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On May 16, US President Trump posted on social media that the US military and the Nigerian armed forces carried out a joint operation that evening to "eliminate" Abu Bilal Minuki, the number two leader of the extremist group "Islamic State".

US President Trump: Abu-Bilal al-Minuki, the second-in-command of the Islamic State extremist group, has been eliminated. The operation was carried out jointly by the US military and the Nigerian armed forces.

According to the official measurement of the China Earthquake Networks Center, a magnitude 2.3 earthquake occurred at 11:12 on May 16 in Weichang County, Chengde City, Hebei Province (42.40 degrees north latitude, 117.37 degrees east longitude), with a focal depth of 10 kilometers.

Market news: SpaceX shareholders approve 5-for-1 stock split.

According to emails, Starbucks (SBUX.O) plans to open a technology office in India, expected to be operational in the company's fiscal year 2027. This will be Starbucks' first corporate office in India.

May 16th - Starting today, fuel surcharges for domestic routes within China will be increased. The specific rates are: RMB 90 per passenger for routes under 800 kilometers; and RMB 170 per passenger for routes over 800 kilometers. Infants are exempt from the fuel surcharge, and the fuel surcharge for children, disabled veterans, and disabled police officers injured on duty will be reduced by half.

California Governor Gavin Newsom: Last year, Trump and Republicans opted to raise Medicare premiums for millions of Americans in the Affordable Care Act (ACA) market. My proposed budget will continue to offer $0 premium Medicare plans for low-income Californians to help clean up the fiscal mess Trump created.

Israel Defense Forces: The alarm that just sounded in the Majidal Shams area has been confirmed as a false alarm.

1. Ukraine's Ministry of Development: Russia attacked a grain terminal at a Ukrainian port, injuring seven people. 2. Russia's Ministry of Defense: Russian forces conducted a large-scale offensive against Ukraine from May 12 to 15. 3. The commander of Ukraine's drone force stated that Ukrainian drones attacked a Russian oil refinery in the Ryazan region. 4. Iran's Foreign Minister confirmed that talks have been held with Russia regarding a proposal to store enriched uranium. 5. Russia's Foreign Minister: Russia hopes to end the war with Iran and achieve a sustainable solution. 6. Russia's Ministry of Defense: The UAE-mediated exchange of war prisoners between Russia and Ukraine will take place on Friday. 7. According to industry sources and Reuters calculations, Russia's seaborne exports of petroleum products fell 9.8% month-on-month in April. 8. Russian State Statistics Service: Russia's GDP fell 0.2% year-on-year in the first quarter, compared to a 1% increase in the previous quarter.

On May 16, the 11th Review Conference of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) continued at the United Nations Headquarters in New York. China called on relevant nuclear-weapon states to withdraw their overseas-deployed nuclear weapons to their own territories and to avoid new deployments on foreign soil. Regarding nuclear sharing arrangements, China believes that this issue involves nuclear disarmament and should be examined from the perspective of preventing nuclear proliferation. China expressed serious concern about existing nuclear sharing and extended deterrence arrangements and called on relevant nuclear-weapon states to withdraw their overseas-deployed nuclear weapons to their own territories and to avoid new deployments on foreign soil. China also stated that the serious imbalance between the supply and demand of sensitive nuclear materials in certain countries deserves serious attention. The International Atomic Energy Agency (IAEA) needs to strengthen its research and monitoring of related issues to prevent actions that are inconsistent with the NPT.

NIO (NIO.N): As of May 16, NIO has built 8,868 charging and battery swapping stations nationwide, including 3,848 battery swapping stations, 5,020 charging stations, and 28,853 charging piles, providing more than 100 million battery swaps to date.

On May 16th, sources revealed that British chip design company Arm (ARM.O) is facing an antitrust investigation by the U.S. Federal Trade Commission (FTC), focusing on its semiconductor technology licensing business. The FTC is investigating whether Arm, while increasing its efforts in developing its own chips, is refusing to provide or reducing the quality of its CPU design blueprints for licensing. Earlier this year, U.S. regulators notified Arm of the investigation and requested the company to retain relevant documents. Previous reports indicated that, driven by Qualcomm, regulators outside the U.S. are also investigating Arm's business practices. In 2024, Qualcomm filed a complaint with the European Commission alleging that Arm attempted to restrict licensing access and withhold key technologies. Last year, South Korea's competition regulator also raided Arm's offices in Seoul.

According to sources familiar with the matter, Arm (ARM.O) will face an antitrust investigation in the United States involving chip technology.

Fitch: The impact of new energy sources has disrupted Germany's fragile recovery.

Fitch: Germany’s general government debt is expected to continue to rise and exceed 70% of GDP by 2029.

Fitch affirmed Germany's rating at 'AAA' with a stable outlook. Fitch stated that German public finances will weaken significantly as defense and infrastructure spending growth outpaces still robust revenue growth.