Market news: Qatar has abandoned its mediation efforts in implementing the Gaza Agreement.

Federal Reserve's Collins: The Fed's inflation target covers all factors that drive prices.

Domestic News 1. US President Trump arrives in Beijing to begin his visit to China. 2. The State Administration for Market Regulation: A special campaign will be launched from May to December to remove obstacles hindering a unified market and fair competition; focusing on key areas such as the platform economy, people's livelihood, and technological innovation, various anti-unfair competition measures will be used in a coordinated manner to comprehensively rectify "involution-style" competition and promote the formation of a market order characterized by high quality and fair pricing. 3. The National Healthcare Security Administration issues the "Five-Year Action Plan for Supervision and Inspection of Medical Security Funds (2026-2030)". 4. Alibaba's Q4 revenue for fiscal year 2026 reached 243.38 billion yuan, a year-on-year increase of 3%; net profit was 25.476 billion yuan, compared to 12.382 billion yuan in the same period last year. Cloud Intelligence Group's revenue was 41.626 billion yuan, a year-on-year increase of 38%. CEO Wu Yongming predicts that in the June quarter, the annualized recurring revenue (ARR) of AI models and application services, including the Bailian MaaS platform, will exceed 10 billion yuan, and will exceed 30 billion yuan by the end of the year. 5. Tencent Holdings reported first-quarter revenue of RMB 196.46 billion, a year-on-year increase of 9.1%, exceeding the estimated RMB 199.39 billion; adjusted net profit was RMB 67.91 billion, a year-on-year increase of 11%, exceeding the estimated RMB 67.83 billion; first-quarter capital expenditures amounted to RMB 37 billion, mainly used to support AI-related investments. Tencent executives stated in the earnings call that with the gradual delivery of domestically customized ASIC chips, related investments will continue to increase throughout the year. International News 1. British media reports that the Health Secretary is preparing to resign and run for Labour Party leadership. 2. Nvidia's stock price continues to hit record highs, with a total market capitalization reaching $5.5 trillion. 3. Anthropic's valuation is reportedly exceeding $900 billion, surpassing OpenAI for the first time. 4. US PPI surged 1.4% month-on-month and 6% year-on-year in April, both the largest increases since 2022. 5. OPEC lowered its 2026 global oil demand growth forecast from 1.38 million barrels per day to 1.17 million barrels per day.