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The Nasdaq Composite Index turned positive during the day, after previously dropping more than 1%.

At the TD Cowen conference, Pfizer executives emphasized that the company will adopt bold strategies to optimize its layout in the obesity treatment sector. This statement highlights Pfizer's strategic positioning in the increasingly competitive weight-loss drug market. As global demand for obesity treatment continues to grow, pharmaceutical companies are ramping up their investments in this field. Pfizer's announcement indicates that the company plans to actively innovate and test solutions, striving to secure a significant position in the obesity treatment market.

BlockBeats News, March 3rd, according to Coinglass data, Bitcoin led altcoins in a strong rebound after the opening of today's U.S. stock market. However, current mainstream CEX and DEX funding rates indicate that the market is still overall bearish. Specific funding rates for mainstream coins are shown in the attached image. BlockBeats Note: Funding rates are rates set by cryptocurrency exchanges to maintain the balance between contract prices and underlying asset prices, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates the market is generally bullish. When the funding rate is less than 0.005%, it indicates the market is generally bearish.