另据媒体报道，德国总理默茨则试图争取汽车行业的特殊豁免，却被欧盟官员斥为"妄想"。 232关税成谈判核心障碍 美国商务部即将公布的232条款调查结果涵盖半导体、制药和关键矿物等多个关键行业，这些行业特定 关税的不确定性让各国在贸易谈判中举步维艰。 随着7月9日的"关税大限"将至，贸易谈判陷入僵局，"232条款"关税成最大障碍？ 据媒体报道，美国商务部将在未来几周内公布对半导体、制药和关键矿物等进行的所谓的"232条款"调 查的结果，如果认定进口这些材料"对美国安全有威胁"，预计将根据《贸易扩张法》第232条对这些行 业的外国产品征收额外关税。 随着7月9日美国关税暂停截止日期的临近，有分析指出，按照4月2日的公告，232关税可能将取代现行 的"对等关税"。 值此之际，日本、法国和德国等国与美国的贸易谈判陷入僵局，对签署贸易协定"犹豫不决"。 环球时报报道称，日本经济再生担当大臣Ryosei Akazawa已于26日赴美展开第七轮日美关税谈判，明确 表示无法接受25%的汽车关税；据央视新闻报道，法国总统马克龙27日表示，法国不能接受与自身利益 不对等的关税协议，强调如果美国维持10%关税，欧洲将对美国产业施加等 ...

Investment Rating - The report maintains a "Buy" rating for Meitu, with a target price of 7.49 HKD [11]. Core Viewpoints - AI technology is expected to have a supplementary effect on image life scenarios in the short term, while the long-term competitiveness will rely on vertical data-driven AI model tuning and user understanding [5][14][19]. - The global market for image life scenarios is projected to reach approximately 7 billion USD in 2024, with a low average payment penetration rate of around 4% [21][25]. - Meitu is well-positioned to benefit from user growth and increased subscription penetration driven by AI, leveraging its deep understanding of user needs and experience in high-quality domestic products [6][49]. Summary by Sections Industry Investment Rating - The report recommends a "Buy" rating for Meitu, indicating confidence in its market position and growth potential [11]. Market Analysis - The image life scenario market primarily targets social and entertainment needs, with a user base of approximately 4 billion but a low payment penetration rate of 4% [21][25]. - The potential market space for image life scenarios in 2024 is estimated at 7 billion USD, which is significantly less than productivity scenarios [21][25]. AI Impact on the Industry - AI is expected to enhance product capabilities rather than replace existing applications in the short term, with traditional applications maintaining an advantage due to established user habits and data accumulation [5][14][19]. - AI can create new user growth paths and expand subscription opportunities, with successful examples like FaceApp and Meitu demonstrating the effectiveness of AI-driven features in user engagement [3][15][40]. Regional Market Opportunities - The report highlights the differences in subscription model maturity across global markets, with the US and Europe being more established, while Southeast Asia presents significant growth potential due to its large user base and cultural affinity [4][18][62]. - In the US market, the revenue contribution is high, while Southeast Asia has a larger number of active users, making both regions key targets for Meitu's international expansion [62][63]. Competitive Landscape - The report argues against the prevailing market view that AI will disrupt traditional image life applications, asserting that the short-term impact will be more about enhancement than replacement [5][19]. - Meitu's long-standing experience in the beauty application sector positions it favorably to leverage AI advancements for sustained growth and user retention [6][49].

Records Pre-Tax Gain of Approximately $24.6 millionMCLEAN, Va., May 13, 2025 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") today reported that it has deconsolidated Panacea Financial Holdings ("PFH") effective March 31, 2025.   Accordingly, the Company will be revising its earnings release dated April 29, 2025 to reflect certain gains associated with recognizing the value of the Company's investment in PFH.The Company engaged an independent third party to evaluate the fai ...