22
0Hi there~~ Good evening, everyone! Today is Friday, October 2, 2026. I'm An'an, your host on Goodnight Coffee. Welcome for showing up right on time! Tonight, let's talk about the latest and freshest business and tech updates. So relax, put on your headphones, and let An'an gently wrap up your day.
@@@
According to Huxiu 24 Hours, Nvidia shares broke above their May high to set a new all-time high, with market capitalization returning to $5.7 trillion.
@@@
According to CNBC, Tesla delivered 486,532 vehicles in the third quarter, above StreetAccount's estimate of 461,100 and the company's own expectation of 461,974; the stock rose about 2% after the news. Deliveries fell about 2% year over year from 497,099 in the same period last year, but rose sequentially from 480,126 in the second quarter. Tesla did not break down deliveries by model or region, but said Model 3 and Model Y accounted for 98%. In the same period, energy storage deployments reached 13.7 GWh, including Megapack and Megablock systems, up from 12.5 GWh a year earlier and 13.5 GWh in the previous quarter. Tesla is facing competition from Chinese automakers such as BYD and Xiaomi and is trying to recover from consecutive annual sales declines; the U.S. federal EV tax credit ended on September 30, 2025. As of Tuesday's close, its shares were down 21% this year, underperforming big tech peers. Morgan Stanley analysts said the quarter faced "difficult comparisons" both year over year and sequentially, and that second-quarter deliveries exceeded production by about 28,000 vehicles.
@@@
According to Huxiu 24 Hours, Samsung has set the price quote for its next-generation high-bandwidth memory chip, HBM4, at three times that of the previous-generation HBM3E. The report notes that Samsung's pricing strategy is a bet on demand growth driven by the AI computing arms race, and it hopes to use this to reshape pricing power in the HBM market.
@@@
Sina Tech reports that on the evening of October 1, a signing ceremony for the strategic cooperation to upgrade HIMA AITO's business was held in Shenzhen, where Huawei and Seres reached a new five-year partnership. Yu Chengdong, Huawei's Executive Director, Director of the Product Investment Review Committee, and Chairman of the Terminal BG; Zhang Xinghai, Chairman and Founder of Seres Group; and others attended the ceremony. AITO now has more than 1.2 million users and is entering a new stage of brand growth. Huawei and Seres said that over the new five years, the two sides will continue to anchor AITO's core positioning as a high-end smart car brand, jointly establish a dedicated AITO business team, further upgrade AITO's business, and better serve AITO users through dedicated, exclusive operations, continuing to elevate the AITO new-luxury brand. They also said they will be committed to delivering even more exceptional high-end smart EV products and better mobility experiences, further promoting the high-quality development of China's auto industry, and building a benchmark brand for China's new-luxury smart cars.
@@@
According to Readhub, AI model developer Anthropic is seeking to go public as early as mid-November. Having previously delayed its listing plans, the company may now launch its official IPO roadshow as early as the week of November 9 and is expected to begin trading before Thanksgiving on November 26. Anthropic still expects to complete its listing no later than the end of the year. Internal discussions are ongoing, and the timeline may continue to shift.
@@@
CNBC reports that the U.S. Bureau of Labor Statistics said Friday that September nonfarm payrolls rose by just 29,000 after seasonal adjustment, far below the Dow Jones estimate of 84,000, while the unemployment rate rose to 4.2% versus the expected 4.1%. August job gains were revised down to 133,000, and July swung from a gain to a decline of 10,000, for a combined 60,000 reduction from previous estimates. After the release, U.S. stock futures jumped, and Treasury yields fell after recently rising to their highest levels since the early part of this century; CME showed the probability of the Fed holding steady at its October 27–28 meeting rose to 82.8%. Jefferies' Simons said this should rule out an October rate hike; the August payroll surge was just a rebound from weak hiring in June and July. The household survey was stronger: household employment rose by 406,000 in September, the labor force grew by 485,000, and the labor force participation rate rose 0.2 percentage points to 61.8%, the highest since May; the broader unemployment rate fell to 7.6%, the lowest since January 2025. The Fed already hiked by 25 basis points in September, and the market expects the next hike may have to wait until December. Officials are paying more attention to the unemployment rate and believe inflation poses a greater threat than the labor market.
@@@
Sina Tech reports that NIO announced that on October 1, its single-day battery swap volume reached 183,469, a record high, with one NIO, ONVO, or Firefly vehicle completing a battery swap every 0.47 seconds on average. The top three highway battery swap stations by volume that day were: the NIO battery swap station at the Shenyang-bound Rizhao Service Area on the G15 Shenhai Expressway in Rizhao, Shandong, with 211 swaps; the NIO battery swap station at the Dongguan-bound Toubao Service Area on the G1523 Yongguan Expressway in Fuzhou, Fujian, with 200 swaps; and the NIO battery swap station at the Chongqing-bound Nanling Service Area on the G50 Huyu Expressway in Wuhu, Anhui, with 193 swaps. The top three urban battery swap stations were: Ulanqab Yisheng International NIO Battery Swap Station and Qinhuangdao New Century Park NIO Battery Swap Station, each with 146 swaps; and Chengde Qingchuifeng National Forest Park NIO Battery Swap Station, with 142 swaps. As of now, NIO has built a total of 9,515 charging and battery swap stations across China, providing more than 220 million charging and battery swap services. Of these, 4,160 are battery swap stations, which have provided more than 126 million battery swap services; highway battery swap stations total 1,073, forming a nationwide highway battery swap network of 9 vertical and 11 horizontal routes across 16 major city clusters, connecting more than 550 cities. NIO said that starting from any battery swap station nationwide, drivers can reach all provincial-level administrative regions in mainland China using battery swaps the entire way.
@@@
According to CNBC, Novartis signed a licensing agreement with China's Abogen worth up to $7.8 billion. Novartis will pay $575 million upfront for global rights to an early-stage experimental mRNA therapy for autoimmune diseases, plus up to $7.2 billion in milestone payments, and will have an exclusive option to license assets developed on Abogen's RNA platform. China is seen as a source for Western drugmakers looking for their next blockbuster, as blockbuster patents face a "patent cliff" in the early 2030s. Novartis shares last month saw their biggest drop since 1987 after setbacks in multiple clinical trials, raising questions about its drug development capabilities. Sidley partner Ruchun Ji told CNBC that licensing deals can lower risk for big pharma, since they can be terminated if a drug underperforms or R&D priorities change; for Chinese companies, upfront and milestone payments provide funding and support local development. Earlier this week, Novo Nordisk reached an exclusive licensing deal worth up to $2.6 billion with Hengrui Pharmaceuticals; in mid-September, GSK acquired a blood cancer drug from Chimagen for up to $750 million.
@@@
CNBC reports that crypto exchange Bitget suffered a cyberattack last week, with nearly $388 million stolen and about $1.1 million frozen. CEO Gracy Chen said the frozen assets have not necessarily been returned, and she did not disclose the amount recovered; because recoveries from past exchange hacks have been limited, she does not expect a large amount to be recovered, but exchanges should show how they protect users. Bitget said user balances were unaffected. Its protection fund stood at more than $464 million before the hack, fell to below $200 million after the hack according to Bloomberg calculations, and later recovered to more than $300 million. Chen said the fund was replenished with its own money, is verifiable on-chain, is separate from customer reserves, and that losses would not be passed on to users. A September 29 proof-of-reserves report showed a self-reported reserve ratio of 131%, with all 19 assets above 100%. On September 30, reports from Mandiant and SlowMist said attackers compromised two third-party security products and entered the production wallet system; the earliest malicious activity traced back to an August 31 zero-day vulnerability, giving attackers privileged internal access, allowing them to bypass normal withdrawals, though no private keys were stolen. Chen said the methods were sophisticated and that the attackers deleted traces, hindering the investigation. The reports did not identify the products or attribute the attack to North Korea; Chen said preliminary indicators were highly consistent with North Korean hacking groups. Bitcoin, Ethereum, and USDT withdrawals have resumed, while other cryptocurrencies, fiat, and P2P are scheduled to resume on Friday.
@@@
All right, that's all for today's show. Thank you for being with us, and may tonight be relaxing and happy for you. If you like our show, you're very welcome to subscribe and share it with your friends—it helps us a lot. See you next time!
