Breakfast | Mainland cloud service providers are fiercely competing on prices, Tesla confirms that it is developing two new car models.
US retail sales rebounded less than expected in April, coupled with concerns about the debt ceiling, putting pressure on US stocks across the board, as the market awaits Powell's speech this week. OpenAI CEO testified for the first time in Congress, proposing licensed regulation of AI model companies, stating that GPT-5 has not been trained. The EU Council has passed its first regulation on the regulation of crypto assets. Guo Mingxiang expects the iPhone 16 Pro display to be larger, and Apple's MR headset may debut next month.
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Market Overview
Top Stocks
Tesla: The global economy faces a difficult year, and many companies will go bankrupt.
OpenAI founder Sam Altman: There is currently no training for GPT-5.
Hangzhou and ANT GROUP sign a comprehensive and deep strategic cooperation agreement. Following Alibaba Cloud, Tencent Cloud and Mobile Cloud have successively announced price cuts, with the highest drop reaching 60%.
Pfizer will issue large-scale debt to provide funding for its $43 billion acquisition of Seagen.
Macro and Strategy
Fed's Goolsbee: No decision has been made yet for the June interest rate meeting.
US retail sales rose 0.4% month-on-month in April, lower than the market's expected value of 0.8%.
Leung Fung-yee, Hong Kong Securities and Futures Commission: Discussing the feasibility of including REITs in the interconnection mechanism with the mainland. The European Council has passed the world's first regulatory framework for encrypted assets.
