美国白宫于周五发布了一份有关人工智能（885728）的框架文件，旨在确保为儿童、社区和小企业提供保护，这是旨在规范该领域发展的一项国家计划的一部分。特朗普政府一直致力于推动建立一个全国统一的立法框架，以便在全国范围内统一实施，而不是让各州自行制定各自的计划。白宫在一份声明中表示：“政府期待在未来几个月与国会合作，将这一框架转化为总统能够签署的法案。”(新浪财经)

Futures Slide Ahead Of Massive $5.7 Trillion OpEx As Iran War Shows No Signs Of Easing Futures are weaker heading into the weekend after US equities finished lower yesterday despite Netanyahu headlines leading to a late day bounceback into EOD. Geopolitical headlines remain the focus overnight with Brent rising as much as 90bps before reversing, as Iran pressed ahead with hitting energy assets & headlines that the US is considering plans to occupy Iran’s Kharg Island to press for the reopening of the Strait of Hormuz. As of 8:15am, S&P 500 futures fell 0.4% after finishing on Thursday under its 200-day moving average which could trigger even more forced selling; Nasdaq 100 futures declined 0.6%. US stocks are on course for a fourth week of losses, the longest losing streak in a year. Brent crude oil prices reversed earlier gains to decline 0.7% to around $108. The VIX rose to around 25. Elsewhere, it was a relatively quiet overnight with upward pressure on yields still the focus (USGG10YR +4bps @ 4.29%) amid concerns about hawkish central bank reaction functions. Metals are mostly lower: Aluminum -4.4%, Silver -1.0%. The US Dollar is up 0.2% as markets price in less than 5bp of Fed rate cuts this year, down from 60bp last month. There is no macro on today's calendar. In premarket trading, Mag 7 stocks are all lower (Alphabet -0.7%, Amazon -0.6%, Tesla -0.4%, Nvidia -0.5%, Meta -0.4%, Microsoft -0.5%, Apple -0.4%) FedEx (FDX) climbs 7% after raising its full-year profit forecast, signaling that the courier’s plan to restructure its delivery network is gaining traction despite geopolitical conflict and economic volatility. Figs Inc. (FIGS) rises 6% after Oppenheimer upgraded the seller of medical scrubs to outperform, saying a sustained recovery is underway. Firefly Aerospace (FLY) gains 7% after the spacecraft maker reported revenue for the fourth quarter that beat the average analyst estimate Planet Labs (PL) gains 14% after the satellite imaging firm reported reven...

primeimages/iStock via Getty Images Investment Approach Fidelity® Small Cap Value Fund ( FCPVX ) takes a value approach to investing, focusing on companies with above-average quality characteristics, including good capital allocation, and that are trading at below-market multiples. We strive to buy the best businesses available among these value plays, though in periods of extremely high return variance, we may opportunistically go further down the quality spectrum if there is sufficient valuation dispersion in the market to justify it. Each of our investments is scrutinized for a perceived margin of safety, assessed through rigorous analysis of each firm's income statement and balance sheet. We employ a disciplined portfolio construction approach and manage the portfolio in a relatively concentrated fashion in order to emphasize our best ideas, and to try to have most of the risk and return of the fund driven by stock-specific factors. FUND INFORMATION Manager(s): Gabriela Kelleher Trading Symbol: FCPVX Start Date: November 03, 2004 Size (in millions): $4,499.58 Morningstar Category: Fund Small Value Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. The securities of smaller, less well-known companies can be more volatile than those of larger companies. Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long periods of time. PERFORMANCE SUMMARY Cumulative Cumulative Annualized Annualized Annualized Annualized 3 Month YTD 1 Year 3 Year 5 Year 10 Year/LOF 1 Fidelity Small Cap Value Fund Gross Expense Ratio: 0.91% 2 1.58% 8.23% 8.23% 11.67% 10.81% 10.01% Russell 2000 Value Index 3.26% 12.59% 12.59% 11.73% 8.88% 9.27% Morningstar Fund Small Value 1.84% 6.89% 6.89% 10.58% 9.73% 9.0...

Norway’s crown princess, Mette-Marit, has said she was “manipulated and deceived” by Jeffrey Epstein as she spoke publicly for the first time about her years-long relationship with the late sex offender. She also claimed that she “did not know he was a sex offender or an abuser” – despite telling him in an email in 2011, three years after he had been sentenced to 18 months in prison and pleaded guilty to soliciting sex from girls as young as 14, that she had recently Googled him. The Epstein files, released in January by the US justice department, have rocked Norway after multiple figures from the highest echelons of society – including Mette-Marit and a former prime minister – were named in them. On Tuesday, the Norwegian parliament voted unanimously to appoint an independent investigative commission to look into connections between the country’s foreign office and Epstein. Mette-Marit appears to be mentioned nearly 1,000 times in the files in personal email exchanges between 2011 and 2014. In one exchange, Mette-Marit asked whether it was “inappropriate for a mother to suggest two naked women carrying a surfboard for my 15-year-old son’s wallpaper?” The royal palace has previously released a statement in which Mette-Marit said she had shown “poor judgment” and expressed “deep regret at having had any contact with Epstein” but otherwise she has remained largely silent. After seven weeks of mounting pressure – including from the prime minister, Jonas Gahr Støre – she sat down for a 20-minute interview with the Norwegian broadcaster NRK, broadcast on Friday, alongside her husband, the crown prince Haakon, at their home near Oslo, the royal residence Skaugum. The interview was filmed on Thursday, the final day of the trial of Mette-Marit’s son Marius Borg Høiby – who could face more than seven years in prison if he is found guilty of 39 offences, including four rapes, which he denies. The crown princess has pulmonary fibrosis, for which she is likely to need a lung tr...

中国云市场终于不再打价格战了。3月18日，阿里云、百度智能云纷纷宣布涨价。 阿里云官网发布公告称，平头哥真武810E等算力卡产品上涨5%—34%，文件存储CPFS（智算版）上涨30%；百度智能云也发布调价公告，宣布AI算力相关产品上调约5%—30%，并行文件存储上调约30%。 从打价格战到纷纷提价，标志着中国云计算行业价格战的时代正在结束，行业正式进入以算力价值为核心的变现阶段。 告别价格战，云计算驶向顺周期 如果把时间往前拨一年，中国云计算市场还是另一番景象。 2024年，云厂商还在价格战。当年2月，阿里云在2024战略发布会上宣布，全线下调中国区云产品官网售价，平均降价幅度超20%，最高降幅达55%，被称为“史上最大力度降价”。 随后，腾讯云、百度智能云等主要玩家几乎全部入局，整个行业进入“以价换量”的竞争阶段。 在大模型刚刚爆发的窗口期，云厂商普遍将算力与模型能力视为入口资源，通过极低价格吸引开发者与企业入场，优先占据生态位。 当时，行业的共识是， 算力会变便宜，甚至会像带宽一样成为一种持续贬值的基础资源。 但这一判断，在被迅速修正。 今年3月，阿里云与百度智能云几乎同时宣布上调AI算力及存储产品价格，部分产品涨幅达到30%以上。这是近年来头部云厂商少见的同步提价。 从“最高降价50%”，到“最高涨价30%”，中国云计算市场在一年内完成了一次定价逻辑的反转。这背后是供需关系的变化。 一方面，需求持续变大。 过去一年，AI应用的形态正在从对话式工具转向能做事的智能体。以 OpenClaw 一类工具为代表，AI不再只是生成文本，而是可以直接调用软件、跨应用完成复杂任务。相应地，算力消耗也从单次问答的千级、万级Token，迅速跃升至数十万甚至百万级。 沙利文 2026 年 2 月发布的报告显示，2025 年下半年中国企业级大模型日均调用量飙升至 37.0 万亿 tokens，较上半年的 10.2 万亿 tokens 暴涨 263%，半年实现近 3 倍扩容。 另一方面，算力供给的扩张并没有想象中那么快。高端GPU、服务器、数据中心建设都属于重资产投入，周期长、成本高。 存储成本快速上升。根据Counterpoint发布的一份报告，2026年第一季度内存和NAND闪存的价格均上涨了90%，而且涨势可能还会继续，直接推高了云厂商在数据存储与传输环节的成本结构。 另一方面，...

财联社3月20日讯（编辑 冯轶） 财联社为您带来今日港股重要公告 1）业绩速递 中国中免(01880.HK)： 2025年营业总收入人民币536.94亿元，同比减少4.92%；净利润人民币35.86亿元，同比减少15.97%。期内毛利率同比增长0.51个百分点，存货周转率同比增长约10%。 途虎-W(09690.HK)： 2025年收入人民币164.62亿元同比增加11.5%；毛利39.68亿元，同比增加5.9%；经调整净利润约7亿元，同比增加12.2%。 小鹏汽车-W(09868.HK)： 2025财政年度总收入为人民币767.2亿元，同比上升87.7%；净亏损为人民币11.4亿元，同比收窄80.3%。期内汽车毛利率为12.8%，相较而言，去年则为8.3%，全年的交付量为429,445台，同比增长125.9%。 香港中华煤气(00003.HK)： 2025年营业额543.26亿港元，同比减少2.07%；净利润56.88亿港元，同比减少0.42%。 赤峰黄金(06693.HK)： 2025年营业收入约126.385亿元，同比增长40.03%；净利润约30.82亿元，同比增长74.7%。 三一国际(00631.HK)： 净利润预计介乎人民币16亿元至人民币18.5亿元，同比增加49.8%至73.2%。 中广核矿业(01164.HK)：预计2025年持续经营业务的除税前利润下降约2亿港元至2.5亿港元。 复宏汉霖(02696.HK)：2025年收入66.67亿元，同比增加16.46%；净利润8.27亿元，同比增加0.8%。 绿景中国地产(00095.HK)：发盈警，预计2025年亏损约97亿元，同比扩大。 晨讯科技(02000.HK)：2025年收入3.99亿港元，同比下降7.1%；净亏损1330.2万港元，同比收窄86%。 滴普科技(01384.HK)：2025年收入人民币4.15亿元，同比增加70.83%；毛利2.29亿元，同比增加81.14%。主要由于2025年客户数量为130名，增长46.1%。期内企业级人工智能解决方案的客户和收入大幅增长。 远洋集团(03377.HK)：发盈喜，预计2025年净利润60亿元至75亿元，主要由于完成债务重组。撇除一次性影响后，预计本年度业绩亏损。 不同集团(06090.HK)：2025年收入约14.46亿元，同比增长15.8%；...

Quotes: Analysts and experts react to Unilever's potential food business sale to McCormick Reuters

Major semiconductor stock TSMC (TSM) was lower today on fears that production will soon be hit by a lack of helium because of the Iran war. AI stock Nvidia (NVDA) and EV maker Tesla (TSLA) could also soon be in the firing line because of the rapid hike in helium prices. The recent attacks on energy facilities in the Gulf States by Iran following the outbreak of war with the U.S. and Israel have seen gas and oil prices spike higher. Helium is Pivotal in Semiconductor Production But the gas supply disruption has also tightened the supply of helium, which is a natural gas byproduct and pivotal in semiconductor manufacturing. Qatar, which suffered a pounding from Iranian missiles last night, is the world’s second-largest helium producer, supplying a third of global output. Putting on a science hat, helium is essential in creating the right conditions for semiconductor manufacturing. That includes creating a stable vacuum environment during the lithography process, as well as cooling semiconductor materials and reducing thermal stress that could damage the integrity and quality of the chips. It is also used for leak detection in sub-5-nanometer chip fabrication. In short, advanced processors can’t be made without it. The closure of the Ras Laffan facility, the world’s largest LNG plant and one of the Iranian targets, since the beginning of March has taken roughly 5.2 million cubic meters of helium off the market each month. Helium Prices No Laughing Matter As such, helium prices are up 13% over the last five days. If disruptions last 60 to 90 days, experts say prices could surge by another 25-50%, potentially exceeding $2,000 per thousand cubic feet, or more than four times pre-war levels. There are alternative suppliers such as the U.S., Algeria, Russia and Poland, but there is a risk without more that the world’s semiconductor fabs may have to shut down production. TSMC is the most exposed to the shortage of helium. The company has said operations remain normal for now...

The Kent meningitis outbreak may have reached its peak after only two new cases were reported by officials on Friday. The UK Health and Security Agency said that as of 12.30pm on Thursday, there were 18 confirmed and 11 probable cases of meningitis linked to the Kent outbreak, taking the total number of people with the disease to 29. Of the confirmed cases, 13 were meningitis B. While the growth in cases may have slowed, the situation remains serious, with all cases requiring hospital admission. As of 5pm on Thursday, 2,360 vaccinations had been given and 9,840 doses of antibiotics handed out to those affected by the outbreak, UKHSA said. Prof Robin May, the chief scientific officer of the UKHSA, said experts were still trying to work out if the meningitis B bug in this outbreak had become more transmissible, given that usually there was typically only one new case of meningitis a day. He told Times Radio: “We’ve been working around the clock since the discovery of this outbreak to try and understand more about it, including doing DNA sequencing, genome sequencing for this strain. That analysis is extremely complex. The genome for this bacteria is about 100 times bigger than Covid so it’s a lot more complicated. “So it will take us some time to analyse that, but we are very much focusing our attention on whether anything has changed in the bacteria that might make it more likely to spread or cause disease.” UKHSA said initial genetic analysis had showed “the Bexsero vaccine currently being offered in Kent should provide protection against the type of MenB in this outbreak”. It said: “The strain belongs to a group of bacteria known as group B meningococci, sequence type 485 belonging to the larger clonal complex ST-41/44. Similar strains have been circulating in the UK for around five years but detailed analysis of the outbreak pathogen is required.” View image in fullscreen Juliette Kenny (left) with her family, who are now campaigning for teenagers and young people...

Investors in Automatic Data Processing, Inc. ADP need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 20, 2025 $150 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Automatic Data Processing shares, but what is the fundamental picture for the company? Currently, Automatic Data Processing is a Zacks Rank #2 (Buy) in the Internet - Software industry that ranks in the Top 34% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while five analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.29 per share to $2.23 in that period. Given the way analysts feel about Automatic Data Processing right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce ...

霍尔木兹海峡的供应中断正冲击所有地区：亚洲面临最大的供应冲击，欧洲苦于进口依赖和液化天然气竞争，美国则看到燃料价格飙升。 亚洲正争相寻找替代方案（包括 俄罗斯石油 和更多煤炭使用），而欧洲正将液化天然气供应输给出价更高的亚洲买家，自身处境依然高危。 即使能源安全的美国市场也受到影响，因为全球原油价格推动汽油和柴油大幅上涨，凸显了能源市场的相互关联性。 霍尔木兹海峡石油和液化天然气供应的突然中断正在所有主要能源消费地区引起反响，暴露了亚洲、欧洲和美国的能源安全问题。 没有一个地区能够免受石油市场历史上最大规模中断的影响，尽管有些地区在供应紧张方面比其他地区遭受更多损失。但所有地区都看到燃料价格飙升，通胀加速的威胁非常真实，而且短期内不会降息。 亚洲正经历最大、最紧迫的中断，而欧洲在液化天然气供应竞争中输给亚洲，仍然严重依赖天然气和石油进口。美国虽然在理论上拥有最安全的国内供应，但由于炼油业务与全球油价紧密相连，其柴油和汽油价格正出现前所未有的飙升。 亚洲供应冲击中的中国缓冲 亚洲受到的供应冲击是巨大的。该地区最依赖中东的液化天然气和原油供应，其中大部分——或至少曾经——通过霍尔木兹海峡运输。 亚洲买家正争先恐后地通过购买现在被允许的油轮运输的俄罗斯石油以及来自更遥远地区（包括美国、西非和巴西）的原油来满足供应需求。 Kpler高级原油分析师徐牧宇本周早些时候表示：“虽然日本、韩国以及可能更多亚洲国家的战略石油储备释放预计将帮助炼油商克服眼前的供应短缺——可能仅从3月底到4月的几周时间——但这种政策性的权宜之计无法长期解决供应缺口。” 亚洲国家已尽可能提高煤炭在发电中的使用量，试图弥补因卡塔尔停产和霍尔木兹海峡事实关闭造成的全球液化天然气流量的20%损失。 在供应竞争重新开始之际，亚洲正吸引大部分灵活目的地的液化天然气货物离开欧洲。 但价格如此之高，以至于该地区许多国家只有在为了避免紧急情况时才会购买。 有趣的是， 作为全球最大的石油和液化天然气进口国，中国并不像庞大的进口数字所暗示的那样容易受到冲击 。中国对卡塔尔液化天然气的依赖估计占其天然气供应结构的6%，而且过去一年以低油价建立了大量原油库存缓冲。 欧洲再次陷入依赖 亚洲作为最大的消费地区正感受到实物供应紧张，但 欧洲的处境可能更加岌岌可危 。它不仅一半供应依赖进口，而且还是石油和天然气价格飙升的次级受害者，因为...

Li Lu, a renowned value investor and founder of the investment firm Himalaya Capital, earned global respect after backing winners like BYD early. Born in China in 1966, Lu was a student leader during the Tiananmen Square protests in 1989 that would ultimately lead to the Tiananmen Square massacre later that year. Lu would eventually move to the U.S., where he attended a lecture by the legendary value investor Warren Buffett at Columbia University, which inspired him to take up investing. In 1997, Lu launched Himalaya Capital, now a $3.5 billion investment manager that holds nine stocks. In 2003, Lu met the late Charlie Munger, who was Buffett's right-hand man and served as vice chair of Berkshire Hathaway until his death in 2023. Munger also provided Lu and Himalaya with $88 million to manage. Munger often described Lu as the "Chinese Warren Buffett." At the end of 2025, Lu had 75% of Himalaya's portfolio invested in just three stocks. 1. Alphabet: 44% of portfolio According to Himalaya's latest filings, the fund had 44% of its capital invested in Alphabet (GOOG 0.12%) (GOOGL 0.15%), split equally between class A and C shares. It's been a great call, with Alphabet shares up over 86% in the past year. Not only did Google receive a favorable ruling in a U.S. Department of Justice lawsuit seeking to break up the tech behemoth, but Alphabet has also shown that its artificial intelligence (AI) models can compete in this new world and protect market share from other AI chatbots, at least in the traditional search market. Expand NASDAQ : GOOG Alphabet Today's Change ( -0.12 %) $ -0.37 Current Price $ 305.93 Key Data Points Market Cap $3.7T Day's Range $ 301.00 - $ 306.67 52wk Range $ 142.66 - $ 350.15 Volume 1.1K Avg Vol 20M Gross Margin 59.68 % Dividend Yield 0.27 % Furthermore, Alphabet has other fast-growing businesses that are leaders in their respective sectors. YouTube is a digital media juggernaut that continues to grow its audience with a range of short- and long-f...

Key Points Born in China, Li Lu eventually immigrated to the U.S. and launched his own fund, Himalaya Capital. Lu, a student activist during the Tiananmen Square protests, was inspired to pursue investing after seeing Warren Buffett give a lecture at Columbia University. Like Buffett, Lu has much of Himalaya's capital concentrated in just a few stocks. 10 stocks we like better than Alphabet › Li Lu, a renowned value investor and founder of the investment firm Himalaya Capital, earned global respect after backing winners like BYD early. Born in China in 1966, Lu was a student leader during the Tiananmen Square protests in 1989 that would ultimately lead to the Tiananmen Square massacre later that year. Lu would eventually move to the U.S., where he attended a lecture by the legendary value investor Warren Buffett at Columbia University, which inspired him to take up investing. In 1997, Lu launched Himalaya Capital, now a $3.5 billion investment manager that holds nine stocks. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » In 2003, Lu met the late Charlie Munger, who was Buffett's right-hand man and served as vice chair of Berkshire Hathaway until his death in 2023. Munger also provided Lu and Himalaya with $88 million to manage. Munger often described Lu as the "Chinese Warren Buffett." At the end of 2025, Lu had 75% of Himalaya's portfolio invested in just three stocks. 1. Alphabet: 44% of portfolio According to Himalaya's latest filings, the fund had 44% of its capital invested in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), split equally between class A and C shares. It's been a great call, with Alphabet shares up over 86% in the past year. Not only did Google receive a favorable ruling in a U.S. Department of Justice lawsuit seeking to break up the tech behemoth, but Alphabet has also shown that i...

海關檢獲約460萬支私煙，市值逾2,000萬元，拘捕一人。 被捕37歲男子黑布蒙頭，由海關人員帶走調查。海關昨日在大埔洞梓路一個鐵皮場，檢獲約460萬支未完稅香煙，應課稅值達1,500萬元。 海關指涉事倉庫囤積大量包裝物料，企圖逃避追查。私煙集團又將私煙重新包裝，相信是運至煙稅較高的地區圖利。涉事男子已被起訴，周六在沙田裁判法院提堂。

当手术机器人的真实成本遭遇行政定价，医院做一台亏一台，患者想自费却无门。湖南的前车之鉴敲响警钟:脱离成本的定价,最终让患者失去选择,让产业陷入内卷，让创新难以为继。 今年1月，国家医保局发布《手术与治疗辅助操作类医疗服务价格项目立项指南（试行）》，首次从国家层面为手术机器人构建了统一的价格管理框架，实行与主手术挂钩的系数化收费模式。 政策初衷是好的，但一个核心问题让人担忧：关键的“加收系数”该定多少？ 当一项高成本的前沿技术，遭遇可能脱离成本的行政定价，会发生什么？ 湖南的教训，已成为悬挂在全行业头顶的警示牌。 成本与价格的错配——湖南的前车之鉴 手术机器人能干啥？ 简单说就是：让医生手术的时候手更稳、眼看得更清。机器臂能滤掉人手的颤抖，在狭小空间里灵活转动；3D摄像头把手术区域放大十倍，医生连比头发丝还细的神经都看得一清二楚。 应用到患者身上的价值，就是创口小、恢复快、住院短、痛感低，还可以最大程度上保留器官功能。比如，直肠癌患者不用一辈子挂着粪袋过日子，前列腺癌患者不用面对尿失禁那种生不如死的后遗症，也不用丧失性功能。治与不治，是两种截然不同的生活质量。 但这项技术，在不远的未来，对医院而言极有可能给医院带来巨大的经济风险，对于患者而言，更是被迫让患者丧失选择创新医疗的权利。 先说成本。 据《卫生经济研究》测算，以子宫切除术为代表的复杂机器人手术，设备正常折旧、耗材、维护等成本合计多在2.25万至4.09万元之间，往往超过3.5万元。 更关键的是，很多医院本身就陷在亏损泥沼里。今年两会期间，有一线临床代表提到，医院很多项目的收费已经低于成本。在此背景下，医院对每一笔高成本投入都格外敏感。 再说收费。 国家医保局的新框架根据手术机器人在手术中的参与程度，分档设立“导航”“参与执行”“精准执行”三个价格项目，实行与主手术挂钩的系数化收费模式，具体加收比例由各地医保部门制定。 此前，湖南模式可作为参考。2022年湖南规定：手术机器人完成手术全部核心操作步骤的，最高加收300%。以一台基础手术费约3000元的子宫切除术为例，机器人手术总费用约为1.2万元（3000元+3000元×300%）。 1.2万元一台的手术，似乎也不低，但依然低于3.5万元的成本。这意味着，医院每做一台，账面亏损高达2万元。 更严峻的是，当前按病种付费（DRG）的打包价模式，让这笔亏损成了无法补救...

Two dozen sites earmarked for disposal in Argyll and Bute The listing of the locations comes as the authority proposes to spend a total of £3.7 m on works at its Kilmory offices in Lochgilphead.

Key Stats for Astera Stock This Week Performance: +4.9% +4.9% 52-Week Range: $47.1 to $262.9 $47.1 to $262.9 Current Price: $126.2 Most investors never know if a stock is truly undervalued or overpriced. TIKR’s professional-grade valuation tools give you a clear, data-backed answer across 60,000+ stocks for free → What Happened? Connectivity semiconductor firm Astera Labs (ALAB) — whose Intelligent Connectivity Platform routes data between AI accelerators inside the world’s largest data centers — doubled revenue in fiscal 2025 to $852.5 million, a 115% jump, even as the stock now trades at $126.16, less than half its 52-week high of $262.90. Astera’s Q4 earnings release on February 10 delivered revenue of $270.6 million, a 92% year-over-year gain that beat the IBES consensus of $249.5 million by $21.1 million, with non-GAAP diluted EPS of $0.58 topping the $0.51 estimate, while Q1 2026 guidance of $286 to $297 million implies sequential growth of 6% to 10%. Scorpio, the company’s AI fabric switch product line that manages high-speed traffic between processors inside AI server clusters, crossed 15% of FY 2025 revenue in only its first three quarters of shipment, the Aries PCIe retimer portfolio grew 70% year-over-year, and Taurus active electrical cable modules — which condition signals inside high-speed Ethernet links — grew roughly 4x, demonstrating that revenue breadth now spans three independent product lines rather than a single concentrated bet. CEO Jitendra Mohan stated on the Q4 2025 earnings call that “the market opportunity for our intelligent connectivity platform is substantially larger than we initially anticipated, encompassing multiple product lines, physical media types, form factors and protocols for both standard and custom applications,” a claim grounded in the company’s February 10 disclosure of a warrant agreement granting Amazon rights to purchase up to 3.26 million shares tied to $6.5 billion in cumulative product purchases through 2033. Astera...

Astera Labs: What a 224% Bull Case Looks Like tikr.com

連續兩日聽證會，都有宏福苑居民前來旁聽，部分居民希望聽證會還原真相，政府要從中汲取教訓，作出改善。 宏昌閣居民鄧先生稱：「覺得相當無助，其實整個制度，要求業主、居民，他們不同背景，要組織立案法團跟進維修工程，都缺乏專業知識去理解細節，那些才是合理，價錢、用料等，整個制度繼續行，都會再次出現。坊間也有建議，這類工程將來政府介入多一點，由政府替居民選擇甚麼方案，再讓市民去選，可能會好一點。」 宏福苑居民何先生指出：「各個政府部門都不知，無驚無險就收工，幾十萬元一個月，真是打份工，完全無心去做的，走程序就算，其中被杜淦堃找到一些造假的證據，怎也說不通。」

Gary Yeowell/DigitalVision via Getty Images Yields on U.K. government bonds climbed to their highest since 2008, as concerns over a prolonged energy shock linked to the Middle East conflict and stronger-than-expected borrowing unsettled investors, the Wall Street Journal reported. The 10-year gilt yield rose to around 4.94%, its highest since 2008, the report said, citing LSEG data. The increase reflected growing unease over the country’s fiscal outlook and the prospect of prolonged high-interest rates. The Bank of England voted unanimously 9-0 to maintain its benchmark rate at 3.75% , a decision that prompted an immediate repricing across the gilt market. U.K. public sector borrowing surged to £14.3B in February, sharply exceeding economists’ expectations of £9.3B in a Wall Street Journal poll and reversing a surplus recorded in January. The rise in borrowing comes as markets also grapple with the inflationary implications of escalating tensions in the Middle East, which have fueled concerns about a sustained energy supply shock. Higher gilt yields translate into increased borrowing costs for the government and feed through to mortgage rates, tightening financial conditions across the economy. While current moves are largely driven by global macroeconomic pressures, the sharp rise in yields has revived memories of the 2022 market turmoil triggered by former Prime Minister Liz Truss’s unfunded fiscal plans. U.K.-focused ETFs: ( EWU ), ( FLGB ), ( FKU ), ( FXB ), and ( EWUS ). More on markets US2Y climbs to a 7-month high as the Fed dampens rate cut expectations Recessions are becoming less frequent as sector credit cycles take center stage, Apollo says 15 dividend stocks offering a 4% yield and double-digit returns in 2026 S&P 500’s 15 most oversold stocks

支持建设若干“双一流”高校新校区，“双一流”高校本科招生数增加10万以上 “十五五”规划纲要提出，推动高等教育提质扩容。多渠道扩大优质高等教育资源，加大高水平研究型大学建设力度，建强应用型本科高校。同时，支持建设若干“双一流”高校新校区，“双一流”高校本科招生数增加10万以上，建设200所左右高水平应用型本科高校、在有条件的高校建设若干优质特色学科专业。 今年的政府工作报告也明确，持续扩大优质本科教育招生规模。 在今年全国两会期间，教育部部长怀进鹏介绍，这两年，通过优质本科扩容，“双一流”高校扩招3.8万人，积极回应人民群众接受优质高等教育的关切。 此间一大背景是，当前，我国高等教育毛入学率已经超过60%。专家分析指出，虽然我国高等教育的毛入学率已经超过了60%，但优质本科只是一个比较小的比例。要解决上大学不难、上好大学难的问题，就必须在高等教育上面实现扩优提质，从现有的优质的大学本科中去推进。 随着优质本科扩招、研究生扩招及高校院系学科专业的调整，多所双一流大学也建设或启用了新校区。著名高校建设、启用新校区也是在为“推动高等教育提质扩容，扩大优质本科教育招生规模”做基础建设支撑。 去年9月开学季，多所“双一流”高校的新校区迎来了首批新生。去年11月初，东南大学异地建设新校区的消息尘埃落定；根据南通市教育局官网发布的《关于建设东南大学南通校区事项社会稳定风险评估的公示》，东南大学与南通市政府拟合作共建东南大学南通校区。今年3月18日，中国人民大学发布的消息显示，2025年秋季学期，北京通州校区全面正式投用，2025级硕士研究生已顺利入驻北京通州校区，开启崭新的学习生活。 根据去年11月南京江北新区管委会发布的《南京航空航天大学江北新区国际校区规划设计方案批前公示》,该校区占地面积约26.59万平方米。这意味着南京航空航天大学将在南京江北新添一个校区。 “十五五”规划纲要还提出，聚焦优势学科和战略急需适度扩大“双一流”建设范围，新建若干所新型研究型大学。 上海立信会计金融学院立信研究院（智库中心）高级研究员张林撰文分析，自2015年“双一流”建设启动以来，经过两轮建设，高校数量已从2017年首轮137所增至2022年次轮147所，在人才培养、科研创新等方面成效显著。但从整体看，147所“双一流”高校仅占2025年全国普通本科院校总数（1365所）的10.8%，占比仍然...

Investors in TPG RE Finance Trust, Inc. TRTX need to pay close attention to the stock based on moves in the options market lately. That is because the March 20, 2026 $3.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for TPG RE Finance shares, but what is the fundamental picture for the company? Currently, TPG RE Finance is a Zacks Rank #5 (Strong Sell) in the Real Estate - Operations industry that ranks in the Bottom 35% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 29 cents per share to 25 cents in that period. Given the way analysts feel about TPG RE Finance right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Wa...

《科创板日报》3月20日讯（记者 黄心怡） 字节跳动已和沙特公共投资基金（PIF）旗下的Savvy Games Group达成出售沐瞳科技的最终协议，其出售价格超过60亿美元。 据知情人士透露， 字节跳动在AI方向上投入巨大，2025年四季度整体利润下降，出售沐瞳被视为字节在战略上进一步向AI聚焦的信号。 沐瞳CEO张云帆则发布内部信称，最近公司和Savvy签署了协议，双方将在未来一段时间内完成交易。交易完成后，沐瞳将成为Savvy的全资子公司。与此同时，沐瞳的管理结构保持不变，沐瞳仍是一家总部位于上海的公司。张云帆也将继续担任沐瞳CEO，和管理团队一起继续带领公司向前发展。交易完成后，基于历史业绩贡献，将为沐瞳员工提供多项激励计划，其中包括加速部分历史授予的长期激励的归属和发放。 字节跳动计划出售沐瞳的消息早在2023年11月就有传出。当时消息称，字节跳动正在寻求以不低于50亿美元的价格出售旗下游戏公司沐瞳科技，并为此聘请高盛作为财务顾问，帮助寻找和接触潜在买家。 而对于沐瞳被出售的消息，沐瞳原CEO袁菁曾在内部公开回应，表示沐瞳继续独立运营，会长期深耕游戏行业。 之后在2024年，字节搁置沐瞳科技的出售计划，并任命新CEO张云帆接替袁菁。张云帆此前曾先后在网易、欢聚时代、完美世界等公司就职，曾出任完美世界游戏总裁。 张云帆出任CEO后，字节跳动一度计划将旗下的沐瞳和朝夕光年打包成整体，筹划游戏业务独立上市。 不过到2025年11月，字节跳动又重启了出售沐瞳的计划。Savvy与字节跳动进行接触，就收购字节旗下的全资子公司沐瞳科技正展开谈判。 2026年1月，曾传出双方的交易已签约。不过，字节方面对此否认。不过，有接近沐瞳的人士对《科创板日报》记者表示，实际上在2025年12月谈判就进行得十分顺利。 自2019年起，字节大举进军游戏业务，一度被业界认为将与腾讯短兵相接。 2019年，字节跳动以1.1亿元收购三七互娱子公司上海墨鹍，并组建为101游戏工作室。同年，朝夕光年成立，最初是作为字节跳动的游戏发行和制作机构，2021年2月正式将其确定为游戏品牌名。 对沐瞳科技的收购也是字节布局游戏业务的一环。 2021年3月，字节跳动宣布全资收购沐瞳科技。此次收购字节付出了100亿人民币的现金和价值150亿的股权，支付对价约合40亿美金 。 但从2022年开始，字节对旗下游戏...

格隆汇3月20日｜小鹏汽车董事长、CEO何小鹏表示，自2025年三季度量产上车以来，图灵芯片累计出货量已超过20万片。公司预计，今年二季度起全系车型（含Max版本）将完成切换至自研图灵芯片，全年出货量目标接近100万片。有望成为中国大算力端侧AI芯片的出货量第一名。何小鹏表示，大众是图灵芯片及第二代VLA对外开放的首发客户。公司将面向更多车企、具身智能企业及Tier 1开放图灵芯片及智能化整体解决方案。

文章提及标的 中国稀土 -- 稀土 -- 3月20日，中国稀土（000831）集团党委召开党委理论学习中心组学习2026年第2次(扩大)会议。会议要求，要坚持创新驱动，在攻坚克难中培育新动能。聚焦重大任务攻坚核心技术，突破稀土（884215）产业链“卡脖子”难题。聚力布局新兴未来产业，推动传统稀土（884215）制造向高端智造、绿色智造转型。优化创新生态体系，持续加大科研投入力度，完善创新联合体建设。(人民财讯)

isil terzioglu/iStock via Getty Images Planet Labs ( PL ) shares gained 21% after the satellite imaging firm reported fourth quarter results that beat the average analyst estimate. Q4 revenue increased 41% year-over-year to a record $86.8M, taking full-year revenue to a record $307.7M (+26% Y/Y). The company delivered its first fiscal year of adjusted EBITDA ($15.5M) and free cash flow profitability, closing the year with $640.1M cash. Planet Labs ( PL ) ended the year with a backlog of $900M, up 79% from the previous year. The firm is increasingly leaning on AI and strategic partnerships to enhance its capabilities. Earlier this week, it announced a collaboration with Nvidia to build a GPU-native AI engine to transform how satellite imagery is processed, enhanced, and analyzed. “Planet had a transformational year driven by strong momentum in satellite services, including most recently with Sweden, as well as launching 40 satellites, and inking an R&D partnership with Google to explore data centers in space,” said Will Marshall, Planet’s co-founder, chief executive officer, and chairperson. “We delivered record revenue, with Q4 growing 41% year-on-year, and ended the year with $900 million of backlog, representing 79% growth year-on-year. With this excellent backlog as well as our healthy pipeline, we project strong growth for this year and beyond.” However, net loss widened to $152.5M from $35.2M in the fourth quarter of 2025, mainly due to a $122.6M revaluation loss from the change in fair value of warrant liabilities related to stock price appreciation during the period. Looking ahead, the company expects revenue to be in the range of around $415M to $440M (vs. $385.68M consensus) and adjusted EBITDA profit of approximately $0 - $10M for the full fiscal year 2027. Shares of the company jumped about 20% premarket to $32.34, adding to a remarkable rally that has seen the stock climb more than 500% over the past year. More on Planet Labs Planet Labs PBC 2026 Q4 - Re...

格隆汇3月20日｜德福科技(301511.SZ)公告称，公司拟以现金1.02亿元收购安徽慧儒科技有限公司35.15%股权，并与深圳慧儒共同向慧儒科技增资，其中德福科技增资8405.55万元。本次交易完成后，德福科技将合计持有慧儒科技51.16%股权，慧儒科技将成为公司控股子公司。本次收购及增资事项不构成关联交易和重大资产重组，已获董事会审议通过，无需提交股东大会审议。

3月20日，商务部副部长兼国际贸易谈判副代表凌激会见丹麦诺和诺德（NVO）公司执行副总裁林意明，双方围绕企业在华经营情况、中国开放发展机遇等议题进行交流。凌激表示，近年来，中国科技创新能力快速提升，医药健康产业规模不断扩大。中国以新质生产力推动经济高质量发展，已成为全球创新策源地。希望诺和诺德（NVO）持续深耕中国市场，为建设健康中国作出贡献。林意明表示，诺和诺德（NVO）看好中国巨大的市场潜力，高度赞赏中国政府持续优化营商环境、加强知识产权保护（885791）等方面的积极举措，愿进一步加大对华投入，扩大本地化生产和研发，助力中国医药（600056）健康产业蓬勃发展。(商务部)

2025年，字节跳动带着“豆包手机助手”强势杀入智能终端赛道，试图通过与中兴的授权合作，将豆包打造为智能手机的“大脑”与“灵魂”。 彼时，市场对这一战略充满期待，急需AI赋能的腰部厂商更是被外界视为豆包最理想的潜在盟友，业界纷纷看好这种“软硬结盟”的突围模式。 然而短短3个月后，曾抛出橄榄枝的魅族就因AI浪潮推高存储芯片价格、供应链成本暴涨的重压，不得不宣布暂停更新。 这不是孤例。早在手机行业早已边缘化的品牌华硕亦在今年宣布不再推出新机，将精力集中在PC和AI设备上。 腰部选手自顾不暇，而小米、华为、荣耀等头部主机厂则全力押注自研AI大模型，死守自身的软硬件护城河，注定难以将手机的“灵魂”交给豆包。 雪上加霜的是，OpenClaw的爆火重塑了整个行业的防御，各大科技巨头纷纷推出移动端的OpenClaw，这种无需深度绑定硬件的开源模式直接对字节的路线形成了降维打击。 当潜在的硬件盟友在涨价寒潮中接连倒下，而头部大厂与竞争对手又借开源框架迅速筑起高墙，字节跳动这套“只做生态、不碰硬件制造”的逻辑正在商业博弈中面临严峻的挑战： 留给豆包手机的盟友，真的不多了。 行业之冬 2025年12月，由字节跳动与中兴努比亚联合打造的豆包手机（M153）一经面世，便受到广泛关注。 作为首款主打AI全自动操控的终端产品，豆包手机被业界视为行业从智能交互走向AI自主执行的重要里程碑。 首批库存短时间内被一抢而空，二手平台甚至出现了大幅溢价与按日租赁体验的热潮。 狂欢之下，彼时市场的目光迅速转向了下一个悬念：继中兴之后，谁会成为豆包的合作伙伴？ 一时间，传音、联想、魅族等手机厂商纷纷被列入潜在的合作名单。 去年12月，全天候科技曾就此向魅族求证二者合作的可能性，一位内部人士透露：“双方正在接触当中。” 然而，这场被外界寄予厚望的“软硬联姻”，却未能敌过现实的严冬。 受AI服务器算力需求爆发等因素的影响，存储芯片价格暴涨。 今年2月财报会上，联想集团董事长杨元庆坦言，上季度存储价格涨幅已达40%至50%，本季度涨幅“可能要翻番”，且涨价趋势已蔓延至更多核心部件。 曾经积极接洽的魅族最终未能挺过洗牌，与华硕一道黯然宣布暂停相关手机业务更新。 与此同时，realme也宣告结束独立运营，全面回归OPPO集团，这亦被视为抵御供应链涨价的失控风险之举。 传音的日子也不好过。2025年收入同比微减4.5%...

Palo Alto Networks PANW and Okta Inc. OKTA are both U.S.-based cybersecurity companies that specialize in protecting enterprises from evolving digital threats. While PANW focuses broadly on next-gen firewalls, cloud security and AI-driven threat detection, OKTA focuses on identity and access management, providing cloud-based solutions that help businesses safeguard user data. Palo Alto Networks and Okta are capitalizing on the rapid improvement of the cybersecurity space, fueled by the rise of complex attacks, including credential theft and abuse, remote desktop protocol attacks and social engineering-based initial access. Per a Mordor Intelligence report, the cybersecurity market is projected to witness a CAGR of 12.28% from 2026 to 2031. With this strong industry growth forecast, the question remains: Which stock has more upside potential? Let’s break down their fundamentals, growth prospects, market challenges and valuation to determine which offers a more compelling investment case. The Case for PANW Stock Palo Alto Networks remains a cybersecurity leader, offering solutions for network security, cloud security and endpoint solutions for customers who need full enterprise security support. Its next-generation firewalls and advanced threat detection technologies are widely recognized and adopted globally. Palo Alto Networks’ wide range of innovative products, strong customer base and growing opportunities in areas like Zero Trust, Secure Access Service Edge (SASE) and private 5G security continue to support its long-term growth potential. For example, in the second quarter of fiscal 2026, SASE was Palo Alto Networks’ fastest-growing segment, with SASE Annual recurring revenues (ARR) increasing 40% year over year. Growth is mainly coming from customers who want to reduce the number of security tools they use. Many organizations are moving away from older SASE products that do not provide a full view of their networks, cloud workloads and remote users. A notable ex...