At 8 a.m., here's the latest news: Elon Musk claims to have founded the "American Party" and will run for office next year; Romoss announced early this morning that it will halt production for six months; The first batch of Xiaomi YU7 vehicles were officially delivered, and Lei Jun showed up to open the car door for the owner.

Top 3 Big News

Elon Musk Announces the Establishment of the "American Party" and Responds to the Time of Running for Office: Next Year

On July 5th local time, American entrepreneur Elon Musk posted on social media platform X that the "American Party" was established on that day to return freedom to the people. When some netizens asked if his new political party would participate in the 2026 mid - term elections or the 2028 presidential election, Musk replied, "Next year."

Recently, Musk had a disagreement with US President Donald Trump over the so - called "big and beautiful" tax and spending bill. On June 30th, Musk strongly criticized the so - called "big and beautiful" tax and spending bill strongly promoted by Trump and said that if the bill passed, he would establish the "American Party" the next day. On July 4th local time, US President Donald Trump signed the "big and beautiful" tax and spending bill into law. A few hours before the bill was signed into law, Musk again posted a poll on the social platform about establishing a new political party, the "American Party". Among the approximately 1.249 million online votes received, 65.4% of netizens supported the establishment of a new political party.

According to US law, for the establishment of a political party eligible to participate in elections, its qualification confirmation requires a complex certification process. First, a caucus or a convention must be held to elect temporary officials and designate the party name. It is unclear whether Musk's "American Party" has initiated the relevant procedures. However, since Musk was not born in the United States, according to current US law, he is not eligible to run for president. (CCTV News, CCTV Finance)

ROMOSS Issued a Notice of Suspending Production and Taking a Holiday in the Early Morning: Production to Be Halted for 6 Months Starting from July 7th

At around 1 a.m. on July 6th, ROMOSS officially issued a notice of suspending production and taking a holiday. The notice stated that with the continuous changes in the market environment and the development needs of the company's business, after research and decision by the company's shareholders' meeting, the company will suspend production for some time.

The suspension period will last for 6 months starting from July 7th, 2025. Except for recalling relevant employees, the rest of the employees will be on suspension. During this period, the company will pay the employees' salaries normally according to the agreed standards in the first month of the suspension. Starting from the second month, the company will pay the employees a living allowance equivalent to 80% of the local minimum wage. Social insurance and housing provident fund: During the suspension period, the company will pay them according to the local minimum wage standard. On July 5th, many ROMOSS employees told reporters that when they wanted to go to the Shenzhen office to pick up their personal belongings, they found that their access card privileges had been cancelled.

On July 2nd, there was an industrial and commercial change in ROMOSS. Lei Shexing stepped down as the legal representative, director, and manager, and was succeeded by Lei Xingrong. This change occurred less than three months ago. Regarding matters such as the change of the legal representative, ROMOSS once responded to the media that the company is currently arranging for rectification, first sorting out the internal affairs. The company is focusing all its efforts on self - inspection of the industrial chain to prepare for new products. (Jiemian News)

The first batch of Xiaomi YU7 vehicles was officially delivered, and Lei Jun opened the car door for the owner in person

On July 6, the first - delivery ceremony of the Xiaomi YU7 was held at the Xiaomi Science and Technology Park. Some netizens posted on - site videos showing that Lei Jun shook hands and took photos with the owner and personally opened the car door for the owner. On the evening of June 26, Xiaomi's first SUV, the Xiaomi YU7, was officially launched. The standard version is priced at 253,500 yuan, the Pro version at 279,900 yuan, and the Max version at 329,900 yuan. Just three minutes after the vehicle went on sale, the number of large - scale pre - orders exceeded 200,000 units. In one hour, it exceeded 289,000 units, and within just 18 hours, the number of locked orders exceeded 240,000 units.

Previously, Lei Jun posted that Xiaomi YU7 would start a limited - time configuration change. From 10:00 a.m. on July 6 to 24:00 p.m. on July 7, users who had locked their orders (non - near - ready vehicles) could participate in the configuration change. If the configuration change is successful, production will be rescheduled and the estimated delivery time will be recalculated. This configuration change is only applicable to version changes among the YU7 standard version/Pro/Max or modifications to the YU7 order configuration.

On the afternoon of July 5, Xiaomi Auto announced that the delivery of the Xiaomi YU7 would officially start on July 6, covering 58 cities across the country. (21st Century Business Herald)

Large Companies/ Major Events

Japanese Government Debunks Rumors of Devastating Earthquake

Recently, a rumor about a "devastating earthquake hitting Japan on July 5" has been spreading like wildfire on social platforms, attracting wide attention. In response to this false rumor, the Japanese government and experts have come forward one after another to debunk it, emphasizing that the information circulated online lacks scientific basis and calling on the public to view it rationally. The Japan Meteorological Agency has even refuted it, saying it is a complete "hoax".

On the 4th, the Chinese Embassy in Japan reminded Chinese citizens in Japan and Chinese tourists visiting Japan: 1. Enhance awareness of natural disaster prevention, closely monitor earthquake dynamics, meteorological warnings and disaster prevention information, and evacuate to a safe area as early as possible if necessary. 2. Pay attention to travel and traffic safety. Do not go out unless necessary in extreme weather such as heavy rain. If you really need to go out, stay away from rivers, the sea and mountainous areas. 3. Pay attention to personal health. Reasonably arrange outdoor activity time in hot weather, take measures to prevent heatstroke, and replenish water in time. (CCTV Finance)

ROMOSS and Anker Recall Over One Million Power Banks, 74 3C Certificates of Amprius Suspended or Revoked

Recently, ROMOSS and Anker Innovations have successively announced the recall of multiple models of power bank products, with the total number of recalled products exceeding 1.2 million. The State Administration for Market Regulation stated that the reason for the recall is that metal foreign objects were mixed in during the battery production process, posing potential safety hazards such as product overheating and even combustion.

As of July 3rd, ROMOSS has confirmed that 330,807 products meet the recall criteria, and 79,891 products have been returned or harmlessly disposed of; more than 200,000 users of Anker Innovations have completed the recall application, and the company has sent over 100,000 fire - proof safety bags to users for the express delivery of the recalled power banks.

It is understood that Amprius (Wuxi) Co., Ltd. is one of the lithium - battery suppliers for ROMOSS power banks. Currently, all 74 3C certificates held by Amprius (Wuxi) Co., Ltd. have been suspended or revoked by the certification body. The Wuxi Market Supervision Administration has sealed all the lithium - battery products produced by this enterprise in accordance with regulations. (Sina Finance)

7,500 People Flocked into Shanghai Legoland in One Hour, with a 105 - minute Wait for Some Rides

On July 5th, the sweltering heat of 39 degrees Celsius failed to deter the throngs of people from flocking into China's first Legoland - Shanghai Legoland Resort. According to Shangguan News, within one hour of its opening, the visitor flow had reached 7,500. That morning, the globally premiered Lego Coaster had a waiting time of up to 105 minutes.

On travel platforms, since June, the search volume for Shanghai Legoland has increased five - fold compared to May. In July, the ticket booking volume of Legoland ranked among the top 5 popular scenic spots in Shanghai. In terms of hotel bookings, as of July 4th, the hotel booking volume in Shanghai's Jinshan District, where Shanghai Legoland is located, has increased 3.5 times year - on - year. Meanwhile, the bookings of homestays in Jinshan District, Shanghai have also increased significantly. Data from the Tujia platform shows that the booking volume of homestays in Jinshan District during this summer vacation has increased six - fold year - on - year, ranking first among the 16 administrative districts in Shanghai. (Shangguan News)

Spring Airlines Japan Responds for the First Time to the Rapid Descent of a Flight Departing from Shanghai: Investigating the Authenticity of the Fault Alarm

In response to the incident where Flight JL8696 (IJ004) from Shanghai to Narita made an emergency landing after a rapid descent, Spring Airlines Japan Co., Ltd. told reporters on July 6 that the alarm indicating a malfunction in the cabin pressurization system of the involved flight was activated, and the aircraft descended to a safe altitude following emergency procedures. The company is currently investigating this alarm, including the possibility that it could be a false alarm. Spring Airlines Japan still stated that "no reports of physical discomfort from passengers or crew members have been received so far." (Southern Metropolis Daily)

South Korea's Special Investigation Team Applies to Court for Detention of Former President Yoon Suk-yeol

On the afternoon of the 6th local time, South Korea's Special Investigation Team for Domestic Disturbance requested the court to detain former President Yoon Suk-yeol on suspicion of obstructing public service and forging official documents. The Seoul Central District Court in South Korea will make a decision on whether to detain Yoon Suk-yeol after the trial. (CCTV News)

Meituan issued a large number of food delivery red envelopes and vouchers, and some food deliveries could be "purchased for free", causing the order volume to break the historical peak and the system to crash for a while

Blue Whale reporters found that starting from the evening of July 5th, Meituan and Taobao Flash Shopping, two major platforms, issued a large number of food delivery red envelopes and vouchers, including several large - value vouchers such as "minus 21 for every 25 spent", "minus 20 for every 25 spent", and "minus 16 for every 16 spent". JD Food Delivery also issued 10 million exclusive vouchers for "Sucao Food Delivery". However, the main discount on its food delivery interface at present is still the previously officially announced "10 billion subsidy".

Against this background, a cup of Americano coffee costs less than 4 yuan and has free delivery. More than 600 vouchers for the "Milk Tea Trio" priced at 3.9 yuan per cup at a single COCO store were sold. Many consumers posted their "free purchase" orders on social platforms. A large number of users flocked to the platform to place orders, causing Meituan to crash for a while in the evening of the 5th. The official response stated that because the number of user orders broke the historical peak, it triggered the server's traffic - limiting protection. (Blue Whale News)

Traffic police respond to a speeding ticket for a speed of 17,052 km/h: The equipment system malfunctioned, and all misrecorded tickets have been revoked

Recently, a netizen in Jiangsu said that he received a speeding ticket on July 1st, indicating that he was speeding on the Fengxiang Expressway in Wuxi, with an average speed of 17,052 km/h, a speeding ratio of 21,215%, a fine of 2,000 yuan, and 12 demerit points. On the evening of July 4th, the Wuxi traffic police responded to this matter, stating that the equipment system had malfunctioned and has now been repaired. All previously misrecorded tickets have been revoked. "If anyone has objections to traffic violation records in Wuxi or any traffic management issues, they can contact the Wuxi traffic police at any time, and we will provide timely feedback. At the same time, we also hope that everyone can offer valuable suggestions for our work to provide better services." (Hangzhou Daily)

Yonex Badminton Balls Have Increased in Price Twice in Half a Year, and Industry Insiders Say Good Badminton Balls Will Be Even More Expensive in the Future

According to a report by Lanjing News, after the "price hike wave" of badminton balls in April, Yonex, a leading company in the badminton circle, has recently taken the lead in raising prices again. On July 1st, Yonex officially announced that it will implement new badminton ball prices on August 1st, with price increases ranging from 30 yuan to 40 yuan for multiple models of badminton balls. With just half of 2025 passed, this is already Yonex's second price increase.

The fundamental reason for the soaring price of badminton balls lies in the continuous growth of the number of badminton enthusiasts and the imbalance between supply and demand of feathers, which are the core material. Chen Zui, a blogger focusing on badminton equipment, believes that there will be an obvious price differentiation trend for badminton balls in the future. Since only high - quality feathers are scarce and there are more people who want to play with good balls, under this supply - demand relationship, the prices of expensive balls will continue to rise, while the prices of cheap balls will slightly decrease. (Lanjing News)

Over 5,400 Chinese suspects involved in telecom fraud repatriated, China, Myanmar and Thailand vow to continue joint crackdown on telecom fraud in areas like Myawaddy

The second ministerial meeting on the joint crackdown on telecom and online fraud crimes among China, Myanmar and Thailand was held in Nay Pyi Taw, Myanmar on July 4. At the meeting, relevant departments of the three countries reached a series of consensuses on deepening police law - enforcement cooperation. They will continue to jointly and severely combat telecom and online fraud crimes in areas like Myawaddy, thoroughly eliminate fraud compounds, arrest all suspects involved in fraud, resolutely eradicate the breeding ground for fraud - related crimes, and effectively safeguard the legitimate rights and interests of the people of all countries. It is understood that since the beginning of this year, relevant departments of China, Myanmar and Thailand have worked closely together, jointly launched a fierce offensive against telecom and online fraud crimes in the Myawaddy area, arrested and repatriated more than 5,400 Chinese suspects involved in fraud, achieving remarkable results. (CCTV News)

Nearly 12 million people will lose health insurance due to the new US bill

On the 3rd local time, the US House of Representatives passed a large-scale tax and spending bill promoted by President Trump, namely the "Great and Beautiful" bill. On the 4th local time, US President Trump officially signed the bill. This bill will significantly adjust the federal Medicaid program. According to the estimate of the US Congressional Budget Office, the new bill will cause nearly 12 million people to lose their health insurance. The passage of the new bill has worried many American people, and several American medical groups have also condemned it. (CCTV Finance)

Huairen, Shanxi Responds to Deceased Receiving Elderly Allowances: All Allowances Recovered

On July 6, according to the relevant departments in Huairen City, Shuozhou, Shanxi Province, the recent incident of "23 deceased people receiving elderly allowances" has attracted wide attention. Currently, the Discipline Inspection Commission and Supervision Committee of Huairen City are holding the relevant responsible persons accountable, and the Civil Affairs Bureau of Huairen City has recovered all the over - received elderly allowances totaling 20,100 yuan. (Jiemian News)

Trump Signs the "Great and Beautiful" Bill

On July 4 local time, US President Trump signed the "great and beautiful" tax and spending bill into law. The US House of Representatives passed the "great and beautiful" bill promoted by President Trump on the afternoon of the 3rd with a vote of 218 in favor and 214 against. The bill was passed by the Senate on the 1st of this month. There are concerns in the United States that the bill will further exacerbate the country's fiscal deficit and debt risks. The "great and beautiful" bill is a landmark legislative agenda launched by Trump after he returned to the White House in early 2025. The main contents of the bill include extending the corporate and individual tax cuts passed by Trump in 2017 during his first term, exempting tip and overtime pay income from taxation, etc. The core provision of the bill is to reduce corporate taxes. The bill has been controversial for causing cuts in federal aid, increasing long - term debt, and providing tax cuts for the rich and large enterprises. (Jiemian News)

Outbreak of "Love Bugs" in South Korea Triggers Public Panic

From mid - June to early July 2025, there was a concentrated outbreak of these bugs in Seoul and the capital region (including Incheon and Gyeonggi - do) of South Korea. In mountainous areas (such as Bukhansan and Gwayangsan), the dead bugs piled up like a "black carpet", which attracted wide attention and discomfort from citizens and tourists. The scientific name of this insect is Trichocera longimanus. It is named "Love Bug" because male and female bugs are connected when flying, looking like "lovers in the air". The "Love Bug" is 5 to 6 millimeters long and prefers a humid and hot environment. Its breeding peak is from mid - June to early July every year. A female bug can lay 300 - 500 eggs at a time, indicating strong reproductive ability. Additionally, Seoul has recently experienced alternating high - temperature and rainy seasons, which accelerated the hatching of eggs and the emergence of adults. Coupled with the lack of natural predators to control the population in South Korea, the "Love Bug" has exploded in numbers. Although these bugs are non - venomous, their habit of flying in swarms and landing on people and clothes has troubled many citizens. (Guangming Net)

The Cutting - Edge of AI

Google Officially Launches Gemini 2.5 Flash-Lite

Recently, Google officially launched Gemini 2.5 Flash-Lite. Compared with Gemini 2.0 Flash, its speed has increased by 1.5 times, and the cost is lower. It is particularly suitable for large-scale tasks with high timeliness requirements and cost sensitivity.

Gemini 2.5 Flash-Lite has powerful real-time processing capabilities. It can process large documents of hundreds of pages within a few seconds, creating a brand-new reading experience for users. When users click on any part of the document summary, the model will instantly re-analyze the entire document and generate new introduction content. More interestingly, users no longer just see a simple document summary. They can dig deeper according to their own needs, asking the model to explain, summarize, expand or extract specific information. This system can even conduct analysis across multiple documents. Moreover, it is not limited to text processing and can directly generate accurate charts based on the document content to visualize data. It transforms the originally static and boring documents into a dynamic exploration process, making complex business information easier to understand and use. (Sina AI)

Fewer than 1,000 Top Global AI Experts, Silicon Valley Sees Fierce Battle for AI Talent

Recently, at least eight researchers from OpenAI have been poached by Meta with sky - high offers. According to reports, in order to build a new super - intelligent laboratory, Meta is offering some AI researchers a compensation package of up to $300 million over four years. Another set of data shows that the annual salary range for Meta's AI engineers is between $186,000 and $3.2 million, exceeding OpenAI's range of $212,000 to $2.5 million.

Fortune magazine points out that there are fewer than 1,000 top global AI experts. Dr. Tom Zhang, a senior human resources expert in Silicon Valley, said in an interview with reporters that the "labeling" phenomenon in Silicon Valley is very serious. Only those who have worked in the core teams of companies like OpenAI, Google, and Meta and served as team leaders can be called "top AI talents" and receive "sky - high salaries." (NBD)

Baidu Releases Image-to-Video Model: MuseSteamer

36Kr learned that on July 4th, according to Baidu Business, its first Chinese audio - video integrated generation model, MuseSteamer, received over 100 new application requests per minute on its first day. The Turbo version of this model is currently available for a limited - time free public beta. The Lite, Pro, and the entire series of audio - enabled versions will be launched successively in August. It is understood that this model supports generating 10 - second, 1080p movie - grade videos from a single image input. The micro - expressions of characters and camera movements reach the professional film and television level. The core technological breakthrough lies in the simultaneous generation of pictures, sound effects, and human voice lines in Chinese scenarios, breaking the fragmentation of the traditional AIGC video production process. Previously, MuseSteamer topped the global list on the VBench I2V with a score of 89.38% in May.

Cool Products

Domestic robot dog breaks the world record with a speed exceeding 10 meters per second

At the first competition of the "Intelligent Painting of Optics Valley" CMG World Robot Skills Competition, the "New Generation Panther 2.0" broke the robot dog speed record of 8.89 meters per second set by Boston Dynamics' WildCat with a speed of 10.3 meters per second, thanks to its outstanding performance and cutting - edge technology. It successfully rewrote the world record that had remained unchanged for a decade. (CCTV Finance)

Compiled | Chi Yu