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Chinese Stocks – Lower across the board coming off two straight negative session after the U.S. public company accounting regulator said on Thursday it continued to engage with Chinese regulators about getting access to their auditors’ records, but it remained unclear if the Chinese government would grant the access required by a new U.S. listing law. It said media speculation about an imminent deal that would stop hundreds of Chinese companies from being kicked off American stock exchanges was “premature”. BABA, JD, BIDU, HUYA, KXIN, LI, NIO
Nio Inc – Reported a Q4 net loss of 2.18 billion yuan ($342.66 million), wider than loss of 1.49 billion yuan ($234.20 million) a year earlier. Posted Q4 total revenue of 9.9 billion yuan, up 49.1% y/y. Said it delivered 25,034 cars in Q4, vs 17,353 vehicles, a year earlier.
Cannabis Stocks – Back on watch extending yesterday afternoon’s rally, the group surged late in the session on news a Marijuana Federal Legalization Bill could appear on the floor for a House vote in Washington as soon as next week. TLRY, CGC, CRON, ACB
Apple Inc – Higher premarket after three straight solid gains, reports yesterday suggested the company is working on a hardware subscription service that could be available as soon as the end of this year. Separately, Apple on Thursday told appellate judges that video game maker Epic Games had failed to show any legal error that would justify them overturning a lower-court ruling that found key App Store policies do not break U.S. antitrust law.
Nvidia Corp – Active again premarket coming off an impressive 10% rally yesterday, earlier in the week the company’s CEO Jensen Huang During a call with reporters mentioned the possibility of the company turning to Intel to manufacture its chips, NVDA would be interested in the company using its foundries and that it was open to exploring the idea. However, he also noted that foundry discussions take a long time since they involve integrating supply chains.
Bed Bath & Beyond – The highly shorted name is on watch as Bloomberg is reporting it is close to reaching a settlement with investor Ryan Cohen that would see three new directors appointed to the housewares and personal care products retailer’s board. Cohen’s RC Ventures holds a 9.8% stake in Bed Bath & Beyond.
Netflix Inc – Announced it will buy Boss Fight Entertainment, a small independent video game studio based in Allen, Texas, as the video streaming company pushes further into the lucrative video game market. The acquisition of Boss Fight, a mobile game developer with 130 employees, is Netflix’s third studio purchase since it set its sights on the gaming industry last summer. The company bought a studio called Night School in September, and this month it bought Next Games. Netflix would not say how much it paid for Boss Fight.
Honest Company – Posted a wider loss than expected, also issued guidance for the current quarter that was weaker than expected.
Mercurity Fintech – Low float, Chinese fintech stock higher premarket for the second straight session on no news, 8m share float.