Core Viewpoint - The U.S. Treasury Secretary, Janet Yellen, anticipates that tax cuts will lead to non-inflationary growth in the economy [1] Group 1 - The expectation of tax cuts contributing to economic growth is highlighted as a significant factor for future fiscal policy [1] - The focus on non-inflationary growth suggests a strategic approach to stimulate the economy without exacerbating inflationary pressures [1]

Core Viewpoint - The U.S. Treasury Secretary, Janet Yellen, anticipates that tax cuts will lead to non-inflationary growth [1] Group 1 - The expectation of tax cuts contributing to economic growth without causing inflationary pressures [1]

日本首席谈判代表、经济再生大臣赤泽亮正：希望聚焦于薪资提高，而非减税。 ...

据智通财经消息，特朗普：参议院正在讨论减税法案，希望加大减税力度。 ...

美国总统特朗普谈及已经被移交至参议院的税收立法草案，宣称：希望能批准一份更大幅度的减税立法 草案。 将与参众两院谈判税收草案。 寻求略微更低的税收数字。 ...

美国总统特朗普在社交媒体上表示："民主党人启发并'控制'了国会预算办公室(CBO)，故意给了我们一 个极低的增长率，10年来只有1.8%。这是多么荒谬和不爱国啊！他们在2017年对我们做了同样的事 情，但我们实现的增长是其预测的两倍。他们最近发布的信息更加荒谬和站不住脚。我预测，我们的经 济增长将是他们有意'分配'给我们的(1.8%)3倍、4倍，甚至5倍。而且，只要我们实现最低预期的3%增 长，我们就能抵消我们的减税(实际上，这不会让我们花任何钱！)" ...

Core Viewpoint - The Federal Reserve's Daly stated that deregulation and tax cuts are generally beneficial for overall economic growth [1] Group 1 - Deregulation is viewed as a positive factor for economic expansion [1] - Tax reductions are also considered advantageous for stimulating economic activity [1]

Core Viewpoint - Cathie Wood emphasizes the potential for accelerated GDP growth in the U.S. and the positive impact of tax reductions on corporate competitiveness and innovation [3][4][5] Economic Outlook - U.S. GDP is expected to exceed growth expectations, with a focus on tax reductions and the removal of trade barriers as positive signals for the economy [3] - The reduction of corporate tax rates from 35% to 21% during Trump's first term led to a significant increase in corporate tax revenue, demonstrating that lower tax rates can enhance competitiveness and drive economic growth [4][5] Innovation and Technology - The cost of AI innovation is rapidly decreasing, with training costs dropping by 75% annually and inference costs by 85%, leading to a surge in innovative companies globally [6] - The U.S. technology sector is expected to thrive under the current regulatory environment, with a notable increase in the market capitalization of tech companies from 2019 to 2024 [6][8] Healthcare Sector - AI is seen as a major beneficiary in the healthcare sector, with advancements in drug discovery and diagnostics expected to significantly reduce costs and improve outcomes [16] - Companies like CRISPR Therapeutics are at the forefront of utilizing AI for groundbreaking treatments, showcasing the potential for AI to revolutionize healthcare [16][17] Investment Strategy - Cathie Wood suggests that investors should look beyond the MAG-6 tech giants and focus on emerging companies in innovative sectors that are currently undervalued [8] - The healthcare industry is highlighted as a particularly promising area for investment, with AI expected to enhance research and development returns [16] Government and Defense - The shift towards modernization in government and defense sectors is crucial, with companies like Palantir leading the way in improving efficiency and adapting to new technological demands [10][11] - The changing nature of warfare, particularly the rise of drone technology, indicates a need for investment in modernized defense systems [11]

Important News - The U.S. House of Representatives passed a tax reform bill proposed by Trump, which will significantly reduce taxes, cut social spending, and increase federal debt; Democrats criticized the bill as a tax cut for the wealthy and a weakening of social security [1] Company News - TSMC and other manufacturers are advising the U.S. Department of Commerce to exempt semiconductor-related tariffs [2] - Sanofi will acquire clinical-stage biotech company Vigil Neuroscience for $470 million in cash, with the total acquisition price potentially rising to $600 million if subsequent development milestones are met [3] - Cigna announced a new agreement with Eli Lilly and Novo Nordisk to set a cap on out-of-pocket costs for weight loss medications [3] - Google has announced the launch of AI search ad testing for desktop users in the U.S. starting today [3] Economic Indicators - The number of initial jobless claims in the U.S. last week was 227,000, down from the previous value of 229,000 [4] - The yield on the 30-year U.S. Treasury bond rose to 5.15%, marking the highest level since October 2023 [4] - Federal Reserve Governor Waller indicated that if tariffs decrease, the Fed is expected to lower interest rates in the second half of 2025 [4] - Nike is expected to implement widespread price increases on products in the U.S. market as early as this week [4] - Walmart is laying off nearly 1,500 employees in its technology department [4] - Zoom reported a 2.9% year-over-year revenue growth to $1.17 billion for the first fiscal quarter, with adjusted earnings per share of $1.35, exceeding market expectations [4]

当地时间5月18日，美国众议院预算委员会投票通过特朗普的大规模税收与支出议案。 ...