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Biden's last speech on the economy warned Trump that "trickle-down economics" was making a comeback. US President Biden publicized his economic achievements in a speech at the Brookings Institution in Washington on Tuesday, and warned Trump to repeat the Republican "trickle-down economics" during his second term. This may be his last speech on the economy during his tenure. Biden said in his speech that he promoted investment in infrastructure, manufacturing and neglected communities, avoided a bigger economic crisis and laid the foundation for sustained economic growth. "The new government will take over a fairly strong economy, and most economists agree with this view," Biden said. "I deeply hope that the new government can maintain and carry forward such progress. Biden proudly said that after decades of trickle-down economics, which gave priority to the wealthy Americans, his government adopted a new approach. At present, the economy is growing from the inside out and from the bottom up, benefiting the middle class. He admitted that American workers still suffer from inflation and high housing prices. Biden stressed that during his tenure, he created 16 million jobs, the highest in a single presidency, the lowest average unemployment rate in all previous governments in the past 50 years, and the smallest racial gap between the rich and the poor in the past 20 years. Biden warned Trump to provide more tax cuts for the rich and enterprises during his second term, and said that Trump's commitment to impose tariffs on overseas goods may make a "big mistake". He also said that he thought Trump would be in trouble if he stopped the investments he made during his administration, because these investments benefited many Republican and Democratic-led states.It is reported that Blackstone Group may withdraw from its bid for Bausch & Lomb, an eye care company. People familiar with the matter said that Blackstone Group may withdraw from its joint bid for Bausch & Lomb. Earlier, it was reported that Blackstone and TPG (Detai Capital) jointly bid for Bausch & Lomb, an eye care company. At present, negotiations are still in progress. If Bausch & Lomb is willing to accept a lower price, or TPG finds another private equity investment group as a trading partner, the transaction may still be completed.The US investment bank explained the downward adjustment of India's economic growth forecast: Based on the short-term economic slowdown and influenced by multiple internal and external factors, according to the Indian media "QRIUS", Uppsala Chachar, chief Indian economist of Morgan Stanley, the US investment bank, predicted that India's GDP growth in fiscal year 2025-2026 would be 6.5%. According to India's Economic Times, at the beginning of this month, Morgan Stanley has lowered India's GDP growth forecast for fiscal year 2024-2025 from the previous 6.7% to 6.3%.

Spot gold hit $2,700 per ounce, a two-week high, rising by 0.24% in the day.There is still a large range of rainy weather in the south due to temperature fluctuations in many places in the country. Today and tomorrow (December 11-12), snowfall in the north will continue to shrink, and the south will continue to maintain a large range of rainy weather. At the same time, the cooling effect brought by cold air is still in progress, and the temperature in most areas will go down to a new level, with cold on top and cold on top, and many places will hit new lows since beginning of winter this year.Shandong mining machine opened at a daily limit, and yesterday it staged the "Earth-Sky Board".

The dollar just hit the 7.2500 yuan mark against the offshore RMB, falling by 0.09% in the day; The US dollar against the onshore RMB was recently reported at 7.2465 yuan, down 0.04% in the day.Galaxy Securities: The economies of scale of the network industry chain are expected to be prominent. The Galaxy Securities Research Report pointed out that the supply of new kinetic energy in emerging communication industries is constantly enriched, and the economies of scale of the network industry chain are expected to be prominent. With the development of AI, the promotion of 6G and the popularization of satellite-related services in the future, in order to gain greater global leadership in digital technology, China's technological changes need to be accelerated. The integration of 5G-A/6G synaesthesia and general intelligence computing respectively add perceptual and AI elements to the communication network, and continue to deepen the supply capacity upgrade of key links such as chip modules, industry terminals, virtual private networks and common capability platforms, so as to empower the development of emerging industries. The upgrading of communication technology focuses on promoting the integration and innovation of digital technology, bringing about the upgrading of traditional industrial production and operation. Generally speaking, the development of 5G+ promotes multi-directional deep empowerment, and the effect of economies of scale is expected to be prominent. Looking forward to the future, new infrastructure and new applications will usher in great development.Zhongying Electronics: A small number of products have been used for service robots, but not for humanoid robots. Zhongying Electronics (300327) replied to investors' questions on the interactive platform on December 11th, saying that a small number of products have been used for service robots, but not for humanoid robots. The company has been paying attention to the application and technical development of robot motor control MCU and its lithium battery management chip, and evaluating the R&D investment.