According to the Wall Street Journal: Sources revealed that Apple (AAPL.O) has reached an agreement with Intel (INTC.O), under which the latter will manufacture chips for Apple devices.

Iranian media Fars News: A senior Iranian lawmaker said that from now on, the US maritime blockade measures will be met with a military response from Iran.

Domestic News 1. The China Securities Regulatory Commission (CSRC) has seriously investigated and punished the financial fraud cases of Qingyue Technology and Yuandao Communication. 2. The Cyberspace Administration of China and two other departments jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents." 3. The National Energy Administration and three other departments released the "Action Plan on Promoting the Two-Way Empowerment of Artificial Intelligence and Energy." 4. Two departments held discussions with relevant departments of Inner Mongolia Autonomous Region and Hohhot City on the testing and demonstration of functional unmanned vehicles. International News 1. The UK's ruling Labour Party suffered a crushing defeat in local elections, and Starmer refused to resign as Labour leader. 2. Sources: Japan intervened in the foreign exchange market again during the early May holidays, spending over $30 billion in a single week. 3. US Data - April non-farm payrolls exceeded expectations, unemployment rate remained stable; the combined increase in non-farm payrolls for the first two months was revised down by 16,000. Consumer confidence in May hit a record low. 4. Federal Reserve - Milan: Still inclined to cut interest rates earlier. Powell should only serve as a governor briefly after stepping down as chairman. Goolsby: The jobs report looks “fairly stable.” Inflation is performing poorly and the trend is unfavorable. The Fed should always consider all options. 5. Middle East Situation: ① Iranian merchant ship attacked by US forces, 10 injured and 5 missing. ② US says it fired on two Iranian oil tankers, rendering them unable to navigate. ③ Iranian armed forces clashed sporadically with US warships in the Strait of Hormuz. ④ Satellite images show a suspected large-scale oil spill near Iran's Kharg Island. ⑤ Iranian media: Iran says it is still reviewing the US proposal to end the war. ⑥ Iranian Foreign Minister: Iran's current missile stockpile and launch capacity have increased by 20% since February 28.