Shares of QUALCOMM UP 12.5%

Federal Reserve Governor Waller: The labor market has reached equilibrium and is no longer the primary focus in determining the policy path.

Domestic News: 1. Gasoline and diesel prices have increased by 75 yuan and 70 yuan per ton respectively, meaning filling a tank will cost an extra 3 yuan. 2. BOE Technology Group Co., Ltd.: There is currently no business cooperation with Nvidia; some media speculation lacks factual basis. 3. Ministry of Agriculture and Rural Affairs: Continue to strengthen comprehensive regulation of pig production capacity to stabilize prices of pigs and other major agricultural products. 4. Li Qiang chaired an executive meeting of the State Council to study relevant work on promoting the construction of a unified national market. 5. Ministry of Commerce: If the EU insists on taking discriminatory restrictive measures against Chinese companies or products, China will resolutely retaliate. 6. Ministry of Commerce: China and the US should create favorable conditions for two-way agricultural trade and promote the restoration and continuous expansion of agricultural trade cooperation. International News: 1. Walsh will be sworn in as the new Chairman of the Federal Reserve at 11 PM tonight. 2. US Ambassador to Denmark: Trump has ruled out the use of force against Greenland. 3. US Secretary of State: Negotiations between the US and Cuba have made no substantial progress, and the possibility of reaching an agreement is low. 4. Samsung Electronics shareholders claim the wage agreement reached with the union is invalid and will apply for an injunction if approved. 5. US media: The US will provide $2 billion in funding to nine quantum computing companies and is considering equity investments. 6. Sources: OPEC+ is expected to agree to increase oil production quotas by 188,000 barrels per day at its June meeting. 7. To support its currency, Turkey almost liquidated all of its holdings of US Treasury bonds in March. 8. A Turkish court ruled to remove the leader of the main opposition party, consolidating Erdogan's position. The Turkish stock market plummeted, triggering a circuit breaker. 9. Middle East situation— ① Al Arabiya refuted Iranian media reports citing its claim of a "US-Iran agreement," stating that the Iranian media's news was inaccurate. This report at the time caused oil prices to fall and risk assets to strengthen. ② US media: US intelligence indicates Iran is rapidly rebuilding its military. ③ Foreign media: Pakistan's Army Chief of Staff remains in the country; whether he will visit Iran depends on the outcome of the Interior Minister's visit. ④ Reports claimed that Iran's Supreme Leader had instructed that near-weapon-grade uranium must remain within Iran. Iranian officials refuted these reports, stating that no new orders had been issued and that Iran's position remained consistent: Iran would dilute the material itself. ⑤ Rubio stated that establishing a tollbooth in the Strait of Hormuz would render diplomatic agreements unworkable. ⑥ Iran: 31 ships passed through the Strait of Hormuz in the past 24 hours. ⑦ Both Pakistan and the United States claimed progress in negotiations, and media reports indicated that differences had narrowed, but obstacles remained regarding the opening of the Strait and uranium enrichment.