CHINA SETS CARBON PEAKING ACTION PLAN, TARGETING 2030 CARBON INTENSITY CUT OF 65%+ VS 2005 AND NON-FOSSIL ENERGY SHARE OF 25%

Domestic News: 1. The General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on improving energy conservation and carbon reduction work at a higher level and with higher quality. 2. Panamanian customs recently strengthened its screening of people entering the country holding Chinese passports; the Chinese Embassy issued a reminder. 3. It is reported that Tencent and Alibaba are in talks to invest in DeepSeek, with a potential valuation exceeding $20 billion. 4. Shanghai's GDP is projected to grow by 5.9% year-on-year in the first quarter of 2026, and Shenzhen's GDP is projected to grow by 5.8% year-on-year. 5. It is understood that several trust companies have recently received the "Interim Measures for the Management of Asset Servicing Trusts (Draft for Comments)" issued by regulators. International News: 1. The EU is considering abandoning its opposition to new oil and gas drilling in the Arctic. 2. Tesla's Q1 revenue slightly missed expectations, but free cash flow and gross margin exceeded expectations. 3. Fifteen minutes before Trump announced an extension of the ceasefire, traders placed $430 million bets on falling oil prices. 4. Iran Situation— ① White House: Trump did not set a deadline for extending the ceasefire with Iran, and the claim that Iran had 3 to 5 days to respond is untrue. Trump believes that Iran's seizure of ships does not violate the ceasefire. ② Trump: There is currently "no timetable" for ending the conflict with Iran, and there is no need to rush. ③ Pakistani officials: Received positive signals from Iran willing to resume face-to-face negotiations. ④ US Department of Defense: Clearing mines from the Strait of Hormuz will take six months. ⑤ Trump says a new round of US-Iran peace talks may resume as early as Friday. ⑥ Iranian media: Iran has not yet decided to hold negotiations on Friday; Trump has lied again. ⑦ Lebanon will request a one-month extension of the ceasefire in talks with Israel. ⑧ Shipping and security sources: The US military intercepted at least three Iranian oil tankers in Asian waters.

Citigroup raised its price target for Texas Instruments (TXN.O) from $235 to $280.