Eli Lilly, Pfizer Seek Spot in China Private Insurance Catalog
Eli Lilly & Co., Novo Nordisk A/S and Pfizer Inc. are among those who have applied for a place in the catalog, according to documents released Tuesday by the National Health Security Administration. The idea of the list, incorporating innovative drugs that are far too expensive to be covered by the state insurance program but recommended for reimbursement by private health insurers, was first touted this year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
US container imports may have peaked in July, chief of busiest seaport says
By Lisa Baertlein LOS ANGELES (Reuters) -Ocean imports to the United States may have peaked in July after retailers raced to bring in goods from China and elsewhere to avoid potentially hefty tariffs on holiday-related products, the top executive from the busiest U.S. seaport said on Wednesday. Containerized imports to the Port of Los Angeles, the front door to many U.S. imports, jumped 8% to 544,000 20-foot equivalent units (TEUs) in July. "Much of this volume was fueled by importers hustling to bring in cargo ahead of potential tariff hikes later this month and beyond," Gene Seroka, the port's executive director, said on Wednesday. "Everything is already here for the holiday season," said Zachary Rogers, lead author of the Logistics Managers' Index, which serves as an early indicator for economic activity in the United States. President Donald Trump's tariff policies, particularly short-lived 145% levies on goods from China, have wrecked havoc on U.S. imports as buyers either gorged on or starved themselves of goods to avoid higher import duties. The United States and China earlier this week extended their tariff truce by another 90 days, easing the uncertainty clouding the retail peak season for stocking stores with holiday goods. As a result, major shippers like Walmart, Target and Home Depot appear to be breaking the traditional holiday-related import pattern that tended to peak from August to October.
Yahoo
25 minutes ago
- Yahoo
Pony AI ramps up Gen-7 robotaxi fleet production
Pony AI is advancing its autonomous vehicle production, with over 200 Gen-7 robotaxi models already manufactured in partnership with Guangzhou Automobile Group (GAC) and Beijing Automotive Industry Corporation (BAIC). The company says it is on a clear trajectory to reach its goal of a 1,000-vehicle fleet by the end of 2025. Pony AI reported a net loss of 381.6m yuan ($53.3m) for the second quarter (Q2) 2025, which is an increase from the $30.9m loss in the previous year period. The non-GAAP net loss also grew to $46.1m from $30.3m year-over-year (YoY). The loss from operations widened to $61.3m in the quarter, up from $37.0m in the previous year's quarter. However, Pony AI has seen a 75.9% increase in total revenues to $21.5m (153.7m yuan) in Q2 2025, compared to the same period in the previous year. This growth has been largely attributed to the substantial rise in robotaxi services revenues, which soared by 157.8% to $1.5m (10.9m yuan). The company attributes this to the expanding user adoption, heightened demand in tier-one cities, and an enlarged fleet of robotaxi vehicles. Furthermore, fare-charging revenues have surged by over 300% YoY. In terms of partnerships, Pony AI has entered into a strategic agreement with Shenzhen Xihu to jointly deploy over 1,000 Gen-7 robotaxis in Shenzhen in the coming years. This move is expected to significantly enhance the company's service offerings and market presence. Additionally, the company has secured testing permits for its Gen-7 robotaxis in all four tier-one cities in China, which is a critical step towards wider public-facing commercial deployment. Pony AI has also launched fully driverless commercial robotaxi services in Shanghai's Pudong New Area and extended service coverage to 24/7 in select regions of Guangzhou and Shenzhen to meet increasing user demand. Internationally, Pony AI is partnering with Dubai's Roads and Transport Authority (RTA) aimed at integrating its autonomous driving technology into Dubai's future transportation network. The collaboration will begin with supervised robotaxi trials in late this year. The company's operational footprint extends to South Korea, where it has secured nationwide permits and is navigating complex urban traffic in Seoul's Gangnam district, including during challenging winter conditions. Road testing in Luxembourg has also commenced in partnership with Emile Weber, further showcasing Pony AI's commitment to expanding its global reach. CEO and chairman Dr James Peng said, 'Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target. 'Our robust Robotaxi revenues more than doubled, with fare-charging revenues surging by over 300% year-over-year. The path toward positive unit economics is also clear, as we made substantial improvements in key cost items such as remote assistance and vehicle insurance.' "Pony AI ramps up Gen-7 robotaxi fleet production" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Tencent Just Crushed Earnings--But What It's Not Doing With AI Might Matter More
Tencent (TCEHY) just delivered a solid quarter revenue jumped 15% to 184.5 billion yuan ($25.7 billion), beating estimates by 3%, while net income climbed 17%, driven by strength across gaming, fintech, and advertising. Growth in ad sales was partly thanks to AI-enhanced targeting, giving the top line a lift. But instead of chasing AI headlines, management is choosing restraint. President Martin Lau made it clear: they won't burn capital on vanity metrics or bulk up teams unnecessarily. Capex hit 19 billion yuan this quarter, but Tencent is spending where it matters not throwing chips at the wall to see what sticks. Warning! GuruFocus has detected 8 Warning Sign with DASH. Rather than trying to out-launch rivals like Alibaba (NYSE:BABA) or ByteDance, Tencent is threading AI into what it already does best: gaming, cloud, and WeChat. Its Hunyuan model is powering internal tools and customer services, while the cloud unit rents out compute to companies training AI models. Still, costs are creeping up. Operating margins dipped 100 bps to 37.5% Bloomberg Intelligence sees AI-related expenses as the culprit. Yet the bigger picture holds: Tencent is delivering while avoiding the hype trap. The company has already added $170B in market cap this year, though it still trades below peers like Meta on valuation. Investors are also watching Tencent's pipeline. Valorant Mobile a high-profile release from Riot Games drops August 19, with more to follow at Gamescom. Meanwhile, WeChat continues to be Tencent's monetization engine, from search and video ads to mini-apps. It's also pushing back against Ant Group's 100M-user tap-to-pay feature. Longer-term, Tencent's AI ambitions rest on turning its ecosystem into a gateway for agentic tools that do more than chat they act. But the real story here isn't flashy AI demos. It's about Tencent playing patient offense while others sprint. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
