
Macro News - The Ministry of Commerce of China expresses willingness to strengthen cooperation with other countries to promote the healthy and sustainable development of cross-border e-commerce, despite the recent cancellation of the tax exemption policy for small packages from China by the US, which is seen as detrimental to both countries' businesses and consumers [1][2] - The Federal Reserve maintains the federal funds rate target range at 4.25%-4.5%, in line with market expectations, and indicates that it does not plan to preemptively lower interest rates due to ongoing high inflation [2][3] Market Trends - The Shanghai Gold Exchange issues a notice to strengthen market risk prevention measures amid significant fluctuations in international precious metal prices, urging member units to prepare risk emergency plans [3] - Bitcoin approaches the $100,000 mark for the first time since February, leading to a rise in related US stocks, with notable increases in companies such as Strategy (+5.1%) and Hut 8 (+7.7%) [4] - The first quarter results of 85 property insurance companies reveal a total insurance business income of approximately 516.15 billion yuan and a net profit of about 25.60 billion yuan, with 70 companies reporting profits and 15 reporting losses [5] Company Developments - OpenAI appoints Fidji Simo, the CEO of Instacart, as the new Chief Applications Officer, allowing current CEO Sam Altman to focus more on research and safety [5] - Huawei's HarmonyOS makes its debut on computers, with the first HarmonyOS computer set to be released on May 19, featuring deep integration of AI capabilities [6][7]