US lawmakers press Trump administration to enforce Biden-era rule scrutinizing advanced chip orders from Chinese firms. Concerns rise over loopholes exploited by companies like Sophgo and Huawei, potentially aiding China's tech advancement.
CXMT Corp. debuted on the Shanghai exchange with a staggering 466% surge, reaching 49 yuan. The semiconductor giant raised 57.92 billion yuan, marking the largest mainland Chinese offering and boosting its market cap to 3.3 trillion yuan.
Lululemon reports sales growth but anticipates tariff impact, revising revenue expectations. China growth is strong. Margins improved. Stock price affected by tariff concerns.
The company claims its “Super e-Platform” is the fastest charging system of its type for mass-market cars, capable of delivering enough power to its vehicles to travel 292 miles within just five minutes, a tad longer than it takes to fill up a tank of gas.
China’s Commerce Ministry also put PVH Corp. (PVH-3.58%), which owns fashion brands Calvin Klein and Tommy Hilfiger, and biotechnology form Illumina (ILMN+0.53%) on its “unreliable entity” list.
