Mckinsey agreed to pay $650 million to settle the criminal investigation of opioids by the U.S. Department of Justice. Mckinsey submitted a five-year deferred prosecution agreement to the federal court in Abingdon, Virginia, and agreed to pay $650 million to settle the criminal investigation of the U.S. Department of Justice on its work in guiding the opioid manufacturer Purdue Pharmaceutical to increase sales. According to court documents, Martin Elling, a former senior partner of McKinsey, agreed to plead guilty to obstruction of justice because he destroyed McKinsey's consulting records for Purdue Pharmaceutical. He will plead guilty on January 10th next year. Mckinsey has previously reached various settlement agreements totaling nearly $1 billion. The company had previously faced lawsuits in several States in the United States, and was accused of providing sales analysis and marketing advice to pharmaceutical companies such as Purdue Pharmaceutical and Johnson & Johnson, which contributed to the popularity of opioids.USD/CAD of USD/CAD once rose by 0.2%, hitting a four-and-a-half-year high of 1.4244.Bank of America: Investors poured into China stocks in recent weeks, and Bank of America strategists said that investors put money into China stocks again in the past week. In the week ending Wednesday, China equity funds received about $5.6 billion, the largest inflow in nine weeks, strategists such as Michael Hartnett quoted EPFR Global data as saying. He also believes that the first quarter of next year will be the entry point for non-US stocks. As investors have deployed a large number of positions for the rise in the yield of US dollars and US bonds, there is a risk of overshooting early next year. He believes that bonds, gold and international stocks are attractive under the assumption that persistent inflation forces the Fed to become more hawkish.
Research institutions predict that Thailand's economy will grow by 2.4% in 2025. Thailand Kaitai Research Center released a report on the 13th, saying that it predicted that Thailand's gross domestic product (GDP) will increase by 2.4% in 2025, slightly lower than the growth forecast of 2.5% in 2024. The Kaitai Research Center believes that the slowdown in Thailand's economic growth is mainly due to the weakening of tourism, and it is expected that Thailand's exports to the US market will slow down. (Zhongxin. com)According to HKEx documents, Ganyuan Weike Holdings Co., Ltd. submitted an application for listing to HKEx.China Institute of Building Research signed a strategic cooperation agreement with Huawei, and China Institute of Building Research Co., Ltd. signed a strategic cooperation agreement with Huawei Technologies Co., Ltd. According to the agreement, the two sides will deepen cooperation around the digital and intelligent transformation of the construction industry.
Important figures of the South Korean police were detained, and Zhao Zhihao, director of the South Korean Police Department, and Kim Fung-sik, director of the Seoul Police Department, were detained on the evening of 13th. It is reported that the Seoul Central District Court said that Zhao Zhihao and Jin Fengzhi had the possibility of destroying evidence, so they issued detention orders. According to South Korean police investigation, the two men concealed the fact that they had met with President Yin Xiyue before martial law. South Korean police arrested Zhao Zhihao and Jin Fengzhi on suspicion of civil strife in the early morning of 11th. According to Korean law, after the police urgently arrest the suspect, if there is no detention order, they must release him within 48 hours.Lianchuang Optoelectronics: It is planned to terminate the acquisition of Lianchuang Superconductor's equity. Lianchuang Optoelectronics announced that the company originally planned to realize the merger of Lianchuang Superconductor through capital increase and acquisition of a small number of equity. However, during the reply, it was found that there were significant differences between the financial data of Lianchuang Superconductor in 2023 and the 2023 annual report disclosed by Yinggu, the parent company of Ningxia Xuying, which mainly involved the issue of revenue recognition. In addition, the validity period of Lianchuang Superconducting Audit Report and Asset Appraisal Report will expire soon, and it needs to be re-audited and re-evaluated if the transaction continues. By the end of October 2024, Lianchuang Superconductor had achieved an operating income of 45.2084 million yuan, a net profit of-13.1177 million yuan and a net profit of-14.7016 million yuan, which was far from the annual target of the 2024 performance forecast data calculated in the previous asset appraisal report. Based on the principle of prudence, in order to protect the interests of listed companies and investors, the company intends to decide to terminate the above transactions.Morgan Stanley lowered the Nike target price from $82.00 to $80.00.
Strategy guide 12-14
Strategy guide
12-14