Markets

Minjee Lee secured her third major championship at the KPMG Women’s PGA Championship using Callaway equipment. Her winning performance featured an Elyte Driver, Chrome Tour X Golf Ball, and Odyssey Ai-ONE putter. Callaway was the leading driver brand, with the Chrome Tour X ball playing a crucial role. The victory adds to the Chrome Tour’s major wins, showcasing Callaway’s dominance in professional golf.

Alibaba Group CEO announced Ele.me and Fliggy’s immediate integration into the China Digital Commerce Group, aiming to become a comprehensive consumer platform. While maintaining operational independence, they will align with the Group’s goals. This strategic move leverages the success of Taobao Flash Sale, which has seen significant growth and high fulfillment rates, especially during the 618 shopping festival. The consolidation is expected to enhance Alibaba’s consumer services and potentially reshape the retail landscape.

HFI Innovation, a MediaTek subsidiary, has sued five Huawei subsidiaries in Europe’s UPC, alleging infringement of a key LTE patent. This follows Huawei’s earlier lawsuits against MediaTek in China and the UK, along with counter-suits from MediaTek. The disputes involve 4G/5G patents and FRAND rate negotiations, highlighting the intensifying patent battles and the importance of intellectual property in the telecom industry.

Moonshot AI launched Kimi-Researcher, its first autonomous AI agent, currently in beta. Built on end-to-end agentic RL, Kimi-Researcher surpasses leading models like Claude 4 Opus and Gemini 2.5 Pro in internal tests, demonstrating strong autonomy and zero-structure adaptability. The agent independently manages research tasks, navigates conflicting information, and prioritizes accurate results. Moonshot AI plans to open-source key components to further accelerate advancements in agentic RL.

Loop Industries announced a $1.5 million engineering services agreement with ELITe, its Indian joint venture, to support the construction of its Infinite Loop™ India facility. The deal follows a completed initial agreement and highlights engineering services as a key revenue source. Loop is also pursuing off-take agreements with major brands for the India JV to solidify its position in sustainable materials. Ground-breaking is anticipated in the latter half of 2025.

A video shows an SUV drifting recklessly on Xinjiang’s Sayram Lake grasslands, causing environmental damage. The incident, lasting about 40 minutes, resulted in turf tearing and soil compaction. Park officials have located the owner and will issue penalties, estimating damages between 70,000 and 200,000 yuan for ecological restoration. The event highlights the ongoing challenge of preserving fragile natural environments despite regulations against off-road activities.

Tigo Energy and BayWa r.e. will co-exhibit at ASEAN Sustainable Energy Week 2025 in Bangkok, Thailand. They will showcase solar solutions for C&I installers and EPCs, focusing on rapid shutdown regulations, high-wattage modules, and Total Quality Solar. Tigo’s TS4-X MLPE devices will be highlighted, offering optimization, monitoring, and safety features for Southeast Asia’s demanding climate. The Green Glove service program will also be promoted to support C&I system installers.

Molecular Partners, in collaboration with Orano Med, is advancing its Radio-DARPin candidate, MP0726, which targets mesothelin (MSLN) for ovarian cancer treatment. Preclinical data reveals promising tumor accumulation and favorable biodistribution, including a high tumor-to-kidney ratio. The program leverages Molecular Partners’ Radio-DARPin platform, designed to improve the delivery of radioactive payloads to solid tumors. MP0726’s preclinical data is to be presented at the 2025 SNMMI Annual Meeting.

Lilly announced positive Phase 3 trial results for once-weekly insulin efsitora alfa (efsitora) in adults with type 2 diabetes. The QWINT-1, QWINT-3, and QWINT-4 trials demonstrated non-inferior A1C reduction compared to daily basal insulin. The company plans to submit efsitora for regulatory review by the end of the year.

BYD, a leading Chinese EV maker, is expanding globally by significantly investing in its car carrier fleet. The company has received its fifth carrier, “Xi’an,” and the “Changsha” is set to launch, both with a capacity of 9,200 vehicles. This builds on existing vessels, supporting BYD’s strong export growth, with exports up 133.8% year-over-year in April and exceeding 293,000 units cumulatively for the first four months, solidifying its position in the competitive EV market.