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CCTV Script Weekly 10/09/21

— This is the script of CNBC's news report for China's CCTV on September 10, 2021, Friday.

Being the richest man in the world, Jeff Bezos has been focusing on his space business lately, but it seems that he still wants to extend his time on earth nevertheless.  He has invested in Altos Labs, a Silicon Valley tech startup dedicated to discovering how to reverse the aging process to extend lifespan, reported by MIT Technology Review. This is not the first time Bezos has invested in anti-aging biotech. In 2018, he invested in a similar start-up called Unity Biotechnology. 

"What does the world's richest man still want after making all those billions? More time to spend them", The Times comment on that investment move. Elon Musk, who is having some legal disputes with Bezos lately, took to the social media to mock Bezos "and if it doesn't work, he's gonna sue death!"

While the risks of starting a high-tech biomedical business are extremely high, the rewards can be staggering. Industry statistic shows the size of the anti-aging market worldwide is expected to reach $422.8 billion by 2030, more than twice of last year's market size.

While billionaires dream of eternal life, ordinary people just hope to have their own property.

According to a new Lending Tree survey, 48% of renters worry they won't be able to afford a home during their lifetimes, that concern is most acute among Gen X (born between 1965 and 1980 ) and millennials (born between 1980 and 1990). The specific reason behind that is the down payment required, with 54% of renters worrying they do not have enough money to pay for that. The U.S. middle class depends on home equity as a source of wealth more so than wealthy families, according to the Pew Research Center. But rising house prices also push up household debt. Household debt rose by its highest dollar amount of $15 trillion in 14 years during the second quarter, thanks mostly to a surge in the housing market, the Federal Reserve reported last month. 

EI Salvador becomes the first country to adopt bitcoin as national currency this week, but U.K. and U.S. watchdogs warned on further regulation on cryptocurrency. Charles Randell, chair of the U.K.'s Financial Conduct Authority, said in a speech on Monday that Kim Kardashian's post about unknown crypto tokens may put retail investors at risk. In June this year,  Kardashian promoted the little-known crypto-token Ethereum Max on her social platform Instagram,  where she has around 250 million followers. 

She flagged that post as an advertisement, which is in line with the social platform's rules. However, Randell noted that even the crypto-token contains "Ethereum" in its name which is the second-largest cryptocurrency in the world by market value, but it was actually developed by an unknown developer a month before the promotion. 

Randell stressed that he did not know whether Ethereum Max was a scam. However, he added that: "Social media influencers are routinely paid by scammers to help them pump and dump new tokens on the back of pure speculation." and some coins " turn out simply not to exist at all." 

Previously, Elon Musk's comments and promotions about Dogecoin on social media also sparked huge controversy and drew attention from the U.S. Securities and Exchange Commission. 



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