Federal Reserve Chairman Kashkari: The Fed Chair must persuade other policymakers.

Domestic News: 1. The State Administration for Market Regulation conditionally approved Tencent's acquisition of Himalaya's equity. 2. Vanke A: Shenzhen Metro Group provided the company with a shareholder loan of 2.5 billion yuan, and the company signed a supplementary agreement for a 22 billion yuan shareholder loan. 3. The White House released a list of business leaders who will accompany Trump on his visit to China. A total of 16 US business representatives will come to Beijing, including Musk and Cook. 4. Reports indicate that domestic flight fuel surcharges will be raised again from May 16th, with 90 yuan for routes of 800 kilometers (inclusive) or less and 170 yuan for routes over 800 kilometers. International News: 1. Hungary's new government was officially established. 2. India raised the basic tariff on gold and silver imports from 5% to 10%. 3. A US appeals court temporarily suspended its unfavorable ruling on Trump's 10% global tariff. 4. A South Korean official stated that the statement about distributing "citizen dividends" based on AI revenue represents only the speaker's personal opinion. 5. CME will partner with Silicon Data to launch a computing power futures market, currently awaiting approval. 6. Demand rebound and supply risks have pushed LME copper prices above $14,000, nearing historical highs. 7. Indian banks voluntarily paid tariffs to resume gold and silver imports; 9 tons of gold and 34 tons of silver were cleared in May. 8. Federal Reserve – Fed's Goolsby called inflation trends "disappointing"; the US Senate confirmed Warsh as a Fed governor, with the chairman nomination vote scheduled for Wednesday; as of this morning, interest rate futures are pricing in a Fed rate hike of approximately 10 basis points by the end of the year. 9. British Prime Minister Starmer indicated his intention to remain in office to the cabinet, a strong response to pressure for his resignation; British media reported several government officials resigning. 10. The US April overall CPI annual rate was 3.8%, a new high since May 2023, with the energy index contributing more than 40% of the overall increase. 11. Russia lowered its 2026 oil production forecast by 14.2 million tons to 511 million tons, and its export forecast by 4.5 million tons to 237.2 million tons. 12. Iran Situation—① US Defense Secretary: The ceasefire agreement with Iran remains in effect; plans exist to escalate the situation with Iran if necessary. ② "Fury" may become "Hammer," with the US considering renaming it to circumvent the war authorization deadline. ③ Sources: Iraq and Pakistan have both reached agreements with Iran to transport oil and liquefied natural gas from the Gulf region. ④ Iran: The precondition for negotiations with the US is an end to the war and the lifting of the blockade of the Strait of Hormuz. ⑤ Britain will send fighter jets and warships to the multinational escort operation in the Strait of Hormuz. ⑥ Trump: The financial situation of Americans is not considered when considering the Iran agreement. ⑦ Iran: If the US takes further action, Iran may enrich its uranium to 90%.

ECB'S ELDERSON: BANKS WILL NEED TO DEAL WITH EVER MORE CAPABLE FUTURE AI MODELS THAT COULD BE RELEASED IN QUICK SUCCESSION