Adani Enterprises’ stock price continued its surge on Friday as investors cheered the new agreement between the company and US authorities. It jumped to INR 2,712, its highest point since November 2024, and 60% above its lowest point this year. 

Other Adani stocks also surged, with the port business soaring to a record high of INR 1,796, and Power jumping to INR 229. Adani Green Energy jumped to INR 1,457, its highest point since November 2024, and Adani Energy Solutions hit INR 1,365. As a result, Gautam Adani’s net worth soared to $109 billion, up by $25 billion this year.

Gautam Adani’s stocks soared today | Source: TradingView

Adani Enterprises’ stock jumped after the Department of Justice, Securities and Exchange Commission, and the Office of Foreign Assets Control planned to end their lawsuit against the company. This is after Gautam, a close ally of Narendra Modi, pledged to invest up to $10 billion in the United States.

According to the Financial Times, Adani will pay less than $20 million to the Securities and Exchange Commission, which alleged that he and Sagar Adani, his nephew, failed to disclose an alleged bribery scheme in India.

At the same time, Adani Group will settle with the Office of Foreign Assets Control. The agency had sued the company for importing Iranian oil to India, a move that went against US sanctions.

The DoJ will drop a case in which Adani and other related people conspired to pay bribes to Indian officials, while not disclosing this to American investors. 

Still, these details have not been finalized, and the rising criticism in the United States and India may push the Trump administration to cave and continue with the suits.

The end of these lawsuits will cap a tumultuous period for Adani and his companies. It faced a major crisis a few years ago when Hindenburg Research published a long report alleging major crimes in the company, including market manipulation. Adani denied these allegations and a prolonged investigation by Indian regulators cleared the company.

The Trump administration has moved to dismiss many lawsuits brought by the Joe Biden administration. For example, the SEC ended lawsuits against companies like Coinbase, Ripple Labs, Uniswap, and Immutable.

One of Trump’s first acts as president was an executive order pausing the Foreign Corrupt Practices Act Enforcement (FCPA) at the Justice Department. The executive order paused new criminal cases and asked the department to review existing ones.

Ending the Adani lawsuits will open new opportunities for his companies to invest in the United States and other countries. In the past few years, the company has lost some major deals because of the lawsuits. For example, the Kenyan government ended a deal to have his airport company improve and manage the Jomo Kenyatta International Airport.

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Chinese President Xi Jinping and US President Donald Trump emerged from their Beijing talks with very different public emphases.

Trump described a set of concrete wins, from Boeing aircraft to energy, farm goods, financial market access and chip sales.

Beijing’s official readout, by contrast, stayed broad, stressing “constructive strategic stability,” more cooperation in trade and agriculture, and a warning that mishandling Taiwan could lead to “clashes and even conflicts.”

The gap matters because it shows how much of the summit is being framed by Trump’s post-meeting remarks, and how little of it was spelled out by China itself.

Big-ticket promises, thin confirmation

Trump’s account of the summit leaned heavily on large commercial claims.

He said China had agreed to buy 200 Boeing jets, while also pointing to broader hopes for more US oil, soybeans and liquefied natural gas.

“One thing he agreed to today, he’s going to order 200 jets … 200 big ones,” Trump told Fox News, referring to Xi.

He also said he had pressed for greater access for Visa in China’s tightly regulated credit-card market.

What Beijing published was much less specific.

In its official readout, Xi said China and the US should expand exchanges and cooperation in areas including trade, agriculture, tourism, people-to-people ties and law enforcement, but it did not confirm the headline purchase pledges Trump described.

The readout also framed the relationship in carefully managed language, calling for a “constructive China-US relationship of strategic stability.”

Iran and Hormuz: Trump’s boldest claim

The sharpest mismatch came on Iran and the Strait of Hormuz.

Trump said Xi would not provide military equipment to Iran and suggested China would help reopen the waterway.

On Iran, Trump said he and Xi agreed that “Iran cannot have nuclear weapons,” while also suggesting China could help reopen the Strait of Hormuz.

Beijing, however, kept its wording far more general.

At a Foreign Ministry briefing, spokesperson Guo Jiakun said the two sides exchanged views on the Middle East and other major international and regional issues, and only added that China’s position on the Strait of Hormuz was “consistent and clear.”

The official readout from Xi’s talks did not give a detailed public commitment on Iran or Hormuz.

Trump’s remarks were markedly more assertive, while China’s official record stayed narrower and more cautious.

On the public record, the summit produced discussion, not a clearly documented Iran deal.

China’s oil pledge

Trump also said China had expressed interest in buying more US oil and liquefied natural gas (LNG), presenting energy as another headline commercial outcome from the summit and part of a broader effort to narrow the bilateral trade gap.

The White House later framed it as a way for China to reduce its dependence on Middle East supply routes, particularly the Strait of Hormuz.

But Beijing’s official account made no mention of oil or LNG purchases.

Instead, Chinese officials referred only to broader economic cooperation, highlighting trade and agriculture without offering any details on energy volumes, timelines or formal purchase commitments.

What Beijing chose to emphasize

Beijing’s own emphasis was on tone, not trophy items.

Xi’s readout spoke about keeping bilateral ties stable, expanding trade and agriculture cooperation, and maintaining channels of communication.

It also carried a pointed warning on Taiwan, saying that if the issue is handled properly, the relationship can remain stable, but if mishandled, it could lead to “clashes and even conflicts.”

That is why the summit reads more like a diplomatic reset than a long list of signed concessions.

There were warm words and some limited openings, especially around Boeing, farm goods, energy and chips.

But the official Chinese text is notably cautious, and that caution leaves the most important deals of the visit sitting in a gray zone between announcement and confirmation.

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Trump’s two-day summit with Xi Jinping is now underway in Beijing, marking his first visit to China in nearly nine years.

More than a dozen top US executives have joined him, highlighting how closely markets are watching the trip for both business outcomes and diplomatic signals.

Early expectations remain modest as the talks are more likely to deliver limited agreements on trade and investment than a sweeping reset.

The investors are focused on one key question: Does this summit genuinely ease tensions, or simply delay the next round of friction?

Five issues that may define the summit

1. Trade is the easiest win, and the most likely headline.

Agriculture and aviation are back on the table, with the White House pushing for larger Chinese purchases of US soybeans and other farm goods. China is expected to announce purchases tied to Boeing aircraft and energy.

China may need to clarify how it will meet a prior commitment to buy 25 million metric tons of soybeans annually through 2028, even as its reliance on US beans has fallen sharply in recent years.

A Boeing order of up to 500 737 MAX jets, plus about 100 widebody aircraft in separate talks, would be the kind of deal that gives both leaders something to sell at home.

2. The real bargaining chip is technology versus rare earths.

Beijing wants relief from US restrictions on advanced semiconductor exports and has also objected to proposed rules limiting access to critical chipmaking equipment.

Washington is pressing China on rare earths and other critical minerals that have already strained aerospace and semiconductor supply chains.

The shortages of yttrium and scandium have worsened for US aerospace and chip makers, while Beijing has used export controls as leverage before and has expanded its economic pressure toolkit during the truce.

3. The Iran war and the Strait of Hormuz have turned this into a commodity-market summit.

US officials want China to help press Iran over the waterway, and the State Department has said senior US and Chinese officials agree no country should be allowed to exact shipping tolls in the Strait of Hormuz.

Trump and Xi are expected to discuss the conflict in Beijing, with China’s energy security under strain as the war has disrupted crude flows and complicated Beijing’s own diplomatic balancing act.

Any movement here would have immediate implications for oil, inflation expectations and risk assets.

4. Taiwan remains the summit’s biggest landmine.

Trump has said he will discuss arms sales to Taiwan, and he also plans to raise the case of jailed Hong Kong publisher Jimmy Lai.

Beijing has been signaling that Taiwan sits at the center of the talks and is pushing Washington to adjust its wording on Taiwan independence.

5. Jimmy Lai is the human-rights wild card that could trigger the most public friction.

Lai’s case is not likely to produce a deal, but it could produce a clash. Trump’s decision to raise it reflects both domestic politics and a willingness to use human-rights pressure as negotiating leverage.

China sees the issue as interference in internal affairs, which makes it one of the least soluble items on the agenda and one of the easiest to turn into a public spat if the summit sours.

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Nio stock price jumped by over 4.4% in Hong Kong today, May 14, mirroring its performance in Wall Street a day earlier. It jumped to H$50.45, its highest level in two weeks, and is up by over 45% from its lowest point this year. This growth makes it one of the best-performing Chinese electric vehicle stock in 2026.

Nio Inc. faces tailwinds ahead of earnings

Nio, a top Chinese Tesla rival, is facing major tailwinds as it prepares to release its financial results on Thursday next week. Its recent numbers showed that deliveries continued rising by double digits, and analysts are optimistic that its revenue and profitability growth will continue.

A recent delivery report revealed that the company delivered 83,465 vehicles in the first quarter, a 98.3% annual increase. In contrast, BYD delivered over 700k vehicles, down by 30% YoY, with the management blaming the subsidy cut and competition.

XPeng delivered 62,682 vehicles, a 33% drop, despite the surge in March after it expanded in Mexico. Li Auto’s deliveries rose by 2.5%, while Polestar jumped by 7% as it boosted its retail presence. Tesla’s deliveries rose by 6%.

Nio’s success has been because of its premium brand, and its sub-brands like ONVO and Firefly. Its premium ES8 SUV brand, which is one of the best sellers in the country. 

It now hopes that the newly launched ES9 brand will continue the trajectory. It is selling at $73,000, a figure that drops to $58,000 for customers who select to use its Battery-as-a-Service (BaaS) subscription.  

READ MORE: Nio stock price has slipped this month: here’s why it may rebound soon

Nio has turned a profit

Meanwhile, Nio’s stock price is rising after the company made a major announcement in the last earnings report. It has now started generating a profit, something that has remained elusive for years as it invested in growth. The recent results showed that it made a net profit of over $40 million. 

Analysts are optimistic that Nio will publish strong numbers next week, especially after it reported good delivery metrics. The average estimate among five analysts tracking the company is that its revenue will come in at CNY 25.2 billion, up by over 105% YoY. 

These analysts have also recently boosted their price target. DBS Bank boosted the call from hold to moderate buy, while HSBC hiked the rating from hold to buy, with the price target of the US stock rising to $6.80. Nomura boosted the rating to buy, while Macquarie hiked to outperform.

Nio shares are also rising because of the ongoing Trump visit to China. Analysts are predicting that he will make some concessions, including allowing Chinese manufacturers to enter the US. Such a move may make Nio enter the country and compete with automakers like GM and Ford.

Nio stock price technical analysis

Nio shares chart | Source: TradingView

Technicals suggest that the Nio share price has more upside to go in the near term. For one, it has formed a cup-and-handle pattern, a common continuation sign in technical analysis. It has completed the cup section and is now in the handle zone. 

The handle section was also part of the giant bullish flag pattern. This pattern is made up of a long vertical line and a descending channel. In most cases, it leads to a strong bullish breakout as investors buy the dip.

Therefore, the combination of the cup-and-handle and bullish flag patterns, and its strong fundamentals, means that it will likely have a strong bullish breakout. The next key target to watch will be the year-to-date high of $55. A move above that price will point to more gains, potentially to last year’s high of H$61.5.

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Cuba has run out of diesel and fuel oil, according to Energy Minister Vicente de la O, leaving the island facing one of its most severe power crises in decades.

In Havana, many neighbourhoods are now enduring between 20 and 22 hours of blackout a day, a level of disruption that points to a broader breakdown in the country’s ability to secure and distribute fuel.

The immediate story is about shortages.

The more important story is what those shortages imply. When a country runs out of transport and generation fuel at the same time, the impact quickly spreads beyond electricity supply.

It affects public transport, food distribution, industrial activity, tourism, healthcare logistics and confidence in the state’s ability to manage the crisis.

Reuters reported from Havana that the US fuel blockade has “strangled” supplies to the island.

De la O said Cuba remains open to any seller willing to supply fuel, adding that negotiations to import cargoes are continuing.

He also pointed to higher global oil and shipping costs linked to the US-Israeli war with Iran, which has made an already difficult procurement environment even tougher.

Why the shortage matters

The blackout figures alone show why this is no longer just an energy story.

If residents in the capital are spending most of the day without power, the consequences are likely to reach deep into daily economic life.

For households, prolonged outages mean higher food spoilage, water shortages, weaker mobile connectivity and greater reliance on costly backup solutions.

For businesses, especially small private operators, it means lost trading hours, damaged inventory and lower productivity.

Tourism, one of Cuba’s most important sources of hard currency, is also exposed if hotels, restaurants and transport services cannot guarantee reliable power.

The shortages matter even more because Cuba has limited buffers.

Reuters reported that the island has no diesel or fuel oil reserves, while only one Russian tanker has delivered crude since December.

That suggests the government is operating with little margin for error. Any delay in fresh deliveries could prolong the crisis or force even harsher power rationing.

Why imports are hard to secure

Cuba’s fuel problem is not simply about demand exceeding supply.

It is also about financing and access.

Sanctions make transactions harder, freight costs have risen and sellers may be reluctant to engage because of compliance and payment risks.

Even where there is a willing buyer and a willing seller, shipping and insurance can become obstacles.

The UN has called the US blockade unlawful, according to Reuters, but that does not change the practical constraints facing Havana in the market.

The island’s grid relies on a combination of domestic crude, gas and constrained solar generation, which means imported fuel still plays a critical role in keeping electricity flowing.

If imported cargoes do not arrive in time, generation capacity remains exposed.

What the implications are

The biggest implication is that Cuba’s economic weakness could deepen.

Longer blackouts can reduce output, hit export-linked sectors and worsen shortages elsewhere in the economy. They can also intensify inflationary pressure if transport and supply chains become less reliable.

There is also a social implication. Extended outages in the capital tend to carry greater political sensitivity than shortages in outlying areas.

If the crisis persists, the government may face rising public frustration, especially if there is no clear timetable for new imports or improved generation.

Diplomatically, the shortage also sharpens the significance of Cuba’s search for suppliers.

Any successful deal would be more than a commercial transaction; it would signal which partners are still willing and able to support the island under tightening external pressure.

What to watch next

The key question is whether Cuba can secure fuel quickly enough to stabilise power generation.

Markets and policymakers will be watching for confirmation of new import agreements, tanker arrivals and any change in the severity of Havana’s outages.

A second issue is whether global oil and shipping costs remain elevated.

If they do, Cuba’s procurement challenge will become more expensive just as the country appears least able to absorb it.

For now, the fuel shortage is best seen not as a short-term supply hiccup, but as a stress test of Cuba’s economic resilience.

The blackouts are the most visible symptom. The deeper risk is that they expose how little room the island has left to manage another external shock.

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