Rudyy的个人主页 - 老虎社区

Rudyy

Rudyy

暂无个人介绍

IP属地：未知

805关注

21粉丝

0主题

0勋章

2021-11-25

Like

抱歉，原内容已删除

2021-10-04

Like

US IPO Week Ahead: New issuers work up a sweat in a fitness-led 5 IPO week<blockquote>美国IPO一周即将到来：新发行人在健身主导的5周IPO中大汗淋漓</blockquote>

2021-09-02

Like

Hong Kong: Shares extend gains at open<blockquote>香港：股市开盘延续涨势</blockquote>

2021-12-16

Like

Fed heads for the exits despite Omicron. Who will follow?<blockquote>尽管有奥密克戎，美联储仍将退出。谁会跟随？</blockquote>

2021-11-09

Like

抱歉，原内容已删除

2021-09-26

Like

抱歉，原内容已删除

2021-06-21

Like and comment pls

抱歉，原内容已删除

2021-11-18

Like pls

Biden asks FTC to redouble probe of possible 'illegal conduct' by oil, gas companies<blockquote>拜登要求联邦贸易委员会加倍调查石油和天然气公司可能的“非法行为”</blockquote>

2021-10-10

Like

抱歉，原内容已删除

2021-09-05

Like pls

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3573013786940329","uuid":"3573013786940329","gmtCreate":1610427454312,"gmtModify":1612193654085,"name":"Rudyy","pinyin":"rudyy","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":21,"headSize":805,"tweetSize":159,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-2","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"资深虎友","description":"加入老虎社区1000天","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.10","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001}],"userBadgeCount":1,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":696631884,"gmtCreate":1640677722343,"gmtModify":1640677722602,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696631884","repostId":"2194428109","repostType":4,"isVote":1,"tweetType":1,"viewCount":2731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696051147,"gmtCreate":1640581197693,"gmtModify":1640581336935,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696051147","repostId":"1174372651","repostType":4,"isVote":1,"tweetType":1,"viewCount":2902,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698460103,"gmtCreate":1640495372002,"gmtModify":1640495372249,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698460103","repostId":"2193178197","repostType":4,"isVote":1,"tweetType":1,"viewCount":3439,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698652500,"gmtCreate":1640391763648,"gmtModify":1640391763888,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698652500","repostId":"1126351388","repostType":4,"repost":{"id":"1126351388","kind":"news","pubTimestamp":1640327311,"share":"https://www.laohu8.com/m/news/1126351388?lang=zh_CN&edition=full","pubTime":"2021-12-24 14:28","market":"us","language":"en","title":"XPeng: Forecasting Its Expansion Into Robotaxi<blockquote>小鹏汽车：预测其向机器人出租车领域的扩张</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126351388","media":"Seeking Alpha","summary":"Summary\n\nXPeng is poised to disrupt the incumbent robotaxi and ride-hailing firms.\nUsing an AI-centr","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>XPeng is poised to disrupt the incumbent robotaxi and ride-hailing firms.</li>  <li>Using an AI-centric approach with small sensors, XPeng will be able to operate at a substantially lower cost.</li>  <li>Winning a market share of the ride-hailing industry implies significant upside valuation potential for XPEV.</li> </ul> XPeng Motors (XPEV) recently announced the company will launch a pilot program for autonomous driving ride-hailing service in the second half of 2022. This announcement generated multiple positive news articles, and the company's valuation rose in response. However, most if not all articles failed to appreciate a significant implication. XPeng will be the first vehicle manufacturer to enter the autonomous ride-hailing market with its mass-market production vehicles. With this announcement, XPeng implies their privately-owned vehicles will be able to match the autonomous capabilities of robotaxi firms like Waymo, Cruise, or Baidu (BIDU), and that XPeng can generate similar revenues without the added cost of robotaxi retrofit and potentially the cost of the vehicles themselves. With its substantial cost advantages, the company is poised to capture a large portion of the ride-hailing market and realize a significant valuation upside.</p><p><blockquote><ul><li>小鹏汽车准备颠覆现有的机器人出租车和网约车公司。</li><li>使用以人工智能为中心的方法和小型传感器，小鹏汽车将能够以低得多的成本运营。</li><li>赢得网约车行业的市场份额意味着XPEV的估值有巨大的上行潜力。</li></ul>小鹏汽车（XPEV）最近宣布，该公司将于2022年下半年启动自动驾驶网约车服务试点计划。这一公告催生了多篇利好消息，公司估值应声上涨。然而，大多数（如果不是全部的话）文章未能理解一个重要的含义。小鹏汽车将成为第一家凭借其量产车辆进入自动驾驶网约车市场的汽车制造商。通过这一公告，小鹏汽车暗示他们的私人车辆将能够与Waymo、Cruise或百度（BIDU）等机器人出租车公司的自动驾驶能力相匹配，并且小鹏汽车可以产生类似的收入，而无需增加机器人出租车改造和潜在成本。车辆本身的成本。凭借其巨大的成本优势，该公司有望占领网约车市场的很大一部分，并实现大幅的估值上涨。</blockquote></p><p> <b>Assumptions</b></p><p><blockquote><b>假设</b></blockquote></p><p> Here, I make a large assumption that the pilot program will take two years to complete, and full-scale commercial operations and revenue generations will begin at the start of 2025. There exists a large degree of uncertainty with this timeline. It is largely dependent on the pace of ADAS technology development and regulatory approvals.</p><p><blockquote>在这里，我做了一个很大的假设，试点项目需要两年时间才能完成，全面的商业运营和创收将在2025年初开始。这个时间表存在很大程度的不确定性。这在很大程度上取决于ADAS技术开发和监管批准的步伐。</blockquote></p><p> XPeng has recently released the Xpilot 3.5 system with the model P5. There are multiple YouTube videos where professional reviewers ride the city NGP (Navigation Guided Pilot) 3.5 system. Here's a&nbsp;video&nbsp;clip during the XPeng Tech Day. The demonstrations consistently navigated challenging routes with few disengagements. The reviewers unanimously found the system impressive. XPeng also announced the release of the Xpilot 4.0 system with its new SUV model G9. The company expects that the 4.0 system will be live in 2023 and will be able to autonomously pilot almost all roads in China with zero disengagements. Such performance will be technologically sufficient to operate a robotaxi business.</p><p><blockquote>小鹏汽车最近发布了Xpilot 3.5系统，车型为P5。YouTube上有多个视频，其中专业评论者乘坐城市NGP（导航引导飞行员）3.5系统。这是小鹏科技日期间的视频剪辑。示威活动始终沿着具有挑战性的路线行驶，很少脱离接触。评论者一致认为该系统令人印象深刻。小鹏汽车还宣布在旗下全新SUV车型G9上发布Xpilot 4.0系统。该公司预计4.0系统将于2023年上线，并能够在中国几乎所有道路上实现零脱离的自动驾驶。这样的性能在技术上足以运营机器人出租车业务。</blockquote></p><p> We have seen past timelines with Baidu Apollo and Pony.ai services. In November, the city of Beijing granted full commercial operation licenses to robotaxi services. It had taken a little over two years from pilot debut to limited commercialization. Baidu expects other major cities to follow Beijing's lead early next year. If XPeng is to follow the timeline, it can expect to receive commercial licenses for revenue generation in early 2025. However, Baidu and regulators have been exploring a nascent industry and building a regulatory framework. I believe it is likely that the approval of XPeng robotaxis will be considerably faster, as the approval process can take advantage of existing guidelines.</p><p><blockquote>我们已经看到了百度Apollo和Pony.ai服务过去的时间表。11月，北京市授予机器人出租车服务全面商业运营许可。从试点首次亮相到有限商业化，用了两年多一点的时间。百度预计明年初其他主要城市也将效仿北京的做法。如果小鹏汽车按照时间表进行，预计将在2025年初获得商业许可以产生收入。然而，百度和监管机构一直在探索一个新兴行业并建立监管框架。我相信小鹏机器人出租车的审批速度可能会快得多，因为审批流程可以利用现有的指导方针。</blockquote></p><p> Therefore, the trends of XPeng's ADAS technology and China's regulatory framework both support the assumption of 2025 revenue realization, and this assumption may be conservative.</p><p><blockquote>因此，小鹏ADAS技术和中国监管框架的趋势都支持2025年收入实现的假设，而这一假设可能偏保守。</blockquote></p><p> <b>Revenue and CostRobotaxi Economics</b></p><p><blockquote><b>收入和成本出租车经济学</b></blockquote></p><p> After receiving commercial licenses, Baidu has announced that it is charging above-market fees. Baidu has a limited number of commercial licenses, and the demand is excessive due to the novelty factor. As it scales into larger operations, the fee structure is likely to come down and undercut the main competitor DiDi (DIDI), which charges $.7 - $2/mile depending on a variety of factors and level of service. For comparable service to Baidu Apollo cars in operation, DiDi charges about $1/mile, according to Lux Research Inc's articleThe Economics of Robotaxis.</p><p><blockquote>在获得商业许可后，百度宣布收取高于市场的费用。百度商用牌照数量有限，新奇因素导致需求过度。随着其规模扩大到更大的业务，费用结构可能会下降，并削弱主要竞争对手滴滴（DIDI），后者根据各种因素和服务水平收取0.7-2美元/英里的费用。根据Lux Research Inc.的文章《机器人出租车的经济学》，对于与运营中的百度Apollo汽车相当的服务，滴滴的收费约为1美元/英里。</blockquote></p><p> The article also estimates a robotaxi costs $0.28/mile to operate in China. On paper, Baidu should be able to maintain a healthy profit margin, charge lower than DiDi, and gain significant market share. If we examine the cost trends, the advantages of robotaxi widen even further. The largest cost driver of DiDi is labor, which is rising in China and around the world. Out of the operation costs of robotaxis, maintenance cost is expected to trend down as EV quality improves. Insurance cost is expected to trend down as large robotaxi firms can insure their own operations. Added value cost is expected to trend down as the autonomous driving sensors are falling sharply in prices. Vehicle cost may rise moderately but the economy of scale should keep the rate of materials inflation under that of wage inflation. Therefore, Lux Research Inc concludes, and I agree, that robotaxi operations will be disruptive to incumbent ride-hailing companies. However, how does XPeng fit into this picture?</p><p><blockquote>文章还估计，robotaxi在中国的运营成本为0.28美元/英里。理论上，百度应该能够保持健康的利润率，收费低于滴滴，并获得显著的市场份额。如果我们考察成本趋势，robotaxi的优势会进一步扩大。滴滴最大的成本驱动因素是劳动力，劳动力在中国和全球都在上升。在机器人出租车的运营成本中，随着电动汽车质量的提高，维护成本预计将呈下降趋势。随着大型机器人出租车公司可以为自己的运营投保，保险费用预计将呈下降趋势。随着自动驾驶传感器价格大幅下降，附加值成本预计将呈下降趋势。车辆成本可能会适度上升，但规模经济应使材料通胀率低于工资通胀率。因此，Lux Research Inc的结论是，我也同意，机器人出租车运营将对现有的网约车公司造成颠覆性影响。然而，小鹏汽车如何融入这幅图景？</blockquote></p><p> <b>XPeng Disruptions</b></p><p><blockquote><b>小鹏汽车的颠覆</b></blockquote></p><p></p><p> The cost analysis shows XPeng's robotaxis will further disrupt the nascent robotaxi companies. XPeng vehicles with Xpilot 4.0 do not require retrofit to operate as a robotaxi. Lux Research estimates the robotaxis like the Baidu Apollo cost about $0.15/mile to operate in terms of vehicle and added value retrofit costs. In June 2021, Baidu announced its Apollo Moon robotaxi will cost 480,000 yuan ($75,000) to produce, according to thisNikkei articleand other publications. On the other hand, the XPeng G9 with XPilot 4.0 is expected to cost between 350,000 to 400,000 yuan to the consumers. If we roughly estimate 15% profit margin and 15% selling and marketing costs, the G9 costs XPeng approximately between 245,000 to 280,000 yuan to produce. Therefore, XPeng will be able to operate with 42-49% less vehicle cost compared to Baidu Apollo.</p><p><blockquote>成本分析显示，小鹏汽车的机器人出租车将进一步颠覆新兴的机器人出租车公司。配备Xpilot 4.0的小鹏汽车无需改装即可作为机器人出租车运行。Lux Research估计，就车辆和增值改造成本而言，像百度Apollo这样的机器人出租车的运营成本约为0.15美元/英里。据《日经新闻》的这篇文章和其他出版物报道，2021年6月，百度宣布其Apollo Moon机器人出租车的生产成本为48万元人民币（75,000美元）。另一方面，搭载XPilot 4.0的小鹏G9预计消费者的售价在35-40万元之间。如果我们粗略估计15%的利润率和15%的销售和营销成本，G9的生产成本约为24.5万至28万元。因此，与百度Apollo相比，小鹏汽车的运营成本将降低42-49%。</blockquote></p><p> Furthermore, XPeng robotaxi can potentially operate without a vehicle cost at all. By 2025, there are expected to be hundreds of thousands of XPeng EVs on the road that can operate as robotaxi with an OTA update. Just as Uber and DiDi hire gig drivers, XPeng can theoretically hire private autonomous cars and pay the owners a share of the revenue.</p><p><blockquote>此外，小鹏机器人出租车有可能在没有任何车辆成本的情况下运营。到2025年，预计将有数十万辆小鹏电动汽车上路，通过OTA更新可以作为robotaxi运行。就像Uber和滴滴雇佣零工司机一样，小鹏汽车理论上可以雇佣私人自动驾驶汽车，并向车主支付一部分收入。</blockquote></p><p> Finally, robotaxi companies like Baidu must maintain high margins to bear its significant overhead costs in R&amp;D and SGA. XPeng Motors vehicle sales bear the majority of the R&amp;D and SGA costs. Additional indirect costs from robotaxi business should be a small fraction of the cost structure of incumbent ride-hailing companies. If XPeng is to launch robotaxi today, it can theoretically charge $0.50/mile at a cost of $0.205/mile. (Its vehicle cost is $0.075/mile cheaper than Baidu, which cost about $0.28/mile to operate.) Such a price point cannot be matched by Baidu or DiDi and will substantially displace their market share. In fact, DiDi's breakeven price point is most likely higher than $0.90/mile. Therefore, I conclude it is likely that XPeng will be charge half of the fees of Baidu and DiDi and still maintain healthy profit margins.</p><p><blockquote>最后，像百度这样的机器人出租车公司必须保持高利润率，以承担其在研发和SGA方面的巨额管理费用。小鹏汽车汽车销售承担了大部分研发和SGA成本。robotaxi业务的额外间接成本应该只占现有网约车公司成本结构的一小部分。如果小鹏今天要推出robotaxi，理论上可以以0.205美元/英里的成本收费0.50美元/英里。（其车辆成本比百度便宜0.075美元/英里，后者的运营成本约为0.28美元/英里。）这样的价位是百度或滴滴无法比拟的，将大大取代他们的市场份额。事实上，滴滴的盈亏平衡价位大概率高于0.90美元/英里。因此，我的结论是，小鹏汽车很可能会收取百度和滴滴一半的费用，但仍保持健康的利润率。</blockquote></p><p> <b>Market Trends and Projections</b></p><p><blockquote><b>市场趋势和预测</b></blockquote></p><p> Robotaxis are expected to disrupt the ride-hailing industry. Major players like DiDi and Uber (UBER) are aware of this future trend and have spent billions developing autonomy technology themselves. As technologies mature, autonomous vehicles will also be able to encroach into the food delivery business. As a side note, XPeng holds a unique advantage with its advanced robotics division. It is in the process of bringing to market a robotic pony with autonomous terrain navigation capabilities.&nbsp;An online video&nbsp;shows it is currently able to deliver objects around XPeng's office by voice command. Robotics can enable a robotaxi to bridge the gap between the road and the delivery destination.</p><p><blockquote>机器人出租车有望颠覆网约车行业。滴滴和优步（Uber）等主要参与者意识到了这一未来趋势，并花费数十亿美元自行开发自动驾驶技术。随着技术的成熟，自动驾驶汽车也将能够蚕食外卖业务。顺便说一句，小鹏汽车凭借其先进机器人部门拥有独特的优势。它正在向市场推出一款具有自主地形导航功能的机器人小马。一段在线视频显示，它目前能够通过语音命令在小鹏办公室周围运送物品。机器人技术可以让机器人出租车弥合道路和送货目的地之间的差距。</blockquote></p><p> Following is a graph of the estimated Total Addressable Market of&nbsp;ride-hailing&nbsp;and&nbsp;food delivery&nbsp;in China, according to statista.com.<img src=\"https://static.tigerbbs.com/e4bc4ab7e29a5f0b49cfd35d781f4597\" tg-width=\"606\" tg-height=\"382\" width=\"100%\" height=\"auto\">With the assumption that XPeng gains regulatory licenses in 2025, I estimate XPeng Robotaxi business will grow rapidly and hold significant market share in the ride-hailing market and substantial market share in the food delivery market by 2028. Thereafter, XPeng may experience slower growth once other vehicle systems reach sufficient autonomy. I expect XPeng Robotaxi's profit margins will be lower than DiDi's as XPeng pushes a low-cost strategy to displace incumbents. I expect as much as 90% of earnings after taxes will be pure free cash flow, as R&amp;D and SGA costs attributed to the robotaxi division will be low.</p><p><blockquote>根据statista.com的数据，下图是中国网约车和食品配送的预计总目标市场。假设小鹏汽车在2025年获得监管许可，我估计到2028年，小鹏机器人出租车业务将快速增长，并在网约车市场占据重要市场份额，在外卖市场占据重要市场份额。此后，一旦其他车辆系统达到足够的自主性，小鹏汽车的增长可能会放缓。我预计小鹏机器人出租车的利润率将低于滴滴，因为小鹏汽车推行低成本战略来取代现有企业。我预计多达90%的税后收益将是纯自由现金流，因为robotaxi部门的研发和SGA成本将很低。</blockquote></p><p> I use the following assumptions for a valuation projection. There are high degrees of uncertainty and conjecture, as I forecast the first business of its kind in 2025, in an industry that is still nascent today. I expect XPeng to gain a 5% market share in robotaxi and a 2.5% market share in food delivery in 2025. It will grow at a 30% CAGR through 2028. Thereafter, the growth slows gradually to 10% by 2031 and continues at the terminal growth rate of 5%. I assume XPeng will capture 50% of sales as FCF. I use a 13% discount rate to arrive at the discounted present value of future cash flow.<img src=\"https://static.tigerbbs.com/89d26c909caf45b9ea96b0960fd37dcd\" tg-width=\"640\" tg-height=\"276\" width=\"100%\" height=\"auto\">The critical assumptions in market shares and a 30% CAGR, I believe, are conservative. I arrive at a $133.5B USD valuation for the XPeng Robotaxi business, a 350% upside to its current valuations and in addition to its vehicle sales business. I would argue that only $9B is priced in when the stock appreciated after the robotaxi announcement. Long-term investors can consider attractive points to enter. As we approach the pilot launch in 2022, more and more of the upside may be priced in with additional announcements.</p><p><blockquote>我使用以下假设进行估值预测。存在高度的不确定性和猜测，因为我预测2025年将出现第一个此类业务，而这个行业至今仍处于萌芽阶段。我预计小鹏汽车在2025年将在robotaxi领域获得5%的市场份额，在食品配送领域获得2.5%的市场份额。到2028年，它将以30%的复合年增长率增长。此后，到2031年，增长逐渐放缓至10%，并继续保持5%的最终增长率。我假设小鹏汽车将获得50%的销售额作为自由现金流。我使用13%的贴现率来得出未来现金流的贴现现值。我认为，市场份额和30%复合年增长率的关键假设是保守的。我对小鹏汽车出租车业务的估值为133.5 B美元，比其当前估值上涨350%，此外还有汽车销售业务。我认为，当robotaxi发布后该股升值时，定价中只有90亿美元。长线投资者可以考虑有吸引力的点位入场。随着2022年试点发布的临近，越来越多的上行空间可能会随着更多公告而被定价。</blockquote></p><p></p><p> <b>Additional Bull Notes</b></p><p><blockquote><b>其他牛市票据</b></blockquote></p><p> XPeng's core business is currently undervalued relative to its peers. As of 12/9/2021, Tesla is valued at 25 times XPeng and is on track to delivery approximately 7 times more car than XPeng in Q4. Tesla in Q3 grew at a pace of 73% YoY, which XPeng in Q3 grew 199% YoY. Considering XPeng's exceptional growth rate, it is clear XPeng is trading at a substantial discount.</p><p><blockquote>小鹏汽车的核心业务目前相对于同行被低估。截至2021年12月9日，特斯拉的估值是小鹏汽车的25倍，并有望在第四季度交付比小鹏汽车多约7倍的汽车。特斯拉第三季度同比增长73%，其中小鹏汽车第三季度同比增长199%。考虑到小鹏汽车非凡的增长率，很明显小鹏汽车的交易价格大幅折扣。</blockquote></p><p> Furthermore, the robotaxi business and vehicle manufacturing are complementary businesses. Ride-hailing revenue share can incentivize more sales. If forced to own the vehicles, XPeng Motors can sell to XPeng Robotaxi at cost, giving it a substantial cost advantage over competitors.</p><p><blockquote>此外，机器人出租车业务和车辆制造是互补的业务。网约车收入份额可以激励更多销售。如果被迫拥有这些车辆，小鹏汽车可以以成本价出售给小鹏机器人出租车，使其相对于竞争对手具有巨大的成本优势。</blockquote></p><p> In addition to valuations from vehicle sales and robotaxi revenue, other potential valuation upsides exist. XPeng users currently pay monthly subscription fees to use its NGP system. We can expect the subscription uptake rate to improve as more autonomous functions are introduced. With a growing user base and its highly profitable margins, NGP subscription cash flows may grow to rival vehicle sales. We can also expect revenues from eVOTL and robotic pony sales by 2024. These revenues can be significant and are not currently priced in.</p><p><blockquote>除了汽车销量和robotaxi收入的估值外，还存在其他潜在的估值上行空间。小鹏用户目前每月支付订阅费才能使用其NGP系统。随着更多自主功能的引入，我们可以预期订阅率将会提高。随着用户群的不断增长及其高利润率，NGP订阅现金流可能会增长到与汽车销量相媲美的水平。我们还可以预计到2024年，eVOTL和机器人小马的销售收入。这些收入可能很大，但目前尚未计入价格。</blockquote></p><p> <b>Risks and Challenges</b></p><p><blockquote><b>风险与挑战</b></blockquote></p><p> While I believe the technology and cost structure support my bull thesis, uncertainties exist. The revenue is largely dependent on the number of vehicle licenses Chinese regulators will be willing to authorize. Regulatory approvals may be slowed to reduce disruptions to the labor market.</p><p><blockquote>虽然我相信技术和成本结构支持我的看涨论点，但不确定性是存在的。收入在很大程度上取决于中国监管机构愿意授权的车辆牌照数量。监管审批可能会放缓，以减少对劳动力市场的干扰。</blockquote></p><p> In the most bearish case, regulators may decline to grant ride-hailing licenses to private autonomous vehicles. This case is highly unlikely. China would be stifling one of its leading-edge industries. There is little rationale for denying XPeng, as both private ride-hailing vehicles and autonomous ride-hailing vehicles are already authorized. However, some cities may require XPeng to own its robotaxi fleet, which will reduce its competitive advantage.</p><p><blockquote>在最悲观的情况下，监管机构可能会拒绝向私人自动驾驶汽车发放网约车牌照。这种情况极不可能发生。中国将扼杀其领先行业之一。拒绝小鹏汽车的理由很少，因为私人网约车和自动驾驶网约车都已经获得授权。然而，一些城市可能会要求小鹏汽车拥有其robotaxi车队，这将降低其竞争优势。</blockquote></p><p> Tiger Securities gave a&nbsp;bearish review&nbsp;of XPeng, citing that the current laws prohibit autonomous operations, and other players \"might have time to catch up.\" It is important to study the autonomy capabilities of other players and estimate that likelihood. Judging from FSD beta tester videos, Tesla (TSLA) autonomy is somewhat behind that of XPeng's. Though with its wealth of data, Tesla may be able to quickly catch up. Regardless, Tesla FSD and XPeng NGP are coded for different driving environments. They most likely will not directly compete in robotaxi until later in the decade and in other markets than US or China. In China, Huawei Harmony intelligent driving system has also demonstrated a high level of autonomy. Huawei however is not a vehicle manufacturer. Its EV partner BAIC Arcfox is lagging quite far behind in sales compared to other EV peers. Current robotaxi firms like Baidu and Pony.ai may be able to substantially reduce the retrofit cost and may even adapt their system to a mass-market vehicle. It is unclear if it is possible for a hardware-centric robotaxi system based on powerful roof sensors to adapt to an array of weaker sensors that require greater AI logic.</p><p><blockquote>老虎证券对小鹏汽车给出了看跌评级，理由是现行法律禁止自动驾驶，其他玩家“可能有时间赶上”。研究其他参与者的自主能力并估计这种可能性是很重要的。从FSD beta测试人员视频来看，特斯拉（TSLA）的自主性有些落后于小鹏汽车。尽管凭借丰富的数据，特斯拉或许能够迅速赶上。无论如何，特斯拉FSD和小鹏NGP都是针对不同的驾驶环境进行编码的。他们很可能要到本世纪晚些时候才会在机器人出租车领域以及美国或中国以外的其他市场直接竞争。在中国，华为Harmony智能驾驶系统也展现了高度的自动驾驶水平。然而，华为不是一家汽车制造商。与其他电动汽车同行相比，其电动汽车合作伙伴北汽Arcfox的销量远远落后。百度和小马智行等当前的机器人出租车公司可能能够大幅降低改造成本，甚至可能使其系统适应大众市场车辆。目前尚不清楚基于强大车顶传感器的以硬件为中心的robotaxi系统是否有可能适应一系列需要更强人工智能逻辑的较弱传感器。</blockquote></p><p> Capturing a share of the ride-hailing and delivery market in China is highly dependent upon XPeng maintaining technology and cost advantage. It would be fair to attribute a large risk discount to the valuation. Though any shortfall in market share can be supplemented by international markets.</p><p><blockquote>在中国网约车和送货市场占据份额高度依赖于小鹏汽车保持技术和成本优势。将较大的风险折扣归因于估值是公平的。尽管市场份额的任何不足都可以通过国际市场来补充。</blockquote></p><p> Finally, there are geopolitical and specific delisting risks to investing in Chinese stocks in the form of ADRs. XPeng and some other US-listed ADRs have also listed in Hong Kong to hedge against the possibilities of delisting. In the event of delisting, US shareholders will be able to trade their shares for Hong Kong-listed shares. Those who cannot or are not willing to bank in Hong Kong will exist long positions. Share prices may be moderately depressed in the short and medium-term. It is fair to attribute some risk premium to Chinese ADRs. Though I would argue that such discounts are already priced, and in fact, the market has overreacted to recent news.</p><p><blockquote>最后，以ADR形式投资中国股票存在地缘政治和特定的退市风险。小鹏汽车和其他一些在美国上市的美国存托凭证也在香港上市，以对冲退市的可能性。如果退市，美国股东将能够将其股票交易为香港上市股票。那些不能或不愿意在香港办理银行业务的人将持有多头头寸。中短期内股价可能会适度低迷。将部分风险溢价归因于中国ADR是公平的。尽管我认为这种折扣已经定价，事实上，市场对最近的消息反应过度了。</blockquote></p><p> To Conclude</p><p><blockquote>得出结论</blockquote></p><p> XPEV has earned an average consensus of \"Buy\" recommendations from analysts. XPeng is also one of the fastest-growing pure-play EV companies in the world, growing at the rate of 188% YoY for Q3 2021 and 270% YoY for the month of November 2021. Considering its tremendous growth rate, its share price is undervalued and attractive to own. Furthermore, I argue in this article that XPeng is poised to realize an additional 350% upside to its valuation, as the company enters the ride-hailing market through its autonomous driving technology. While it may take several years for XPeng to fully realize its robotaxi ambitions, time may be running out to buy XPEV at a cheap price. Therefore, I advise investors to buy and hold for the long term.</p><p><blockquote>XPEV获得了分析师平均一致的“买入”建议。小鹏汽车也是全球增长最快的纯电动汽车公司之一，2021年第三季度同比增长188%，2021年11月同比增长270%。考虑到其巨大的增长率，其股价被低估且具有吸引力。此外，我在本文中认为，随着小鹏汽车通过自动驾驶技术进入网约车市场，其估值有望实现350%的额外上涨。虽然小鹏汽车可能需要几年时间才能完全实现其robotaxi雄心，但以低廉的价格购买XPEV的时间可能已经不多了。因此，我建议投资者买入并长期持有。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng: Forecasting Its Expansion Into Robotaxi<blockquote>小鹏汽车：预测其向机器人出租车领域的扩张</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng: Forecasting Its Expansion Into Robotaxi<blockquote>小鹏汽车：预测其向机器人出租车领域的扩张</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-24 14:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>XPeng is poised to disrupt the incumbent robotaxi and ride-hailing firms.</li>  <li>Using an AI-centric approach with small sensors, XPeng will be able to operate at a substantially lower cost.</li>  <li>Winning a market share of the ride-hailing industry implies significant upside valuation potential for XPEV.</li> </ul> XPeng Motors (XPEV) recently announced the company will launch a pilot program for autonomous driving ride-hailing service in the second half of 2022. This announcement generated multiple positive news articles, and the company's valuation rose in response. However, most if not all articles failed to appreciate a significant implication. XPeng will be the first vehicle manufacturer to enter the autonomous ride-hailing market with its mass-market production vehicles. With this announcement, XPeng implies their privately-owned vehicles will be able to match the autonomous capabilities of robotaxi firms like Waymo, Cruise, or Baidu (BIDU), and that XPeng can generate similar revenues without the added cost of robotaxi retrofit and potentially the cost of the vehicles themselves. With its substantial cost advantages, the company is poised to capture a large portion of the ride-hailing market and realize a significant valuation upside.</p><p><blockquote><ul><li>小鹏汽车准备颠覆现有的机器人出租车和网约车公司。</li><li>使用以人工智能为中心的方法和小型传感器，小鹏汽车将能够以低得多的成本运营。</li><li>赢得网约车行业的市场份额意味着XPEV的估值有巨大的上行潜力。</li></ul>小鹏汽车（XPEV）最近宣布，该公司将于2022年下半年启动自动驾驶网约车服务试点计划。这一公告催生了多篇利好消息，公司估值应声上涨。然而，大多数（如果不是全部的话）文章未能理解一个重要的含义。小鹏汽车将成为第一家凭借其量产车辆进入自动驾驶网约车市场的汽车制造商。通过这一公告，小鹏汽车暗示他们的私人车辆将能够与Waymo、Cruise或百度（BIDU）等机器人出租车公司的自动驾驶能力相匹配，并且小鹏汽车可以产生类似的收入，而无需增加机器人出租车改造和潜在成本。车辆本身的成本。凭借其巨大的成本优势，该公司有望占领网约车市场的很大一部分，并实现大幅的估值上涨。</blockquote></p><p> <b>Assumptions</b></p><p><blockquote><b>假设</b></blockquote></p><p> Here, I make a large assumption that the pilot program will take two years to complete, and full-scale commercial operations and revenue generations will begin at the start of 2025. There exists a large degree of uncertainty with this timeline. It is largely dependent on the pace of ADAS technology development and regulatory approvals.</p><p><blockquote>在这里，我做了一个很大的假设，试点项目需要两年时间才能完成，全面的商业运营和创收将在2025年初开始。这个时间表存在很大程度的不确定性。这在很大程度上取决于ADAS技术开发和监管批准的步伐。</blockquote></p><p> XPeng has recently released the Xpilot 3.5 system with the model P5. There are multiple YouTube videos where professional reviewers ride the city NGP (Navigation Guided Pilot) 3.5 system. Here's a&nbsp;video&nbsp;clip during the XPeng Tech Day. The demonstrations consistently navigated challenging routes with few disengagements. The reviewers unanimously found the system impressive. XPeng also announced the release of the Xpilot 4.0 system with its new SUV model G9. The company expects that the 4.0 system will be live in 2023 and will be able to autonomously pilot almost all roads in China with zero disengagements. Such performance will be technologically sufficient to operate a robotaxi business.</p><p><blockquote>小鹏汽车最近发布了Xpilot 3.5系统，车型为P5。YouTube上有多个视频，其中专业评论者乘坐城市NGP（导航引导飞行员）3.5系统。这是小鹏科技日期间的视频剪辑。示威活动始终沿着具有挑战性的路线行驶，很少脱离接触。评论者一致认为该系统令人印象深刻。小鹏汽车还宣布在旗下全新SUV车型G9上发布Xpilot 4.0系统。该公司预计4.0系统将于2023年上线，并能够在中国几乎所有道路上实现零脱离的自动驾驶。这样的性能在技术上足以运营机器人出租车业务。</blockquote></p><p> We have seen past timelines with Baidu Apollo and Pony.ai services. In November, the city of Beijing granted full commercial operation licenses to robotaxi services. It had taken a little over two years from pilot debut to limited commercialization. Baidu expects other major cities to follow Beijing's lead early next year. If XPeng is to follow the timeline, it can expect to receive commercial licenses for revenue generation in early 2025. However, Baidu and regulators have been exploring a nascent industry and building a regulatory framework. I believe it is likely that the approval of XPeng robotaxis will be considerably faster, as the approval process can take advantage of existing guidelines.</p><p><blockquote>我们已经看到了百度Apollo和Pony.ai服务过去的时间表。11月，北京市授予机器人出租车服务全面商业运营许可。从试点首次亮相到有限商业化，用了两年多一点的时间。百度预计明年初其他主要城市也将效仿北京的做法。如果小鹏汽车按照时间表进行，预计将在2025年初获得商业许可以产生收入。然而，百度和监管机构一直在探索一个新兴行业并建立监管框架。我相信小鹏机器人出租车的审批速度可能会快得多，因为审批流程可以利用现有的指导方针。</blockquote></p><p> Therefore, the trends of XPeng's ADAS technology and China's regulatory framework both support the assumption of 2025 revenue realization, and this assumption may be conservative.</p><p><blockquote>因此，小鹏ADAS技术和中国监管框架的趋势都支持2025年收入实现的假设，而这一假设可能偏保守。</blockquote></p><p> <b>Revenue and CostRobotaxi Economics</b></p><p><blockquote><b>收入和成本出租车经济学</b></blockquote></p><p> After receiving commercial licenses, Baidu has announced that it is charging above-market fees. Baidu has a limited number of commercial licenses, and the demand is excessive due to the novelty factor. As it scales into larger operations, the fee structure is likely to come down and undercut the main competitor DiDi (DIDI), which charges $.7 - $2/mile depending on a variety of factors and level of service. For comparable service to Baidu Apollo cars in operation, DiDi charges about $1/mile, according to Lux Research Inc's articleThe Economics of Robotaxis.</p><p><blockquote>在获得商业许可后，百度宣布收取高于市场的费用。百度商用牌照数量有限，新奇因素导致需求过度。随着其规模扩大到更大的业务，费用结构可能会下降，并削弱主要竞争对手滴滴（DIDI），后者根据各种因素和服务水平收取0.7-2美元/英里的费用。根据Lux Research Inc.的文章《机器人出租车的经济学》，对于与运营中的百度Apollo汽车相当的服务，滴滴的收费约为1美元/英里。</blockquote></p><p> The article also estimates a robotaxi costs $0.28/mile to operate in China. On paper, Baidu should be able to maintain a healthy profit margin, charge lower than DiDi, and gain significant market share. If we examine the cost trends, the advantages of robotaxi widen even further. The largest cost driver of DiDi is labor, which is rising in China and around the world. Out of the operation costs of robotaxis, maintenance cost is expected to trend down as EV quality improves. Insurance cost is expected to trend down as large robotaxi firms can insure their own operations. Added value cost is expected to trend down as the autonomous driving sensors are falling sharply in prices. Vehicle cost may rise moderately but the economy of scale should keep the rate of materials inflation under that of wage inflation. Therefore, Lux Research Inc concludes, and I agree, that robotaxi operations will be disruptive to incumbent ride-hailing companies. However, how does XPeng fit into this picture?</p><p><blockquote>文章还估计，robotaxi在中国的运营成本为0.28美元/英里。理论上，百度应该能够保持健康的利润率，收费低于滴滴，并获得显著的市场份额。如果我们考察成本趋势，robotaxi的优势会进一步扩大。滴滴最大的成本驱动因素是劳动力，劳动力在中国和全球都在上升。在机器人出租车的运营成本中，随着电动汽车质量的提高，维护成本预计将呈下降趋势。随着大型机器人出租车公司可以为自己的运营投保，保险费用预计将呈下降趋势。随着自动驾驶传感器价格大幅下降，附加值成本预计将呈下降趋势。车辆成本可能会适度上升，但规模经济应使材料通胀率低于工资通胀率。因此，Lux Research Inc的结论是，我也同意，机器人出租车运营将对现有的网约车公司造成颠覆性影响。然而，小鹏汽车如何融入这幅图景？</blockquote></p><p> <b>XPeng Disruptions</b></p><p><blockquote><b>小鹏汽车的颠覆</b></blockquote></p><p></p><p> The cost analysis shows XPeng's robotaxis will further disrupt the nascent robotaxi companies. XPeng vehicles with Xpilot 4.0 do not require retrofit to operate as a robotaxi. Lux Research estimates the robotaxis like the Baidu Apollo cost about $0.15/mile to operate in terms of vehicle and added value retrofit costs. In June 2021, Baidu announced its Apollo Moon robotaxi will cost 480,000 yuan ($75,000) to produce, according to thisNikkei articleand other publications. On the other hand, the XPeng G9 with XPilot 4.0 is expected to cost between 350,000 to 400,000 yuan to the consumers. If we roughly estimate 15% profit margin and 15% selling and marketing costs, the G9 costs XPeng approximately between 245,000 to 280,000 yuan to produce. Therefore, XPeng will be able to operate with 42-49% less vehicle cost compared to Baidu Apollo.</p><p><blockquote>成本分析显示，小鹏汽车的机器人出租车将进一步颠覆新兴的机器人出租车公司。配备Xpilot 4.0的小鹏汽车无需改装即可作为机器人出租车运行。Lux Research估计，就车辆和增值改造成本而言，像百度Apollo这样的机器人出租车的运营成本约为0.15美元/英里。据《日经新闻》的这篇文章和其他出版物报道，2021年6月，百度宣布其Apollo Moon机器人出租车的生产成本为48万元人民币（75,000美元）。另一方面，搭载XPilot 4.0的小鹏G9预计消费者的售价在35-40万元之间。如果我们粗略估计15%的利润率和15%的销售和营销成本，G9的生产成本约为24.5万至28万元。因此，与百度Apollo相比，小鹏汽车的运营成本将降低42-49%。</blockquote></p><p> Furthermore, XPeng robotaxi can potentially operate without a vehicle cost at all. By 2025, there are expected to be hundreds of thousands of XPeng EVs on the road that can operate as robotaxi with an OTA update. Just as Uber and DiDi hire gig drivers, XPeng can theoretically hire private autonomous cars and pay the owners a share of the revenue.</p><p><blockquote>此外，小鹏机器人出租车有可能在没有任何车辆成本的情况下运营。到2025年，预计将有数十万辆小鹏电动汽车上路，通过OTA更新可以作为robotaxi运行。就像Uber和滴滴雇佣零工司机一样，小鹏汽车理论上可以雇佣私人自动驾驶汽车，并向车主支付一部分收入。</blockquote></p><p> Finally, robotaxi companies like Baidu must maintain high margins to bear its significant overhead costs in R&amp;D and SGA. XPeng Motors vehicle sales bear the majority of the R&amp;D and SGA costs. Additional indirect costs from robotaxi business should be a small fraction of the cost structure of incumbent ride-hailing companies. If XPeng is to launch robotaxi today, it can theoretically charge $0.50/mile at a cost of $0.205/mile. (Its vehicle cost is $0.075/mile cheaper than Baidu, which cost about $0.28/mile to operate.) Such a price point cannot be matched by Baidu or DiDi and will substantially displace their market share. In fact, DiDi's breakeven price point is most likely higher than $0.90/mile. Therefore, I conclude it is likely that XPeng will be charge half of the fees of Baidu and DiDi and still maintain healthy profit margins.</p><p><blockquote>最后，像百度这样的机器人出租车公司必须保持高利润率，以承担其在研发和SGA方面的巨额管理费用。小鹏汽车汽车销售承担了大部分研发和SGA成本。robotaxi业务的额外间接成本应该只占现有网约车公司成本结构的一小部分。如果小鹏今天要推出robotaxi，理论上可以以0.205美元/英里的成本收费0.50美元/英里。（其车辆成本比百度便宜0.075美元/英里，后者的运营成本约为0.28美元/英里。）这样的价位是百度或滴滴无法比拟的，将大大取代他们的市场份额。事实上，滴滴的盈亏平衡价位大概率高于0.90美元/英里。因此，我的结论是，小鹏汽车很可能会收取百度和滴滴一半的费用，但仍保持健康的利润率。</blockquote></p><p> <b>Market Trends and Projections</b></p><p><blockquote><b>市场趋势和预测</b></blockquote></p><p> Robotaxis are expected to disrupt the ride-hailing industry. Major players like DiDi and Uber (UBER) are aware of this future trend and have spent billions developing autonomy technology themselves. As technologies mature, autonomous vehicles will also be able to encroach into the food delivery business. As a side note, XPeng holds a unique advantage with its advanced robotics division. It is in the process of bringing to market a robotic pony with autonomous terrain navigation capabilities.&nbsp;An online video&nbsp;shows it is currently able to deliver objects around XPeng's office by voice command. Robotics can enable a robotaxi to bridge the gap between the road and the delivery destination.</p><p><blockquote>机器人出租车有望颠覆网约车行业。滴滴和优步（Uber）等主要参与者意识到了这一未来趋势，并花费数十亿美元自行开发自动驾驶技术。随着技术的成熟，自动驾驶汽车也将能够蚕食外卖业务。顺便说一句，小鹏汽车凭借其先进机器人部门拥有独特的优势。它正在向市场推出一款具有自主地形导航功能的机器人小马。一段在线视频显示，它目前能够通过语音命令在小鹏办公室周围运送物品。机器人技术可以让机器人出租车弥合道路和送货目的地之间的差距。</blockquote></p><p> Following is a graph of the estimated Total Addressable Market of&nbsp;ride-hailing&nbsp;and&nbsp;food delivery&nbsp;in China, according to statista.com.<img src=\"https://static.tigerbbs.com/e4bc4ab7e29a5f0b49cfd35d781f4597\" tg-width=\"606\" tg-height=\"382\" width=\"100%\" height=\"auto\">With the assumption that XPeng gains regulatory licenses in 2025, I estimate XPeng Robotaxi business will grow rapidly and hold significant market share in the ride-hailing market and substantial market share in the food delivery market by 2028. Thereafter, XPeng may experience slower growth once other vehicle systems reach sufficient autonomy. I expect XPeng Robotaxi's profit margins will be lower than DiDi's as XPeng pushes a low-cost strategy to displace incumbents. I expect as much as 90% of earnings after taxes will be pure free cash flow, as R&amp;D and SGA costs attributed to the robotaxi division will be low.</p><p><blockquote>根据statista.com的数据，下图是中国网约车和食品配送的预计总目标市场。假设小鹏汽车在2025年获得监管许可，我估计到2028年，小鹏机器人出租车业务将快速增长，并在网约车市场占据重要市场份额，在外卖市场占据重要市场份额。此后，一旦其他车辆系统达到足够的自主性，小鹏汽车的增长可能会放缓。我预计小鹏机器人出租车的利润率将低于滴滴，因为小鹏汽车推行低成本战略来取代现有企业。我预计多达90%的税后收益将是纯自由现金流，因为robotaxi部门的研发和SGA成本将很低。</blockquote></p><p> I use the following assumptions for a valuation projection. There are high degrees of uncertainty and conjecture, as I forecast the first business of its kind in 2025, in an industry that is still nascent today. I expect XPeng to gain a 5% market share in robotaxi and a 2.5% market share in food delivery in 2025. It will grow at a 30% CAGR through 2028. Thereafter, the growth slows gradually to 10% by 2031 and continues at the terminal growth rate of 5%. I assume XPeng will capture 50% of sales as FCF. I use a 13% discount rate to arrive at the discounted present value of future cash flow.<img src=\"https://static.tigerbbs.com/89d26c909caf45b9ea96b0960fd37dcd\" tg-width=\"640\" tg-height=\"276\" width=\"100%\" height=\"auto\">The critical assumptions in market shares and a 30% CAGR, I believe, are conservative. I arrive at a $133.5B USD valuation for the XPeng Robotaxi business, a 350% upside to its current valuations and in addition to its vehicle sales business. I would argue that only $9B is priced in when the stock appreciated after the robotaxi announcement. Long-term investors can consider attractive points to enter. As we approach the pilot launch in 2022, more and more of the upside may be priced in with additional announcements.</p><p><blockquote>我使用以下假设进行估值预测。存在高度的不确定性和猜测，因为我预测2025年将出现第一个此类业务，而这个行业至今仍处于萌芽阶段。我预计小鹏汽车在2025年将在robotaxi领域获得5%的市场份额，在食品配送领域获得2.5%的市场份额。到2028年，它将以30%的复合年增长率增长。此后，到2031年，增长逐渐放缓至10%，并继续保持5%的最终增长率。我假设小鹏汽车将获得50%的销售额作为自由现金流。我使用13%的贴现率来得出未来现金流的贴现现值。我认为，市场份额和30%复合年增长率的关键假设是保守的。我对小鹏汽车出租车业务的估值为133.5 B美元，比其当前估值上涨350%，此外还有汽车销售业务。我认为，当robotaxi发布后该股升值时，定价中只有90亿美元。长线投资者可以考虑有吸引力的点位入场。随着2022年试点发布的临近，越来越多的上行空间可能会随着更多公告而被定价。</blockquote></p><p></p><p> <b>Additional Bull Notes</b></p><p><blockquote><b>其他牛市票据</b></blockquote></p><p> XPeng's core business is currently undervalued relative to its peers. As of 12/9/2021, Tesla is valued at 25 times XPeng and is on track to delivery approximately 7 times more car than XPeng in Q4. Tesla in Q3 grew at a pace of 73% YoY, which XPeng in Q3 grew 199% YoY. Considering XPeng's exceptional growth rate, it is clear XPeng is trading at a substantial discount.</p><p><blockquote>小鹏汽车的核心业务目前相对于同行被低估。截至2021年12月9日，特斯拉的估值是小鹏汽车的25倍，并有望在第四季度交付比小鹏汽车多约7倍的汽车。特斯拉第三季度同比增长73%，其中小鹏汽车第三季度同比增长199%。考虑到小鹏汽车非凡的增长率，很明显小鹏汽车的交易价格大幅折扣。</blockquote></p><p> Furthermore, the robotaxi business and vehicle manufacturing are complementary businesses. Ride-hailing revenue share can incentivize more sales. If forced to own the vehicles, XPeng Motors can sell to XPeng Robotaxi at cost, giving it a substantial cost advantage over competitors.</p><p><blockquote>此外，机器人出租车业务和车辆制造是互补的业务。网约车收入份额可以激励更多销售。如果被迫拥有这些车辆，小鹏汽车可以以成本价出售给小鹏机器人出租车，使其相对于竞争对手具有巨大的成本优势。</blockquote></p><p> In addition to valuations from vehicle sales and robotaxi revenue, other potential valuation upsides exist. XPeng users currently pay monthly subscription fees to use its NGP system. We can expect the subscription uptake rate to improve as more autonomous functions are introduced. With a growing user base and its highly profitable margins, NGP subscription cash flows may grow to rival vehicle sales. We can also expect revenues from eVOTL and robotic pony sales by 2024. These revenues can be significant and are not currently priced in.</p><p><blockquote>除了汽车销量和robotaxi收入的估值外，还存在其他潜在的估值上行空间。小鹏用户目前每月支付订阅费才能使用其NGP系统。随着更多自主功能的引入，我们可以预期订阅率将会提高。随着用户群的不断增长及其高利润率，NGP订阅现金流可能会增长到与汽车销量相媲美的水平。我们还可以预计到2024年，eVOTL和机器人小马的销售收入。这些收入可能很大，但目前尚未计入价格。</blockquote></p><p> <b>Risks and Challenges</b></p><p><blockquote><b>风险与挑战</b></blockquote></p><p> While I believe the technology and cost structure support my bull thesis, uncertainties exist. The revenue is largely dependent on the number of vehicle licenses Chinese regulators will be willing to authorize. Regulatory approvals may be slowed to reduce disruptions to the labor market.</p><p><blockquote>虽然我相信技术和成本结构支持我的看涨论点，但不确定性是存在的。收入在很大程度上取决于中国监管机构愿意授权的车辆牌照数量。监管审批可能会放缓，以减少对劳动力市场的干扰。</blockquote></p><p> In the most bearish case, regulators may decline to grant ride-hailing licenses to private autonomous vehicles. This case is highly unlikely. China would be stifling one of its leading-edge industries. There is little rationale for denying XPeng, as both private ride-hailing vehicles and autonomous ride-hailing vehicles are already authorized. However, some cities may require XPeng to own its robotaxi fleet, which will reduce its competitive advantage.</p><p><blockquote>在最悲观的情况下，监管机构可能会拒绝向私人自动驾驶汽车发放网约车牌照。这种情况极不可能发生。中国将扼杀其领先行业之一。拒绝小鹏汽车的理由很少，因为私人网约车和自动驾驶网约车都已经获得授权。然而，一些城市可能会要求小鹏汽车拥有其robotaxi车队，这将降低其竞争优势。</blockquote></p><p> Tiger Securities gave a&nbsp;bearish review&nbsp;of XPeng, citing that the current laws prohibit autonomous operations, and other players \"might have time to catch up.\" It is important to study the autonomy capabilities of other players and estimate that likelihood. Judging from FSD beta tester videos, Tesla (TSLA) autonomy is somewhat behind that of XPeng's. Though with its wealth of data, Tesla may be able to quickly catch up. Regardless, Tesla FSD and XPeng NGP are coded for different driving environments. They most likely will not directly compete in robotaxi until later in the decade and in other markets than US or China. In China, Huawei Harmony intelligent driving system has also demonstrated a high level of autonomy. Huawei however is not a vehicle manufacturer. Its EV partner BAIC Arcfox is lagging quite far behind in sales compared to other EV peers. Current robotaxi firms like Baidu and Pony.ai may be able to substantially reduce the retrofit cost and may even adapt their system to a mass-market vehicle. It is unclear if it is possible for a hardware-centric robotaxi system based on powerful roof sensors to adapt to an array of weaker sensors that require greater AI logic.</p><p><blockquote>老虎证券对小鹏汽车给出了看跌评级，理由是现行法律禁止自动驾驶，其他玩家“可能有时间赶上”。研究其他参与者的自主能力并估计这种可能性是很重要的。从FSD beta测试人员视频来看，特斯拉（TSLA）的自主性有些落后于小鹏汽车。尽管凭借丰富的数据，特斯拉或许能够迅速赶上。无论如何，特斯拉FSD和小鹏NGP都是针对不同的驾驶环境进行编码的。他们很可能要到本世纪晚些时候才会在机器人出租车领域以及美国或中国以外的其他市场直接竞争。在中国，华为Harmony智能驾驶系统也展现了高度的自动驾驶水平。然而，华为不是一家汽车制造商。与其他电动汽车同行相比，其电动汽车合作伙伴北汽Arcfox的销量远远落后。百度和小马智行等当前的机器人出租车公司可能能够大幅降低改造成本，甚至可能使其系统适应大众市场车辆。目前尚不清楚基于强大车顶传感器的以硬件为中心的robotaxi系统是否有可能适应一系列需要更强人工智能逻辑的较弱传感器。</blockquote></p><p> Capturing a share of the ride-hailing and delivery market in China is highly dependent upon XPeng maintaining technology and cost advantage. It would be fair to attribute a large risk discount to the valuation. Though any shortfall in market share can be supplemented by international markets.</p><p><blockquote>在中国网约车和送货市场占据份额高度依赖于小鹏汽车保持技术和成本优势。将较大的风险折扣归因于估值是公平的。尽管市场份额的任何不足都可以通过国际市场来补充。</blockquote></p><p> Finally, there are geopolitical and specific delisting risks to investing in Chinese stocks in the form of ADRs. XPeng and some other US-listed ADRs have also listed in Hong Kong to hedge against the possibilities of delisting. In the event of delisting, US shareholders will be able to trade their shares for Hong Kong-listed shares. Those who cannot or are not willing to bank in Hong Kong will exist long positions. Share prices may be moderately depressed in the short and medium-term. It is fair to attribute some risk premium to Chinese ADRs. Though I would argue that such discounts are already priced, and in fact, the market has overreacted to recent news.</p><p><blockquote>最后，以ADR形式投资中国股票存在地缘政治和特定的退市风险。小鹏汽车和其他一些在美国上市的美国存托凭证也在香港上市，以对冲退市的可能性。如果退市，美国股东将能够将其股票交易为香港上市股票。那些不能或不愿意在香港办理银行业务的人将持有多头头寸。中短期内股价可能会适度低迷。将部分风险溢价归因于中国ADR是公平的。尽管我认为这种折扣已经定价，事实上，市场对最近的消息反应过度了。</blockquote></p><p> To Conclude</p><p><blockquote>得出结论</blockquote></p><p> XPEV has earned an average consensus of \"Buy\" recommendations from analysts. XPeng is also one of the fastest-growing pure-play EV companies in the world, growing at the rate of 188% YoY for Q3 2021 and 270% YoY for the month of November 2021. Considering its tremendous growth rate, its share price is undervalued and attractive to own. Furthermore, I argue in this article that XPeng is poised to realize an additional 350% upside to its valuation, as the company enters the ride-hailing market through its autonomous driving technology. While it may take several years for XPeng to fully realize its robotaxi ambitions, time may be running out to buy XPEV at a cheap price. Therefore, I advise investors to buy and hold for the long term.</p><p><blockquote>XPEV获得了分析师平均一致的“买入”建议。小鹏汽车也是全球增长最快的纯电动汽车公司之一，2021年第三季度同比增长188%，2021年11月同比增长270%。考虑到其巨大的增长率，其股价被低估且具有吸引力。此外，我在本文中认为，随着小鹏汽车通过自动驾驶技术进入网约车市场，其估值有望实现350%的额外上涨。虽然小鹏汽车可能需要几年时间才能完全实现其robotaxi雄心，但以低廉的价格购买XPEV的时间可能已经不多了。因此，我建议投资者买入并长期持有。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4476638-xpeng-forecasting-its-expansion-into-robotaxi\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车"},"source_url":"https://seekingalpha.com/article/4476638-xpeng-forecasting-its-expansion-into-robotaxi","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126351388","content_text":"Summary\n\nXPeng is poised to disrupt the incumbent robotaxi and ride-hailing firms.\nUsing an AI-centric approach with small sensors, XPeng will be able to operate at a substantially lower cost.\nWinning a market share of the ride-hailing industry implies significant upside valuation potential for XPEV.\n\nXPeng Motors (XPEV) recently announced the company will launch a pilot program for autonomous driving ride-hailing service in the second half of 2022. This announcement generated multiple positive news articles, and the company's valuation rose in response. However, most if not all articles failed to appreciate a significant implication. XPeng will be the first vehicle manufacturer to enter the autonomous ride-hailing market with its mass-market production vehicles. With this announcement, XPeng implies their privately-owned vehicles will be able to match the autonomous capabilities of robotaxi firms like Waymo, Cruise, or Baidu (BIDU), and that XPeng can generate similar revenues without the added cost of robotaxi retrofit and potentially the cost of the vehicles themselves. With its substantial cost advantages, the company is poised to capture a large portion of the ride-hailing market and realize a significant valuation upside.\nAssumptions\nHere, I make a large assumption that the pilot program will take two years to complete, and full-scale commercial operations and revenue generations will begin at the start of 2025. There exists a large degree of uncertainty with this timeline. It is largely dependent on the pace of ADAS technology development and regulatory approvals.\nXPeng has recently released the Xpilot 3.5 system with the model P5. There are multiple YouTube videos where professional reviewers ride the city NGP (Navigation Guided Pilot) 3.5 system. Here's a video clip during the XPeng Tech Day. The demonstrations consistently navigated challenging routes with few disengagements. The reviewers unanimously found the system impressive. XPeng also announced the release of the Xpilot 4.0 system with its new SUV model G9. The company expects that the 4.0 system will be live in 2023 and will be able to autonomously pilot almost all roads in China with zero disengagements. Such performance will be technologically sufficient to operate a robotaxi business.\nWe have seen past timelines with Baidu Apollo and Pony.ai services. In November, the city of Beijing granted full commercial operation licenses to robotaxi services. It had taken a little over two years from pilot debut to limited commercialization. Baidu expects other major cities to follow Beijing's lead early next year. If XPeng is to follow the timeline, it can expect to receive commercial licenses for revenue generation in early 2025. However, Baidu and regulators have been exploring a nascent industry and building a regulatory framework. I believe it is likely that the approval of XPeng robotaxis will be considerably faster, as the approval process can take advantage of existing guidelines.\nTherefore, the trends of XPeng's ADAS technology and China's regulatory framework both support the assumption of 2025 revenue realization, and this assumption may be conservative.\nRevenue and CostRobotaxi Economics\nAfter receiving commercial licenses, Baidu has announced that it is charging above-market fees. Baidu has a limited number of commercial licenses, and the demand is excessive due to the novelty factor. As it scales into larger operations, the fee structure is likely to come down and undercut the main competitor DiDi (DIDI), which charges $.7 - $2/mile depending on a variety of factors and level of service. For comparable service to Baidu Apollo cars in operation, DiDi charges about $1/mile, according to Lux Research Inc's articleThe Economics of Robotaxis.\nThe article also estimates a robotaxi costs $0.28/mile to operate in China. On paper, Baidu should be able to maintain a healthy profit margin, charge lower than DiDi, and gain significant market share. If we examine the cost trends, the advantages of robotaxi widen even further. The largest cost driver of DiDi is labor, which is rising in China and around the world. Out of the operation costs of robotaxis, maintenance cost is expected to trend down as EV quality improves. Insurance cost is expected to trend down as large robotaxi firms can insure their own operations. Added value cost is expected to trend down as the autonomous driving sensors are falling sharply in prices. Vehicle cost may rise moderately but the economy of scale should keep the rate of materials inflation under that of wage inflation. Therefore, Lux Research Inc concludes, and I agree, that robotaxi operations will be disruptive to incumbent ride-hailing companies. However, how does XPeng fit into this picture?\nXPeng Disruptions\nThe cost analysis shows XPeng's robotaxis will further disrupt the nascent robotaxi companies. XPeng vehicles with Xpilot 4.0 do not require retrofit to operate as a robotaxi. Lux Research estimates the robotaxis like the Baidu Apollo cost about $0.15/mile to operate in terms of vehicle and added value retrofit costs. In June 2021, Baidu announced its Apollo Moon robotaxi will cost 480,000 yuan ($75,000) to produce, according to thisNikkei articleand other publications. On the other hand, the XPeng G9 with XPilot 4.0 is expected to cost between 350,000 to 400,000 yuan to the consumers. If we roughly estimate 15% profit margin and 15% selling and marketing costs, the G9 costs XPeng approximately between 245,000 to 280,000 yuan to produce. Therefore, XPeng will be able to operate with 42-49% less vehicle cost compared to Baidu Apollo.\nFurthermore, XPeng robotaxi can potentially operate without a vehicle cost at all. By 2025, there are expected to be hundreds of thousands of XPeng EVs on the road that can operate as robotaxi with an OTA update. Just as Uber and DiDi hire gig drivers, XPeng can theoretically hire private autonomous cars and pay the owners a share of the revenue.\nFinally, robotaxi companies like Baidu must maintain high margins to bear its significant overhead costs in R&D and SGA. XPeng Motors vehicle sales bear the majority of the R&D and SGA costs. Additional indirect costs from robotaxi business should be a small fraction of the cost structure of incumbent ride-hailing companies. If XPeng is to launch robotaxi today, it can theoretically charge $0.50/mile at a cost of $0.205/mile. (Its vehicle cost is $0.075/mile cheaper than Baidu, which cost about $0.28/mile to operate.) Such a price point cannot be matched by Baidu or DiDi and will substantially displace their market share. In fact, DiDi's breakeven price point is most likely higher than $0.90/mile. Therefore, I conclude it is likely that XPeng will be charge half of the fees of Baidu and DiDi and still maintain healthy profit margins.\nMarket Trends and Projections\nRobotaxis are expected to disrupt the ride-hailing industry. Major players like DiDi and Uber (UBER) are aware of this future trend and have spent billions developing autonomy technology themselves. As technologies mature, autonomous vehicles will also be able to encroach into the food delivery business. As a side note, XPeng holds a unique advantage with its advanced robotics division. It is in the process of bringing to market a robotic pony with autonomous terrain navigation capabilities. An online video shows it is currently able to deliver objects around XPeng's office by voice command. Robotics can enable a robotaxi to bridge the gap between the road and the delivery destination.\nFollowing is a graph of the estimated Total Addressable Market of ride-hailing and food delivery in China, according to statista.com.With the assumption that XPeng gains regulatory licenses in 2025, I estimate XPeng Robotaxi business will grow rapidly and hold significant market share in the ride-hailing market and substantial market share in the food delivery market by 2028. Thereafter, XPeng may experience slower growth once other vehicle systems reach sufficient autonomy. I expect XPeng Robotaxi's profit margins will be lower than DiDi's as XPeng pushes a low-cost strategy to displace incumbents. I expect as much as 90% of earnings after taxes will be pure free cash flow, as R&D and SGA costs attributed to the robotaxi division will be low.\nI use the following assumptions for a valuation projection. There are high degrees of uncertainty and conjecture, as I forecast the first business of its kind in 2025, in an industry that is still nascent today. I expect XPeng to gain a 5% market share in robotaxi and a 2.5% market share in food delivery in 2025. It will grow at a 30% CAGR through 2028. Thereafter, the growth slows gradually to 10% by 2031 and continues at the terminal growth rate of 5%. I assume XPeng will capture 50% of sales as FCF. I use a 13% discount rate to arrive at the discounted present value of future cash flow.The critical assumptions in market shares and a 30% CAGR, I believe, are conservative. I arrive at a $133.5B USD valuation for the XPeng Robotaxi business, a 350% upside to its current valuations and in addition to its vehicle sales business. I would argue that only $9B is priced in when the stock appreciated after the robotaxi announcement. Long-term investors can consider attractive points to enter. As we approach the pilot launch in 2022, more and more of the upside may be priced in with additional announcements.\nAdditional Bull Notes\nXPeng's core business is currently undervalued relative to its peers. As of 12/9/2021, Tesla is valued at 25 times XPeng and is on track to delivery approximately 7 times more car than XPeng in Q4. Tesla in Q3 grew at a pace of 73% YoY, which XPeng in Q3 grew 199% YoY. Considering XPeng's exceptional growth rate, it is clear XPeng is trading at a substantial discount.\nFurthermore, the robotaxi business and vehicle manufacturing are complementary businesses. Ride-hailing revenue share can incentivize more sales. If forced to own the vehicles, XPeng Motors can sell to XPeng Robotaxi at cost, giving it a substantial cost advantage over competitors.\nIn addition to valuations from vehicle sales and robotaxi revenue, other potential valuation upsides exist. XPeng users currently pay monthly subscription fees to use its NGP system. We can expect the subscription uptake rate to improve as more autonomous functions are introduced. With a growing user base and its highly profitable margins, NGP subscription cash flows may grow to rival vehicle sales. We can also expect revenues from eVOTL and robotic pony sales by 2024. These revenues can be significant and are not currently priced in.\nRisks and Challenges\nWhile I believe the technology and cost structure support my bull thesis, uncertainties exist. The revenue is largely dependent on the number of vehicle licenses Chinese regulators will be willing to authorize. Regulatory approvals may be slowed to reduce disruptions to the labor market.\nIn the most bearish case, regulators may decline to grant ride-hailing licenses to private autonomous vehicles. This case is highly unlikely. China would be stifling one of its leading-edge industries. There is little rationale for denying XPeng, as both private ride-hailing vehicles and autonomous ride-hailing vehicles are already authorized. However, some cities may require XPeng to own its robotaxi fleet, which will reduce its competitive advantage.\nTiger Securities gave a bearish review of XPeng, citing that the current laws prohibit autonomous operations, and other players \"might have time to catch up.\" It is important to study the autonomy capabilities of other players and estimate that likelihood. Judging from FSD beta tester videos, Tesla (TSLA) autonomy is somewhat behind that of XPeng's. Though with its wealth of data, Tesla may be able to quickly catch up. Regardless, Tesla FSD and XPeng NGP are coded for different driving environments. They most likely will not directly compete in robotaxi until later in the decade and in other markets than US or China. In China, Huawei Harmony intelligent driving system has also demonstrated a high level of autonomy. Huawei however is not a vehicle manufacturer. Its EV partner BAIC Arcfox is lagging quite far behind in sales compared to other EV peers. Current robotaxi firms like Baidu and Pony.ai may be able to substantially reduce the retrofit cost and may even adapt their system to a mass-market vehicle. It is unclear if it is possible for a hardware-centric robotaxi system based on powerful roof sensors to adapt to an array of weaker sensors that require greater AI logic.\nCapturing a share of the ride-hailing and delivery market in China is highly dependent upon XPeng maintaining technology and cost advantage. It would be fair to attribute a large risk discount to the valuation. Though any shortfall in market share can be supplemented by international markets.\nFinally, there are geopolitical and specific delisting risks to investing in Chinese stocks in the form of ADRs. XPeng and some other US-listed ADRs have also listed in Hong Kong to hedge against the possibilities of delisting. In the event of delisting, US shareholders will be able to trade their shares for Hong Kong-listed shares. Those who cannot or are not willing to bank in Hong Kong will exist long positions. Share prices may be moderately depressed in the short and medium-term. It is fair to attribute some risk premium to Chinese ADRs. Though I would argue that such discounts are already priced, and in fact, the market has overreacted to recent news.\nTo Conclude\nXPEV has earned an average consensus of \"Buy\" recommendations from analysts. XPeng is also one of the fastest-growing pure-play EV companies in the world, growing at the rate of 188% YoY for Q3 2021 and 270% YoY for the month of November 2021. Considering its tremendous growth rate, its share price is undervalued and attractive to own. Furthermore, I argue in this article that XPeng is poised to realize an additional 350% upside to its valuation, as the company enters the ride-hailing market through its autonomous driving technology. While it may take several years for XPeng to fully realize its robotaxi ambitions, time may be running out to buy XPEV at a cheap price. Therefore, I advise investors to buy and hold for the long term.","news_type":1,"symbols_score_info":{"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":3085,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698113743,"gmtCreate":1640316254397,"gmtModify":1640316649953,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698113743","repostId":"1162095041","repostType":4,"repost":{"id":"1162095041","kind":"news","pubTimestamp":1640314859,"share":"https://www.laohu8.com/m/news/1162095041?lang=zh_CN&edition=full","pubTime":"2021-12-24 11:00","market":"us","language":"en","title":"JD Stock: The Tencent News That Has Chinese Tech JD.com Tumbling Today<blockquote>京东股票：腾讯控股新闻导致中国科技京东今天暴跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162095041","media":"InvestorPlace","summary":"JD.com stock is taking a beating on Thursday following news about Tencent giving away its stake in the Chinese e-commerce company.At least, Tencent will give away most of its stake in the company. It announced a special one-time dividend that will have it distributing shares of JD stock to its shareholders. That will have to reduce its ownership of the company’s stock by 457 million. That will drop its stake from 17% to 2.3%.According to Tencent, it’s reducing its stake in JD.com because the com","content":"<p><div> JD.com(NASDAQ:JD) stock is taking a beating on Thursday following news about Tencent(OTCMKTS:TCEHY) giving away its stake in the Chinese e-commerce company. At least, Tencent will give away most of ...</p><p><blockquote><div>在腾讯控股（OTCMKTS：TCEHY）放弃其在这家中国电子商务公司的股份的消息传出后，京东（纳斯达克：JD）的股价周四遭受重创。至少，腾讯控股会放弃大部分...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/jd-stock-the-tencent-news-that-has-chinese-tech-jd-com-tumbling-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/jd-stock-the-tencent-news-that-has-chinese-tech-jd-com-tumbling-today/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Stock: The Tencent News That Has Chinese Tech JD.com Tumbling Today<blockquote>京东股票：腾讯控股新闻导致中国科技京东今天暴跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Stock: The Tencent News That Has Chinese Tech JD.com Tumbling Today<blockquote>京东股票：腾讯控股新闻导致中国科技京东今天暴跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-24 11:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> JD.com(NASDAQ:JD) stock is taking a beating on Thursday following news about Tencent(OTCMKTS:TCEHY) giving away its stake in the Chinese e-commerce company. At least, Tencent will give away most of ...</p><p><blockquote><div>在腾讯控股（OTCMKTS：TCEHY）放弃其在这家中国电子商务公司的股份的消息传出后，京东（纳斯达克：JD）的股价周四遭受重创。至少，腾讯控股会放弃大部分...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/jd-stock-the-tencent-news-that-has-chinese-tech-jd-com-tumbling-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/jd-stock-the-tencent-news-that-has-chinese-tech-jd-com-tumbling-today/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/jd-stock-the-tencent-news-that-has-chinese-tech-jd-com-tumbling-today/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","JD":"京东"},"source_url":"https://investorplace.com/2021/12/jd-stock-the-tencent-news-that-has-chinese-tech-jd-com-tumbling-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162095041","content_text":"JD.com(NASDAQ:JD) stock is taking a beating on Thursday following news about Tencent(OTCMKTS:TCEHY) giving away its stake in the Chinese e-commerce company.\nAt least, Tencent will give away most of its stake in the company. It announced a special one-time dividend that will have it distributing shares of JD stock to its shareholders. That will have to reduce its ownership of the company’s stock by 457 million. That will drop its stake from 17% to 2.3%.\nAccording to Tencent, it’s reducing its stake in JD.com because the company is now viable and doesn’t need its support. The Chinese company says that this is simply part of its investment strategy.\nWhile that may be true, there could be other factors at play. Chinese regulators have been cracking down on companies growing too large with fees. It’s possible that Tencent decided to give away the majority of its stake in JD.com to avoid possible action from the government, reports CNBC.\nNo matter the reason, it’s JD stock that is feeling the heat today over Tencent’s move. That includes heavy trading of the shares. As of this writing, more than 18 million shares of the company’s stock have changed hands. That’s already above the company’s daily average trading volume of about 9.5 million shares.\nJD stock is down 6.92% and TCEHY stock is up 5.79% on Thursday. JD stock is down 20.2% since the start of the year and TCEHY stock is down 17.6% year-to-date.","news_type":1,"symbols_score_info":{"00700":0.9,"JD":0.9}},"isVote":1,"tweetType":1,"viewCount":2830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691222275,"gmtCreate":1640213167324,"gmtModify":1640213167546,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691222275","repostId":"1104039472","repostType":4,"repost":{"id":"1104039472","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1640184691,"share":"https://www.laohu8.com/m/news/1104039472?lang=zh_CN&edition=full","pubTime":"2021-12-22 22:51","market":"us","language":"en","title":"Biogen shares fell 1.2% in early trading<blockquote>百健(Biogen)股价早盘下跌1.2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104039472","media":"Tiger Newspress","summary":"Biogen shares fell 1.2% in early trading.A Japanese health ministry panel said on Wednesday that inc","content":"<p>Biogen&nbsp;shares&nbsp;fell&nbsp;1.2%&nbsp;in&nbsp;early&nbsp;trading.<img src=\"https://static.tigerbbs.com/22ab29bf4110d582a44955c778f3cf48\" tg-width=\"713\" tg-height=\"596\" width=\"100%\" height=\"auto\">A Japanese health ministry panel said on Wednesday that inconsistent trial results made it difficult to determine the efficacy of an Alzheimer's treatment developed by Eisai Co and Biogen Inc.</p><p><blockquote>百健(Biogen)股价早盘下跌1.日本厚生省的一个小组周三表示，不一致的试验结果使得很难确定卫材公司和百健公司开发的阿尔茨海默氏症治疗方法的疗效。</blockquote></p><p> Tokyo-based Eisai and its United States partner filed for Japanese regulatory approval just over a year ago for the drug Aduhelm, which was approved in the United States in June.</p><p><blockquote>总部位于东京的卫材及其美国合作伙伴一年多前向日本监管机构申请了药物Aduhelm的批准，该药物于6月在美国获得批准。</blockquote></p><p> In a statement the panel cited inconsistent results from global Phase III trials and a lack of clinical significance in the drug's ability to reduce plaques in the brain. The panel said it would take another look if further data is submitted.</p><p><blockquote>在一份声明中，该小组引用了全球III期试验的不一致结果，以及该药物减少大脑斑块的能力缺乏临床意义。该小组表示，如果提交进一步的数据，它将重新考虑。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biogen shares fell 1.2% in early trading<blockquote>百健(Biogen)股价早盘下跌1.2%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiogen shares fell 1.2% in early trading<blockquote>百健(Biogen)股价早盘下跌1.2%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-22 22:51</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Biogen&nbsp;shares&nbsp;fell&nbsp;1.2%&nbsp;in&nbsp;early&nbsp;trading.<img src=\"https://static.tigerbbs.com/22ab29bf4110d582a44955c778f3cf48\" tg-width=\"713\" tg-height=\"596\" width=\"100%\" height=\"auto\">A Japanese health ministry panel said on Wednesday that inconsistent trial results made it difficult to determine the efficacy of an Alzheimer's treatment developed by Eisai Co and Biogen Inc.</p><p><blockquote>百健(Biogen)股价早盘下跌1.日本厚生省的一个小组周三表示，不一致的试验结果使得很难确定卫材公司和百健公司开发的阿尔茨海默氏症治疗方法的疗效。</blockquote></p><p> Tokyo-based Eisai and its United States partner filed for Japanese regulatory approval just over a year ago for the drug Aduhelm, which was approved in the United States in June.</p><p><blockquote>总部位于东京的卫材及其美国合作伙伴一年多前向日本监管机构申请了药物Aduhelm的批准，该药物于6月在美国获得批准。</blockquote></p><p> In a statement the panel cited inconsistent results from global Phase III trials and a lack of clinical significance in the drug's ability to reduce plaques in the brain. The panel said it would take another look if further data is submitted.</p><p><blockquote>在一份声明中，该小组引用了全球III期试验的不一致结果，以及该药物减少大脑斑块的能力缺乏临床意义。该小组表示，如果提交进一步的数据，它将重新考虑。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIIB":"渤健公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104039472","content_text":"Biogen shares fell 1.2% in early trading.A Japanese health ministry panel said on Wednesday that inconsistent trial results made it difficult to determine the efficacy of an Alzheimer's treatment developed by Eisai Co and Biogen Inc.\nTokyo-based Eisai and its United States partner filed for Japanese regulatory approval just over a year ago for the drug Aduhelm, which was approved in the United States in June.\nIn a statement the panel cited inconsistent results from global Phase III trials and a lack of clinical significance in the drug's ability to reduce plaques in the brain. The panel said it would take another look if further data is submitted.","news_type":1,"symbols_score_info":{"BIIB":0.9}},"isVote":1,"tweetType":1,"viewCount":3434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691138884,"gmtCreate":1640145544412,"gmtModify":1640145544711,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691138884","repostId":"2193316202","repostType":4,"isVote":1,"tweetType":1,"viewCount":2709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693289947,"gmtCreate":1640040211080,"gmtModify":1640040211302,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/693289947","repostId":"2192004187","repostType":4,"isVote":1,"tweetType":1,"viewCount":4436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693046457,"gmtCreate":1639954329675,"gmtModify":1639954329885,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693046457","repostId":"1125012423","repostType":4,"repost":{"id":"1125012423","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639751833,"share":"https://www.laohu8.com/m/news/1125012423?lang=zh_CN&edition=full","pubTime":"2021-12-17 22:37","market":"us","language":"en","title":"Rivian tumbled over 12% in morning trading after it warned supply issues to hit 2021 production<blockquote>Rivian警告供应问题将影响2021年产量，早盘股价暴跌逾12%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125012423","media":"Tiger Newspress","summary":"Rivian tumbled over 12% in morning trading after it warned supply issues to hit 2021 production.It highlighted the challenges it is likely to face in ramping up production to take on EV leader Tesla Inc.Rivian also announced plans to build a $5 billion plant to ramp up capacity, while flagging production challenges even as it receives about 2,000 pre-orders every week.\"We don't want to read too much into near-term issues ... but it does highlight the risk that Rivian has a lot on its plate,\" RBC","content":"<p>Rivian tumbled over 12% in morning trading after it warned supply issues to hit 2021 production.<img src=\"https://static.tigerbbs.com/f2cd2f9985fc84125cde2f76f0e9f403\" tg-width=\"764\" tg-height=\"567\" width=\"100%\" height=\"auto\">It&nbsp;highlighted the challenges it is likely to face in ramping up production to take on EV leader Tesla Inc.</p><p><blockquote>Rivian警告供应问题将影响2021年产量，该公司早盘股价下跌超过12%。它强调了在提高产量以对抗电动汽车领导者特斯拉公司时可能面临的挑战。</blockquote></p><p> Rivian also announced plans to build a $5 billion plant to ramp up capacity, while flagging production challenges even as it receives about 2,000 pre-orders every week.</p><p><blockquote>Rivian还宣布计划建造一座耗资50亿美元的工厂以提高产能，同时指出尽管每周收到约2,000份预订订单，但仍面临生产挑战。</blockquote></p><p> \"We don't want to read too much into near-term issues ... but it does highlight the risk that Rivian has a lot on its plate,\" RBC Capital Markets analyst Joseph Spak said.</p><p><blockquote>加拿大皇家银行资本市场分析师Joseph Spak表示：“我们不想过多解读近期问题……但这确实凸显了Rivian有很多事情要做的风险。”</blockquote></p><p> The company expects production to fall \"a few hundred vehicles short\" of its 2021 target of 1,200 due to supply chain constraints.</p><p><blockquote>该公司预计，由于供应链限制，产量将比2021年1200辆的目标“少几百辆”。</blockquote></p><p> Increasing production of R1T truck, R1S SUV and Amazon's delivery vans within a few months would be akin to \"a really complex orchestra,\" Chief Executive Officer RJ Scaringe said.</p><p><blockquote>首席执行官RJ Scaringe表示，在几个月内增加R1T卡车、R1S SUV和亚马逊送货车的产量将类似于“一个非常复杂的管弦乐队”。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian tumbled over 12% in morning trading after it warned supply issues to hit 2021 production<blockquote>Rivian警告供应问题将影响2021年产量，早盘股价暴跌逾12%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRivian tumbled over 12% in morning trading after it warned supply issues to hit 2021 production<blockquote>Rivian警告供应问题将影响2021年产量，早盘股价暴跌逾12%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-17 22:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Rivian tumbled over 12% in morning trading after it warned supply issues to hit 2021 production.<img src=\"https://static.tigerbbs.com/f2cd2f9985fc84125cde2f76f0e9f403\" tg-width=\"764\" tg-height=\"567\" width=\"100%\" height=\"auto\">It&nbsp;highlighted the challenges it is likely to face in ramping up production to take on EV leader Tesla Inc.</p><p><blockquote>Rivian警告供应问题将影响2021年产量，该公司早盘股价下跌超过12%。它强调了在提高产量以对抗电动汽车领导者特斯拉公司时可能面临的挑战。</blockquote></p><p> Rivian also announced plans to build a $5 billion plant to ramp up capacity, while flagging production challenges even as it receives about 2,000 pre-orders every week.</p><p><blockquote>Rivian还宣布计划建造一座耗资50亿美元的工厂以提高产能，同时指出尽管每周收到约2,000份预订订单，但仍面临生产挑战。</blockquote></p><p> \"We don't want to read too much into near-term issues ... but it does highlight the risk that Rivian has a lot on its plate,\" RBC Capital Markets analyst Joseph Spak said.</p><p><blockquote>加拿大皇家银行资本市场分析师Joseph Spak表示：“我们不想过多解读近期问题……但这确实凸显了Rivian有很多事情要做的风险。”</blockquote></p><p> The company expects production to fall \"a few hundred vehicles short\" of its 2021 target of 1,200 due to supply chain constraints.</p><p><blockquote>该公司预计，由于供应链限制，产量将比2021年1200辆的目标“少几百辆”。</blockquote></p><p> Increasing production of R1T truck, R1S SUV and Amazon's delivery vans within a few months would be akin to \"a really complex orchestra,\" Chief Executive Officer RJ Scaringe said.</p><p><blockquote>首席执行官RJ Scaringe表示，在几个月内增加R1T卡车、R1S SUV和亚马逊送货车的产量将类似于“一个非常复杂的管弦乐队”。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125012423","content_text":"Rivian tumbled over 12% in morning trading after it warned supply issues to hit 2021 production.It highlighted the challenges it is likely to face in ramping up production to take on EV leader Tesla Inc.\nRivian also announced plans to build a $5 billion plant to ramp up capacity, while flagging production challenges even as it receives about 2,000 pre-orders every week.\n\"We don't want to read too much into near-term issues ... but it does highlight the risk that Rivian has a lot on its plate,\" RBC Capital Markets analyst Joseph Spak said.\nThe company expects production to fall \"a few hundred vehicles short\" of its 2021 target of 1,200 due to supply chain constraints.\nIncreasing production of R1T truck, R1S SUV and Amazon's delivery vans within a few months would be akin to \"a really complex orchestra,\" Chief Executive Officer RJ Scaringe said.","news_type":1,"symbols_score_info":{"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":2685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699579925,"gmtCreate":1639867892195,"gmtModify":1639867892404,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/699579925","repostId":"1109831591","repostType":4,"repost":{"id":"1109831591","kind":"news","pubTimestamp":1639804463,"share":"https://www.laohu8.com/m/news/1109831591?lang=zh_CN&edition=full","pubTime":"2021-12-18 13:14","market":"us","language":"en","title":"Why Pfizer and Johnson & Johnson Fell on Friday<blockquote>辉瑞和强生周五为何下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109831591","media":"Motley Fool","summary":"What happened\nTwo prominent U.S. coronavirus stocks ended the week on a down note. Pfizer and Johnso","content":"<p>What happened</p><p><blockquote>发生了什么</blockquote></p><p> Two prominent U.S. coronavirus stocks ended the week on a down note.&nbsp;<a href=\"https://laohu8.com/S/PFE\"><b>Pfizer</b></a>&nbsp;and&nbsp;<a href=\"https://laohu8.com/S/JNJ\"><b>Johnson &amp; Johnson</b></a>&nbsp;both fell on the day by nearly 3%. This followed a prominent investment bank's rather lukewarm take on their current prospects.</p><p><blockquote>两只著名的美国冠状病毒股票本周收盘下跌。<a href=\"https://laohu8.com/S/PFE\"><b>辉瑞</b></a>和<a href=\"https://laohu8.com/S/JNJ\"><b>强生公司</b></a>当日均跌近3%。此前，一家著名投资银行对其当前前景持相当冷淡的看法。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c6a2f152eebbe10f5ab65a99815f461c\" tg-width=\"975\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> <b>Goldman Sachs</b>&nbsp;analyst Chris Shibutani initiated coverage on Pfizer and Johnson &amp; Johnson on Friday, tagging both high-profile healthcare industry stocks with neutral recommendations.</p><p><blockquote><b>高盛</b>分析师Chris Shibutani周五开始对辉瑞和强生公司进行报道，对这两只备受瞩目的医疗保健行业股票给予中性推荐。</blockquote></p><p> Shibutani is concerned with what he considers to be Pfizer's somewhat cloudy future, despite the great success of the Comirnaty coronavirus vaccine it developed with Germanbiotech&nbsp;<b>BioNTech</b>.</p><p><blockquote>尽管辉瑞与德国生物技术公司开发的Comirnaty冠状病毒疫苗取得了巨大成功，但涩谷对他认为辉瑞的未来有些阴云密布感到担忧<b>BioNTech</b>.</blockquote></p><p> \"Our views on [Pfizer] come down to that we estimate around one-third of its current valuation is attributed to the COVID-19 vaccine and therapeutic [products], and we feel the trajectory for both remains highly uncertain,\" he wrote.</p><p><blockquote>他写道：“我们对[辉瑞]的看法归结为，我们估计其当前估值的三分之一左右归因于COVID-19疫苗和治疗[产品]，我们认为两者的发展轨迹仍然高度不确定。”</blockquote></p><p> As for Johnson &amp; Johnson, the prognosticator feels the stock is also fairly valued. However, he sounded a more optimistic note about the company's potential.</p><p><blockquote>至于强生公司，预言家认为该股的估值也相当合理。然而，他对公司的潜力持更为乐观的态度。</blockquote></p><p> \"With [Johnson &amp; Johnson] in the midst of transitions across several domains for the organization ... we see possibilities -- even within an organization of [Johnson &amp; Johnson]'s scale and scope -- for additional potentially disruptive opportunities to develop that could reshape the investment thesis, in our view,\" he wrote.</p><p><blockquote>“随着[强生]正处于组织多个领域的转型之中……我们看到了可能性——即使是在[强生]规模和范围的组织内——开发更多潜在的颠覆性机会在我们看来，这可能会重塑投资论点，”他写道。</blockquote></p><p> Last month, Johnson &amp; Johnson announced plans to spin off its sprawlingconsumer healthcare division.</p><p><blockquote>上个月，强生公司宣布计划剥离其庞大的消费者医疗保健部门。</blockquote></p><p> Shibutani's price target on Pfizer stock is $51 per share, and that for Johnson &amp; Johnson is $161.</p><p><blockquote>Shibutani对辉瑞股票的目标价为每股51美元，强生公司的目标价为每股161美元。</blockquote></p><p> Now what</p><p><blockquote>现在怎么办</blockquote></p><p> Pfizer and Johnson &amp; Johnson are certainly heading into some uncertain waters -- both with the coronavirus and, in the latter company's case, the apparently looming spinoff. To my mind, though, the two companies have plenty of strength in numerous product areas outside of their respective vaccines, so investors shouldn't be too discouraged by Goldman Sachs' latest evaluations.</p><p><blockquote>辉瑞和强生公司无疑正在进入一些不确定的水域——无论是冠状病毒，还是后者公司显然迫在眉睫的分拆。不过，在我看来，这两家公司在各自疫苗之外的众多产品领域都拥有雄厚的实力，因此投资者不应因高盛的最新评估而过于气馁。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Pfizer and Johnson & Johnson Fell on Friday<blockquote>辉瑞和强生周五为何下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Pfizer and Johnson & Johnson Fell on Friday<blockquote>辉瑞和强生周五为何下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-18 13:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What happened</p><p><blockquote>发生了什么</blockquote></p><p> Two prominent U.S. coronavirus stocks ended the week on a down note.&nbsp;<a href=\"https://laohu8.com/S/PFE\"><b>Pfizer</b></a>&nbsp;and&nbsp;<a href=\"https://laohu8.com/S/JNJ\"><b>Johnson &amp; Johnson</b></a>&nbsp;both fell on the day by nearly 3%. This followed a prominent investment bank's rather lukewarm take on their current prospects.</p><p><blockquote>两只著名的美国冠状病毒股票本周收盘下跌。<a href=\"https://laohu8.com/S/PFE\"><b>辉瑞</b></a>和<a href=\"https://laohu8.com/S/JNJ\"><b>强生公司</b></a>当日均跌近3%。此前，一家著名投资银行对其当前前景持相当冷淡的看法。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c6a2f152eebbe10f5ab65a99815f461c\" tg-width=\"975\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> <b>Goldman Sachs</b>&nbsp;analyst Chris Shibutani initiated coverage on Pfizer and Johnson &amp; Johnson on Friday, tagging both high-profile healthcare industry stocks with neutral recommendations.</p><p><blockquote><b>高盛</b>分析师Chris Shibutani周五开始对辉瑞和强生公司进行报道，对这两只备受瞩目的医疗保健行业股票给予中性推荐。</blockquote></p><p> Shibutani is concerned with what he considers to be Pfizer's somewhat cloudy future, despite the great success of the Comirnaty coronavirus vaccine it developed with Germanbiotech&nbsp;<b>BioNTech</b>.</p><p><blockquote>尽管辉瑞与德国生物技术公司开发的Comirnaty冠状病毒疫苗取得了巨大成功，但涩谷对他认为辉瑞的未来有些阴云密布感到担忧<b>BioNTech</b>.</blockquote></p><p> \"Our views on [Pfizer] come down to that we estimate around one-third of its current valuation is attributed to the COVID-19 vaccine and therapeutic [products], and we feel the trajectory for both remains highly uncertain,\" he wrote.</p><p><blockquote>他写道：“我们对[辉瑞]的看法归结为，我们估计其当前估值的三分之一左右归因于COVID-19疫苗和治疗[产品]，我们认为两者的发展轨迹仍然高度不确定。”</blockquote></p><p> As for Johnson &amp; Johnson, the prognosticator feels the stock is also fairly valued. However, he sounded a more optimistic note about the company's potential.</p><p><blockquote>至于强生公司，预言家认为该股的估值也相当合理。然而，他对公司的潜力持更为乐观的态度。</blockquote></p><p> \"With [Johnson &amp; Johnson] in the midst of transitions across several domains for the organization ... we see possibilities -- even within an organization of [Johnson &amp; Johnson]'s scale and scope -- for additional potentially disruptive opportunities to develop that could reshape the investment thesis, in our view,\" he wrote.</p><p><blockquote>“随着[强生]正处于组织多个领域的转型之中……我们看到了可能性——即使是在[强生]规模和范围的组织内——开发更多潜在的颠覆性机会在我们看来，这可能会重塑投资论点，”他写道。</blockquote></p><p> Last month, Johnson &amp; Johnson announced plans to spin off its sprawlingconsumer healthcare division.</p><p><blockquote>上个月，强生公司宣布计划剥离其庞大的消费者医疗保健部门。</blockquote></p><p> Shibutani's price target on Pfizer stock is $51 per share, and that for Johnson &amp; Johnson is $161.</p><p><blockquote>Shibutani对辉瑞股票的目标价为每股51美元，强生公司的目标价为每股161美元。</blockquote></p><p> Now what</p><p><blockquote>现在怎么办</blockquote></p><p> Pfizer and Johnson &amp; Johnson are certainly heading into some uncertain waters -- both with the coronavirus and, in the latter company's case, the apparently looming spinoff. To my mind, though, the two companies have plenty of strength in numerous product areas outside of their respective vaccines, so investors shouldn't be too discouraged by Goldman Sachs' latest evaluations.</p><p><blockquote>辉瑞和强生公司无疑正在进入一些不确定的水域——无论是冠状病毒，还是后者公司显然迫在眉睫的分拆。不过，在我看来，这两家公司在各自疫苗之外的众多产品领域都拥有雄厚的实力，因此投资者不应因高盛的最新评估而过于气馁。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/17/why-pfizer-and-johnson-johnson-fell-on-friday/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JNJ":"强生","PFE":"辉瑞"},"source_url":"https://www.fool.com/investing/2021/12/17/why-pfizer-and-johnson-johnson-fell-on-friday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109831591","content_text":"What happened\nTwo prominent U.S. coronavirus stocks ended the week on a down note. Pfizer and Johnson & Johnson both fell on the day by nearly 3%. This followed a prominent investment bank's rather lukewarm take on their current prospects.\n\nSo what\nGoldman Sachs analyst Chris Shibutani initiated coverage on Pfizer and Johnson & Johnson on Friday, tagging both high-profile healthcare industry stocks with neutral recommendations.\nShibutani is concerned with what he considers to be Pfizer's somewhat cloudy future, despite the great success of the Comirnaty coronavirus vaccine it developed with Germanbiotech BioNTech.\n\"Our views on [Pfizer] come down to that we estimate around one-third of its current valuation is attributed to the COVID-19 vaccine and therapeutic [products], and we feel the trajectory for both remains highly uncertain,\" he wrote.\nAs for Johnson & Johnson, the prognosticator feels the stock is also fairly valued. However, he sounded a more optimistic note about the company's potential.\n\"With [Johnson & Johnson] in the midst of transitions across several domains for the organization ... we see possibilities -- even within an organization of [Johnson & Johnson]'s scale and scope -- for additional potentially disruptive opportunities to develop that could reshape the investment thesis, in our view,\" he wrote.\nLast month, Johnson & Johnson announced plans to spin off its sprawlingconsumer healthcare division.\nShibutani's price target on Pfizer stock is $51 per share, and that for Johnson & Johnson is $161.\nNow what\nPfizer and Johnson & Johnson are certainly heading into some uncertain waters -- both with the coronavirus and, in the latter company's case, the apparently looming spinoff. To my mind, though, the two companies have plenty of strength in numerous product areas outside of their respective vaccines, so investors shouldn't be too discouraged by Goldman Sachs' latest evaluations.","news_type":1,"symbols_score_info":{"JNJ":0.9,"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":4164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699667818,"gmtCreate":1639793779637,"gmtModify":1639793779856,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699667818","repostId":"1155244596","repostType":4,"repost":{"id":"1155244596","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639752003,"share":"https://www.laohu8.com/m/news/1155244596?lang=zh_CN&edition=full","pubTime":"2021-12-17 22:40","market":"us","language":"en","title":"Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list<blockquote>Novavax早盘继续上涨近5%，因其疫苗已被列入紧急使用清单</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155244596","media":"Tiger Newspress","summary":"Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emerg","content":"<p>Novavax continued to jump nearly&nbsp;5% in morning trading as its vaccine had been included on the&nbsp;emergency use list.<img src=\"https://static.tigerbbs.com/6e0b5588f7377a98c70179cdc8612b3f\" tg-width=\"765\" tg-height=\"561\" width=\"100%\" height=\"auto\">The World Health Organization has included&nbsp;its&nbsp;vaccine NVX-CoV2373 on the emergency use list,and its&nbsp;original drug called nuvaxovidtm is currently undergoing evaluation by the European Medicines Agency.</p><p><blockquote>Novavax早盘继续上涨近5%，因其疫苗已被列入紧急使用清单。世界卫生组织已将其疫苗NVX-CoV2373列入紧急使用清单，其名为nuvaxovidtm的原研药物目前正在接受欧洲药品管理局的评估。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list<blockquote>Novavax早盘继续上涨近5%，因其疫苗已被列入紧急使用清单</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNovavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list<blockquote>Novavax早盘继续上涨近5%，因其疫苗已被列入紧急使用清单</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-17 22:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Novavax continued to jump nearly&nbsp;5% in morning trading as its vaccine had been included on the&nbsp;emergency use list.<img src=\"https://static.tigerbbs.com/6e0b5588f7377a98c70179cdc8612b3f\" tg-width=\"765\" tg-height=\"561\" width=\"100%\" height=\"auto\">The World Health Organization has included&nbsp;its&nbsp;vaccine NVX-CoV2373 on the emergency use list,and its&nbsp;original drug called nuvaxovidtm is currently undergoing evaluation by the European Medicines Agency.</p><p><blockquote>Novavax早盘继续上涨近5%，因其疫苗已被列入紧急使用清单。世界卫生组织已将其疫苗NVX-CoV2373列入紧急使用清单，其名为nuvaxovidtm的原研药物目前正在接受欧洲药品管理局的评估。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155244596","content_text":"Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list.The World Health Organization has included its vaccine NVX-CoV2373 on the emergency use list,and its original drug called nuvaxovidtm is currently undergoing evaluation by the European Medicines Agency.","news_type":1,"symbols_score_info":{"NVAX":0.9}},"isVote":1,"tweetType":1,"viewCount":892,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699004630,"gmtCreate":1639717456978,"gmtModify":1639717553323,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699004630","repostId":"1144273047","repostType":4,"repost":{"id":"1144273047","kind":"news","pubTimestamp":1639712173,"share":"https://www.laohu8.com/m/news/1144273047?lang=zh_CN&edition=full","pubTime":"2021-12-17 11:36","market":"us","language":"en","title":"Former McDonald’s C.E.O. Repays Company $105 Million<blockquote>麦当劳前CEO偿还公司1.05亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144273047","media":"The New York Times","summary":"The settlement with Steve Easterbrook, who was ousted in 2019 for an inappropriate relationship, is ","content":"<p>The settlement with Steve Easterbrook, who was ousted in 2019 for an inappropriate relationship, is one of the largest ever clawbacks of executive compensation.</p><p><blockquote>与史蒂夫·伊斯特布鲁克(Steve Easterbrook)达成的和解是有史以来最大的高管薪酬追回之一。史蒂夫·伊斯特布鲁克(Steve Easterbrook)于2019年因不正当关系被赶下台。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/850a4bcfa411d4e4884c31fe03bdb585\" tg-width=\"1024\" tg-height=\"683\" width=\"100%\" height=\"auto\"><span>The agreement with Steve Easterbrook will end a contentious legal battle.Credit...Richard Drew/Associated Press</span></p><p><blockquote><p class=\"t-img-caption\"><span>与史蒂夫·伊斯特布鲁克的协议将结束一场有争议的法律战。图片来源...理查德·德鲁/美联社</span></p></blockquote></p><p> The former McDonald’s chief executive&nbsp;Steve Easterbrook, who was ousted by the company in 2019 for having an inappropriate relationship with a subordinate, has returned $105 million in cash and stock to the company in one of the largest clawbacks in the history of corporate America.</p><p><blockquote>麦当劳前首席执行官史蒂夫·伊斯特布鲁克(Steve Easterbrook)因与下属存在不正当关系而于2019年被公司罢免，他已向公司返还了1.05亿美元的现金和股票，这是美国企业史上最大的追回之一。</blockquote></p><p> Mr. Easterbrook has been engaged in a&nbsp;contentious battle with McDonald’s&nbsp;for the past year, after the company sued him for lying to investigators at the time of his dismissal. As part of the deal announced on Thursday, McDonald’s agreed to drop its lawsuit against Mr. Easterbrook.</p><p><blockquote>过去一年，伊斯特布鲁克一直在与麦当劳进行一场有争议的斗争，此前该公司起诉他在解雇他时向调查人员撒谎。作为周四宣布的交易的一部分，麦当劳同意放弃对伊斯特布鲁克的诉讼。</blockquote></p><p> In a message to employees, Enrique Hernandez Jr., the McDonald’s chairman, said that the company wanted to hold Mr. Easterbrook “accountable for his lies and misconduct, including the way in which he exploited his position as C.E.O.,” and that this settlement achieved that goal.</p><p><blockquote>麦当劳董事长小恩里克·埃尔南德斯（Enrique Hernandez Jr.）在给员工的一封信中表示，公司希望让伊斯特布鲁克“为他的谎言和不当行为负责，包括他利用首席执行官职位的方式”，这一和解协议实现了这一目标。</blockquote></p><p> Mr. Easterbrook was fired in 2019 after he engaged in a consensual relationship with an employee in violation of company policy, eventually setting off an unusually acrimonious fight between a wealthy executive and one of the country’s most prominent companies.</p><p><blockquote>伊斯特布鲁克先生于2019年被解雇，此前他违反公司政策与一名员工建立了两厢情愿的关系，最终引发了一位富有的高管与美国最著名的公司之一之间异常激烈的斗争。</blockquote></p><p> At the time of his dismissal, the McDonald’s board determined that Mr. Easterbrook had “demonstrated poor judgment,” but decided not to fire him “for cause” — that is, for being dishonest or committing a criminal act. That decision, the board hoped, would avoid a lengthy legal dispute. It also allowed Mr. Easterbrook to walk away with a compensation package worth more than $40 million. .</p><p><blockquote>在解雇伊斯特布鲁克时，麦当劳董事会认定伊斯特布鲁克先生“表现出糟糕的判断力”，但决定不“有理由”解雇他——即不诚实或犯有犯罪行为。董事会希望这一决定能够避免一场漫长的法律纠纷。它还允许伊斯特布鲁克先生带着价值超过4000万美元的薪酬离开。.</blockquote></p><p> But according to the company’s lawsuit against Mr. Easterbrook, his contract contained a provision that would let McDonald’s recoup severance payments if it later determined the employee should have been fired for cause.</p><p><blockquote>但根据该公司对伊斯特布鲁克的诉讼，他的合同中包含一项条款，如果麦当劳后来确定该员工应该因故被解雇，该条款将允许麦当劳收回遣散费。</blockquote></p><p> That clause became relevant in 2020, when a McDonald’s employee said that Mr. Easterbrook had a sexual relationship with another subordinate while he was chief executive. The new accusation spurred another investigation of Mr. Easterbrook’s records, and prompted the company to sue him last year, accusing its former chief of lying, concealing evidence and fraud.</p><p><blockquote>该条款在2020年变得相关，当时一名麦当劳员工表示，伊斯特布鲁克先生在担任首席执行官期间与另一名下属发生了性关系。新的指控引发了对伊斯特布鲁克记录的另一项调查，并促使该公司去年起诉他，指控其前首席执行官撒谎、隐瞒证据和欺诈。</blockquote></p><p> During its investigation into the second accusation, McDonald’s said it found “dozens of nude, partially nude or sexually explicit photographs and videos of various women, including photographs of these company employees, that Easterbrook had sent as attachments to messages from his company email account to his personal email account.”</p><p><blockquote>在对第二项指控的调查中，麦当劳表示，它发现了“数十张不同女性的裸体、部分裸体或露骨的性照片和视频，包括这些公司员工的照片，伊斯特布鲁克将这些照片和视频作为附件从其公司电子邮件帐户发送到他的个人电子邮件帐户。”</blockquote></p><p> The company also revealed that Mr. Easterbrook had awarded hundreds of thousands of dollars’ worth of stock to one of the women with whom he was having a sexual relationship. In its lawsuit, McDonald’s said that its former chief had lied to investigators in the initial inquiry, and that if he had “been candid with McDonald’s investigators and not concealed evidence, McDonald’s would have known that it had legal cause to terminate him in 2019.”</p><p><blockquote>该公司还透露，伊斯特布鲁克先生将价值数十万美元的股票授予了与他发生性关系的一名女性。麦当劳在诉讼中表示，其前首席执行官在最初的调查中向调查人员撒谎，如果他“对麦当劳调查人员坦诚，没有隐瞒证据，麦当劳就会知道有合法理由在2019年解雇他。”</blockquote></p><p> Mr. Easterbrook initially decided to fight the lawsuit, and his lawyers filed a motion to dismiss, calling it “meritless and misleading.”</p><p><blockquote>伊斯特布鲁克先生最初决定打这场官司，他的律师提出了驳回诉讼的动议，称其“毫无根据且具有误导性”。</blockquote></p><p> During his time as chief executive, Mr. Easterbrook sold more than $64 million in stock; when he departed in 2019, the value of the stock and options he had been awarded was worth $41 million. But as McDonald’s stock has soared to $264 a share from $193 in 2019, the value of those stock and options has grown to $89 million, according to the executive compensation consulting firm Equilar. It is not clear whether Mr. Easterbrook sold any of his shares after he left the company.</p><p><blockquote>在担任首席执行官期间，伊斯特布鲁克先生出售了超过6400万美元的股票；当他在2019年离职时，他获得的股票和期权价值为4100万美元。但根据高管薪酬咨询公司Equilar的数据，随着麦当劳股价从2019年的193美元飙升至每股264美元，这些股票和期权的价值已增长至8900万美元。目前尚不清楚伊斯特布鲁克离开公司后是否出售了任何股份。</blockquote></p><p> Nonetheless, with his agreement to return the huge sum of cash and stock to the company, Mr. Easterbrook has effectively conceded what was shaping up to be a long and costly legal battle. Mr. Easterbrook apologized in a statement released by the company.</p><p><blockquote>尽管如此，伊斯特布鲁克先生同意将巨额现金和股票返还给公司，实际上是承认了这场漫长而昂贵的法律战。伊斯特布鲁克先生在公司发布的一份声明中道歉。</blockquote></p><p> “During my tenure as C.E.O., I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of the company,” he said. “I apologize to my former co-workers, the board and the company’s franchisees and suppliers for doing so.”</p><p><blockquote>“在我担任首席执行官期间，我有时未能坚持麦当劳的价值观，也未能履行作为公司领导者的某些职责，”他说。“我为此向我的前同事、董事会以及公司的特许经营商和供应商道歉。”</blockquote></p><p> Under Mr. Easterbrook’s successor,Chris Kempczinski, McDonald’s has emerged as a clear winner during the pandemic the past two years. Thanks to a combination of increased drive-through business; a robust push of its mobile app and loyalty programs; and&nbsp;meal collaborations with various celebrities and groups, including the K-pop sensation BTS, revenues at McDonald’s are on track to top $23 billion this year, the highest level in five years.</p><p><blockquote>在伊斯特布鲁克的继任者克里斯·肯普钦斯基(Chris Kempczinski)的领导下，麦当劳在过去两年的疫情期间明显成为赢家。得益于免下车业务的增加；大力推广其移动应用程序和忠诚度计划；以及与包括韩国流行歌手BTS在内的各种名人和团体的餐饮合作，麦当劳今年的收入有望突破230亿美元，为五年来的最高水平。</blockquote></p><p></p><p> Earlier this year, Mr. Kempczinski defended the board’s handling of Mr. Easterbrook’s firing. “I thought they handled it as best as they could,”he said.</p><p><blockquote>今年早些时候，肯普钦斯基为董事会对伊斯特布鲁克被解雇的处理方式进行了辩护。“我认为他们已经尽力处理了，”他说。</blockquote></p><p> Still, despite the company’s financial gains, a new&nbsp;training&nbsp;program for its restaurants and&nbsp;efforts&nbsp;to improve diversity and inclusion, some critics say not enough has been done to fix other problems that run deep in McDonald’s culture. The fast-food giant has faced myriad lawsuits and claims in recent years, some involving allegations of&nbsp;sexual harassment&nbsp;and others around&nbsp;racial&nbsp;discrimination.</p><p><blockquote>尽管如此，尽管该公司取得了财务收益，为其餐厅制定了新的培训计划，并努力提高多样性和包容性，但一些批评者表示，在解决麦当劳文化中根深蒂固的其他问题方面做得还不够。这家快餐巨头近年来面临无数诉讼和索赔，其中一些涉及性骚扰指控，另一些涉及种族歧视指控。</blockquote></p><p> “McDonald’s should use the money it got back from the former C.E.O. to develop a real plan to stop the rampant sexual harassment occurring from the drive-throughs to the C-suite,” the advocacy group Fight for $15 said in a statement.</p><p><blockquote>倡导组织Fight for 15在一份声明中表示：“麦当劳应该利用从前首席执行官那里收回的钱制定一项真正的计划，以阻止从得来速餐厅到高管层的猖獗性骚扰。”</blockquote></p><p> In November, the release oftextmessages between Mr. Kempczinski and Chicago Mayor Lori Lightfoot — in which he seemed to blame the deaths of two Black and Latino children on their parents — prompted calls for his resignation. An investment group representing union pension funds issued a shareholder proposal asking McDonald’s to conduct a third-party audit of its policies and practices around the civil rights of employees and consumers. Mr. Kempczinski has repeatedly&nbsp;apologized&nbsp;for the comments.</p><p><blockquote>11月，肯普钦斯基与芝加哥市长洛里·莱特富特（Lori Lightfoot）之间的短信被公开——他似乎将两名黑人和拉丁裔儿童的死亡归咎于他们的父母——促使评级辞职。一个代表工会养老基金的投资集团发布了一份股东提案，要求麦当劳对其围绕员工和消费者公民权利的政策和做法进行第三方审计。肯普钦斯基多次为这些言论道歉。</blockquote></p><p> Dieter Waizenegger, the executive director of the SOC Investment Group, said that as a shareholder, he was pleased the compensation had been returned, but still felt the board failed to do its job.</p><p><blockquote>SOC投资集团执行董事迪特·怀辛格(Dieter Waizenegger)表示，作为股东，他很高兴薪酬已退还，但仍认为董事会未能做好自己的工作。</blockquote></p><p> “The board could have saved itself a lot of time and probably a lot in legal fees if they had conducted a thorough initial investigation of Easterbrook’s behavior in the first place,” said Mr. Waizenegger. “This settlement comes after two years of wrangling and airing of dirty laundry in the media.”</p><p><blockquote>“如果董事会一开始就对伊斯特布鲁克的行为进行彻底的初步调查，他们本可以节省大量时间，甚至可能节省大量法律费用，”怀辛格先生说。“这一和解是在两年的争吵和媒体曝光之后达成的。”</blockquote></p><p> McDonald’s also still faces numerous shareholder lawsuits over the firing of the executive.</p><p><blockquote>麦当劳还因解雇这位高管而面临众多股东诉讼。</blockquote></p><p> On Thursday, the company said that “Mr. Easterbrook would return equity awards and cash, with&nbsp;a&nbsp;current&nbsp;value of&nbsp;more than&nbsp;$105 million, which&nbsp;he&nbsp;would have forfeited had he been truthful at the time of his termination and, as a result, been terminated for cause.” It did not specify the proportion of cash and stock. McDonald’s shares are up more than 25 percent this year.</p><p><blockquote>周四，该公司表示，“伊斯特布鲁克先生将返还目前价值超过1.05亿美元的股权奖励和现金，如果他在解雇时说实话，他将被没收这些奖励和现金，并因此被解雇。”原因。”它没有具体说明现金和股票的比例。麦当劳股价今年上涨了25%以上。</blockquote></p><p> In his more than four years on the job, Mr. Easterbrook was credited with turning around McDonald’s and reviving its languishing stock price. As chief executive, he reduced costs, introduced&nbsp;touch-screen ordering&nbsp;and established all-day breakfast. Shares in the company roughly doubled.</p><p><blockquote>在四年多的工作中，伊斯特布鲁克先生被认为扭转了麦当劳的局面并重振了其萎靡不振的股价。作为首席执行官，他降低了成本，引入了触摸屏点餐，并建立了全天早餐。该公司的股价大约翻了一番。</blockquote></p><p> The clawback of his compensation, while large, is not the biggest in corporate history, although many earlier situations involved allegations of financial or accounting fraud. In 2007, the Securities and Exchange Commissionrecoveredmore than $400 million in profits made by William McGuire, the former chief executive of United Health, to settle claims related to a scheme involving the backdating of options. Later, Tyco International sued a former chief executive, Dennis Kozlowski, who had been convicted of looting the company, in an effort&nbsp;to collect&nbsp;$500 million he had received in compensation and benefits.</p><p><blockquote>他的薪酬虽然很大，但并不是公司历史上最大的一次，尽管许多早期的情况都涉及财务或会计欺诈的指控。2007年，美国证券交易委员会追回了联合健康公司前首席执行官威廉·麦奎尔(William McGuire)赚取的超过4亿美元利润，以解决与涉及期权回溯计划相关的索赔。后来，泰科国际起诉了前首席执行官丹尼斯·科兹洛夫斯基（Dennis Kozlowski），他被判抢劫公司，试图收回他获得的5亿美元赔偿和福利。</blockquote></p><p> “While Steve’s misconduct&nbsp;need&nbsp;not be forgiven by any member of this community, he has apologized to his former co-workers, franchisees, suppliers and the board for the profound errors he made,” said Mr. Hernandez, the McDonald’s chairman. “Today’s resolution avoids a protracted court process and moves us beyond a chapter that belongs in our past.”</p><p><blockquote>麦当劳董事长埃尔南德斯表示：“虽然史蒂夫的不当行为不需要得到这个社区任何成员的原谅，但他已经为自己犯下的严重错误向他的前同事、特许经营商、供应商和董事会道歉。”“今天的决议避免了旷日持久的法庭程序，并使我们超越了属于我们过去的一章。”</blockquote></p><p></p>","source":"lsy1608616134662","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Former McDonald’s C.E.O. Repays Company $105 Million<blockquote>麦当劳前CEO偿还公司1.05亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFormer McDonald’s C.E.O. Repays Company $105 Million<blockquote>麦当劳前CEO偿还公司1.05亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The New York Times</strong><span class=\"h-time small\">2021-12-17 11:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The settlement with Steve Easterbrook, who was ousted in 2019 for an inappropriate relationship, is one of the largest ever clawbacks of executive compensation.</p><p><blockquote>与史蒂夫·伊斯特布鲁克(Steve Easterbrook)达成的和解是有史以来最大的高管薪酬追回之一。史蒂夫·伊斯特布鲁克(Steve Easterbrook)于2019年因不正当关系被赶下台。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/850a4bcfa411d4e4884c31fe03bdb585\" tg-width=\"1024\" tg-height=\"683\" width=\"100%\" height=\"auto\"><span>The agreement with Steve Easterbrook will end a contentious legal battle.Credit...Richard Drew/Associated Press</span></p><p><blockquote><p class=\"t-img-caption\"><span>与史蒂夫·伊斯特布鲁克的协议将结束一场有争议的法律战。图片来源...理查德·德鲁/美联社</span></p></blockquote></p><p> The former McDonald’s chief executive&nbsp;Steve Easterbrook, who was ousted by the company in 2019 for having an inappropriate relationship with a subordinate, has returned $105 million in cash and stock to the company in one of the largest clawbacks in the history of corporate America.</p><p><blockquote>麦当劳前首席执行官史蒂夫·伊斯特布鲁克(Steve Easterbrook)因与下属存在不正当关系而于2019年被公司罢免，他已向公司返还了1.05亿美元的现金和股票，这是美国企业史上最大的追回之一。</blockquote></p><p> Mr. Easterbrook has been engaged in a&nbsp;contentious battle with McDonald’s&nbsp;for the past year, after the company sued him for lying to investigators at the time of his dismissal. As part of the deal announced on Thursday, McDonald’s agreed to drop its lawsuit against Mr. Easterbrook.</p><p><blockquote>过去一年，伊斯特布鲁克一直在与麦当劳进行一场有争议的斗争，此前该公司起诉他在解雇他时向调查人员撒谎。作为周四宣布的交易的一部分，麦当劳同意放弃对伊斯特布鲁克的诉讼。</blockquote></p><p> In a message to employees, Enrique Hernandez Jr., the McDonald’s chairman, said that the company wanted to hold Mr. Easterbrook “accountable for his lies and misconduct, including the way in which he exploited his position as C.E.O.,” and that this settlement achieved that goal.</p><p><blockquote>麦当劳董事长小恩里克·埃尔南德斯（Enrique Hernandez Jr.）在给员工的一封信中表示，公司希望让伊斯特布鲁克“为他的谎言和不当行为负责，包括他利用首席执行官职位的方式”，这一和解协议实现了这一目标。</blockquote></p><p> Mr. Easterbrook was fired in 2019 after he engaged in a consensual relationship with an employee in violation of company policy, eventually setting off an unusually acrimonious fight between a wealthy executive and one of the country’s most prominent companies.</p><p><blockquote>伊斯特布鲁克先生于2019年被解雇，此前他违反公司政策与一名员工建立了两厢情愿的关系，最终引发了一位富有的高管与美国最著名的公司之一之间异常激烈的斗争。</blockquote></p><p> At the time of his dismissal, the McDonald’s board determined that Mr. Easterbrook had “demonstrated poor judgment,” but decided not to fire him “for cause” — that is, for being dishonest or committing a criminal act. That decision, the board hoped, would avoid a lengthy legal dispute. It also allowed Mr. Easterbrook to walk away with a compensation package worth more than $40 million. .</p><p><blockquote>在解雇伊斯特布鲁克时，麦当劳董事会认定伊斯特布鲁克先生“表现出糟糕的判断力”，但决定不“有理由”解雇他——即不诚实或犯有犯罪行为。董事会希望这一决定能够避免一场漫长的法律纠纷。它还允许伊斯特布鲁克先生带着价值超过4000万美元的薪酬离开。.</blockquote></p><p> But according to the company’s lawsuit against Mr. Easterbrook, his contract contained a provision that would let McDonald’s recoup severance payments if it later determined the employee should have been fired for cause.</p><p><blockquote>但根据该公司对伊斯特布鲁克的诉讼，他的合同中包含一项条款，如果麦当劳后来确定该员工应该因故被解雇，该条款将允许麦当劳收回遣散费。</blockquote></p><p> That clause became relevant in 2020, when a McDonald’s employee said that Mr. Easterbrook had a sexual relationship with another subordinate while he was chief executive. The new accusation spurred another investigation of Mr. Easterbrook’s records, and prompted the company to sue him last year, accusing its former chief of lying, concealing evidence and fraud.</p><p><blockquote>该条款在2020年变得相关，当时一名麦当劳员工表示，伊斯特布鲁克先生在担任首席执行官期间与另一名下属发生了性关系。新的指控引发了对伊斯特布鲁克记录的另一项调查，并促使该公司去年起诉他，指控其前首席执行官撒谎、隐瞒证据和欺诈。</blockquote></p><p> During its investigation into the second accusation, McDonald’s said it found “dozens of nude, partially nude or sexually explicit photographs and videos of various women, including photographs of these company employees, that Easterbrook had sent as attachments to messages from his company email account to his personal email account.”</p><p><blockquote>在对第二项指控的调查中，麦当劳表示，它发现了“数十张不同女性的裸体、部分裸体或露骨的性照片和视频，包括这些公司员工的照片，伊斯特布鲁克将这些照片和视频作为附件从其公司电子邮件帐户发送到他的个人电子邮件帐户。”</blockquote></p><p> The company also revealed that Mr. Easterbrook had awarded hundreds of thousands of dollars’ worth of stock to one of the women with whom he was having a sexual relationship. In its lawsuit, McDonald’s said that its former chief had lied to investigators in the initial inquiry, and that if he had “been candid with McDonald’s investigators and not concealed evidence, McDonald’s would have known that it had legal cause to terminate him in 2019.”</p><p><blockquote>该公司还透露，伊斯特布鲁克先生将价值数十万美元的股票授予了与他发生性关系的一名女性。麦当劳在诉讼中表示，其前首席执行官在最初的调查中向调查人员撒谎，如果他“对麦当劳调查人员坦诚，没有隐瞒证据，麦当劳就会知道有合法理由在2019年解雇他。”</blockquote></p><p> Mr. Easterbrook initially decided to fight the lawsuit, and his lawyers filed a motion to dismiss, calling it “meritless and misleading.”</p><p><blockquote>伊斯特布鲁克先生最初决定打这场官司，他的律师提出了驳回诉讼的动议，称其“毫无根据且具有误导性”。</blockquote></p><p> During his time as chief executive, Mr. Easterbrook sold more than $64 million in stock; when he departed in 2019, the value of the stock and options he had been awarded was worth $41 million. But as McDonald’s stock has soared to $264 a share from $193 in 2019, the value of those stock and options has grown to $89 million, according to the executive compensation consulting firm Equilar. It is not clear whether Mr. Easterbrook sold any of his shares after he left the company.</p><p><blockquote>在担任首席执行官期间，伊斯特布鲁克先生出售了超过6400万美元的股票；当他在2019年离职时，他获得的股票和期权价值为4100万美元。但根据高管薪酬咨询公司Equilar的数据，随着麦当劳股价从2019年的193美元飙升至每股264美元，这些股票和期权的价值已增长至8900万美元。目前尚不清楚伊斯特布鲁克离开公司后是否出售了任何股份。</blockquote></p><p> Nonetheless, with his agreement to return the huge sum of cash and stock to the company, Mr. Easterbrook has effectively conceded what was shaping up to be a long and costly legal battle. Mr. Easterbrook apologized in a statement released by the company.</p><p><blockquote>尽管如此，伊斯特布鲁克先生同意将巨额现金和股票返还给公司，实际上是承认了这场漫长而昂贵的法律战。伊斯特布鲁克先生在公司发布的一份声明中道歉。</blockquote></p><p> “During my tenure as C.E.O., I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of the company,” he said. “I apologize to my former co-workers, the board and the company’s franchisees and suppliers for doing so.”</p><p><blockquote>“在我担任首席执行官期间，我有时未能坚持麦当劳的价值观，也未能履行作为公司领导者的某些职责，”他说。“我为此向我的前同事、董事会以及公司的特许经营商和供应商道歉。”</blockquote></p><p> Under Mr. Easterbrook’s successor,Chris Kempczinski, McDonald’s has emerged as a clear winner during the pandemic the past two years. Thanks to a combination of increased drive-through business; a robust push of its mobile app and loyalty programs; and&nbsp;meal collaborations with various celebrities and groups, including the K-pop sensation BTS, revenues at McDonald’s are on track to top $23 billion this year, the highest level in five years.</p><p><blockquote>在伊斯特布鲁克的继任者克里斯·肯普钦斯基(Chris Kempczinski)的领导下，麦当劳在过去两年的疫情期间明显成为赢家。得益于免下车业务的增加；大力推广其移动应用程序和忠诚度计划；以及与包括韩国流行歌手BTS在内的各种名人和团体的餐饮合作，麦当劳今年的收入有望突破230亿美元，为五年来的最高水平。</blockquote></p><p></p><p> Earlier this year, Mr. Kempczinski defended the board’s handling of Mr. Easterbrook’s firing. “I thought they handled it as best as they could,”he said.</p><p><blockquote>今年早些时候，肯普钦斯基为董事会对伊斯特布鲁克被解雇的处理方式进行了辩护。“我认为他们已经尽力处理了，”他说。</blockquote></p><p> Still, despite the company’s financial gains, a new&nbsp;training&nbsp;program for its restaurants and&nbsp;efforts&nbsp;to improve diversity and inclusion, some critics say not enough has been done to fix other problems that run deep in McDonald’s culture. The fast-food giant has faced myriad lawsuits and claims in recent years, some involving allegations of&nbsp;sexual harassment&nbsp;and others around&nbsp;racial&nbsp;discrimination.</p><p><blockquote>尽管如此，尽管该公司取得了财务收益，为其餐厅制定了新的培训计划，并努力提高多样性和包容性，但一些批评者表示，在解决麦当劳文化中根深蒂固的其他问题方面做得还不够。这家快餐巨头近年来面临无数诉讼和索赔，其中一些涉及性骚扰指控，另一些涉及种族歧视指控。</blockquote></p><p> “McDonald’s should use the money it got back from the former C.E.O. to develop a real plan to stop the rampant sexual harassment occurring from the drive-throughs to the C-suite,” the advocacy group Fight for $15 said in a statement.</p><p><blockquote>倡导组织Fight for 15在一份声明中表示：“麦当劳应该利用从前首席执行官那里收回的钱制定一项真正的计划，以阻止从得来速餐厅到高管层的猖獗性骚扰。”</blockquote></p><p> In November, the release oftextmessages between Mr. Kempczinski and Chicago Mayor Lori Lightfoot — in which he seemed to blame the deaths of two Black and Latino children on their parents — prompted calls for his resignation. An investment group representing union pension funds issued a shareholder proposal asking McDonald’s to conduct a third-party audit of its policies and practices around the civil rights of employees and consumers. Mr. Kempczinski has repeatedly&nbsp;apologized&nbsp;for the comments.</p><p><blockquote>11月，肯普钦斯基与芝加哥市长洛里·莱特富特（Lori Lightfoot）之间的短信被公开——他似乎将两名黑人和拉丁裔儿童的死亡归咎于他们的父母——促使评级辞职。一个代表工会养老基金的投资集团发布了一份股东提案，要求麦当劳对其围绕员工和消费者公民权利的政策和做法进行第三方审计。肯普钦斯基多次为这些言论道歉。</blockquote></p><p> Dieter Waizenegger, the executive director of the SOC Investment Group, said that as a shareholder, he was pleased the compensation had been returned, but still felt the board failed to do its job.</p><p><blockquote>SOC投资集团执行董事迪特·怀辛格(Dieter Waizenegger)表示，作为股东，他很高兴薪酬已退还，但仍认为董事会未能做好自己的工作。</blockquote></p><p> “The board could have saved itself a lot of time and probably a lot in legal fees if they had conducted a thorough initial investigation of Easterbrook’s behavior in the first place,” said Mr. Waizenegger. “This settlement comes after two years of wrangling and airing of dirty laundry in the media.”</p><p><blockquote>“如果董事会一开始就对伊斯特布鲁克的行为进行彻底的初步调查，他们本可以节省大量时间，甚至可能节省大量法律费用，”怀辛格先生说。“这一和解是在两年的争吵和媒体曝光之后达成的。”</blockquote></p><p> McDonald’s also still faces numerous shareholder lawsuits over the firing of the executive.</p><p><blockquote>麦当劳还因解雇这位高管而面临众多股东诉讼。</blockquote></p><p> On Thursday, the company said that “Mr. Easterbrook would return equity awards and cash, with&nbsp;a&nbsp;current&nbsp;value of&nbsp;more than&nbsp;$105 million, which&nbsp;he&nbsp;would have forfeited had he been truthful at the time of his termination and, as a result, been terminated for cause.” It did not specify the proportion of cash and stock. McDonald’s shares are up more than 25 percent this year.</p><p><blockquote>周四，该公司表示，“伊斯特布鲁克先生将返还目前价值超过1.05亿美元的股权奖励和现金，如果他在解雇时说实话，他将被没收这些奖励和现金，并因此被解雇。”原因。”它没有具体说明现金和股票的比例。麦当劳股价今年上涨了25%以上。</blockquote></p><p> In his more than four years on the job, Mr. Easterbrook was credited with turning around McDonald’s and reviving its languishing stock price. As chief executive, he reduced costs, introduced&nbsp;touch-screen ordering&nbsp;and established all-day breakfast. Shares in the company roughly doubled.</p><p><blockquote>在四年多的工作中，伊斯特布鲁克先生被认为扭转了麦当劳的局面并重振了其萎靡不振的股价。作为首席执行官，他降低了成本，引入了触摸屏点餐，并建立了全天早餐。该公司的股价大约翻了一番。</blockquote></p><p> The clawback of his compensation, while large, is not the biggest in corporate history, although many earlier situations involved allegations of financial or accounting fraud. In 2007, the Securities and Exchange Commissionrecoveredmore than $400 million in profits made by William McGuire, the former chief executive of United Health, to settle claims related to a scheme involving the backdating of options. Later, Tyco International sued a former chief executive, Dennis Kozlowski, who had been convicted of looting the company, in an effort&nbsp;to collect&nbsp;$500 million he had received in compensation and benefits.</p><p><blockquote>他的薪酬虽然很大，但并不是公司历史上最大的一次，尽管许多早期的情况都涉及财务或会计欺诈的指控。2007年，美国证券交易委员会追回了联合健康公司前首席执行官威廉·麦奎尔(William McGuire)赚取的超过4亿美元利润，以解决与涉及期权回溯计划相关的索赔。后来，泰科国际起诉了前首席执行官丹尼斯·科兹洛夫斯基（Dennis Kozlowski），他被判抢劫公司，试图收回他获得的5亿美元赔偿和福利。</blockquote></p><p> “While Steve’s misconduct&nbsp;need&nbsp;not be forgiven by any member of this community, he has apologized to his former co-workers, franchisees, suppliers and the board for the profound errors he made,” said Mr. Hernandez, the McDonald’s chairman. “Today’s resolution avoids a protracted court process and moves us beyond a chapter that belongs in our past.”</p><p><blockquote>麦当劳董事长埃尔南德斯表示：“虽然史蒂夫的不当行为不需要得到这个社区任何成员的原谅，但他已经为自己犯下的严重错误向他的前同事、特许经营商、供应商和董事会道歉。”“今天的决议避免了旷日持久的法庭程序，并使我们超越了属于我们过去的一章。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nytimes.com/2021/12/16/business/mcdonalds-steve-easterbrook.html?searchResultPosition=1\">The New York Times</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MCD":"麦当劳"},"source_url":"https://www.nytimes.com/2021/12/16/business/mcdonalds-steve-easterbrook.html?searchResultPosition=1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144273047","content_text":"The settlement with Steve Easterbrook, who was ousted in 2019 for an inappropriate relationship, is one of the largest ever clawbacks of executive compensation.\nThe agreement with Steve Easterbrook will end a contentious legal battle.Credit...Richard Drew/Associated Press\nThe former McDonald’s chief executive Steve Easterbrook, who was ousted by the company in 2019 for having an inappropriate relationship with a subordinate, has returned $105 million in cash and stock to the company in one of the largest clawbacks in the history of corporate America.\nMr. Easterbrook has been engaged in a contentious battle with McDonald’s for the past year, after the company sued him for lying to investigators at the time of his dismissal. As part of the deal announced on Thursday, McDonald’s agreed to drop its lawsuit against Mr. Easterbrook.\nIn a message to employees, Enrique Hernandez Jr., the McDonald’s chairman, said that the company wanted to hold Mr. Easterbrook “accountable for his lies and misconduct, including the way in which he exploited his position as C.E.O.,” and that this settlement achieved that goal.\nMr. Easterbrook was fired in 2019 after he engaged in a consensual relationship with an employee in violation of company policy, eventually setting off an unusually acrimonious fight between a wealthy executive and one of the country’s most prominent companies.\nAt the time of his dismissal, the McDonald’s board determined that Mr. Easterbrook had “demonstrated poor judgment,” but decided not to fire him “for cause” — that is, for being dishonest or committing a criminal act. That decision, the board hoped, would avoid a lengthy legal dispute. It also allowed Mr. Easterbrook to walk away with a compensation package worth more than $40 million. .\nBut according to the company’s lawsuit against Mr. Easterbrook, his contract contained a provision that would let McDonald’s recoup severance payments if it later determined the employee should have been fired for cause.\nThat clause became relevant in 2020, when a McDonald’s employee said that Mr. Easterbrook had a sexual relationship with another subordinate while he was chief executive. The new accusation spurred another investigation of Mr. Easterbrook’s records, and prompted the company to sue him last year, accusing its former chief of lying, concealing evidence and fraud.\nDuring its investigation into the second accusation, McDonald’s said it found “dozens of nude, partially nude or sexually explicit photographs and videos of various women, including photographs of these company employees, that Easterbrook had sent as attachments to messages from his company email account to his personal email account.”\nThe company also revealed that Mr. Easterbrook had awarded hundreds of thousands of dollars’ worth of stock to one of the women with whom he was having a sexual relationship. In its lawsuit, McDonald’s said that its former chief had lied to investigators in the initial inquiry, and that if he had “been candid with McDonald’s investigators and not concealed evidence, McDonald’s would have known that it had legal cause to terminate him in 2019.”\nMr. Easterbrook initially decided to fight the lawsuit, and his lawyers filed a motion to dismiss, calling it “meritless and misleading.”\nDuring his time as chief executive, Mr. Easterbrook sold more than $64 million in stock; when he departed in 2019, the value of the stock and options he had been awarded was worth $41 million. But as McDonald’s stock has soared to $264 a share from $193 in 2019, the value of those stock and options has grown to $89 million, according to the executive compensation consulting firm Equilar. It is not clear whether Mr. Easterbrook sold any of his shares after he left the company.\nNonetheless, with his agreement to return the huge sum of cash and stock to the company, Mr. Easterbrook has effectively conceded what was shaping up to be a long and costly legal battle. Mr. Easterbrook apologized in a statement released by the company.\n“During my tenure as C.E.O., I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of the company,” he said. “I apologize to my former co-workers, the board and the company’s franchisees and suppliers for doing so.”\nUnder Mr. Easterbrook’s successor,Chris Kempczinski, McDonald’s has emerged as a clear winner during the pandemic the past two years. Thanks to a combination of increased drive-through business; a robust push of its mobile app and loyalty programs; and meal collaborations with various celebrities and groups, including the K-pop sensation BTS, revenues at McDonald’s are on track to top $23 billion this year, the highest level in five years.\nEarlier this year, Mr. Kempczinski defended the board’s handling of Mr. Easterbrook’s firing. “I thought they handled it as best as they could,”he said.\nStill, despite the company’s financial gains, a new training program for its restaurants and efforts to improve diversity and inclusion, some critics say not enough has been done to fix other problems that run deep in McDonald’s culture. The fast-food giant has faced myriad lawsuits and claims in recent years, some involving allegations of sexual harassment and others around racial discrimination.\n“McDonald’s should use the money it got back from the former C.E.O. to develop a real plan to stop the rampant sexual harassment occurring from the drive-throughs to the C-suite,” the advocacy group Fight for $15 said in a statement.\nIn November, the release oftextmessages between Mr. Kempczinski and Chicago Mayor Lori Lightfoot — in which he seemed to blame the deaths of two Black and Latino children on their parents — prompted calls for his resignation. An investment group representing union pension funds issued a shareholder proposal asking McDonald’s to conduct a third-party audit of its policies and practices around the civil rights of employees and consumers. Mr. Kempczinski has repeatedly apologized for the comments.\nDieter Waizenegger, the executive director of the SOC Investment Group, said that as a shareholder, he was pleased the compensation had been returned, but still felt the board failed to do its job.\n“The board could have saved itself a lot of time and probably a lot in legal fees if they had conducted a thorough initial investigation of Easterbrook’s behavior in the first place,” said Mr. Waizenegger. “This settlement comes after two years of wrangling and airing of dirty laundry in the media.”\nMcDonald’s also still faces numerous shareholder lawsuits over the firing of the executive.\nOn Thursday, the company said that “Mr. Easterbrook would return equity awards and cash, with a current value of more than $105 million, which he would have forfeited had he been truthful at the time of his termination and, as a result, been terminated for cause.” It did not specify the proportion of cash and stock. McDonald’s shares are up more than 25 percent this year.\nIn his more than four years on the job, Mr. Easterbrook was credited with turning around McDonald’s and reviving its languishing stock price. As chief executive, he reduced costs, introduced touch-screen ordering and established all-day breakfast. Shares in the company roughly doubled.\nThe clawback of his compensation, while large, is not the biggest in corporate history, although many earlier situations involved allegations of financial or accounting fraud. In 2007, the Securities and Exchange Commissionrecoveredmore than $400 million in profits made by William McGuire, the former chief executive of United Health, to settle claims related to a scheme involving the backdating of options. Later, Tyco International sued a former chief executive, Dennis Kozlowski, who had been convicted of looting the company, in an effort to collect $500 million he had received in compensation and benefits.\n“While Steve’s misconduct need not be forgiven by any member of this community, he has apologized to his former co-workers, franchisees, suppliers and the board for the profound errors he made,” said Mr. Hernandez, the McDonald’s chairman. “Today’s resolution avoids a protracted court process and moves us beyond a chapter that belongs in our past.”","news_type":1,"symbols_score_info":{"MCD":0.9}},"isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690369558,"gmtCreate":1639636361996,"gmtModify":1639636362257,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/690369558","repostId":"1143095001","repostType":4,"repost":{"id":"1143095001","kind":"news","pubTimestamp":1639635187,"share":"https://www.laohu8.com/m/news/1143095001?lang=zh_CN&edition=full","pubTime":"2021-12-16 14:13","market":"us","language":"en","title":"Fed heads for the exits despite Omicron. Who will follow?<blockquote>尽管有奥密克戎，美联储仍将退出。谁会跟随？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143095001","media":"Reuters","summary":"(Reuters) - The U.S. Federal Reserve didn't beat around the bush on Wednesday when it signaled that ","content":"<p>(Reuters) - The U.S. Federal Reserve didn't beat around the bush on Wednesday when it signaled that raging inflation is its biggest risk and not the potential economic damage from the fast-spreading Omicron variant.</p><p><blockquote>（路透社）-美联储周三没有拐弯抹角，暗示通胀加剧是其最大风险，而不是快速蔓延的奥密克戎变种造成的潜在经济损害。</blockquote></p><p> The Fed doubled the pace at which it will reduce its bond purchases, while new forecasts from policymakers signaled as many as three interest rate increases next year. Chair Jerome Powell then waxed enthusiastically about the strength of the U.S. job market.</p><p><blockquote>美联储将减少债券购买的速度提高了一倍，而政策制定者的新预测表明明年将加息多达三次。主席杰罗姆·鲍威尔随后对美国就业市场的强劲表现充满热情。</blockquote></p><p> \"The economy no longer needs increasing amounts of policy support,\" Powell told a news conference. \"In my view, we are making rapid progress toward maximum employment.\"</p><p><blockquote>鲍威尔在新闻发布会上表示：“经济不再需要越来越多的政策支持。”“在我看来，我们正在朝着最大限度就业的方向取得快速进展。”</blockquote></p><p> Whether any of the Fed's peers are ready to follow its lead, however, will become clear in the next 24 hours with a rapid-fire succession of meetings by the Bank of England, European Central Bank and the Bank of Japan.</p><p><blockquote>然而，随着英国央行、欧洲央行和日本央行连续召开会议，未来24小时内美联储是否准备好效仿美联储的做法将变得明朗。</blockquote></p><p> Of the three, however, only the BoE is likely to take more than a baby step in trimming the monumental support provided to its economy through the pandemic. That could set the stage for a choppy 2022 with a Fed determined to end its asset purchases as fast as possible and kick off interest rates soon after, while others will be more hesitant to shift so decisively in that direction.</p><p><blockquote>然而，在这三个国家中，只有英国央行可能会在削减疫情为其经济提供的巨大支持方面迈出不止一小步。这可能会为动荡的2022年奠定基础，美联储决心尽快结束资产购买，并在不久后启动利率，而其他国家将更加犹豫是否要如此果断地朝这个方向转变。</blockquote></p><p> The BoE could become the first of the major central banks to raise interest rates at Thursday's policy meeting, but the United Kingdom is also where friction between Omicron and way-over-target inflation is playing out most vividly.</p><p><blockquote>英国央行可能成为第一个在周四的政策会议上加息的主要央行，但英国也是奥密克戎与远超目标通胀之间摩擦最明显的地方。</blockquote></p><p> UK daily coronavirus infections are now at their highest since the earliest days of the pandemic, forcing Prime Minister Boris Johnson this week to join with opposition lawmakers in imposing new restrictions.</p><p><blockquote>英国每日冠状病毒感染人数目前处于大流行初期以来的最高水平，迫使首相鲍里斯·约翰逊本周与反对派议员一起实施新的限制。</blockquote></p><p> On the other hand, shocking data on Wednesday showed consumer price inflation at a decade-high rate and bets in financial markets on a December rate hike jumped to 60% from about a third.</p><p><blockquote>另一方面，周三令人震惊的数据显示，消费者价格通胀率达到十年来的最高水平，金融市场对12月加息的押注从约三分之一跃升至60%。</blockquote></p><p> \"There is now the real risk of inflation becoming entrenched – especially considering the signs of second-round effects in terms of rising wages, supported by a strong labour market – but this is balanced against the threat to the economic recovery from the new Omicron variant,\" said Ellie Henderson, an economist at bank Investec.</p><p><blockquote>“现在确实存在通胀根深蒂固的风险——特别是考虑到在强劲的劳动力市场的支持下，工资上涨出现了第二轮影响的迹象——但这与新奥密克戎对经济复苏的威胁是平衡的。”天达银行经济学家Ellie Henderson表示。</blockquote></p><p> Investors and economists are not expecting anything nearly as bold this week from either the ECB or BOJ.</p><p><blockquote>投资者和经济学家预计欧洲央行或日本央行本周不会做出如此大胆的举动。</blockquote></p><p> The ECB is expected to be among the last to tighten policy, and the current unusually vibrant debate is focused on whether to dial back an exceptionally generous stimulus scheme just a notch. The caution is easy to understand. The bank has undershot its inflation target for most of the past decade, so it would rather move too late than too early, fearing that a misguided policy tweak could unravel years of work.</p><p><blockquote>预计欧洲央行将是最后收紧政策的国家之一，当前异常激烈的辩论集中在是否将异常慷慨的刺激计划缩减一个档次。谨慎很容易理解。在过去十年的大部分时间里，央行都没有达到通胀目标，因此它宁愿行动太晚也不愿行动太早，担心错误的政策调整可能会毁掉多年的工作。</blockquote></p><p> The euro zone's recovery is also trailing others. The bloc is just getting back to its pre-pandemic size and the job market could take another two years to recover. Debt levels are also at record highs, particularly in the bloc's south, so any big retreat could widen the spread between German and Italian debt, raising questions about the sustainability of these debt levels.</p><p><blockquote>欧元区的复苏也落后于其他国家。欧盟刚刚恢复到大流行前的规模，就业市场可能还需要两年时间才能复苏。债务水平也处于历史高位，特别是在欧盟南部，因此任何大幅回落都可能扩大德国和意大利债务之间的利差，引发人们对这些债务水平可持续性的质疑。</blockquote></p><p> Given that the risk of moving too quick appears to far outweigh the risk of moving too slow, the ECB is likely to take only the smallest step towards removing extraordinary stimulus this week and will signal copious support, including thorough record low rates, at least through next year.</p><p><blockquote>鉴于行动过快的风险似乎远远超过行动过慢的风险，欧洲央行本周可能只会在取消非常规刺激措施方面迈出最小的一步，并将发出大量支持信号，包括彻底的创纪录低利率，至少到明年。</blockquote></p><p> In Japan, the consumer-level inflation that is tearing through other parts of the globe remains largely absent. As such, only a marginal reduction in corporate asset purchases is under discussion at Friday's BOJ meeting.</p><p><blockquote>在日本，席卷全球其他地区的消费者层面的通胀基本上仍然不存在。因此，周五的日本央行会议仅讨论了小幅减少企业资产购买。</blockquote></p><p> Even if the others are not hard on the Fed's heels, Powell and the Fed appear to have set the agenda for a tumultuous 2022 as central bankers chart their ways to the exits, albeit at dramatically different paces.</p><p><blockquote>即使其他人没有紧随美联储之后，鲍威尔和美联储似乎已经为动荡的2022年制定了议程，各国央行行长们正在规划退出的道路，尽管步伐截然不同。</blockquote></p><p> \"You saw it in his congressional remarks that were more about tightening sooner than it was about worrying about the health of the global economy,\" said Vincent Reinhart, chief economist for Dreyfuss &amp; Mellon. The Fed and other central banks are \"conveying a sense that they are heading for the exits. Modern central banking is much about managing expectations and they do not want to be seen as behind the curve.\"</p><p><blockquote>Dreyfuss&amp;Mellon首席经济学家文森特·莱因哈特(Vincent Reinhart)表示：“你可以从他的国会讲话中看到，他更多的是关于尽快收紧政策，而不是担心全球经济的健康状况。”美联储和其他央行正在“传达一种他们正在走向退出的感觉。现代央行在很大程度上是管理预期，他们不希望被视为落后于形势。”</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed heads for the exits despite Omicron. Who will follow?<blockquote>尽管有奥密克戎，美联储仍将退出。谁会跟随？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed heads for the exits despite Omicron. Who will follow?<blockquote>尽管有奥密克戎，美联储仍将退出。谁会跟随？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-16 14:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - The U.S. Federal Reserve didn't beat around the bush on Wednesday when it signaled that raging inflation is its biggest risk and not the potential economic damage from the fast-spreading Omicron variant.</p><p><blockquote>（路透社）-美联储周三没有拐弯抹角，暗示通胀加剧是其最大风险，而不是快速蔓延的奥密克戎变种造成的潜在经济损害。</blockquote></p><p> The Fed doubled the pace at which it will reduce its bond purchases, while new forecasts from policymakers signaled as many as three interest rate increases next year. Chair Jerome Powell then waxed enthusiastically about the strength of the U.S. job market.</p><p><blockquote>美联储将减少债券购买的速度提高了一倍，而政策制定者的新预测表明明年将加息多达三次。主席杰罗姆·鲍威尔随后对美国就业市场的强劲表现充满热情。</blockquote></p><p> \"The economy no longer needs increasing amounts of policy support,\" Powell told a news conference. \"In my view, we are making rapid progress toward maximum employment.\"</p><p><blockquote>鲍威尔在新闻发布会上表示：“经济不再需要越来越多的政策支持。”“在我看来，我们正在朝着最大限度就业的方向取得快速进展。”</blockquote></p><p> Whether any of the Fed's peers are ready to follow its lead, however, will become clear in the next 24 hours with a rapid-fire succession of meetings by the Bank of England, European Central Bank and the Bank of Japan.</p><p><blockquote>然而，随着英国央行、欧洲央行和日本央行连续召开会议，未来24小时内美联储是否准备好效仿美联储的做法将变得明朗。</blockquote></p><p> Of the three, however, only the BoE is likely to take more than a baby step in trimming the monumental support provided to its economy through the pandemic. That could set the stage for a choppy 2022 with a Fed determined to end its asset purchases as fast as possible and kick off interest rates soon after, while others will be more hesitant to shift so decisively in that direction.</p><p><blockquote>然而，在这三个国家中，只有英国央行可能会在削减疫情为其经济提供的巨大支持方面迈出不止一小步。这可能会为动荡的2022年奠定基础，美联储决心尽快结束资产购买，并在不久后启动利率，而其他国家将更加犹豫是否要如此果断地朝这个方向转变。</blockquote></p><p> The BoE could become the first of the major central banks to raise interest rates at Thursday's policy meeting, but the United Kingdom is also where friction between Omicron and way-over-target inflation is playing out most vividly.</p><p><blockquote>英国央行可能成为第一个在周四的政策会议上加息的主要央行，但英国也是奥密克戎与远超目标通胀之间摩擦最明显的地方。</blockquote></p><p> UK daily coronavirus infections are now at their highest since the earliest days of the pandemic, forcing Prime Minister Boris Johnson this week to join with opposition lawmakers in imposing new restrictions.</p><p><blockquote>英国每日冠状病毒感染人数目前处于大流行初期以来的最高水平，迫使首相鲍里斯·约翰逊本周与反对派议员一起实施新的限制。</blockquote></p><p> On the other hand, shocking data on Wednesday showed consumer price inflation at a decade-high rate and bets in financial markets on a December rate hike jumped to 60% from about a third.</p><p><blockquote>另一方面，周三令人震惊的数据显示，消费者价格通胀率达到十年来的最高水平，金融市场对12月加息的押注从约三分之一跃升至60%。</blockquote></p><p> \"There is now the real risk of inflation becoming entrenched – especially considering the signs of second-round effects in terms of rising wages, supported by a strong labour market – but this is balanced against the threat to the economic recovery from the new Omicron variant,\" said Ellie Henderson, an economist at bank Investec.</p><p><blockquote>“现在确实存在通胀根深蒂固的风险——特别是考虑到在强劲的劳动力市场的支持下，工资上涨出现了第二轮影响的迹象——但这与新奥密克戎对经济复苏的威胁是平衡的。”天达银行经济学家Ellie Henderson表示。</blockquote></p><p> Investors and economists are not expecting anything nearly as bold this week from either the ECB or BOJ.</p><p><blockquote>投资者和经济学家预计欧洲央行或日本央行本周不会做出如此大胆的举动。</blockquote></p><p> The ECB is expected to be among the last to tighten policy, and the current unusually vibrant debate is focused on whether to dial back an exceptionally generous stimulus scheme just a notch. The caution is easy to understand. The bank has undershot its inflation target for most of the past decade, so it would rather move too late than too early, fearing that a misguided policy tweak could unravel years of work.</p><p><blockquote>预计欧洲央行将是最后收紧政策的国家之一，当前异常激烈的辩论集中在是否将异常慷慨的刺激计划缩减一个档次。谨慎很容易理解。在过去十年的大部分时间里，央行都没有达到通胀目标，因此它宁愿行动太晚也不愿行动太早，担心错误的政策调整可能会毁掉多年的工作。</blockquote></p><p> The euro zone's recovery is also trailing others. The bloc is just getting back to its pre-pandemic size and the job market could take another two years to recover. Debt levels are also at record highs, particularly in the bloc's south, so any big retreat could widen the spread between German and Italian debt, raising questions about the sustainability of these debt levels.</p><p><blockquote>欧元区的复苏也落后于其他国家。欧盟刚刚恢复到大流行前的规模，就业市场可能还需要两年时间才能复苏。债务水平也处于历史高位，特别是在欧盟南部，因此任何大幅回落都可能扩大德国和意大利债务之间的利差，引发人们对这些债务水平可持续性的质疑。</blockquote></p><p> Given that the risk of moving too quick appears to far outweigh the risk of moving too slow, the ECB is likely to take only the smallest step towards removing extraordinary stimulus this week and will signal copious support, including thorough record low rates, at least through next year.</p><p><blockquote>鉴于行动过快的风险似乎远远超过行动过慢的风险，欧洲央行本周可能只会在取消非常规刺激措施方面迈出最小的一步，并将发出大量支持信号，包括彻底的创纪录低利率，至少到明年。</blockquote></p><p> In Japan, the consumer-level inflation that is tearing through other parts of the globe remains largely absent. As such, only a marginal reduction in corporate asset purchases is under discussion at Friday's BOJ meeting.</p><p><blockquote>在日本，席卷全球其他地区的消费者层面的通胀基本上仍然不存在。因此，周五的日本央行会议仅讨论了小幅减少企业资产购买。</blockquote></p><p> Even if the others are not hard on the Fed's heels, Powell and the Fed appear to have set the agenda for a tumultuous 2022 as central bankers chart their ways to the exits, albeit at dramatically different paces.</p><p><blockquote>即使其他人没有紧随美联储之后，鲍威尔和美联储似乎已经为动荡的2022年制定了议程，各国央行行长们正在规划退出的道路，尽管步伐截然不同。</blockquote></p><p> \"You saw it in his congressional remarks that were more about tightening sooner than it was about worrying about the health of the global economy,\" said Vincent Reinhart, chief economist for Dreyfuss &amp; Mellon. The Fed and other central banks are \"conveying a sense that they are heading for the exits. Modern central banking is much about managing expectations and they do not want to be seen as behind the curve.\"</p><p><blockquote>Dreyfuss&amp;Mellon首席经济学家文森特·莱因哈特(Vincent Reinhart)表示：“你可以从他的国会讲话中看到，他更多的是关于尽快收紧政策，而不是担心全球经济的健康状况。”美联储和其他央行正在“传达一种他们正在走向退出的感觉。现代央行在很大程度上是管理预期，他们不希望被视为落后于形势。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/fed-heads-exits-despite-omicron-060632193.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/fed-heads-exits-despite-omicron-060632193.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143095001","content_text":"(Reuters) - The U.S. Federal Reserve didn't beat around the bush on Wednesday when it signaled that raging inflation is its biggest risk and not the potential economic damage from the fast-spreading Omicron variant.\nThe Fed doubled the pace at which it will reduce its bond purchases, while new forecasts from policymakers signaled as many as three interest rate increases next year. Chair Jerome Powell then waxed enthusiastically about the strength of the U.S. job market.\n\"The economy no longer needs increasing amounts of policy support,\" Powell told a news conference. \"In my view, we are making rapid progress toward maximum employment.\"\nWhether any of the Fed's peers are ready to follow its lead, however, will become clear in the next 24 hours with a rapid-fire succession of meetings by the Bank of England, European Central Bank and the Bank of Japan.\nOf the three, however, only the BoE is likely to take more than a baby step in trimming the monumental support provided to its economy through the pandemic. That could set the stage for a choppy 2022 with a Fed determined to end its asset purchases as fast as possible and kick off interest rates soon after, while others will be more hesitant to shift so decisively in that direction.\nThe BoE could become the first of the major central banks to raise interest rates at Thursday's policy meeting, but the United Kingdom is also where friction between Omicron and way-over-target inflation is playing out most vividly.\nUK daily coronavirus infections are now at their highest since the earliest days of the pandemic, forcing Prime Minister Boris Johnson this week to join with opposition lawmakers in imposing new restrictions.\nOn the other hand, shocking data on Wednesday showed consumer price inflation at a decade-high rate and bets in financial markets on a December rate hike jumped to 60% from about a third.\n\"There is now the real risk of inflation becoming entrenched – especially considering the signs of second-round effects in terms of rising wages, supported by a strong labour market – but this is balanced against the threat to the economic recovery from the new Omicron variant,\" said Ellie Henderson, an economist at bank Investec.\nInvestors and economists are not expecting anything nearly as bold this week from either the ECB or BOJ.\nThe ECB is expected to be among the last to tighten policy, and the current unusually vibrant debate is focused on whether to dial back an exceptionally generous stimulus scheme just a notch. The caution is easy to understand. The bank has undershot its inflation target for most of the past decade, so it would rather move too late than too early, fearing that a misguided policy tweak could unravel years of work.\nThe euro zone's recovery is also trailing others. The bloc is just getting back to its pre-pandemic size and the job market could take another two years to recover. Debt levels are also at record highs, particularly in the bloc's south, so any big retreat could widen the spread between German and Italian debt, raising questions about the sustainability of these debt levels.\nGiven that the risk of moving too quick appears to far outweigh the risk of moving too slow, the ECB is likely to take only the smallest step towards removing extraordinary stimulus this week and will signal copious support, including thorough record low rates, at least through next year.\nIn Japan, the consumer-level inflation that is tearing through other parts of the globe remains largely absent. As such, only a marginal reduction in corporate asset purchases is under discussion at Friday's BOJ meeting.\nEven if the others are not hard on the Fed's heels, Powell and the Fed appear to have set the agenda for a tumultuous 2022 as central bankers chart their ways to the exits, albeit at dramatically different paces.\n\"You saw it in his congressional remarks that were more about tightening sooner than it was about worrying about the health of the global economy,\" said Vincent Reinhart, chief economist for Dreyfuss & Mellon. The Fed and other central banks are \"conveying a sense that they are heading for the exits. Modern central banking is much about managing expectations and they do not want to be seen as behind the curve.\"","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":994,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607643180,"gmtCreate":1639536424443,"gmtModify":1639536424665,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607643180","repostId":"1165597848","repostType":4,"repost":{"id":"1165597848","kind":"news","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1165597848?lang=zh_CN&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Why Microsoft Stock Dropped<blockquote>微软股价为何下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165597848","media":"Motley Fool","summary":"What happened\nMicrosoft(NASDAQ:MSFT)shares closed 3.3% lower on Tuesday after the U.S. Department of","content":"<p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> <b>Microsoft</b>(NASDAQ:MSFT)shares closed 3.3% lower on Tuesday after the U.S. Department of Labor reported that producer price inflation hit a historic high in November, up 9.6% from a year ago. This news came on top of a reported 6.8% jump in consumer prices that came out yesterday -- the fastest rate of price growth&nbsp;in 40 years.</p><p><blockquote><b>微软</b>（纳斯达克：MSFT）股价周二收盘下跌3.3%。劳工部报告称，11月份生产者价格通胀创历史新高，同比上涨9.6%。这一消息是在昨天公布的消费者价格上涨6.8%的基础上发布的，这是40年来最快的价格增长率。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Reporting on Microsoft's price decline, Bloomberg drew a direct line from the inflation data to the weakness in Microsoft's stock price. But why exactly is inflation bad news for Microsoft (and other&nbsp;tech stocks&nbsp;as well)?</p><p><blockquote>彭博社在报道微软股价下跌时，将通胀数据与微软股价疲软直接联系起来。但为什么通胀对微软（以及其他科技股）来说到底是个坏消息呢？</blockquote></p><p> Think about it this way: Right now, analysts who track Microsoft stock are forecasting that the company will grow its earnings by about 15% annually over the next five years. But if inflation eats up nearly 10% of that 15%, then Microsoft's real earnings won't actually be growing by 15% but only by 5%.</p><p><blockquote>可以这样想：目前，跟踪微软股票的分析师预测，该公司未来五年的盈利将每年增长约15%。但如果通货膨胀吞噬了这15%中的近10%，那么微软的实际收入实际上不会增长15%，而只会增长5%。</blockquote></p><p> That's assuming inflation continues rising at the rate it's currently rising of course -- which isn't certain. By the same token, though, it's also not certain that inflation won't rise&nbsp;<i>faster</i>&nbsp;than 10%.</p><p><blockquote>当然，这是假设通货膨胀继续以目前的速度上升——这并不确定。然而，出于同样的原因，也不能确定通货膨胀不会上升<i>更快</i>比10%。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Granted, the Federal Reserve will probably work to get inflation rates under control, but even there, the news isn't all great because the Fed's primary tool for containing inflation is raising interest rates.</p><p><blockquote>诚然，美联储可能会努力控制通胀率，但即便如此，消息也不全是好消息，因为美联储遏制通胀的主要工具是加息。</blockquote></p><p> The Fed is meeting today and tomorrow, by the way, to set policy on inflation (and interest rates). If they decide to raise rates, then that's likely to slow the economy and potentially also slow the rate at which Microsoft's profits are expected to grow -- which would result in no net benefit to Microsoft's real earnings growth.</p><p><blockquote>顺便说一下，美联储将于今天和明天召开会议，制定通胀（和利率）政策。如果他们决定加息，那么这可能会减缓经济增长，也可能减缓微软利润的预期增长速度——这不会给微软的实际盈利增长带来任何净收益。</blockquote></p><p> This, in a nutshell, is why Microsoft&nbsp;closed the day down&nbsp;and why $82.5 billion worth of Microsoft's market capitalization just went up in smoke.</p><p><blockquote>简而言之，这就是微软当天收盘下跌的原因，也是微软825亿美元市值化为乌有的原因。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Microsoft Stock Dropped<blockquote>微软股价为何下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Microsoft Stock Dropped<blockquote>微软股价为何下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-15 10:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> <b>Microsoft</b>(NASDAQ:MSFT)shares closed 3.3% lower on Tuesday after the U.S. Department of Labor reported that producer price inflation hit a historic high in November, up 9.6% from a year ago. This news came on top of a reported 6.8% jump in consumer prices that came out yesterday -- the fastest rate of price growth&nbsp;in 40 years.</p><p><blockquote><b>微软</b>（纳斯达克：MSFT）股价周二收盘下跌3.3%。劳工部报告称，11月份生产者价格通胀创历史新高，同比上涨9.6%。这一消息是在昨天公布的消费者价格上涨6.8%的基础上发布的，这是40年来最快的价格增长率。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Reporting on Microsoft's price decline, Bloomberg drew a direct line from the inflation data to the weakness in Microsoft's stock price. But why exactly is inflation bad news for Microsoft (and other&nbsp;tech stocks&nbsp;as well)?</p><p><blockquote>彭博社在报道微软股价下跌时，将通胀数据与微软股价疲软直接联系起来。但为什么通胀对微软（以及其他科技股）来说到底是个坏消息呢？</blockquote></p><p> Think about it this way: Right now, analysts who track Microsoft stock are forecasting that the company will grow its earnings by about 15% annually over the next five years. But if inflation eats up nearly 10% of that 15%, then Microsoft's real earnings won't actually be growing by 15% but only by 5%.</p><p><blockquote>可以这样想：目前，跟踪微软股票的分析师预测，该公司未来五年的盈利将每年增长约15%。但如果通货膨胀吞噬了这15%中的近10%，那么微软的实际收入实际上不会增长15%，而只会增长5%。</blockquote></p><p> That's assuming inflation continues rising at the rate it's currently rising of course -- which isn't certain. By the same token, though, it's also not certain that inflation won't rise&nbsp;<i>faster</i>&nbsp;than 10%.</p><p><blockquote>当然，这是假设通货膨胀继续以目前的速度上升——这并不确定。然而，出于同样的原因，也不能确定通货膨胀不会上升<i>更快</i>比10%。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Granted, the Federal Reserve will probably work to get inflation rates under control, but even there, the news isn't all great because the Fed's primary tool for containing inflation is raising interest rates.</p><p><blockquote>诚然，美联储可能会努力控制通胀率，但即便如此，消息也不全是好消息，因为美联储遏制通胀的主要工具是加息。</blockquote></p><p> The Fed is meeting today and tomorrow, by the way, to set policy on inflation (and interest rates). If they decide to raise rates, then that's likely to slow the economy and potentially also slow the rate at which Microsoft's profits are expected to grow -- which would result in no net benefit to Microsoft's real earnings growth.</p><p><blockquote>顺便说一下，美联储将于今天和明天召开会议，制定通胀（和利率）政策。如果他们决定加息，那么这可能会减缓经济增长，也可能减缓微软利润的预期增长速度——这不会给微软的实际盈利增长带来任何净收益。</blockquote></p><p> This, in a nutshell, is why Microsoft&nbsp;closed the day down&nbsp;and why $82.5 billion worth of Microsoft's market capitalization just went up in smoke.</p><p><blockquote>简而言之，这就是微软当天收盘下跌的原因，也是微软825亿美元市值化为乌有的原因。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/14/why-microsoft-stock-dropped-today/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.fool.com/investing/2021/12/14/why-microsoft-stock-dropped-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165597848","content_text":"What happened\nMicrosoft(NASDAQ:MSFT)shares closed 3.3% lower on Tuesday after the U.S. Department of Labor reported that producer price inflation hit a historic high in November, up 9.6% from a year ago. This news came on top of a reported 6.8% jump in consumer prices that came out yesterday -- the fastest rate of price growth in 40 years.\nSo what\nReporting on Microsoft's price decline, Bloomberg drew a direct line from the inflation data to the weakness in Microsoft's stock price. But why exactly is inflation bad news for Microsoft (and other tech stocks as well)?\nThink about it this way: Right now, analysts who track Microsoft stock are forecasting that the company will grow its earnings by about 15% annually over the next five years. But if inflation eats up nearly 10% of that 15%, then Microsoft's real earnings won't actually be growing by 15% but only by 5%.\nThat's assuming inflation continues rising at the rate it's currently rising of course -- which isn't certain. By the same token, though, it's also not certain that inflation won't rise faster than 10%.\nNow what\nGranted, the Federal Reserve will probably work to get inflation rates under control, but even there, the news isn't all great because the Fed's primary tool for containing inflation is raising interest rates.\nThe Fed is meeting today and tomorrow, by the way, to set policy on inflation (and interest rates). If they decide to raise rates, then that's likely to slow the economy and potentially also slow the rate at which Microsoft's profits are expected to grow -- which would result in no net benefit to Microsoft's real earnings growth.\nThis, in a nutshell, is why Microsoft closed the day down and why $82.5 billion worth of Microsoft's market capitalization just went up in smoke.","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":916,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604745289,"gmtCreate":1639450126647,"gmtModify":1639451134774,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/604745289","repostId":"1111329217","repostType":4,"repost":{"id":"1111329217","kind":"news","pubTimestamp":1639449728,"share":"https://www.laohu8.com/m/news/1111329217?lang=zh_CN&edition=full","pubTime":"2021-12-14 10:42","market":"us","language":"en","title":"Slowing Growth Could Cause Further Slide for Palantir Stock<blockquote>增长放缓可能导致Palantir股价进一步下滑</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111329217","media":"InvestorPlace","summary":"Even after its more than 25% decline in price over the past month, you may want to skip 'buying the dip' with PLTR stock","content":"<p><div> A longtime “permabear” on Palantir Technologies (NYSE:PLTR), I won’t try to say I called the recent big drop in PLTR stock ahead of time. While correct in my Nov. 3 prediction that it stood to move to...</p><p><blockquote><div>作为Palantir Technologies（纽约证券交易所股票代码：PLTR）的长期“永久空头”，我不会试图说我提前预测了PLTR股票最近的大幅下跌。虽然我在11月3日的预测是正确的，但它将走向...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/pltr-stock-slowing-growth-could-cause-further-slide/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/pltr-stock-slowing-growth-could-cause-further-slide/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Slowing Growth Could Cause Further Slide for Palantir Stock<blockquote>增长放缓可能导致Palantir股价进一步下滑</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSlowing Growth Could Cause Further Slide for Palantir Stock<blockquote>增长放缓可能导致Palantir股价进一步下滑</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-14 10:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> A longtime “permabear” on Palantir Technologies (NYSE:PLTR), I won’t try to say I called the recent big drop in PLTR stock ahead of time. While correct in my Nov. 3 prediction that it stood to move to...</p><p><blockquote><div>作为Palantir Technologies（纽约证券交易所股票代码：PLTR）的长期“永久空头”，我不会试图说我提前预测了PLTR股票最近的大幅下跌。虽然我在11月3日的预测是正确的，但它将走向...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/pltr-stock-slowing-growth-could-cause-further-slide/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/pltr-stock-slowing-growth-could-cause-further-slide/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/pltr-stock-slowing-growth-could-cause-further-slide/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://investorplace.com/2021/12/pltr-stock-slowing-growth-could-cause-further-slide/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111329217","content_text":"A longtime “permabear” on Palantir Technologies (NYSE:PLTR), I won’t try to say I called the recent big drop in PLTR stock ahead of time. While correct in my Nov. 3 prediction that it stood to move to lower prices, I’ve called it wrong plenty of times with shares in this data analytics software company.\nBut while the stock has found a way to recover after a big selloff many times in 2021, that may not be the case in 2022. Instead of continuing on with a roller coaster pattern, it may make a continued move below $20 per share.\nHow? In past coverage, I’ve talked a lot about how Federal Reserve policy changes (i.e. rate hikes) could sink it lower. Yet even if you assume that a rise in rates next year won’t spell big drops for growth stocks, there is something else that could lead to more downward pressure for Palantir’s shares: if the underlying “story” with it changes. If more comes out to indicate that recent fears of slowing revenue growth are right on the money.\nWith this, you may want to think twice before “buying the dip.”\nPLTR Stock and its Trip Back to $20 Per Share\nWhen I last wrote about, Palantir appears to be making a return to $30 per share. The shrugging off inflation/interest rate worries at the time played a role in this, as did bullishness with the company’s Q3 earnings results.\nOf course, a comeback in the PLTR stock price did not play out. Sure, the company reported solid numbers for the quarter ending Sep 30, 2021. Revenue of $392 million came in above sell-side estimates of $385 millions. Earnings per share (EPS) of 4 cents was in-line with projections. However, there was a bit of disappointment. Revenue for its flagship governmental business came in below expectations. This has sparked fears that growth for the company overall will start to slow down. Said concern was further heightened by a bearish call from RBC Capital analyst Rishi Jaluria.\nCutting his rating to the equivalent of “sell,” and lowering his price target from $25 per share to $19 per share, Jaluria cited the slowing government revenue growth, plus concerns with the company’s commercial revenue growth, as the main reasons behind the downgrade. In particular, the company’s latest strategy of making investments in special purpose acquisition companies (SPACs), which in turn have the operating businesses they merge with purchase services from Palantir. The sell side analyst sees this as “unsustainable.”\nThis combo of a poorly received earnings release, plus the downgrade, pushed the stock from around $26.75 per share, to the low $20s per share. Then, with the post-Thanksgiving Omicron/Fed selloff, shares fell back below $20 per share for the first time since May. As of this writing, it’s attempting to get back above $20 per share. But while prior sell-offs have been quickly followed up with strong rebounds, this may not happen this go-around.\nPalantir and The Big Risk of Decelerating Growth\nIn prior articles, I’ve focused a lot on the valuation issues with PLTR stock. Sporting a triple-digit price-to-earnings, or P/E, ratio, it was vulnerable to big price declines. That is, if factors like rising interest rates could result in severe multiple compression for growth stocks.\nHowever, I’ll admit that rate hikes may not necessarily result in a massive correction for growth stocks. Even if rates move higher, they’ll still be at historic lows. The rich multiples sported by growth stocks today could hold.Then again, in Palantir’s case, a rich valuation will hold only if the “story” behind it stays as-is.\nUnfortunately, like I hinted at above, the “story” may be on the verge of changing. Q3 results are just the latest indication that governmental revenue growth is slowing down. Back in October, I discussed how two analysts (Citi’s Tyler Radke and William Blair’s Kamil Mielczarek) both noted the company’s light governmental deal activity in recent months.\nYes, this may not be an issue, if Jaluria’s concerns about unsustainable commercial growth prove to be overblown. But if the analyst is right, and its unsustainable things like its SPAC gambit that are jolting up commercial revenues? Growth in this segment could see a considerable slowdown. In turn, if this results in Palantir’s growth falling below its 30% per year benchmark? A severe re-assessment of its valuation will likely occur.\nThe Verdict on This Data Analytics Stock\nAt around $20 per share today, some may say it’s time to “buy the dip” with Palantir. Yet with high growth already baked-into its valuation, upside may be limited. If things work out, the stock may at best bounce between the $20 to $30 per share trading range it’s been stuck in since June.\nComparing its limited downside, to what could be big downside risk, if revenue growth really starts to slow down, you may want to take a pass on PLTR stock.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":813,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604145925,"gmtCreate":1639363096363,"gmtModify":1639363096564,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604145925","repostId":"1191860151","repostType":4,"repost":{"id":"1191860151","kind":"news","pubTimestamp":1639362574,"share":"https://www.laohu8.com/m/news/1191860151?lang=zh_CN&edition=full","pubTime":"2021-12-13 10:29","market":"us","language":"en","title":"A dot-com style unwind of big tech stocks is coming on the heels of a Fed rate hike,Bank of America says<blockquote>美国银行表示，美联储加息后，大型科技股将出现互联网式的抛售</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191860151","media":"Business Insider","summary":"Investors should sell the rally in stocks ahead of upcoming Fed interest rate hikes, Bank of America","content":"<p><ul>  <li><b>Investors should sell the rally in stocks ahead of upcoming Fed interest rate hikes, Bank of America said in a Friday note.</b></li>  <li><b>BofA's Michael Hartnett expects the Fed to raise interest rates by 0.50% in March 2022, ahead of consensus.</b></li>  <li><b>The bank also highlighted the striking similarity between the unwind in tech during the 2000 dot-com bubble and today.</b></li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2edd66bc9c0b6602bb6074f9f156cf8d\" tg-width=\"790\" tg-height=\"395\" width=\"100%\" height=\"auto\"><span>Traders work on the floor of the New York Stock Exchange (NYSE)</span></p><p><blockquote><ul><li><b>美国银行在周五的一份报告中表示，投资者应该在美联储即将加息之前抛售股市的涨势。</b></li><li><b>美国银行的Michael Hartnett预计美联储将在2022年3月加息0.50%，领先于共识。</b></li><li><b>该银行还强调了2000年互联网泡沫期间科技股的放松与今天的惊人相似之处。</b></li></ul><p class=\"t-img-caption\"><span>交易员在纽约证券交易所(NYSE)的交易大厅工作</span></p></blockquote></p><p> The stock market's recovery rally over the past week represents an opportunity for investors to sell ahead of an upcoming Fed interest rate \"shock,\"Bank of America's&nbsp;Michael Hartnett said in a Friday note.</p><p><blockquote>美国银行的Michael Hartnett在周五的一份报告中表示，过去一周股市的复苏反弹为投资者在即将到来的美联储利率“冲击”之前卖出提供了机会。</blockquote></p><p> Hartnett recommends investors \"sell the rip\" rather than \"buy the dip\" in stocks as interest rate hikes are about to rock Wall Street, and amid a strikingly similar unwind in tech stocks compared to the dot-com bubble in 2000.</p><p><blockquote>Hartnett建议投资者“逢高卖出”而不是“逢低买入”股票，因为加息即将震撼华尔街，而且与2000年的互联网泡沫相比，科技股的下跌幅度惊人地相似。</blockquote></p><p> According to Hartnett, the Fed could, and should, begin to hike interest rates at its December meeting next week. If they don't, the market will price in a 0.50% interest rate hike in March 2022 because of a \"red hot labor market,\" Hartnett said, pointing to Thursday's jobless claims data&nbsp;hitting its lowest level since 1969.</p><p><blockquote>Hartnett表示，美联储可以也应该在下周的12月会议上开始加息。Hartnett表示，如果他们不这样做，市场将消化2022年3月加息0.50%的价格，因为“劳动力市场火热”，并指出周四的初请失业金数据触及1969年以来的最低水平。</blockquote></p><p> If Hartnett's Fed rate hike expectations pan out, that would likely be a shock to Wall Street, with most market participants expecting the Fed to start with a 0.25% rate hike in the second half of 2022. \"The lead indicator (yield curve) all say 'Fed coming', but investment grade bonds and FAANG do not,\" Hartnett said.</p><p><blockquote>如果Hartnett的美联储加息预期成功，这可能会让华尔街感到震惊，大多数市场参与者预计美联储将在2022年下半年加息0.25%。Hartnett表示：“领先指标（收益率曲线）都显示‘美联储即将到来’，但投资级债券和FAANG却没有。”</blockquote></p><p> Hartnett is referring to the mega-cap tech complex, which consists of five stocks driving 64% of the&nbsp;Nasdaq's&nbsp;23% year-to-date gain. Those five stocks are&nbsp;Microsoft,Alphabet,Apple,Nvidia, and&nbsp;Tesla.</p><p><blockquote>Hartnett指的是大型科技股，该股由五只股票组成，推动了纳斯达克今年迄今23%涨幅的64%。这五只股票是微软、Alphabet、苹果、英伟达和特斯拉。</blockquote></p><p> \"The bubble in speculative froth has popped,\" Hartnett said, highlighting that the ongoing&nbsp;breakdown in Ark Invest's&nbsp;Disruptive Innovation fund is closely tracking the descent of Invesco during the 2000 dot-com unwind. Ark's Cathie Wood&nbsp;defended her fund's investment strategy this week&nbsp;and estimates big gains ahead.</p><p><blockquote>Hartnett表示：“投机泡沫的泡沫已经破裂。”他强调，Ark Invest颠覆性创新基金的持续崩溃与景顺在2000年互联网公司倒闭期间的下跌密切相关。Ark的凯西·伍德(Cathie Wood)本周为其基金的投资策略进行了辩护，并预计未来将大幅上涨。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1efeef1560945277e8f3d6c47cabaec4\" tg-width=\"790\" tg-height=\"436\" width=\"100%\" height=\"auto\"><span>Bank of America</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国银行</span></p></blockquote></p><p> Finally, investors shouldn't get too excited about short-term rallies in the stock market after big sell-offs, as they tend to serve as head fakes to bullish investors during a declining market. According to Hartnett's analysis, the Nasdaq staged 11 \"dead cat bounces\" with rallies as high as 45% between April 2000 and August 2002, well before the stock market bottomed in October 2002.</p><p><blockquote>最后，投资者不应该对股市大幅抛售后的短期反弹过于兴奋，因为在市场下跌期间，它们往往会成为看涨投资者的假货。根据Hartnett的分析，纳斯达克在2000年4月至2002年8月期间上演了11次“死猫反弹”，涨幅高达45%，远在2002年10月股市触底之前。</blockquote></p><p> Since the Nasdaq fell about 5% in late November, it has since rallied as much as 4.5% before continuing slightly lower, representing a dead cat bounce if it doesn't hit record highs in the near future.</p><p><blockquote>自11月底纳斯达克下跌约5%以来，此后上涨了4.5%，然后继续小幅走低，如果近期不创下历史新高，则代表着死猫反弹。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A dot-com style unwind of big tech stocks is coming on the heels of a Fed rate hike,Bank of America says<blockquote>美国银行表示，美联储加息后，大型科技股将出现互联网式的抛售</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA dot-com style unwind of big tech stocks is coming on the heels of a Fed rate hike,Bank of America says<blockquote>美国银行表示，美联储加息后，大型科技股将出现互联网式的抛售</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Business Insider</strong><span class=\"h-time small\">2021-12-13 10:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li><b>Investors should sell the rally in stocks ahead of upcoming Fed interest rate hikes, Bank of America said in a Friday note.</b></li>  <li><b>BofA's Michael Hartnett expects the Fed to raise interest rates by 0.50% in March 2022, ahead of consensus.</b></li>  <li><b>The bank also highlighted the striking similarity between the unwind in tech during the 2000 dot-com bubble and today.</b></li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2edd66bc9c0b6602bb6074f9f156cf8d\" tg-width=\"790\" tg-height=\"395\" width=\"100%\" height=\"auto\"><span>Traders work on the floor of the New York Stock Exchange (NYSE)</span></p><p><blockquote><ul><li><b>美国银行在周五的一份报告中表示，投资者应该在美联储即将加息之前抛售股市的涨势。</b></li><li><b>美国银行的Michael Hartnett预计美联储将在2022年3月加息0.50%，领先于共识。</b></li><li><b>该银行还强调了2000年互联网泡沫期间科技股的放松与今天的惊人相似之处。</b></li></ul><p class=\"t-img-caption\"><span>交易员在纽约证券交易所(NYSE)的交易大厅工作</span></p></blockquote></p><p> The stock market's recovery rally over the past week represents an opportunity for investors to sell ahead of an upcoming Fed interest rate \"shock,\"Bank of America's&nbsp;Michael Hartnett said in a Friday note.</p><p><blockquote>美国银行的Michael Hartnett在周五的一份报告中表示，过去一周股市的复苏反弹为投资者在即将到来的美联储利率“冲击”之前卖出提供了机会。</blockquote></p><p> Hartnett recommends investors \"sell the rip\" rather than \"buy the dip\" in stocks as interest rate hikes are about to rock Wall Street, and amid a strikingly similar unwind in tech stocks compared to the dot-com bubble in 2000.</p><p><blockquote>Hartnett建议投资者“逢高卖出”而不是“逢低买入”股票，因为加息即将震撼华尔街，而且与2000年的互联网泡沫相比，科技股的下跌幅度惊人地相似。</blockquote></p><p> According to Hartnett, the Fed could, and should, begin to hike interest rates at its December meeting next week. If they don't, the market will price in a 0.50% interest rate hike in March 2022 because of a \"red hot labor market,\" Hartnett said, pointing to Thursday's jobless claims data&nbsp;hitting its lowest level since 1969.</p><p><blockquote>Hartnett表示，美联储可以也应该在下周的12月会议上开始加息。Hartnett表示，如果他们不这样做，市场将消化2022年3月加息0.50%的价格，因为“劳动力市场火热”，并指出周四的初请失业金数据触及1969年以来的最低水平。</blockquote></p><p> If Hartnett's Fed rate hike expectations pan out, that would likely be a shock to Wall Street, with most market participants expecting the Fed to start with a 0.25% rate hike in the second half of 2022. \"The lead indicator (yield curve) all say 'Fed coming', but investment grade bonds and FAANG do not,\" Hartnett said.</p><p><blockquote>如果Hartnett的美联储加息预期成功，这可能会让华尔街感到震惊，大多数市场参与者预计美联储将在2022年下半年加息0.25%。Hartnett表示：“领先指标（收益率曲线）都显示‘美联储即将到来’，但投资级债券和FAANG却没有。”</blockquote></p><p> Hartnett is referring to the mega-cap tech complex, which consists of five stocks driving 64% of the&nbsp;Nasdaq's&nbsp;23% year-to-date gain. Those five stocks are&nbsp;Microsoft,Alphabet,Apple,Nvidia, and&nbsp;Tesla.</p><p><blockquote>Hartnett指的是大型科技股，该股由五只股票组成，推动了纳斯达克今年迄今23%涨幅的64%。这五只股票是微软、Alphabet、苹果、英伟达和特斯拉。</blockquote></p><p> \"The bubble in speculative froth has popped,\" Hartnett said, highlighting that the ongoing&nbsp;breakdown in Ark Invest's&nbsp;Disruptive Innovation fund is closely tracking the descent of Invesco during the 2000 dot-com unwind. Ark's Cathie Wood&nbsp;defended her fund's investment strategy this week&nbsp;and estimates big gains ahead.</p><p><blockquote>Hartnett表示：“投机泡沫的泡沫已经破裂。”他强调，Ark Invest颠覆性创新基金的持续崩溃与景顺在2000年互联网公司倒闭期间的下跌密切相关。Ark的凯西·伍德(Cathie Wood)本周为其基金的投资策略进行了辩护，并预计未来将大幅上涨。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1efeef1560945277e8f3d6c47cabaec4\" tg-width=\"790\" tg-height=\"436\" width=\"100%\" height=\"auto\"><span>Bank of America</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国银行</span></p></blockquote></p><p> Finally, investors shouldn't get too excited about short-term rallies in the stock market after big sell-offs, as they tend to serve as head fakes to bullish investors during a declining market. According to Hartnett's analysis, the Nasdaq staged 11 \"dead cat bounces\" with rallies as high as 45% between April 2000 and August 2002, well before the stock market bottomed in October 2002.</p><p><blockquote>最后，投资者不应该对股市大幅抛售后的短期反弹过于兴奋，因为在市场下跌期间，它们往往会成为看涨投资者的假货。根据Hartnett的分析，纳斯达克在2000年4月至2002年8月期间上演了11次“死猫反弹”，涨幅高达45%，远在2002年10月股市触底之前。</blockquote></p><p> Since the Nasdaq fell about 5% in late November, it has since rallied as much as 4.5% before continuing slightly lower, representing a dead cat bounce if it doesn't hit record highs in the near future.</p><p><blockquote>自11月底纳斯达克下跌约5%以来，此后上涨了4.5%，然后继续小幅走低，如果近期不创下历史新高，则代表着死猫反弹。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://markets.businessinsider.com/news/stocks/stock-market-outlook-sell-dot-com-bubble-unwind-rate-hikes-2021-12\">Business Insider</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://markets.businessinsider.com/news/stocks/stock-market-outlook-sell-dot-com-bubble-unwind-rate-hikes-2021-12","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191860151","content_text":"Investors should sell the rally in stocks ahead of upcoming Fed interest rate hikes, Bank of America said in a Friday note.\nBofA's Michael Hartnett expects the Fed to raise interest rates by 0.50% in March 2022, ahead of consensus.\nThe bank also highlighted the striking similarity between the unwind in tech during the 2000 dot-com bubble and today.\n\nTraders work on the floor of the New York Stock Exchange (NYSE)\nThe stock market's recovery rally over the past week represents an opportunity for investors to sell ahead of an upcoming Fed interest rate \"shock,\"Bank of America's Michael Hartnett said in a Friday note.\nHartnett recommends investors \"sell the rip\" rather than \"buy the dip\" in stocks as interest rate hikes are about to rock Wall Street, and amid a strikingly similar unwind in tech stocks compared to the dot-com bubble in 2000.\nAccording to Hartnett, the Fed could, and should, begin to hike interest rates at its December meeting next week. If they don't, the market will price in a 0.50% interest rate hike in March 2022 because of a \"red hot labor market,\" Hartnett said, pointing to Thursday's jobless claims data hitting its lowest level since 1969.\nIf Hartnett's Fed rate hike expectations pan out, that would likely be a shock to Wall Street, with most market participants expecting the Fed to start with a 0.25% rate hike in the second half of 2022. \"The lead indicator (yield curve) all say 'Fed coming', but investment grade bonds and FAANG do not,\" Hartnett said.\nHartnett is referring to the mega-cap tech complex, which consists of five stocks driving 64% of the Nasdaq's 23% year-to-date gain. Those five stocks are Microsoft,Alphabet,Apple,Nvidia, and Tesla.\n\"The bubble in speculative froth has popped,\" Hartnett said, highlighting that the ongoing breakdown in Ark Invest's Disruptive Innovation fund is closely tracking the descent of Invesco during the 2000 dot-com unwind. Ark's Cathie Wood defended her fund's investment strategy this week and estimates big gains ahead.\nBank of America\nFinally, investors shouldn't get too excited about short-term rallies in the stock market after big sell-offs, as they tend to serve as head fakes to bullish investors during a declining market. According to Hartnett's analysis, the Nasdaq staged 11 \"dead cat bounces\" with rallies as high as 45% between April 2000 and August 2002, well before the stock market bottomed in October 2002.\nSince the Nasdaq fell about 5% in late November, it has since rallied as much as 4.5% before continuing slightly lower, representing a dead cat bounce if it doesn't hit record highs in the near future.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605775311,"gmtCreate":1639273865437,"gmtModify":1639273865625,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605775311","repostId":"2190671014","repostType":4,"isVote":1,"tweetType":1,"viewCount":877,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605250847,"gmtCreate":1639183454779,"gmtModify":1639183455014,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605250847","repostId":"1199826178","repostType":4,"isVote":1,"tweetType":1,"viewCount":1505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605070625,"gmtCreate":1639097113968,"gmtModify":1639097114139,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605070625","repostId":"1120676537","repostType":4,"isVote":1,"tweetType":1,"viewCount":898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602652094,"gmtCreate":1639018025961,"gmtModify":1639018026166,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/602652094","repostId":"1110875204","repostType":4,"repost":{"id":"1110875204","kind":"news","pubTimestamp":1639017474,"share":"https://www.laohu8.com/m/news/1110875204?lang=zh_CN&edition=full","pubTime":"2021-12-09 10:37","market":"us","language":"en","title":"TSLA Stock Price Prediction: Why (and When) One Analyst Sees Tesla Soaring to $1,580<blockquote>TSLA股价预测：为什么（以及何时）一位分析师认为特斯拉将飙升至1,580美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1110875204","media":"InvestorPlace","summary":"A new price prediction is in for Tesla stock today and it has one analyst expecting major gains in not much time.New Street analyst Pierre Ferragu is the analyst behind the new price prediction for TSLA stock today. He increased the firm’s price target for the shares from $1,298 to $1,580. Ferragu’s price target is incredibly bullish compared to his peers. The consensus price target for TLSA is sitting at$798.24.Of course, today’s news isn’t just that the New Street analyst is expecting major ga","content":"<p><div> A new price prediction is in for Tesla(NASDAQ:TSLA) stock today and it has one analyst expecting major gains in not much time. New Street analyst Pierre Ferragu is the analyst behind the new price ...</p><p><blockquote><div>特斯拉（纳斯达克：TSLA）股票今天发布了新的价格预测，一位分析师预计很快就会大幅上涨。新街分析师Pierre Ferragu是新价格背后的分析师...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/tsla-stock-price-prediction-why-and-when-one-analyst-sees-tesla-soaring-to-1580/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/tsla-stock-price-prediction-why-and-when-one-analyst-sees-tesla-soaring-to-1580/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSLA Stock Price Prediction: Why (and When) One Analyst Sees Tesla Soaring to $1,580<blockquote>TSLA股价预测：为什么（以及何时）一位分析师认为特斯拉将飙升至1,580美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSLA Stock Price Prediction: Why (and When) One Analyst Sees Tesla Soaring to $1,580<blockquote>TSLA股价预测：为什么（以及何时）一位分析师认为特斯拉将飙升至1,580美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-09 10:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> A new price prediction is in for Tesla(NASDAQ:TSLA) stock today and it has one analyst expecting major gains in not much time. New Street analyst Pierre Ferragu is the analyst behind the new price ...</p><p><blockquote><div>特斯拉（纳斯达克：TSLA）股票今天发布了新的价格预测，一位分析师预计很快就会大幅上涨。新街分析师Pierre Ferragu是新价格背后的分析师...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/tsla-stock-price-prediction-why-and-when-one-analyst-sees-tesla-soaring-to-1580/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/tsla-stock-price-prediction-why-and-when-one-analyst-sees-tesla-soaring-to-1580/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/tsla-stock-price-prediction-why-and-when-one-analyst-sees-tesla-soaring-to-1580/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/12/tsla-stock-price-prediction-why-and-when-one-analyst-sees-tesla-soaring-to-1580/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110875204","content_text":"A new price prediction is in for Tesla(NASDAQ:TSLA) stock today and it has one analyst expecting major gains in not much time.\nNew Street analyst Pierre Ferragu is the analyst behind the new price prediction for TSLA stock today. He increased the firm’s price target for the shares from $1,298 to $1,580. Ferragu’s price target is incredibly bullish compared to his peers. The consensus price target for TLSA is sitting at$798.24.\nOf course, today’s news isn’t just that the New Street analyst is expecting major gains from Telsa, it’s also how quickly he expects them. Ferragu is estimating that TSLA stock will be trading at his price prediction by the end of the year.\nIt’s also worth pointing out that the new price target has Ferragu keeping a buy rating for TSLA. For comparison, the analyst consensus rating is hold. That comes from 14 buys, 10, holds, and 10 sells.\nSo why is this analyst taking such a bullish stance on TSLA stock? First off, the New Street analyst thinks that Tesla will surpass delivery estimates of 266,000 units in Q4. This has him predicting between 280,000 and 285,000 deliveries during the period.\nAnother reason for the bull position from Ferragu is high expectations for the company’s Shanghai plant. The analyst believes that this plan as an annual turnout of over 700,000 vehicles. That’s much higher than the initial 450,000 unit target.\nTSLA stock rose 1.64% on Wednesday.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":726,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":874798988,"gmtCreate":1637820516842,"gmtModify":1637820516947,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/874798988","repostId":"2185351797","repostType":4,"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867405545,"gmtCreate":1633305807702,"gmtModify":1633305807871,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/867405545","repostId":"1186540865","repostType":4,"repost":{"id":"1186540865","kind":"news","pubTimestamp":1633289898,"share":"https://www.laohu8.com/m/news/1186540865?lang=zh_CN&edition=full","pubTime":"2021-10-04 03:38","market":"us","language":"en","title":"US IPO Week Ahead: New issuers work up a sweat in a fitness-led 5 IPO week<blockquote>美国IPO一周即将到来：新发行人在健身主导的5周IPO中大汗淋漓</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186540865","media":"Renaissance Capital","summary":"In the first full week of October, five IPOs are slated to raise $1.8 billion, led by two fitness co","content":"<p>In the first full week of October, five IPOs are slated to raise $1.8 billion, led by two fitness companies.</p><p><blockquote>在10月的第一周，由两家健身公司牵头的五起IPO预计将筹集18亿美元。</blockquote></p><p> Fitness chain<b>Life Time Group Holdings</b>(LTH) plans to raise $901 million at a $4.1 billion market cap. Taken private in 2015, Life Time operates more than 150 \"centers\" across 29 US states and one province in Canada, serving nearly 1.4 million individual members as of 7/31/21. While the company was hit hard by the pandemic, operations have since improved dramatically, with revenue quadrupling in the 2Q21.</p><p><blockquote>健身连锁<b>生命时代集团控股</b>(LTH)计划以41亿美元的市值筹集9.01亿美元。Life Time于2015年私有化，在美国29个州和加拿大一个省运营着150多个“中心”，截至2011年7月31日，为近140万个人会员提供服务。尽管该公司受到疫情的严重打击，但此后运营情况显着改善，2021年第二季度的收入翻了两番。</blockquote></p><p> Fitness equipment brand<b>iFIT Health &amp; Fitness</b>(IFIT) plans to raise $600 million at a $6.4 billion market cap. iFIT is the #1 provider of large fitness equipment in the US, selling under brands including iFIT, NordicTrack, ProForm, and Freemotion. Fast growing and unprofitable, the company serves a community of over 6.1 million members and 1.5 million subscribers in over 120 countries.</p><p><blockquote>健身器材品牌<b>iFIT健康与健身</b>(IFIT)计划以64亿美元的市值筹集6亿美元。iFIT是美国排名第一的大型健身器材供应商，销售品牌包括iFIT、NordicTrack、ProForm和Freemotion。该公司发展迅速，但尚未盈利，为120多个国家的超过610万会员和150万订户提供服务。</blockquote></p><p> Proteomics platform<b>IsoPlexis</b>(ISO) plans to raise $125 million at a $648 million market cap. IsoPlexis believes its platform is the first to employ both proteomics and single cell biology to characterize and link cellular function to patient outcomes. Fast growing and highly unprofitable, the company's platform has been adopted by the top 15 global biopharmas and nearly half of the comprehensive cancer centers in the US since its commercial launch in June 2018.</p><p><blockquote>蛋白质组学平台<b>等丛</b>(ISO)计划以6.48亿美元的市值筹集1.25亿美元。IsoPlexis认为其平台是第一个同时采用蛋白质组学和单细胞生物学来表征细胞功能并将其与患者结果联系起来的平台。自2018年6月商业推出以来，该公司的平台增长迅速且利润丰厚，已被全球15大生物制药公司和美国近一半的综合癌症中心采用。</blockquote></p><p> Biotech<b>Theseus Pharmaceuticals</b>(THRX) plans to raise $125 million at a $593 million market cap. Theseus’ lead candidate is a pan-variant inhibitor of all major classes of activating/resistance mutations of the KIT kinase for of gastrointestinal stromal tumors (GIST). The company recently submitted an IND for advanced GIST and plans to initiate a Phase 1/2 trial between late 4Q21 and mid 1Q22.</p><p><blockquote>生物技术<b>忒修斯制药公司</b>(THRX)计划以5.93亿美元的市值筹集1.25亿美元。Theseus的主要候选药物是胃肠道间质瘤(GIST)KIT激酶所有主要激活/耐药突变类别的泛变体抑制剂。该公司最近提交了高级GIST的IND，并计划在2021年第四季度晚期和2022年第一季度中部之间启动1/2期试验。</blockquote></p><p> Drug developer<b>Cingulate</b>(CING) plans to raise $50 million at a $225 million market cap. Its two candidates, CTx-1301 and CTx-1302, are being developed for the treatment of ADHD. The company announced positive results from a Phase 1/2 study of CTx-1301 in October 2020, and plans to initiate Phase 3 trials in the 4Q21 with results expected in late 2022.</p><p><blockquote>药物开发人员<b>扣带</b>(CING)计划以2.25亿美元的市值筹集5000万美元。其两种候选药物CTx-1301和CTx-1302正在开发用于治疗ADHD。该公司于2020年10月宣布了CTX-1301 1/2期研究的积极结果，并计划在2021年第四季度启动3期试验，预计将于2022年底获得结果。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/610fa042e4de459e4597ed8086743234\" tg-width=\"1894\" tg-height=\"912\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US IPO Week Ahead: New issuers work up a sweat in a fitness-led 5 IPO week<blockquote>美国IPO一周即将到来：新发行人在健身主导的5周IPO中大汗淋漓</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS IPO Week Ahead: New issuers work up a sweat in a fitness-led 5 IPO week<blockquote>美国IPO一周即将到来：新发行人在健身主导的5周IPO中大汗淋漓</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-10-04 03:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In the first full week of October, five IPOs are slated to raise $1.8 billion, led by two fitness companies.</p><p><blockquote>在10月的第一周，由两家健身公司牵头的五起IPO预计将筹集18亿美元。</blockquote></p><p> Fitness chain<b>Life Time Group Holdings</b>(LTH) plans to raise $901 million at a $4.1 billion market cap. Taken private in 2015, Life Time operates more than 150 \"centers\" across 29 US states and one province in Canada, serving nearly 1.4 million individual members as of 7/31/21. While the company was hit hard by the pandemic, operations have since improved dramatically, with revenue quadrupling in the 2Q21.</p><p><blockquote>健身连锁<b>生命时代集团控股</b>(LTH)计划以41亿美元的市值筹集9.01亿美元。Life Time于2015年私有化，在美国29个州和加拿大一个省运营着150多个“中心”，截至2011年7月31日，为近140万个人会员提供服务。尽管该公司受到疫情的严重打击，但此后运营情况显着改善，2021年第二季度的收入翻了两番。</blockquote></p><p> Fitness equipment brand<b>iFIT Health &amp; Fitness</b>(IFIT) plans to raise $600 million at a $6.4 billion market cap. iFIT is the #1 provider of large fitness equipment in the US, selling under brands including iFIT, NordicTrack, ProForm, and Freemotion. Fast growing and unprofitable, the company serves a community of over 6.1 million members and 1.5 million subscribers in over 120 countries.</p><p><blockquote>健身器材品牌<b>iFIT健康与健身</b>(IFIT)计划以64亿美元的市值筹集6亿美元。iFIT是美国排名第一的大型健身器材供应商，销售品牌包括iFIT、NordicTrack、ProForm和Freemotion。该公司发展迅速，但尚未盈利，为120多个国家的超过610万会员和150万订户提供服务。</blockquote></p><p> Proteomics platform<b>IsoPlexis</b>(ISO) plans to raise $125 million at a $648 million market cap. IsoPlexis believes its platform is the first to employ both proteomics and single cell biology to characterize and link cellular function to patient outcomes. Fast growing and highly unprofitable, the company's platform has been adopted by the top 15 global biopharmas and nearly half of the comprehensive cancer centers in the US since its commercial launch in June 2018.</p><p><blockquote>蛋白质组学平台<b>等丛</b>(ISO)计划以6.48亿美元的市值筹集1.25亿美元。IsoPlexis认为其平台是第一个同时采用蛋白质组学和单细胞生物学来表征细胞功能并将其与患者结果联系起来的平台。自2018年6月商业推出以来，该公司的平台增长迅速且利润丰厚，已被全球15大生物制药公司和美国近一半的综合癌症中心采用。</blockquote></p><p> Biotech<b>Theseus Pharmaceuticals</b>(THRX) plans to raise $125 million at a $593 million market cap. Theseus’ lead candidate is a pan-variant inhibitor of all major classes of activating/resistance mutations of the KIT kinase for of gastrointestinal stromal tumors (GIST). The company recently submitted an IND for advanced GIST and plans to initiate a Phase 1/2 trial between late 4Q21 and mid 1Q22.</p><p><blockquote>生物技术<b>忒修斯制药公司</b>(THRX)计划以5.93亿美元的市值筹集1.25亿美元。Theseus的主要候选药物是胃肠道间质瘤(GIST)KIT激酶所有主要激活/耐药突变类别的泛变体抑制剂。该公司最近提交了高级GIST的IND，并计划在2021年第四季度晚期和2022年第一季度中部之间启动1/2期试验。</blockquote></p><p> Drug developer<b>Cingulate</b>(CING) plans to raise $50 million at a $225 million market cap. Its two candidates, CTx-1301 and CTx-1302, are being developed for the treatment of ADHD. The company announced positive results from a Phase 1/2 study of CTx-1301 in October 2020, and plans to initiate Phase 3 trials in the 4Q21 with results expected in late 2022.</p><p><blockquote>药物开发人员<b>扣带</b>(CING)计划以2.25亿美元的市值筹集5000万美元。其两种候选药物CTx-1301和CTx-1302正在开发用于治疗ADHD。该公司于2020年10月宣布了CTX-1301 1/2期研究的积极结果，并计划在2021年第四季度启动3期试验，预计将于2022年底获得结果。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/610fa042e4de459e4597ed8086743234\" tg-width=\"1894\" tg-height=\"912\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/86747/US-IPO-Week-Ahead-New-issuers-work-up-a-sweat-in-a-fitness-led-5-IPO-week\">Renaissance Capital</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"THRX":"Theseus Pharmaceuticals, Inc.","ISO":"IsoPlexis Corp.","CING":"CINGULATE INC.","LTH":"Life Time Group Holdings, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/86747/US-IPO-Week-Ahead-New-issuers-work-up-a-sweat-in-a-fitness-led-5-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186540865","content_text":"In the first full week of October, five IPOs are slated to raise $1.8 billion, led by two fitness companies.\nFitness chainLife Time Group Holdings(LTH) plans to raise $901 million at a $4.1 billion market cap. Taken private in 2015, Life Time operates more than 150 \"centers\" across 29 US states and one province in Canada, serving nearly 1.4 million individual members as of 7/31/21. While the company was hit hard by the pandemic, operations have since improved dramatically, with revenue quadrupling in the 2Q21.\nFitness equipment brandiFIT Health & Fitness(IFIT) plans to raise $600 million at a $6.4 billion market cap. iFIT is the #1 provider of large fitness equipment in the US, selling under brands including iFIT, NordicTrack, ProForm, and Freemotion. Fast growing and unprofitable, the company serves a community of over 6.1 million members and 1.5 million subscribers in over 120 countries.\nProteomics platformIsoPlexis(ISO) plans to raise $125 million at a $648 million market cap. IsoPlexis believes its platform is the first to employ both proteomics and single cell biology to characterize and link cellular function to patient outcomes. Fast growing and highly unprofitable, the company's platform has been adopted by the top 15 global biopharmas and nearly half of the comprehensive cancer centers in the US since its commercial launch in June 2018.\nBiotechTheseus Pharmaceuticals(THRX) plans to raise $125 million at a $593 million market cap. Theseus’ lead candidate is a pan-variant inhibitor of all major classes of activating/resistance mutations of the KIT kinase for of gastrointestinal stromal tumors (GIST). The company recently submitted an IND for advanced GIST and plans to initiate a Phase 1/2 trial between late 4Q21 and mid 1Q22.\nDrug developerCingulate(CING) plans to raise $50 million at a $225 million market cap. Its two candidates, CTx-1301 and CTx-1302, are being developed for the treatment of ADHD. The company announced positive results from a Phase 1/2 study of CTx-1301 in October 2020, and plans to initiate Phase 3 trials in the 4Q21 with results expected in late 2022.","news_type":1,"symbols_score_info":{"CING":0.9,"ISO":0.9,"LTH":0.9,"IFIT":0.9,"THRX":0.9}},"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":812396064,"gmtCreate":1630550961558,"gmtModify":1631885167631,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/812396064","repostId":"1105808841","repostType":4,"repost":{"id":"1105808841","kind":"news","pubTimestamp":1630547089,"share":"https://www.laohu8.com/m/news/1105808841?lang=zh_CN&edition=full","pubTime":"2021-09-02 09:44","market":"hk","language":"en","title":"Hong Kong: Shares extend gains at open<blockquote>香港：股市开盘延续涨势</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105808841","media":"AFP","summary":"[HONG KONG] Hong Kong stocks began with another advance on Thursday morning as investors bide their ","content":"<p>[HONG KONG] Hong Kong stocks began with another advance on Thursday morning as investors bide their time ahead of the release of key US jobs data at the end of the week.</p><p><blockquote>【香港】香港股市周四早盘再次上涨，投资者在周末美国关键就业数据公布前等待时机。</blockquote></p><p> The Hang Seng Index rose 0.67 per cent or 175.23 points to 26,203.52.</p><p><blockquote>恒生指数上涨0.67%，即175.23点，至26,203.52点。</blockquote></p><p> The Shanghai Composite dipped 0.20 per cent or 7.20 points to 3,559.90, while the Shenzhen Composite Index on China's second exchange fell 0.22 per cent or 5.32 points to 2,412.57.</p><p><blockquote>上证综指下跌0.20%或7.20点，至3559.90点；中国第二交易所深圳综合指数下跌0.22%或5.32点，至2412.57点。</blockquote></p><p></p>","source":"lsy1605843958005","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong: Shares extend gains at open<blockquote>香港：股市开盘延续涨势</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong: Shares extend gains at open<blockquote>香港：股市开盘延续涨势</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">AFP</strong><span class=\"h-time small\">2021-09-02 09:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>[HONG KONG] Hong Kong stocks began with another advance on Thursday morning as investors bide their time ahead of the release of key US jobs data at the end of the week.</p><p><blockquote>【香港】香港股市周四早盘再次上涨，投资者在周末美国关键就业数据公布前等待时机。</blockquote></p><p> The Hang Seng Index rose 0.67 per cent or 175.23 points to 26,203.52.</p><p><blockquote>恒生指数上涨0.67%，即175.23点，至26,203.52点。</blockquote></p><p> The Shanghai Composite dipped 0.20 per cent or 7.20 points to 3,559.90, while the Shenzhen Composite Index on China's second exchange fell 0.22 per cent or 5.32 points to 2,412.57.</p><p><blockquote>上证综指下跌0.20%或7.20点，至3559.90点；中国第二交易所深圳综合指数下跌0.22%或5.32点，至2412.57点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.businesstimes.com.sg/stocks/hong-kong-shares-extend-gains-at-open-3\">AFP</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数"},"source_url":"https://www.businesstimes.com.sg/stocks/hong-kong-shares-extend-gains-at-open-3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105808841","content_text":"[HONG KONG] Hong Kong stocks began with another advance on Thursday morning as investors bide their time ahead of the release of key US jobs data at the end of the week.\nThe Hang Seng Index rose 0.67 per cent or 175.23 points to 26,203.52.\nThe Shanghai Composite dipped 0.20 per cent or 7.20 points to 3,559.90, while the Shenzhen Composite Index on China's second exchange fell 0.22 per cent or 5.32 points to 2,412.57.","news_type":1,"symbols_score_info":{"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":545,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":690369558,"gmtCreate":1639636361996,"gmtModify":1639636362257,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/690369558","repostId":"1143095001","repostType":4,"repost":{"id":"1143095001","kind":"news","pubTimestamp":1639635187,"share":"https://www.laohu8.com/m/news/1143095001?lang=zh_CN&edition=full","pubTime":"2021-12-16 14:13","market":"us","language":"en","title":"Fed heads for the exits despite Omicron. Who will follow?<blockquote>尽管有奥密克戎，美联储仍将退出。谁会跟随？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143095001","media":"Reuters","summary":"(Reuters) - The U.S. Federal Reserve didn't beat around the bush on Wednesday when it signaled that ","content":"<p>(Reuters) - The U.S. Federal Reserve didn't beat around the bush on Wednesday when it signaled that raging inflation is its biggest risk and not the potential economic damage from the fast-spreading Omicron variant.</p><p><blockquote>（路透社）-美联储周三没有拐弯抹角，暗示通胀加剧是其最大风险，而不是快速蔓延的奥密克戎变种造成的潜在经济损害。</blockquote></p><p> The Fed doubled the pace at which it will reduce its bond purchases, while new forecasts from policymakers signaled as many as three interest rate increases next year. Chair Jerome Powell then waxed enthusiastically about the strength of the U.S. job market.</p><p><blockquote>美联储将减少债券购买的速度提高了一倍，而政策制定者的新预测表明明年将加息多达三次。主席杰罗姆·鲍威尔随后对美国就业市场的强劲表现充满热情。</blockquote></p><p> \"The economy no longer needs increasing amounts of policy support,\" Powell told a news conference. \"In my view, we are making rapid progress toward maximum employment.\"</p><p><blockquote>鲍威尔在新闻发布会上表示：“经济不再需要越来越多的政策支持。”“在我看来，我们正在朝着最大限度就业的方向取得快速进展。”</blockquote></p><p> Whether any of the Fed's peers are ready to follow its lead, however, will become clear in the next 24 hours with a rapid-fire succession of meetings by the Bank of England, European Central Bank and the Bank of Japan.</p><p><blockquote>然而，随着英国央行、欧洲央行和日本央行连续召开会议，未来24小时内美联储是否准备好效仿美联储的做法将变得明朗。</blockquote></p><p> Of the three, however, only the BoE is likely to take more than a baby step in trimming the monumental support provided to its economy through the pandemic. That could set the stage for a choppy 2022 with a Fed determined to end its asset purchases as fast as possible and kick off interest rates soon after, while others will be more hesitant to shift so decisively in that direction.</p><p><blockquote>然而，在这三个国家中，只有英国央行可能会在削减疫情为其经济提供的巨大支持方面迈出不止一小步。这可能会为动荡的2022年奠定基础，美联储决心尽快结束资产购买，并在不久后启动利率，而其他国家将更加犹豫是否要如此果断地朝这个方向转变。</blockquote></p><p> The BoE could become the first of the major central banks to raise interest rates at Thursday's policy meeting, but the United Kingdom is also where friction between Omicron and way-over-target inflation is playing out most vividly.</p><p><blockquote>英国央行可能成为第一个在周四的政策会议上加息的主要央行，但英国也是奥密克戎与远超目标通胀之间摩擦最明显的地方。</blockquote></p><p> UK daily coronavirus infections are now at their highest since the earliest days of the pandemic, forcing Prime Minister Boris Johnson this week to join with opposition lawmakers in imposing new restrictions.</p><p><blockquote>英国每日冠状病毒感染人数目前处于大流行初期以来的最高水平，迫使首相鲍里斯·约翰逊本周与反对派议员一起实施新的限制。</blockquote></p><p> On the other hand, shocking data on Wednesday showed consumer price inflation at a decade-high rate and bets in financial markets on a December rate hike jumped to 60% from about a third.</p><p><blockquote>另一方面，周三令人震惊的数据显示，消费者价格通胀率达到十年来的最高水平，金融市场对12月加息的押注从约三分之一跃升至60%。</blockquote></p><p> \"There is now the real risk of inflation becoming entrenched – especially considering the signs of second-round effects in terms of rising wages, supported by a strong labour market – but this is balanced against the threat to the economic recovery from the new Omicron variant,\" said Ellie Henderson, an economist at bank Investec.</p><p><blockquote>“现在确实存在通胀根深蒂固的风险——特别是考虑到在强劲的劳动力市场的支持下，工资上涨出现了第二轮影响的迹象——但这与新奥密克戎对经济复苏的威胁是平衡的。”天达银行经济学家Ellie Henderson表示。</blockquote></p><p> Investors and economists are not expecting anything nearly as bold this week from either the ECB or BOJ.</p><p><blockquote>投资者和经济学家预计欧洲央行或日本央行本周不会做出如此大胆的举动。</blockquote></p><p> The ECB is expected to be among the last to tighten policy, and the current unusually vibrant debate is focused on whether to dial back an exceptionally generous stimulus scheme just a notch. The caution is easy to understand. The bank has undershot its inflation target for most of the past decade, so it would rather move too late than too early, fearing that a misguided policy tweak could unravel years of work.</p><p><blockquote>预计欧洲央行将是最后收紧政策的国家之一，当前异常激烈的辩论集中在是否将异常慷慨的刺激计划缩减一个档次。谨慎很容易理解。在过去十年的大部分时间里，央行都没有达到通胀目标，因此它宁愿行动太晚也不愿行动太早，担心错误的政策调整可能会毁掉多年的工作。</blockquote></p><p> The euro zone's recovery is also trailing others. The bloc is just getting back to its pre-pandemic size and the job market could take another two years to recover. Debt levels are also at record highs, particularly in the bloc's south, so any big retreat could widen the spread between German and Italian debt, raising questions about the sustainability of these debt levels.</p><p><blockquote>欧元区的复苏也落后于其他国家。欧盟刚刚恢复到大流行前的规模，就业市场可能还需要两年时间才能复苏。债务水平也处于历史高位，特别是在欧盟南部，因此任何大幅回落都可能扩大德国和意大利债务之间的利差，引发人们对这些债务水平可持续性的质疑。</blockquote></p><p> Given that the risk of moving too quick appears to far outweigh the risk of moving too slow, the ECB is likely to take only the smallest step towards removing extraordinary stimulus this week and will signal copious support, including thorough record low rates, at least through next year.</p><p><blockquote>鉴于行动过快的风险似乎远远超过行动过慢的风险，欧洲央行本周可能只会在取消非常规刺激措施方面迈出最小的一步，并将发出大量支持信号，包括彻底的创纪录低利率，至少到明年。</blockquote></p><p> In Japan, the consumer-level inflation that is tearing through other parts of the globe remains largely absent. As such, only a marginal reduction in corporate asset purchases is under discussion at Friday's BOJ meeting.</p><p><blockquote>在日本，席卷全球其他地区的消费者层面的通胀基本上仍然不存在。因此，周五的日本央行会议仅讨论了小幅减少企业资产购买。</blockquote></p><p> Even if the others are not hard on the Fed's heels, Powell and the Fed appear to have set the agenda for a tumultuous 2022 as central bankers chart their ways to the exits, albeit at dramatically different paces.</p><p><blockquote>即使其他人没有紧随美联储之后，鲍威尔和美联储似乎已经为动荡的2022年制定了议程，各国央行行长们正在规划退出的道路，尽管步伐截然不同。</blockquote></p><p> \"You saw it in his congressional remarks that were more about tightening sooner than it was about worrying about the health of the global economy,\" said Vincent Reinhart, chief economist for Dreyfuss &amp; Mellon. The Fed and other central banks are \"conveying a sense that they are heading for the exits. Modern central banking is much about managing expectations and they do not want to be seen as behind the curve.\"</p><p><blockquote>Dreyfuss&amp;Mellon首席经济学家文森特·莱因哈特(Vincent Reinhart)表示：“你可以从他的国会讲话中看到，他更多的是关于尽快收紧政策，而不是担心全球经济的健康状况。”美联储和其他央行正在“传达一种他们正在走向退出的感觉。现代央行在很大程度上是管理预期，他们不希望被视为落后于形势。”</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed heads for the exits despite Omicron. Who will follow?<blockquote>尽管有奥密克戎，美联储仍将退出。谁会跟随？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed heads for the exits despite Omicron. Who will follow?<blockquote>尽管有奥密克戎，美联储仍将退出。谁会跟随？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-16 14:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - The U.S. Federal Reserve didn't beat around the bush on Wednesday when it signaled that raging inflation is its biggest risk and not the potential economic damage from the fast-spreading Omicron variant.</p><p><blockquote>（路透社）-美联储周三没有拐弯抹角，暗示通胀加剧是其最大风险，而不是快速蔓延的奥密克戎变种造成的潜在经济损害。</blockquote></p><p> The Fed doubled the pace at which it will reduce its bond purchases, while new forecasts from policymakers signaled as many as three interest rate increases next year. Chair Jerome Powell then waxed enthusiastically about the strength of the U.S. job market.</p><p><blockquote>美联储将减少债券购买的速度提高了一倍，而政策制定者的新预测表明明年将加息多达三次。主席杰罗姆·鲍威尔随后对美国就业市场的强劲表现充满热情。</blockquote></p><p> \"The economy no longer needs increasing amounts of policy support,\" Powell told a news conference. \"In my view, we are making rapid progress toward maximum employment.\"</p><p><blockquote>鲍威尔在新闻发布会上表示：“经济不再需要越来越多的政策支持。”“在我看来，我们正在朝着最大限度就业的方向取得快速进展。”</blockquote></p><p> Whether any of the Fed's peers are ready to follow its lead, however, will become clear in the next 24 hours with a rapid-fire succession of meetings by the Bank of England, European Central Bank and the Bank of Japan.</p><p><blockquote>然而，随着英国央行、欧洲央行和日本央行连续召开会议，未来24小时内美联储是否准备好效仿美联储的做法将变得明朗。</blockquote></p><p> Of the three, however, only the BoE is likely to take more than a baby step in trimming the monumental support provided to its economy through the pandemic. That could set the stage for a choppy 2022 with a Fed determined to end its asset purchases as fast as possible and kick off interest rates soon after, while others will be more hesitant to shift so decisively in that direction.</p><p><blockquote>然而，在这三个国家中，只有英国央行可能会在削减疫情为其经济提供的巨大支持方面迈出不止一小步。这可能会为动荡的2022年奠定基础，美联储决心尽快结束资产购买，并在不久后启动利率，而其他国家将更加犹豫是否要如此果断地朝这个方向转变。</blockquote></p><p> The BoE could become the first of the major central banks to raise interest rates at Thursday's policy meeting, but the United Kingdom is also where friction between Omicron and way-over-target inflation is playing out most vividly.</p><p><blockquote>英国央行可能成为第一个在周四的政策会议上加息的主要央行，但英国也是奥密克戎与远超目标通胀之间摩擦最明显的地方。</blockquote></p><p> UK daily coronavirus infections are now at their highest since the earliest days of the pandemic, forcing Prime Minister Boris Johnson this week to join with opposition lawmakers in imposing new restrictions.</p><p><blockquote>英国每日冠状病毒感染人数目前处于大流行初期以来的最高水平，迫使首相鲍里斯·约翰逊本周与反对派议员一起实施新的限制。</blockquote></p><p> On the other hand, shocking data on Wednesday showed consumer price inflation at a decade-high rate and bets in financial markets on a December rate hike jumped to 60% from about a third.</p><p><blockquote>另一方面，周三令人震惊的数据显示，消费者价格通胀率达到十年来的最高水平，金融市场对12月加息的押注从约三分之一跃升至60%。</blockquote></p><p> \"There is now the real risk of inflation becoming entrenched – especially considering the signs of second-round effects in terms of rising wages, supported by a strong labour market – but this is balanced against the threat to the economic recovery from the new Omicron variant,\" said Ellie Henderson, an economist at bank Investec.</p><p><blockquote>“现在确实存在通胀根深蒂固的风险——特别是考虑到在强劲的劳动力市场的支持下，工资上涨出现了第二轮影响的迹象——但这与新奥密克戎对经济复苏的威胁是平衡的。”天达银行经济学家Ellie Henderson表示。</blockquote></p><p> Investors and economists are not expecting anything nearly as bold this week from either the ECB or BOJ.</p><p><blockquote>投资者和经济学家预计欧洲央行或日本央行本周不会做出如此大胆的举动。</blockquote></p><p> The ECB is expected to be among the last to tighten policy, and the current unusually vibrant debate is focused on whether to dial back an exceptionally generous stimulus scheme just a notch. The caution is easy to understand. The bank has undershot its inflation target for most of the past decade, so it would rather move too late than too early, fearing that a misguided policy tweak could unravel years of work.</p><p><blockquote>预计欧洲央行将是最后收紧政策的国家之一，当前异常激烈的辩论集中在是否将异常慷慨的刺激计划缩减一个档次。谨慎很容易理解。在过去十年的大部分时间里，央行都没有达到通胀目标，因此它宁愿行动太晚也不愿行动太早，担心错误的政策调整可能会毁掉多年的工作。</blockquote></p><p> The euro zone's recovery is also trailing others. The bloc is just getting back to its pre-pandemic size and the job market could take another two years to recover. Debt levels are also at record highs, particularly in the bloc's south, so any big retreat could widen the spread between German and Italian debt, raising questions about the sustainability of these debt levels.</p><p><blockquote>欧元区的复苏也落后于其他国家。欧盟刚刚恢复到大流行前的规模，就业市场可能还需要两年时间才能复苏。债务水平也处于历史高位，特别是在欧盟南部，因此任何大幅回落都可能扩大德国和意大利债务之间的利差，引发人们对这些债务水平可持续性的质疑。</blockquote></p><p> Given that the risk of moving too quick appears to far outweigh the risk of moving too slow, the ECB is likely to take only the smallest step towards removing extraordinary stimulus this week and will signal copious support, including thorough record low rates, at least through next year.</p><p><blockquote>鉴于行动过快的风险似乎远远超过行动过慢的风险，欧洲央行本周可能只会在取消非常规刺激措施方面迈出最小的一步，并将发出大量支持信号，包括彻底的创纪录低利率，至少到明年。</blockquote></p><p> In Japan, the consumer-level inflation that is tearing through other parts of the globe remains largely absent. As such, only a marginal reduction in corporate asset purchases is under discussion at Friday's BOJ meeting.</p><p><blockquote>在日本，席卷全球其他地区的消费者层面的通胀基本上仍然不存在。因此，周五的日本央行会议仅讨论了小幅减少企业资产购买。</blockquote></p><p> Even if the others are not hard on the Fed's heels, Powell and the Fed appear to have set the agenda for a tumultuous 2022 as central bankers chart their ways to the exits, albeit at dramatically different paces.</p><p><blockquote>即使其他人没有紧随美联储之后，鲍威尔和美联储似乎已经为动荡的2022年制定了议程，各国央行行长们正在规划退出的道路，尽管步伐截然不同。</blockquote></p><p> \"You saw it in his congressional remarks that were more about tightening sooner than it was about worrying about the health of the global economy,\" said Vincent Reinhart, chief economist for Dreyfuss &amp; Mellon. The Fed and other central banks are \"conveying a sense that they are heading for the exits. Modern central banking is much about managing expectations and they do not want to be seen as behind the curve.\"</p><p><blockquote>Dreyfuss&amp;Mellon首席经济学家文森特·莱因哈特(Vincent Reinhart)表示：“你可以从他的国会讲话中看到，他更多的是关于尽快收紧政策，而不是担心全球经济的健康状况。”美联储和其他央行正在“传达一种他们正在走向退出的感觉。现代央行在很大程度上是管理预期，他们不希望被视为落后于形势。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/fed-heads-exits-despite-omicron-060632193.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/fed-heads-exits-despite-omicron-060632193.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143095001","content_text":"(Reuters) - The U.S. Federal Reserve didn't beat around the bush on Wednesday when it signaled that raging inflation is its biggest risk and not the potential economic damage from the fast-spreading Omicron variant.\nThe Fed doubled the pace at which it will reduce its bond purchases, while new forecasts from policymakers signaled as many as three interest rate increases next year. Chair Jerome Powell then waxed enthusiastically about the strength of the U.S. job market.\n\"The economy no longer needs increasing amounts of policy support,\" Powell told a news conference. \"In my view, we are making rapid progress toward maximum employment.\"\nWhether any of the Fed's peers are ready to follow its lead, however, will become clear in the next 24 hours with a rapid-fire succession of meetings by the Bank of England, European Central Bank and the Bank of Japan.\nOf the three, however, only the BoE is likely to take more than a baby step in trimming the monumental support provided to its economy through the pandemic. That could set the stage for a choppy 2022 with a Fed determined to end its asset purchases as fast as possible and kick off interest rates soon after, while others will be more hesitant to shift so decisively in that direction.\nThe BoE could become the first of the major central banks to raise interest rates at Thursday's policy meeting, but the United Kingdom is also where friction between Omicron and way-over-target inflation is playing out most vividly.\nUK daily coronavirus infections are now at their highest since the earliest days of the pandemic, forcing Prime Minister Boris Johnson this week to join with opposition lawmakers in imposing new restrictions.\nOn the other hand, shocking data on Wednesday showed consumer price inflation at a decade-high rate and bets in financial markets on a December rate hike jumped to 60% from about a third.\n\"There is now the real risk of inflation becoming entrenched – especially considering the signs of second-round effects in terms of rising wages, supported by a strong labour market – but this is balanced against the threat to the economic recovery from the new Omicron variant,\" said Ellie Henderson, an economist at bank Investec.\nInvestors and economists are not expecting anything nearly as bold this week from either the ECB or BOJ.\nThe ECB is expected to be among the last to tighten policy, and the current unusually vibrant debate is focused on whether to dial back an exceptionally generous stimulus scheme just a notch. The caution is easy to understand. The bank has undershot its inflation target for most of the past decade, so it would rather move too late than too early, fearing that a misguided policy tweak could unravel years of work.\nThe euro zone's recovery is also trailing others. The bloc is just getting back to its pre-pandemic size and the job market could take another two years to recover. Debt levels are also at record highs, particularly in the bloc's south, so any big retreat could widen the spread between German and Italian debt, raising questions about the sustainability of these debt levels.\nGiven that the risk of moving too quick appears to far outweigh the risk of moving too slow, the ECB is likely to take only the smallest step towards removing extraordinary stimulus this week and will signal copious support, including thorough record low rates, at least through next year.\nIn Japan, the consumer-level inflation that is tearing through other parts of the globe remains largely absent. As such, only a marginal reduction in corporate asset purchases is under discussion at Friday's BOJ meeting.\nEven if the others are not hard on the Fed's heels, Powell and the Fed appear to have set the agenda for a tumultuous 2022 as central bankers chart their ways to the exits, albeit at dramatically different paces.\n\"You saw it in his congressional remarks that were more about tightening sooner than it was about worrying about the health of the global economy,\" said Vincent Reinhart, chief economist for Dreyfuss & Mellon. The Fed and other central banks are \"conveying a sense that they are heading for the exits. Modern central banking is much about managing expectations and they do not want to be seen as behind the curve.\"","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":994,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":844116551,"gmtCreate":1636410479132,"gmtModify":1636410479407,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/844116551","repostId":"1167474610","repostType":4,"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868171243,"gmtCreate":1632624205682,"gmtModify":1632650459578,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/868171243","repostId":"2170614164","repostType":4,"isVote":1,"tweetType":1,"viewCount":432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":167074895,"gmtCreate":1624241066517,"gmtModify":1634009046735,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/167074895","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":878616072,"gmtCreate":1637189158472,"gmtModify":1637189158562,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878616072","repostId":"1140009260","repostType":4,"repost":{"id":"1140009260","kind":"news","pubTimestamp":1637163252,"share":"https://www.laohu8.com/m/news/1140009260?lang=zh_CN&edition=full","pubTime":"2021-11-17 23:34","market":"us","language":"en","title":"Biden asks FTC to redouble probe of possible 'illegal conduct' by oil, gas companies<blockquote>拜登要求联邦贸易委员会加倍调查石油和天然气公司可能的“非法行为”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140009260","media":"Reuters","summary":"U.S. President Joe Biden on Wednesday said there was mounting evidence of anti-consumer behavior by ","content":"<p>U.S. President Joe Biden on Wednesday said there was mounting evidence of anti-consumer behavior by oil and gas companies and asked the Federal Trade Commission to dig deeper into possible anti-competitive or \"illegal conduct\" in the market.</p><p><blockquote>美国总统拜登周三表示，越来越多的证据表明石油和天然气公司存在反消费者行为，并要求联邦贸易委员会更深入地调查市场上可能存在的反竞争或“非法行为”。</blockquote></p><p> Biden in August already asked the FTC to investigate possible illegal conduct causing the spike in gas prices, but said further action was needed since prices had continued to rise at the pump.</p><p><blockquote>拜登八月份已经要求联邦贸易委员会调查可能导致天然气价格飙升的非法行为，但表示由于加油站价格持续上涨，需要采取进一步行动。</blockquote></p><p> \"I do not accept hard-working Americans paying more for gas because of anti-competitive or otherwise potentially illegal conduct,\" Biden said in a letter to FTC Chair Lina Khan on Wednesday. \"I therefore ask that the Commission further examine what is happening with oil and gas markets, and that you bring all of the Commission's tools to bear if you uncover any wrongdoing.\"</p><p><blockquote>拜登周三在给联邦贸易委员会主席莉娜·汗的信中表示：“我不接受辛勤工作的美国人因反竞争或其他潜在的非法行为而支付更多天然气费用。”“因此，我要求委员会进一步审查石油和天然气市场正在发生的情况，如果发现任何不当行为，请使用委员会的所有工具。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden asks FTC to redouble probe of possible 'illegal conduct' by oil, gas companies<blockquote>拜登要求联邦贸易委员会加倍调查石油和天然气公司可能的“非法行为”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden asks FTC to redouble probe of possible 'illegal conduct' by oil, gas companies<blockquote>拜登要求联邦贸易委员会加倍调查石油和天然气公司可能的“非法行为”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-17 23:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. President Joe Biden on Wednesday said there was mounting evidence of anti-consumer behavior by oil and gas companies and asked the Federal Trade Commission to dig deeper into possible anti-competitive or \"illegal conduct\" in the market.</p><p><blockquote>美国总统拜登周三表示，越来越多的证据表明石油和天然气公司存在反消费者行为，并要求联邦贸易委员会更深入地调查市场上可能存在的反竞争或“非法行为”。</blockquote></p><p> Biden in August already asked the FTC to investigate possible illegal conduct causing the spike in gas prices, but said further action was needed since prices had continued to rise at the pump.</p><p><blockquote>拜登八月份已经要求联邦贸易委员会调查可能导致天然气价格飙升的非法行为，但表示由于加油站价格持续上涨，需要采取进一步行动。</blockquote></p><p> \"I do not accept hard-working Americans paying more for gas because of anti-competitive or otherwise potentially illegal conduct,\" Biden said in a letter to FTC Chair Lina Khan on Wednesday. \"I therefore ask that the Commission further examine what is happening with oil and gas markets, and that you bring all of the Commission's tools to bear if you uncover any wrongdoing.\"</p><p><blockquote>拜登周三在给联邦贸易委员会主席莉娜·汗的信中表示：“我不接受辛勤工作的美国人因反竞争或其他潜在的非法行为而支付更多天然气费用。”“因此，我要求委员会进一步审查石油和天然气市场正在发生的情况，如果发现任何不当行为，请使用委员会的所有工具。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/energy/biden-asks-ftc-redouble-probe-possible-illegal-conduct-by-oil-gas-companies-2021-11-17/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/business/energy/biden-asks-ftc-redouble-probe-possible-illegal-conduct-by-oil-gas-companies-2021-11-17/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140009260","content_text":"U.S. President Joe Biden on Wednesday said there was mounting evidence of anti-consumer behavior by oil and gas companies and asked the Federal Trade Commission to dig deeper into possible anti-competitive or \"illegal conduct\" in the market.\nBiden in August already asked the FTC to investigate possible illegal conduct causing the spike in gas prices, but said further action was needed since prices had continued to rise at the pump.\n\"I do not accept hard-working Americans paying more for gas because of anti-competitive or otherwise potentially illegal conduct,\" Biden said in a letter to FTC Chair Lina Khan on Wednesday. \"I therefore ask that the Commission further examine what is happening with oil and gas markets, and that you bring all of the Commission's tools to bear if you uncover any wrongdoing.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":828937470,"gmtCreate":1633831511773,"gmtModify":1633831511834,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/828937470","repostId":"1194780749","repostType":4,"isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":814691245,"gmtCreate":1630810238487,"gmtModify":1631885167582,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/814691245","repostId":"1194566233","repostType":4,"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}