This breakthrough is considered to be important for Tesla, because China is the world's largest market for EVs. It has 54% of global electric car stocks. Almost 60% of new electric car registrations in 2023 were in China, against 10% in the US, according to the International Energy Agency's Global EV Outlook for 2024. China accounted for about 40% of Tesla's sales last year.
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Alembic Pharmaceuticals on Monday, May 6, announced that it has received an establishment inspection report (EIR) from the United States Food and Drug Administration for its oncology facility in Gujarat. The pharma company, in a stock exchange filing, said that its oncology (injectable and oral solid) formulation facility located at Panelav in Panch Mahals district of Gujarat.
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Indonesian bond yields slid the most since November to outperform Asian peers, as a revival of US interest-rate cut bets spurred demand for the notes after they got heavily sold off last month. The yield on 10-year rupiah bonds fell as much as 26 basis points to 6.91% on Monday, helping to pare the 55-basis-point jump recorded in April. The move followed a rally in Treasuries on Friday.
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