Zhi Tong Cai Jing·2025-11-13 15:11Group 1 - The U.S. stock market opened lower, with the Nasdaq dropping 1.3%, and major tech stocks like Nvidia and AMD falling over 3% [1] - Apple has reached an agreement with Tencent, allowing Apple to handle payments and take a 15% cut from in-app purchases in WeChat mini-games, which opens new revenue streams for Apple and alleviates pressure on Tencent [1] - Tencent's President, Liu Chiping, mentioned the strong relationship between Tencent and Apple, indicating ongoing discussions to enhance the mini-game ecosystem [1] Group 2 - Moody's Chief Economist Mark Zandi expressed concerns about the low likelihood of the U.S. avoiding a recession in the next year, emphasizing that perfect conditions are necessary to prevent economic downturns [2] - Zandi noted that artificial intelligence contributed 0.63 percentage points to U.S. economic growth this year, suggesting that without AI, the economy might have faced recession [2] - Zandi raised concerns that Trump's trade policies could accelerate the risk of a U.S. recession [2]