From CNBC: 2025-06-12 02:06:00

Chinese camera company Insta360, rivaling GoPro, raised $270 million in a Shanghai listing, with shares soaring 274% to a market value of $9.88 billion. The U.S., Europe, and China each accounted for over 23% of revenue last year. Co-founder Max Richter expects strong U.S. demand and dismisses geopolitical risks.

Chinese companies are expanding globally, with Insta360 having offices in Berlin, Tokyo, and Los Angeles. A new phase sees businesses building international brands with local offices, hiring employees in different regions. The trend is evolving from manufacturing for foreign brands to selling products directly.

Beijing-based Pop Mart has become a global toy player, with overseas sales hitting $5.1 billion in 2024. The company’s Labubu figurine series gained popularity worldwide. Pop Mart plans to open more stores globally, capitalizing on the demand for character-driven products during times of stress and uncertainty. 1. The stock market reached a new record high today, with the S&P 500 closing at 4,500 for the first time ever. This milestone comes as investors remain optimistic about the economic recovery and corporate earnings.

2. In international news, tensions are escalating between Russia and Ukraine as Russian troops continue to amass along the border. The US and its allies have expressed concern over the situation, calling on Russia to de-escalate and respect Ukraine’s sovereignty.

3. The FDA has granted full approval to the Pfizer-BioNTech COVID-19 vaccine for individuals aged 16 and older. This move is expected to boost vaccination rates and confidence in the vaccine, as it becomes the first to receive full approval in the United States.

4. Hurricane Ida has made landfall in Louisiana as a Category 4 storm, bringing powerful winds and heavy rain. Residents are urged to evacuate and take precautions as the storm is expected to cause widespread damage and flooding in the region.

5. Scientists have discovered a new species of dinosaur in Argentina, named Llukalkan aliocranianus. This carnivorous dinosaur had a unique skull structure and is believed to have roamed the earth during the Late Cretaceous period. The discovery sheds new light on dinosaur evolution.

Read more: Trade tensions not stopping Chinese companies from pushing into U.S.