J P M O R G A N This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Solar Asia Pacific Equity Research 05 July 2025 Supply-side reform? Not easy to find solution to current situation; stock picks on valuation and risk/reward President Xi's remarks at the 6 ...

China Macro Tracker Economics Supply-side reform 2.0? Industry: Supply-side reform 2.0 in the making? Last week, the Central Commission for Financial and Economic Affairs (CCFEA) and the Ministry of Industry and Information Technology both called for a crackdown on the "cutthroat" competition fuelling fierce price wars among enterprises and warned about industrial overcapacity risks (Xinhua, 1 July). On the same day, Qiushi magazine (a prominent publication of the Chinese Communist Party) echoed the sentime ...

Industry Overview - The cannabis sector has experienced a steady decline, but there are indications that the future for marijuana stocks could improve [1] - Many companies are showing success and profitability, yet this has not significantly impacted the public sector [1] - The industry is awaiting federal reforms, such as rescheduling or banking reform, to create a more efficient and compliant market [2] Market Potential - Almost every state in the US has legalized cannabis, along with several global regions, indicating a growing market [2] - Canada is also a significant market, and there is a positive outlook for potential gains in the cannabis sector [3] Company Highlights - **Trulieve Cannabis Corp.**: Operates as a cannabis retailer, cultivating, processing, and distributing cannabis products. The company has filed a shelf registration statement with the SEC [4][6] - **Green Thumb Industries Inc.**: Manufactures and sells cannabis products for medical and adult use in the US, operating through Retail and Consumer Packaged Goods segments [6] Upcoming Events - Trulieve will hold a Q2 2024 conference call on August 6 to discuss its results [6] - Green Thumb Industries will release its second quarter 2025 financial results after the market closes on August 6, 2025, followed by a conference call [9]

Market Outlook - JPMorgan Chase & Co 预测，如果公司治理改革获得动力，韩国股市基准指数可能在两年内从当前水平上涨超过 50% [1]

Joining me now, Jeremy Edwards, former FEMA deputy director of public affairs. Jeremy, uh, DHS Secretary Christy Gnome denies there was any delay in providing resources. As someone who has been behind the scenes, who knows how things operate on the ground.What did you see in FEMA's response. Yeah, I think and and thank you for having me um on the show today. I think what I saw in FEMA's response is a break from a typical process that has previously allowed the agency to lean forward in events like this.And ...

TALLAHASSEE, Fla., July 11, 2025 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the launch of Redemption Cannabis products at Trulieve dispensaries in West Virginia.Redemption Cannabis, founded by industry advocate Ryan Basore, reinvests a portion of every sale to support individuals and families impacted by cannabis prohibition laws. Redemption's mission stems from Basore's commitme ...

Sir Keir Starmer should stop undermining Britain’s strengths, prioritise reform and arm himself with the "Poundland" strategy that can make the country better off https://t.co/nxLypRokgu ...

Core Viewpoint - The dairy industry is experiencing a paradox where companies are launching new products despite facing significant losses due to declining raw milk prices and overall market challenges. This trend indicates a potential shift towards innovation and self-rescue among dairy brands [5][6][7]. Group 1: Market Dynamics - Over 80% of dairy companies are currently operating at a loss, yet there has been a surge in new product launches, with 17 companies introducing 31 new products in the last two months [6][7]. - The domestic dairy product market is expected to see an increase in new SKU numbers for key categories like ambient milk, low-temperature yogurt, and cheese, indicating a rapid pace of innovation [6][7]. Group 2: Reasons for New Product Launches - The primary reason for the introduction of new products is the poor sales performance of existing products, prompting brands to seek new market segments and consumer groups [10][11]. - The dairy industry is facing a supply-demand imbalance, with a projected 30% increase in dairy production in 2024, while consumption is only expected to grow by 3% [12]. Group 3: Pricing and Market Strategy - Dairy companies are launching new products at higher price points to maintain profit margins, as many new items exceed the average market prices of 10 yuan per liter for ambient milk and 20 yuan per liter for yogurt [13]. - There is a notable shift towards low-temperature dairy products, which now account for 60% of new launches, reflecting changing consumer preferences for fresher, healthier options [15][16]. Group 4: Target Consumer Segments - The silver-haired population and the trend of "snackification" represent significant opportunities for dairy innovation, addressing health needs and emotional value [17][18]. - The silver-haired demographic, despite being large, has low dairy consumption due to dietary habits and lactose intolerance, presenting a challenge for brands to meet their nutritional needs [18][19]. Group 5: Innovation and Marketing Strategies - Successful dairy products are increasingly driven by flavor and fun rather than just nutrition, with brands leveraging social media for marketing [20][21]. - Innovative product forms, such as the cross-category "frozen yogurt" from Jianai, exemplify how brands can extend shelf life and enhance consumer engagement through unique packaging and consumption experiences [21][22]. Group 6: Industry Outlook - The dairy sector is at a critical juncture requiring structural changes to avoid homogenization and enhance product value [24]. - Companies must focus on creating unique value propositions, whether through technological advantages or deep market understanding, to thrive in a competitive landscape [25].

We have talked about how Trump's budget bill includes cuts to programs like Medicaid and food assistance, but Vice President JD Vance has already told us what else the bill does do. It sends a lot more of your tax dollars to ICE. Vance posted that the CBO score and Medicaid are quote immaterial compared to the ICE money and immigration immigration enforcement provisions.This means ICE gets $45 billion to expand its detention facilities, you know, a lot of those private prisons, and $30 billion for arrest an ...

July 10, 2025 06:18 PM GMT China Musings | Asia Pacific Supply-Side Reform Returns... But This Time It's More Complicated China's capacity consolidation campaign may be returning – but we see this as new wine in an old bottle. The industrial landscape and macro environment are fundamentally more difficult than in 2015-18, meaning implementation will likely be slower. We maintain a persistent deflation baseline into 2026. 1. Introduction: "anti-involution" returns In recent years, the concept of "involution" ...