<h3>Top News in US Stocks</h3>
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Chinese Foreign Minister Wang Yi will visit Thailand from January 26th to 29th. As agreed by both China and the United States, Wang Yi will hold a new round of talks with US President's National Security Advisor Sullivan in Bangkok.
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Chinese Minister of Commerce Wang Wentao stated at a press conference that in the next step, China is willing to work with the United States to earnestly implement the consensus reached by the leaders of the two countries in their meeting in San Francisco. The communication and exchange mechanism established by the two countries' ministries of commerce will play a full role. This mechanism includes ministerial-level talks, biannual meetings at the deputy ministerial level, monthly consultations at the bureau level, and an information exchange mechanism for export control.
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Wang Wentao also mentioned that the competent authorities are actively promoting the formulation of regulations to standardize and promote the cross-border flow of data.
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Some US lawmakers have proposed a relevant biosecurity bill that suggests banning foreign biotech companies such as BGI Genomics and WuXi AppTec, as well as mentioning that &#34;WuXi Biologics CEO Chris Chen previously served as a part-time professor at the Chinese Academy of Military Medical Sciences.&#34;
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On the afternoon of January 26th, WuXi Biologics CEO Chris Chen responded, stating, &#34;This is just a proposal from an anti-China lawmaker, and the probability of it becoming law is very low, and it would take several years. I personally have never served in any military institution. We will clarify this as soon as possible.&#34;
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Novo Nordisk's semaglutide tablets have been approved for listing by the National Medical Products Administration (NMPA) of China for the treatment of type 2 diabetes. This is the first domestically approved oral GLP-1 (glucagon-like peptide-1) receptor agonist.
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Elon Musk's AI startup is seeking to raise $6 billion from investors.
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Senior executives at Tencent received written documents from Meta in December last year, indicating a temporary suspension of cooperation between the two parties on this generation of XR hardware. This document marks a phased suspension of Tencent's agency of the Quest headset.
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Microsoft's gaming division announced a large-scale layoff of 1,900 employees, mainly concentrated in departments such as Blizzard. In response, a representative from Blizzard China stated, &#34;This team and personnel adjustment involves the company at a global level, and some colleagues at Blizzard China have also been affected. On the other hand, finding local partners and resuming the operation of Blizzard games in the Chinese market remains one of our current priorities.&#34;
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Bank of America will issue approximately $800 million in restricted stock to most employees to control expenses while increasing compensation to retain talent.
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Wells Fargo increased CEO Charlie Scharf's compensation for 2023 to $29 million, an 18% increase from $24.5 million in 2022, including a base salary of $2.5 million and $26.5 million in cash and long-term equity awards.
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<h3>Pre-market Movement</h3>
In pre-market trading, the futures of the three major stock indexes in the US are down, and the fear index is up.
<img src="https://pub.pbkrs.com/cms/2024/0/wNSBx7tutPNNfiXpEtUbQ5tHN7EKGTMp.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/wNSBx7tutPNNfiXpEtUbQ5tHN7EKGTMp.jpg"/>
Bitcoin is currently trading at $40,106, up 0.2% in the past 24 hours; Ethereum is currently trading at $2,207, down 0.6% in the past 24 hours.
Tech stocks are generally down before the market opens, with only Tesla up nearly 1%. Intel is down over 12% due to lower-than-expected Q1 performance guidance. AMD is down over 2%, and Nvidia is down over 1%.
Chinese concept stocks are experiencing a significant decline, with Bilibili down over 3%, JD.com and NetEase down over 2%, and Li Auto, XPeng, Pinduoduo, Alibaba, and Nio down over 1%.
In other stock news, Western Digital is down over 5% before the market opens, and its Q2 cloud business revenue has decreased by 13% compared to the same period last year.
T-Mobile is down over 3% before the market opens, with Q4 revenue exceeding expectations but earnings per share falling short.
<h3>Strategy Review</h3>
1. Tesla: A Difficult 2023, a Struggle in 2024
2024 will be a challenging year for Tesla. The low-priced models cannot be mass-produced, the Cybertruck is still facing obstacles, and the older models face fierce competition. How Tesla can navigate through 2024 without a significant decline in profits will be its biggest test.
2. Is &#34;Weight Loss Pills&#34; surpassing &#34;Musk&#34;? Eli Lilly's Market Value Overtakes Tesla
Investor faith is shifting from electric vehicles to weight loss pills. &#34;The market tends to favor broad and significant trends, and one of those trends is electric vehicles and all of Tesla's products.&#34; &#34;But currently, the trend that is truly attracting investors is artificial intelligence and GLP-1 class weight loss pills.&#34;
3. Amazon, at 30, Faces Challenges from the &#34;Four Little Dragons&#34; in International Markets
The challenges faced by Taobao have also become a problem for Amazon.
4. Is it Time to Buy Tesla at a Low Price?
Crisis presents opportunities. Researchers have found that whenever Tesla falls by at least 5% to a 6-month low, the stock tends to have a strong rebound in the next 30 days! &#34;100% success rate! Average return rate of 18%!&#34;
5. Google, Microsoft, Meta Reach New Highs, Earnings Expectations for Next Week are &#34;Off the Charts&#34;
Investors are optimistic that the vigorous development of artificial intelligence, cost-cutting measures, broader economic growth, easing inflation, and prospects of interest rate cuts will contribute to the continued impressive performance of tech giants.

Tech stocks in the US stock market fell across the board before the market opened, with only Tesla rising by nearly 1%. Intel plummeted over 12% due to lower-than-expected Q1 performance guidance. AMD fell over 2%, while NVIDIA dropped over 1%. Chinese concept stocks also experienced a significant decline, with Bilibili falling over 3%, JD.com and NetEase dropping over 2%, and Li Auto, XPeng-W, Pinduoduo, Alibaba, and Nio all falling over 1%.

LB Select

Meta Platforms

Alphabet

Alphabet - C

Microsoft

Apple

Amazon

Tesla

NVIDIA

Intel

Netflix

Western Digital

T-Mobile US

Bilibili

JD.com

NetEase

Li Auto

XPeng

Alibaba

Baidu

Pre-market US Stocks | Intel plunges 12%, leading the decline in chip stocks! Chinese concept stocks fall, Tesla rises!