Flash News

TREE NEWS update: China handed over 300,000 doses of veterinary vaccines to Pakistan at a ceremony at the National Agricultural Research Centre in Islamabad on Tuesday, fulfilling a 2025 agreement. Coordinated by China’s Ministry of Agriculture and Rural Affairs, the vaccines target lumpy skin disease and brucellosis in cattle. The doses had already arrived in Islamabad.

TREE NEWS reports: Snowflake shares jumped over 24% in premarket trading after the company reported a “healthy” earnings report and showed momentum in AI coding. The strong results signal robust demand for its data cloud services amid growing AI adoption.

TREE NEWS reports: Broadcom shares dropped over 2% in premarket trading after the company projected Q4 revenue below market expectations. The semiconductor giant’s weaker-than-anticipated outlook weighed on investor sentiment, reflecting softer demand trends.

TREE NEWS update: China’s State Administration for Market Regulation has approved the first special medical formula for patients over one year old with phenylketonuria (PKU), a rare disease. The amino acid component food, now registered, fills a domestic gap in nutrition for rare disease patients.

TREE NEWS update: China’s National Disease Control and Prevention Administration said COVID-19 cases nationwide have declined for three consecutive weeks, while influenza remains at a low epidemic level. At a press conference, spokesperson Xi Jingjing noted that dengue and chikungunya are still circulating as mosquito vectors remain active in southern provinces. Intestinal infectious diseases are also at a relatively low level.

TREE NEWS update: China’s central bank reported that total assets of the financial industry stood at 562.2 trillion yuan (about $78 trillion) at the end of Q2 2026, up 7.7% year-on-year. Banking assets rose 6.6% to 497.98 trillion yuan, securities firms surged 29.8% to 20.37 trillion yuan, and insurance assets grew 11.8% to 43.86 trillion yuan.

TREE NEWS reports: Predict.fun shows a 75% probability that DK defeats BFX in today’s LCK playoff lower bracket match. The best-of-five series starts at 4 PM, with the winner facing KT tomorrow and the loser eliminated from the season. DK was swept 0-3 by KT in the first round, while BFX lost 2-3 to T1 in a five-game thriller.

TREE NEWS update: On September 3, the China-Shanghai Cooperation Organization Port Economic Cooperation Center was inaugurated in Tianjin. The center aims to promote port resource sharing and complementary advantages among SCO member states, supporting high-quality Belt and Road cooperation and the high-level opening-up of the Beijing-Tianjin-Hebei region.

TREE NEWS update: Prediction market Kalshi plans to file with the CFTC as early as next week for a never-expiring futures contract on West Texas Intermediate crude, a source told Reuters. The 24/5 perpetual contract would allow continuous trading on oil prices without expiry dates.

TREE NEWS reports: The London Metal Exchange reported daily inventory changes: zinc stocks rose by 9,975 tonnes, lead fell by 2,775 tonnes, nickel increased by 1,920 tonnes, and copper added 800 tonnes. Tin decreased by 55 tonnes and aluminum by 250 tonnes.

TREE NEWS reports: The eurozone’s final composite PMI for August came in at 52.0, slightly below the preliminary reading of 52.1, indicating continued but moderating private sector growth. The figure remains above the 50 threshold, signaling expansion.

TREE NEWS update: The CFTC asked a Washington federal court to dismiss CME’s lawsuit over Kalshi’s bitcoin perpetual futures, arguing CME lacks standing to claim competitive injury because nothing prevents it from listing such products itself. The regulator’s motion challenges CME’s assertion of harm from Kalshi’s rival offering.

TREE NEWS update: Payward, the parent company of crypto exchange Kraken, now plans to list its shares on the stock market by mid-2027. The listing will not occur before the second quarter of 2027, extending a delay that began in March.

TREE NEWS reports: The Federal Reserve has been quietly conducting quantitative easing since February, buying $29 billion in Treasury bills in August and $344 billion over the past year. Balance sheet expansion continues despite net declines from MBS and longer-dated Treasury runoff. This year, the Fed has expanded its balance sheet by $90 billion, complicating inflation efforts.

TREE NEWS update: China’s National Disease Control and Prevention Administration announced policies providing free or subsidized influenza vaccination for key populations ahead of the autumn-winter flu season. The measures target the elderly, infants, chronic disease patients, and staff at schools and nursing homes to reduce severe illness and death risks.

TREE NEWS update: New Jersey’s attorney general filed the first certiorari petition over Kalshi’s sports contracts, asking the Supreme Court to resolve a split between two federal appeals courts on whether states can regulate sports event contracts. The petition marks a significant step in the ongoing legal battle over prediction markets and state regulatory authority.

TREE NEWS update: Australia’s ASIC warned that crypto companies relying on temporary regulatory relief must apply for an Australian financial services license or amend an existing one by September 30, or face fines up to 10% of annual turnover. Firms requiring market or clearing and settlement licenses must also notify the regulator and attend pre-application meetings. From October 1, non-compliant firms may breach financial services laws and face civil and criminal penalties. ASIC has recorded over 45 digital asset-related license applications since updating guidance in October 2025.

TREE NEWS update: China will target 13-year-old girls for HPV vaccination under its national immunization program, an academician and chief physician at Peking Union Medical College Hospital. The decision balances HPV infection risk, vaccine efficacy, cost-effectiveness, and implementation feasibility, she said.

TREE NEWS update: China’s Foreign Ministry said it will work with all parties to identify and handle those affected by the Gyirong landslide disaster, which has killed 21 people. Spokesperson Guo Jiakun, responding to a question about whether foreign nationals were among the victims, said a press conference by the Tibet regional government had provided details and that China would assist in verification and follow-up work.