GSK strikes £50m deal with Oxford University on cancer vaccines; dollar rises after Trump U-turn on Colombia tariffs – business live

Key events

European Tech stocks are shaking through China’s AI Push

Pan European Stokes 600 has lost 0.75 % this morning, with technology stock declining 4.5 %.

Dutch chip maker asml Germany while 8.2 % slipped Simmons energyWhich provides hardware for AI infrastructure, 4.1 % and France’s digital automation firm lost Schneider Electric Fall 6.8 %.

Last week, Chinese lab Depressic A free AI assistant has been developed, according to which it uses low -cost chips and low data, which launches the global AI race. It threatens to challenge the assumption in the financial markets that AI will ask for a supply chain from chip makers to data centers.

DPSK mashed R1, an AI that Analyst Royal Openi’s top reasoning model, O1. Surprisingly, it is similar to O1’s capabilities using a part of computing power – and on the tenth of the price.

Richard Hunter, head of the Investment Platform Interactive Investor, has watched the Chinese startupdipidic.

Its new AI app is ahead of the corporate results of major US tech companies.

A new baby appears on the tech block, and the preliminary signs are that the last week of January will provide the first permanent volatility competition in the New Year.

Chinese AI company Depressic A new product has been released in which a part of the development costs visible in the United States, which can provide some defense against any sanctions on China by the United States, as this particular war intensifies. The Japanese chip’s stocks fell faster overnight, and although it is very quick to say it, the US Future is currently weakening today before the opening bell.

It is very early to describe DiPsic as a existential threat to the US -based AI solutions. Through the same token, it will definitely put the cat among pigeons as investors are entering to evaluate the potential damage to the growing industry, which has been more shown in central indexes over the past two years. Given more advantage of. The emerging news of the weekend of the rising threat to the US dominance comes before a week before the “magnificent seven” reports of the report, ie ” Meta PlatformFor, for, for,. MicrosoftFor, for, for,. Tesla And apple. In addition to their results, the big question has suddenly become whether hundreds of billions of dollars in investment in AI needs to be re -evaluated.

The news came out after a weak closer on Friday for the US market, when the benchmark S & P 500 abandoned the benefits, which saw it briefly broke new heights, and 0.3 % a week Less. Hunter added:

The new president’s supporters have been positive for the markets to date, while the promise of stringent measures at their rates has not yet been made for this moment. Despite the weakness and the end of January, Dow Jones has increased by 4.4 % so far this year, which has increased by 3.7 % and 3.3 % for S&P 500 respectively.

In addition to any AI consideration, investors will need to rotate several plates this week. Corporate updates switch to Top Gear, with the relevance of choice BoeingFor, for, for,. StarbucksFor, for, for,. IntelFor, for, for,. IbmFor, for, for,. Shaverone And Exxon Mobel After that, the season has been a promising start.

The basic report on the basic use costs will also be released on Friday and, while the Federal Reserve’s priority measures will present the latest theory about rising prices, Fed announces its latest interest decision. It will also start, where the market has said a large majority. There is a price in a change decision.

After keeping 500 UK high street stores for sale, shares in WHSMITH jumped more than 8 %.

The amazing move to hoist the “sale” mark on its heritage retail business creates uncertainty for its 5,000 staff, but investors welcomed it.

The 232 -year -old ancient series is in talks with a handful of potential bidders, who began the possible sale process at the end of last year.

Although negotiations are focused on its 500 shops – those who sell newspapers, books, stationery, cards and gifts – it is believed that the use of this brand itself will be ready to communicate with any potential buyer.

Introduction: GSK contracted M50 million M5 million with Oxford University on cancer vaccines. Dollar rose after Trump U -turn on Columbia prices

Good morning, and welcome to our business, financial markets and rolling coverage of the global economy.

UK’s second largest drug maker GSK There has been a contract with Oxford University under which it will pump up to M -50M in preliminary cancer research to develop new treatment.

This contribution lasts for at least three years, and will focus on how cancer develops, which can inform the development of cancer vaccine in the future.

Most cancer develops from normal cells to abnormal cells, years or even decades of cancer development. Oxford University specializes in the study of biology, which includes the identification and layout of nutrients, or specific proteins related to tumor that indicate the identification of cancer to the immune system. An active intervention like vaccine or targeted drugs can prevent them from moving towards cancer.

Professor Irene TraceThe Vice -Chancellor of Oxford University, called the partnership “one step ahead of cancer research”.

Tony woodGSK Chief Scientific Officer, said:

We are pleased to further strengthen our relationship with Oxford University and combine the deep knowledge of Oxford and GS scientists. By detecting the prevailing biology in the science of the immune system, our aim is to create key insights for people with cancer.

The GSK already has a partnership with the Institute of Molecular and Computer Medicine in Oxford, which also focuses on neurological diseases, as well as other cooperation. With Cambridge University It was announced in October, which focuses on strict treatment kidney and respiratory diseases.

Donald Trump after Donald Trump diverted military planes carrying immigrants who deported revenue and sanctions on Colombia, after threatening prices and sanctions to withdraw the last minute agreement before agreeing to the last minute agreement. Added the dollar.

The dollar increased by 0.3 % against the large currency basket.

The United States and Colombia, withdrawing from the brink of trade war on Sunday, said the White House said Colombian people had agreed to accept military planes carrying migrants from deportation.

In a statement late Sunday, the White House said Colombia had agreed to accept immigrants and Washington would not impose its threatening fines.

The European stock markets fell less after the Chinese startupdipic launched a free open source AI model to make Openi’s chat GPT rivals, and US stock futures and several Asian markets also fell.

Traders are worried about the impact of a low -cost Chinese app on Western tech stocks.

The UK’s FTSE 100 Index fell 0.3 % or 31 points to 8,470, while Germany’s Dax was 0.9 percent, France’s CAC flat and Spain’s Ibex and Italy’s FTSEM The IB has declined by about 0.3 percent.

In Asia, Japan’s Nikki reduced the tech stock by 0.9 percent, while Hong Kong’s Hang Seng increased by 0.6 percent and South Korea’s Kosi increased by 0.85 percent. In the mainland China, Shanghai comprehensively slipped up to 0.06 percent, while Shenzhen comprehensive declined 1.3 percent.

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