[Overnight global news you need to know on Tuesday: European and American stock markets rose across the board, many U.S. semiconductor chip stocks soared by more than 10%, Fed Musallem said further interest rate hikes may be needed, Trump talked about AI development] 1. Fed Musallem said that interest rates may need to rise further to curb inflation driven by demand and supply; it is best to raise interest rates "early and gradually." 2. Regarding artificial intelligence, Trump said that the United States will remain cautious and restrict AI when necessary, but its overall position is that it will only encourage the development of AI. 3. EU member states reached an agreement on extending sanctions against Russia and agreed to extend relevant sanctions for three years. 4. The Governor of the Bank of Canada said that the inflation forecast will affect the decision-making in October, and it is necessary to decide whether to raise interest rates to guide the CPI back to 2%. 5. U.S. stocks opened higher and moved higher. The three major indexes collectively closed higher. The Nasdaq rose 2.26%, the S&P 500 rose 1.49%, and the Dow Jones Industrial Average rose 0.71%. The Philadelphia Semiconductor Index rose 4.29%, its best single-day performance since August 4. Many semiconductor chip stocks such as ARM and Intel soared by more than 10%; AMD rose by about 10%, reaching a new high. The market value exceeded US$1 trillion for the first time, ranking 16th in the total market value of listed companies in the world, and becoming the fourth American chip company to join the "Trillion Dollar Club". Major European stock indexes closed collectively higher, with Germany's DAX30 index rising 1.07%. 6. The settlement price of international crude oil futures closed sharply. WTI crude oil futures October contract fell 4.51%, Brent crude oil futures November contract fell 3.4%. 7. COMEX gold futures fell 0.99% to US$4,381 per ounce; COMEX silver futures fell 0.92% to US$66.53 per ounce. 8. SpaceXAI officially released the Grok 4.7 model. The Grok 4.7 input token is US$2 per million and the output token is US$6 per million. 9. OpenAI is reported to be developing new features to cope with competition from xAI’s Grok robot, and is also considering how to respond to Muse launched by Meta. 10. Paramount Skydance reached a settlement with 12 states regarding its acquisition of Warner Bros. 11. Nvidia plans to invest an additional US$1.5 billion in SB Energy, increasing its total commitment to US$3 billion. 12. Meta announced that the Petal submarine cable connecting France and the United States is expected to be put into use in 2029, and its capacity will double to P-bit level. 13. Amazon stated that it will deploy 5,000 smart glasses devices this year, with the goal of reaching more than 20,000 units by the end of 2027. 14. Qualcomm said it would cooperate with Google to introduce the Snapdragon X Elite platform into the first batch of Googlebook laptops. 15. Optical communications leader Coherent announced the expansion of its pluggable optical line system product portfolio, launching an optical line system in a compact QSFP package with full C-band high-power variable gain amplification capabilities. 16. Novo Nordisk’s CEO stated that by 2030, the company’s production capacity will be able to meet the needs of 5 million patients using Wegovy oral medicine. 17. US telecom giant T-Mobile said that customers can use 5G independent network roaming internationally. 18. Trump said that a meeting on Iran will be held today. 19. The Israeli military said it was attacked near the "Yellow Line" and carried out retaliatory strikes against Hamas targets. 20. British Prime Minister Burnham said that he had agreed to Saudi Arabia’s request to conduct defensive aerial refueling for a limited time to help stabilize the situation in the region. 21. According to reports, the Trump administration has proposed investing US$5 billion to launch an investment fund to rebuild energy facilities in the Gulf of Mexico. 22. Russia will extend its diesel export ban until the end of September.