JHVEPhoto/iStock Editorial via Getty Images Pfizer ( PFE ) announced on Wednesday that the European Commission granted marketing authorization to expand the label of its hemophilia therapy, Hympavzi, to treat adolescents with the rare bleeding disorder. Accordingly, the once-weekly injectable will be indicated in all 27 EU member states, as well as in Iceland, Liechtenstein, and Norway, for hemophilia A or B patients aged 12 years and older with certain inhibitory antibodies. Approximately 20% of patients with hemophilia A and 3% with hemophilia B inhibitors are unable to continue factor replacement therapies as they develop inhibitors to clotting factors FVIII and FIX, respectively, that make factor replacement therapies ineffective. Earlier this year, the FDA granted priority review for Pfizer’s ( PFE ) marketing application aimed at expanding the Hympavzi label in the U.S. for hemophilia A or B patients six years and older with inhibitors and children aged six – 11 with hemophilia A or B without inhibitors. A final decision on approving the supplemental biologics license application is expected in Q2 2026. More on Pfizer Pfizer: Don't Pass On This Dirt-Cheap Buying Opportunity Pfizer Inc. (PFE) Q1 2026 Earnings Call Transcript Pfizer Q1 Earnings Review: Stuck In Second Gear, But Dividend Helps FDA Commissioner Makary dismissed due to 'some difficulty,' Trump says Pfizer, Arvinas ink licensing deal with Rigel for breast cancer therapy

10万亿元上市银行迎来新任副行长！ 5月11日，中信银行（601998.SH）发布公告称，近日收到金融监管总局批复，赵元新正式获核准担任该行副行长，其已于5月7日正式就任。 在此前的3月20日，中信银行召开董事会会议，同意聘任赵元新为该行副行长。如今，其任职资格被正式核准，代表着中信银行的副行长人数由5名增至6名。 值得注意的是，去年12月末，中信银行时任行长芦苇因工作调整，辞去该行所有职务。芦苇离任后，该行行长一职一直空缺，由该行董事长方合英暂时代理行长职责。而方合英出生于1966年6月，即将年满60岁。这意味着，或许中信银行在不久后将面临更深层次的人事调整。 对于人事变动的相关事宜，时代周报记者联系了中信银行，截至发稿暂未收到回复。 行长一职空缺近半年 中信银行上一任行长芦苇因工作调整辞去职务后，该行行长一职已空缺近半年。 纵观中信银行历年来行长经历，早年间行长人选多为中信集团调任。2004年，陈小宪加入中信银行，并出任行长一职。之前，他曾任中信集团常务董事兼副总经理。2012年，朱小黄接棒陈小宪担任中信集团副总经理，中信银行行长也由陈小宪换为朱小黄。2014年，中信集团副总经理、中信银行行长同步换为李庆萍。 2016年，时任行长李庆萍升任中信银行董事长，打破了此前一贯中信集团董事长兼任银行董事长的传统。行长一职也由中信集团副总经理兼任改为内部晋升。当年，任职3年多的副行长孙德顺担任中信银行行长。 2019年，方合英出任行长。此前，他已在中信银行任职超20年，历任副行长兼财务总监、党委副书记。2023年，方合英升任董事长一职，中信银行行长由刘成担任。刘成于2018年4月至2021年11月任该行监事长，2022年1月至2023年8月任常务副行长。2025年，中信银行老将芦苇接棒刘成，出任行长一职。 有业内人士告诉时代周报记者，结合中信银行用人惯例、金融监管干部选拔逻辑等，下一任行长人选来自内部提拔概率较高。 此次出任副行长的赵元新属于内部提拔。其出生于1974年2月，拥有29年银行业从业经验，湖南财经学院经济学学士，在中信银行多个分行有过任职经历。 具体来看，2005年7月至2014年8月历任苏州分行行长助理、党委委员、副行长，南昌分行党委书记、行长；2014年8月至2025年11月历任南昌分行、苏州分行、上海分行党委书记、行长；2025年11月起任总行授信执行部...

5月13日，英国政府在公布的新一届议会立法优先事项文件中明确提出，将通过制定《加强金融服务法案》（Enhancing Financial Services Bill），对现行的银行“零售业务隔离”（Ring-fencing）制度进行关键性改革。此举旨在优化金融监管环境，释放更多资金支持英国企业发展，特别是改善中小企业的融资准入。 英国财政部在文件中指出，通过对隔离制度的针对性修订，将有效提升中小企业贷款市场的竞争性，帮助其更便捷地获得融资支持。英国财政大臣蕾切尔·里夫斯（Rachel Reeves）此前曾多次承诺，将对该制度实施“实质性”改革，作为政府削减行政束缚、推动经济增长的核心举措之一。 责任编辑：龙运翔

汇丰控股 的Max Kettner表示，英国充满纷争的政治局势正令投资者对在英债市场进行长期押注保持谨慎。 这位汇丰首席多资产策略师在接受电台采访时表示：“我想买，因为从表面上看，长期债券收益率显然很有吸引力。” 但他表示，由于围绕英国首相基尔·斯塔默领导地位可能受到挑战的担忧令市场波动维持高位，“现在，英债只适合做半小时交易”。 本周，政治风险主导英国债券交易。市场猜测，在工党地方选举失利后，如果斯塔默被替换，接任者可能放松财政规则。英国媒体报道称，英国卫生大臣韦斯·斯特里廷已告诉盟友，他准备辞职，并最快于明天触发党魁之争。 与此同时，通胀忧虑仍是市场关注焦点，因霍尔木兹海峡仍处于关闭状态，油价也仍高于每桶100美元。 在10年期国债收益率两日飙升近20个基点后，英债周三抹去了此前微弱的反弹，基本持平。30年期国债收益率上涨1个基点，至5.77%，接近近三十年来最高水平。 RBC Wealth Management固定收益主管Rufaro Chiriseri认为，收益率不太可能从当前水平大幅回落，预计到年底10年期收益率将报5%，而目前为5.08%。 她表示，市场构成的变化以及养老基金需求下滑，导致市场极易出现波动。 她说：“市场中的噪音还会持续增加。” 责任编辑：江学思

10am: Stocks open lower New York's main stock indexes have opened mostly lower, with the Dow Jones dropping 0.4% and the S&P 500 slipping 0.1%. The tech-powered Nasdaq Composite started higher but has gone jsut below flat. Dragging on the Dow are falls for IBM, Salesforce and Home...

格隆汇5月13日｜贝特利创业板IPO提交注册。

(RTTNews) - Notably higher Nasdaq futures points to a firm start for tech stocks on Wall Street on Wednesday. The U.S. stock market is seen opening on a mixed note on Wednesday. Tech stocks are likely to move higher, rebounding from previous session's decline.

格隆汇5月13日｜周大福(1929.HK)董事会宣布，于2026年5月13日，卖方与买方及目标公司订立股权转让协议，据此，卖方已有条件同意出售，而买方已有条件同意购买目标公司100%股权，总代价约为人民币16.1亿元；及目标公司同意于完成日期后三十个营业日内偿还股东贷款。预期本集团将于截至2026年6月30日止财政年度就该交易录得亏损约人民币8,000万元。目标公司主要从事位于湖南省的长沙-浏阳高速公路的营运，该高速公路为连接中国长沙与浏阳的双向车道高速公路。

财联社5月13日讯（记者 卢阿峰） 博腾股份 （300363.SZ）筹划多年的欧洲研发生产基地项目突遭变数。公司今日下午发布公告称，其全资子公司PSI近日收到诺华（Novartis）发出的单方解除一揽子协议的书面通知。诺华不仅要求博腾在90天内搬离园区、交还场地及租赁物，更主张由于PSI暂停生产车间建设已构成实质性违约，将保留对PSI合计约5,470万欧元（预计金额）的服务费及损失赔偿金的索赔权。 此次合作“搁浅”源于双方对生产车间报批手续合规性及建设进度的严重分歧。博腾股份明确表示不认可诺华的违约主张，公司将积极与Novartis保持沟通交流、磋商谈判，并将视情况采取司法等手段全力维护自身合法权益的权利。 另外，博腾股份预警若事项未能按预期推进，公司将面临资产计提减值及潜在履约风险，预计将对2026年度财务状况及经营业绩构成重大不利影响。 “合规”引发的逐客令 诺华强硬解约背后的分歧重重 博腾股份在斯洛文尼亚的布局最早可追溯至2022年8月。彼时，公司审议通过由全资子公司PSI租赁诺华位于斯洛文尼亚Mengeš基地的场地，建设研发生产基地，专注于临床前至药品上市全生命周期所需的GMP中间体及原料药生产工艺开发。根据双方签署的一揽子协议，诺华及其指定方需为PSI的场地建设及报批手续提供服务。 该项目曾一度按计划推进：2024年5月，PSI完成了B31研发设施的装修并投入运营；2025年12月，B30生产车间的厂房工程也完成了封顶工作。 然而，转折点出现在车间建设过程中的合规性审查上。公告显示，就在2025年12月B30生产车间刚刚完成封顶后，博腾发现该车间的前期报批等手续可能存在合规性问题，这可能导致其无法按预期用途使用。 作为报批手续的服务提供方，诺华在随后的沟通协商中与博腾产生了重大争议与分歧。基于谨慎性原则，博腾选择暂缓B30项目的投资及建设进度，而这一避险举动却被诺华定性为“实质性违约”。 诺华此次采取的解除协议手段颇为强硬：不仅要求即刻终止协议，还限定PSI在通知发出之日起不超过90天内搬出园区并完成物业交接。更令市场关注的是，诺华主张的5470万欧元（折合人民币约4.3亿元）索赔权，让这场原本被视为CDMO出海标杆的项目陷入了巨额纠纷。 “公司不认可诺华的上述主张。”博腾股份在公告中态度鲜明地表示，对诺华单方解约的行为表示遗憾，并将视情况采取司法手段全力...

The authority managing Hong Kong International Airport has taken over the retail and entertainment operations of 11 Skies from New World Development ahead of the opening of the second passenger terminal, the South China Morning Post has learned. Multiple sources said the Airport Authority had assumed control of key components of the 2.66 million sq ft retail and dining space, representing 70 per cent of the entire project. But it remains unclear if the authority has also taken over the rest of...

CoreWeave首席执行官迈克尔·因特拉托。图片来源：GUERIN BLASK FOR FORBES AI芯片初创公司Cerebras即将IPO之际，一场围绕OpenAI的特殊交易浮出水面。OpenAI仅凭“承诺购买算力服务”，即以每股0.00001美元的地板价认购Cerebras最多3344万股（近3%股权），未来持股比例可升至11%。按Cerebras 480亿美元估值计算，这部分股权价值超40亿美元，而OpenAI付出的只是未来采购承诺。 这并非孤例。此前OpenAI以同样手法零成本获取CoreWeave价值3.5亿美元的股权（条件是2030年前最多购买119亿美元云服务）。如今CoreWeave股价已翻3倍，OpenAI坐享增值红利。 对OpenAI而言，此举一举三得：零现金获取巨额股权、多元化算力供应摆脱对英伟达与微软的依赖、巩固AI生态核心地位。 这种“未来承诺换当下股权”的模式，形成完美的资本闭环：Cerebras IPO募资超50亿美元，恰好覆盖向OpenAI提供算力的成本。但风险同样显著，一旦Open AI无法兑现承诺，高度依赖其订单的企业将面临营收崩塌。这场“空手套白狼”的资本游戏，是否正重新定义AI行业的新庞氏骗局？ 过去一年，OpenAI首席执行官山姆·阿尔特曼（Sam Altman）不断宣扬市场对AI算力的需求永无止境。在此过程中，OpenAI也签下一系列合作协议，让硅谷相当一部分AI产业建设进程与自身发展深度绑定。 英伟达、甲骨文、软银等行业巨头均与这家开发了ChatGPT的公司签订基础设施合作合约，但有一家企业为此承担了远高于同行的风险，它就是市值约600亿美元的AI云服务商CoreWeave。 01 《华尔街日报》4月28日报道称，OpenAI营收与用户增速均未达内部预期，并援引消息表示，公司首席财务官萨拉·弗莱尔（Sarah Friar）担心OpenAI可能无力支付未来的算力合约款项。即便这一说法只是大致属实，也会对CoreWeave造成最重大的冲击。OpenAI是其核心大客户之一，而CoreWeave已借入超400亿美元高息债务购置图形处理器（GPU）、建设数据中心。至少在公开表态中，CoreWeave认为只要AI算力需求持续供不应求，公司就能平稳渡过行业波动。 CoreWeave发言人列出了Meta、Anthropic、微软、...

近日，公牛集团迎来了上市以来首次营收利润双降的“财务成绩单”。 根据财报，2025年公司实现营收160.26亿元，同比-4.78%；归母净利润40.71亿元，同比-4.72%；扣非后归母净利为36.25亿元，同比-3.13%。传统主业和新业务都没有出现较优质的增长，被认为是其业绩下滑的主要原因。 一直困扰公牛的成长性问题，仍未解决。对公司传统主业面临的增长困境，公牛集团内部人士表示，公司业务自身具有相对稳健性，营收利润下滑确实是有大环境需求因素的影响，跟消费、地产、装修都有联系，在需求相对较弱的状态下，确实对经营带来更大挑战和困难。 实际上，公牛集团近年来一直谋求开辟新能源等新市场，但其营收占比一直较低，且新能源业务增速暴跌，从2024年的104%跌至2025年的5.71%。 虽然业绩疲软，但董事长阮立平的薪酬相比2024年还有微增，涨薪幅度达2%。此外，在2025年第四季度，副董事长阮学平（阮立平的弟弟）进行了大幅减持，一共减持了3617万股，减持公牛集团的股权比例为2%，一共套现高达14.56亿元。 传统主业面临双重困境 电连接、智能电工照明、新能源是公牛集团的三大业务，也是业绩的晴雨表。2025年财报数据显示，公牛的电连接产品、智能电工照明产品虽然毛利率微增，但营收分别同比下降7.9%、2.8%，而新能源产品也因营业成本大增14.24%，导致毛利率减少了5.26个百分点。 2025年年报中主营业务部分财务数据 分析人士认为，公牛的传统优势业务正面临双重困境。 一方面，公牛的电连接与智能电工照明业务，是典型的房地产后周期行业。国内房地产的低迷态势，直接抑制了新房装修和翻新需求，对公司的墙壁开关、断路器、LED照明等核心产品销售造成了直接冲击。在此背景下，公牛的智能电工照明业务全年实现收入80.98亿元，同比下降2.8%，电连接业务收入70.77亿元，同比下降7.9%。另一方面，民用电工与照明市场已进入存量博弈阶段，面临着来自传统对手和新入局者的“围剿”。 公牛的“插座一哥”地位，已经频频被挑战——此前，公牛和同行因为一句广告语而互相发起的诉讼，该案仍在审理中。 事因几个月前，中山市家的电器有限公司多个销售人员在社交平台发布视频，称公牛集团长期使用的宣传语——“10户中国家庭，7户用公牛”，存在误导性宣传。公牛集团因此起诉家的电器，索赔420万元。家的电器也提起独...

摘要：利润一路涨，用户却在跑。腾讯音乐2026 年一季报依旧赚钱，却悄悄藏起了季度用户数据。被汽水音乐、番茄音乐疯狂追赶，AI 更是直接掀翻它的版权老底。这份漂亮的财报背后，一个靠变现撑着的在线音乐巨头，还能走多远？ 《风眼观察》出品 用户不涨了，要榨更多人掏钱 5月12日晚间，腾讯音乐公布了2026财年一季报：营收79亿元，同比增长7.3%；调整后净利润23.3亿元，同比增长4.8%。 表面上，这是一份稳健增长的财报，收入和利润双增，结构看起来也不错。 但如果把增长拆开来看，这份财报的底色，其实不是扩张，而是对存量用户的强化变现。 一季度，音乐相关服务收入达到65.1亿元，同比增长12.2%，成为核心拉动项。其中：会员收入45.7亿元，同比增长仅6.6%；非会员收入19.4亿元，却暴增28.0%。 这意味着什么？ 意味着腾讯音乐的增长，已经不再依赖“新增用户”，而是转向通过广告、数字专辑、虚拟权益、互动消费等各种形式，对既有用户进行多层次变现。 换句话说，用户没有明显变多，但每一个用户被“开发”的深度在提升。 再看付费端。一季度总付费用户为1.38亿，付费率20.5%，表面仍在提升。但更关键的是结构变化——SVIP用户突破2000万，成为会员收入的重要支撑。 这背后其实是一个非常清晰的策略转向： 从“让更多人付费”，转向“让已经付费的人付更多钱”。 而这套逻辑，在互联网行业也并不新鲜。从游戏到短视频，再到直播平台，几乎都是同一条路径：先做大免费用户池，再推动基础付费渗透，最后通过分层产品，榨取高ARPU（每位用户平均收入）人群。 腾讯音乐现在已经走到了第三阶段。问题在于，增长的质量和可持续性，是两回事。 当增长来自用户规模扩张时，市场会给予空间溢价；但当增长主要来自提价、加层、加广告、加付费点时，本质上就是另一种叙事—— 不是在做大蛋糕，而是在重新切蛋糕。 一季报出来后，纵使有监管同意收购喜马拉雅这样的利好顶着，市场的反应依旧是，腾讯音乐美股收盘下跌1.31%，港股也在今日开盘后一度跌超4%。 一季报后，腾讯音乐美股港股相继下跌，图｜源自Wind 用户流失：一切问题的起点 拨开数字的迷雾，真正的问题不是赚不赚钱，而是，人正在离开。 据QuestMobile数据，腾讯音乐的月活用户，已经从2023年的5.92亿，下降至2026年一季度的5.28亿。两年时间，用户流失...

MoMo Productions/DigitalVision via Getty Images FIGS ( FIGS ) put up another good quarter. The stock has been on a tear up 160% in the last 12 months, but for good reason. With the Q1 results that were released on May 8 , revenue growth accelerated sharply, active customers have been growing, and margins have been expanding despite freight and tariff pressures. This latest quarter for Q1'26, FIGS raised full-year guidance across both revenue and EBITDA. After spending the better part of two years improving the brand and rebuilding momentum, the company is beginning to show signs that the reset is working. For me though, I think the issue is less about how much more room the business has to improve versus how much of the improvement is already priced into the stock. A look at Q1'26 results FIGS came in with a strong quarter with a beat on both the top and bottom line. For Q1, revenue clocked in at $159.9 million which was up 28% compared to last year and well above management's own guidance for growth in the low-20% range and $6.8 million above sellside estimates. Overall, the beat was broad-based. Scrubwear revenue grew 27% to $126.6 million and non-scrubwear grew 31% to $33.3 million, indicating that brand extension beyond the company's core product is doing well. Seeking Alpha Investor Presentation In terms of the geographical revenue breakdown, US revenue was 24% higher than last year with International climbing 50%. Total U.S. active customers surpassed 3 million and was up 12% from last year with the international base seeing early progress in community hub retail locations. Finally, the TTM revenue per active customer rose 6% to $220, which tells you existing customers are buying more frequently and in larger quantities than they were at the trough. On the bottom line, margins held steady with gross margins up 10bps to 67.7% in the quarter, though I think this result is impressive given that the quarter absorbed unplanned fuel surcharges related to the Hormuz ...

格隆汇5月13日｜乌克兰罗夫诺州州长表示，俄军袭击造成该地区两人死亡、四人受伤。

Nvidia vs. AMD: The Better AI Chip Stock for 2026 The Globe and Mail

格隆汇5月13日｜中国贸促会新闻发言人表示，中国贸促会欢迎美国工商界代表来华访问。中美务实合作空间广阔、潜力巨大。期待在两国元首的战略引领下，中美工商界进一步深化交流合作，为中美关系稳定、健康、可持续发展作出新贡献。同时也欢迎更多美国企业来京参加即将于6月22日开幕的第四届链博会，共同维护全球产供链的稳定畅通。

One of Britain’s biggest debt collectors pursues individuals for money it knows they may not owe, whistleblowers have claimed.

borealisgallery/iStock Editorial via Getty Images Take-Two Interactive ( TTWO ) is due to report its Q4 ’26 numbers on the 21st of May, so I wanted to go through what to expect and what everyone else and I will be looking out for from the management. What to Expect Analysts are expecting TTWO to make around 56 cents in adjusted EPS and ($0.51) in GAAP loss for the quarter, on a $1.55B in revenues. That is essentially flat compared to the same quarter last year in terms of revenues, and a lot better in terms of adjusted EPS and GAAP EPS, because the company had a massive goodwill impairment charge last year related to its prior acquisitions that didn’t perform as well as hoped, which brought down its loss on paper to $21.08 per share. In contrast, its adjusted EPS was 1 cent. Let’s see how these expectations stack up against what management has guided for the previous quarter. The management said that Q4 net bookings will be in the range of $1.51B-$1.56B, or $1.535B at the midpoint, which is a little lower than what analysts are expecting, but I would say it is generally in line with expectations. In the last ten quarters, TTWO only missed twice on revenue estimates, and three times on EPS estimates, and those misses were quite a while back. Seeking Alpha The only way the company could miss again is if consumer spending weakens dramatically, for instance, we are going to see much lower GTA Online or NBA 2K live service purchases, reducing net bookings and revenues, timing shifts, or surprise one-time charges. Those are the scenarios I think of, and to be honest, I’m not sure what is going to happen. Analysts are expecting more net bookings than the company’s midpoint, which could signal we may see a miss. Overall, nothing is exciting regarding the upcoming quarter, because it just seems like another quarter that the company needs to get through until the big bucks start rolling in from the biggest launch of, and I’m not exaggerating, the century. What I’m looking for...

porcorex/iStock via Getty Images The lack of progress in reopening the Strait of Hormuz has not prevented oil prices from stabilizing or risk appetites improving today. Equities and bonds are trading with a firmer bias. The Trump-Xi meeting tomorrow is a key talking point today. Ahead of it, the PBOC set the dollar’s reference rate at a new three-year low. US Treasury Secretary Bessent was in Tokyo earlier this week, and today, Japan reported a record current account surplus, flattered by its largest trade surplus in five years. The dollar, which is firmer against most G10 currencies, is hovering near JPY158, where the BOJ is thought to have intervened a week ago. Although economic theory puts emphasis on interest rate differentials, we find that the dollar is frequently sensitive to the direction of US interest rates. And the market is continuing to move against a Fed cut this year. The futures market appears to be discounting about a 35% chance of a hike this year. It was still pricing in a chance of a cut at the end of last month. In addition, the momentum indicators continue to favor an upside break for the greenback out of the recent consolidation. Prices G10 • The euro fell from the upper end of its recent range, near $1.18 on Monday, to the lower end of the recent range slightly below $1.1725 yesterday and frayed $1.17 in the European morning today. It remains within the range recorded in the middle of last week (~$1.1690-$1.1800). Options for 1 bln euros at $1.17 expire today and another 1.6 bln euros tomorrow. The intraday day momentum indicators were oversold ahead of the North American open. Initial resistance is seen in the $1.1720-30 area. • Despite US Treasury Secretary Bessent and Japanese officials showing a solid front, the lack of US comments around recent intervention is in stark contrast with the type of verbal intervention in January. The yen lost a little more than 0.25% yesterday as the greenback reached JPY157.75, a four-day high. The gains h...

格隆汇5月13日｜阿里巴巴CEO：代理工作量激增显著提升了对基于CPU存储和容器的传统云产品的需求。

Displaced teenagers Farah and Tala wanted to 'turn destruction into something useful'.

格隆汇5月13日｜阿里巴巴CEO：平头哥自研的GPU芯片已实现大规模生产，超过60%的计算能力已服务于外部客户。

ablokhin/iStock Editorial via Getty Images The Shiller P/E ratio is hitting new multi-decade high. Data by YCharts At ~40x, the current Shiller P/E reading is not too far from the dot-com bubble era peak of 44x. In this analysis, I want to rationally look at the Shiller P/E ratio and understand if it is worth it for long-term investors to take action today to mitigate the risk of lower future returns based on what this popular metric signals. What the Shiller P/E Ratio Really Is? If we look at the S&P 500 P/E ratio, it tends to be volatile depending on what happens with stock prices and earnings. At times of very high earnings, the one-year P/E ratio may look low and point to "undervaluation". At times of deep economic recessions with low earnings, the P/E ratio may look misleadingly high and point to overvaluation, like it did during the COVID-19 recession. S&P 500 TTM P/E Ratio (Stockcharts) Enter the Shiller P/E ratio, also known as the cyclically adjusted price-to-earnings, or CAPE ratio (I will use the CAPE ratio from now on). The CAPE ratio averages the last 10 years of earnings adjusted for inflation. Why 10 years? There is hardly an explanation with a sound theoretical underpinning. The likely choice of 10 years is that it allows covering at least one or maybe two business cycles. While the S&P 500 P/E ratio tells what investors are paying for last year's earnings, the CAPE ratio points to the price for the last 10-year average real earnings. The CAPE ratio has faced a lot of criticism. One centers around changes in accounting standards. The US accounting policies have become more conservative over the years. For instance, once goodwill becomes impaired during recessions, impairment losses must be booked with no reversals even if business improves. The same goes for research and development expenses that companies cannot capitalize, especially in the technology sector. As tech companies' weight increased in the S&P 500, there is an argument to make that repo...

Welcome to our guide to the commodities driving the global economy. Today, reporter Will Wade examines the emerging demand for next-generation nuclear power. The reactors still haven’t been built and there’s just a trickle of the fuel that they’ll need, but the next generation of nuclear power in the US is still attracting deeper involvement from Big Tech. The concept of small and medium-sized reactors may eventually deliver relatively cheap and quickly deployable power with zero emissions. That makes it an obvious fit for deep-pocketed developers of AI data centers who are looking to bypass constrained electricity grids while also being mindful of their climate goals. Already we’ve seen Meta Platforms Inc., Amazon.com Inc. and Google sign agreements to take power from proposed SMRs. Now some hyperscalers are looking to go even deeper into the nuclear supply chain. Centrus Energy Corp., a US company that provides conventional nuclear fuel to utilities, is building out a production facility in Ohio for High-Assay Low-Enriched Uranium, or HALEU, the kind of energy-dense fuel that the new generation of SMRs will need. The company’s Chief Executive Officer Amir Vexler says that in addition to talking to reactor developers, Centrus is also getting inquiries from hyperscalers. “They want surety there will be fuel for their reactors,” he said. “It’s not too soon to start thinking about when this fuel needs to be delivered.” To be sure, SMRs at a commercial scale aren’t a done deal. Despite enthusiastic backing from President Donald Trump’s administration, most still need approval from federal regulators, and they remain years away from becoming reality. Nevertheless, the outreach to Centrus is an acknowledgment that next-generation nuclear is no longer in the realm of science fiction, but is now a prospective part of the future energy mix in the US. The discussions also reveal concerns about the nascent SMR supply chain. HALEU could be hard to get in a few years, just when...

5月13日，在2026财年Q4财报分析师电话会上，阿里巴巴表示，未来几个季度，阿里云外部商业化收入将在40%的基础上继续加速。由于AI长期需求的确定性和阿里的全栈技术优势，预计云外部商业化收入将在中长期保持高速增长。 “这意味着AI正在驱动阿里云全业务升级，增长动力从传统的计算存储，全面转向模型、算力与Agent服务。”吴泳铭说。(硬AI)

Henrik Sorensen Black Rock Coffee Bar ( BRCB ) reported revenue shot up 23.7% in Q1 to $55.5M. Same-store sales were up 5.2%, and 9 new stores were added to the sales mix. Store-level profit was $16.4M in Q1, compared to $12.7M in the prior-year period. The store-level profit margin was 29.6%. Adjusted EBITDA grew 23.5% to $7.4M. GAAP EPS of $0.02 missed the consensus mark by $0.01. On the balance sheet, the company had a cash position of $20.0M at the end of the quarter, and total debt was $27.4M, consisting of $18.7M outstanding under our credit facility and $8.7M of financing obligations related to certain reverse build-to-suit lease arrangements. During the earnings conference call, the company noted that it expects to “comfortably” hit its commitment of a minimum of 10 stores in Q2 and 36 for the 2026 year. Notably, BRCB has also started evaluating new markets with potential new market entries in 2027 and 2028. "Our broad and balanced demographic profile, steady demand across dayparts and days of the week, and a coffee-led mix with growing food attachment and energy mix growth position us well to perform consistently and navigate periods of macro uncertainty. As we move through 2026, we remain focused on executing against our strategic priorities and delivering sustainable growth and long-term value creation for our shareholders," highlighted CEO Mark Davis. Shares of Black Rock Coffee Bar ( BRCB ) rose 2.2% to $11.21 in premarket action. Black Rock Coffee Bar ( BRCB ) priced its IPO on September 11, 2025, at $20 per share. The offering sold about 14.7M shares (with underwriters later exercising their option to bring total shares to 16,911,764) and raised roughly $294.1M, giving the company a post-IPO valuation of about $1.3B after a strong first-day gain. More on Black Rock Coffee Bar, Inc. Black Rock Coffee Bar, Inc. (BRCB) Q1 2026 Earnings Call Transcript Black Rock Coffee Bar: Growth Story Is Still Largely Intact Black Rock Coffee Bar, Inc. 2025 Q4 - Result...

Senate Banking's bipartisan stablecoin compromise handed Coinbase regulatory clarity while stripping out its most passive revenue stream.

格隆汇5月13日｜阿里巴巴CEO：在基础模型服务和AI原生软件的共同推动下，公司在人工智能模型及应用服务方面的收入正呈现“指数级增长”。模型服务平台的Token消耗量环比大幅增长。预计模型和应用服务年收入，包括模型工作室平台，在6月季度将超过100亿元，到年底将达到300亿元。

【导读】谷歌在Android Show I/O Edition上宣布，Android 正式从「操作系统」转型为「智能系统」。Gemini Intelligence登陆手机、手表、汽车和一个全新品类的笔记本电脑Googlebook。一场覆盖所有屏幕的AI化改造，已经开始。 安卓迎来革命性大更新了！ 今天，谷歌重磅上线 Gemini Intelligence，无缝植入全新安卓设备中。 安卓手机中的 AI，从此更加聪明、智能了。 它可以跨应用执行多步任务，比如在 Gmail 中找到课程纲，将所需书籍加入购物车。 有了 Gemini Intelligence，即可一键填写表单。 更令人惊叹的是，其对上下文理解能力。长按电源键，Gemini 即可通过屏幕视觉信息，直接动手操作—— 笔记中一份杂乱清单，直接变成配送订单； 一张随手拍下酒店宣传册，Gemini 会上网搜索同款旅行路线。 Gemini Intelligence 全部植入谷歌「硬件全家桶」中覆盖手机、手表、汽车、XR 眼镜，以及一个全新的笔记本品类。 这一次，谷歌在The Android Show: I/O Edition 2026上，抛出了一个整个谷歌押注的核心叙事—— 安卓要从操作系统变成智能系统。 谷歌想让 Android 设备替用户「跑腿办事」，让人花更少的时间盯着屏幕，把注意力还给生活本身。 这个方向并不新鲜。苹果去年推 Apple Intelligence 的时候，讲的也是类似的故事。 但谷歌这次的落地策略有一个明显不同的地方： 选择跨设备、跨形态的全面铺开，从手机到车到笔记本到眼镜，一次性把 Gemini 塞进了所有屏幕！ 但一个被大多数人忽略的事实是：谷歌自己在云端押的重注，并不是 Gemini。 就在一个月前，谷歌刚用 TPU 算力和数十亿美元投资，帮 Anthropic 的 Claude 估值冲到 1.2 万亿美元，首次反超 OpenAI。 端侧铺 Gemini，云端投 Claude——谷歌是这场 ASI 决赛中最精明的两面下注者。 Gemini Intelligence，手机上的「跑腿 Agent」 Gemini Intelligence 最核心的能力是多步骤任务自动化。 这正是 ASI 决赛的第二战场——Agent 工作流。 Claude 在 SWE-bench 上以 80.8% 断层领先，但...