Chancellor John Healey plans to use his first budget, due later this month, to lower firms' operating costs and support entrepreneurs by cutting regulatory burdens. One proposed measure is scrapping certain reporting requirements for small businesses. Healey has ruled out raising capital gains tax and will not pursue a proposed new visa category for wealthy foreign residents.

The Ministry of Industry and Information Technology (MIIT) and seven other ministries issued the 15th Five-Year Plan for Enhancing Industrial Base Capabilities, directing AI to accelerate industrial foundational innovation. The plan prioritizes R&D of both general-purpose and industry-specific large models for industrial sectors, integration of mechanistic industrial models with agent decision models, and development of intelligent-native foundational products. It promotes model-as-a-service and agent-as-a-service business models and calls for rapid deployment of AI across product R&D, design simulation, pilot verification, and production operations to boost intelligent process management, analytics/forecasting and decision execution, and to accelerate iteration of industrial-base innovation.

SpaceX(SPCX.O)盘前涨幅扩大至10%。