News

Market news: The European Union has imposed sanctions on five individuals who support Russia's military industry.

The Spanish government has stated that if Italy does not lift its border control measures against travelers from Spain by August 9, Spain will take corresponding countermeasures.

According to Interfax news agency, the Russian Ministry of Defense stated that three ships were sunk near Odessa and Chormorsk in Ukraine.

The Securities and Exchange Commission of India has suspended annual inspections of compliant entities.

Market news: Wildberry, a Russian company, said it will open a new "partner hub" for cargo storage despite being targeted by a Ukrainian drone attack.

Hungarian Prime Minister Majol: The situation at the Pax nuclear power plant remains difficult.

Hungarian Prime Minister Majol: Electricity consumption does not require voluntary cuts, and energy supply is stable.

According to the Kremlin, Russian President Vladimir Putin met with permanent members of the Security Council to discuss additional measures to strengthen counterterrorism security for infrastructure.

Hungarian Prime Minister Majol: Due to rainfall in Austria, the Danube River level is expected to rise temporarily.

According to US media reports, the Republican Party plans to use its first-ever midterm election convention in Dallas to launch a full-scale offensive targeting prime-time television broadcasts. The core argument is that the Democratic Party has been hijacked by its radical left. With President Trump's approval rating falling to the 30% range and the ongoing war in Iraq continuing to drag down the economy, the Republican Party does not want the November 3rd midterm election to be merely a "referendum on President Trump's performance." The Republican Party is actually planning a "but they're worse" campaign strategy, targeting the rising left wing of the Democratic Party and socialist tendencies. At its midterm election convention held at the American Airlines Center in Dallas on September 9-10, the Republican Party will repeatedly showcase the image of progressive politicians and activists. The Republican team has spent months collecting video footage of Democratic figures, including left-wing commentator Hassan Peake and Texas Senate candidate James Tallarico, and plans to play this content during the convention to portray the Democratic Party as "out of the mainstream." "The video archive is virtually endless," said one conference organizer.Hassan Peake is a prominent American left-wing political commentator with a large following among young people on platforms like Twitch and YouTube. Peake's biggest controversy lies in his strong anti-American foreign policy stance and fierce criticism of Israel policy, leading conservatives to accuse him of being a "radical leftist" and hostile towards Israel.James Tarariko's biggest controversy lies in his support for progressive issues (such as transgender rights, lenient immigration policies, and public education reform). Republicans have dug up his past remarks on gender and identity politics—"God is nonbinary."

Commerzbank: Zinc prices are expected to reach $3,500 per ton by the end of the year.

Commerzbank: Lowered its year-end nickel price forecast to $17,000 per ton.

JPMorgan Chase raised its price target for Cloudflare (NET.N) from $145 to $350.

According to filings with the U.S. Securities and Exchange Commission (SEC), Alphabet (GOOG.O) reported holding 551.2 million Class A shares of SpaceX (SPCX.O).

A Reuters/Ipsos poll shows that 60% of independent voters support the U.S. government providing healthcare to all Americans.

According to the Financial Times, Jane Street is in talks to transfer $11 billion in debt to investors.

Kremlin: Russian President Vladimir Putin speaks by phone with the President of the United Arab Emirates to discuss Middle East affairs.

Polls, economic indicators, and feedback from those close to Trump suggest that the latter is facing increasing political pressure for his second term. Some longtime supporters worry that he is being bogged down by a “war that shouldn’t have been started,” unpopular tariff policies, and energy-consuming monumental construction projects. A Quinnipiac University poll last week showed Trump’s approval rating plummeting to a record low of 32%; 68% of voters believe he is not paying enough attention to the real problems facing ordinary Americans. Meanwhile, the Republican Party’s long-standing advantage on economic issues is waning, with recent polls showing voters divided on the two parties’ ability to handle economic problems. Reports indicate that Trump is currently focusing heavily on “legacy projects” such as White House renovations and monumental construction. Insiders say these issues are distracting him from low approval ratings and economic pressure, weakening some of his support base. Republican insiders also complain that Trump’s reluctance to invest the approximately $400 million accumulated by his super PAC, “Make America Great Again” (MAGA), has led to a decline in the morale of some donors. With the midterm elections approaching, there are concerns within the Republican Party that Trump could cause a loss in the House of Representatives and even the Senate. Some within the party wanted him to shift his focus to the cost of living and the economy, but Trump showed no willingness to change course. Furthermore, Trump recently pushed for the "Save America Act," which would require a nationwide citizenship certificate, but Republicans believe the bill has little chance of passing the Senate. Trump continues to publicly criticize Republican lawmakers who do not support the bill. Privately, Republicans believe Trump's governing style—including his stubborn insistence on personal agendas and difficulty in adjusting policy priorities—is exacerbating election risks. One insider stated that the summer of a president's sixth year in office is often the most difficult political period.

TD Cowen raised its target price for ExxonMobil (XOM.N) from $155 to $168.

US President Trump: Artificial intelligence is many times bigger than the internet.