Category: Flash News

On February 12th, US President Trump authorized a government efficiency team led by Musk to review the spending of the US Department of Defense, sparking public attention in the United States. As the department with the largest budget allocation but the most opaque expenditure in the current US government, the Pentagon has never passed a financial audit, and even the US media has constantly criticized the huge expenditure black hole behind it.

On February 12th, Gilead Science reported a fourth quarter revenue of $7.57 billion, with analysts expecting $7.13 billion; Q4 revenue of $7.57 billion, analysts expect $7.13 billion; Veklury’s revenue for the fourth quarter was $337 million, with analysts expecting $380.1 million; Trodelvy’s revenue for the fourth quarter was $355 million, with analysts expecting $321.5 million. The company expects an adjusted EPS of $7.7-8.1 for 2025, while analysts expect $7.54; The company expects product sales to reach 28.2-28.6 billion US dollars in 2025, with analysts expecting 28.07 billion US dollars; The company expects Veklury’s revenue to be $1.4 billion by 2025.

On February 12th, four years ago, former US Treasury Secretary Lawrence Summers accused US fiscal and monetary policy makers of excessive stimulus, which could trigger the largest inflation surge in a generation. Four years later, he warned of the danger of price pressure erupting again. Since the serious inflation caused by policy mistakes in 2021, this may be the most sensitive moment for inflation escalation, “Summers said in an interview with David Westin on Bloomberg TV’s” Wall Street Week “program. Now is the moment when we must be very cautious about inflation, even before you see the policies introduced by the White House. He urged the Federal Reserve to remain vigilant about price pressures and believed that there may not be further interest rate cuts in the current cycle.

On February 12th, the Federal Reserve’s Williams stated that it expects GDP to grow by 2% in 2025 and 2026, and the US economy is in good condition. Due to the influence of government policies, the economic outlook is highly uncertain. The unemployment rate in the United States should be maintained between 4% and 4.25%. The Federal Reserve has made significant progress in reducing inflation; Monetary policy is fully prepared to achieve the Federal Reserve’s goals; Moderately restrictive policies should be able to reduce the inflation rate to 2%; It is expected that inflation will remain at around 2.5% this year and reach 2% in the coming years.

On February 12th, the Matthew effect in the payment industry has become increasingly severe, from being sent out to actively contracting. Since 2025, the licenses of three non bank payment institutions have been officially cancelled, and the number of existing licensed institutions has further shrunk from a peak of 271 to 172. The competitive situation is still intensifying. At the same time, cross-border payments have become a new arena for existing licensed institutions, attracting various players to compete for positions. According to research conducted by Broadcom Consulting, top domestic payment institutions have formed a snowball effect in their business by leveraging their first mover advantage. Cross border payment merchants have become concentrated in the hands of top payment institutions and their service providers. (Shanghai Stock News)

On February 12th, Howard Lutnik, the Commerce Secretary nominated by US President Donald Trump, stated that the United States may use “trade tools” to retaliate against European environmental, social, and governance (ESG) regulations that affect American companies. Lutnik refers to the Corporate Sustainability Due Diligence Directive (CSDDD). He told Republican senators last month that he was concerned about the extent to which the ESG regulations set by Brussels would affect American businesses.

On February 12th, JPMorgan Chase’s trading revenue and investment banking revenue in the first quarter may both achieve growth of over 10%, as volatility and capital market recovery continue to benefit Wall Street. Chief Operating Officer Jenn Piepszak stated at a conference hosted by Bank of America on Tuesday that, in percentage terms, transaction revenue may increase by “low double digits” year-on-year, while investment banking revenue may increase by “medium double digits”.

On February 12th, a joint opinion poll released by Reuters and Ipsos Group on February 11th showed that 74% of American respondents expressed opposition to Trump’s idea of the US “taking over” Gaza and expelling Palestinians living there. It is reported that this public opinion survey was conducted from February 7th to 9th, with a margin of error of 4 percentage points. US President Trump has repeatedly expressed his hope that the United States will “take over” and “permanently own” the Gaza Strip, and that Palestinians currently residing in the Gaza Strip should be relocated to other countries for resettlement.

On February 12th, an Israeli official stated that Israel hopes the Palestinian Islamic Resistance Movement (Hamas) will release all nine remaining living Israeli detainees from the first phase of the Gaza ceasefire agreement in the coming days. The official also stated that Israel will not continue negotiations on the second phase of the ceasefire agreement until the nine Israeli detainees mentioned above are released.

On February 12th, the US Treasury Department reduced the tender size of some benchmark Treasury bonds, which may be the beginning of a series of cuts as the government retains its borrowing authority based on the statutory debt ceiling. The US Treasury Department announced that it plans to issue $90 billion worth of 4-cycle Treasury bonds on Thursday, a decrease of $5 billion from the previous issuance limit. The US Treasury Department also announced that it will issue $85 billion in 8-cycle Treasury bonds on Thursday, a reduction of $5 billion in size. The size of the 17 cycle Treasury bonds to be issued on Wednesday decreased to $62 billion, a decrease of $2 billion. This is the first reduction in the issuance scale of the 4th and 8th cycles since December 26th, and also the first reduction in the history of the 17th cycle.