Earnings Call Insights: Zai Lab (ZLAB) Q1 2026 Management view CEO Ying Du framed the quarter as an inflection in global development, saying, "Zai Lab is at a pivotal moment," and linked the strategy to global execution and productivity, adding, "We are also leveraging AI and data-driven approaches across the organization to enhance speed, precision and efficiency." CEO Du highlighted Zoci as the near-term global value driver, citing AACR updates and partnerships: "We also announced global collaborations with Amgen and Boehringer Ingelheim to explore Zoci as a potential backbone therapy," and set a regulatory milestone: "In late 2027, we expect to submit our first global BLA to the FDA." President and head of global R&D Rafael Amado emphasized Zoci’s CNS activity and safety, stating, "Zoci demonstrated a confirmed intracranial overall response rate of 62.5%," and added, "Grade 3 or higher treatment-related adverse events were approximately 16%." President and COO Joshua Smiley described China commercial drivers and constraints, noting, "Performance in the quarter was impacted by a shift in hospital utilization patterns" for ZEJULA, while for XACDURO, "Performance was constrained by supply, and we expect those constraints may persist through the remainder of the year," and for KarXT, "KarXT launches in the second quarter and represents the first novel mechanism for schizophrenia in decades." CFO Yajing Chen tied the quarter to product mix and investment, saying, "First quarter total product revenue declined 6% year-over-year to $99.6 million," and added, "We anticipate near-term pressure for 2026 full year total product revenues with a return to growth in 2027." Outlook Management did not issue formal full-year revenue or EPS guidance on the call; instead, CFO Chen said, "we expect total product revenue to improve sequentially over the next nine months," while also cautioning, "for the full year revenue, we are going to continue to experience some short-term pressure...

Earnings Call Insights: Arq, Inc. (ARQ) Q1 2026 Management View CEO Robert Rasmus said “our first quarter performance establishes a solid foundation for the year ahead,” citing PAC strength and “the relative absence of GAC production costs… contributed to improved profitability relative to recent quarters,” while reiterating the company’s full-year 2026 outlook introduced in Q4. CEO Rasmus said Q1 results included one-time-like items tied to prior GAC activity, including “a noncash revaluation adjustment of around $800,000” and “approximately $600,000 of carryover GAC-related expense,” adding, “Those costs will no longer affect the company going forward.” CEO Rasmus framed near-term seasonality and operations following maintenance, stating, “we expect Q2 to be a transitional period with performance broadly in line with prior years,” and said the April Red River turnaround “successfully concluded under budget in April.” CFO Stacia Hansen reported, “Revenue for the first quarter of 2026 totaled $29 million,” and “Net loss was $800,000 in the first quarter of 2026,” while adding, “We generated positive adjusted EBITDA of approximately $2.7 million.” CFO Hansen highlighted capital structure focus tied to future growth financing, saying, “we updated our terms of our credit facility with MidCap Financial late in March to accommodate covenant tightness,” and noted, “equity remains our least preferred option.” Outlook CEO Rasmus reiterated, “This outlook includes full year 2026 revenue of between $120 million and $125 million and adjusted EBITDA of between $17 million and $20 million,” and said the guidance already reflects the Q2 transition period. CFO Hansen reiterated operational drivers embedded in the outlook: “for fiscal year 2026, we expect revenue of $120 million to $125 million and PAC volumes of between 122 million and 125 million pounds at an average sell price between $0.88 and $0.91 per pound.” Management kept 2026 CapEx unchanged after the turnaround, with CEO...

格隆汇5月8日｜上海钢联发布数据显示，今日MMLC电池级碳酸锂(早盘)中间价报192250元/吨，较上日16:30价格上涨1500元/吨。

格隆汇5月8日｜自媒体博主王海在网络平台发布信息，称胖东来电器“国补前提价、套取国家补贴资金、价格欺诈”。5月8日，胖东来就此事发布说明。说明指出，胖东来电器部售价2190元/台的海信空调属于部门与厂家特批的特惠商品，2025年11月之前，该款空调售价一直为2690元/台，调价至2590元是执行的厂家最低限价，不存在故意提高价格、虚高补贴价格、套取国家补贴资金的问题。

Amazon.com, Inc. (AMZN.US) AWS Data Center Overheating Disrupts Services, Coinbase Says Platform Performance May Decline AASTOCKS.com

Tencent Holdings Ltd. and Alibaba Group Holding Ltd. earnings will be shaped by rising artificial intelligence investment costs and growing competition in China’s AI sector, following DeepSeek’s high-profile V4 model launch . Tencent’s full-year earnings growth is expected to slow to the low-teen percentage range as AI investments double, according to Bloomberg Intelligence . Alibaba faces pressure from China’s soft consumption outlook, with BI saying its richer valuation relies more on longer-dated, AI-driven monetization than near-term earnings delivery. Rising cloud-computing demand is unlikely to deliver material upside to Tencent’s or Alibaba’s cloud earnings in 2026, given intense competition and margin pressure in the segment, BI added. The companies are also in talks to join a maiden funding round for DeepSeek, a person familiar said last month. In Japan, banks including Mitsubishi UFJ Financial Group Inc. , Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. have earnings upside from potential policy-rate hikes over the next 9 to 12 months, BI said. Market expectations for a Bank of Japan rate hike in June are rising after the April hold, according to SMBC Nikko. Highlights to look out for: Monday: Nippon Yusen’s ( 9101 JP ) fiscal 2026 earnings were likely supported by its energy segment as conflict in the Middle East drove up spot rates for oil tankers, Jefferies said in a note in late March. The firm could see continued choppiness in yen exchange rates impact the liner’s recurring profit through fiscal 2027, BI said . Tuesday: Rohm’s ( 6963 JP ) potential tie-up on power chips with Toshiba Corp. and Mitsubishi Electric Corp. could bolster scale, but operational efficiency remains a significant integration challenge, BI said . It’s expected to post a much smaller fourth-quarter operating loss than a year ago. Watch for growth plans after Denso Corp. in late April withdrew its buyout proposal, as it was reportedly unable to get Rohm’s supp...

桥水创始人达利欧表示，美国正走向一段历时多年的长期动荡，背后原因包括庞大的财政赤字、日益扩大的贫富差距，以及左右派之间日趋严重的政治分裂 当地时间2025年10月27日，沙特阿拉伯利雅得，瑞·达利欧出席2025年《财富》全球论坛。图：视觉中国

Cathie Wood’s ARK sells AMD stock, buys Tempus AI Investing.com

智通财经获悉，桥水创始人瑞·达利欧(Ray Dalio)表示，美国未来几年将面临动荡，驱动因素包括巨额财政赤字、不断扩大的贫富差距以及左右翼政治分裂。他补充称，全新的地缘政治体系以及 人工智能 带来的颠覆，也将进一步加剧这种动荡。 达利欧在接受 采访 时表示：“未来五年将发生巨大变化，所有这些力量将汇聚在一起。在那之后，局面将几乎变得面目全非。这将是一个非常不同、充满巨大变革和巨大动荡的时期。” 达利欧表示，美国的社会和政治体系面临风险，他担心暴力事件的可能性。他表示：“我们将迎来中期选举，我认为共和党很可能会失去众议院。我认为从那时起，你将看到政治和社会冲突在那段时期加剧，尤其是在中期选举和2028年总统选举之间。” 在国际层面，达利欧表示，基于规则的国际秩序已不复存在，而美伊战争的结果可以用“几乎非黑即白的方式定义，即谁将控制霍尔木兹海峡，谁将控制 核材料 ”。他表示，投资者应保持充分多元化的投资组合，其中 黄金 配置在5%至15%之间，“当我们回顾历史时，我们看到在所有这样的时期，所有法定货币都会贬值，而黄金则会升值”。 值得一提的是，达利欧在上月底就曾表示，世界正在快速变化，包括越来越多的交易不再使用美元体系，而黄金则成为了“重要避险货币”。他指出，黄金应该成为投资组合中重要的多元化资产，这意味着投资者应该将投资组合的5%到15%配置到黄金。 达利欧表示：“我认为重要的是要明白，黄金也是一种货币。”他认为，理解黄金是一种货币非常重要，它是最古老的货币，也是各国央行第二大储备货币。在全球储备体系中，美元仍位居首位，但黄金是央行储备中第二大资产，其后才是欧元和日元。 达利欧强调，黄金在当前环境下具备特殊意义。它不依赖任何单一国家信用，也不受 某 一央行政策完全支配，因此在全球货币体系多极化、地缘政治风险上升、制裁和资本管制风险加大的背景下，黄金的分散化价值进一步凸显。他表示：“黄金是一种有效的分散 化工 具，当前的市场环境也特别有利于黄金表现。” 同样在上月，达利欧还曾警告称，美国和以色列对伊朗的战争只是我们身处的 新世界 大战的一部分，而这场世界大战不会很快结束。他表示：“在我看来，大多数人往往关注并回应当下引人注目的事件——比如伊朗目前的局势——却忽略了那些规模更大、更重要、影响更长远的事件，而这些事件才是当前局势和未来走向的驱动力。就目前而言，最重要的是，...

中芯國際(00981)出現大手買入9.75萬股，成交價$73.3，涉資714.675萬 AASTOCKS.com

据中国载人航天工程办公室消息，天舟十号货运飞船与长征七号遥十一运载火箭组合体垂直转运至发射区。 目前，文昌航天发射场设施设备状态良好，后续将按计划开展发射前的各项功能检查、联合测试等工作，计划于近日择机实施发射。(央视新闻)

工业和信息化部、国家市场监督管理总局、商务部等部门今天（5月8日）联合发布《人工智能终端智能化分级》（GB/Z 177—2026）系列国家标准。《人工智能终端智能化分级》系列国家标准采用“2+N”架构：“2”指《第1部分：参考框架》和《第2部分：总体要求》。这两项标准明确了智能化的概念、等级划分和测试方法，告诉大家“什么是人工智能终端、怎么分级、怎么判定”，是所有品类标准的基础。终端智能化的分级体系，从L1响应级、L2工具级、L3辅助级到L4协同级，智能化水平依次提高，终端更“聪明”。其中，L4协同级将根据产业发展水平，在后续修订中进一步明确和完善。“N”是面向手机、电脑、电视、眼镜、汽车座舱、音箱、耳机等不同产品的具体标准。首批标准包括7个品类，后续将推进其他品类标准研制。《标准》涉及移动终端、微型计算机、电视、眼镜、汽车座舱、音箱、耳机等多种智能终端产品。（央视新闻）

5月8日，联动科技盘中一度涨超19%，股价最高触及219元/股，创下历史新高，这是其上市以来股价首次突破200元/股，其A股市值也由此升至150亿元以上。

TTCM 8-K及美國證券交易委員會申報文件 Yahoo 財經

百度集團－ＳＷ(09888)出現大手買入5.41萬股，成交價$141.2，涉資763.892萬 AASTOCKS.com

Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen Via The Cradle Saudi Arabia’s Public Investment Fund (PIF) opened a second office in mainland China earlier this year, establishing a Shanghai branch to expand dealmaking and attract more Chinese investment into the kingdom , Bloomberg reports . The office was registered last year, falls under PIF’s Beijing branch, and is led by Lily Cong, a former chief representative of Fidelity International in China’s capital. Source: Britannica The Shanghai outpost was reportedly created to strengthen the $1 trillion fund’s ability to pursue outbound deals in China, while officials are also seeking to bring more Chinese companies into Saudi Arabia . This move strengthens Riyadh’s investment relationship with Beijing, while the US continues to be a major market for the kingdom. The Shanghai office expands PIF’s global presence, which already features offices in New York, London, Hong Kong, and Paris. Saudi Arabia and China already maintain strategic and financial links across sectors, including energy and finance, while other Gulf wealth funds are also looking to expand their exposure to China. Abu Dhabi is also considering placing Chinese assets held by two of its wealth funds into a new entity, according to earlier reports, a move that could pave the way for a broader shift in its investment strategy . The Gulf investment push comes amid major shifts in West Asian markets following the US war on Iran, triggering regional disruptions that have put pressure on Gulf economies and accelerated moves away from dollar-dominated energy trade. Saudi Arabia, Qatar, and other Gulf states have deepened yuan-based financial links with China, while disruptions in the Strait of Hormuz have further exposed the fragility of the “ petrodollar order ”. According to a report by Fortune , Riyadh did not formally renew its 2024 commitment to price oil exclusively in US dollars, a year after signing a $7 billion currency swap...

百度集團－ＳＷ(09888)出現大手買入5.41萬股，成交價$141.2，涉資763.892萬 AASTOCKS.com

记者今天了解到，在市场监管总局的指导下，云南电网依托国家计量数据建设应用中心（绿色电力），成功研发并落地应用“电动车室内充电风险智能识别系统”。该系统通过技术创新赋能监管模式转型，实现了对高层建筑内电动自行车违规入户充电行为的高效、精准识别与风险预警。该系统构建了一套大数据驱动、无硬件改造的远程“技术+管理”协同治理模式。在技术上，该系统运用人工智能分析算法，基于电网现有智能电表提供的15分钟负荷曲线趋势特征，即可远程精准识别电动自行车充电的“电化学指纹”，实现了低成本、可推广的普适性监测。在管理上，该系统支撑构建“智能识别—风险画像—闭环治理”的全链条机制，将预警信息推送至电网、物业、社区等多方责任主体，形成从发现、核查、整改到长效监控的线上管理闭环。目前，该系统已在50余个代表性居民区成功试运行，在无需加装设备、不增加投资的前提下，系统识别准确率达88%。（央视新闻）

【有線新聞】警方搗破一個由黑社會操控的電話詐騙集團，拘捕13人。 行動檢獲涉案現金和手機等，警方調查及分析情報，在葵涌一個工廈單位發現電話詐騙中心，有不法集團隨機非法取得受害人資料後，喬裝財務公司職員致電受害人追數。在受害人轉帳後，騙徒會繼續用手續費等藉口，甚至恐嚇受害人要求再交錢，涉及最少20宗案件，騙取過百萬港元。警方昨日在各區拘捕13人，包括集團骨幹成員涉嫌串謀詐騙、妨礙司法公正及洗黑錢等。

中金：維持百濟神州(06160)跑贏行業評級 目標價250港元 富途牛牛

格隆汇5月8日｜摩根大通：将DoorDash目标价从244美元上调至250美元。

据同花顺iFinD数据，沪深京三市成交额超1.5万亿元，较上日此时缩量289亿元，预计全天成交金额约3.1万亿元。截至目前，沪市成交额6371亿元，深市成交额8500亿元，北证50成交额136亿元。

Earnings Call Insights: Lantheus Holdings, Inc. (LNTH) Q1 2026 Management view "We had a strong start to the year with solid performance across PYLARIFY, NEURACEQ and DEFINITY," said Interim CEO & Executive Chairperson Mary Heino, adding, "2026 is a year of commercial execution and regulatory milestones" and that priorities include "a seamless transition to PYLARIFY TRUVU ... beginning in the fourth quarter" and "evaluating value-maximizing alternatives for our radiotherapeutic assets." "On March 6, the FDA approved PYLARIFY TRUVU," Heino said, describing the rationale as "larger batch sizes" and "the potential to serve more patients and support a broader geographic reach," while noting, "We estimate that more than 70% of PYLARIFY supply today is produced at PMF sites equipped with high energy cycle times." Heino highlighted additional regulatory items: "the FDA extended the PDUFA date for Actinium by 3 months to June 29, 2026" and the company’s "objective of a full commercial launch in early 2027," and "tentative approval for PNT2003" with launch timing dependent on "final FDA approval, the expiration of the 30-month Hatch-Waxman stay and disposition of the related legal proceedings as well as manufacturing and commercial strategy." Chief Commercial Officer Amanda Morgan said PYLARIFY "delivered a solid quarter with U.S. volume increasing approximately 5.8% year-over-year," with "pricing discipline in a highly competitive environment," and added that for TRUVU, "we are now executing against our transition plan with meaningful revenue contribution expected in 2027" and conversion is "targeted to begin in the fourth quarter of this year." Morgan said NEURACEQ "generated $35.4 million in the first quarter revenue" and DEFINITY "delivered $84.6 million in first quarter revenue," while describing DEFINITY as having "more than 80% market share." CFO & Treasurer Robert Marshall said, "Revenue for the first quarter was $377.3 million," and added, "we have reconfigured our ...

格隆汇5月8日｜印尼政府：印度尼西亚和菲律宾镍协会签署镍合作谅解备忘录。

格隆汇5月8日｜港股猪肉概念股集体走低，其中，牧原股份跌至4.6%表现最差，德康农牧跌3.3%，万洲国际跌1.5%，中粮家佳康跌0.72%。 消息上，当前猪价的低迷主要还是因为市场上“供过于求”。虽然能繁母猪存栏量在下降，但由于养殖效率提升等因素，猪肉供应压力依然较大。 在这种背景下，牧原股份自己也公告了4月份的销售情况：商品猪销售均价同比下降35.54%，受此影响，销售收入也同比下降了32.49%。由此可见，整个行业目前仍处于“卖得越多、亏得越多”的困境，这也直接拖累了相关个股的股价表现。(格隆汇)

AMD just posted its strongest quarter as an AI company. The stock surged nearly 18% on the day. And one analyst responded by nearly doubling his price target. The move from Bernstein is not a routine post-earnings trim. It is a fundamental reassessment of what AMD is worth and where it is heading. ...

Is Palantir Technologies (PLTR) Still Sensibly Priced After Recent Share Price Pullback simplywall.st

财联社5月8日讯（记者 王晨） 上交所最新数据显示，4月A股新开户数合计249.13万户，较去年同期的192.44万户增长29%，但相比3月的460.14万户则环比减少46%。 如何看待4月新开户数？回顾2025年全年12个月份，仅有2月（283.6万）、3月（306.5万）、8月（265.0万）、9月（293.7万）和12月（259.7万）这五个月的开户数高于今年4月。换言之，今年4月的249万户超过了2025年其余七个月份。 2026年前四个月合计新开1453万户，而2025年全年也不过2743万户，意味着仅用了三分之一的时间就完成了去年全年过半的开户业绩。与2025年同期相比，54.7%的增幅更是印证了年初以来市场情绪的火热。 值得关注的是，一个反常的现象正在挑战多年来的经验规律：历来与赚钱效应高度同步的新开户数据，似乎开始“脱钩”了。3月市场震荡下行、赚钱效应收缩，新开户却逆势环比翻倍冲上460万户；4月指数全线大涨，开户数反而较3月腰斩。这背后，隐藏着怎样的投资者行为变迁？ 为何市场修复新开户反而环比回落？ 从过往A股新开户数变化来看，与A股赚钱效应关联性最强。行情上涨点燃开户热情，而赚钱效应消退后，开户数又会同步下滑。 然而3月以来，这种关联性似乎正在减弱。3月A股呈现明显震荡回落走势，沪指自月初高位回落，多次跌破关键点位，赚钱效应明显收缩，新开户数却逆势增长，3月全月新开约460万户，环比2月近乎翻倍。4月市场强势反弹、科技股涨逾25%，赚钱效应修复，但新开户反而回落至249万户。 这背后是散户投资者心态和投资行为的变化。3月不少客户表示，回调后A股更具吸引力，想趁低位布局，市场出现阶段性回调，风险得到一定释放，反倒给了普通散户上车的机会，观望资金的入市意愿明显增强。 4月当行情进入快速修复阶段，潜在投资者的恐高情绪会压制入场冲动。3月市场回调期间，大批观望已久的潜在投资者已经集中完成开户入场，提前消耗了场外增量储备，4月后续可转化的新增潜在开户人群自然减少。 另一方面，4月反弹以科技赛道为主导，板块行情极致分化，大盘整体赚钱效应远不及局部热点，多数普通投资者看不懂赛道行情、缺乏参与切入点，入场意愿随之降温。 环比的回落，也受到3月逆势爆量的高基数扰动。今年3月，A股单月新开460万户，创下近“924行情”来的次高纪录。此外，从以往年数据来看，年中几个...

财联社5月8日讯（编辑 黄君芝） 随着美伊战争进入第三个月、双方仍僵持不下，亿万富翁投资者、全球最大对冲基金桥水基金创始人达里奥（Ray Dalio）再次对世界经济秩序的现状发出警告。 达里奥表示，他看到了令人担忧的迹象，表明美国经济正走向一个“混乱”时期，其特点是赤字增加、通货膨胀加剧以及人们对美国金融帝国的信心减弱。在最新播出的一档播客节目中，他概述了一种美国可能陷入金融危机的情景，这主要是由于过度借贷和货币增发造成的。 他说道：“金融危机意味着消费能力将非常有限。”达里奥推测，在这种情况下，美国将无力承担其军事和社会支出。 “你会受到很大的限制。由于需求无法满足供给，利率将会上升，这将抑制借贷，损害市场等等。”他补充道。 事实上，美国和世界各地的财政赤字都在增加。据财政部数据显示，尽管美国政府上个财政年度的收入为5.2万亿美元，但其支出却高达7万亿美元。 达里奥表示，历史上较高的赤字会导致经济“问题”，他指的是政府为了弥补开支而增发货币的趋势，尽管这样做会导致货币贬值和通货膨胀加剧。而根据他的说法，最终结果可能是“滞胀式的环境”，他指的是金融市场最糟糕的情况，即通胀高企但经济增长乏力。 看好黄金 他还再次重申， 他认为投资者应该将5%到15%的资产配置于黄金，以度过“非常糟糕的时期”。 “纵观历史，我们发现，在所有这些时期，所有法定货币都会下跌，而黄金价格都会上涨。”他说道。 达里奥长期以来一直强调黄金作为抵御经济动荡的工具的重要性，并警告其追随者提防货币贬值交易。他的观点是，更高的财政赤字和更严重的通货膨胀将削弱货币，从而使贵金属等资产成为更具吸引力的财富储存手段。 美元的“衰落” 达里奥表示，归根结底，全球经济面临的动荡可能意味着没有任何一种货币能够稳定地储存财富。 去年，他曾指出黄金价格的快速上涨是法定货币已经开始衰落的一个迹象。 虽然许多经济学家并不看好“去美元化”，但达里奥认为，世界货币秩序可能会随着时间推移而发生变化，例如，上世纪中叶英镑就失去了世界储备货币的地位。 他指出，当时的局势与正在进行的美伊战争有相似之处，这可能会损害人们对美国作为经济和政治强国的信心。尤其值得注意的是，随着油价的波动，人们对通货膨胀的担忧也急剧上升。 “我们对未来三到五年世界会是什么样子知之甚少。我们不知道的远比我们知道的要多。我认为我们知道我们正处于一个日益混乱的时代...

Earnings Call Insights: The Trade Desk (TTD) Q1 2026 Management view "In Q1, we delivered revenue of $689 million, representing 12% year-over-year growth" (Chief Accounting Officer, Executive VP & Interim CFO Tahnil Davis), alongside "$206 million of adjusted EBITDA during the quarter, representing a 30% margin" (Executive VP Davis). "We delivered a solid quarter once again" (Founder, CEO, President & Chairman Jeffrey Green), while emphasizing macro complexity: "Geopolitical tensions have increased" and "wars and tariffs have created an environment that is harder for some brands and some brand categories to grow" (CEO Green). "March was our biggest month on record for JBP signings" and "We signed 45 JBPs in March alone" (CEO Green), adding that "For Q1, our total JBP count grew 55% year-over-year" and "excluding renewals, new JBP deal spend grew 40% year-over-year" (CEO Green). "We announced the first of many partnerships with... Stagwell" to "leverage agentic AI to create, edit and modify campaigns" (CEO Green), and described retail media expansion: "We've begun integrating with partners like Koddi and even more recently, Dollar General" (CEO Green). "We were also recently chosen by Lyft Ads to power their off-site rider experience" (CEO Green), positioning it as an example of combining "first-party data, measurement and cross-channel execution" (CEO Green). "We believe the retailers in our data marketplace represent more than 80% of sales from top U.S. retailers" (CEO Green) and highlighted a test where "Audience Unlimited delivered 30% lower CPMs... 38% lower data costs and 75% more efficient CPA" plus "a 2.7x increase in conversion rate" (CEO Green). "CTV growth remains strong" and "Audio represented around 6% of the business and grew year-over-year at a rate higher than any other channel in Q1" (Executive VP Davis), with channel mix: "Video... represented a low-50s percent of our business in Q1" (Executive VP Davis). Outlook "For Q2, we expect revenue to be at ...