Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York 
Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio 
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings 
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability 
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi 
Walmart International CEO Kathryn McLay to Step Down After Two and a Half Years 
Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft 
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation 
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement 
Proposed Rio Tinto–Glencore Merger Faces China Regulatory Hurdles and Asset Sale Pressure 
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal 
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer 
Japan’s Daiwa Securities Group Inc received regulatory approval to launch a majority-owned joint venture providing brokerage and securities underwriting services in China.
Daiwa applied for the establishment of the joint venture to China Securities Regulatory Commission last September.
China’s top securities watchdog approved the venture that would be 51 percent owned by the Japanese brokerage and investment bank.
Beijing State-Owned Capital owns 33 percent while an investment arm of Beijing’s Xicheng District holds 16 percent.
China is opening its financial sector to allow foreign institutions to own majority stakes in securities firms, mutual funds, and insurance companies.
It would be a comeback for Daiwa, which retreated from China in 2014 when it owned 33 percent of a joint venture with a local partner, after failing to control significant market share.
Last year, Nomura Holdings also received approval to launch its 51 percent -owned joint venture in China for asset management, brokerage, investment consulting, and proprietary trading businesses.
