3.8 • 950 Ratings
🗓️ 16 October 2025
⏱️ 5 minutes
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Thursday, October 16th. I'm Julie Morgan. There's a major accusation against Neo and investors are not happy. |
| 0:18.3 | Invidia is teaming up down under, and when you want your order fast, |
| 0:22.9 | we've got the 10 quickest drive-thrus and the top spot might surprise you. |
| 0:28.2 | Hong Kong listed shares of Neo fell more than 8% after Singapore's sovereign wealth fund, |
| 0:34.7 | GIC, filed a lawsuit against the Chinese CV maker, accusing it of |
| 0:39.5 | inflating revenues and violating securities laws. The complaint alleged that Neo improperly |
| 0:45.3 | recognized over $600 million in leased battery revenue through Wei Nong, a superficially |
| 0:51.6 | independent battery asset firm that was actually controlled by NEO. |
| 0:56.4 | The lawsuit stated that NEO issued materially false and misleading statements and omissions |
| 1:02.1 | that misrepresented Nio's relationship to Weyong and the company's true revenue and earnings |
| 1:08.3 | figures, which artificially inflated the value of Neo securities. |
| 1:13.3 | GIC, which bought Neo shares between August 11th of 2022 and July 11th of 2023, |
| 1:20.7 | said it suffered significant losses as a result. Following the news, Neo shares on the Singapore |
| 1:26.3 | Exchange also fell 7.9%. |
| 1:29.5 | Neo is down 6.6% in pre-market action on the NYSE. |
| 1:35.8 | Nvidia is teaming up with Firmus technologies to build a massive fleet of renewable energy-powered AI data centers across Australia. |
| 1:45.0 | Firmus said in a statement that construction is already underway on two data centers in Melbourne |
| 1:50.4 | and Tasmania for Project Southgate, a $2.9 billion undertaking that will utilize 150 megawatts of power. |
| 2:00.0 | Facilities will use Nvidia's GB300 chips and are expected to come online by April. |
| 2:06.9 | And if you like it in a jiffy, we've got the top 10 list of the fastest fast food restaurant |
| 2:12.1 | chains, according to the latest QSR drive-thru report. |
... |
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