Core Insights - Rocket Lab (RKLB) has demonstrated significant revenue growth despite operational delays, while AST SpaceMobile (ASTS) has disappointed investors with poor performance and high valuation metrics [1] Group 1: Rocket Lab Performance - Rocket Lab reported an annual revenue of $554 million and secured an $816 million defense contract, expected to generate an additional $200 million in revenue over four years [1] - The company launched its 80th and 81st Electron missions in January, maintaining a strong operational track record [1] - Q3 2025 revenue reached $155 million, reflecting a 48% year-over-year increase, with gross margins of 37% [1] - The company has a backlog of $1 billion, which grew 56% year-over-year in launch services alone [1] Group 2: Challenges Faced by Rocket Lab - A rupture in the Stage 1 tank of the Neutron rocket during testing has delayed its debut to the first half of 2026, impacting investor sentiment [1] - Despite the Neutron setback, Rocket Lab's core business remains strong, with CEO Peter Beck indicating robust momentum [1] Group 3: Comparison with AST SpaceMobile - AST SpaceMobile reported only $18.5 million in revenue and trades at a price-to-sales ratio of 1,655x, indicating a lack of operational maturity compared to Rocket Lab [1] - AST SpaceMobile missed Q3 targets and raised $1 billion through convertible notes, highlighting its financial struggles [1] - Rocket Lab's proven revenue generation and operational execution contrast sharply with AST SpaceMobile's ongoing cash burn and execution risks [1]

2月17日15时40分许，云南省楚雄市东华镇莲华村小五排莲溪湾度假村一艘涉客船舶倾覆，船上26人落 水，造成4人死亡。事故发生后，应急管理部要求尽快核实核清伤亡人数，全力救治伤员，彻查原因， 严肃追责问责，举一反三，坚决防止此类事故再次发生。 国务院安委会办公室决定对该起事故查处实行挂牌督办，要求云南省按照"四不放过"的原则，组织对该 起事故提级调查，依法依规严肃追责问责。 此次事故具体原因和善后工作正在进一步进行中。 （文章来源：央视新闻） ...

Core Viewpoint - Microsoft shares have dropped below $400 despite achieving the largest earnings beat in its history, as investors are skeptical about the sustainability of margins from AI spending [1] Financial Performance - Microsoft reported record operating margins of over 47% and a 26% year-over-year growth in cloud revenue [1] - The stock has fallen nearly 17.46% this year, contrasting with Google's decline of only 1.2% and NVIDIA's flat performance [1] Market Sentiment - Retail investor sentiment on Reddit remains neutral at 51.88, indicating confusion regarding Microsoft's future prospects [1] - The market is not questioning Microsoft's operational excellence but is demanding evidence that AI spending will lead to sustainable returns rather than just revenue growth [1] Investor Concerns - There is a significant disconnect between the company's AI infrastructure investment and actual product monetization, leading to a selloff in shares [1] - Investors are looking for concrete proof that Microsoft's AI initiatives will translate into sustainable margins, not just top-line growth [1] Comparison with Competitors - Google has integrated AI into existing profitable products, resulting in a minimal decline in its stock, while NVIDIA has maintained its stock value by selling infrastructure without promising future returns [1] - Microsoft is facing unique challenges as it is being penalized for the gap between its AI infrastructure spending and product adoption [1]

类似的深度合作范式在2025年已多点开花。三生制药与辉瑞就PD-1/VEGF双抗达成合作，创下当时首付 款纪录；恒瑞医药（600276）将包括核心产品在内的多个项目海外权益授予GSK，潜在总额达125亿美 元；而信达与武田的合作更是开创了按比例共担成本、共享利润的"双向奔赴"新模式。这些交易已超越 单一产品输出，覆盖从技术平台、临床开发到商业化的全链条，标志着中国药企正实现从"产品供应 商"到"综合能力伙伴"的跨越。 中国创新药产业正在迈入一个全新的发展阶段，实现了从"引进模仿"向"创新输出"的关键转变。这一变 化不仅体现在对外授权交易（BD）的显著增长上，更意味着中国在全球创新药领域中的话语权和影响 力持续增强。2026年初，中国创新药对外授权交易市场延续了此前的强劲增长势头，第一季度交易金额 已突破332.8亿美元，首付款规模甚至超过了2025年单季度最高水平，这不仅刷新了历史纪录，也标志 着中国创新药产业正从全球创新价值链的跟随者转变为引领者。 中国创新药BD交易的迅速扩张并非偶然，而是多重因素共同作用的结果。一方面，全球医药产业正面 临"专利悬崖"和"创新需求"的双重压力。预计到2030年，全球将有超 ...

Core Insights - The SPDR S&P 500 ETF Trust (SPY) has experienced a decline of 1.31% over the past month, with its Relative Strength Index (RSI) at 43.91, nearing oversold territory [1] - Despite a modest one-year gain of 11.95%, investor sentiment remains cautious due to uncertainty surrounding the Federal Reserve's policy and concentration risk in major tech stocks [1] - Over 75% of S&P 500 firms reported year-over-year earnings growth, while core PCE inflation stands at 1.82%, below the Fed's 2% target, indicating a potential for bullish sentiment [1] Retail Investor Sentiment - Retail investors have shown mixed sentiment on social media, with discussions shifting from bullish to bearish as they debate whether current SPY levels represent a buying opportunity or further downside [1] - A notable post on Reddit's r/wallstreetbets highlighted a user’s loss of $87,300 on SPY puts, generating significant engagement and reflecting the anxiety among retail investors [1] - Current sentiment for SPY is neutral at 42.2 out of 100, influenced by recent market activity [1] Market Dynamics - Historical patterns indicate that SPY's RSI has dropped below 40 multiple times in the past year, with subsequent recoveries occurring within weeks [1] - The top three holdings in SPY—NVIDIA, Apple, and Microsoft—account for nearly 20% of the fund, raising concerns about concentration risk for investors monitoring short-term performance [1]

Core Viewpoint - The article emphasizes the importance of investing in high-quality growth and momentum stocks that are reasonably priced, with a focus on long-term performance and potential market outperformance [1]. Group 1: Investment Strategy - The investment strategy involves focusing on growth and momentum stocks that are expected to outperform the market over the long term [1]. - The analyst has a history of advising investors to buy at market lows, specifically noting a recommendation in March 2009 during the financial crisis, which led to significant market gains [1]. Group 2: Market Performance - From 2009 to 2019, the S&P 500 saw an increase of 367%, while the Nasdaq experienced a remarkable increase of 685%, highlighting the potential for substantial returns in the stock market [1]. Group 3: Investment Philosophy - The analyst aims to assist investors in making money by focusing on high-quality growth stocks and utilizing options as part of the investment strategy [1].

YouTube周二表示，它已经解决了一个短暂影响视频共享平台访问的问题，此前停电跟踪网站 Downdetector报告了全球大范围的中断。 YouTube表示，由于其推荐系统出现问题，导致视频无法在YouTube表面出现。 YouTube在更新中说：我们的推荐系统问题已经解决，我们所有的平台（YouTube.com、YouTube应用程 序、YouTube音乐、儿童和电视）都已恢复正常。 根据Downdetector的数据，在高峰期，美国有超过32万用户报告了YouTube的问题。 Downdetector的数据基于用户提交的报告。实际受影响的用户数量可能有所不同。 根据DownDetector的数据，包括印度、英国、澳大利亚和墨西哥在内的个国家的YouTube也面临中断问 题。 Downdetector的数据基于用户提交的报告。实际受影响的用户数量可能有所不同。 根据DownDetector的数据，包括印度、英国、澳大利亚和墨西哥在内的个国家的YouTube也面临中断问 题。 责任编辑：刘明亮 责任编辑：刘明亮 YouTube周二表示，它已经解决了一个短暂影响视频共享平台访问的问题，此前停电跟踪网站 Dow ...

胖东来的18家存续企业版图看似跨领域多元，实则是围绕"极致消费体验"的有限扩张。以许昌市胖东来天使城影业有限公司为 例，其并非单纯的影视投资，而是与线下商业体如天使城购物中心形成场景融合，为消费者提供一站式高品质消费体验。餐 饮、珠宝等业态也并非分散资源，而是对核心业务的补充，强化了体验闭环。这种"小步试探、区域深耕"的策略，与传统零售 企业"跨行业并购-规模导向"的多元化陷阱形成鲜明对比，有效降低了扩张风险。 图片为AI生成 近日，胖东来创始人于东来在社交媒体发布战略规划称，胖东来永远坚定学校的性质，所以"永不上市"。据天眼查App显示，胖 东来关联企业许昌市胖东来商贸集团有限公司成立于1997年9月，法定代表人为于东来，注册资本5660万人民币，于东来持有公 司约70%股份，为第一大股东及实控人。该公司持股的10余家公司中，存续状态的有9家，通过直接或间接持股，拥有18家存续 企业的实际控制权，版图涉及商贸、影业、餐饮、珠宝等领域。 当多数零售企业将上市融资作为扩张跳板时，胖东来的"永不上市"宣言显得格外另类。这并非对资本的简单排斥，而是其"员工 与顾客至上"价值观驱动下的商业模式选择。传统零售行业往往遵 ...

这个春节假期，连云港花果山景区在山路沿途设置沉浸式文化巡游，从检票口到山门广场，一路锣鼓喧天演出不断。景区还精心打造新春 市集，汇聚传统手艺与年味年趣。游客既可以近距离观看演出，也能亲身参与体验，在游园赏景中收获别样的新春乐趣。 央视网消息：新春佳节，各地张灯结彩、喜气洋洋。在江苏连云港，游客或是登高祈福，或是在古城巡游中感受欢声笑语，开启崭新一 年。 大年初一早上，江苏最高峰——连云港花果山玉女峰成了游客们登高"打卡"的目的地。蜿蜒的山道上，游客边登高边赏景，享受暖阳中的 新春假期。在观景平台，游客登高远眺，感受山河壮美，留念许下新年的愿望。 春节假期，黑龙江抚远凭借独特的地理优势和浓郁的冰雪年味，各地游客自驾奔赴，静候新春第一缕阳光。 夜色渐退，东极天际泛起微光，五湖四海的游客迎着寒风齐聚东极阁，静候马年新春的第一缕阳光。天际由淡青转为金红，一轮红日跃出 江面，界江、白雪与边城都被镀上了金色的光晕，游客们纷纷举起手机定格这一美好瞬间，寄托对新年的希望与祝福。现场，游客们自发送上 新春问候，传递着团圆与喜悦。 除了追光赏景，抚远的生态野趣也吸引着众多游客。探秘野熊园里，黑熊憨态可掬，游客们有序投喂，车厢里满 ...

春晚网络热度持续走高，近2000个话题登上热搜热榜。截至2月17日13时，2026年总台春晚全网话题阅 读量达271.2亿。全网各大平台热搜涌现，共计登榜话题数达1939个。春晚全媒体渠道的用户中，年轻 用户占比增加，达到41.82%，同比提升1.35个百分点。新质生产力相关节目提及度进一步提升，关联 AI、人形机器人等新质生产力内容的关注占比20.99%，同比提升5.4倍。 春晚海外传播效果大幅提升。总台通过85种语言对外传播平台向全球直播和报道春晚。CGTN(中国国 际电视台)春晚相关报道全球阅读量达23.09亿次，视频观看量8.43亿次，分别较去年增长32.85%、 43.61%。总台联动全球近4000家媒体对春晚进行同步直播和报道，同比增长37.95%。总台主办的"春晚 序曲全球看春晚"线下活动在美国、俄罗斯、法国、德国、意大利、新西兰、巴西、埃及等多个国家举 办。全球98个国家、140座城市的4062块公共大屏直播和宣介总台春晚，覆盖国家数和屏幕数较去年分 别增长12.6%和15.8%。其中，春晚英、西、法、阿、俄五种语言宣传片首次同步亮相联合国日内瓦办 事处万国宫，将"骐骥驰骋"的新春祝福传递给全 ...