Market Overview - The three major US stock indices closed lower, with the Dow Jones down 0.46%, Nasdaq down 0.38%, and S&P 500 down 0.3% [2][4][27] - Notable declines in popular tech stocks, with Meta down over 2%, Intel, Apple, and Tesla down over 1% [2][4][27] - The Nasdaq China Golden Dragon Index fell 1.35%, with most Chinese concept stocks declining, including Li Auto down over 6% and Baidu and JD down nearly 3% [2][4][27] Company News - Novo Nordisk's US stock plummeted 21.83%, resulting in a market value loss of $510 million, approximately 36 billion RMB, following a significant downward revision of its annual financial guidance [6][25] - The company lowered its sales growth forecast from 13%-21% to 8%-14% and operating profit growth from 16%-24% to 10%-16% due to underperformance of its flagship weight loss drug Wegovy [6][25] Economic and Trade Relations - The US and China held economic talks in Stockholm, focusing on trade relations and macroeconomic policies, with both sides agreeing to extend the suspension of certain tariffs for 90 days [3][4][5] - Chinese officials emphasized the mutual benefits of a stable US-China economic relationship, highlighting the importance of cooperation and dialogue [3][4][5] Financial Performance - China's state-owned enterprises reported a 0.2% year-on-year decline in total operating revenue for the first half of the year, totaling 4.07 trillion RMB, with profits down 3.1% to 218.25 billion RMB [10] - The asset-liability ratio for state-owned enterprises increased by 0.3 percentage points to 65.2% by the end of June [10] Industry Developments - The Hong Kong Monetary Authority has not issued any licenses for stablecoin issuers, warning that false claims of being licensed are illegal [11] - The China Photovoltaic Industry Association clarified rumors regarding the multi-crystalline silicon sector, urging against misinformation [12] Recent Events - A tragic incident occurred involving Blackstone executive Wesley LePatner, who was killed in a shooting, prompting condolences from the firm [2][25] - The establishment of the China Chang'an Automobile Group in Chongqing aims to enhance the automotive industry's integration and transformation [18]

Microsoft Edge is now an AI browser with launch of 'Copilot Mode' | TechCrunch https://t.co/AetJWZm55e ...

Core Insights - Microsoft has launched a new feature called Copilot Mode in its Edge browser, aimed at enhancing user experience by integrating AI assistance for web browsing [1][2] - Copilot Mode is currently experimental and free for Mac and PC users, with plans for further development and features [2] Group 1: Features and Functionality - Copilot Mode allows users to search, chat, and navigate the web with AI assistance, providing help on specific web pages [3] - Users can ask Copilot to modify content, such as making a recipe vegan, or to present information without extraneous details [4] - The AI can perform various tasks like booking appointments, creating shopping lists, and drafting content on behalf of the user [5] Group 2: User Experience and Adoption - The effectiveness of Copilot in improving user experience remains uncertain, as it may not necessarily be faster or better than manual navigation for familiar users [6] - Voice input is available, catering to less tech-savvy users or those with limited mobility, with plans for more advanced actions in the future [7] Group 3: Research Capabilities - Copilot can act as a research companion by viewing open tabs with user permission, aiding in tasks like product comparisons and online research [8] - Future updates will include features that prompt users to continue projects or research, enhancing productivity [9]

Breaking: Microsoft just released “Copilot Mode” within EdgeIt enables multi tab analytics with AIFuture updates will include built-in actions to delegate tasks while browsingThe feature is currently available for free for a limited timehttps://t.co/XUGsGtCm3X ...