Business Leaders Join Trump in China; SpaceX and Google Discuss Collaboration; Upcoming Votes Confirmed.

Business Leaders Accompany Trump on China Visit

According to CCTV, the White House has announced that 16 American business leaders will accompany Trump on his visit to China. These representatives come from various sectors including technology, finance, aviation, and agriculture.

Key Representatives

In the technology sector, notable figures include:

• Elon Musk, CEO of Tesla
• Tim Cook, CEO of Apple
• Executives from Qualcomm and Micron

In finance, leaders from major Wall Street firms such as Citigroup, Goldman Sachs, and Blackstone will be present. Boeing and Cargill represent the aviation and agriculture sectors, respectively.

Federal Reserve Updates

The U.S. Senate confirmed Walsh as a Federal Reserve Governor, paving the way for him to potentially succeed Powell as Fed Chair. The Senate is expected to complete the voting process for Walsh's four-year term as Chair by Wednesday.

Iran-U.S. Negotiations

Iran has communicated five preconditions for negotiations with the U.S., including ending hostilities and unfreezing Iranian assets. Trump stated he is not in a hurry to resolve the conflict and will consider a ceasefire during his flight to China.

Inflation and Market Reactions

April's CPI inflation in the U.S. exceeded expectations, dampening hopes for interest rate cuts by the Federal Reserve this year. Analysts suggest that traders are increasingly leaning towards the possibility that the Fed may not cut rates at all this year.

Trade Tariffs

The U.S. Court of Appeals has temporarily upheld the 10% global tariff imposed by Trump, allowing it to remain in effect during the appeal process.

Anthropic's Funding Round

Anthropic is reportedly seeking to raise at least $30 billion at a pre-money valuation exceeding $900 billion, as it aims to expand its AI capabilities.

Semiconductor Price Surge

Recent customs data from South Korea revealed a significant monthly increase in storage prices, with SSD prices soaring by 63% and HBM prices rising by 19%. This reflects a structural supply-demand imbalance driven by AI demand.

Stock Market Performance

On Tuesday, U.S. stock indices showed mixed results amid rising inflation and geopolitical tensions. The Dow Jones increased by 0.11%, while the Nasdaq fell by 0.71%.

Notable Stock Movements

• Tesla: -2.6%
• Google A: -0.33%
• Microsoft: -1.18%
• Amazon: -1.18%
• Nvidia: +0.61% (new high)
• Meta: +0.69%
• Apple: +0.72%

Google and SpaceX Collaboration

Google is reportedly in talks with SpaceX regarding a rocket launch agreement to support its "orbital data center" initiative.

eBay Rejects GameStop's Acquisition Proposal

eBay has firmly rejected GameStop's acquisition proposal, citing concerns over the deal's credibility and funding sources.

Earnings Reports

Oklo reported a net loss of $33.07 million for Q1 2026, while Hims & Hers Health saw a 14% drop in stock price due to disappointing earnings.

Upcoming IPOs and Market Adjustments

Cerebras Systems is expected to set its IPO price above $160, while MSCI announced the inclusion of 22 new stocks in its China index.

Tencent's Acquisition Approval

Tencent's acquisition of a stake in Himalaya has been conditionally approved by the market regulator, emphasizing fair competition in the online audio market.

Pop Mart's Revenue Growth

Pop Mart reported a revenue increase of 75% to 80% in Q1 2026, with significant growth in its online channels.

Samsung Labor Negotiations

Samsung Electronics faces potential strikes as labor negotiations have broken down, affecting production in AI and chip sectors.

Alibaba Cloud's AI Revenue Forecast

Citi predicts that Alibaba Cloud's AI-related revenue will grow at a CAGR of 90% over the next five years, positioning it as a leading investment in China's AI sector.