Ge Long Hui·2025-06-17 23:11Market Overview - US stock indices closed lower, with the Dow down 0.7%, Nasdaq down 0.91%, and S&P down 0.84. The VIX index rose 13.13% to 21.62. The dollar index increased by 0.69% to 98.83. The yield on the 10-year US Treasury fell by 1.237% to 4.392%, with a spread of 43.6 basis points compared to the 2-year Treasury yield. Spot gold rose by 0.09% to $3388.4 per ounce, while Brent crude oil increased by 5.4% to $76.92 [1]. Industry & Stocks - The energy sector was the only one to gain, up 0.93%, while the other nine sectors in the S&P 500 declined, with healthcare down 1.65%, materials down 0.98%, and technology down 0.71% [1]. - Chinese concept stocks mostly fell, with TSMC down 0.83%, Alibaba down 0.8%, Pinduoduo down 1.12%, and JD down 0.93%. Brain Rejuvenation Technology surged 30%, with a year-to-date increase of 64,208%. Li Auto fell 4.47%, and there was a significant share reduction by Wang Xing in Li Auto [1]. - Major tech stocks also saw declines, with Microsoft down 0.23%, Nvidia down 0.39%, and Apple down 1.4%. Oracle fell 1.38% as it launched a project to facilitate technology sales to the US Department of Defense [2][3]. Daily Focus 1. Brain Rejuvenation Technology saw a 30% increase, with a peak rise of 430% recently. The company announced FDA approval for its new neural modulation chip and plans to collaborate with the Mayo Clinic for Parkinson's disease research. However, it has not generated any revenue and faces high failure probabilities in its core therapy [4]. 2. Cathie Wood's Ark Invest sold over 340,000 shares of Circle after a significant price increase, realizing approximately $51.7 million from the sale [5][6]. 3. Eli Lilly is reportedly in talks to acquire Verve Therapeutics for up to $1.3 billion, which is nearly double Verve's current market value of $559 million [8]. 4. Elon Musk's xAI is attempting to raise $9.3 billion but is burning through cash at a rate of $1 billion per month, reflecting the high funding demands of the AI industry [8][9]. 5. Tesla's autonomous driving technology is reported to have surpassed Waymo's in terms of mileage and safety metrics, with Tesla's collision rate significantly lower than Waymo's [10].