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Market Beats | Xiaohongshu Could Need State-Owned Backer for IPO; US FDA Head of Food Resigns; China to Increase Support for Private-Owned Companies; xAI Releases AI Model That Beats Most Rivals; Uber-Backed Lime Prepares for IPO Amid Strong Bookings Growth

—— Xiaohongshu Could Need State-Owned Backer for IPO; US FDA Head of Food Resigns; China to Increase Support for Private-Owned Companies; xAI Releases AI Model That Beats Most Rivals; Uber-Backed Lime Prepares for IPO Amid Strong Bookings Growth 1. Xiaohongshu Could Need State-Owned Backer for IPO Chinese regulators have privately suggested to Xiaohongshu Technology Co.—the …

Market Beats | Deepseek AI Model Shakes US Tech Stocks; UBS Cuts Hundreds of Staff in Switzerland; Nvidia Market Cap Drops by Half a Trillion Dollar; Morgan Stanley Tries to Sell X Acquisition Loan; Amazon Signs 50,000 Sqft at Miami Office

—— Deepseek AI Model Shakes US Tech Stocks; UBS Cuts Hundreds of Staff in Switzerland; Nvidia Market Cap Drops by Half a Trillion Dollar; Morgan Stanley Tries to Sell X Acquisition Loan; Amazon Signs 50,000 Sqft at Miami Office 1. Deepseek AI Model Shakes US Tech Stocks The global technology sector experienced a significant shake-up …