spawns/iStock via Getty Images Investment Thesis Generally, there are 2 issues that have pressured NVIDIA ( NVDA ) over the last ~9-12 months. The first flashpoint is China and the unpredictability that Nvidia and its investors must deal with when contesting for market share in the region. Lingering US/China geopolitical tensions and protectionist trade policies have brought an unprecedented level of uncertainty to Nvidia’s China revenues. Those geopolitical uncertainties boil over into Nvidia’s second flashpoint: the magnitude of its earnings/revenue beat, or the earnings surprise. This number is also impacted by fierce competition from Nvidia’s accelerator rivals closer to shore. Last week, Nvidia silently enforced a new revenue reporting structure that the company hopes will force investors to value it as an AI platform provider, as I anticipated in March this year , rather than just a GPU company. I believe these structural changes add to the broader skepticism around Nvidia’s ability to deliver larger-than-expected revenue beats. I do not believe this skepticism is warranted, and I am borrowing from Apple’s ( AAPL ) 2018 year of transition to demonstrate why Nvidia is underappreciated. What Did Apple Do in 2018? Before I highlight my views on the strategic changes in the company’s revenue reporting structure, allow me to explain some striking parallels to Apple in 2018. Through 2018, Apple’s shares were constantly plagued by 2 reasons: an extreme focus on Apple's hardware business and Apple’s market share in China. The fate of Apple’s shares was intensely tied to the shipment volume of its devices, predominantly the iPhones, and then other devices like iPads, Macs, etc. China was another sore thumb for Apple, with reports from 2018 speculating that “Apple may have lost more than a third of its market share in China and up to half its share in major metropolitan areas.” Competition from Chinese smartphone players was intense, with Huawei being one of the fastest...

spawns/iStock via Getty Images Investment Thesis Generally, there are 2 issues that have pressured NVIDIA ( NVDA ) over the last ~9-12 months. The first flashpoint is China and the unpredictability that Nvidia and its investors must deal with when contesting for market share in the region. Lingering US/China geopolitical tensions and protectionist trade policies have brought an unprecedented level of uncertainty to Nvidia’s China revenues. Those geopolitical uncertainties boil over into Nvidia’s second flashpoint: the magnitude of its earnings/revenue beat, or the earnings surprise. This number is also impacted by fierce competition from Nvidia’s accelerator rivals closer to shore. Last week, Nvidia silently enforced a new revenue reporting structure that the company hopes will force investors to value it as an AI platform provider, as I anticipated in March this year , rather than just a GPU company. I believe these structural changes add to the broader skepticism around Nvidia’s ability to deliver larger-than-expected revenue beats. I do not believe this skepticism is warranted, and I am borrowing from Apple’s ( AAPL ) 2018 year of transition to demonstrate why Nvidia is underappreciated. What Did Apple Do in 2018? Before I highlight my views on the strategic changes in the company’s revenue reporting structure, allow me to explain some striking parallels to Apple in 2018. Through 2018, Apple’s shares were constantly plagued by 2 reasons: an extreme focus on Apple's hardware business and Apple’s market share in China. The fate of Apple’s shares was intensely tied to the shipment volume of its devices, predominantly the iPhones, and then other devices like iPads, Macs, etc. China was another sore thumb for Apple, with reports from 2018 speculating that “Apple may have lost more than a third of its market share in China and up to half its share in major metropolitan areas.” Competition from Chinese smartphone players was intense, with Huawei being one of the fastest...

格隆汇5月26日｜富国银行将Take-Two互动软件的目标价从293美元下调至287美元，维持“增持”评级。(格隆汇)

西班牙官方公报周二发布消息，该国消费者事务部临时封禁境外 预测交易平台 Polymarket 和 Kalshi，原因是两家平台在西班牙境内开展业务却未持有博彩经营牌照。 西班牙消费者事务部在声明中表示，旗下博彩监管机构已对这两家美国企业启动调查，认定其未取得法定经营许可，涉嫌违反当地法规。 本次封禁预计持续三至四个月，直至调查结束。 预测交易平台的用户可针对各类未来事件的结果买卖权益，交易价格会反映出不同结果发生的概率。 和欧洲其他地区监管口径一致，西班牙将这类针对不确定结果下注的预测交易平台，定性为博彩业态。 该部门指出，无证运营的平台缺失多项法定技术与监管保障措施，例如身份核验系统、未成年人及自愿戒赌、禁赌人群的访问限制机制，以及用户权益保护相关规范。 预测交易最初只是互联网小众领域，自 2024 年切入美国政治相关交易赛道后，该行业迅速扩张，现已发展成市值数十亿美元的产业。 责任编辑：郭明煜

英矽智能公告，根据恒生指数公司截至2026年一季度指数检讨结果，公司将被纳入恒生生物科技指数成份股，该项纳入将于2026年6月5日收市后实施，并于2026年6月8日起生效。恒生生物科技指数旨在反映于香港上市且同时符合港股通资格的最大30间生物科技公司之整体表现。董事会认为，此次纳入充分体现资本市场对公司长期发展潜力的认可与信心，有助于拓展投资者结构、提升交易流通性。

格隆汇5月26日｜名创优品(9896.HK)公告，截至2026年3月31日止三个月，集团收入56.88亿元，同比增长28.5%；净利润12.48亿元，同比增长199.7%。经营利润15.21亿元，同比增长114.3%，经营利润率为26.7%。门店总数达8565家，同比净增797家，其中名创优品品牌门店8210家，TOPTOY品牌门店355家。

印尼黄金矿商PT Merdeka Gold Resources正准备在香港上市，其上市结构已逾十年未受青睐，这表明香港蓬勃发展的融资市场正吸引着亚洲乃至全球各地的兴趣 香港特别行政区，港交所。图：视觉中国

5月26日，在支付宝AI支付生态大会上，蚂蚁集团首席执行官韩歆毅表示：“AI时代下商业本质未变，但智能体新角色重构一切，支付宝以过去22年的技术积累与商业know-how，构建全新AI支付服务，助力新商业生态加速发展。” 韩歆毅认为，进入到智能体经济时代，商业的本质以及AI最终服务于人这两点并无变化。不同的是，支付的主体由人变为AI Agent 执行，服务的连续性由算力调度保障，并支持无感支付。基于服务的场景碎片化，极小额支付成为新的需求，AI支付在内容消费、数据授权等场景将广泛应用，而支付的成本也将大幅下降，并激活长尾经济，支付的形态也由此发生新的革命——支付演变为价值调度的中枢，承载多维数字资产的流通及价值转换。 韩歆毅表示，支付宝要做 Agent 时代的连接器和赋能器。基于此，支付宝在此次AI支付生态大会上，连续发布了Token Pay服务和AI钱包等产品，连同此前推出的AI付与AI收，正式完成了面向AI时代的全栈AI原生支付体系的构建。 最新数据显示，在此前全球支付笔数与用户人数双破亿的基础上，支付宝服务智能体支付的笔数再创新高，达3亿笔，支持95%通用智能体框架，成为大规模商用的AI原生支付基建。

格隆汇5月26日｜金融科技平台信也科技(FINV.US)盘前涨2.45%报4.6美元。消息上，信也科技于5月25日发布了2026年第一季度财报，呈现“国内收缩、海外高增、利润下滑但仍超预期”的格局。虽然净利润同比下降43%，但海外收入占比已提升至30%，且公司重申全年营收115亿-129亿元的指引。

美国中央司令部称，周一“在伊朗南部实施了自卫打击”，时值美伊和平谈判陷入拉锯之际。 美国中央司令部发言人蒂姆・霍金斯上尉在一份声明中表示，此次打击旨在“保护我方部队免受伊朗势力的威胁”。 “打击目标包括导弹发射场及试图布设水雷的伊朗船只，”霍金斯说，“在当前停火期间，美国中央司令部将继续在克制的前提下保卫我方部队。” 此次打击消息发布前，包括唐纳德・特朗普总统在内的美国官员已于周末早些时候表示，谈判进展顺利。 特朗普当地时间周一早些时候在社交媒体发文称，伊朗的浓缩铀“要么立即移交美国运回本土销毁”，要么在伊朗境内或其他可接受地点“就地销毁”，点明了美伊谈判中一个悬而未决的关键分歧。特朗普还补充道，原子能委员会“或其对等机构”应参与监督该过程。 一个多月前，特朗普宣布美国与伊朗达成临时停火，避免了一场他曾威胁要摧毁“整个文明”的最坏情况袭击；而就在此次打击数小时前，以色列总理本雅明・内塔尼亚胡誓言要加大对黎巴嫩真主党的打击力度——这场冲突与伊朗战争相邻，近几周来持续拖累和平谈判进程。 周六，特朗普暗示美伊协议即将达成，在Truth Social发文称：“协议的最终内容与细节目前正在磋商，不久后将公布。” 但仅一天后，他又发文指示美方谈判代表“不要仓促签约”，同时强调迄今为止谈判富有建设性。 当地时间周一清晨，特朗普再发长文，称仍有细节待敲定：“要么达成一份对各方都绝佳的协议，要么干脆不谈——重回战场开战，但规模和强度将前所未有——没人愿意看到这一幕！” 他在文中呼吁阿拉伯世界各国领导人签署《亚伯拉罕协议》、与以色列关系正常化，称其“强制要求”各国将此作为中东和平进程的一环。 《亚伯拉罕协议》由特朗普首任期末推动达成，被其视为个人政治遗产的核心部分，但在部分仍对以色列存疑的中东国家中，这一要求或成新的谈判障碍。 周末期间，包括北卡罗来纳州共和党参议员汤姆・蒂利斯、得克萨斯州共和党参议员特德・克鲁兹及南卡罗来纳州共和党参议员林赛・格雷厄姆在内的多名共和党议员，已对可能达成的协议表达质疑，敦促特朗普切勿因伊朗在战争中将霍尔木兹海峡作为筹码而对其妥协。 周一清晨，特朗普发文反击批评者，称他们是“只会制造分裂的失败者”。 伊朗战争已重创全球经济：自美以发动首轮打击、伊朗封锁霍尔木兹海峡（区域石油运输的关键水道）以来，能源价格飙升。 霍尔木兹海峡的控制权、伊朗核计划的未来及其浓缩...

If you have ever waited months for a quality stock to dip to your buy zone, the cash-secured put is the strategy built for exactly that patience. You get paid premium income upfront for the promise to buy shares at a price you already like. This is one of the most conservative income strategies available on Gotrade Global, and it pairs naturally with the kind of large-cap names long-term investors want to accumulate, such as Apple (AAPL), Costco (COST), and Alphabet (GOOGL). Here is how the mechanics work, how to pick a strike and tenor, and what assignment actually looks like in practice. How a Cash-Secured Put Actually Works A cash-secured put means you sell one put option and simultaneously set aside enough cash in your account to buy 100 shares at the strike price if you get assigned. The premium the buyer pays you lands in your account immediately. According to Fidelity: a cash-secured put lets you collect the premium upfront while potentially acquiring shares at the strike if the option gets exercised, combining income with a discounted entry. If the stock closes above your strike at expiration, the put expires worthless and you keep the entire premium as profit. If it closes below, you are assigned and now own 100 shares per contract at the strike price, with an effective cost basis of strike minus the premium you collected. Why CSPs Suit Patient Buyers of Quality Names The reason this strategy fits AAPL, COST, and GOOGL so well is straightforward. These are names most long-term investors are happy to own at the right price, so the worst-case outcome, assignment, is not actually a bad outcome. Contrast that with selling a put on a speculative small-cap you would not want to own. There the assignment risk is real and uncomfortable. On a Mag 7 quality compounder, getting assigned at a strike 8 percent below today is often the entry you were waiting for anyway. Per the Options Industry Council: the strategy is appropriate when you would be happy to acquire the s...

WANAN YOSSINGKUM China is said to be restricting overseas travel for top AI professionals in private firms such as Alibaba Group ( BABA ) and DeepSeek ( DEEPSEEK ), suggesting an escalation in measures intended to safeguard its technology and catch up to the U.S. in a pivotal sphere. Government agencies have begun imposing restrictions on individuals involved in advanced AI work and considered strategically important to the country, according to a Bloomberg News report . That means they need approval from relevant authorities before embarking on overseas travel, the people said, asking for anonymity to discuss a sensitive issue. Chinese authorities had earlier advised leading AI entrepreneurs and researchers to avoid traveling to the U.S. over fears of sensitive information leaks and the risk of executives being detained amid geopolitical tensions. More on related tickers, etc. Alibaba: Consolidated Revenue Growth Will Be Much Higher In FY2027 Alibaba Is Becoming An AI Giant Alibaba: Cloud's Promise Sustains, But The Stock Is Pricey Still Asian equities mixed after U.S. strikes temper Middle East optimism; KOSPI defies trend to hit record high Asia markets rally, Nikkei surges 3% to fresh record highs, and oil plunges below $100 on hopes of US-Iran peace deal

斯里兰卡央行周二大幅加息 100 个基点，幅度创下三年新高，令市场猝不及防。受能源价格飙升影响，该国通胀抬头、本币承压，央行同时释放出将进一步收紧货币政策的信号。 这个南亚国家刚从 2022 年重创各行各业与民众的严重金融危机中逐步复苏，如今中东局势动荡，该国经济增长再度面临冲击。 斯里兰卡央行将隔夜政策利率从 7.75% 上调至 8.75%，并表示，美以与伊朗之间的冲突推高了通胀、导致斯里兰卡卢比持续贬值，此次加息正是应对上述问题。 路透社调研的十余名经济学家及分析师中，仅有七位预测此次加息幅度为 25 个基点或略高。自 3 月初以来，卢比汇率已大跌 8.7%，外汇储备也因地区冲突持续承压。 凯投宏观资深亚洲经济学家加雷斯・莱瑟表示：“斯里兰卡此次大幅加息，凸显出该国极易受到中东危机影响。若局势无法尽快缓和，后续大概率还会继续加息。” 央行行长纳恩达拉勒・维勒辛赫在政策落地后的新闻发布会上称，本次加息 有助于稳定汇率与通胀 。他还表示，央行将结合最新经济数据与新增风险，出台举措抑制需求端压力。他补充道，斯里兰卡经济增速与通胀水平有望维持在合理区间。 斯里兰卡燃料完全依赖进口，伊朗局势引发的能源危机对其打击巨大：国内燃油价格涨幅达 40%，燃油开始限量供应，该国甚至被迫将周三设为公共假日。 斯里兰卡年化通胀率已从 3 月的 2.2% 攀升至上月的 5.4%，虽远低于金融危机期间 70% 的峰值，但压力仍在。斯里兰卡央行在声明中表示，短期整体通胀率或将持续高于 5% 的政策目标，后续才会逐步回落并企稳在目标水平附近。 政策公布后，斯里兰卡股市下跌 0.75%；卢比汇率波动收窄，报 1 美元兑换 321 斯里兰卡卢比。 为 2023 年 3 月以来最大加息 经济增长风险加剧 这是斯里兰卡自 2025 年 5 月降息 25 个基点以提振经济以来，首次调整利率，同时也是 2023 年 3 月金融危机最严峻阶段之后，幅度最大的一次加息。 科伦坡本土证券研究机构 CAL 策略主管乌迪尚・乔纳斯表示：“本次加息 100 个基点，意味着斯里兰卡央行政策重心已从提振增长转向稳物价。” 受此次政策影响，他将该国 2026 年经济增长预期从 4.2% 下调至 3.0%。 今年 1 月，斯里兰卡央行与财政部曾预测全年经济增速在 4% 至 5% 之间。维勒辛赫行长称，该国经济增速仍有望落在 ...

Source: Bloomberg, 4:27

cagkansayin/iStock via Getty Images Market Review Bonds ended fractionally lower. U.S. investment-grade bonds declined slightly during the first quarter, breaking their four-quarter string of gains. The volatile period included renewed tariff concerns, a Federal Reserve (Fed) policy pause, mixed economic data, war in Iran and soaring oil prices, which stoked inflation worries. Economy was uneven. Last year's government shutdown weighed on fourth-quarter gross domestic product, which expanded at an annual pace of only 0.5%. Manufacturing remained expansionary but slowed slightly in the first quarter, while the services sector contracted in March for the first time in more than three years. The job market rebounded strongly in March, and the unemployment rate inched lower to 4.3%. Fed left rates unchanged. The Fed's dual focus on inflation, which remained above target, and the labor market, which stabilized, resulted in rates staying unchanged in the quarter. The target short-term lending rate remained 3.5% to 3.75%. Amid growing uncertainty regarding the economy, inflation and geopolitics, the Fed and the market tempered expectations for future interest rate cuts. Treasury yields rose. Treasury yields were volatile and ended the period higher. Yields declined through February and reversed course in March, as oil prices and inflation expectations surged. The two-year Treasury yield ended March at 3.81%, up 0.33% for the quarter. The yield on the 10-year Treasury rose 0.15% to 4.32%. The yield curve between two and 10 years flattened. Inflation persisted. Inflation remained unchanged during the quarter. However, personal consumption expenditures edged higher in January. Overall, inflation expectations increased, and Treasury inflation-protected securities advanced and outperformed nominal Treasuries. Sector results were mixed. Mortgage-backed securities advanced modestly and posted a gain during the quarter. Treasuries, which barely lagged the benchmark, outperformed i...

格隆汇5月26日｜华天科技(002185.SZ)今日涨停，换手率18.49%，成交额112.43亿元。龙虎榜数据显示，深股通买入5.94亿元，卖出1.87亿元，净买入4.07亿元；游资“中山东路”位列买四席位，净买入9561万元；“量化打板”位列买五席位，净买入1805万元。上榜席位全天买入16.17亿元，卖出10.3亿元，合计净买入5.87亿元。(格隆汇)

格隆汇5月26日｜据央视，从金融监管总局了解到，湖北、湖南、贵州、广东、广西、江西、重庆等多地近日发生暴雨洪涝灾害之后，金融监管总局指导各地金融监管局和保险行业切实增强责任意识，做好防汛救灾相关服务工作。指导保险机构及时开通快速理赔通道，推动能赔快赔、应赔尽赔、合理预赔。截至5月26日上午11时，7省（自治区、直辖市）因暴雨洪涝灾害，保险业累计接报案4.2万件，估损金额9.1亿元，已赔付和预赔付2.6亿元。

MINISO Group Holding press release ( MNSO ): Q1 Non-GAAP EPADS of $0.26 misses by $0.04 . Revenue of $824.6M (+28.5% Y/Y) beats by $10.83M . As of March 31, 2026, the company's total store count reached 8,565, representing a net increase of 797 YoY and 80 YTD. Adjusted EBITDA increased 6.6% YoY to RMB1,105.7 million (US$160.3 million). Adjusted EBITDA margin was 19.4%, compared to 23.4% in the same period last year. Net cash from operating activities was RMB365.2 million (US$52.9 million) for 26Q1, capital expenditure was RMB270.6 million (US$39.2 million) and free cash flow was RMB94.6 million (US$13.7 million). More on MINISO Group Holding Miniso: Why A Rebound Could Be In The Pipeline MINISO Group Holding Limited (MNSO) Q4 2025 Earnings Call Transcript MINISO Group Holding Limited 2025 Q4 - Results - Earnings Call Presentation Quant snapshot: Diana Shipping, National Bank of Canada among top-rated names as Pony AI, Alarum Technologies lag MINISO Group beats Q4 street view

三星电子旗下代表消费电子岗位员工的工会于周二表示，已向韩国当地法院提起申请，要求阻止一项薪酬协议的投票流程。该协议的利好主要集中在公司芯片部门员工身上。 这份由韩国政府牵头斡旋、于上周达成的协议，成功避免了 4.8 万名员工为期 18 天的罢工。受益于人工智能产业热潮，三星存储芯片部门利润大幅飙升，该部门员工也将拿到高额奖金。 工会员工已于上周五启动投票，投票将于本周三上午结束。外界普遍认为这份协议最终会获得通过。 三星电子工会（SECU）约有 1.3 万名成员，大多来自手机、电视及家电部门。该工会发布声明称，因被告知无权参与此次投票，故而采取了法律行动。早在协议敲定前，双方分歧就已导致该工会退出了谈判团队。 人工智能红利分配引争议 本次谈判由三星电子劳动工会（SELU）主导。该工会周二表示，其 57290 名具备投票资格的成员中，已有超九成完成投票，但暂未公布具体投票结果。 协议生效需满足两项条件：参与投票的合格工会成员过半，且投赞成票的人数占投票者多数。一旦未达标，双方就必须重新启动全部谈判。 韩国全国三星电子工会（NSEU）同样对协议条款表示不满。该工会负责人李浩硕向路透社透露，旗下部分消费电子岗位员工正投反对票。 他还称，三星芯片部门的部分晶圆厂员工也对这份协议心存不满。尽管翻盘希望渺茫，但他们仍期待协议最终被否决。 “我们希望能创造奇迹。” 他说道。 据该工会官网信息，全国三星电子工会拥有约 2 万名成员，其中绝大多数为芯片部门员工。 三星的出口额约占韩国总出口的四分之一，这份薪酬协议落地也让韩国各界松了一口气。但此次劳资纠纷，也暴露出企业内部在 人工智能发展红利如何分配 问题上的巨大分歧。 今年，三星存储芯片员工合计可拿到约 41.6 万美元的奖金；晶圆厂及逻辑芯片设计部门员工奖金数额次之，但依旧十分可观；手机、家电等其他部门员工的奖金则进一步缩水。 另有一小部分个人股东表态：若工会投票通过该协议，他们将提起诉讼。这些股东认为，协议部分条款未经股东批准，涉嫌违法。 周二收盘，三星电子股价上涨 2.2%。自上周协议达成以来，其股价累计涨幅达 8%，不过表现不及竞争对手 SK 海力士 —— 后者同期股价大涨 18%。 责任编辑：郭明煜

(RTTNews) - Asian stocks ended mixed on Tuesday, with South Korea's Kospi rallying to reach a fresh record high as trading resumed after a long holiday weekend. A cautious undertone prevailed elsewhere across the region after American forces hit missile launch sites in Iran and boats trying to place mines, denting hopes of an imminent peace deal. Elsewhere, Israel struck sites in southern Lebanon after Prime Minister Benjamin Netanyahu vowed further strikes. The U.S. dollar rebounded in Asian trade and Brent crude futures climbed above $99 a barrel, while gold fell nearly 1 percent to $4,526 an ounce as the latest U.S. strikes on Iran clouded the outlook for an interim peace deal. China's Shanghai Composite index slid 0.17 percent to 4,145.37 and Hong Kong's Hang Seng index finished marginally lower at 25,599.45 following Beijing's crackdown on illegal cross-border trading to stem capital outflows. Japanese markets retreated from a record high amid continued uncertainty over the Strait of Hormuz reopening. The Nikkei average slipped 0.25 percent to 64,996.09 after having gained nearly 9 percent over the past three sessions. The broader Topix index settled 0.10 percent lower at 3,938.46. Chip-related stocks paced the declines, with Advantest tumbling over 6 percent and Tokyo Electron losing 1.5 percent. Technology investor SoftBank Corp soared 10.9 percent to extend gains for a fourth consecutive session on optimism over its exposure to artificial intelligence and chipmaking. Seoul stocks scaled a new peak as trading resumed after a public holiday. The Kospi average jumped 2.55 percent to 8,047.51, marking a new record closing high and extending its winning streak for a third straight session. Among the top gainers, Samsung Electronics advanced 2.2 percent and SK Hynix surged 5.7 percent. Australian markets ended lower to snap a three-session rally, with banks leading losses on inflation concerns. The benchmark S&P/ASX 200 dipped 0.39 percent to 8,657.80 ahead of key...

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格隆汇5月26日｜黑莓(BB.US)盘前续涨11%，报8.78美元；该股上周五大幅收涨近19%。消息面上，黑莓近日宣布，旗下AtHoc平台已顺利完成2026年度联邦风险与授权管理计划(FedRAMP)D级(高)安全认证的复审工作。黑莓AtHoc是一款关键事件管理平台，主要用于紧急通知与危机协调。据介绍，该平台已被80%的美国联邦政府机构采用，同时服务于全球范围内的国防机构、执法部门、应急服务机构及关键基础设施运营商。(格隆汇)

陷入“忍忍就好”或过度使用止痛药的误区。 “偏头痛疾病诊疗仍存在诊断率低、预防性治疗率低等问题，许多患者陷入‘忍忍就好’或过度使用止痛药的误区，导致病情进一步加重。”近日，在一场偏头痛关爱月科普活动上，南方医科大学南方医院头痛中心负责人冀雅彬讲述了当前偏头痛疾病在诊疗上面临的困局。 偏头痛是位列第二的常见神经系统失能性疾病，临床特征为反复发作性的、多为单侧的中重度搏动性头痛，常伴有恶心、呕吐、畏光和畏声等症状。 冀雅彬表示，偏头痛强度可显著高于骨折及带状疱疹，属于中至重度疼痛范畴，会对患者生活质量造成显著影响。20岁至44岁是偏头痛高发的核心年龄段，这部分人群正值人生“奋斗黄金期”。相比男性，女性的发病风险更高，这也跟女性的生理特点强相关，月经/妊娠/更年期激素水平变化是关键推手。 香港大学深圳医院神经内科主任蔡继福教授对第一财经记者表示，如果偏头痛频繁发作，可能会从“偶尔痛”变成“天天痛”风险，每年约有2.5%至3%的发作性偏头疼患者会转为慢性偏头疼，一旦慢性化，治疗难度将大大增加。 在治疗偏头痛上，非甾体抗炎药、对乙酰氨基酚和含咖啡因的复方镇痛药是常见的治疗药物，但这类药物存在一些不足之处。 “每周使用镇痛药的天数不应超过2天，否则可能导致‘药物过度使用性头痛’，这会让头痛频率增加、程度加重，陷入‘头痛-服药-头痛’的恶性循环，应在医师指导下规范。”冀雅彬说。 当前，也有新的治疗偏头痛特异性药物在应用。CGRP（降钙素基因相关肽）是一种重要的多肽类神经递质，研究表明其在偏头痛的发生过程中起到了关键作用。基于这一发现，科学家们开发了专门针对CGRP的药物，称为CGRP靶向药物，此类药物正成为偏头痛治疗的重要创新选择。 在CGRP靶向药物赛道上，药企们布局火热。医药魔方Nextpharma数据库显示，截至2026年3月，全球已有8款CGRP/CGRP受体靶向药物获批上市，其中中国市场就有三款药物获批上市，其中两款属于单克隆抗体，分别是诺华的依瑞奈尤单抗以及礼来的加卡奈珠单抗；另外一款是小分子CGRP受体拮抗剂，即辉瑞的瑞美吉泮。另外，灵北的依普奈珠单抗已通过大湾区、博鳌先行先试，新药在中国的上市申请已获受理。 部分CGRP靶向药物可用于预防性治疗，也让偏头痛治疗从被动止痛迈入主动预防性治疗的新阶段。 从全球市场销售额看，有一些CGRP靶向药物2025年销售额突破10...

华森制药公告，控股股东成都地方建筑机械化工程有限公司将其持有的公司2450万股办理质押，占其持股15.03%、占公司总股本5.87%，质押期限为2026年5月25日至2028年5月24日，质权人为中国银河证券股份有限公司，质押用途为生产经营。本次质押后，其累计质押股份2450万股，占其持股15.03%、占公司总股本5.87%。

格隆汇5月26日｜日本已派遣高级官员前往俄罗斯，旨在保持沟通渠道畅通并保护在俄经营的日本企业的资产。据东京方面表示，这是自俄乌冲突爆发以来一系列访问行动中的最新一例。日本经济产业大臣赤泽亮正周二表示，日本经济产业省贸易政策局局长Masayoshi Arai与外务省欧洲局副局长Masaki Ishikawa目前正在俄罗斯，并计划与俄罗斯政府官员及其他相关方举行会晤。赤泽指出，此次访问并非旨在加强与俄罗斯的经济合作，且并非史无前例。他补充称，在2023年、2024年及2025年，日本每年均多次派遣官员前往俄罗斯。根据耶鲁大学管理学院的一项追踪数据，包括三井物产和商船三井在内的数十家日本企业目前仍在俄罗斯继续运营。

东华能源公告，公司因未及时披露2022年在香港发生的一起涉案金额约13.7亿元的仲裁事项，以及未在多份定期报告中披露相关情况，收到江苏证监局出具的警示函。公司董事长周一峰、总经理邵晓、董事会秘书陈文辛因未能勤勉履行职责也受到警示。公司已于2026年4月补充披露了仲裁情况，并在2025年年度财务报告中进行了相应处理。