Be in the know. 30 key reads for Monday…

  1. The $200 Billion Reason The Biotech Buying Spree Will Persist (investors)
  2. Many Biotechs Have Net Assets That Top Their Market Values (barrons)
  3. China seeks dialogue, says clash with US would be ‘unbearable disaster’ (investing)
  4. China Stocks Rise Again Amid PMIs and Stimulus Hopes. It Bodes Well for Alibaba. (barrons)
  5. Beauty Brands L’Oréal, Estée Lauder Sales Surge In China’s 6.18 Shopping Festival (alizila)
  6. Alibaba Cloud’s Latest Generative AI Update Takes The Admin Out Of Business Meetings (alizila)
  7. Morgan Stanley Expects 6% CN Econ Growth in 1H23; Momentum to Continue Until 4Q24 (aastocks)
  8. Settlement Talks Prompt Delay Request in 3M ‘Forever Chemicals’ Trial (wsj)
  9. How 10-BAGGERS can happen: (twitter)
  10. Alibaba News Roundup: International Brands’ Sales Double During 6.18; Cainiao Delivers This Mid-year Shopping Festival; Foodies Make the Most of 6.18 Discounts (alizila)
  11. DingTalk begins testing of new AI features with enterprise clients (technode)
  12. China Says Local Debt Under Control, No Systemic Risk Seen (bloomberg)
  13. PayPal’s 80% Stock Plunge Hasn’t Soured Wall Street (bloomberg)
  14. ‘From the Fed’s perspective, the rise in unemployment coupled with the drop in average hourly earnings should outweigh the shock of another huge job gain’ (marketwatch)
  15. Why the U.S. Remains Far From Recession (wsj)
  16. Bearish Bets Against S&P 500 Are Surging, Despite Love for Big Tech (wsj)
  17. The Case for Investing in Value Stocks (wsj)
  18. Big Banks Could Face 20% Boost to Capital Requirements (wsj)
  19. The Man Reimagining Disney Classics for Today’s World (nytimes)
  20. How to Use A.I. to Edit and Generate Stunning Photos (nytimes)
  21. The Fed’s Interest Rate Strategy Is Getting Tricky as Plans to Skip a Hike Emerge (bloomberg)
  22. US-China Ties Need More Than a Quick Handshake (bloomberg)
  23. How new lithium extraction technology could help us meet electric vehicle targets (cnbc)
  24. China may be ‘disruptive’ and fueling anxiety — but talks must continue, defense chiefs say (cnbc)
  25. “As the (China) recovery broadens over time, the economy will enter another upward spiral with stronger demand and better confidence,” Hu said. (cnbc)
  26. Wharton professor Jeremy Siegel says investors’ hopes of a Fed pause are pushing stocks higher – and skipping a rate hike would lower the risk of a US recession (businessinsider)
  27. Morningstar says buy these 10 cheap stocks that will generate steady cash flows well into the future (businessinsider)
  28. Will Very Narrow Breadth Lead To Broad Equity Upside? (zerohedge)
  29. Apple to offer vision of mixed-reality future beyond the smartphone (ft)
  30. Alibaba, Tencent and Sun Hung Kai among 21 firms approved by HKEX for yuan share trading counters starting on June 19 (scmp)