Flash News

TREE NEWS update: China’s 2026 national medical insurance drug catalog and commercial health insurance innovative drug catalog were released in Suzhou, adding 107 drugs, including 51 Class 1 innovative drugs — a record high. The new additions cover oncology, rare diseases, chronic diseases, mental illness and other areas of urgent clinical need. The catalogs set the reimbursement list for the coming year.

TREE NEWS reports: Aave’s governance token AAVE has dropped 30% over the past four weeks, a decline steeper than those of bitcoin and ether, while the protocol’s dollar-denominated locked value fell by a smaller proportion. The token’s losses exceeded those of the two largest cryptocurrencies, even as the value locked in Aave held up better in percentage terms.

TREE NEWS reports: Payward, the parent company of crypto exchange Kraken, reported $487 million in total platform margin for the third quarter, its new headline metric. The figure rose 12% from the second quarter but fell 12% from a year earlier. Unlike Adjusted Revenue, now shown only for comparison, total platform margin excludes the staking rewards Payward pays to clients.

TREE NEWS update: China’s permanent representative to the UN, Fu Cong, told the Security Council on November 13 that recent talk of restarting military action against Iran is particularly concerning. He said the Middle East and Gulf situation is evolving sharply, with conflict dragging on across multiple fronts and spillover effects hitting regional security and development. US-Iran talks remain deadlocked and the Yemen situation has escalated sharply, keeping the risk of a large-scale regional conflict high.

TREE NEWS reports: Trezor CTO Tomáš Sušánka has detailed the trade-offs involved in adopting Bitcoin’s leading post-quantum signature scheme, highlighting that the path to quantum resistance runs uphill for wallet manufacturers. The comments focus on the technical compromises required to implement the scheme, without specifying which scheme or what the trade-offs entail.

TREE NEWS update: Nakamoto, a bitcoin treasury company, has secured a one-year extension on a 60 million USDT loan from Kraken, leaving no principal due in 2026. Derivatives now count toward the collateral backing its 165 million USDT loan, and the bitcoin pledged as of Sept. 30 covers the loan down to about $54,455 per bitcoin.

TREE NEWS update: A public letter demanding Jensen Huang be restored as Nvidia CEO had gathered 19,101 signatures as of 10:00 Beijing time on Nov. 14. The petition calls for Huang’s reinstatement pending an independent investigation, and Elon Musk said he would sign it. Altimeter CEO Brad Gerstner and Atreides CIO Gavin Baker also urged Nvidia’s board to keep Huang’s return on the table.

TREE NEWS update: Preparations for the 2026 APEC Leaders’ Meeting Week in Shenzhen are complete, Wang Xi, a standing committee member of the Guangdong provincial party committee and deputy head of the provincial preparatory leading group, said on May 14 at the first briefing held at the event’s press center. Wang said the host is ready to welcome guests from around the world.

TREE NEWS update: US Homeland Security Secretary Mullin said no evidence has been found indicating the incident was caused by a cyberattack or artificial intelligence. The department is still reviewing the possibility of a cyberattack and has not ruled it out, Mullin said.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps commander Vahidi said on November 13 that Iranian forces are at their “highest combat readiness” to respond to any possible attack, warning that if struck, Iran will “strike deep into enemy territory without any geographic limits.” The statement came as funerals were held in several Iranian cities for the remains of 350 soldiers killed during the Iran-Iraq war. President Pezeshkian and senior military officials attended the ceremonies.

TREE NEWS update: US Homeland Security Secretary Mullin said no cyberattack occurred and the investigation process is still underway, adding that the Federal Aviation Administration system failure is unrelated to the Microsoft outage. The ground stop was issued out of an abundance of caution, and the public was never in danger, he said.

TREE NEWS update: The U.S. Federal Aviation Administration’s ground stop is set to be lifted. No timing or scope was given in the material. The ground stop had halted flights; further details were not immediately available.

TREE NEWS update: Ukrainian soldiers are taking part in a three-week training course in Germany, run by the European Union Military Assistance Mission for Ukraine. The mission, launched in November 2022, trains Ukrainian troops in Poland and Germany. The course is the latest in the EU’s ongoing effort to support Ukraine’s military.

TREE NEWS update: The European Alliance of News Agencies (EANA) announced on 13 May that it has expelled Russian state news agency TASS. At the general assembly marking EANA’s 70th anniversary in Larnaca, Cyprus, Ukraine’s national news agency put forward the motion, and 19 of the 20 member agencies present voted in favor in a secret ballot.

TREE NEWS update: Air Canada will cancel all of its flights between Canada and the United States on Friday night, the carrier said. The announcement covers every round-trip service to and from the US scheduled for that evening. No reason for the cancellations or the number of affected flights was given.

TREE NEWS update: Alaska Airlines said it has canceled 220 flights on Friday so far, affecting more than 20,000 passengers. JetBlue Airways also canceled nearly all of its remaining Friday flights. The disruptions mark a significant operational hit for both carriers on the same day.

TREE NEWS update: US President Donald Trump said the air traffic control system failure was caused by old, damaged infrastructure, not a cyberattack or artificial intelligence, in an interview on July 13. He attributed the outage to deteriorating equipment rather than external threats. The remarks followed a disruption to the US air traffic control system.

TREE NEWS update: Federal Reserve Vice Chair Jefferson said the debt or deficit issue has never entered the Fed’s policy debate in his experience, and that political factors have never intruded on discussions at FOMC meetings he has attended. The FOMC will hear a report from the Fed’s special task force within a few months, possibly sooner. He also said the AI buildout is forcing him to watch aggregate demand, the source of inflation pressure.

TREE NEWS reports: The United States has lost its long-held measles elimination status after a year of continuous transmission and record case counts. The Pan American Health Organization, which verifies countries’ disease elimination status, reviewed the evidence before the change. The designation reflects sustained spread of the virus rather than a single outbreak.