A Fortune from Misfortune: Evidence from Hog Firms’ Stock Price Responses to China’s African Swine Fever

China is the world’s largest pork producer and a leading pork importer. Since Au- gust 2018, ongoing outbreaks of African Swine Fever (ASF), a highly contagious and deadly disease affecting pigs, have hit China’s livestock industries and wiped out 40% of China’s pigs. We leverage data on daily stock returns from 25 major publicly listed firms from China and eight major pork-exporting countries to provide the first systematic analysis of the firm-level economic impacts of the outbreaks. We find that on average announcements of ASF outbreaks have led to positive and significant stock returns for both Chinese and international hog companies. Notably, Chinese hog companies on average enjoyed 10%–40% of cumulative abnormal returns during the 2019 Chinese Spring Festival, a peak demand season for pork. We show that larger hog firms tend to capture greater positive stock returns. Our results suggest opportunities for consolidation, expansion, and upgrades of China’s meat industry that have long-run implications for its global competitiveness and efficiency

A Review of Research on Privacy Protection of Internet of Vehicles Based on Blockchain

Numerous academic and industrial fields, such as healthcare, banking, and supply chain management, are rapidly adopting and relying on blockchain technology. It has also been suggested for application in the internet of vehicles (IoV) ecosystem as a way to improve service availability and reliability. Blockchain offers decentralized, distributed and tamper-proof solutions that bring innovation to data sharing and management, but do not themselves protect privacy and data confidentiality. Therefore, solutions using blockchain technology must take user privacy concerns into account. This article reviews the proposed solutions that use blockchain technology to provide different vehicle services while overcoming the privacy leakage problem which inherently exists in blockchain and vehicle services. We analyze the key features and attributes of prior schemes and identify their contributions to provide a comprehensive and critical overview. In addition, we highlight prospective future research topics and present research problems

Partial regularity of solutions to the 3D chemotaxis-Navier-Stokes equations at the first blow-up time

In this note, we investigate partial regularity of weak solutions of the three dimensional chemotaxis-Navier-Stokes equations, and obtain the $\frac53$-dimensional Hausdorff measure of the possible singular set is vanishing at the first blow-up time. The new ingredients are to establish certain type of local energy inequality and deal with the non-scaling invariant quantity of $n\ln n$, which seems to be the first description for the singular set of weak solutions of the chemotaxis-fluid model, which is motivated by Caffarelli-Kohn-Nirenberg's partial regularity theory \cite{CKN}

Ghost imaging lidar via sparsity constraints

For remote sensing, high-resolution imaging techniques are helpful to catch more characteristic information of the target. We extend pseudo-thermal light ghost imaging to the area of remote imaging and propose a ghost imaging lidar system. For the first time, we demonstrate experimentally that the real-space image of a target at about 1.0 km range with 20 mm resolution is achieved by ghost imaging via sparsity constraints (GISC) technique. The characters of GISC technique compared to the existing lidar systems are also discussed.Comment: 4pages, 3figure

Global existence of suitable weak solutions to the 3D chemotaxis-Navier-Stokes equations

In 2004, Dombrowski et al. showed that suspensions of aerobic bacteria often develop flows from the interplay of chemotaxis and buoyancy, which is described as the chemotaxis-Navier-Stokes model, and they observed self-concentration occurs as a turbulence by exhibiting transient, reconstituting, high-speed jets, which entrains nearby fluid to produce paired, oppositely signed vortices. In order to investigate the properties of these vortices (singular points), one approach is to follow the partial regularity theory of Caffarelli-Kohn-Nirenberg to study the singularity properties of suitable weak solutions. In this paper, we established the existence of suitable weak solution for the three dimensional chemotaxis-Navier-Stokes equations, where the main difficulty is to establish appropriate local energy inequalities

TGR5: A Novel Target for Weight Maintenance and Glucose Metabolism

TGR5, an emerging G protein-coupled receptor, was identified as a membrane receptor for bile acids. The expression of TGR5 and its function are distinct from the previously identified nuclear bile acid receptor, farnesoid X receptor (FXR). These two bile acid receptors complement with each other for maintaining bile acid homeostasis and mediating bile acid signaling. Both receptors are also shown to play roles in regulating inflammation and glucose metabolism. An interesting finding for TGR5 is its role in energy metabolism. The discovery of TGR5 expression in brown adipocyte tissues (BATs) and the recent demonstration of BAT in adult human body suggest a potential approach to combat obesity by targeting TGR5 to increase thermogenesis. We summarize here the latest finding of TGR5 research, especially its role in energy metabolism and glucose homeostasis