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TezNewz delivers AI-scored financial news with impact ratings from -100 to +100. Latest stories cover Unknown sectors. Top impact story: "US Arrests Chinese Duo In Nvidia Chip Smuggling Scheme As Trump Loosens China Export Rules" with -60 impact score.
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Two Chinese nationals, Fanyue Gong and Benlin Yuan, have been arrested by the U.S. Justice Department for allegedly smuggling Nvidia's H100 and H200 chips to China, violating U.S. export controls. The operation reportedly began in November 2023, involving the use of intermediaries and false labeling to disguise the chips' intended destination. This arrest coincides with President Trump's recent decision to allow Nvidia to export certain chips to approved customers in China, highlighting ongoing tensions in U.S.-China tech relations.
Brian Armstrong, CEO of Coinbase Global Inc. (NASDAQ: COIN), expressed optimism about the U.S. cryptocurrency landscape, describing it as a 'golden age for freedom' that fosters innovation. He highlighted the potential for updating the financial system with cryptocurrency to reduce economic friction. Coinbase has benefited from a more favorable regulatory environment under the Trump administration, including the dismissal of a significant lawsuit by the SEC. Following these developments, Coinbase shares closed at $274.20, up 1.66% during regular trading.
Ascentage Pharma reported significant findings at ASH 2025 regarding its drug Olverembatinib, demonstrating a median event-free survival (EFS) of 21.2 months compared to 2.9 months for the best available therapy in chronic myeloid leukemia-chronic phase (CML-CP). The drug also showed a favorable safety profile with a 7% vascular occlusion rate and proved effective in patients without the T315I mutation, achieving an EFS of 11.9 months versus 3.1 months.
On Monday, the Dow Jones index fell over 215 points to close at 47,739.32, as U.S. stocks settled lower amid cautious sentiment ahead of a Federal Reserve decision. The CNN Money Fear and Greed index indicated an increase in fear, remaining in the 'Fear' zone with a reading of 31.2, down from 38.1. In notable market activity, Confluent Inc. surged 29% following reports of a potential acquisition by IBM, while Warner Bros. Discovery Inc. faced an intensified bidding war with Paramount Skydance Corp.'s $30-per-share cash offer.
Tigo Energy has launched a new feature for its EI Residential solar-plus-storage solution, called Dynamic Rate Management, which automates day-ahead price optimization to enhance savings and grid independence. This development is aimed at adapting to real-world demand, potentially increasing the appeal of their solar-plus-storage offerings. The stock ticker for Tigo Energy is TYGO.