COLLINS: EXPECTS FED WILL NEED TO KEEP RESTRICTIVE POLICY 'FOR SOME TIME'

US / Trump & China - Trump to meet Xi Jinping Thursday in Beijing at 10:15 AM local time (10:15 PM ET) - Trump says he will discuss U.S. arms sales to Taiwan with Xi - Kyodo - Trump: “China’s strong, but we’re stronger than China militarily”; expects meeting with Xi to be “good” - Chinese officials in talks with U.S. counterparts to purchase American agricultural products including corn, sorghum, distillers dried grains, and soybeans China / Economy & Corporate - OpenAI to save $97B through 2030 under latest Microsoft deal - The Information - China domestic flight fuel surcharge to rise again starting May 16 - Yicai - China’s market regulator conditionally approves Tencent’s acquisition of shares in Ximalaya - Vanke board approves framework for Shenzhen Metro Group to provide 2.5B yuan shareholder loan, plus supplemental agreement for 22B yuan loan Geopolitics / Iran - Iranian parliamentary commission: Tehran could enrich uranium up to 90% if U.S. attacks; parliament will discuss - X post - Pentagon considering re-naming Iran war plan “Sledgehammer” if ceasefire collapses - NBC - U.S. military may launch “Operation Sledgehammer” against Iran, bypassing congressional 60-day war power limits Other US Developments - Kevin Warsh confirmed to Fed Board; chair vote pending - U.S. appeals court temporarily pauses trade court ruling against Trump’s 10% tariffs under Section 122 Tech / Innovation - Unitree unveils GD01, a manned transformable mecha starting at $650,000

以色列军队再次向黎巴嫩南部的6个城镇发出撤离警告。