Global news you need to know before the U.S. stock market opens on Friday

State Council: Research further efforts to enhance energy conservation and carbon reduction, and deploy measures to combat illegal activities related to tobacco throughout the entire chain. The China Securities Regulatory Commission (CSRC) released the "Regulations on the Supervision and Administration of Listed Companies (Draft for Public Comments)," marking the introduction of the first specialized administrative regulations for listed company supervision in China. The insurance sector surged! Risk factors have been further lowered, expanding "patient capital," and insurance funds are opening up more space for market entry. The China Internet Finance Association and six other departments issued a risk warning regarding the prevention of illegal activities related to virtual currencies. Larry Kudlow, Director of the National Economic Council at the White House, stated: Now is a good time for the Federal Reserve to "cautiously lower interest rates," expecting the Fed to take this action next week. The Reserve Bank of India cut interest rates by 25 basis points for the first time in six months and announced a trillion-rupee bond purchase plan. The European Union issued its first fine under the Digital Services Act, with Musk's X being fined €120 million. Streaming giant "swallows" Hollywood's century-old establishment: Netflix agrees to acquire Warner Bros. for $72 billion. According to Tencent News "Frontline," Baidu's Kunlun Core plans to go public in Hong Kong: It previously considered A-shares, with annual revenue exceeding Cambrian and Moore Threads. AI demand remains strong, with Hon Hai's November sales increasing by 25.5% year-on-year, and fourth-quarter visibility is "better than last month." Ahead of the PCE release, U.S. stock futures rose slightly, copper prices hit a new high, gold and silver increased, while Bitcoin's decline expanded. The Nikkei 225 index closed down 1.1%, the Shanghai Composite Index closed up 0.7%, and the Hang Seng Index closed up 0.58%