Group 1: 401K Retirement Savings Plan Changes - The U.S. President Trump is set to sign an executive order allowing alternative assets such as private equity, real estate, and cryptocurrencies to be included in 401K retirement savings plans, potentially opening up approximately $12.5 trillion in retirement account funds to these sectors [3][4]. - The 401K plan is a retirement savings plan established under the 1978 Internal Revenue Code, where both employees and employers contribute to a fund that can be invested in various securities [3]. - The new executive order will instruct the Department of Labor to reassess guidelines regarding alternative asset investments in retirement plans and clarify the government's fiduciary responsibilities when offering funds that include alternative investments [3]. Group 2: Market Reactions - Following the announcement of the executive order, Bitcoin experienced a price surge, and private equity stocks like Apollo Group saw slight increases in pre-market trading [5]. - The news is expected to be a significant move by the Trump administration to integrate private assets into fixed contribution accounts and is part of efforts to promote the cryptocurrency industry [4]. Group 3: Eli Lilly's Weight Loss Drug Performance - Eli Lilly reported second-quarter earnings that exceeded market expectations, with revenues of $15.557 billion, a 38% year-over-year increase, and net profits of $5.661 billion, a 91% increase [10]. - Despite strong earnings, the company's stock plummeted by 13% due to disappointing results from its experimental weight loss drug orforglipron, which helped patients lose about 11% of their weight, falling short of market expectations [10][11]. - Analysts suggest that the underperformance of Eli Lilly's drug may lead investors to reconsider the competitive landscape of GLP-1 obesity medications, potentially benefiting Novo Nordisk's oral semaglutide [11]. Group 4: Labor Market Indicators - The U.S. Department of Labor reported an increase of 38,000 in the number of individuals continuing to claim unemployment benefits, reaching 1.97 million, indicating growing difficulties for unemployed individuals in finding new jobs [8]. - This data follows a government employment report that showed a more significant than expected slowdown in job growth, raising concerns among investors and economists about the labor market's further deterioration [8].

Core Viewpoint - The article discusses the establishment and improvement of new rural social pension insurance systems and urban resident social pension insurance systems in China, highlighting the combination of individual contributions, collective subsidies, and government support. Group 1: New Rural Social Pension Insurance - The new rural social pension insurance system is based on individual contributions, collective assistance, and government subsidies [3] - Individuals aged 16 and above, excluding students, who are not covered by the basic pension insurance system can participate in the rural pension insurance at their place of residence [5] Group 2: Urban Resident Social Pension Insurance - The urban resident social pension insurance system can be merged with the new rural social pension insurance based on local government decisions [3] - Similar to rural insurance, individuals aged 16 and above who are not part of the basic pension insurance system can enroll in urban resident pension insurance [5] Group 3: Contribution Standards - For enterprise employee basic pension insurance, the employer's contribution rate is 16% and the employee's contribution rate is 8% [6] - Individual contributors to the pension insurance can choose a contribution base between 60% and 300% of the average wage of urban employees from the previous year [7] Group 4: Contribution Levels for Rural Residents - In Shaanxi, the personal contribution levels for rural resident pension insurance are set at ten different tiers ranging from 300 to 6000 yuan annually [8] Group 5: Payment Methods - Contributions for enterprise employee basic pension insurance can be made through various online and offline channels, with employers responsible for withholding and paying the contributions [9] - Urban resident pension insurance contributions can also be made through similar online and offline channels [10]