格隆汇1月14日丨上纬新材(688585.SH)公告称，公司股票价格自2025年7月以来累计涨幅较大，期间多次触及异常波动及严重异常波动，目前股价情况已严重脱离当前基本面，如未来股票价格进一步上涨，公司将进一步申请停牌核查。公司具身智能机器人业务专注于面向个人与家庭场景的产品开发，目前仍处于产品开发阶段，尚未实现量产及规模化销售，相关业务尚未形成营收及利润。公司市盈率显著高于行业平均水平，存在非理性炒作风险。

当地时间14日，一名伊朗高级官员表示，伊朗与美国之间的“直接沟通”已停止。伊朗警告地区国家，如果美国对伊朗发动袭击，伊朗将打击美军在这些国家的基地。这名匿名官员说：“德黑兰已告诉沙特阿拉伯、阿联酋和土耳其等地区国家，如果美国针对伊朗，美国在这些国家的基地将遭到打击……（伊朗）要求这些国家阻止华盛顿攻击伊朗。”（央视新闻）

Andrew Feldman， CEO of Cerebras 据知情人士透露，人工智能芯片初创企业 赛睿思系统公司（Cerebras Systems） 正洽谈一轮规模约 10 亿美元的融资，投前估值达到 220 亿美元。该公司计划于年内启动上市进程。 这一估值较其上一轮私募融资时的估值水平大幅跃升。2025 年 9 月，赛睿思曾从富达管理、阿特柔斯资本等投资方处筹集 11 亿美元资金，彼时公司估值仅为 81 亿美元。 一位知情人士表示，赛睿思有望在未来数月内正式挂牌上市。事实上，该公司原本计划更早推进 IPO，但在 2025 年 9 月宣布搁置上市计划，转而选择通过私募方式融资。 赛睿思方面拒绝对此置评。 赛睿思去年的经营状况曾为其上市之路埋下隐忧，核心问题在于客户结构相对单一 —— 公司营收绝大部分依赖中东客户 第四十二集团控股公司（Group 42 Holding） 。该公司是阿联酋人工智能巨头 G42 的母公司，曾委托赛睿思为其建造三台超级计算机。 不过三位知情人士透露，赛睿思预计将在未来几天官宣一家重磅新客户，此举将有效降低公司对第四十二集团控股公司的营收依赖度。 此次融资与估值上调的背景是，英伟达于 2025 年 12 月下旬与赛睿思的竞争对手格罗克公司（Groq）达成了一项价值 200 亿美元的非排他性技术授权协议。这一交易充分表明，市场对可高效、低成本运行人工智能应用的专用芯片需求旺盛。 今年 1 月初的国际消费电子展（CES）期间，英伟达首席执行官黄仁勋向华尔街分析师表示，与格罗克的合作将助力英伟达拓展至人工智能终端设备及其他未来服务领域 —— 这些领域需要 “瞬时响应” 能力，而英伟达现有的高性能芯片目前尚无法满足这一需求。与格罗克类似，赛睿思的核心业务也是研发并销售用于人工智能模型训练与推理的定制芯片。 该交易同时也反映出，投资者对旨在挑战英伟达专用 AI 芯片市场地位的初创企业依然抱有浓厚兴趣。此前《信息报》曾报道，同赛道的另一家初创企业 张量洪流公司（Tenstorrent） 也在洽谈一轮融资，规模至少为 8 亿美元，本轮融资由现有投资方富达管理牵头。 责任编辑：郭明煜

商务部消息，1月13-14日，全国电子商务工作会议在北京召开。会议强调，“十五五”时期在基本实现社会主义现代化进程中具有承前启后的重要地位。2026年是“十五五”开局之年，要立足商务工作“三个重要”定位，统筹国内经济工作和国际经贸斗争，统筹发展和安全，以电子商务高质量发展、高水平开放、高效能治理为目标，重点做好四方面工作：一是坚持党的领导，加强顶层设计，实现“向上”发展；二是坚持创新驱动，提升发展能级，实现“向新”发展；三是优化发展环境，营造良好生态，实现“向善”发展；四是扩大开放合作，突出普惠共赢，实现“向外”发展。

据环球时报，法国外长巴罗14日接受法国RTL电台采访时说，法国将于2月6日在格陵兰岛开设领事馆。

什么是GEO？ 2026 年， AI 产业链投资注意力由“算力竞赛”向“应用价值”迁移， AI 应用正在从“技术验证”迈入“商业推广”的关键之年。 这是近期成交量不断创造新高的 A 股行情中走出的一条主线。其中也包括突然出圈的 GEO （生成式引擎优化）主题，使得传媒行业重新回到了投资者们的视线里。 今天该主题继续在 A 股活跃，相关概念股易点天下、省广集团、利欧股份仅 1 日回调后强势反弹，带动 传媒 ETF （ 512980 ） 上涨 2.56% 。 01 营销革命 今天上证指数冲高回落，微跌 0.31% ，全市场成交额接近四万亿，再创新高。板块题材上，医疗服务、 AI 应用板块活跃，银行板块调整。 近期 AI 应用领域陆续爆出重磅催化，从政策到行业细分场景，揭示 AI 商业化落地的速度不断加快。 政策端，近日工信部等八部门发布关于印发《 “人工智能 + 制造”专项行动实施意见》的通知。提出要推动 3-5 个通用大模型在制造业深度应用，形成特色化、全覆盖的行业大模型，推出 1000 个高水平工业智能体。 模型层，根据外媒报道， DeepSeek 或将在 2 月中旬正式发布下一代 V4 模型，其中编程能力提升将是比较大的看点。两大模型商——智谱和 Minimax 相继登陆港股市场，两家企业分别在 B 端和 C 端各有建树，上市后连续上涨的表现也提振了市场对 AI 板块的情绪。 而 AI 应用侧细分场景里，近期 GEO （生成式引擎优化）带着一群涨停的股票，走进了投资者的眼里。 什么是 GEO ？ GEO 是一种针对生成式 AI 平台（如 DeepSeek 、豆包等）的优化策略，核心目标是让企业的品牌、产品或服务，能在 AI 生成式回答中被优先提及、精准推荐。 背后的本质，实际上是营销策略随着搜索方式升级和流量入口重构的转变。 因为与传统 SEO 不同， GEO 不追求网页排名，而是通过结构化数据、权威背书和语义优化，实现“零点击曝光”，用户无需跳转就能看到品牌信息。 譬如，你跟大语言模型聊天，你直接问它问题，它不给你链接，而是直接生成答案，并把品牌、产品信息作为答案的一部分。 在 AI 的加持下，掌握 GEO 能力的营销板块，有望迎来全新的千亿级增量市场。据机构预测， 2026 年全球 GEO 市场规模将达 240 亿美元，预计到 2030 年全球 GEO 市场规...

南向资金净买入28.65亿港元 1月14日，港股三大指数 集体收涨， 恒生指数涨0.56%，国企指数涨0.32%，恒生科技指数涨0.66%。 盘面上， 权重科技股涨跌不一，阿里巴巴涨超5%，快手涨超4%， 美团跌超3%， 网易、京东跌超1% ；AI应用相关概念股飙升，AI医疗方向涨幅明显，阿里健康飙涨近19%月内累计升超50%以上 ；黄金股等有色金属股延续涨势，灵宝黄金、招金矿业、紫金矿业等多股刷新历史新高； 半导体板块走高， 华虹半导体涨超4%； 石油股活跃， 中国石油化工股份、中海油田服务涨超3%；餐饮股、博彩股、电池、影视股、内房股等纷纷上涨。 另一方面， 旅游及观光板块跌幅居前， 携程集团跌超6%； 商业航天板块下挫， 金风科技、 钧达股份跌超4%； 风电股、军工股、券商股、光伏股、航空股、保险股、内银股多数呈现跌势。 具体来看： 权重科技股涨跌不一 ， 阿里巴巴涨超5%， 快手涨超 4%、百度集团、腾讯控股跟涨； 美团跌超3%， 网易、京东跌超1%，小米集团微跌。 AI医疗概念股走强 ， 阿里健康涨近19%， 英矽智能、微创机器人、医渡科技、平安好医生、百奥赛图等跟涨。 消息面上，摩根大通医疗健康大会在旧金山正式召开。大会首日，英伟达与礼来宣布，将在五年内斥资10亿美元在旧金山湾区建立一个新的联合研究实验室，以加速AI药物研发进程。 黄金股涨幅居前， 灵宝黄金涨5%，赤峰黄金、紫金黄金国际、中国黄金国际、紫金矿业、中国白银集团等跟涨。 消息面上，美国12月核心CPI环比上涨0.2%，同比上涨2.6%，低于市场预期的0.3%和2.7%。因美国通胀数据走弱，交易员强化了对美联储到年中将会降息的预期。受此影响，兼具避险与保值属性的黄金资产热度攀升，现货黄金日内涨幅扩大至1%，报4632.67美元/盎司。 半导体板块走高 ， 华虹半导体涨超4%，纳芯微、中芯国际、 晶门半导体、兆易创新、 顺泰控股 等跟涨。 消息面上，佰维存储公告称，公司预计2025年实现营业收入100亿元-120亿元，同比增长49.36%-79.23%；2025年四季度单季营收同比增长105.09%-224.85%。 AI应用股强势爆发 ， 阿里健康、 智谱涨超18%， 五一视界、 微盟集团、出门问问、微创机器人、网龙等跟涨。 消息面上，阿里巴巴将于近期发布Qwen3.5，多模态融合理解、Age...

Extreme weather events and biodiversity loss identified as the biggest global threats over a 10-year timeframe Economic conflicts between major powers are the greatest risk facing the world over the next two years, according to experts polled ahead of next week’s Davos summit. Among 1,300 business leaders, academics and civil society figures surveyed by the World Economic Forum (WEF), “geoeconomic confrontation” was identified as the most pressing threat. Continue reading...

A photograph shows a sign at the Congress Centre on the opening day of the World Economic Forum annual meeting in Davos, Switzerland, Jan. 16, 2023. Fabrice Coffrini | AFP | Getty Images Global power rivalries and strategic standoffs top the list of most severe near-term risks heading into 2026, according to the World Economic Forum's Global Risks Report released Wednesday. Half of the business executives and other leaders surveyed said they expect turbulent times over the next two years, and only 1% said they expect calm, according to the report. The resulting picture is one of the world sitting on the precipice. The report captures a shifting landscape where geoeconomic confrontation leaps to the top spot on the list of business worries over the next two years — fueled by increasing competition and weaponizing economic tools like tariffs, regulations, supply chains and capital constraints. The report warns it could lead to a substantial contraction in global trade. "Concerns growing over an economic downturn, rising inflation and potential asset bubbles as countries face high debt burdens and volatile markets," writes economist Saadia Zahidi, managing director of the World Economic Forum, which publishes the Global Risks Report annually. The world's largest insurance brokerage, Marsh — which rebranded Wednesday from Marsh McLennan — partners with the WEF on global risks. "Today is not a moment of a big global crisis, it's a moment of poly-crises," Marsh CEO John Doyle told CNBC in an exclusive interview. Doyle listed trade wars, culture wars, rapid technological revolution and the impact of extreme weather as among the current hurdles for business. "It's a lot for businesses to confront and to manage," he said. watch now VIDEO 14:01 14:01 Marsh CEO John Doyle on WEF Global Risks Report, company rebrand News Videos Misinformation and disinformation rank second on the WEF's list of short-term risks, followed by societal polarization — or widening gaps between sharpl...

A global backdrop increasingly threatened by trade disputes and inter-state conflict is how respondents in a World Economic Forum survey see things panning out in 2026. The annual poll of 1,300 leaders and experts by the organization that will next week host meetings of the business and political elite in Switzerland describes how crises in the coming year are likely to emanate most either from commercial tensions or actual military encounters. Respondents specified “geoeconomic confrontation” and “state-based armed conflict” as the two biggest risks, in answers delivered even before US President Donald Trump ’s high-stakes trade talks with his Chinese counterpart in October, and this month, his attack on Venezuela and his declaration of intent to annex Greenland. The perceived dangers chime with the geopolitical tone of next week’s gathering in the resort of Davos. An unusually large agglomeration of more than 60 heads of state and government — including Trump and most of his Group of Seven peers — may draw the spotlight from the usual throng of business leaders also attending. Last year’s Global Risks Report from the WEF dwelled most on war against the backdrop of the Ukraine conflict, while prior ones cited fake news and inflation as the most pressing worries. This time, the assessment captures the anxieties of decision-makers rattled by the White House incumbent’s now-proven tendency to jolt allies and rivals alike with his muscular approach to trade and geopolitics, and Beijing’s readiness to respond in kind. “A new competitive order is taking shape,” Saadia Zahidi , managing director at the WEF, said in a preface to the report. “We are witnessing the turmoil caused by kinetic wars, the deployment of economic weapons for strategic advantage, and growing fragmentation across societies.” Her report describes the world as “balancing on a precipice,” with “geopolitical and geoeconomic” risks dominating. It is based on a survey of “global leaders and experts across ...

Few can dispute that Costco (NASDAQ: COST) is one of the most solid retailers in existence. As of the end of the first quarter of fiscal 2026 (ended Nov. 23, 2025), it operated 921 warehouses in 14 countries. Unfortunately, the stock earned no net gains over the last year despite its successes. That likely means that until the market addresses one key challenge with Costco stock , it is unlikely to be a good choice for investors; here's why. Image source: Getty Images. Continue reading

"Spy Center": China Plans Secret Room Near Sensitive Cables In London Mega Embassy Chinese officials plan to construct a concealed underground chamber adjacent to some of Britain's most sensitive communications infrastructure as part of their proposed new "super embassy" in London , according to planning documents reviewed by The Telegraph . Illustration via The Telegraph The chamber forms part of an extensive subterranean complex comprising 208 rooms beneath the embassy site at the former Royal Mint. The Telegraph reports: The drawings show that a single concealed chamber will sit directly alongside fibre-optic cables transmitting financial data to the City of London , as well as email and messaging traffic for millions of internet users. The same hidden room is fitted with hot-air extraction systems, possibly suggesting the installation of heat-generating equipment such as advanced computers used for espionage. The plans also show that China intends to demolish and rebuild the outer basement wall of the chamber, directly beside the fibre-optic cables. The revelations have prompted sharp criticism from senior UK Conservative figures, including Alicia Kearns, the shadow national security minister, who described approving the plans as providing “a launchpad for economic warfare at the heart of the central nervous system of our critical national infrastructure”. Illustration via The Telegraph “ The unredacted plans reveal a concealed room running immediately alongside the fibre-optic cables critical to the City and Canary Wharf . Telegraph readers don’t need me to spell out the obvious threats posed, nor China’s subterfuge – so why does the Labour Government?” Ms. Kearns told the newspaper. Illustration via The Telegraph The Telegraph further reports on why the proximity to the cables is cause for national security concerns: Carrying signals bearing the innermost financial secrets of the British economy , the cables stretch between the Telehouse group of data centres ...

Baidu Inc. is considering upgrading its Hong Kong listing to primary status to gain more exposure to investors in mainland China and protect itself from potentially unfavorable US policies, according to people familiar with the matter. The technology company — with a market value of $52 billion — trades on the Nasdaq and has a second listing in Hong Kong. That makes it more accessible to investors in Asia, but not in mainland China because it still isn’t eligible for the so-called stock connect. A primary listing would help Baidu qualify for cross-border trading, opening up investment flows from the mainland to Hong Kong. Deliberations have gathered momentum with Baidu’s plan to list Kunlunxin , a unit that makes chips to power data centers and artificial intelligence applications, the people said. Upgrading the Hong Kong listing might offer a hedge against US sanction risk given the political sensitivity of the sector, the people said, asking not to be identified because the information is private. Chinese Stocks Trading in the US Face an Old Foe: Delisting Why Chinese Firms Are Upgrading Their HK Listings: QuickTake Alibaba Group Holdings Ltd. did a similar upgrade in 2024 after US-China tensions raised the threat of delisting in America. Hong Kong’s stock market has been a bright spot. The Hang Seng Index has risen 40% in the past year and companies are flocking in to raise billions of dollars in share sales. AI chip designer Shanghai Biren Technology Co. has soared nearly 100% in the two weeks since its listing in the city. Dual-primary listings like the one Baidu is considering have stricter reporting requirements, as well as more administrative and other expenses. Mainland China based companies also need to meet criteria on weighted voting rights to qualify for the stock connect. A Baidu spokesperson didn’t respond to an email seeking comment. Baidu’s American Depositary Receipts have climbed about 90% over the past 12 months, outperforming the Nasdaq Golden D...

Covenant Partners LLC Sells 1,313 Shares of Tesla, Inc. $TSLA MarketBeat

Deltec Asset Management LLC Buys 4,630 Shares of Tesla, Inc. $TSLA MarketBeat

格隆汇1月14日｜上海市经济和信息化委员会、上海市交通委员会、上海市公安局印发《上海高级别自动驾驶引领区“模速智行”行动计划》。其中提到，按照“模型驱动引领、应用示范带动、产业协同发展、政策举措支撑”的总体思路，推动自动驾驶技术创新向产业竞争力加速转化。到2027年，高级别自动驾驶应用场景实现规模化落地，公共服务平台有力支撑行业创新，关键技术和产业规模达到国际领先水平，形成具有国际竞争力和影响力的智能网联汽车产业集群，基本建成全球领先的高级别自动驾驶引领区。

【导读】Claude Cowork的横空出世，不仅是用10天自建系统的技术奇迹，更是对人类职业价值的一次残酷拷问：当AI两小时能干完两个月的工作，我们是该庆幸解放，还是该恐惧被替代？ 打工人版Claude重磅出世，给全网带来了亿点点震撼！ Anthropic祭出的AI办公利器——Cowork，一夜之间引爆全网，白领们直接站在了失业的边缘。 有了它，一个人就能撬动整个公司的效能。 有的人在说，Claude Cowork真的被全网严重低估了！ 自己制定规划，主动推理，还能实时同步进度，乱七八糟的文件瞬间整理得明明白白； 即便是东一句西一句的零散笔记，到它手里直接变成逻辑清晰的报告，堪称终极生产力外挂。 一些大V是这么评价的，它是迈向真正大模型OS系统的第一步。 「真心话，它就是AGI！原本花费40个小时的报税工作，大幅压缩到了15分钟」。 网友们纷纷直言：Claude Cowork，才是AI生产力的全新黄金标准！ 更惊人的是，Claude Code之父自曝说，Cowork的代码全都是Claude Code自己写的。 我们终于进入AI自己指挥自己、创造自己的时代了。 10天交付，Claude写完100%代码 这才是最扎心的地方：Claude写Claude Cowork，而且仅在一周半时间（10天）完成。 此刻，AI真正实现了端到端闭环。 Dario Amodei曾说过，未来3-6月，AI将编写90%代码。如今，这句话的含金量还在上升。 Claude写了Cowork，那么人类都还能干点啥？ 为此，Anthropic工程师Felix Rieseberg解答了团队主要参与的过程，就三件事： 拍板大方向、大架构、核心产品决策； 给Claude定规矩、画边界、拆任务； 最后做Review，把关并合并 而真正「写代码」的时间里，每个开发人员屏幕上，要同时管理3-8个Claude实例。 它们被分配不同的角色：有的写前端交互，有的负责后端逻辑，有的调研技术方案，有的修Slack报的bug...... 所有任务，都是直接丢给Claude一键完成，人类只管吩咐，用Rieseberg原话来说—— 我们现在大部分时间都花在指挥这支「Claude军团」做决策上，而不是像以前那样纯手工地一行行敲代码了。 那么，Claude Cowork是因什么契机发布的呢？ Claude之父自述：全公司沦陷了 Cl...

MACOM Technology Solutions Holdings, Inc. recently appointed veteran semiconductor executive Bryan Ingram as an independent director to its Board, effective January 12, 2026, bringing experience leading multi-billion-dollar wireless semiconductor businesses at Broadcom, Avago, Agilent and other technology companies. Ingram’s blend of engineering depth and large-scale operational leadership is particularly relevant as MACOM pursues opportunities across complex, fast-changing markets such as...

格隆汇1月14日｜英国制药巨头阿斯利康(AZN.US)盘前涨约2%。消息上，阿斯利康收购生物医学人工智能公司Modella AI，双方将扩大现有合作，共同推进多模态AI基础模型和AI代理在阿斯利康全球肿瘤产品组合中的应用。收购完成后，Modella AI的生成式和智能体AI平台将整合到阿斯利康的肿瘤药物研发体系中，助力加速临床开发。

Aim is to speed up acquisition of WBD studio and streaming businesses and hold off rival Paramount bid Netflix is reportedly preparing to switch to an all-cash offer to seal its takeover offer for the studios and streaming businesses of Warner Bros Discovery (WBD), as it tries to speed up the deal and fend off a rival hostile bid from Paramount Skydance . The changes to Netflix’s $83bn (£62bn) offer, first reported by Bloomberg, are designed to accelerate the acquisition, which is expected to take months to conclude, and make it more palatable for WBD shareholders. Continue reading...

The Democratic Republic of Congo will shortly share a list of minerals projects with the US for possible development by American investors, six weeks after the two nations signed a strategic partnership. President Donald Trump ’s administration wants to challenge China’s dominance in the mining and processing of numerous minerals crucial to modern economies. On Dec. 4, the US and Congo announced a deal that grants American firms privileged access to some of the central African nation’s abundant reserves of metals including copper, cobalt, lithium and tantalum. No specific deposits or assets were disclosed at the time. “We are sending this week to the US a list of strategic projects where the US can invest,” Congo Mines Minister Louis Watum told the Future Minerals Forum in Riyadh on Wednesday. “It’s going to be, strictly speaking, a commercial discussion. It’s not going to be like we are giving it for free, not at all.” Read more: Trump Lands Congo-Rwanda Peace Agreement With Impact Unclear Congo is the world’s second-biggest producer of copper and the top supplier of battery material cobalt. Chinese companies account for most of the country’s output of both metals, which are normally extracted together at Congolese mines. The bilateral minerals pact was concluded as part of a broader peace deal the US brokered between Congo and neighboring Rwanda, which is intended to end decades of deadly conflict. The agreement provides “a framework,” Watum said. “We have expectations and there’s got to be a win-win partnership.”

格隆汇1月14日｜岩山科技(002195.SZ)今日涨停，录得8天6板，换手率34.47%，成交额250.19亿元。龙虎榜数据显示，深股通买入8.86亿元，卖出11.6亿元，净卖出2.74亿元；两家机构买入2.16亿元，卖出4.39亿元，净卖出2.23亿元；游资“消闲派”位列卖二席位，净卖出6.34亿元；“章盟主”位列买二席位，净买入2.97亿元。上榜席位全天买入20.05亿元，卖出26.32亿元，合计净卖出6.27亿元。(格隆汇)

这是一种“长期战略价值”和“短期现实矛盾”的极端情绪释放。 过去一周多，A股商业航天板块上演了一场“过山车”。前期集体拉升、龙头市值快速重估，随后的1月13日又突然出现集体跳水，十余只个股跌停，短线情绪从兴奋转向观望。这种短线的暴涨暴跌，充分体现了资本市场对商业航天的复杂心理——既有政策利好、技术突破带来的想象，也有对未来不确定性的担忧。 在这样的大背景下，也影响着筹备IPO的商业航天公司们。 2026年1月初，当蓝箭航天出现在中证协公布的首批现场检查名单上时，舆论的焦点迅速聚焦在蓝箭的亏损数字上：从2022年起到2025年上半年（约三年半）累计亏损近35亿元，而2025年上半年营收仅3643万元。 这组财务数据引发了大众一个直观的疑问：这正常吗？一家连续亏损的公司，凭什么能走到IPO这一步? 在科创板设立之前（传统核准制时代），A股主板、创业板等板块的上市审核确实对公司财务状况有严格的盈利要求，其中包括但不限于“连续盈利”或“累计净利润指标”等条件，这导致了很多亏损公司无法通过审核进入资本市场。但随着2019年科创板推出的五套差异化上市标准，为高研发、长周期的硬科技企业打开了一扇新门。 2025年12月26日，监管层更进一步，专门针对商业火箭企业发布《上海证券交易所发行上市审核规则适用指引第9号——商业火箭企业适用科创板第五套上市标准》从业务范围、技术属性、行业地位等七个维度，细化了适用第五套标准的具体要求，给商业火箭公司发了一张可进入资本市场的“身份证”。 当盈利不再是唯一标尺，对于投资者和观察者而言，理解商业火箭企业的IPO更多的关键，在于理解几个核心问题：商业航天的亏损究竟特殊在哪里?这个行业的盈利拐点何时到来?二级市场的机会又在哪里? 商业航天只有完成“入轨 → 复用 → 批量 → 降本”的闭环，利润结构才会发生根本性变化。这是SpaceX经过21年才盈利的过程，而一大批商业航天公司正在经历这个阶段性的闭环。 01 当亏损是常态 当舆论聚焦蓝箭航天累计的巨额亏损时，一个容易被忽略的事实是：蓝箭航天并非个案，而是整个商业火箭行业的常态。 目前，多家正在推进科创板上市辅导的商业火箭公司，包括星河动力、中科宇航、天兵科技、星际荣耀等， 它们大多尚未实现稳定盈利，仍处于“技术验证”的关键阶段。 中科协航天科普专家颜翔表示：“商业火箭企业普遍亏损并非偶然，而是行业必...

President Donald Trump's 2025 tax bill, the "big, beautiful bill" (OBBB), changed many aspects of the U.S. tax code. Among those changes was an expansion of eligibility and features of Health Savings Accounts (HSAs). HSAs are tax-advantaged savings accounts for covering healthcare costs that offer multiple benefits. You can contribute to an HSA tax-free and pay for qualified medical expenses from your HSA without paying taxes. Your savings in the HSA can be invested and grow tax-free until retirement. Unlike with Flexible Spending Accounts (FSAs) , funds in an HSA don't lapse at year-end and remain available year after year. Continue reading