U.S.-China trade progress
Trump described broad agreement and a negotiated reset, and He Lifeng said the high-level talks made substantive progress and reached important consensus.
May 11, 2025 · QQQ/SPY Market Review · 9 headlines
U.S. markets were closed Sunday. Trump described the China meeting as producing broad agreement and a negotiated reset, while Vice Premier He Lifeng said the talks made substantive progress and reached important consensus. Other headlines included an India-Pakistan ceasefire, Apple's reported second-half 2026 supplier target for a large foldable iPhone, and OpenAI-Microsoft contract talks covering equity, post-2030 model access and a possible future IPO.
Published
Trump described broad agreement and a negotiated reset, and He Lifeng said the high-level talks made substantive progress and reached important consensus.
Supply-chain sources said Apple set a second-half 2026 supplier shipping target for its first large foldable iPhone.
The India-Pakistan ceasefire reduced an immediate geopolitical risk, while OpenAI and Microsoft were reported to be renegotiating equity and long-term model-access terms.
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