Summary of Major Developments on the Evening of May 20
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12:00 (UTC+8) - 21:00 Keywords: Meta, NVIDIA, Catena Labs, Morgan Stanley1. UBS: Slowdown in US consumer spending may threaten stock market rally2. Iran: 26 ships passed through the Strait of Hormuz in the past 24 hours3. Meta begins laying off thousands of employees to adapt to AI transformation4. NVIDIA spent $90 billion in 16 months, completing over 145 AI acquisitions5. Catena Labs completed a $30 million Series A funding round, led by a16z Crypto and others6. Bloomberg analyst: Morgan Stanley submits Solana ETF amendment file, proposed trading code MSOL
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