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Fujian Xingyi Payment, a subsidiary of Newland, was fined 5.05 million yuan by the People's Bank of China for violating regulations on acquiring business, and illegal gains of over 3.41 million yuan were confiscated. At the same time, the responsible person, Lin, was fined 190,000 yuan. Newland holds a total of 80% of Xingyi Payment's equity.

President Trump announced 100% tariffs on branded pharmaceuticals starting Oct. 1, unless produced in the US. While there may be a minimal impact on Big Pharma's stock due to existing inventories and US manufacturing expansions, uncertainties remain regarding supply chains in countries without tariff caps.

Humana's CenterWell acquired MaxHealth, enhancing its primary care services in Florida. This move reflects a trend of vertical integration in healthcare, raising concerns about costs, patient choice, and potential manipulation of care metrics.

The U.S. stock market opened lower, despite Nvidia's earnings beating expectations, investors remain concerned about AI risks and the sustainability of tech company profits. Nvidia's stock price dropped over 3%, while memory storage stocks like SanDisk rose 2%. Analysts recommend investors adjust their asset allocations.