US / Trump & Middle East
- Trump expected to meet national security team Tuesday in the Situation Room to
discuss military options on Iran.
- Trump warned Iran must act “quickly” or risk “having nothing left.”
- Sources say Trump and Netanyahu discussed the possibility of restarting
military operations against Iran, with potential joint U.S.-Israeli airstrikes.
- U.S. Energy Secretary says Strait of Hormuz will reopen by this summer.
Trump administration did not renew sanctions waiver for Russian oil.
Iran / Middle East Conflict
- Iranian military warns any new U.S. military action will face offensive
retaliation.
- Iran says U.S. proposed five key conditions in negotiations, including no war
compensation and limiting Iran to one operating nuclear facility.
China / US-China Relations
- China Commerce Ministry says U.S.-China trade talks achieved preliminary
results.
- China and U.S. agreed in principle to reduce tariffs on products of equal
concern scale. Both sides agreed to establish trade and investment councils.
- Trump discussed outcomes of Xi meeting and regional issues with South Korean
President Lee Jae-myung.
- Japanese PM Sanae Takaichi says Trump reaffirmed strength of U.S.-Japan
alliance after China visit.
- Russian President Vladimir Putin to visit China May 19-20 for talks with Xi
Jinping.
China / Economy & Markets
- Reuters poll expects China April industrial output growth to accelerate to
5.9% y/y, supported by exports.
- China April retail sales growth expected to improve to 2%.
- China Jan-Apr fixed asset investment growth seen slowing to 1.6%.
- China banking regulator says commercial bank non-performing loan ratio rose to
1.51% in Q1.
Energy / Commodities
- U.S. Energy Secretary says China will become a bigger buyer of U.S. crude oil
after Middle East supply disruptions.
- U.S. plans to refill every barrel released from Strategic Petroleum Reserve.
- Oil surge and inflation fears pressured global equities Friday.
Tech / IPO / Semiconductor
- SpaceX plans to price IPO as early as June 11 and selected Nasdaq for listing,
according to sources.
- Bloomberg says SpaceX shareholders approved proposed 1-for-5 stock split.
- Chinese memory chipmaker ChangXin Memory Technologies filed STAR Market IPO
prospectus.
- ChangXin Memory says Q1 revenue surged more than sevenfold and expects H1 net
profit up to 75 billion yuan versus year-ago loss.
China / Policy & Regulation
- China says EU’s use of Foreign Subsidies Regulation in probe of Nuctech
constitutes improper extraterritorial jurisdiction.
- China State Council calls for maintaining moderate birth levels and orderly
urban renewal.
Media / Sports Rights
- China Media Group reached new FIFA rights agreement covering 2026 and 2030
World Cups.
- Report says 2026 World Cup China broadcasting rights cost $60 million.
