请务必阅读正文之后的免责条款部分 ASH 2025：关注 MM、CLL 等研发进展 本报告导读： ASH2025 释放多组数据，我们看好 MM 上双抗及三抗的研发进展，看好 TCE 单药及 联用方案在 MM（包括 EMD 人群）上的研发潜力。 投资要点： 行 业 专 题 研 究 证 券 研 究 报 告 股 票 研 究 股票研究 /[Table_Date] 2026.01.12 [table_Authors] 2026-01-13 [Table_Summary] 事件。2025 年第 67 届美国血液学会(ASH)年会于 2025 年 12 月 6-9 日在美国奥兰多举行，会议由美国血液学会(ASH)主办。美国血液学 年会(ASH 年会)是全球血液学领域最大最全面的涵盖恶性与非恶性 血液病学的国际盛会。 多发性骨髓瘤：BCMA/CD3+dara 联用于 2LMM 疗效优异。Tec-Dara 联合治疗组和对照组 DPd/DVd 的中位 OS 均为达到 Tec-Dara 的 36 个 月的 OS 率达到 83.3%，对照标准治疗组为 65.0%，HR 值为 0.46。 Tec-Dara 联合治疗组将 DPd/DVd ...

Johnson & Johnson (JNJ) closed the most recent trading day at $209.72, moving +2.61% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.26%. Prior to today's trading, shares of the world's biggest maker of health care products had lost 3.4% lagged the Medical sector's gain of 2.84% and the S&P 500's gain of 1.89%.The upcoming earnings release of Johnson & Johnson will ...

Johnson & Johnson convinced Delaware's highest court to throw out part of a $1 billion damages award for breaching its 2019 agreement to buy Auris Health, a maker of surgical robots. ...

The U.S. stock market today, Monday, January 12th, 2026, was largely influenced by significant political developments, creating a mixed trading environment. The Dow Jones Industrial Average (^DJI) was up 24.69 (0.0499%) points, reflecting a modest gain amidst underlying market uncertainty. This comes as Dow Futures (YM=F) also showed a slight increase of 26.00 (0.0523%) points.The primary narrative driving market sentiment was the unfolding situation surrounding the Federal Reserve. News broke that the Just ...

Question-and-Answer SessionLet me just open up the conversation, we're coming off of a year with significant outperformance for the stock, some really impressive kind of underlying fundamentals, would love just to hear about your top priorities for the company as we enter 2026.Joaquin DuatoCEO & Chairman Thank you. So first, thank you for organizing this impressive meeting. Every year JPMorgan does a very good job in bringing us all together and kicking off the year. So thank you for doing that. And thank y ...

Johnson & Johnson (NYSE:JNJ) FY Conference January 12, 2026 11:15 AM ET Company ParticipantsJoaquin Duato - Chairman and CEOChris Schott - Managing Director and Senior Equity Research AnalysChris SchottGood morning. I'm Chris Schott from JPMorgan, and it's my pleasure to be hosting this fireside discussion with Joaquin Duato, the Chairman and CEO of J&J. Joaquin, happy New Year.Joaquin DuatoThank you.Chris SchottGreat speaking with you today. Do you want to just open up the conversation? We're coming off of ...

Chip Somodevilla/Getty Images News Listen below or on the go via Apple Podcasts and Spotify Federal prosecutors open criminal investigation into Fed Chair Powell - NYT. (00:14) Allegiant (ALGT) to acquire Sun Country (SNCY) in $1.5B cash-and-stock deal. (01:42) Meta removes 550,000 accounts across its social media platforms in compliance with the under-16s ban. (02:30) This is an abridged transcript. The U.S. attorney’s office in the District of Columbia has launched a criminal investigation into Fed ...

Group 1: Tariffs and Pharmaceutical Sector - President Trump has threatened pharmaceutical tariffs of up to 250% and 500% on India over Russian oil purchases, indicating a shift in the administration's approach to tariffs as a tool for industry reshaping rather than negotiation [2] - Johnson & Johnson (JNJ) has secured an exemption from certain tariffs by committing to lower drug prices, joining 14 other major pharmaceutical companies in the "TrumpRx" program, which aims to align US drug prices with European counterparts [3] - Moody's Analytics reported a "collapse in pharmaceutical imports" as companies stockpiled goods in anticipation of tariffs, demonstrating the market's tendency to react preemptively to presidential announcements [3] Group 2: Energy Sector and Venezuela - Following the capture of Venezuelan President Nicolás Maduro, President Trump declared a national emergency and announced new sanctions, leading to a surge in US energy stocks, with Chevron (CVX) rising 5% and Exxon Mobil (XOM) increasing by 2.2% [4] - However, by January 10, 2026, analysts expressed skepticism about the viability of Venezuelan oil investments, citing a lack of legal pathways and the need for significant infrastructure rebuilding [5] - Venezuelan government bonds saw a rally, with a bond maturing in 2027 increasing from 31.5p to over 40p on the dollar, indicating market interest despite the geopolitical instability [5] Group 3: Credit Card Industry - President Trump proposed a one-year, 10% cap on credit card interest rates, aiming to save Americans "tens of billions of dollars," which has raised concerns among banking executives [6][7] - The banking industry, including the Bank Policy Institute and the American Bankers Association, warned that such a cap could lead consumers to less regulated alternatives and reduce credit availability [8] - Major credit card companies like American Express (AXP) and JPMorgan Chase (JPM) experienced stock declines of -1.92% and -0.18% respectively, reflecting market apprehension about the proposed cap [8] Group 4: Defense Sector - President Trump's executive order threatening to restrict stock buybacks and dividends for defense contractors initially caused a drop in defense stocks, but a subsequent announcement of a $1.5 trillion defense budget for fiscal year 2027 led to a rally in the sector [9][10] - Northrop Grumman (NOC) saw a premarket increase of 6.8%, while Lockheed Martin (LMT) rose 6.7%, indicating strong market response to the budget announcement [10] - The iShares US Aerospace & Defense ETF gained approximately 55% over the past year, significantly outperforming the S&P 500's 17% increase, highlighting robust demand in the defense sector [10] Group 5: Market Reactions and Trends - The US stock market exhibited polarized performance on January 8, 2026, with the DOW gaining 60.94 points (+0.12%) while the S&P 500 and NASDAQ Composite fell [13] - By January 9, 2026, the indices largely recovered, with the S&P 500 climbing 0.6% and the DOW adding 0.5%, indicating a rotation out of high-growth technology into heavy industry [14] - Analysts forecast a 10% increase for the S&P 500 in the remainder of 2026, although they acknowledge that presidential tariffs pose a significant source of uncertainty for market performance [15]

For decades, the crowds outside House of Nanking have been a fixture of San Francisco’s Chinatown, with lines frequently wrapping around the block to get a seat in the cramped, high-energy dining room, under the iconic, multicolored sign that crowns Kearny Street. But for Kathy Fang, the restaurant’s heir apparent, her presence in that kitchen represents a sharp deviation from the “American Dream” her parents envisioned for her—a deviation that initially caused them deep dismay.Peter Fang, the restaurant’s ...

Group 1 - The article discusses the expertise of Fred Piard, a quantitative analyst with over 30 years in technology, focusing on data-driven systematic investment strategies since 2010 [1] - Fred Piard manages an investing group called Quantitative Risk & Value, which emphasizes quality dividend stocks and innovative tech companies [1] - The article highlights that Fred provides various market risk indicators and investment strategies, including real estate, bonds, and income strategies in closed-end funds [1]