Markets

BGC Group launched FMX Futures Exchange on May 18, 2025, introducing 2- and 5-year U.S. Treasury futures with ten top institutions. Partnering with LCH Limited enables cross-margining efficiencies, integrating BGC’s existing cash Treasuries and FX platforms to create a multi-asset risk management ecosystem. The move angles to challenge CME’s dominance (85% market share) by offering tech-driven pricing and algorithmic tools, while addressing regulatory scrutiny of vertically integrated exchanges. With 17 asset classes and 2,000+ global institutions, the Infrastructure & Exchanges segment now underpins BGC’s Q2 earnings outlook.

DJI unveils the Mavic 4 Pro, featuring a groundbreaking 360-degree rotating gimbal, a 100MP Hasselblad camera, 51-minute battery life, and advanced obstacle avoidance. While launched globally at ¥13,888, the U.S. market faces exclusion due to escalating trade barriers, tariffs, and political scrutiny, including FCC restrictions and potential Senate legislation banning civilian sales. With tariffs inflating repair costs and distribution challenges, American consumers confront prolonged delays, while DJI navigates geopolitical tensions threatening its dominance in a market contributing ~30% of global drone revenue.

The Tianshan Grand Canyon Road (Duku Highway) will reopen to travelers from June to October 2025, following completion of snow removal and infrastructure maintenance. Spanning 561 kilometers between the Tianshan Mountains’ northern foothills and Kuqa Oasis, the engineering marvel traverses dramatic landscapes featuring snow peaks, forests, lakes, and deserts. Maintenance crews overcome extreme challenges, including 2-meter snow piles, spring snowstorms, and elevation-driven geological risks. With 95% of critical southern corridor work finished, authorities aim to balance tourist access with infrastructure resilience against the region’s volatile climate.

Innovent Biologics released its 2024 ESG Report outlining a five-pillar strategy—Excellent Governance, Advancing Public Health, Uncompromising Quality, Empowering Talent, and Sustainable Ecology. Achieving an MSCI AAA ESG rating (the only Chinese biotech recipient), it aligned with UN SDGs, expanded board diversity, and distributed RMB 3.6 billion in medicines to 200,000+ patients. The company maintained 100% GMP compliance, reduced energy use by 29%, saved 51,100 tons of water annually, and achieved 96.8% employee retention with 44.2% women in management roles. Its pipeline includes 13 orphan drugs and three New Drug Applications under review, underscoring its dual focus on innovation and sustainability.

TikTok’s “Goose Banquet Group Dining” trend sparked debates on content moderation after viral videos disguised coordinated financial services ads, including unregulated loans. Platforms removed content via AI audits, restricted accounts, and pledged AI-human collaboration to counter algorithmic manipulation. The incident highlights challenges in governing Web3.0 ecosystems, with industry studies noting $3.5B yearly ad losses from fake engagement and significant trust erosion risks.

A federal jury in Santa Ana ruled in favor of medical device reprocessor Innovative Health in its antitrust case against Johnson & Johnson, finding subsidiary Biosense Webster illegally withheld clinical support from hospitals using reprocessed single-use devices (SUDs). The verdict affirms hospitals’ legal right to adopt FDA-regulated SUDs, promoting cost efficiency, sustainability, and fair competition while challenging anticompetitive tactics by original equipment manufacturers. The outcome is seen as a catalyst to dismantle practices inflating healthcare costs and stifling innovation.

Savara Inc. announced positive Phase 3 trial results for molgramostim in autoimmune pulmonary alveolar proteinosis (aPAP) at ATS 2025. In 157 patients, the therapy significantly reduced radiological surfactant burden (mean GGO score decrease 2.1 vs. 1.1; P=0.0004) and need for rescue whole-lung lavage (7.4% vs. 13.3%). Molgramostim improved respiratory quality of life metrics (St. George’s Respiratory Questionnaire, P=0.0084) and reduced breathing difficulties (P=0.0305 and P=0.0049 at Weeks 24/48). By addressing impaired GM-CSF signaling, this inhaled therapy could redefine aPAP treatment, offering a non-invasive alternative to current procedures. Trial data supports future regulatory submissions for rare disease approval pathways.

Warren Buffett, 94, steps back from public investing as developer Virattt launches “AI Hedge Fund,” an open-source simulator channeling strategies from nine legendary investors, including Buffett’s value principles and Graham’s frameworks. Tests showed a 14% return from a simulated $1M AAPL short (April 30-May 5) but mixed accuracy across FAANG+Tesla stocks (80% for single strategies, 60% for hybrid models). While praised for educational transparency in exposing financial metrics, the platform warns against commercial use due to data costs, model inconsistencies, and risks of algorithmic overreliance. LLM-based committee hybrids face alignment challenges, echoing historical quant fund pitfalls.

The Volvo Group mourns Andrea Fuder, Chief Purchasing Officer and Executive Board member since 2017, who passed away following a short illness. She drove transformative procurement strategies, navigating pandemic supply chain crises, semiconductor shortages, and geopolitical trade challenges while advancing Volvo’s carbon-neutral transportation goals through strategic supplier partnerships. CEO Martin Lundstedt praised her legacy of turning obstacles into progress, noting a significant void in leadership. Jens Holtinger, Executive Vice President of Group Trucks Operations, assumes the Acting Chief Purchasing Officer role. Volvo continues expanding its $48 billion market presence across 190 countries, leveraging 100,000 employees to pursue its Vision 2030 sustainability platform.

Hardcore fighting game players live by split-second precision, where victory hinges on microsecond-level execution. EightBitDo’s official Xbox Tenkeyless Starfight Joystick delivers frame-perfect control via Kailh’s ultra-responsive 0.8ms optical switches and full-digital signal architecture eliminating latency. Sporteting a 16mm, 478g portable design tested to withstand 200,000+ hours, it offers tournament mode reducing input errors by 72%, RGB customization, and hot-swappable switches for personalized mechanics. Priced RMB 499-599 with EVO 2025 pre-qualifier certification, its Xbox Wireless/Bluetooth dual connectivity and Elite Software compatibility with over 300 combo-frame titles positions EightBitDo as a challenger to premium brands while redefining competitive play standards across modern ecosystems.