Global Power Shift Robert Hamilton The China-Russia Relationship The Dance of the Dragon and the Bear Global Power Shift Series Editor Xuewu Gu, Center for Global Studies, University of Bonn, Bonn, Germany Managing Editor Hendrik W. Ohnesorge, Center for Global Studies, University of Bonn, Bonn, Germany Advisory Editors G. John Ikenberry, Princeton University, Princeton, NJ, USA Canrong Jin, Renmin University of Beijing, Beijing, China Srikanth Kondapalli, Jawaharlal Nehru University, New Delhi, India Beate ...

Key Takeaways Industry or Company Involved * **Tesla Inc (TSLA.O, TSLA US)**: The focus of the document is on Tesla Inc, a leading electric vehicle (EV) manufacturer. Core Views and Arguments * **4Q Delivery Miss**: Tesla missed its delivery expectations by 3% in 4Q, primarily due to a relatively aged product lineup and increased competition from lower-priced EVs ahead of the introduction of the new, cheaper model (Juniper) in early/mid-2025. * **Inventory Reduction**: Despite the delivery miss, Tesla achieved a 6 to 7-day reduction in days' supply of inventory in 4Q, driven by delivering 36k more units than it produced. This resulted in a ~$1.6bn working capital inflow during the quarter. * **Energy Storage Deployment**: Tesla's energy storage deployments exceeded expectations by 15% in 4Q, with 11.0 GWh deployed vs. 9.09 GWh expected. This brought the annual growth rate to 113% y/y compared to 2023. * **Valuation**: Morgan Stanley's price target for Tesla is $400.00, based on a valuation methodology that considers the core Tesla Auto business, Tesla Mobility, third-party supplier, energy, and network services. Other Important Content * **Morgan Stanley's Stock Rating**: Morgan Stanley maintains an "Overweight" rating on Tesla, with an industry view of "In-Line" and a price target of $400.00. * **Risks**: The document highlights various risks to Tesla's upside and downside, including competition, execution risk, market recognition of new services, China risk, and valuation. * **Analyst Certification**: Adam Jonas, CFA, the lead analyst on the report, certifies that their views are accurately expressed and that they have not received compensation for expressing specific recommendations or views. References * [doc id='2'] * [doc id='5'] * [doc id='6'] * [doc id='10'] * [doc id='15']

M Global Idea Global Credit Strategy We briefly explore themes that defined 2024. Chief among these was credit's ability to be driven by...credit, with low correlation to rates, elevated single-name risk and a bucking of the regional trends of other markets. Theme #1 – equities over bonds (again): Global equities outperformed global bonds by ~21%. US Treasuries lagged T-Bills for the fourth straight year. Theme #3 – let credit be credit: The return of credit in 2024 came entirely from...credit. Lower correl ...

更多一手调研纪要和研报数据加V： shuinu9870 shuinu9870 The authors wish to thank Harshit Mittal, of the J.P. Morgan Global Research Center, for contributions to this report. 更多一手调研纪要和研报数据加V：shuinu9870 更多一手调研纪要和研报数据加V：shuinu9870 更多一手调研纪要和研报数据加V：shuinu9870 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Outline 2025 Outlook Overview and Top Picks 2025 Buyside Survey Highlights Intermodal Outlook 4 Railroad Outlook Truckload Carriers and Brokers Outlook LTL & Logistics Outlook 4 Key Sector Themes and Fundamentals 5 62 80 10 76 Parcel Outlook St ...

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shuinu9870 shuinu9870 shuinu9870 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 12 December 2024 | 1:34AM HKT shuinu9870 更多一手调研纪要和研报数据加V： shuinu9870 更多一手调研纪要和研报数据加V： China Consumer Connection: Online Brand Tracker: Nov pullback post Oct surge on earlier Double 11; Oct+Nov Durables led yet Beauty lag | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

06 Dec 2024 03:00:00 ET │ 13 pages US Semiconductors October Sales Slightly Above Our Forecast But Below Seasonality. Maintaining C24 Semi Sales of Up 17% YoY. CITI'S TAKE On Thursday, the SIA announced October monthly sales of $53.4 billion (down 12.6% MoM), slightly above our estimate of $53.2 billion (down 12.9% MoM) but below seasonality of down 7.8% MoM due to weaker Microcontroller and Analog sales. We maintain our 2024 semi sales forecast of up 17% YoY as we expect 4Q24 sales to trend below seasonali ...

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Industry Overview - The California Consumer Privacy Act (CCPA) is a groundbreaking data privacy law that extends protections to workers in California, including employees, independent contractors, job applicants, and former employees [3][7][18] - The CCPA grants workers the right to know when their data is being collected, access their data, request corrections or deletions, and opt out of the sale or sharing of their data [5][22][25] - The law applies to large for-profit businesses in California that meet specific revenue or data handling thresholds, such as having more than $25 million in gross annual revenue or buying/selling personal information of 100,000+ consumers [10] Worker Data Rights Under CCPA - Workers have the right to know the categories of data collected, the purpose of collection, and whether the data is sold or shared [20] - Workers can request access to their data, including data sold or shared, and businesses must comply within 45 days, free of charge [22][23] - Workers can request corrections or deletions of inaccurate data, and businesses must notify third parties to comply with these requests [24] - Workers can opt out of the sale or sharing of their data and limit the use of sensitive personal information for profiling purposes [25][27][28] Data Collection and Coverage - The CCPA covers a wide range of worker data, including personal IDs, demographics, employment-related data, biometric data, health and wellness data, and social media activity [12][13][15] - Sensitive personal information, such as Social Security numbers, union membership, and health data, is also protected under the CCPA [16] - Businesses must limit data collection, use, and sharing to what is "reasonably necessary" for stated purposes and cannot retaliate against workers for exercising their rights [30] Enforcement and Compliance - The California Privacy Protection Agency (CPPA) enforces the CCPA, and workers can file complaints for violations [30][66] - Businesses must provide multiple methods for workers to submit data requests, including toll-free numbers and online webforms [46][47] - Workers can designate authorized agents, such as unions, to make data requests on their behalf, and businesses must verify the identity of the requester [35][37][53] Privacy Policy Requirements - Businesses must provide a comprehensive description of their data practices in their privacy policies, including the types of data collected, purposes, and worker rights [80][82] - Privacy policies must be updated annually, easy to read, and available in languages used by the business [87] - Workers must be informed of their rights to access, delete, correct, and opt out of the sale or sharing of their data [84][86]

M Update Cosmetics & Personal Care Products | Japan November 29, 2024 02:38 AM GMT Reports of Sanitary Product Issues in China: Japan HPC & Beauty Trends (Week Nov 29) Short-term boost for Japanese firms, national standard pending It started with quality complaints to local makers: As reported by Chinese state media, quality concerns have been raised for sanitary goods in China (China Daily, 26 Nov). The report says the issue started with customers claiming that some locally produced sanitary items were sho ...