UniqueMotionGraphics/iStock via Getty Images Federal Reserve Governor Chris Waller on Friday cast serious doubt on the textbook look-through strategy to handle the Iran war-induced inflationary pressure — or what we fashionably called the “War? Sh~” strategy. And he is not the only central banker who has expressed reservations. In normal times, central banks tend to ignore oil price surges. It is because oil price fluctuations - and the war that pushes them higher - tend to be short-lived. Given the long and variable lag of monetary policy impact, it is likely that when the rate hikes finally affect the real economy, the inflation problem has already gone away. War? Sh~! We don’t need to talk too much about it. But Waller on Friday deployed a fancy term - Bayesian Learning - to illustrate his warning against ignoring the Iran war inflation episode. The concept is about how people will update their prediction given new information. In this case, the observed inflation rate, which has been pushed above the 2% target by successive supply shocks for the last five years, is the information in question. The public so far believes that inflation will ultimately return to the target. But when the evidence keeps challenging their core belief, they will ultimately update their belief in accordance with observations. “There must be some reason the inflation rate can’t be returned to 2% and it is foolish to trust that it will.” This updated belief will introduce higher inflation expectations, and the unanchored expectation will lead to a vicious cycle, pushing the inflation even higher. In fact, Waller is not alone in worrying about this situation. As early as September last year, Megan Greene, an external member of the Bank of England’s Monetary Policy Committee, gave a speech on why, as supply shocks become more frequent and severe, look-through may no longer be the optimal strategy. In a recent Odd Lots episode , Greene applied her argument to the Iran war-inflicted economy....

格隆汇5月27日｜A股三大指数今日涨跌不一，截至收盘，上证指数跌1.25%，深证成指跌0.88%，创业板指涨0.07%，科创50指数跌2.8%。全市场成交额32599亿元，较上日成交额缩量45亿元，全市场近4500只个股下跌。板块题材上，白酒、影视院线、电力、煤炭开采加工、逆变器板块涨幅居前；贵金属、电机、通信服务、算力租赁、油气开采及服务板块跌幅居前。 今日半导体、白酒、煤炭、绿电及海外科技板块逆势走强，相关ETF涨幅显著，与白酒、电力、煤炭板块走强的行情高度联动： 半导体板块：中韩半导体ETF华泰柏瑞（513310）大涨5.69%，领涨全市场，半导体、存储器题材集体活跃。海外科技与亚太板块：亚太精选ETF南方（159687）上涨5.07%，纳指ETF广发（159941）上涨2.17%，纳指科技ETF景顺（159509）上涨1.92%，东南亚科技ETF华泰柏瑞（513730）上涨1.42%，海外科技题材集体走强。白酒板块：酒ETF鹏华（512690）上涨2.03%，白酒题材逆势活跃。煤炭板块：煤炭ETF国泰（515220）上涨1.99%，煤炭板块走强。电力与绿电板块：绿电ETF华夏（562550）上涨1.18%，公用事业ETF华夏（159301）上涨1.14%，储能电池ETF易方达（159566）上涨1.21%，电力、绿电题材同步活跃。 今日半导体设备、黄金、人形机器人、工业金属板块集体大幅回调，相关ETF跌幅居前，与人形机器人、超硬材料、工业金属、AI应用题材调整形成联动： 半导体设备板块：半导体设备ETF招商（561980）大跌4.47%，科创半导体ETF华夏（588170）下跌3.86%，半导体设备、服务器题材集体大幅走弱。黄金与工业金属板块：黄金股ETF永赢（517520）下跌4.40%，有色ETF鹏华（159880）下跌4.05%，矿业ETF国泰（561330）下跌3.95%，有色金属ETF南方（512400）下跌3.91%，有色金属ETF华夏（516650）下跌3.90%，有色ETF华宝（159876）下跌3.88%，黄金、工业金属题材集体大幅回调。人形机器人与工业母机板块：机器人ETF易方达（159530）下跌4.30%，工业母机ETF国泰（159667）下跌3.98%，人形机器人、工业母机题材集体大幅下挫。

Taiwan is experiencing explosive GDP growth due to chip exports, but some Taiwanese feel left out. Taipei, Taiwan – For Li, an engineer at Taiwanese computer giant ASUS, the AI boom sweeping Taiwan has made it an exciting time to work in tech. Taiwan is a semiconductor powerhouse, producing about 90 percent of the most advanced chips used to power leading AI models such as ChatGPT and Claude. “I’ve felt Taiwan’s tech and computer industry becoming more vibrant,” Li, who asked not to be identified by his real name, told Al Jazeera, pointing to events such as the upcoming Computex tech and AI expo running from June 2 to 6. Still, Li worries that the spoils of Taiwan’s AI windfall are not being shared equally. “Most industries unrelated to tech don’t seem to be feeling the benefits, so it doesn’t feel evenly distributed at the moment,” Li said, explaining that many of his former classmates working outside of tech do not appear to be doing as well. “It’s mainly the industries at the front of this tech wave that are benefitting.” Taiwan’s economy is growing at a pace that would be the envy of any country. Gross domestic product (GDP) rose 8.63 percent in 2025, followed by a heady 13.69 percent expansion in the first three months of this year. Exports surged 34.9 percent last year to $640.7bn, with more than two-thirds of the total being tech-related goods and services. Advertisement Semiconductors alone account for more than 20 percent of Taiwan’s GDP, according to US trade data, with the vast majority of production handled by Taiwan Semiconductor Manufacturing Company (TSMC), whose top customers include Nvidia and Apple. TSMC by itself accounts for more than 40 percent of the value of the island’s stock market. While impressive, the rapid economic expansion has raised concerns about being overreliant on the growth of AI. Taiwan’s Central Bank Governor Yang Chin-lung has sounded the alarm about an emerging “K-shaped economy,” where certain sectors grow rapidly while othe...

WTO争端解决机制停摆后，原本应在WTO解决的部分争端可能被迫转向美国国内司法体系，使CIT在WTO缺席时起到制度补位的功能 贸易争端纷纷进了CIT 又一件新闻将美国国际贸易法院（Court of International Trade，简称 CIT）推到公众视野。 上一次是学智公司（Learning Resources）等就2025年4月美国政府全球关税措施起诉政府，美国国际贸易法院受理后判原告胜诉。上诉后，2026年2月，美国最高法院支持了美国国际贸易法院的判决，认为政府无权根据《国际紧急经济权力法》征收全球关税。 最高法院判决后，美国政府立即宣布改用《1962年贸易扩展法》和《1974年贸易法》第122条授权，对几乎所有国家的商品征收10%的关税。这一次是两家公司（Burlap & Barrel 和 Basic Fun）对政府的这项关税行为向国际贸易法院提起诉讼。 推荐进入 财新数据库 ，可随时查阅宏观经济、股票债券、公司人物，财经数据尽在掌握。

GOOG traded near $387 after I/O, up year-to-date. Analysts set targets ~ $412–$515 and highlighted AI roadmap and potential enterprise adoption, noting market and analyst reactions. 1 GOOG disputes an EU fine over DMA-linked search changes, saying they harm European search quality and favor a few complainants; a final decision on Google Search is due before the summer break. 2 EU draft Cloud and AI Act (June 3) may restrict Alphabet Class C (GOOG) access to EU cloud for sensitive public contracts, curbing its role in certain government procurement projects. 3 Alphabet (GOOG) warned Canadian lawmakers a proposed bill on police access to device data could force product redesigns, weaken encryption and user privacy, and enable secret government pressures. 4

NVIDIA Vera ARM CPU Outperforms Intel Xeon and AMD EPYC SQ Magazine

近年来，视频基础模型的快速发展，显著提升了自动化短片生成的能力。诸如 Sora、Kling、Seedance、Veo 等模型，已经在 one-shot 视频生成上展现出强大能力。 不过，现有短剧生产通常依靠 大语言模型（LLM） 的 one-shot 生成和松散耦合的工作流，依然存在三方面不足： 叙事节奏偏弱 ，开场不够抓人，剧情冲突张力不足； 空间一致性不足 ，镜头切换后场景布局与人物位置难以保持连贯； 质量控制仍不成熟 ，生成过程仍需大量人工审查与修正。 针对这个问题，来自南洋理工大学的研究团队及其合作者发布了 分层 Agent 框架 “一句话一短剧”（ One Sentence, One Drama） 。用户仅需提供一句创意，该 Agent 框架就能得到一部制作完整、画面精美的个性化短剧内容。 论文链接：https://arxiv.org/abs/2605.22144 为了 评估短剧生成效果 ，研究团队在标准视频质量指标基础上加入了短剧特有标准。实验结果显示，One Sentence, One Drama在叙事质量、跨镜头一致性和整体观看体验上都 显著优于现有流水线 。 这也表明，随着Agent 驱动的结构化流程不断完善，短剧乃至更长视频内容正迈向 质量可控的生产阶段 。 图｜从一句话到一部完整短剧。 一句话生成短剧，如何实现？ 据论文描述，整个自动化视频生产流程分为四步： 故事生成 、 视觉素材与提示词生成 、 通过 3D 场景锚定实现一致的首帧生成 、 后期制作 。审阅环节贯穿始终，负责视频的质量控制。 图｜个性化短剧生成流水线分为四个阶段。 故事生成： Agent 先通过检索和多 Agent 辩论，生成 结构化故事 和 分镜脚本 ；再调用从约 300 部高质量短剧中拆解出的节奏模式库和因果逻辑库，按事实、逻辑和节奏三个维度组合叙事单元，搭建出一个 可控的短剧框架 。 图｜基于多 Agent 辩论的故事生成框架。 视觉素材与提示词生成： Agent 先生成场景全景图和角色参考图，再为每个片段 生成首帧 与 视频提示词 。首帧提示词定义第一帧的构图与视角，视频提示词描述后续动作、人物互动和镜头推进。生成前， 审阅模块 会检查空间关系和道具是否连贯，有问题就重写。 通过 3D 场景锚定实现一致的首帧生成： Agent 先根据 全景图 还原 场景空间 ，再把人物...

财联社5月27日讯，2026年5月21日，市场监管总局对 立讯精密 工业股份有限公司收购闻泰科技股份有限公司部分业务违法实施经营者集中案作出行政处罚决定，现将行政处罚决定书予以公告。立讯精密负有依法申报经营者集中的法律义务，未依法事先申报实施经营者集中，违反《反垄断法》第二十六条规定，构成违法实施经营者集中。依据《反垄断法》第三十三条，评估认为本项集中不具有排除、限制竞争的效果。 依据《反垄断法》第五十八条、第五十九条以及《违法实施经营者集中行政处罚裁量权基准（试行）》第五条、第六条、第七条、第九条等规定，本机关综合考虑了当事人违法行为的性质、程度、持续时间和消除违法行为后果的情况等。 立讯精密在本机关掌握该违法实施经营者集中行为前主动报告，具有从轻处罚情形。同时，立讯精密在发现违法事实后积极整改，完善反垄断合规管理制度并有效实施，决定对立讯精密处以90万元罚款的行政处罚。 国家市场监督管理总局行政处罚决定书 国市监处罚〔2026〕26号 当事人：立讯精密工业股份有限公司 主体资格证照名称：营业执照 统一社会信用代码：91440300760482233Q 住所：深圳市宝安区沙井街道蚝一西部三洋新工业区A栋2层 法定代表人：王来春 身份证件号码：（略） 根据《中华人民共和国反垄断法》（以下简称《反垄断法》）、《经营者集中审查规定》，本机关于2025年9月5日对立讯精密工业股份有限公司（以下简称立讯精密）收购闻泰科技股份有限公司（以下简称闻泰科技）部分业务涉嫌违法实施经营者集中案进行立案调查。 经查，该案构成违法实施经营者集中，但不具有排除、限制竞争的效果。本机关按照《中华人民共和国行政处罚法》（以下简称《行政处罚法》）的规定，向立讯精密送达了《行政处罚告知书》，告知当事人拟作出的行政处罚内容及事实、理由、依据，并告知当事人依法享有的陈述、申辩、要求听证的权利。立讯精密在规定期限内没有提出陈述、申辩意见或要求举行听证，本案现已调查终结。 一、案件来源及调查经过 2025年2月17日，立讯精密向本机关提交说明材料，主动告知立讯精密收购嘉兴永瑞电子科技有限公司（以下简称嘉兴永瑞）等三家公司股权的交易涉嫌违法实施经营者集中。经核，上述三家公司是闻泰科技全资子公司，本交易实为立讯精密收购闻泰科技的部分电子产品代工业务（以下称目标业务）。2025年9月5日，对本案立案调查。11月...

Edelweiss81/iStock via Getty Images The stock market has been hitting record highs recently, and it appears to be very resilient, shrugging off many concerns, from rising bond yields to surging oil prices and the war in Iran. While this could make some investors feel like this bull market is unstoppable, I see euphoria and other signs that have historically indicated the stock market could be at or near a top. If you look at bull market tops in the past, the highs are usually reached when there is a lot of money being made to the point where it seems like it grows on trees, and it feels great to be buying stocks. By contrast, stock market bottoms are typically hit when it seems like stocks will never stop going down and the last thing you want to do is buy more stock. Right now, I see multiple signs that could be indicating it is time to sell stocks into this strength and that we might be at or near a major top for this bull market run. Let's take a closer look at these potential warning signs of a stock market top: The Chart As the chart below shows, the S&P 500 Index ( SPY ) has surged higher from the March lows, and so much so that it even looks like a hockey stick has been drawn on the chart. This type of chart pattern is similar to "blow-off tops" that we frequently see with stocks that sometimes mark the top. The other concern that I have with this chart is that it shows what could become a very bearish "double top" since this index traded around the 7,500 level several days ago and just hit this level again. To avoid a double top formation, this index will need to break out beyond the 7,500 level. StockChart.com Signs Of Investor Greed As shown below, the CNN Fear & Greed Index shows that investors are getting greedy. Perhaps this index will climb higher into the extreme greed level, but either way, I prefer to buy stocks when this index is at extreme fear levels. cnn.com Red Hot IPO Market With Exceedingly High Valuations I believe many investors are excited...

What Happened? A number of stocks jumped in the afternoon session after Micron's blowout day signaled that AI-driven chip demand is structurally undersupplied which is bullish news for the equipment makers and foundries that build the capacity. Semiconductor manufacturing equipment (Applied Materials, Lam Research, KLA, ASML) and foundries (TSMC, GlobalFoundries) benefit when chip companies announce capacity expansions. Every dollar of additional Micron capex flows to the equipment makers that supply the tools, and every new fab Micron builds is a multi-year revenue stream for the foundries that share processes. UBS estimated Micron will spend $50B+ on capacity over the next 5 years. At industry-average tool intensity, that's billions of equipment orders. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Zooming In On Semtech (SMTC) Semtech’s shares are extremely volatile and have had 45 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 5 days ago when the stock gained 2.2% on the news that AI chip leader Nvidia reported record sales and income, driven by what its CEO described as 'parabolic' demand for AI infrastructure. The strong results confirmed investors' belief in a sustained AI-driven boom, lifting the entire semiconductor sector. Nvidia's success signals a massive buildout of data centers, which require a vast supply of high-performance chips. This directly benefits memory chip manufacturers like Samsung and SK Hynix, which produce essential components like High Bandwidth Memory (HBM). The intense demand has led some analysts to declare a 'semiconductor supercycle,' a prolonged period of above-average growth for the industry, as companies worldwide r...

位于深圳市龙岗区大鹏新区大鹏街道的佳兆业金沙湾大酒店01不动产，今日再次被拍卖。不动产登记信息查询结果显示，被拍标的物宗地面积34449平方米，建筑面积41081平方米，土地用途为旅馆业用地，房屋用途为酒店，权利人为深圳市金沙湾大酒店有限公司。查询历史数据可以发现，前述标的物于2025年11月6日曾被拍卖，当时的起拍价为6.92亿元，因无人出价而流拍。该标的物本次起拍价5.53亿元，较9.88亿元的评估价，相当于打了56折。另据企查查股权结构图，佳兆业集团通过全资子公司佳兆业（深圳）有限公司持有深圳佳兆业酒店管理有限公司100%股权，而深圳市金沙湾大酒店有限公司为深圳佳兆业酒店管理有限公司全资子公司。至记者截稿，本次拍卖已有1人报名，暂无出价记录。（财联社）

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)

格隆汇5月27日丨据日本共同社，日本政府将于6月3日向国会提交追加预算案。

教育部留学服务中心日前发出提醒，通过跨境远程学习方式获得的国（境）外学历学位证书和高等教育文凭一直不在其认证范围内。公安机关通报及教育部留学服务中心实际认证工作显示，仍有不良中介机构及境外院校在网络平台虚假宣传，谎称不需出境学习可通过认证，虚构学习经历，伪造申请材料，情节严重者甚至构成诈骗。据悉，该中心采取的疫情期间特殊认证规则仅针对受疫情影响被迫由面授课程转为线上学习的情况，从未将跨境远程纳入认证范围。部分不良中介机构将疫情期间的特殊情况与跨境远程学习方式一概而论、混淆视听。教育部留学服务中心提醒广大留学人员谨慎甄别，不要盲目听信各类平台上的“解读”及“攻略”。选择出国留学项目时多方参考教育主管部门和学校官方网站提供的信息。如遇可疑情况或已遭遇诈骗，立即保留相关证据并及时向公安机关和市场监管部门寻求帮助。（新华社）

Northern Ireland manager Michael O'Neill has signed a four-year contract extension to keep him at the helm until 2032. O'Neill had been appointed interim Blackburn Rovers boss in February and had been balancing this role with his position at Northern Ireland. However, it was announced earlier in the month that he would not be taking on the Blackburn job on a permanent basis. The 56-year-old has managed Northern Ireland a record 104 games including during their first major tournament appearance in 30 years, the 2016 Euros. "This is a role that means a great deal to me," O'Neill said. "I continue to believe strongly in the potential of this group of players and the direction we are moving in. "There is a lot of work ahead, but I am excited by the future." O'Neill will be aiming to bounce back with his young squad after their disappointing play-off defeat by Italy ended their hopes of making the 2026 World Cup. Northern Ireland face Guinea in an international friendly on 4 June before travelling to face France four days later as preparation for their upcoming Nations League campaign which starts in September.

格隆汇5月27日丨据腾讯云消息，腾讯会议正式推出“声链”功能。据介绍，开启“声链”后，同一间会议室里的几个人同时开麦发言，不会再有啸叫，并且能自动识别发言人。用户可升级到腾讯会议最新版本体验“声链”功能。

TradingKey - According to a CNBC report on Tuesday, Elon Musk has discussed merging SpaceX with Tesla ( TSLA ). The world was stunned by this sudden bombshell. However, in the face of this unprecedented 'trillion-dollar merger' in business history, should investors celebrate or make an early exit? Given the close relationship between the two companies and Musk's personal vision, a merger between SpaceX and Tesla is entirely possible. Musk has long envisioned building a "trillion-dollar ultimate AI and aerospace empire." If the two companies merge, it would allow him to rapidly consolidate wealth and control, laying the foundation for realizing this dream. More importantly, the two companies share numerous intersections and are even inextricably linked, primarily in three areas: (1) Cross-shareholding: Tesla previously invested $2 billion in xAI, and this investment has automatically converted into SpaceX shares following the merger of SpaceX and xAI; (2) Related-party transactions: Over the past year, SpaceX has purchased Megapack energy storage systems worth up to $697 million from Tesla, and additionally spent $131 million on Tesla electric vehicles; (3) Technology sharing: The two companies share a large number of top engineers, vice presidents of materials science, and Full Self-Driving (FSD) chips, and are currently co-developing a proprietary AI chip project named "Terafab." Of course, the merger of the two companies is not a whim but has been in the works for a long time. According to CNBC, Musk has discussed this not only with confidants and executives, but Tesla employees have also revealed that the idea of a merger has been discussed internally for many years.

收购集团CVC资本合伙公司出售了其持有的Naturgy能源集团股份，套现30.7亿欧元（合35.7亿美元）。就在数周前， 贝莱德 已全额退出这家西班牙能源企业。 本次交易由牵头投行 高盛 欧洲银行于周三公布：CVC旗下实体Rioja Acquisition收购公司以每股28.55欧元的价格，出让Naturgy总计11.08%的股份。该成交价较Naturgy周二收盘价折价4.6%。 高盛欧洲银行表示，此番交易完成后，CVC已清空其持有的Naturgy全部13.8%股份。该行补充称，CVC还与高盛欧洲银行结清部分金融合约，由此额外出让了Naturgy2.72%的股份。 据这家西班牙企业官网信息，在本次股份出售前，截至今年3月，CVC为Naturgy第二大股东。 责任编辑：何云

截止收盘，国内期货主力合约涨跌不一，鸡蛋涨超4%，集运欧线涨超2%，纤维板、红枣、玻璃、豆一涨超1%，氧化铝、短纤涨近1%。跌幅方面，沪银、碳酸锂跌超3%，液化石油气、多晶硅跌近3%，铂跌超2%。 涨跌都能赚 盈利就能离场！点击开通期货“T+0、双向交易”特权！>>> 碳酸锂大跌超3% 5月27日，碳酸锂主连合约下跌3.16%。 对于行情大幅波动的原因，市场分析认为，第一，库存数据显性化引发市场恐慌。上海有色网(SMM)近期大幅优化了碳酸锂社会库存的统计样本，将贸易商及电芯厂客供储备等隐性库存纳入统计范围，样本覆盖率从原先的50%-60%提升至70%-80%。这一统计口径的调整，直接导致社会库存账面数据骤增约3.6万吨。尽管实际库存可能仍在消耗过程中，但高企的绝对库存量瞬间改变了市场对供需紧平衡的预期，动摇了此前支撑价格上涨的“资源紧缺”逻辑。大量原本处于“水下”的库存突然“浮出水面”，给市场参与者带来了强烈的供应压力预期，触发了恐慌性抛售行为。这种由数据统计变化带来的心理冲击和预期转变，直接传导至期货市场，成为本轮价格掉头向下的核心触发因素之一。 第二，海外锂矿扩产与复产消息集中释放，强化远期供应宽松预期。近期，来自澳大利亚的多个锂矿项目传来明确的增量消息，从根本上扭转了市场对中长期锂资源供应的预期。具体来看，澳大利亚西澳大利亚州监管文件正式批准了Mount Holland硬岩锂矿的扩建计划，该项目产能将实现翻倍，建成后锂辉石精矿年产能将达到惊人的440万吨。 第三，期货市场自身结构压力显现，仓单高企压制近月价格。除了基本面的预期变化，期货市场自身的交割品压力也在近期集中体现。根据广州期货交易所的数据，碳酸锂注册仓单在5月中旬环比激增1329手，约合1.4万吨实物，仓单总量逼近历史高位。仓单的快速累积，表明市场上符合交割标准的现货正在大量涌入期货交割库，这直接增加了近月合约的可交割实物供应，对期货近月价格形成了现实的压制。 对于行情的后续展望，国泰君安（603977）期货指出，市场交易主线已由前期的矿端紧张向供需预期转弱过渡。尽管6月下游锂电排产环比增长7.6%，需求依然强劲，5-6月整体仍处于去库格局。但供给侧，随着海外锂矿复产扩产落地及津巴布韦矿陆续到港，三季度供给预计更趋宽裕。叠加下游备货真空期及仓单高企，短期盘面上方空间有限，整体处于震荡偏弱态势，建议谨慎...

LumiNola/E+ via Getty Images Strong earnings, rising competition and the outlook for AI were key themes on US property and casualty insurers' first quarter earnings calls. The sector posted its strongest first quarter in 25 years for underwriting gains and combined ratio, according to an S&P Global Market Intelligence analysis. Underwriting gains totaled $22.10 billion, and the combined ratio before policyholder dividends was 89.1%. Piper Sandler analyst Paul Newsome said overall profitability was strong. "When you step back, earnings were pretty good," Newsome said in an interview. "Companies had very high ROEs, even though the weather was normal to heavy in the quarter." Growth stories The Progressive Corp. ( PGR ) continued to grow in the quarter, booking net income of $2.82 billion, total revenue of $22.19 billion and an underwriting profit margin of 13.6%. Net premiums written rose to $23.6 billion, and the Mayfield, Ohio-based insurer added 3.3 million policies in force, bringing its total to 39.57 million. CEO Tricia Griffith said on the company's first quarter earnings call that the current soft market shows no sign of ending, though competition is intensifying "because everyone has great margins" and the competition "is great for consumers." "We think this is a really great opportunity to continue on our growth trajectory and continue to get more and more policyholders to [...] not just to be No. 1 in private passenger auto, but to be the No. 1 destination," Griffith said. Progressive achieved that first goal at the end of March, when it overtook State Farm Mutual Automobile Insurance Co. as the biggest private auto insurer. Progressive's direct premiums written in the 12 months ended March 31 surpassed State Farm's, ending its run as segment leader since 1942. The Allstate Corp. ( ALL ) grew its NPW to $14.63 billion and total revenue to $16.9 billion. Its property-liability business grew policies in force to 38.56 million and posted underwriting income of...

格隆汇5月27日｜有投资者在互动平台向高测股份提问：公司北美人形机器人企业复合金属腱绳订单完成交付了吗？追加订单没有？高测股份回复称，公司于近期已完成对北美客户灵巧手用复合金属腱绳小批量订单交付，产品性能获得客户高度认可。目前，为进一步赋能客户，双方已开启灵巧手复合腱绳深度研发合作，公司将持续提升复合金属腱绳性能，满足客户深度定制化需求，适配性更强的产品正在按客户需求推进。

小米集團－Ｗ(01810)出現大手賣出17.74萬股，成交價$29.0，涉資514.46萬 AASTOCKS.com

市场监管总局发布立讯精密工业股份有限公司收购闻泰科技股份有限公司部分业务违法实施经营者集中案行政处罚决定书，立讯精密工业股份有限公司因在收购闻泰科技部分电子产品代工业务时，未依法事先申报并擅自变更股权，构成违法实施经营者集中；鉴于该交易不具有排除、限制竞争效果，且立讯精密具有主动报告、积极整改等从轻处罚情形，市场监管总局依法对其处以90万元罚款的行政处罚。

格隆汇5月27日｜市场监管总局发布立讯精密工业股份有限公司收购闻泰科技股份有限公司部分业务违法实施经营者集中案行政处罚决定书。根据《中华人民共和国反垄断法》、《经营者集中审查规定》，本机关于2025年9月5日对立讯精密工业股份有限公司收购闻泰科技股份有限公司部分业务涉嫌违法实施经营者集中案进行立案调查。经查，本次交易前，闻泰科技间接持有目标业务100%股权，单独控制目标业务；本次交易后，立讯精密间接持有目标业务100%股权，单独控制目标业务，属于《反垄断法》第二十五条规定的经营者集中。本机关认为，立讯精密负有依法申报经营者集中的法律义务，未依法事先申报实施经营者集中，违反《反垄断法》第二十六条规定，构成违法实施经营者集中。立讯精密在本机关掌握该违法实施经营者集中行为前主动报告，具有从轻处罚情形。同时，立讯精密在发现违法事实后积极整改，完善反垄断合规管理制度并有效实施，决定对立讯精密处以90万元罚款的行政处罚。

TotalEnergies extends fuel price cap in France through June Reuters

格隆汇5月27日｜有投资者在互动平台向德龙激光提问：公司布局CPO玻璃基板封装、TGV核心工艺，请问公司的技术与设备是否已经运用到相关国产核心产商？德龙激光回复称，公司在玻璃基板TGV(ThroughGlassVia玻璃通孔)工艺方面已深耕多年，相关产品已进入市场多年并在行业知名客户处形成销售。相关业务在公司整体收入中占比较小，请注意投资风险。

A 68-year-old construction worker is in critical condition after being struck by an electric chain hoist at a Hong Kong government site undergoing drainage replacement works on Wednesday morning. The site on Yen Chow Street in Sham Shui Po is part of the government’s drainage pipe replacement project that spans from Tsuen Wan to West Kowloon. The project is expected to be completed by the end of this year. Police said they received a report from the site at 8.30am. One of the victim’s colleagues found him unconscious and bleeding from the head. Advertisement The worker was sent to Princess Margaret Hospital in Kwai Chung for immediate surgery. Police, Labour Department and Drainage Services Department officers investigating the accident at the Yen Chow Street site in Sham Shui Po. Photo: Jelly Tse The Association for the Rights of Industrial Accident Victims said he was in critical condition.

When Venkatesham started work on 1 June last year, he had high hopes. "On my very first day, what I thought would be a realistic target for the men's first team would be competing for European places," he said. Even though Tottenham had just finished 17th under Ange Postecoglou, they had won the Europa League, their first trophy since 2008, while the squad was packed with seasoned internationals. But reality quickly struck. "If you'd have asked me a few months after I joined, when I was no longer an outsider, I would have told you the club was in a significantly worse state in some places than I thought," said Venkatesham. "That is absolutely not meant to be a criticism of anyone or anything. It was just what I found. It was very clear that this wasn't some form of turnaround that was required of the club in quite a few areas. It was really a complete reset." Asked to expand on that, Venkatesham said: "If I had to generalise, I would say on the non-football side of the club, in particular around stadium operations and commercial, that the club was and is really strong. "I think if you look at the football side of the club, over a timeframe of five years or so, there has just been an explosion in progress across the Premier League. "I'm not saying that Tottenham didn't improve in that period. But what I can tell you is that when you look at where Tottenham were in many of those areas, compared to where I believe other Premier League clubs are, there was a significant gap. In some areas really quite worryingly so. "I don't think that there was what I would call a relentless obsession with football success. "Our training centre is amazing, one of the best, if not the best in the world. But when you look around, it looks more like a five-star hotel than it does a performance environment. That will change over the summer. "I think there are many areas where the club hasn't got the right level of expertise."