China's State Council issued the '15th Five-Year Carbon Peak Action Plan'.

China’s State Council issued its "15th Five-Year" carbon-peak action plan targeting new-energy vehicles (NEVs) to reach about 30% of total vehicle stock and NEV commercial/operational vehicles 25% by 2030. Measures include accelerating electrification of public and government fleets and non-road mobile machinery (construction, mining, ports, airports, logistics parks); phasing out old vehicles; promoting large-scale use of new-energy heavy trucks; expanding charging, battery-swap and green hydrogen/ammonia/methanol refuelling infrastructure; building zero-carbon road transport corridors on major high‑freight national highways and trunk roads; raising rail and water share for bulk freight and NEV freight share; and developing electric, LNG, biodiesel and green-methanol powered vessels.

Microsoft (MSFT.O) fell about 1% in premarket trading and IBM (IBM.N) dropped more than 3% after reports said Starbucks is introducing AI to reduce reliance on Microsoft and other firms.