Summary of World Economic Issues, Major Issues

United States of America

The Centers for Medicare and Medicaid Services (CMS), a Medicare prescription drug plan run by private insurers, does not currently cover obesity treatments, but plans to support costs if approved for secondary uses covered by Medicare under the new guidelines

Intel CEO Gelsinger emphasizes that continuous efforts to rebuild supply chains are needed to initiate a virtuous cycle in the semiconductor ecosystem and close the cost gap with competitors. He said the second semiconductor law requires a certain level of subsidies and should focus more on sustainable tax policies

The U.S. Department of Justice and the attorneys general of 16 states have filed a lawsuit against Apple for violating anti-trust laws. Apple has maintained illegal monopoly over smartphones in the U.S

China

WSJ reports Chinese President Xi Jinping plans to meet with U.S. business leaders after China Development High-Level Forum to be held in Beijing next week

China’s Ministry of Commerce spokesman He Yadong criticized the U.S. for seriously violating market rules and international economic and trade rules, saying that the U.S. provided large subsidies and tax benefits to the mainland chip industry and forced some provisions to abandon China and choose the U.S

Korea

Ministry of Trade, Industry and Energy Holds TF Kickoff Meeting to Establish Mid- to Long-Term Nuclear Power Plant Roadmap 2050 To Achieve Carbon Neutrality and Secure Sustainability of Nuclear Power Plant Policy 2050 The policy direction includes basic directions for mid- to long-term construction and operation of nuclear power plants, policies to promote continuous operation, and measures to strengthen supply chains for equipment and nuclear fuel

Other

Swiss central bank cuts key interest rate by 25 basis points to 1.50%, governor Jordan says easing of monetary policy has been possible due to effective fight against inflation over the past two and a half years

EU Summit President Michel says EU Council has decided to open accession talks with Bosnia

BOE Governor Bailey said he should still see further declines in inflation but noted that the decline to 3.4% last month was very encouraging and good news. Financial markets said it was reasonable to reflect two or three rate cuts this year in prices but would not support that view

[Investment strategy of Daishin Securities / Telegram channel]