Novartis will pay $500 million upfront and up to $7.3 billion in milestones to license an mRNA-based autoimmune therapy from China's Abogen Biosciences, marking one of the largest biotech deals involving a Chinese company.
US President Donald Trump warned Chinese President Xi Jinping against providing support to Iran during their Washington summit and received assurances that China would not do so, according to US Ambassador David Perdue. The warning came amid reports China had supplied Iran with missile launchers.
Chinese regulators are putting the brakes on a wave of humanoid robot companies seeking public listings, scrutinizing whether soaring valuations and revenue tied to state-backed projects reflect genuine commercial demand. Global humanoid robot sales reached 7,000 units last year.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet Sunday to negotiate potential agreements on AI, tariffs, and critical minerals ahead of a high-stakes Washington summit.
China's state television affiliate warned that Anthropic's privacy policy revisions increase risks to user data by allowing information sharing with US intelligence agencies when the company deems it necessary, without requiring legal process.
Speaker Mike Johnson said Congress won't lead on AI regulation and rejected calls for a development moratorium, arguing AI companies should take responsibility for safety while warning against ceding ground to China.
Chinese President Xi Jinping arrived in Egypt for his first visit in a decade, calling for a new Middle East security framework and urging regional nations to oppose external interference. The visit comes as China seeks to expand its role in the region amid the US-Iran conflict.
Flash floods triggered by a glacier collapse on the Nepal-China border have killed at least 353 people with more than 1,300 missing. Rescue teams and military helicopters are searching for survivors along the mountainous border region.
Microsoft co-founder Bill Gates published a 5,784-word essay warning that AI has passed critical safety thresholds with no coordinated plan to address risks to employment, security, and society. Gates, previously an AI optimist, now expresses deep pessimism and plans to discuss policy ideas with China's Xi Jinping.
China's Huawei Technologies has submitted a proposal to the Egyptian government to build AI data centers for military, surveillance, and public sector applications. The move has drawn alarm in Washington, where officials are working to assemble a counter-offer.
Chinese dissident artist Gao Zhen, known for satirical sculptures of former leader Mao Zedong, was sentenced to the maximum three years in prison for 'defaming national heroes and martyrs' after a secret one-day trial.
Security researchers report that Chinese hackers are ramping up attacks after integrating DeepSeek and other open-source AI models into their operations, demonstrating how basic AI tools can be weaponized for offensive cyber operations.
The U.S. is set to impose an additional 7.5% tariff on Chinese goods over allegations of industrial overcapacity before a planned summit between Xi Jinping and Donald Trump next month, according to sources familiar with the matter.
People claiming to be BitMart employees took control of the exchange's Chinese X account, demanding the CEO provide answers by August 19 about frozen user funds and unpaid wages after the exchange shut down.
Hugging Face CEO Clément Delangue stated that China is winning the artificial intelligence race with open-weight models and could catch up to US model makers as soon as this year, following the recent OpenAI security breach affecting his platform.
The Trump administration is planning targeted bans on specific Chinese AI models rather than implementing blanket restrictions on open-weight models. The decision follows public pressure and an open letter from OpenAI and Google DeepMind opposing broad regulation.
AstraZeneca will pay Dizal Pharmaceutical $600 million upfront for global rights to a lung cancer drug, with total deal value reaching $1.5 billion including milestone payments. The drug is commercial-ready and adds to AstraZeneca's oncology franchise.
Chinese startup Dongfang Suanxin (DFSX) unveiled its self-designed DF1000 artificial intelligence chip in Shanghai, marking a significant step in China's efforts to develop domestic AI chip capabilities amid US export restrictions.
An opinion article in China's Supreme People's Procuratorate newspaper outlined a framework for prosecuting crypto money laundering, including presuming criminal intent when mixers or privacy coins are used.
Chinese AI models from companies like DeepSeek and Z.ai are gaining traction among U.S. companies, now representing over 30% of traffic on OpenRouter, as they cost significantly less than OpenAI and Anthropic while narrowing the performance gap.
GLP-1 drugs from Pfizer and Innovent Biologics have cleared preliminary review to potentially be included in China's basic medical insurance drug catalogue, which would expand access to these treatments.
A small aircraft crashed into Beijing's CITIC Tower, the city's tallest building at 109 stories, causing damage and evacuations. The incident raises questions about how the plane could have flown into the heavily fortified Chinese capital.
Tencent Holdings has begun testing a new AI assistant for WeChat as part of efforts to catch up with competitors in China's AI race. The integration brings AI capabilities to one of the world's largest messaging platforms with over a billion users.
Chinese AI startup Z.ai (formerly Zhipu AI) has released GLM-5.2, a 753-billion parameter open-weight language model that achieved the highest score (51) among open models on the Artificial Analysis Intelligence Index and reportedly outperforms GPT-5.5 on long-horizon coding benchmarks at one-sixth the cost. The model features a 1-million token context window and is available under MIT license on Hugging Face.
SpaceX made the largest stock market debut in history with a valuation exceeding $1.77 trillion, making CEO Elon Musk the world's first trillionaire. The IPO marks a major milestone after nearly 25 years as a private company, though Chinese investors were banned from participating.
Taiwan's coast guard pledged to expel Chinese vessels after China completed a multi-day maritime patrol off Taiwan's eastern shores, marking the first time Beijing has questioned foreign commercial ships in the area and asserted jurisdiction over these waters.
Federal authorities seized over a dozen internet domains tied to fake consulting firms that were allegedly used by suspected Chinese intelligence operatives to recruit current and former US government and military employees with security clearances.
French President Emmanuel Macron convened a video conference between G7 countries and China to address global economic imbalances, as the G7 summit pivots away from a single overarching statement toward separate policy declarations on topics including critical minerals and cancer research.
China is constructing a structure at the disputed Scarborough Shoal near the Philippines, prompting Manila to demand its removal while Beijing banned the Philippine defense chief from entry. The U.S. has deployed naval assets to monitor the situation as Chinese vessels also entered waters near Taiwan-controlled Itu Aba island.
A court in Qingdao, China sentenced a man surnamed Zhang to 10 years and nine months in prison for stealing 107 Bitcoin from victim Feng after memorizing most of the 12-word wallet recovery phrase. The ruling establishes legal precedent by treating Bitcoin as property under Chinese law.
Chinese President Xi Jinping will travel to North Korea on June 8-9 to meet with leader Kim Jong Un, marking his first visit to the country in nearly seven years as China seeks to strengthen ties with its neighbor amid Pyongyang's deepening relations with Russia.
On the 37th anniversary of the 1989 Tiananmen Square massacre, Chinese authorities blocked memorial activities including warning families not to visit graves and intercepting a Hong Kong artist, while drawing criticism from US Secretary of State Marco Rubio and Taiwan. Despite censorship efforts, information about the crackdown continues to reach younger Chinese citizens.
The Five Eyes intelligence alliance—comprising the US, UK, Canada, Australia, and New Zealand—issued an unprecedented joint security bulletin warning that Chinese intelligence operatives are using professional networking sites like LinkedIn and job platforms to target government and military personnel with fake recruitment offers to obtain classified information.
Buenos Aires prosecutors conducted 90 simultaneous raids targeting three fraud rings involving fake trading apps, WhatsApp hijacks, and Chinese-origin schemes, freezing more than 8 million USDT and arresting 24 individuals.
Ivonescimab, an experimental drug combining two immunotherapy mechanisms, reduced the risk of death by 34% compared to standard immunotherapy in patients with advanced squamous non-small cell lung cancer in a closely watched Chinese trial. The drug helped patients live 15% longer than BeOne Medicines' Tevimbra.
At the Shangri-La Dialogue security summit in Singapore, US Defense Secretary Pete Hegseth emphasized stable US-China relations while declaring an end to subsidizing allied defense, notably avoiding discussion of Taiwan and Iran. China's absence from the summit drew criticism from Germany's defense chief, while Indo-Pacific nations responded by deepening regional defense partnerships independent of US leadership.
The European Commission imposed a €200 million fine on Chinese-owned online retailer Temu for failing to prevent the sale of illegal and dangerous products including faulty chargers and unsafe baby toys, following a 19-month investigation.
China has begun limiting international travel for top artificial intelligence talent working at private companies including Alibaba Group Holding Ltd. and DeepSeek, marking an escalation in Beijing's efforts to protect strategic technology and compete with the US in AI development.
Asia-Pacific trade envoys gathered in Suzhou, China on May 22, 2026 for an APEC trade ministers' meeting focused on multilateral cooperation, trade imbalances, and supply chain resilience. China's International Trade Representative Li Chenggang chaired the opening as the commerce minister was absent due to urgent official business.
Russian President Vladimir Putin will visit China to meet with President Xi Jinping on May 19-20, just days after former President Trump held a summit in Beijing. The timing of the consecutive high-level meetings underscores China's diplomatic positioning between Russia and the United States.
Eileen Wang, mayor of the Los Angeles-area city of Arcadia, has resigned and agreed to plead guilty to a felony charge of acting as an unregistered foreign agent for the Chinese government. The charge carries a maximum sentence of 10 years in federal prison.
The US Treasury sanctioned 12 entities for facilitating Iran's Islamic Revolutionary Guard Corps oil sales to China, warning of potential secondary sanctions on foreign financial institutions, including those connected to China's independent oil refineries.
An Iran ceasefire agreement appears to be collapsing while financial markets experience heightened volatility, as U.S. President Donald Trump and Chinese President Xi Jinping hold talks at Gimhae Air Base in Busan, South Korea in October 2025.
The European Union has made progress on reshaping AI regulation that European tech companies including Siemens argued was putting them behind US and China rivals. The changes specifically target industrial AI applications.
Alibaba is preparing to unveil integration of its Qwen AI platform with Taobao marketplace, shifting from keyword-based search to conversational AI-driven shopping. The move represents a major product transformation for one of the world's largest e-commerce platforms.
Chinese Foreign Minister Wang Yi met with Iranian Foreign Minister Araghchi in Beijing, with Wang calling the US-Israel war against Iran 'illegitimate.' The meeting occurred as Trump paused Project Freedom and sought diplomatic progress.
Pentagon chief Pete Hegseth confirmed the US-Iran ceasefire remains in effect despite recent military activity around the Strait of Hormuz, as the Trump administration works to finalize a broader agreement. China's foreign minister expressed concern over the conflict in discussions with Iranian officials.
Russia and China openly supported North Korea at a UN Security Council meeting on nonproliferation, with UN officials warning that DPRK's continued nuclear weapons and ballistic missile development remains a serious concern. Evidence shows vessels loading North Korean coal and iron ore at ports for export to destinations including China.
Beijing has blocked Meta Platforms' proposed purchase of AI firm Manus after a months-long probe, forcing Meta to unwind its acquisition of the Singapore-registered company that developed its products in mainland China. Analysts believe this could set a new precedent for Chinese regulatory intervention in AI deals.
White House science advisor Michael Kratsios accused China-based entities of conducting 'industrial-scale' campaigns to copy frontier AI models from US companies through distillation techniques. The Trump administration is moving toward countermeasures.
International clinical trial results show that gene therapy for a rare form of genetic deafness successfully restored hearing in 90% of participants, with improvements lasting years after treatment. The study was co-led by Mass General Brigham and China's Eye & ENT Hospital of Fudan University.
China unveiled new regulations aimed at countering 'unjustified' extraterritorial use of foreign laws, threatening EU firms with reciprocal measures if the bloc targets Chinese companies under proposed cybersecurity regulations. The move is seen as reinforcing China's 'legal shield' against external pressure amid the Iran war and Panama port dispute.
China's National Security Commission, led by President Xi Jinping, branded Meta's $2 billion acquisition of AI startup Manus as 'conspiratorial' and has barred the company's founders from leaving China, marking a significant escalation in US-China tech tensions.
Chinese AI company Z.AI unveiled GLM-5.1, a 754B parameter open-source agentic model that achieves state-of-the-art performance on SWE-Bench Pro and can run autonomously for up to 8 hours on long-horizon engineering tasks.
Cambodia's parliament passed the Law on Anti-Technology Fraud introducing five new offenses aimed at rooting out online and crypto scam operations, with penalties up to life in prison for those running scam compounds behind billions in crypto fraud.
Police in Sri Lanka arrested 152 foreign nationals, mostly Chinese, for allegedly running a cyberscam operation out of a hotel in the island's northwest. The raid represents one of the largest busts of organized cybercrime operations in the region.
The UN Security Council postponed a vote on a Bahrain-drafted resolution that would authorize the use of defensive force to protect shipping in the Strait of Hormuz from Iranian attacks. China and France opposed the measure, with veto-wielding China making clear its opposition to military authorization.
US President Donald Trump told the Financial Times he wants to 'take the oil' in Iran and could seize Kharg Island 'easily,' raising the prospect of US forces capturing Iran's main oil export hub. The comments came as 2,500 US Marines arrived in the region and oil prices surged above $115 per barrel.
