Core Insights - Airbus has confirmed it will release audited end-year commercial data on January 12, indicating confidence in its revised delivery target of "around 790" aircraft [1] Group 1 - Airbus is set to issue audited end-year commercial data, which reflects a positive outlook for the company [1] - The revised target for aircraft deliveries stands at approximately 790, suggesting a strategic adjustment in operational goals [1]

Group 1 - The US labor board is dropping a complaint against SpaceX regarding its severance and arbitration policies, marking a significant development in the ongoing legal disputes between the agency and the aerospace company [1][3] - The NLRB's complaint, which originated from its Seattle office in March 2024, claimed that SpaceX's severance and arbitration agreements contained coercive confidentiality rules [2] - The NLRB has also reconsidered a separate complaint from California, indicating potential jurisdictional issues, which could further benefit SpaceX [3] Group 2 - The NLRB's acting general counsel, William Cowen, stated that the agency decided not to pursue the SpaceX confidentiality complaint as it was not deemed the right case to bring before the US Supreme Court [5] - Other companies, including Amazon, have initiated similar legal challenges against the NLRB, reflecting a broader trend in the industry [4] - The NLRB has recently shifted its focus under Cowen, withdrawing from several high-profile cases initiated by previous leadership [8]

Core Viewpoint - FTAI Aviation has launched FTAI Power, a venture that converts CFM56 aircraft engines into 25-megawatt power turbines, leading to a surge in its stock price to a record high [1] Group 1: Company Developments - FTAI Power aims to manufacture over 100 power turbines annually starting in 2026, transforming existing assets into energy capacity [1] - The company is leveraging its maintenance expertise to address a global power shortfall, positioning itself as a rapid-response partner for the AI economy [2][3] - FTAI Aviation has a market capitalization of nearly $20.18 billion and has seen its stock price increase by 55.61% over the past year [5] Group 2: Financial Performance - FTAI's stock rose approximately 14.4% in a single session, reaching a 52-week high of $199.88 [3] - The company has raised its quarterly dividend to $0.35 per share from $0.30, supported by strong free cash flow [6] - FTAI currently trades at 7.9 times sales, above the industry average and its own five-year norm, indicating strong market confidence in its growth potential [6]

Core Insights - The article discusses the rapid development of the low-altitude economy in China, highlighting the government's initiatives to foster new application scenarios and the emergence of innovative technologies in this sector [1][4][8] Group 1: Government Initiatives - The State Council has issued implementation opinions to accelerate the cultivation and opening of new application scenarios, focusing on 22 key areas, including the low-altitude economy [1] - In the "14th Five-Year Plan," the low-altitude economy is identified as a strategic emerging industry cluster that requires accelerated development [4] - Multiple government departments have encouraged the orderly development of drone transportation and last-mile delivery, emphasizing the need for private capital to participate in infrastructure construction [4] Group 2: Technological Advancements - A team from Su Huai Zhong has developed a fully domestically produced large drone for cargo transport, showcasing the maturity of China's aviation industry chain [3] - The Wing Loong-2H, a domestically developed large fixed-wing drone, is capable of performing precise weather modification tasks, demonstrating the versatility of drone technology [4] - Innovations such as the tethered drone fire truck in Zhuzhou combine drone technology with specialized vehicles, effectively addressing challenges in high-rise firefighting [7] Group 3: Application Scenarios - The low-altitude economy is integrating into various aspects of daily life, from logistics and aerial inspections to emergency rescue operations, indicating the formation of a trillion-yuan new economic model [8] - The use of drones in emergency situations, such as the deployment of drones for firefighting in Sichuan, illustrates the practical applications of this technology in crisis management [6] - The article emphasizes the shift from technology supply to demand-driven innovation, highlighting the emergence of new projects and application scenarios across the country [8]

Market Overview - U.S. financial markets closed on January 1st, 2026, for New Year's Day, with trading resuming on January 2nd, 2026, allowing investors to reflect on a strong 2025 and strategize for the new year [1] - The final trading day of 2025 saw a modest decline in U.S. equities, with major indexes still concluding the year with impressive double-digit gains driven by optimism around artificial intelligence and strong corporate profits [2] Index Performance - On December 31st, the S&P 500 fell 0.7% to close at 6,845.50, the Nasdaq Composite dipped 0.8% to 23,241.99, and the Dow Jones Industrial Average decreased by 0.6% to 48,063.29, with light trading volume as many institutional investors had closed their books for the year [3] - The S&P 500 surged over 16% in 2025, marking its third consecutive year of double-digit gains and setting 39 record highs, while the Nasdaq Composite gained 20.4% and the Dow Jones climbed 13% [4] Economic Indicators - Investors will focus on key economic data releases in early January 2026, including the Construction Spending report, ISM Manufacturing Index, and Employment Situation Report, which will provide insights into the U.S. economy and influence market sentiment and Federal Reserve policy [5][6] Company News - Meta Platforms (META) shares rose by 1.1% following its acquisition of AI startup Manus, highlighting the strategic importance of AI for tech giants [8] - Intel (INTC) shares gained 1.7% after NVIDIA Corporation (NVDA) completed a $5 billion investment in the chipmaker, emphasizing partnerships within the semiconductor industry [8] - Boeing Company (BA) saw a 0.6% increase in stock after securing an $8.58 billion U.S. Air Force contract [8] - Citigroup Inc. (C) shares fell 0.8% after approving the sale of its Russian unit, expected to result in a $1.2 billion pre-tax loss [12] - Nike (NKE) advanced 4.1% after its CEO purchased approximately $1 million worth of shares, signaling confidence in the company's future [12] AI Sector Performance - AI-related firms had significant gains in 2025, with Micron Technology (MU) up 239%, Palantir (PLTR) up 135%, Advanced Micro Devices (AMD) up 77%, and Alphabet (GOOGL) up 65% [12] - Despite strong annual performance, Micron was one of the worst-performing stocks on December 31st, down 2.5% [12]

科技为国而商，为需而兴——2025年中国商业科技的发展与2026年展望 崔传刚 新经济学家智库特约研究员 2025年，由中美主导的全球商业科技竞争，已经进入"近身博弈"的深化期，与此同时，中国科创力量在商业化赛道的强势崛起，正成为重塑全球产业格局 的关键变量。从人工智能大模型的规模化落地到人形机器人产业的场景渗透，从商业航天的规模化运营到"太空经济"的多元探索，以至于半导体芯片的自 主突破与光刻机的技术攻坚，中国的商业科技产业正在以一种"技术突破—场景验证—商业变现"的闭环发展模式，勾勒出前途远大的发展图景。 在这一年，中国的商业科技与实体经济持续深度融合，既加速推动了新质生产力的形成、夯实了中国的硬经济根基，更鲜明呈现出一种核心趋势：中国科 技商业化的进程不再仅局限于单纯经济价值的创造，而是已然与国家的战略需求形成高度协同。在一系列的关键领域，科技商业化和国家战略已形成 了"产业赋能国家、国家支撑产业"的良性互动态势，商业价值的创造与国家利益的增进正变得越发同步。 这一趋势，可以说是全球科技竞争逻辑演变的一种必然结果，同时也深受各国产业发展的客观差异影响。 来源：经济学家圈 从国际视野看，科技中立主义正日渐 ...

当日上午，峰飞"凯瑞鸥"吨级物流飞行器与亿航EH216-S无人驾驶载人航空器从海口明珠岛升空，向广 东湛江徐闻港平稳进发。在复杂海洋气象条件下，飞行器凭借精准导航与稳定控制系统，历时10多分钟成功 跨越琼州海峡，完成全国首例吨级无人驾驶航空器跨海和无人机场景应用演示系列验证。 文/海南日报全媒体记者 邵长春 图/海南日报全媒体记者 袁琛 2025年12月31日，海南自贸港"向天图强"首例吨级无人驾驶航空器跨海峡低空飞行暨无人机场景应用演 示系列活动在海口举行。 通讯员 李坤东 ...

Core Viewpoint - Air China has entered into an agreement to purchase 60 Airbus A320NEO series aircraft, with a total list price of approximately $9.53 billion, benefiting from significant price concessions from Airbus [1] Group 1: Aircraft Purchase Agreement - The agreement involves the purchase of 60 Airbus A320NEO series aircraft from Airbus [1] - The total list price for the aircraft is approximately $9.53 billion [1] - Airbus has provided considerable price concessions, which will be in the form of credit memoranda that can be applied towards the final payment or used for purchasing goods and services from Airbus [1] - The actual consideration for the aircraft purchase will be lower than the list price due to these negotiated concessions [1]

Group 1 - Plug Power plans to grow its revenue by 30% annually from 2025 to 2030, with Wall Street projecting $2.1 billion in revenue and profitability in 2030 [1] - Lucid Group has two of the top 10 electric vehicles according to Car & Driver and is financially backed by the Saudi Arabian Public Investment Fund, its majority shareholder [2] - Boeing is expected to earn its first profit after eight years of losses as it recovers from issues with the 787 Dreamliner and other projects, indicating a potential turnaround [3] Group 2 - Despite the optimistic projections for Plug Power, Lucid Group, and Boeing, the analysis suggests these companies may not be good investment choices, with a higher risk of significant losses [4] - Plug Power is viewed as the weakest among the three, with a history of failing to meet its promises and delivering disappointing results [5][6] - Boeing, while having the most potential for recovery, is still experiencing a long-term decline, raising concerns about its future performance [5]

Core Viewpoint - Firefly Aerospace Inc. is facing a class action lawsuit due to alleged violations of securities laws related to its IPO and subsequent financial disclosures, which reportedly misrepresented the company's operational readiness and financial performance [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Diamond v. Firefly Aerospace Inc. and involves claims against the company and its executives for misleading statements made during the IPO and throughout the class period from August 7, 2025, to September 29, 2025 [1][3]. - The lawsuit alleges that Firefly Aerospace overstated demand for its Spacecraft Solutions and the viability of its Alpha rocket program, which could have a significant negative impact on the company once revealed [3][4]. Group 2: Financial Performance - Firefly Aerospace reported a loss of $80.3 million for Q2 2025, an increase from a loss of $58.7 million in Q2 2024, and revenue of $15.55 million, which was below analyst expectations of $17.25 million and a 26.2% decrease from the previous year [4]. - The company's Spacecraft Solutions segment reported revenue of only $9.2 million, reflecting a 49% year-over-year decline, contributing to a significant drop in share price of over 15% following the earnings report [4]. Group 3: Subsequent Developments - On September 29, 2025, Firefly Aerospace disclosed an incident involving the loss of the first stage of its Alpha Flight 7 rocket, which led to a further decline in share price of more than 20% [5].