Key News
1. Trump: The United States and Iran have had very good and productive talks over the past two days. I have instructed the U.S. Department of Defense to postpone any military strikes against Iranian power plants and energy infrastructure for five days, provided that the current talks and consultations are successful.
2. According to Iran's Tasnim News Agency: A senior Iranian security official stated that no negotiations have been held to date, and there are currently no negotiations.
Individual Stock News
1. Costco (COST.O) plans to open its first standalone gas station in Mission Viejo, California in June.
2. STMicroelectronics (STM.N): Has partnered with Hua Hong Semiconductor to begin delivering STM32 wafers to Chinese customers.
3. WeRide (WRD.O): Fourth-quarter revenue was RMB 314 million, exceeding the estimated RMB 241 million; net loss was RMB 556.1 million.
4. Market News: Novartis (NVS.N) will present updated data on early symptom relief and long-term control of complex skin diseases at the 2026 American Academy of Dermatology Annual Meeting.
5. Anne Tse, CEO of PepsiCo (PEP.O) Asia Pacific, stated that the company is mitigating geopolitical and cost pressures through 95% local sourcing of raw materials and hedging strategies.
6. Market News: South Korean AI startup Upstage is in talks with AMD (AMD.O) to purchase 10,000 of its latest AI accelerators, bringing large-scale computing to South Korea.
7. Elon Musk announced plans to build two advanced chip factories at a large facility in Austin, Texas. One will provide computing power for cars and humanoid robots, while the other will supply chips for AI data centers deployed in space.
