特朗普最终还是挥起刀，切走了英特尔的"蛋糕"。 "我说，'我们应该获得英特尔10%的股份。'他来了，想保住工作，结果我们笑纳了100亿美元。"在一场 对外讲话中，美国总统特朗普这样描述与英特尔首席执行官陈立武的谈判过程。 《华盛顿邮报》认为，这种直接介入企业股权的做法，在非战和非危机时期极为罕见，标志着特朗普对 私营部门干预程度的进一步升级。《纽约时报》称，这将是自2008年金融危机以来，美国政府对私营企 业最直接的大规模干预之一。 而对外界而言，这笔交易虽源自英特尔的融资现实，但也被纳入白宫的"忠诚叙事"之中。 自特朗普开启第二个总统任期以来，"忠诚"一词，成为其任命官员、评价商界的一个重要指标。 多家美国媒体近日披露，白宫还制定了一份评分表，按对"大而美"法案的支持力度，对553家美国企业 和行业协会进行排名。 名单列出了"优秀合作伙伴范例"，包括优步、DoorDash、美国联合航空、达美航空、美国航空协会、 AT&T、思科以及美国钢铁制造商协会等。 这些企业共同特征是公开或实际行动上表态支持法案：思科首席执行官罗宾斯曾发帖称赞法案"使美国 公司更好地在国内创新和投资"，AT&T宣布将更快建设美国光纤基础 ...

Core Points - The recent passage of the "Big Beautiful Act" in the U.S. Congress reflects a significant shift towards austerity measures that disproportionately affect lower-income individuals and workers [4][10] - The act extends tax benefits for the wealthy while cutting food assistance and medical subsidies for the poor, indicating a regression to a more conservative societal structure reminiscent of the Cold War era [6][10][11] - The U.S. is facing a growing national debt, nearing $35 trillion, with interest payments exceeding $1 trillion annually, prompting the need for spending cuts [9] Summary by Sections Legislative Changes - The "Big Beautiful Act" passed with a narrow vote of 218 to 214, with no Democratic votes in favor and only two Republicans opposing [4] - Key provisions include the extension of tax benefits for the wealthy and cuts to food assistance and medical subsidies for the poor [4][10] Economic Context - Over the past decade, average wage growth in the U.S. was around 3% annually before the pandemic, but real purchasing power has stagnated despite nominal increases of over 5% in recent years [6] - The wealth of the top 10% of Americans increased by over 15% in the past year, driven by stock market and real estate gains, while lower-income households have seen their savings diminish [7] Social Implications - The cuts to welfare programs, including a 4% reduction in food assistance and over 1% in children's health insurance subsidies, suggest a return to a society where the working poor must work harder for less support [10][11] - The current economic environment is characterized by a strong dollar and high interest rates, which may lead to further cuts in education and housing subsidies if fiscal pressures continue [13] Consumer Sentiment - Despite rising stock markets, consumer confidence remains low, with many Americans expecting negative economic conditions in the near future [15] - The passage of the "Big Beautiful Act" indicates a prioritization of corporate interests and fiscal strength over the welfare of ordinary workers, raising concerns about the long-term societal impact [15][17]

Group 1 - The acquisition plan of Three Squirrels to acquire Love Snacks has been terminated after 8 months, with a deal value of 200 million yuan [1] - The announcement indicated that the parties could not reach an agreement on core terms, leading to the decision to terminate the acquisition [1][2] - Following the termination, Three Squirrels signed a deep strategic cooperation agreement with Snack Selection [1] Group 2 - The termination of acquisitions is common in the A-share market, often due to disagreements on terms or conditions [2][3] - The decision to terminate the acquisition can be seen as a responsible choice for both parties, allowing them to seek better opportunities [4][20] Group 3 - For Love Snacks, being acquired could have been a favorable outcome given the competitive industry landscape, providing opportunities for shareholders [7] - For Three Squirrels, the termination is also a "optimal solution," potentially due to disagreements on valuation, market changes, or strategic shifts [8][19] - Love Snacks' valuation has been a point of contention, with significant disagreements reported during negotiations [9][12] Group 4 - The snack industry is entering a new phase of operational growth, moving beyond the initial rapid expansion and consolidation [21][22] - The focus is shifting towards operational efficiency and profitability, as seen in other industries like tea beverages [25][27] - The competitive landscape is evolving, with leading brands solidifying their positions while second-tier brands may face challenges [27][30] Group 5 - The future growth of the snack industry will depend on effectively managing supply chains and understanding consumer demographics [30][33] - Successful businesses in the snack sector will need to prioritize high-quality products and customer retention strategies to thrive in a saturated market [33][34]

Core Viewpoint - The article critiques the United States' approach to trade, particularly its emphasis on "reciprocal tariffs," which the author argues is a double standard that overlooks the significant service trade surplus the U.S. enjoys [3][5]. Trade Balance - The U.S. service trade surplus is projected to reach nearly $300 billion in 2024, highlighting a significant imbalance in how the U.S. discusses its trade position, focusing on goods trade deficits while ignoring service trade advantages [3]. - The U.S. often claims to be at a disadvantage in goods trade, yet fails to acknowledge its substantial gains in service trade, which is seen as a selective narrative [3][5]. Global Trade Dynamics - The global service industry now accounts for over two-thirds of GDP, with high-value services like finance and IT predominantly controlled by the U.S. and other developed nations, raising questions about the fairness of the U.S. trade narrative [5]. - The article suggests that the U.S. is not genuinely advocating for free trade but rather seeks to maintain a system that benefits itself while imposing restrictions on others [7]. International Reactions - The European Union, particularly Germany, is expressing concerns over unilateral trade actions and the need for stronger multilateral coordination to avoid a trade war, indicating a shift in sentiment among global partners [7]. - China's recent statements at the WTO are framed as a call for a more equitable global trade environment, challenging the notion that might makes right in international trade [9]. Future Implications - The article raises concerns about the sustainability of the U.S. trade strategy, questioning how long it can continue to operate under a logic that demands reciprocity while maintaining flexibility for itself [9].

Group 1 - The core idea of the article emphasizes the importance of understanding economic behavior from an individual perspective, particularly in the context of survival and living standards in society [2] - The article discusses the roots of poverty and famine, highlighting that hunger is not solely a matter of food supply but also of distribution and power dynamics [3][4] - It mentions that poverty is a relative concept and understanding its true causes is essential for effective solutions, as proposed by Amartya Sen [3] Group 2 - The article outlines individual demand, consumption, and division of labor, referencing Keynes' theory of effective demand as a key driver for employment and output [5] - It explains that consumption is the ultimate goal of economic activity, leading to cooperation and division of labor among individuals and families [6][7] - The text also discusses the role of social cohesion and moral standards in economic life, as highlighted by Durkheim [7] Group 3 - The article describes the necessity for individuals to engage in market operations to accumulate wealth, emphasizing the role of free markets and the importance of government regulation [8][9] - It discusses mercantilism and the importance of trade balance in national wealth, suggesting that individuals can benefit from exporting their products [10] - The article highlights the significance of savings and investment, explaining that savings are a result of consumption behavior and investment decisions [10] Group 4 - Decision analysis is presented as crucial for individuals to navigate market opportunities and challenges, with a focus on understanding decision-making rules and their implications [11] - The article concludes that economics reflects the dynamic interplay between individual survival and development, emphasizing the continuous evolution of economic interactions [12]