Leadership Changes at PwC Asia Pacific and China Region Dual Delisting Overnight Bitcoin Slumps Below 60000 Breakfast

—Domestic—
01
Difficult graduate students in Beijing can apply for one-time job-seeking subsidy
According to the news released by Beijing on July 3, the Beijing Municipal Human Resources and Social Security Bureau, the Beijing Municipal Education Commission, and the Beijing Municipal Finance Bureau jointly issued the “Notice on the Work of Issuing One-time Job-seeking Subsidies for Graduates in Beijing” (hereinafter referred to as the “Notice”). The “Notice” specifies that difficult graduate students in Beijing’s colleges and universities who meet the conditions can apply for a one-time job-seeking subsidy of 1000 yuan in the year of graduation to help graduates better achieve employment and entrepreneurship. The Beijing Municipal Human Resources and Social Security Bureau issued a warm reminder that the application for 2025 graduates will be launched soon, so please pay attention to the relevant notices of the college in a timely manner.
02
Gas explosion in a store in Nanyang, Henan, injuring 20 people
The Nanyang High-tech Zone Management Committee reported that at 12:47 on July 3, 2024, a gas explosion occurred in a store in the Zhaoying community of the High-tech Zone, Nanyang City. The public security, fire protection, urban management, health, and emergency departments rushed to the scene for rescue and disposal. The accident caused 3 serious injuries, 3 moderate injuries, 7 minor injuries, and 7 minor injuries, all of whom were promptly sent to the hospital for treatment. At present, the 7 people with minor injuries have returned home after outpatient treatment at the hospital, and the remaining injured are being treated with all efforts.
According to a preliminary on-site investigation, the accident was caused by damage to the gas pipeline during the maintenance and construction of the residential area’s tap water pipeline by the property company, which caused a gas leak and subsequent explosion. The specific cause of the accident is under further investigation.
03
PwC changes leadership in the Asia-Pacific and China region
PwC has completed a change in leadership in the Asia-Pacific and China region. On July 3, the Beijing Business Daily learned from PwC China’s official website that Li Dan was appointed as the Chairman of PwC Asia-Pacific and China.
04
Two companies delist overnight
According to the China Fund News, on the evening of July 3, two listed companies announced the progress of their delisting due to the situation of touching the face value. ST Yangguang announced that the Shanghai Stock Exchange has made a decision to delist the company’s stocks, and the company’s stocks will be delisted and removed from the listing on July 10. ST Changkang announced that the company received a “Pre-notification Letter” issued by the Shenzhen Stock Exchange, indicating that the Shenzhen Stock Exchange intends to terminate the company’s stock trading.
05
10.5 tons of problematic duck intestine products recalled
According to the Beijing News, in response to the report on the dirty and disorderly environment in the duck intestine workshop of Shandong Yashixiang Meat Products Co., Ltd., on July 3, the joint working group of Zhanhua District, Binzhou City, Shandong Province responded to the investigation and disposal of the situation. In response to the irregular production and poor hygiene environment of the company, relevant departments filed cases and issued notices of rectification and advance notice of administrative penalties in accordance with the law and regulations, and made the maximum penalty. As of now, 10.5 tons of duck intestine products have been recalled. Although the products passed the random inspection, due to the irregularities in the production process, the company has carried out harmless treatment for the recalled duck intestines.
—International—
01
Bitcoin falls below $60,000
Bitcoin has experienced another sharp drop. On July 3, Beijing time, the Beijing Business Daily noticed that Bitcoin staged a sharp drop, successively falling below $63,000, $62,000, and $61,000, and once fell below $60,000. As of 19:38, the latest price of Bitcoin was $60,194, a decrease of 3.13% on the day and nearly 15% month-on-month.


02
Biden calls for Novo Nordisk to reduce the price of weight-loss drugs
According to CCTV Finance, on July 2nd local time, US President Biden published a commentary in USA Today, calling on the Danish pharmaceutical giant Novo Nordisk to significantly reduce the prices of Novo Nordisk and Novo Nordisk for the treatment of diabetes and obesity. A study found that compared to the high selling price, the production cost of these drugs is almost negligible. For the treatment of obesity, American patients have to pay more than $1,000 in prescription drug costs per month, while the monthly production cost per patient is less than $5, and less than $57 per year. This is unacceptable. As of now, Novo Nordisk has not responded.


03
Google’s carbon emissions surge nearly 50% in five years
According to CCTV Finance, on July 2nd local time, a recent annual environmental report released by the tech giant Google showed that due to the integration of artificial intelligence into many of its core products, Google’s greenhouse gas emissions reached 14.3 million tons of carbon equivalent in 2023, an increase of 48% from the 2019 baseline level and 13% from 2022, making it difficult for the company to achieve its goal of “net zero emissions” by 2030.


Editor: Zhuo Yang
Source: Beijing Business Daily, CCTV Finance, Beijing Release, China Fund News, Beijing News, etc.
Image source: Beijing Business Daily, Weibo@CCTV Finance Video Screenshot, etc.