美国时间8月21日，2025年全美芬太尼预防和认识日活动在纽约时代广场举行，以纪念因非法芬太尼中毒而丧生的人。 正是这样一颗不到1美元的药物，造成死亡的人数比美军在越南、伊拉克和阿富汗的军事伤亡人数总和还要高。 而芬太尼泛滥的背后也是美国社会崩塌的加速剂。它改变了美国的家庭结构、执法机构、医疗体系，甚至影响了总统竞选的话语权。 本篇文章我们就来聊聊芬太尼到底是什么？它是如何占领美国的？又为什么根除它，几乎不可能？ 一、一线之隔芬太尼的黑白两面 首先，需要明确"药物"芬太尼和毒品的定义有何异同。 所谓芬太尼、奥施康定、美沙酮等"商品名"虽然五花八门，但背后都共享同样的药理：通过作用大脑中的"阿片受体"，尤其是μ受体，从而影响我们的疼 痛感知、愉悦感受和情绪反应。 李晋博士（副主任药师，硕士生导师，广州和睦家医院药剂科主任）： 芬太尼最主要是因为激活大脑的阿片受体，能够触发多巴胺的大量释放，通过这种释放来产生强烈的欣快感，甚至也有可能致幻。 芬太尼作为药物常被用于镇痛。与其他普通镇痛药相比，阿片类药物直接作用到大脑、脊髓等中枢神经系统，能给大脑带来一种极强的镇痛效果和快感。 如果说布洛芬是调低了疼痛感的"音量旋钮 ...

美国时间8月21日，2025年全美芬太尼预防和认识日活动在纽约时代广场举行，以纪念因非法芬太尼中毒而丧生的人。 正是这样一颗不到1美元的药物，造成死亡的人数比美军在越南、伊拉克和阿富汗的军事伤亡人数总和还要高。 而芬太尼泛滥的背后也是美国社会崩塌的加速剂。它改变了美国的家庭结构、执法机构、医疗体系，甚至影响了总统竞选的话语权。 本篇文章我们就来聊聊芬太尼到底是什么？它是如何占领美国的？又为什么根除它，几乎不可能？ 01 一线之隔，芬太尼的黑白两面 首先，需要明确"药物"芬太尼和毒品的定义有何异同。 所谓芬太尼、奥施康定、美沙酮等"商品名"虽然五花八门，但背后都共享同样的药理：通过作用大脑中的"阿片受体"，尤其是μ受体，从而影响我们的疼 痛感知、愉悦感受和情绪反应。 李晋博士 副主任药师，硕士生导师 广州和睦家医院药剂科主任： 副主任药师，硕士生导师 广州和睦家医院药剂科主任： 阿片类这种药物是管控的麻醉药品，最主要的特点是停药以后会出现身体上的戒断症状，比如焦虑，有时还会出现疼痛、失眠等等，会形成心 理、生理的依赖性。 芬太尼最主要是因为激活大脑的阿片受体，能够触发多巴胺的大量释放，通过这种释放来产生强烈的欣 ...

Core Viewpoint - Fentanyl, a pharmaceutical painkiller, has transformed into a deadly drug that is devastating families and impacting the entire nation of the United States, revealing deep issues of corporate greed, regulatory failures, and political corruption [1] Group 1: Impact on Society - Fentanyl has caused more deaths than wars, highlighting a significant public health crisis [1] - The drug's proliferation is linked to the failures of pharmaceutical companies, regulatory bodies, and political lobbying [1] Group 2: Regulatory and Corporate Failures - The crisis began with Purdue Pharma's OxyContin and has been exacerbated by the FDA's "revolving door" corruption and Congress undermining the DEA's authority [1] - The intertwining of corporate interests and regulatory failures has led to a breakdown of societal defenses against drug abuse [1] Group 3: Current Trends and Future Outlook - Despite a rare decrease in overdose deaths in 2024, the long-term implications of this trend remain uncertain, raising questions about whether this is a sign of hope or merely a temporary relief [1] - The ongoing public health battle against fentanyl continues to seek effective solutions and remedies [1]

日本经济新闻在6月独家调查报道了走私合成毒品"芬太尼"原料的中国的组织在日本设置了据点。此次 进一步与欧美调查机构合作，通过追踪加密资产的流向及交易对象的信息后发现，该组织构建了跨越多 国的大规模非法交易网络…… 日本经济新闻调查获悉，在日本设立了据点的走私合成毒品"芬太尼"的组织构建了跨越多国的大规模非 法交易网络。日本经济新闻与欧美调查机构联手，通过追踪加密资产（虚拟货币）的流向及交易对象的 信息后发现了这一情况。除了墨西哥和美国的贩毒集团外，该组织的交易对象还涉及俄罗斯、澳大利 亚、印度等世界各地。 由日本Boss下达交易及洗钱指令 该组织从中国工厂对外输送作为芬太尼原料的化学物质。这一过程很可能利用了在国际毒品案件中很少 受到怀疑的"安全地带"日本，同时将日本作为集散配送及对资金管理进行指挥的活动基地。 中国芬太尼走私组织构建了跨越多国的非法交易网络 围绕药物走私的日本路线，美国禁毒署（DEA）已展开正式调查。涉及日本的芬太尼问题有可能发展 成大型国际毒品案件。 4成交易来自暗网卖家 在拥有良好口碑的金融交易数据分析公司、美国Chainalysis的协助下，日本经济新闻的采访组追踪分析 了打着该组织旗 ...

Core Viewpoint - Bellingcat's analysis indicates that a Chinese fentanyl smuggling organization has established a base in Japan, specifically in Nagoya, suggesting a connection between Japanese entities and Chinese drug networks [2][4][5]. Group 1 - Bellingcat found evidence that the Japanese corporation and the Chinese organization are part of the same international drug network, essentially operating as the same entity [4]. - The Japanese entity, FIRSKY Co., Ltd., was registered in Nagoya and is linked to activities involving the distribution and financial management of dangerous drugs [4][5]. - The investigation corroborates previous reports about the presence of Chinese organizations in Japan [5]. Group 2 - A Chinese chemical company from Wuhan, previously central to the organization, was prosecuted by the U.S., and its female executive was involved in establishing multiple websites related to the organization and FIRSKY [6]. - Data leaked to the dark web revealed that the Chinese organization and FIRSKY used similar methods for the illicit sale of dangerous drugs [6]. - Despite Japan's Finance Minister stating that no illegal fentanyl exports or imports were detected from 2018 to 2024, there have been instances of fentanyl precursor materials found in shipments to Japan from Mexico [6]. Group 3 - The U.S. Ambassador to Japan emphasized the importance of cooperation to prevent the transit and circulation of precursor substances through Japan, aiming to protect regional communities [6]. - The United Nations Office on Drugs and Crime (UNODC) is discussing the establishment of a working group involving Japan and other Asian countries to combat fentanyl smuggling [6]. - Bellingcat is recognized as a leader in open-source intelligence (OSINT) analysis, having recently published exclusive information regarding various global issues [6].

特朗普：墨西哥将继续支付25%的"芬太尼关税"，25%的汽车关税，50%的钢铁、铝和铜关税。 ...

Group 1: Tariff Measures and Economic Impact - Tariff measures in the U.S. saw a high start but began to cool down after April 9, leading to market perceptions of TACO [2] - Actual tariff revenue growth from January to May was 6.5%, significantly lower than the theoretical increase of 14.5%, due to China's strategies to reduce high-tariff imports and ineffective implementation of tariffs on Mexico and Canada [3][4] - The economic impact of tariffs was lower than expected, with stable export volumes from China and low inflation in the U.S. despite tariffs, attributed to lower effective tax rates and weak demand in the automotive market [5] Group 2: Mid-Year Earnings Preview - The overall economic growth remains constrained, with a pre-announcement rate of 43.7% for mid-year earnings, lower than the past three years, indicating a weak profit growth of 1.0% for the entire A-share market [8] - Emerging technology sectors are showing signs of improvement, particularly in high-tech industries like equipment manufacturing, while traditional sectors are lagging [9][10] - Certain cyclical industries, such as rare metals and chemicals, are experiencing price increases, and some sectors are showing signs of recovery in earnings due to capacity reductions [10] Group 3: Hong Kong Market Analysis - The Hong Kong stock market outperformed globally in the first half of the year but has shown weakness since late June, influenced by U.S. tariff policies and currency fluctuations [13][14] - Current market heat in Hong Kong is at historical mid-levels, with technology and financial sectors showing lower heat compared to A-shares, while healthcare and consumer sectors are performing better [14] - Positive factors are accumulating for the Hong Kong market, suggesting a potential outperformance against A-shares in the second half of the year, driven by consumption policies and foreign capital inflows [15]

1. Report Industry Investment Ratings No specific industry investment ratings are provided in the report. 2. Core Views of the Report - The market is influenced by various factors including geopolitical events, economic data, and supply - demand dynamics in different industries. For example, the potential change in the 20% tariff on Chinese goods due to the fentanyl issue between the US and China is worth attention [7]. - Different commodities have different trends. Some are expected to rise, some to fall, and some to move within a range. For instance, gold is expected to oscillate upward, while tin's price is weakening [14][35]. 3. Summary According to Relevant Catalogs 3.1 Fentanyl Issue - Trump believes China will soon sentence fentanyl traffickers to death and is optimistic about reaching an agreement on illegal drugs with China. However, the Chinese Foreign Ministry stated that the fentanyl problem is the US's own issue, and the US's imposition of tariffs on fentanyl has damaged Sino - US cooperation in the anti - drug field. The 20% tariff on Chinese goods due to the fentanyl issue remains in effect, and whether it will change is worthy of attention [7]. 3.2 Commodity Recommendations by the Director - **Bean Meal**: Since mid - July, the domestic bean meal futures have stopped falling earlier than US soybeans and broken through the technical resistance level. The reasons are the strong sentiment in the domestic commodity market and the low - valuation advantage of bean meal. Although the short - term fundamentals are weak, there are no additional negative impacts. Once the US soybean price recovers, the bean meal price will break through. After the current rally, there is a risk of a pullback, and attention should be paid to the fundamentals such as the trade agreement, US soybean weather, and the August USDA report [8][9]. - **Caustic Soda**: In the short term, the supply and demand of the caustic soda market have not changed much, with sufficient supply and increased shipments to major downstream industries. The spot has no upward momentum, and the futures have been weak in the past two days. In July, the maintenance capacity of caustic soda has decreased significantly compared to June, and new capacity of 1.1 million tons may be added in July - August. The new capacity pressure is basically digested by exports. The demand is in the off - season, but the cost is strongly supported by the weak liquid chlorine. It is recommended to participate in the 10 - 1 spread arbitrage [11]. 3.3 Commodity Research Morning Report - **Precious Metals**: Gold is expected to oscillate upward, and silver is expected to break through and rise. The trend intensity of both is 1 [14][18][23]. - **Base Metals**: - **Copper**: The good US economic data supports the copper price. The trend intensity is 0 [14][26][29]. - **Zinc**: It is expected to move within a range, with a trend intensity of 0 [14][30]. - **Lead**: The downside may be limited, with a trend intensity of 0 [14][32][33]. - **Tin**: The price is weakening, with a trend intensity of - 1 [14][35][39]. - **Aluminum**: Attention should be paid to the marginal change in inventory. The trend intensity is 0. Alumina is expected to oscillate strongly with a trend intensity of 1, and cast aluminum alloy is weaker than electrolytic aluminum with a trend intensity of 0 [14][40][42]. - **Nickel**: The news affects market sentiment, and the fundamentals are under pressure. The trend intensity is 0. Stainless steel is in a game between reality and macro factors, and the steel price oscillates. The trend intensity is 0 [14][43][47]. - **Energy and Chemicals**: - **Carbonate Lithium**: Supply - side disturbances have emerged again, and the short - term trend may be strong. The trend intensity is 1 [14][48][50]. - **Industrial Silicon**: Warehouse receipts are accumulating, and attention should be paid to market sentiment. The trend intensity is 0. Polysilicon's futures may rise and then fall, with a trend intensity of 0 [14][51][55]. - **Iron Ore**: Supported by macro expectations, it oscillates strongly. The trend intensity is 0 [14][56]. - **Rebar and Hot - Rolled Coil**: The market sentiment remains strong, and they oscillate widely. The trend intensity of both is 1 [14][59][61]. - **Silicon Ferrosilicon and Manganese Silicide**: The steel procurement sentiment remains strong, and they oscillate widely. The trend intensity of both is 0 [14][63][65]. - **Coke and Coking Coal**: Coke has completed the first round of price increase and oscillates widely. The trend intensity is 0. Coking coal oscillates widely, and the trend intensity is 1 [14][66][68]. - **Steam Coal**: The daily consumption is recovering, and it oscillates and stabilizes. The trend intensity is 0 [14][70][73]. - **Log**: It oscillates widely [74].

7月17日，外交部发言人林剑主持例行记者会。 路透社记者提问，美国总统特朗普周三表示，他认为中国将很快对制造和分销芬太尼的人判处死刑。中方 对此言论有何回应？ 责编： 王璐璐 校对：廖胜超 百万用户都在看 特朗普，重磅利好！突然，暴涨超45%！ 利好来了！集体宣布：上调！ 见证历史！暴跌19.4%！ 事关降息！美联储，重磅传来！ 刚刚，突传利好！美国、欧盟，大消息！ 林剑表示，我们多次表明， 芬太尼是美国的问题，不是中国的问题，责任在美国自身。 美方无视中方的 善意，执意对中国加征芬太尼关税，这严重冲击中美在禁毒领域的对话与合作，也严重损害中方利益。 "美国如果真心想同中国合作，就应正视客观事实，以平等、尊重、互惠的方式同中方对话。"林剑说。 来源：央视新闻 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com ...

美国关税战的又一个受害者出现了。 400%听上去也未免太夸张了，那么特朗普是怎么得出这个数据的呢？原来啊，在美墨加协定中，美国乳制品有出口一部分免征配额，只要不超出这个范 围，就是零关税；可一旦超出，就会面临额外的高额关税。 继日韩和菲律宾后，特朗普又给加拿大发了关税信，说是要向他们征收35%的关税。在美国的主要西方盟友中，加拿大面临的关税是目前最高的一档。 特朗普在关税信中写道，加拿大本该与美国好好合作，尽快达成贸易协议，但他们偏偏选择了对美国进行报复，这不是盟友该做的。如果这次加拿大还不长 记性，他们加多少关税，美国就在35%的基础上加多少。 这一段和发给其他国家的关税信内容大差不差，只是把数字换了。除此之外，特朗普还加入了新的内容，他表示，加拿大打击芬太尼的力度不够，还对美国 乳制品征收400%的关税，这是绝对不能容忍的。 至于芬太尼，加拿大确实负有一定责任，但根源还是在美国。美国人如果不嗑药，芬太尼就算流入也没有市场。且自从特朗普发话后，加拿大和墨西哥已经 很努力地在打击本国的芬太尼走私活动了，完全绝迹当然不可能，起码取得了一定成效。 由此可见，特朗普对加拿大的一系列征税理由都站不住脚，纯粹是为了报复 ...