Wallstreetcn Morning Brief | February 25, 2026

Trump will deliver the State of the Union address at 10:00 am on Wednesday (UTC+8), with the market closely watching tariffs, cost of living, immigration, and geopolitics. Trump’s 10% “global tariff” takes effect on Tuesday, while the timetable for the 15% tariff has not yet been finalized. Reports: Trump plans to use AI to set reference prices for key minerals, with germanium, gallium, antimony, and tungsten included in the first batch. The Chinese Ministry of Commerce responded to the US tariff adjustments: it will decide in due course to adjust countermeasures such as tariffs on US-origin fentanyl and reciprocal tariffs. German media: German Chancellor Merz will lead a “large business delegation” to visit China, traveling to Beijing and Hangzhou, with “unprecedented meticulous preparation.” China’s State Council: advancing work related to the development of the silver economy and elderly care services, and reviewing and approving the “Opinions on Strengthening Grassroots Firefighting Work.” Federal Reserve Governor Cook: Monetary policy may not be able to address the unemployment wave triggered by AI; Governor Waller: The Citrini report “exaggerates the potential impact of AI on employment.” Author of Citrini’s “AI Doomsday Report”: Market panic exceeded expectations, calling for an “AI tax” to address unemployment. Anthropic upgrades its enterprise-level AI tools, expanding into investment banking, HR, and other scenarios; the announced partners such as FactSet saw their stock prices rise, with Thomson Reuters up over 10%. AMD reached a $100 billion agreement with Meta for the purchase of 6GW computing power chips, a five-year long-term contract directly challenging Nvidia, with its stock price rising nearly 9%. Sandisk was targeted by short-seller Citron, who claimed that supply tightness is a “mirage” and the cycle is about to peak, causing the stock to drop as much as 8%. Novo Nordisk will significantly reduce the price of its weight-loss drug in the US next year, with a maximum reduction of 50%. Domestic demand for computing power continues to surge, with Sugon’s net profit excluding non-recurring items expected to increase by 30% year-on-year in 2025. Related articles: Wallstreetcn Breakfast FM-Radio | February 25, 2026