[Morning Report] TSMC has a total market value of 1 trillion dollars, and the SOX index continues to grow for 6 days, boosting the Fed's interest rate cuts due to slowing US inflation expectations? Today's Speaker's Testimony

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TSMC's market capitalization reaches $1 trillion
At the NY market on the 8th $Taiwan Semiconductor(TSM.US)$American Depositary Receipts (ADR) temporarily rose 4.8% immediately after the start of trading, and it seems that they have broken through 1 trillion dollars (about 160 trillion yen). Stock prices have risen by over 80% since the beginning of the year. rice $Apple(AAPL.US)$Ya $NVIDIA(NVDA.US)$It has been reported that TSMC is being selected by investors around the world who invest in artificial intelligence (AI) as a supplier that supplies important semiconductors to

The SOX index continued to rise for 6 days, and Intel and AMD rose
Philadelphia Semiconductor Stock Index ( $PHLX Semiconductor Index(.SOX.US)$) continued to increase drastically for 6 days. Individually, $Intel(INTC.US)$、 $Advanced Micro Devices(AMD.US)$、 $Marvell Technology(MRVL.US)$、 $Rambus(RMBS.US)$、 $Wolfspeed(WOLF.US)$、 $Coherent(COHR.US)$、 $Broadcom(AVGO.US)$etc. rose, and it became almost completely high.
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NY Federal Reserve inflation expectations have slowed for 2 consecutive months, boosting the Fed's interest rate cuts
According to the June consumer survey announced by the NY Federal Reserve, 1-year inflation expectations were 3.02%, down from 3.17% in May. 2 consecutive months of decline. Federal Reserve Chairman Powell is scheduled to testify to Congress once every six months this week on monetary policy and the economy. He will testify before the Senate Banking Committee on the 9th and at the House Financial Services on the 10th. The chairman is expected to face interest rate reduction pressure from Democratic Party members in particular and questions surrounding bank regulations.

Eli Lilly to acquire biopharmaceuticals in the US for 3.2 billion dollars
A major rice pharmaceutical company $Eli Lilly and Co(LLY.US)$Is the 8th, a biopharmaceutical company $Morphic(MORF.US)$It was announced that an agreement was reached to acquire (Headquarters: Massachusetts) for 3.2 billion dollars (approximately 510 billion yen). Eli Lilly will pay $57 per share of Morphic. This is a level where a 79% premium is added to the closing price of 31.84 dollars on the 5th.

[MW] Lucid, an emerging EV, is high, rapid increase in car deliveries for the April-6 fiscal year
Emerging electric vehicle (EV) manufacturer Lucid Group rose nearly 4% from the previous weekend in the US stock market on the afternoon of the 8th. The rapid increase in car deliveries for the April-6 fiscal year (2nd quarter) has been well received. Meanwhile, production volume for the April-6 fiscal year declined. Concerns have recently spread that a slowdown in EV demand will lead to oversupply, and a decrease in production volume may contribute to mitigating concerns.

Trump may announce his vice presidential candidate later this week
Senior Advisor Miller said there is a possibility that former President Trump's vice presidential candidate will be announced later this week. It was reported by American ABC News. Miller said, “By this time next Monday, we'll know who Mr. Trump chose as his companion.”
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