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Golden Finance April 7｜All three major US stock indexes closed higher, with the Nasdaq up 0.54%, the S&P 500 index up 0.44%, and the Dow Jones up 0.36%. The storage chip sector rose, with Seagate Technology up more than 5%, Western Digital and SanDisk up more than 3%. Invesco’s stock price closed down 5.2%, marking the largest single-day drop since last October. Blue Owl Capital closed down 1.4%, hitting a historic low at the close.

The two parties reached a consensus on the clinical development pathway of Renu® regenerative cell technology for the treatment of knee osteoarthritis pain. The company clearly stated that it will accelerate the regulatory submission process based on the meeting's guidance and plans to officially submit a Biologics License Application (BLA). This innovative therapy aims to target and repair knee cartilage tissue through a cell regeneration mechanism, providing a new non-surgical intervention option for hundreds of millions of osteoarthritis patients worldwide. This milestone event marks a significant breakthrough in the commercialization process of the Renu® product. Industry analysts pointed out that if approved for market launch, this product could reshape the market landscape of the orthopedic pain treatment sector. Influenced by this positive news, the company’s stock price showed an upward trend in after-hours trading.

Jinse Finance reported that on April 7, the cryptocurrency-backed political action committee (PAC) Fairshake stated it had spent over $130 million on media buying for the 2024 election. The committee said in January that it has $193 million in campaign funds available through the November 2026 midterm elections. The organization is not the only group supporting cryptocurrency nationwide. Fellowship PAC claims to have raised "over $100 million" from undisclosed backers closely linked with the cryptocurrency industry, and on Wednesday, announced the appointment of Tether executive Jesse Spiro as chairperson.