunac's short-term finances are still under pressure, its first-half revenue growth of over 20% and a more than 30% reduction in net loss can be considered satisfactory. Both its fundamentals and operational data have withstood the scrutiny of audits!

Surging 34%! Why is Sunac China the strongest performer among domestic real estate stocks?

The upward momentum of the S&P 500 index may wane as economic data supports a prolonged period of tight monetary policy.

New Century's Biggest "Bull Trap"? US Bond Yields and the US Dollar "Take Off Together," US Stocks May Fall Another 9%!

港股中芯国际尾盘持续走强，现涨超 8%，创 6 月 20 日以来新高，成交超 21 亿港元。

中芯国际港股尾盘迅猛拉升，发生了什么？

以酱香咖啡之名：茅台与瑞幸各取所需

AI 概念港股午后涨幅扩大。截至发稿，美图公司涨超 11%，商汤涨超 8%，百度集团涨超 3%。消息面上，谷歌开发者大会将于 9 月 6 至 7 日在上海举办，此次大会将包括主旨演讲、专题演讲和工作坊的内容覆盖机器学习、生成式 AI、大型语言模型等领域。

AI 概念港股涨幅扩大 美图公司涨超 11%

Renowned investment research firm Morningstar recently released a report stating that cyclical consumer stocks in the US stock market, after reaching a disappointing low point in 2022, are expected to experience a strong rebound in 2023.

If you are afraid of high valuations in US tech stocks, you might want to consider these four undervalued consumer stocks.

香港财政司司长陈茂波周日发表网志，指调低股票印花税并不足以结构性、长期地刺激股市交投，令市场对香港会否减股票印花税存疑。陈茂波今出席活动时澄清，称 “大家不要误会”，强调并未排除减印花税的选项，只是需要以组合拳全面看，不能单靠一招。香港除不断提升自身竞争力，也要发挥好互联互通的角色，引进更多新水，基于地缘政治下大家关注资金量，故未来要研究如何更方便北水下来，而人民币双柜台只是其中一小部分，未来要研究更多风险管理及衍生工具产品，以及人民币国际化等。

香港财政司司长陈茂波澄清：未排除减印花税选项 需以组合拳全面看、不能单靠一招

Last Friday, Tesla options trading volume reached 3.44 million contracts, while Disney options trading volume doubled. Lululemon and Broadcom options trading volume increased by 6 times and 4 times respectively. NIO and Alibaba call options accounted for over 70% of the total trading volume.

US Stock Options | Alibaba, NIO Call Options Active, Dell Options Trading Surges 10 Times

新概念印钞机，比黄金更贵的显卡。

疯狂的 H100

Currently, the implied volatility of options is at a relatively low level, making it cheaper to buy options. You can also buy put options to protect long positions in futures.

US stocks rebounded after a volatile session. How to use options to protect profits?

Since the release of the heavyweight policies in the Chinese real estate market at the end of August, the combination of Policy 831 and the "Buy a House, Not a Loan" policy in Beijing and Shanghai has caused a surge in the stock prices of domestic real estate companies! The market has already seen the determination of the Chinese government to support the real estate market, and expectations are once again optimistic and high!

Hong Kong real estate stocks, why did they skyrocket today?

从中国人民银行北京市分行相关人士获悉，LPR 改革之前北京地区存在各个银行的利率下限并不是完全统一的情况，一些房贷业务比较集中的银行的利率下限可能高于其他银行，这种不同银行之间不一致的情况如何处理，目前仍在研究当中，但 9 月 25 日之前会向社会公布。

央行北京分行：正在研究 LPR 改革之前的存量房贷利率调整方案 9 月 25 日之前会向社会公布

融创中国涨超 30%，新城发展控股涨近 20%。

贵州茅台和瑞幸咖啡联合推出的酱香拿铁今日上市。“今天早上基本都是点这款的。其实它这个里面的酒味也没那么重，但是喝完肯定不能开车。” 该店店员表示。

实探茅台酱香咖啡首日上市现场 店员提醒：“喝完肯定不能开车”

曾在 2 月禁用 ChatGPT 的哈佛大学政策逆转，开始将 AI 引入教学中。哈佛意识到，一味的禁止无法改变现实，应该顺应技术潮流，并以安全的方式将 ChatGPT 整合到教育中提升教学效率和质量。

哈佛大学将 ChatGPT 等生成式 AI 用于教学，并发布使用指南

The market is still waiting for more "targeted" policies! The future performance of the market depends on the improvement of investment sentiment and the implementation of more practical and effective policy measures, such as the down payment ratio for second homes in first-tier cities, even the relaxation of purchase restrictions, further reduction of LPR, and expansion of fiscal expenditure.

Hong Kong stocks: Is the "policy bottom" stable? What is the market still waiting for?

海伦司决定向蜜雪冰城看齐

恒生科技指数涨超 3%，万国数据涨 6.89%，领涨成分股，哔哩哔哩涨超 5%。

据新华网，特斯拉中国总裁王昊日前在北京国家会议中心接受记者专访时表示，中国新能源汽车市场非常大且发展势头很好，特斯拉期待与中国新能源汽车产业携手并进。王昊说：“供应链上的中国企业与特斯拉一起成长，因为新能源汽车的底层研发很多，从想法到实现装配，特斯拉都在和这些企业一起推进。今年上半年，特斯拉宣布加码投资，将在上海新建储能超级工厂。预计在不久的将来，我们就会开始建设储能超级工厂，产品将主要用于出口。

特斯拉中国总裁王昊：预计在不久的将来，我们就会开始建设储能超级工厂，产品将主要用于出口

9 月 1 日，上海、北京先后宣布全面执行 “认房不用认贷” 政策，至此北上广深四个一线城市已全部落实首套 “认房不认贷” 政策。

京沪 “认房不认贷” 首个周末：售楼处通宵卖房、“一天赶上一个月”，二手房加速成交

港股内房股大涨，融创中国涨超 20%，新城发展控股涨 17%，龙湖集团、华润置地、绿城中国、碧桂园涨超 10%。

拿下加密支付许可，推特想把 “扫一扫” 推向全球？

马斯克的 X 构想：从抄微信到超微信

中金初步预计 “认房不认贷” 和下调 “首付比例下限” 可能将提升未来数月销售增速 6.5ppt，也会温和提升房地产开发投资；降存量房贷利率和二套利率下限可为居民年化增收 2250 亿元。

中金详细测算：楼市 “组合拳”，影响有多大？

Chanel raises prices again, exceeding 80,000.

港股科网股造好，微博涨 5%，哔哩哔哩、京东、阿里巴巴涨 3%。

龙湖集团、碧桂园涨超 5%，融创中国涨超 8%，禹洲集团涨超 13%。恒生科技指数涨 1.87%。

恒指高开 1.14%，地产股走高

港股开盘，恒指开涨 1.14%，科指开涨 1.87%。造车新势力走强，蔚来汽车涨超 3%，理想汽车涨 2.7%。

月度销量创新高，比亚迪还要促销。今年 8 月以来，已有特斯拉、蔚来、零跑、哪吒、奇瑞新能源理想等超过 10 家车企，相继宣布降价或实施促销活动。

月销 274386 台了，比亚迪还得继续卷！

Today, the US stock market is closed. Keap has made architectural adjustments to its R&D line. Musk said that the video views on the X platform have roughly doubled since last year. Meituan's "God Snatcher" live streaming business has been launched in 7 cities including Beijing and Shenzhen. Meta has released the open-source dataset FACET to address AI model fairness issues. European pharmaceutical giant NovoNordisk has become the market value leader in Europe thanks to its miraculous weight-loss drugs. Yiming Angke-B will conduct dark pool trading today and will be listed tomorrow. It is rumored that Arm's IPO in the US will be priced at $47-51 per share.

Breakfast | Everything points to the Fed's halt in interest rate hikes, Hong Kong's financial secretary says reducing stamp duty is not enough to stimulate Hong Kong stock trading.

特斯拉创始人马斯克带火、被很多人奉为 “减肥神药” 的司美格鲁肽热卖，其制造商丹麦制药巨头诺和诺德也一举超越奢侈品巨头 LVMH，成为欧洲市值最高的公司。受市场对减肥药需求的推动，诺和诺德股价一路飙升。自 2020 年底以来，诺和诺德股价已上涨了两倍多，在过去 12 个月里则上涨了 66%。最新数据显示，诺和诺德市值约为 4236 亿美元，而在法国上市的 LVMH 市值约为 4213 亿美元。由于诺和诺德为丹麦带来了海量的出口收入，丹麦甚至不得不降低利率并且增加外汇储备，以刻意削弱本国货币的竞争力。