Gap CEO Dixon expects consumers to return to shopping malls and physical stores.

At a results briefing Guoguang Co. said El Nifio has driven localized extreme weather—heavy rains and floods in some regions and high temperatures and drought in others. Some of the company’s plant growth regulators offer stress resistance, root promotion and anti-lodging effects, which can boost regional demand (e.g. growth control/anti-lodging products in wet, windy areas; heat/drought-resilience products in dry areas). However, demand also depends on planting area, crop mix, climate, farmgate prices and farmer usage habits, so climate effects are regional. The company has not found El Nifio to have a material impact on overall operating performance to date.

ANTHROPIC called to slow development of advanced AI models; Elon Musk and other industry figures signaled support. Zheshang Securities analysts say the move will weigh on AI hardware suppliers and large-model developers in the short term, but is medium- to long-term positive for AI application providers and AI terminal/endpoint vendors. Analysts expect continued expansion of AI compute capacity, an unchanged trend toward domestic Chinese compute, and explosive growth in global token usage, which should sharply lift demand for inference compute.