Core Insights - The Prime Minister of the Federation of Bosnia and Herzegovina, Nermin Nikšić, discussed key political and economic issues affecting citizens' lives and the economy, emphasizing the need for a balance between populist pressures and fiscal realities [1][2] Group 1: Social Security Contributions - The government implemented the first phase of a social security contribution reduction plan on July 1, but this has not benefited all employees, as employers did not increase wages despite the reduction [1] - The pension insurance revenue for the federal government has decreased by approximately 40 million marks in the last two months, which is being covered by the government budget [1] - The second phase of the reduction plan will not be implemented without proper preparation [1] Group 2: Infrastructure Development - The construction of the 5C highway has been paused near Mostar due to a decision to prohibit the disposal of state property, which is classified as military property [1] - This pause not only hinders the development of the 5C corridor but also affects the growth of local communities [1] Group 3: Military Industry Development - The military industry is a key sector for the economy of Bosnia and Herzegovina, with the potential to drive the development of other supporting industries [2] - The government is committed to supporting the military industry and creating an environment to attract further investments [2]

Market Overview - US stock indices closed mixed, with the S&P 500 up 0.3% and the Dow Jones down 0.48%, while the Nasdaq Composite rose 0.03%, continuing to set new closing highs [2] - Oracle's stock surged 36%, reaching a record high and increasing its market value by approximately $250 billion (about 1.74 trillion RMB) [2] - Major tech stocks mostly declined, with Amazon and Apple dropping over 3%, while Nvidia rose over 3% [2] - Chinese concept stocks mostly fell, with the Nasdaq China Golden Dragon Index down 0.95% [2] - COMEX gold futures fell 0.05% to $3680.4 per ounce, while silver futures rose 0.75% to $41.65 per ounce [2] - International oil prices rose, with WTI crude oil up 1.79% to $63.75 per barrel [2] Economic and Policy Developments - The State Council approved the establishment of the Huangyan Island National Nature Reserve, aimed at protecting the ecological diversity and stability of the area [4][5] - Six departments in China launched a three-month special campaign to rectify online chaos in the automotive industry, focusing on illegal profits and false advertising [6] - The National Development and Reform Commission emphasized maintaining policy continuity and stability to stabilize employment, enterprises, and market expectations [7] - The Ministry of Finance highlighted the importance of strengthening domestic circulation in future economic policies [7] Corporate News - NIO announced a $1 billion equity offering, pricing approximately 18.2 million Class A ordinary shares at $5.57 per American depositary share [18] - Oracle co-founder Larry Ellison became the world's richest person with a net worth of $393 billion following a significant rise in Oracle's stock price [26] - Novo Nordisk plans to lay off about 9,000 employees globally as part of a company transformation to streamline operations [27] - The three major Chinese telecom operators are set to launch eSIM services, enhancing digital transformation in the communication market [11]