Zaid Admani

This is a pretty big deal because Insilico has already developed at least 28 drugs using generative AI tools, and nearly half of those drugs are already in clinical stages.

And it speaks to how advanced China is becoming when it comes to drug development, a lot of it due to AI.

Insilico is headquartered in Cambridge, Massachusetts, but conducts its R&D in China, and it's backed by the Hong Kong government's investment arm.

In fact, the company went public in Hong Kong back in December, and the stock is already up 50% this year.

And Eli Lilly and Silico have already been working together since 2023.

So this deal expands a relationship that already existed.

So yeah, drug development in China is moving fast.

So the Chinese pharma companies might be a space to watch over the next couple of years.

Let's talk about some stocks making moves today.

Shares of the aluminum producer Alcoa are rising this morning after two major aluminum producers in the Middle East were attacked by Iran over the weekend.

The Middle East accounts for about 9% of global aluminum production, according to the bank ANZ, and the firm recently warned that four to five million metric tons of aluminum exports are at risk,

because of the war.

That's why aluminum futures are surging up more than 4% today.

And the metal is now up 10% higher than where it was before the war started.

And that's why investors are piling into Alcoa with shares up 10% this morning because it's one of the largest aluminum producers in the world.

And it stands to benefit from tighter global supply and higher prices.

Now, on the flip side, Avis is down this morning, giving back some of the gains from last week's monster rally where the car rental stock jumped 48%.

A big reason for the rally last week was the chaos at US airports from the partial government shutdown.

TSA agents are working without pay.

A bunch reportedly called out or straight up quit.