Competitors to emerge. This is how pharmaceutical companies are moving, into the sort of Lifestyle Drugs to help bring up their revenues for the next few years. Help bring up their revenues for the next few veere next few years. Looking at the numbers. Next few years. Looking at the numbers. They next few years. Looking at the numbers, they are next few years. Looking at the i numbers, they are astronomical. Taking market value to 428 billion, dethroning even lvmh. Give us a sense of its rise, but because it is a company that most people wouldnt heard of. A company that most people wouldnt heard of. ,. , heard of. Yes, it is. There arent that many heard of. Yes, it is. There arent that many world heard of. Yes, it is. There arent that many world famous heard of. Yes, it is. There arent that many world famous danish | that many world famous danish companies, either. It is a sector thatis companies, either. It is a sector that is becoming more and more important. Increasing affluence ar
In the south china sea. Because of the existing complex dynamics that we are talking about, how difficult does it make for these countries when they have to, in a way, walk the tight rope and really pick sides between the us and china when theyre trying to move ahead and forge a relationship . Thats a very delicate issue. I mean, the asean group is trying to really remain neutral as much as they can, and they also need, in a sense, both g2 we call them the us and china to assist them in many ways, including in trade, economic activities, foreign direct investment. So theyre trying to basically pick up the best of these two in terms of trade, foreign direct investment, but theyre mindful of regional as well as global geopolitics which are influencing the way in which the asean group has to relate to g2, if you like. And i think that that will remain an ongoing challenge for the asean leaders. The countdown to the 620 Leaders Summit this weekend has begun with news that chinese Leader Xi
Indias glitzy 620 presidency ending with the gavel handed over to brazil. Applause. The groups joint declaration applause. The groupsjoint declaration avoided condemning russias war in ukraine but the inclusion of the African Union into the grouping was seen as a major achievement. I think this is a really good move and again, india should be complemented for championing it. But they got support from the other countries. The 620 vowed to trickle Renewable Energy capacity and scale up financing for billions to trillions of dollars. This even as the hundred billion dollars promised by the western countries every year to help developing countries mitigate Climate Impact is still nowhere in sight. 620 now has its own mechanism on Climate Finance so does that mean that the hundred billion dollars promised from the west of the developed countries is pretty much dead now . I dont think it is a question of are you writing off this hundred billion that was promised earlier and now that youve co
Indias glitzy 620 presidency ending with a gavel handed to brazil. Thejoint ending with a gavel handed to brazil. The joint declaration avoided condemning russias war, but the inclusion into the African Union was seen as a major achievement. African union was seen as a majorachievement. I African Union was seen as a major achievement. African union was seen as a major achievement. Maor achievement. I think this is major achievement. I think this is a really major achievement. I think this is a really good major achievement. I think this is a really good move major achievement. I think this is a really good move and major achievement. I think this is a really good move and mds| is a really good move and mds should be complemented for champion it. This, even as 100 billion promised by western countries every year, to help developing countries mitigate climate impact, is still nowhere in sight. Impact, is still nowhere in siht. , impact, is still nowhere in siuht. , . ,. , impact, is stil
however slower demand and trade restrictions on chip making technology have put businesses under pressure. those restrictions only apply of course to high end chips currently. for more on the industry i spoke to stacy raskin, a senior semiconductor analyst. these export controls were fairly targeted. the only things that were actually impacted were high end artificial intelligence chips, chips for supercomputers and equipment that was capable of manufacturing high end logic and memory. in terms of actual revenue impact the only ones that really saw was the equipment vendors. the reason is from the high end chips it was nvidia they were able to backfill with other products that came in below the control thresholds that were legal to sell in china. the customers bought lot of those in backfill and did not see any revenue hit. the equipment vendors did see a hit. again limited in their abilities to sell tools for advanced logic and advance memory and it was several billion dolla