Markets

Biohaven launched a global Phase 2/3 trial for BHV-8000, a first-in-clinic, brain-penetrant TYK2/JAK1 inhibitor, targeting neuroinflammation in Parkinson’s disease. The drug aims to address the underlying cause of disease progression, with no existing disease-modifying therapies currently available. The trial will enroll 550 patients across 13 countries to assess efficacy and safety, utilizing innovative endpoints. BHV-8000 has shown safety and tolerability, with robust brain penetration, representing a potential breakthrough in treating neurodegenerative diseases.

A young woman in Jiangsu province, known for raising her siblings, has been hired by JD.com. The e-commerce giant offered her a full-time delivery rider position with full social insurance and housing benefits, stabilizing her life. This aligns with JD’s recent initiative to offer comprehensive benefits to delivery personnel, reflecting founder’s vision of prioritizing employee well-being.

The NAND flash market faced a tough Q1 2025, with a 15% ASP drop and 7% shipment decline due to inventory pressure and weak demand. The top five suppliers’ combined revenue fell nearly 24%. Samsung led, but revenue decreased by 25%. Micron rose to third despite ASP drops. Despite the downturn, a rebound of about 10% in sequential revenue is anticipated in Q2.

Ping An is showcasing its Mother’s Needlework program at London Craft Week 2025, highlighting the traditional embroidery and carpet-making skills of ethnic minority women in China. This initiative preserves cultural heritage while empowering women economically through sustainable production. The program uses recycled materials and traditional designs for eco-friendly products, promoting community development and aligning with the demand for sustainable fashion.

JD.com launched the “Hong Jing Program,” an enhanced partnership with Xiaohongshu, building on the success of the “Xiao Hong Meng” initiative. This program integrates the platforms to create direct-to-purchase pathways, including a “Planting Grass Direct” advertising feature. The goal is to guide users from content discovery on Xiaohongshu to purchases on JD.com, streamlining the buying process and boosting sales, leveraging successful metrics from the initial collaboration. This initiative focuses on streamlined traffic flow, improved data integration, and expanded collaboration.

At ICRA in Atlanta, a Chinese company debuted its advanced tactile-sensing technology, DM-Tac W and DM-Hand1, attracting attention from experts. The sensors, featuring high-resolution visual-tactile capabilities, enable robots to perform complex tasks like adaptive grasping and handling fragile objects. Based on research from HKUST, the company’s innovation marks the first large-scale export of Chinese visual-tactile products.

ByteDance, TikTok’s parent company, is restricting internal use of third-party AI tools like Cursor and Windsurf starting June 30th to mitigate data leakage risks. The company will prioritize its in-house assistant, Trae. This move, prompted by security concerns related to individual employee accounts and regional availability issues, is not a complete ban. Approved tools meeting compliance standards can still be requested and utilized after undergoing assessments.

TotalEnergies will sell its 12.5% stake in Nigeria’s OML118 PSC to Shell for $510 million to focus on lower-emission assets. The OML118 asset includes the Bonga field, with the sale expected to reduce TotalEnergies’ Nigerian output by approximately 11,000 barrels of oil equivalent per day in 2024. This move aligns with TotalEnergies’ strategy to streamline its portfolio and concentrate on existing gas and offshore oil projects, including the Ubeta project.

India has surpassed Japan to become the world’s fourth-largest economy, according to the NITI Aayog. Driven by a robust 6.5% growth rate, the economy now exceeds $4 trillion. Government officials project India will be the third-largest economy in three years. This milestone aligns with the nation’s ambition to become a developed country by 2047.

DJI has secured a prime Shenzhen location for its global headquarters, winning the bidding for land in the super-headquarters zone for ¥2.287 billion. The facility, spanning 15,657.68 square meters, is slated to foster an intelligent aviation ecosystem and will exclusively house DJI and its affiliates for 30 years. The project is expected to generate substantial annual output and tax revenue, further solidifying DJI’s position in the global market.