Wells Fargo cuts WESTERN DIGITAL CORP (WDC.O) PT to $450 from $730.

Li Auto (02015.HK) said its chip unit Shanghai Mahexin Technology signed a first‑round equity financing agreement for 1.625 bln yuan led by Hangzhou Jingtao, Lanchi Ventures and Huaye Tiancheng, with participation from Qiji Chuangtan. Lead investors received a top‑up subscription right of up to 500 mln yuan; if fully exercised the post‑money valuation would reach 17.1 bln yuan. Proceeds will fund Mahexin’s chip R&D and commercialization, with emphasis on non‑automotive applications, supporting Li Auto’s longer‑term chip and domain‑controller strategy.

美聯儲主席沃什：美聯儲需要爲“下一個政策週期”做好準備。