Morgan Stanley raises PT on Alphabet (GOOGL.O) to $415 from $375.

CITIC Securities research says market attention is on commercial deployment of humanoid robots after Figure03 entered a BMW factory; leading vendors are accelerating industrial use cases. As robot generalization rises, deployment scenarios should broaden and 2026 could be a peak year for vertical humanoid applications. The report calls physical AI the next wave of AI and says robots are among the best physical carriers. Tesla’s Optimus mass production is approaching; recent supply‑chain guidance on production scale has become clearer and the ramp is being externally validated—upcoming V3 product launches and further production progress warrant close monitoring. Ongoing IPO activity among domestic robot firms may prompt a hardware valuation re‑rating; CITIC expects sustained sector catalysts over the next quarter and recommends concentrating on high‑quality segments.

European Commission spokesperson said retaining a single tax is vital to protecting the integrity of the Single Market.