TAMPA, Fla., Oct. 3, 2025 /PRNewswire/ — The U.S. Treasury yield curve, DoubleLine Global Bond Portfolio Manager Bill Campbell writes in a new research paper, likely will steepen further under the effects of both federal funds rate cuts on short-term interest rates and fiscal pressures elevating the term premium embedded in longer-term Treasury yields.

The paper, titled “Yield Curve Steepening in the Near Term, Risk of Higher Term Premium Further Out,” can be downloaded here: https://doubleline.com/wp-content/uploads/DoubleLine_Yield-Curve-Term-Premium_September-2025.pdf

“In this cycle and beyond,” Mr. Campbell writes, DoubleLine’s “investment team will remain vigilant for upward fiscal, monetary and political pressures that risk escalating the term premium embedded in Treasury rates. For reasons which I’ll outline below, political gridlock in Washington, D.C., including the Oct. 1 shutdown of nonessential government operations, does not alter this outlook.”

The key risk “to the steepener trade,” according to Mr. Campbell, “would be a change in the Fed’s balance sheet policy. In June 2022, the Fed resumed engaged in QT by reducing its holdings of Treasury securities and Agency mortgage-backed securities…. To date, the Fed has maintained a resolute focus on a careful balancing of inflation and employment mandates. However, given the policy preferences aggressively pursued by the White House, the possibility one day of a politicized Fed bent on yield curve control cannot be dismissed for the future.”

Mr. Campbell joined DoubleLine in 2013. He oversees the firm’s Global Sovereign Debt team and serves as a Portfolio Manager of the DoubleLine Emerging Markets Local Currency and Global Bond strategies. He is a permanent member of the Fixed Income Asset Allocation Committee. He holds a B.S. in Business Economics and International Business, as well as a B.A. in English, from Pennsylvania State University. Mr. Campbell holds an M.A. in Mathematics, with a focus on Mathematical Finance, from Boston University.

About DoubleLine

DoubleLine Capital LP is an investment adviser registered under the Investment Advisers Act of 1940. DoubleLine’s offices can be reached by telephone at (813) 791-7333 or by email at info@doubleline.com. In addition to its headquarters in Tampa, FL, and an office in Los Angeles, DoubleLine has offices in Dubai, London and Tokyo. Media can reach DoubleLine by email at media@doubleline.com.

DoubleLine® is a registered trademark of DoubleLine Capital LP.

PARIS, Oct. 3, 2025 /PRNewswire/ — Following its successful backstage debut earlier this year, global K-beauty leader COSRX returned to Paris Fashion Week, collaborating with international artist agency RAVE to sponsor two of the week’s most anticipated shows — Courrèges (Sept. 30) and Caroline Hu (Oct. 1). COSRX supported the backstage teams with its core skincare heroes and newly launched haircare innovations, ensuring models were runway-ready under the direction of world-renowned artists Thomas de Kluyver and Eugene Souleiman.

“Fashion Week is a true global stage, and we are proud to once again support its backstage teams — this time with both our core skincare heroes and our newest PEPTIDE-132 haircare trinity.” said a COSRX representative. “Bringing the ultimate glow to the skin and hair at Paris Fashion Week reflects not only our innovation but also the trust professionals place in COSRX.”

COSRX’s role as an official backstage sponsor of Paris Fashion Week’s September main season is a milestone in itself. Traditionally, these shows rely on in-house beauty lines or major global affiliates, leaving little room for outside brands. Verified records confirm that this marks the first time in the 53-year history of Paris Fashion Week that a Korean brand has officially partnered backstage for the September main season. More than a sponsorship, it signals a cultural and industry breakthrough — K-beauty making its mark at the very heart of global fashion and beauty.

Courrèges Glow: Skincare That Radiates Under the Lights

Backstage at Courrèges, London-based makeup artist Thomas de Kluyver, known for his collaborations with Miu Miu, Hermès, and Jean Paul Gaultier, relied on COSRX’s targeted formulas to create glowing, hydrated, and makeup-ready skin.

Backstage Skincare Essentials

• The 6 Peptide Skin Booster Serum: A lightweight booster that firms and hydrates, enhancing every step that follows.
• The Peptide Collagen Hydrogel Eye Patch: Collagen eye patches that de-puff and smooth, reviving tired eyes instantly.
• The Ceramide Skin Barrier Moisturizer: A highly concentrated ceramide moisturizer that locks in hydration, soothes the skin, and replenishes the moisture barrier
• The Ceramide Skin Barrier Moisturizing Mist: A refreshing spritz that locks in hydration and calms the skin barrier.

Caroline Hu Glow: Haircare That Elevates Style on the Runway

At Caroline Hu, backstage hair was directed by Eugene Souleiman, one of the most influential figures in hair design and wigs. For the first time at Paris Fashion Week, COSRX introduced its Peptide-132 Hair Care line, supporting glossy, resilient hair looks that withstood the runway’s demands.

Backstage Haircare Essentials

• PEPTIDE-132 Ultra Perfect Hair Bonding Shampoo: The patented PEPTIDE-132 fills in damaged strands, reinforcing broken protein bonds from within. A rich, luxurious lather gently cleanses the scalp and hair of impurities while infusing deep hydration and nutrients—leaving your hair visibly healthier, shinier, and stronger from root to tip.
• COSRX PEPTIDE-132 Ultra Perfect Hair Bonding Treatment: Designed for the mid-lengths to ends- where damage tends to show the most, the advanced formula with PEPTIDE-132 delivers intensive nourishment to dry, brittle strands, leaving hair visibly softer, smoother, and more resilient.
• COSRX PEPTIDE-132 Ultra Perfect Hair Bonding Oil Serum: Infused with patented PEPTIDE-132, this high-performance bonding oil serum penetrates deep into damaged strands, reinforcing weakened areas and restoring strength from within.

By supporting Courrèges and Caroline Hu backstage at Paris Fashion Week, COSRX demonstrated the performance of its skincare and haircare innovations under the pressure of one of fashion’s most prestigious stages. With glow delivered from skin to hair, COSRX continues its evolution from a K-beauty bestseller into a trusted partner for professionals worldwide.

About COSRX
Founded in 2013, COSRX is a global skincare brand known for its “essentials-only” approach: highly effective ingredients, concentrated formulas, and affordable prices. Trusted by millions worldwide and powered by social media virality, COSRX has grown into one of the most influential K-beauty brands across skincare and haircare. COSRX is also on Instagram + TikTok.

NEW YORK, Oct. 3, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on October 3rd

• Stocks are up fractionally early Friday after the S&P 500 rose to a new high yesterday. AI names boosted the overall market as traders bought tech shares during the government shutdown.
• September’s non-farm payrolls report will not be released today after the Labor Department paused activity during the shutdown. A read on the private sector Wednesday showed the economy lost 32,000 jobs last month.
• The NYSE welcomes the National Cricket League to celebrate the kickoff of its second season. Its inaugural tournament begins today in Dallas with the NYSE Texas logo on its jerseys.

Opening Bell
National Cricket League celebrates the kickoff of its second season

Closing Bell
FutureCrest (NYSE: FCRS.U) rings the Closing Bell

Click here to download the NYSE TV App

Video – https://mma.prnasia.com/media2/2788483/NYSE_Oct_3_Market_Update.mp4 

XIAMEN, China, Oct. 3, 2025 /PRNewswire/ — “EPWK curated goods, light up the surprise of daily life”. Recently, the author learned from EPWK (NASDAQ stock code: EPWK) , the “first stock of China’s crowdsourcing platform” on NASDAQ global market in the United States that the company will launch “EPWK Curated Goods – Creative Physical Commodity Mall” in the next three months, positioned as the “source of new pragmatic life”, focusing on digging and providing creative physical goods with excellent design, practical function and emotional resonance, for modern consumers who pursue life quality, and upgrade ordinary daily life into an experience full of surprises and beauty. In the future, EPWK Curated Goods will enter the international market and launch the English version, building a complete and high-quality brand.

EPWK curated goods, light up the surprise of daily life

Guohua Huang, the founder/CEO of EPWK, said that the establishment of “EPWK curated goods” and entering the field of creative physical commodities is one of the matters that the team has planned for years. It includes four aspects of market opportunities: first, the trend of consumption upgrading: consumers change from “buyable” to “buy good” and are willing to pay for design, quality and experience; second, the aesthetic period: in the era of social media, good-looking and shareable products have their own communication attributes; third, emotional consumption demand: in material abundance times, commodities are not only tools, but also carriers and emotional sustenance of personal taste and life attitude; fourth, gift market potential: creative goods are an excellent choice for birthday, anniversary and holiday gifts, and the market is huge.

The needs of consumers have not been fully met. The advantages of high-end design brand collection stores are in its design and brand identity, but the price is high, favoring large household items; the creative channels of large e-commerce platforms have the advantages of supply chain and traffic, but the product homogeneity is serious, and they lack personality and curation (fine Select); The advantage of Vertical creative platform (such as: Xiaohongshu community, some independent designer stores) lies in the atmosphere and uniqueness of the community, but it lacks of purchase trust and supply chain stability.

The breaking point of EPWK is to find an accurate balance between “popularization” and “nicheization”. We are not as broad as strict selection, nor as high-minded as independent designers. We are the “curators of life”, strictly screen users, and provide “new utilitism” curated goods with acceptable prices, ingenious designs and down-to-earth functions.

EPWK curated goods, an explorer of urban life

According to the introduction, the target core users of “EPWK curated goods” mall will be “urban life explorers” who are 25-40 years old, mainly distributed in first- and second-tier cities and have radiating influence on third-tier cities. They are mainly white-collar workers, creative workers, teachers, young managers, etc., and have good educational background and stable income of medium and above. They pay attention to the quality of life: they are willing to pay for improving happiness within their power.

The characteristics of these target groups include: aesthetic, appreciation of good design; rational and sensible, not only value the practicality of the product when shopping, but also easily moved by its design ingenuity; willing to share, is the “grass planting machine” in the circle of friends; there is a need to buy gifts, often worried about what gifts to give, seeking unique solution.

EPWK was established in March 2011, which is the first digital intelligent creative trading service e-commerce platform in China to be listed in the United States. As of June 30, 2024, the cumulative registered users of EPWK have exceeded 25.66 million, covering more than 2,800 cities and counties, and the number of completed projects has exceeded 4.6 million, with GMV exceeding 1.67 billion US dollars. EPWK was selected as a typical case of China’s Shared Economic Development Report (2019) of the National Development and Reform Commission. At the same time, the company is the initiator and formulation unit of the group standard of the Creative Knowledge and Skills Sharing Platform Service Specification in China; it is a national high-tech enterprise, a national demonstration base for the integration of culture and science and technology, an e-commerce demonstration enterprise of the Ministry of Commerce, and a project undertaking unit of the national science and technology support plan.

EPWK curated goods, the source of the new pragmatic life

“EPWK curated goods” is not only a shopping mall, but also a platform for users to get inspiration from life. Mei Feng, the head of EPWK product technology, explained the core brand positioning of EPWK curated goods: “the source of the new pragmatic life”. She said that neopragmatism will go beyond “use-only”: our definition of “practicality” is not only the satisfaction of basic functions. For example, a cup that conforms to ergonomics is “old practical”, while a cup that is also in line with ergonomics and has a starry sky projection at the bottom of the cup, which can accompany you to sleep at ease, is “new practical”. It is a combination of “functional practical + emotional practical + aesthetic practical”. And the source of new pragmatic life shows that the project is curated, not simply sold: we are not the stackers of shelves. Like museum curators, we “curate” the most worthy part from a large number of goods with a clear theme and aesthetic standards to save the screening cost for users.

“We are tired of repeated life, so we embark on a journey to find curated goods. Each selected product must pass our strict ‘three good’ standards: good-looking, easy to use, and good surprise. We believe that real curated goods can light up every ordinary day. Mei Feng, the head of EPWK product technology said, EPWK curated goods will maintain the style and taste, rejecting low quality and cheapness. We’ll always pay attention to the story behind the product and the emotional connection with users.

The brand positioning of “EPWK curated goods” is by no means simply to sell “creative products”, but to advocate a “new pragmatism” life attitude. EPWK will provide users with verified goods that can effectively improve the quality of life and pleasure through the strict “curation” model, and become their trusted “life selection officer”. In the end, the ideas of “buying something good to treat yourself” and “giving a different gift to important people” can be the most satisfactory realization in “curated goods”.

Guohua Huang, the founder/CEO of EPWK said: Focusing on building a “configuration hub” of global creative resources, EPWK will strive to play the role of “global creative resource router” in the future and expand three major tracks: the internationalization of platform creative transactions, the physical productization of creative design, and the serialization of enterprise AI tools; These functions will be achieved on three platforms: EPWK International (intl.epwk.com), Chinese and English Version of EPWK curated goods, and Xiaowei Intelligent Aggregate (https://www.xwzn.cn/mobile). At the same time, EPWK will take advantage of the resource advantages of its’ listing on NASDAQ to quickly integrate target enterprises and resources in China and worldwide through investment mergers and acquisitions, to release the value of EPWK and to expand its business globally.

SINGAPORE, Oct. 3, 2025 /PRNewswire/ — The Token2049 Summit, one of the world’s leading conferences for crypto and fintech, was held in Singapore on October 1–2. The event brought together more than 20,000 industry professionals and thousands of companies and institutions, reinforcing its role as a key barometer of global blockchain and fintech development.

Interlace, a global leader in card issuance and fund management platforms, made its presence known at Token2049 Singapore, actively participating in several events. The company also announced that it has surpassed the milestone of issuing over 6 million cards, serving more than 12,000 enterprise clients, with a payment network spanning over 180 countries and regions. This achievement reflects the widespread acceptance of stablecoin-based payment models and underscores Interlace’s leadership and successful practices in scaling, compliance, and ecosystem development.

Interlace: The Innovative Financial Bridge Between Web2 and Web3

As a leading global platform for card issuance and fund management, Interlace is committed to becoming the financial bridge between Web2 and Web3. Through a comprehensive suite of products, including accounts, payments, card services, API interfaces, and wealth management, Interlace helps enterprises achieve complete fund management from “on-chain assets” to “off-chain consumption.”

To date, Interlace has issued over 6 million cards and serves more than 12,000 enterprise clients, with a payment network covering over 180 countries and regions, validating its industry-leading position in terms of scale and global operations. In terms of global compliance, Interlace holds financial licenses in the U.S., Hong Kong, Lithuania, and other regions, and is PCI DSS Level-1 certified, providing businesses with secure, auditable fund transfer guarantees. The platform supports over 40 mainstream fiat currencies and cryptocurrencies, including USDT and USDC, establishing a unified fund management and payment system for global enterprises.

With its extensive client coverage, forward-thinking compliance strategies, and full-stack product ecosystem, Interlace is not only a provider of payment products but also a foundational element of the stablecoin compliance and payment ecosystem. During Token2049, Interlace shared insights into its innovative products, compliance advantages, and ecosystem value, showcasing its ability to offer full-stack financial services.

Industry Trends: Stablecoins Drive Payment and Settlement Upgrades

On October 1st, Interlace’s CBDO Mark Homeier was invited to the PayFi Huma Summit, where he shared practical business insights—payment efficiency, security, and compliance are the core factors for businesses in deciding whether to adopt stablecoin payments. At the Stablecoin Summit, Mark also gave a keynote speech titled “How Stablecoins Are Changing the Financial Landscape,” emphasizing that the integration of stablecoins with traditional payment systems can significantly reduce settlement times, lower exchange costs, and enhance fund transparency, making stablecoins a key tool for enterprise payments and fund management.

Since its founding in 2019, Interlace has aligned with industry trends, pioneering a platform that covers over 40 major fiat and cryptocurrency assets to enable unified management and exchange between fiat and crypto. Supported by global accounts, Infinity Cards, and CaaS APIs, the platform facilitates enterprise transfers, crypto payments, and card issuance across diverse scenarios, truly closing the loop from “on-chain assets” to “off-chain consumption.”

Compliance as a Strong Foundation for Scalable Growth

At the Web3 Finance: Powering the Future of Trust Summit, Interlace’s Head of Compliance and Operations, Henry Chan, was invited to share his insights into the regulatory challenges faced by stablecoins in practice. He noted that as global regulations tighten, compliance requirements like KYC, KYB, and AML have become essential barriers for enterprises adopting stablecoin payments.

“Balancing compliance and user experience is a common challenge in the industry,” Henry said. “Interlace achieves ‘seamless compliance’ through the smooth design of its products, allowing users to enjoy the convenience of decentralization while still meeting regulatory requirements across different countries, thus laying the foundation for the long-term healthy development of the industry.” Interlace embeds compliance and risk control deeply into product design: using non-custodial MPC wallets to ensure fund security, integrating on-chain AML and KYC systems for real-time risk control, and balancing decentralization and compliance in an ideal manner.

Ecosystem Strategy: Building a Full-Stack Enterprise Financial Services Platform

Interlace’s founder and CEO, Michael Wu, was invited to attend the “Building Value through Connection: Stablecoin Payment Ecosystem Synergy and Future Landscape” forum, where he expanded on the development of stablecoins. He noted that stablecoins are becoming the value bridge connecting Web3 and traditional finance, and Interlace has built a comprehensive financial ecosystem based on “accounts + payments + card services + wealth management” to support this bridge’s infrastructure.

Michael explained that Interlace connects fund flows through seamless exchange between cryptocurrencies and fiat currencies, based on enterprise accounts. Additionally, by leveraging 30+ card BIN resources, the platform supports multiple usage scenarios, enabling efficient fund transfers for Web3 enterprises, exchanges, OTAs, advertising, and payroll. For idle funds, Interlace offers low-risk, high-liquidity fund management, allowing stablecoins to reach both businesses and consumers, forming a complete ecosystem. This ecosystem not only enhances payment efficiency but also creates sustainable value for enterprises.

With this comprehensive ecosystem strategy, Interlace not only provides tools to businesses but also plays a pivotal role in the stablecoin-compliant payment ecosystem, driving deep integration between Web3 and traditional finance.

In addition to core topics, Interlace participated in several events such as the Stablecoin Summit, Hack Seasons Conference, and Investor Dinner, deepening its global partnerships and accelerating the co-building of the global payment ecosystem. At Token2049 Singapore, Interlace clearly communicated its core advantages: fortified compliance foundations through multi-region financial licenses and technical certifications, and an end-to-end product solution that meets the practical needs of businesses with “stablecoin payments + card services + compliant settlement capabilities + wealth management.” In the future, the team will focus on advancing its global compliance strategy, enhancing product and technical capabilities, and providing more secure, transparent, and scalable payment and settlement solutions for global enterprises, further solidifying its industry position as the financial bridge between Web2 and Web3.

PALO ALTO, Calif., Oct. 3, 2025 /PRNewswire/ — Hesai Technology (NASDAQ: HSAI; HKEX: 2525), a global leader in lidar solutions, today announced the production of its 1,000,000th lidar unit in 2025, making it the first lidar company worldwide to exceed one million units in annual production. This achievement underscores Hesai’s capability to deliver large-scale, high-quality lidar at unprecedented speed.

This milestone also marks Hesai’s achievement of its first corporate vision since founding: “By 2025, enable 1% of vehicles worldwide with 3D perception*.”

“The 2025 vision we had set is now within reach, and it is a proud moment for us,” said Hesai’s Co-Founder and CEO, David Li. “The AI era empowers us to dream big and provides the foundation to realize those dreams. We will continue to make lidar the ‘eye’ of intelligent vehicles and robots, advancing toward our goal of elevating human lives.”

Hesai’s success is built on its industry-leading manufacturing system and in-house R&D capabilities, enabling rapid product iteration, strict quality control, and highly scalable production. Its fully automated production lines—capable of producing one lidar every 20 seconds—leverage advanced manufacturing technologies to ensure speed and consistency at scale.

Hesai’s proprietary Smart Cloud MES system enables full-chain traceability, real-time quality management, and micro-level line control, preventing defective products from leaving the factory. Hesai is also the only company in the industry to independently develop all seven key lidar components. Its product portfolio—including the AT, ET, FT, XT, OT and JT series—has secured numerous global mass-production contracts.

With explosive demand in ADAS and robotics applications, Hesai currently holds three No. 1 positions in the automotive lidar market worldwide: No. 1 in overall automotive lidar market share, No. 1 in ADAS lidar market share, and No. 1 in Level 4 autonomous driving lidar market share.

In ADAS, Hesai lidar has become a standard safety feature, with over 120 vehicle models across 24 OEMs scheduled for production between 2025 and 2027. Key partners include a top European OEM, a leading global automaker in NEV sales, Li Auto, Xiaomi, Changan, Geely, Great Wall Motor, Chery, Zeekr, Leapmotor, SAIC Audi, SAIC-GM, a Toyota joint venture, among other top automakers.

In robotics, Hesai supplies nine of the world’s top ten robotaxi service providers, including Motional, Baidu, Didi, Pony.ai, WeRide, and other leading autonomous driving companies. Hesai’s JT series lidar achieved cumulative deliveries of over 100,000 units within five months of product launch, setting an industry record.

As of Q2 2025, Hesai has delivered over 1.37 million lidar units cumulatively across ADAS and robotics markets. The company’s planned production capacity for 2025 is 2 million units, with annual deliveries projected between 1.2 and 1.5 million units.

*According to S&P Global Mobility’s early 2025 forecast, global new car sales in 2025 are expected to reach 89.6 million units, with production totaling 88.7 million units. Source