To The Moon

China has suspended issuing new licenses for autonomous vehicles, according to people familiar with the matter, after dozens of Baidu Inc.’s Apollo Go robotaxis suddenly stopped in Wuhan last month, stranding passengers and disrupting traffic.

0932 GMT - Kuaishou Technology's recent share-price pullback due to competition is unwarranted, CGS International analysts say in a research note. The market likely underestimated the addressable market of the artificial-intelligence video generation industry, which could hit US$10 billion-US$13 billion by 2030, they say. Kuaishou's Kling AI will likely maintain its leading market position globally given its mainly overseas user mix and continued product leadership, they note. Kling AI's revenue could rise to 5 billion yuan in 2028 driven by rising pay user conversion and strong enterprise monetization, CGS estimates. AI could also be an efficiency multiplier for its core business of advertising, livestreaming and e-commerce. CGS International initiates its Kuaishou coverage with an add rating and target price of HK$60.43. Shares last ended at HK$46.38.

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President Donald Trump said it’s “highly unlikely” he would extend the two-week ceasefire with Iran if a deal is not reached before it ends, and said the Strait of Hormuz would remain blocked until...

01 Stock MarketThe U.S. major indexes closed as follows: Dow Jones down 0.15% at 48,463.72; S&P 500 up 0.80% at 7,022.95; NASDAQ up 1.59% at 24,016.02. The tech-heavy NASDAQ notched fresh record...

Trump says US war on Iran is ‘over,’ Fox News journalist reports after White House interview

President Trump said he doesn't care whether or not Iran returns for another round of negotiations."If they don't come back, I'm fine," Trump said, after peace talks between the U.S. and Iran ended without a deal. Speaking to reporters at Joint Base Andrews in Maryland, he said, "Their military is gone, and their missiles are largely depleted." Trump confirmed that a U.S. blockade on ships entering or exiting Iranian ports would take effect Monday morning. He added that many countries are working to prevent Iran from selling oil, saying the effort would be "very effective.". This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .

0340 GMT - Kuaishou Technology is likely to benefit from Kling, its video generation AI model, according to Jefferies analysts in a research note. The analysts expect Kling to achieve triple-digit year-on-year revenue growth in 1Q, they say. "Video generation is a huge market in early stages of development," the analyst says. They add that Kling is leading commercial applications in the industry. The risks for Kuaishou includes macroeconomic headwinds which could lead to softer-than-expected advertising growth and tighter regulations. Jefferies maintains a buy rating on its shares and a target price of HK$82.00. Shares last traded at HK$45.06.