Token支出价格指数上周五跌至1.6417，自从本月初刷新了4月以来新低后，近期回升转为震荡。整体看仍未完全摆5月底以来的下行状态，暗示AI企业烧钱速度放缓，但与去年底相比，依然处于较高位置。 -------- 注：出售Token是目前AI产业的重要变现源头，其价格是衡量目前算力供需状况的信号之一，若Token价格保持在高位，云服务商就有动力增购更多GPU、DRAM内存并扩建数据中心，但若持续下降就要小心AI企业“消费降级”，成为本轮硬件狂欢周期结束的领先指标。Token价格数据来源于OpenAI、Anthropic、DeepSeek等全球顶尖AI模型。

China's State Council issued the National Health 15th Five-Year Plan, committing full-chain support for innovative drugs and medical devices. It directs regulators to optimize review and approval of innovative and clinically urgent medicines and to establish a comprehensive clinical evaluation system to support clinical use. The plan calls for accelerated R&D and application of cell and gene therapies, next‑generation antibodies, new vaccines, nucleic‑acid drugs and radiopharmaceuticals, and for strengthened emergency vaccine and drug R&D, production and deployment. It seeks to expand pediatric drug options, deepen medtech–clinical collaboration and boost R&D of core technologies, components and finished high‑end devices. The plan also promotes AI across the pharma and medtech value chain and instructs improvement of health‑insurance support mechanisms, including refinement of the innovative‑drug reimbursement/catalogue.

伊朗革命卫队：海军昨晚采取行动，通过关闭两艘违规船只的系统，制止了这两艘危及霍尔木兹海峡航运安全的船只。