Marijuana and Coins as Presidential Election Beneficiaries? ... Bloomberg's 'Pick' Reason [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① AI Growth Stops in 2 Years...Data Cliff
② Korea-China Exports...Overlap with ASEAN and Mexico
③ If Insufficient, Make It Yourself...‘Synthetic Data’

MARKET INDEX

- US New York Stock Exchange's three major indices closed slightly higher
- Some tech stocks like Amazon drove investor sentiment

- Investors focus on indicators such as inflation index

Top3 NEWS

■ Find the Beneficiaries of the US Presidential Election… Bloomberg's Pick is 'This'

- Biden beneficiaries: electric vehicles and cannabis
- Trump beneficiaries: energy and cryptocurrency
- Concerns over trade tensions if Trump is elected

■ "AI Growth May Halt in 2 Years"… Warning of a Data Cliff

- High-quality data for AI training is running out
- Soaring data costs increase burdens
- Reliance on overseas data, resorting to loopholes

■ "Korea-China Export Items Overlap with 40 ASEAN and 9 Mexico Items… Urgent Need for Investment-Export Linked Strategy"

- KITA: Competition in cars, petrochemicals, steel, ships, etc.
- Calls for advanced strategies linking investment and exports
- China explores ASEAN as part of US containment strategy

the Chart : 'Make Your Own Data When Lacking?'… Synthetic Data Gains Attention

- Artificially created 'synthetic data' draws attention
- Negative opinions such as 'performance degradation' also presented
- Domestic data industry grew 4.6% year-on-year

Profitable Law

■ Samsung and LG Lawsuits Mostly Handled by 'Fish & Richardson'

- The law firm most frequently appointed in Samsung and LG patent infringement lawsuits
- Intellectual Property (IP) specialists… 102 appointed for Samsung, 26 for LG
- Second place is 'Gillam & Smith'… IP litigation specialist lawyers available
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024062613133425297

■ 'Cannot Identify Suspect'… Difficulties in Investigating North Korea-Originated Hacking

- Major national institutions such as courts, prosecution, and police suffered hacking
- Investigation and punishment face difficulties… discussions on treaty participation at a basic level
- Often conclude 'investigation suspended' in cases of North Korean hacking
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024062613144730233

■ "Among 16 Trillion Won Global LegalTech Market, 30% Investment Expected Within 2 Years"

- Lee Seong-yeop, President of Korea Data Law Policy Association, gave congratulatory remarks at academic conference
- "LegalTech is a new legal service combining law and technology"
- Approximately 7,486 global LegalTech companies… investment scale is 16 trillion won
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024062613172038122

※ 'Profitable Law,' a content partnership corner between Asia Economy and Law Times, is published every Tuesday and Thursday.

Terms in the News: Pilgrimage Disaster… 'Islamic Hajj' Chaos Amid Heatwave

- Ministry of Health reports 1,301 heat-related deaths during Hajj period
- 'Killer heat' exceeding 50 degrees continues… six times more deaths than last year
- "Extreme risks expected in 2047-2052 and 2079-2086"

Today's Key Schedule

○ Domestic

- 06:00 July Manufacturing Business Survey Index
- 27th KOSDAQ Hyzen R&M listing, public offering price 7,000 won

○ Overseas
- 18:00 Bank of England Financial Stability Report
- 19:00 European Summit
- 21:30 US Q1 GDP
- 21:30 US Initial Jobless Claims
- 23:30 Atlanta Fed Q2 GDPNow

◇ Lunch & Commute Weather

○ Lowest temperature 20℃(▲1℃) ｜ Highest temperature: 33℃(▲3℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning moderate｜afternoon moderate

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.