[Pre-market performance] Flush (300033) U.S. stock news As of press time, the Dow futures, dominated by blue chip stocks, fell 0.24%; the S&P 500 index futures fell 0.37%, and the Nasdaq 100 index futures, dominated by technology stocks, fell 0.48 %. Popular Chinese concept stock

[Pre-market performance]

Flush (300033) U.S. stocks News As of press time, the Dow futures , which is dominated by blue chip stocks , fell 0.24%; S&P 500 index futures fell 0.37%, with technology stocks -based Nasdaq 100 Index futures fell 0.48%.

Jingdong , Baidu , Alibaba and other popular Chinese concept stocks generally fell before the market.

European stock markets fell. As of press time, Germany's DAX index fell 0.12%, France's CAC40 index fell 0.31%, and Britain's FTSE 100 index rose 0.04%.

In terms of commodity foreign exchange, as of press time, Brent crude oil rose 1.32% to US$100.65 per barrel.

[Financial News]

Jackson Hole Central Bank Annual Meeting is coming, pay attention to Powell’s speech

Jackson Hole Global Central Bank Annual Meeting will be held from August 25 to 27, Eastern Time, today at 20:00, Chairman of the Federal Reserve Powell will speak on the economic outlook at the meeting. The conference location is Jackson Hole, Wyoming, hosted by the Federal Reserve Bank of Kansas City, USA. The conference is one of the oldest central bank conferences. The most important figure at the meeting was Federal Reserve Chairman Powell. The market's focus was on how Powell interpreted the CPI data that fell in July and the monetary policy trends in the second half of the year. In August, Powell did not speak publicly. At the end of July, Powell said in a speech that it may be appropriate to slow down the pace of interest rate hikes at some point in time. If it still adheres to this view, the U.S. dollar index and U.S. stocks will be negatively impacted, and non-U.S. currencies will be boosted.

[Company News]

MicroFocus rose over 90% before the international market opened.

MicroFocus rose over 90% before the international market opened. On the news, OpenText agreed to acquire Micro Focus for US$6 billion (together with debt).

There are differences in price negotiations Merck's acquisition of Seagen deal has been shelved

Merck's negotiations to acquire anti-cancer drug company Seagen are said to have been shelved. Negotiations reportedly ended over disagreements over price. It's still possible that negotiations could resume and a deal could still be struck.

Boeing and NASA plan Starship launch mission in February 2023

Boeing and NASA said on Thursday they plan to launch the first Starship capsule mission with astronauts in February 2023 to the international space station . Steve Stich, manager of NASA's commercial crew program, said that although the exact launch date has not yet been determined, February "may be the best window."

Zuckerberg: Meta New VR headset will be launched in October

MetaCEO Mark Zuckerberg recently said that Meta’s next VR headset device will be released in October this year. In the past, the company usually held its Connect VR conference in October.

Micron Technology applies for property tax relief in Texas and plans to spend $160 billion to build a chip factory

Micron Technology is considering a plan to invest up to $160 billion to build a new semiconductor factory in central Texas. The company submitted an application to the state comptroller's office for property tax abatements in exchange for a potential new facility near Lockhart. Lockhart is located in the outer suburbs of Austin, about 48 kilometers south of Austin. According to the application, the project will be constructed in eight phases and construction will begin in January 2023.

EDA leader Synopsys will expand investment in Vietnam

American chip giant Synopsys Technology (Synopsys) will expand investment in Vietnam . According to media reports, Robert Li, vice president of sales for Synopsys Asia Pacific and India, said in an interview that the company will increase investment in Vietnam and consider transferring engineer training to Vietnam. Synopsys is one of the few U.S. companies that has a monopoly on electronic design automation (EDA). Robert Li said that by cooperating with foreign companies, Vietnam can start by designing mature process integrated circuits (ICs), such as refrigerators and air conditioners, and then gradually advance upstream of the value chain.

NIO : The independent internal investigation has been substantially completed. The accusations related to the short-selling report have no factual basis.

html On August 26, NIO announced the progress of its independent internal investigation today. As previously disclosed, after the short-selling report was released, independent directors Li Tingbin , Wu Hai and Long Yu formed an independent committee of the board of directors to conduct an independent internal investigation into the main allegations in the short-selling report. The independent internal investigation was conducted by an independent committee with the assistance of third-party professional advisors, including an international law firm and a well-known forensic accounting firm that is not the Company's auditor. At present, the independent internal investigation has been substantially completed. Based on its findings, the independent committee concluded that the allegations related to the short-selling report were unsubstantiated.

[Analyst Rating]

ConocoPhillips : MKM Partners raised its target price to $118 from $110, saying contracts linked to the oil and natural gas price index were also sold in the spot market, bringing good upside to the company benefit.

Coty Inc. : Piper Sandler raised its price target to $9 from $8 after the company reported upbeat fourth-quarter results.

Dollar General Corp: PiperSandler raised its price target to $273 from $265 after the company reported strong second-quarter results and raised its annual sales forecast.

Dollar Tree Inc. : Piper Sandler lowered its price target to $167 from $191 after the company lowered its 2022 profit forecast.

Peloton: Cowen lowered its price target to $20 from $35 after the company reported lower-than-expected fourth-quarter earnings and lowered its first-quarter revenue forecast.