Trump Turns to Bonds, Vape Firms Shift Tactics After FDA Crackdown, and DeepSeek Races Ahead with New AI Model
Trump Turns to Bonds, Vape Firms Shift Tactics After FDA Crackdown, and DeepSeek Races Ahead with New AI Model
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Smokescreen: some vape firms pivot after FDA crackdown
Some e-cigarette companies targeted by U.S. authorities have altered their business model or changed their corporate structure, including by transferring operations to offshore firms, according to a U.S. regulator and representatives of two companies. Such tactics have complicated U.S. efforts to stem the flow of vapes lacking authorisation into the country, according to the U.S. Food and Drug Administration. "The FDA is aware of, and closely monitoring, instances in which companies attempt to change the labeling of illegally marketed products, or the structure of their business, to avoid detection," it said.
DeepSeek rushes to launch new AI model as China goes all in
DeepSeek is looking to press home its advantage. The startup triggered a $1 trillion-plus sell-off in global equities markets last month with a cut-price AI reasoning model that outperformed many Western competitors. Now, the company is accelerating the launch of the successor to January's R1 model, according to three people familiar with the company. Deepseek had planned to release R2 in early May but now wants it out as early as possible, two of them said, without providing specifics. The company says it hopes the new model will produce better coding and be able to reason in languages beyond English.
COLUMN-Forget stock tweets, Trump 2.0 is watching bonds: McGeever
In U.S. President Trump's first term in office, he regularly posted boastful tweets when Wall Street hit fresh highs, taking credit for the record stock prices that he believed would fuel wider economic growth. But this time around, it is not the stock market that Trump is looking at as the primary gauge of U.S. consumer well-being and economic strength. It is the bond market, and specifically, longer-term borrowing costs. In a note last week, JP Morgan analyst Antonin Delair compared Trump's 3,803 social media posts on 'market-relevant topics' in his first term with the 126 since his victory.
