French Justice Minister: Since Saturday, 2,700 people have been detained by police for participating in riots and looting.

The Ministry of Industry and Information Technology (MIIT) and seven other ministries issued the 15th Five-Year Plan for Enhancing Industrial Base Capabilities, directing AI to accelerate industrial foundational innovation. The plan prioritizes R&D of both general-purpose and industry-specific large models for industrial sectors, integration of mechanistic industrial models with agent decision models, and development of intelligent-native foundational products. It promotes model-as-a-service and agent-as-a-service business models and calls for rapid deployment of AI across product R&D, design simulation, pilot verification, and production operations to boost intelligent process management, analytics/forecasting and decision execution, and to accelerate iteration of industrial-base innovation.

Domestic News: 1. The "Measures for the Administration of Outward Investment" were released and will take effect on December 1st. 2. Report: No chain of forced liquidations has occurred in leading AI stocks as rumored online. 3. The 7.0 magnitude earthquake in Nagqu and Baqing, Tibet, has resulted in 16 deaths and 46 injuries. 4. The 25th session of the 14th National People's Congress Standing Committee was held in Beijing from November 2nd to 6th. 5. The Ministry of Industry and Information Technology's NVDB issued a risk warning regarding a critical vulnerability in PHP remote code execution. International News: 1. Macron: Demonstrations by non-union organizations are prohibited. 2. Spot gold fell below $4050 during trading, and spot silver dropped more than 6%. 3. Moderna's stock price plummeted nearly 25% during trading after data on its melanoma cancer vaccine was leaked prematurely. 4. Initial jobless claims in the United States fell to 194,000, a three-month low and approaching a 57-year low. 5. Turkey's central bank cut interest rates by 100 basis points to 36% from 37%, its first rate cut since January. 6. The US stock market reassessed the sustainability of the AI boom, with the Nasdaq falling 2.6%, its biggest drop since June, as the market turned to bonds. 7. Meta's total spending commitments surged to $825 billion, and the price of its 5-year CDS, a measure of credit risk, rose to about 120 basis points on Thursday. 8. Yields on various maturities of US Treasury bonds fell 16 basis points, with the 10-year yield falling below 5%. The yield on French 10-year government bonds surpassed that of US Treasuries for the first time in 13 years, and the price of French 5-year CDS broke through 100 basis points. 9. Middle East situation— ① Trump: Iran fabricated false attacks, mine-laying, and other incidents to drive up oil prices. ② Trump: We have dealt a heavy blow to Iran, and we may go further. ③ The Yemeni government forces claimed to have launched 780 strikes against Houthi rebels in the past 24 hours. ④ U.S. Central Command: Has blocked Iran from exporting at least $25 billion worth of crude oil.