J&J Subsidiary Ordered to Pay $1 Billion in Damages; Bayer Receives Shanghai GOI Certification; Zeekr Energy Partners with Shell!

International News :

Raw Material News-Syensqo's high service temperature prepreg replaces titanium in Boeing 

Automotive News-The European Union initiates anti-dumping investigations into imported pneumatic rubber tyres for passenger cars and light trucks from China.

Electronic News-Cannon Viking launches two new machines for continuous slabstock polyurethane foam production

Packaging News- Greco Project Creates High-Performance Biodegradable Food Packaging

Medical headlines-J&J Faces $147M Antitrust Verdict in Catheter Case

Macro NewsThe House Rules Committee approves Trump's comprehensive tax cut bill.

Price Information- Ethylene Asia: CFR Northeast Asia $780/ton; CFR Southeast Asia $870/ton

Below are the details of international news: 

1、OPECReportedly, discussions are underway to increase production by 411,000 barrels per day in July.

On May 22, it was reported that OPEC+ members were discussing whether to agree on another large-scale production increase at the June 1 meeting, which could be the organization's third consecutive month of adding extra oil production to the market. Delegates said that one of the options under discussion was to increase production by 411,000 barrels per day in July, but no final agreement had been reached.

2、Syensqo's high service temperature prepreg replaces titanium in Boeing 

3、The European Union has initiated an anti-dumping investigation into pneumatic rubber tires for new passenger cars and light trucks from China.

On May 21, the European Commission announced that, in response to the application submitted by the Coalition Against Unfair Tyre Imports on April 7, 2025, it has initiated an anti-dumping investigation into new pneumatic rubber tyres for passenger cars and light commercial vehicles originating from China. The products involved are new pneumatic rubber tyres for passenger cars and light commercial vehicles used on motor vehicles (including station wagons and racing cars), buses, or trucks with a load index not exceeding 121.

4、J&J Faces $147M Antitrust Verdict in Catheter Case

5. BayerCo.Lab Recognized as a Large Enterprise Open Innovation Center in Shanghai Pudong New Area

Co.Lab has officially been recognized by the Pudong New Area of Shanghai as a Major Enterprise Open Innovation Center (GOI), becoming an important partner in Pudong's efforts to build an international biopharmaceutical innovation hub. Joining the GOI signifies that Co.Lab, as Bayer's frontier window and new platform for external collaboration, will further deepen its connection with the local biopharmaceutical innovation ecosystem. It will fully leverage Bayer's global innovation resources, cooperation networks, and industry-leading position to vigorously promote the transformation of early-stage innovative achievements, empower the development of startups, and accelerate the construction of an open innovation cluster for China's pharmaceutical industry.

6、ZEEKR Energy partners with Shell, and the first batch will be connected.666 Shell charging stations

On May 22, it was reported that ZEEKR announced yesterday that ZEEKR Energy had reached a cooperation with Shell, and the first batch of 666 Shell charging stations, with a total of more than 12,000 high-quality charging terminals, had been connected.According to the introduction, the scale of third-party high-quality charging terminals connected to ZEEKR Energy has exceeded 100,000.1.29 million, achieving 100% coverage of all prefecture-level cities in mainland China. Among them, the number of high-speed service areas connected has reached 5,025; the number of ultra-fast charging stations (single-gun peak power ≥ 360kW) connected has reached 7,448.

7. Europe Greco Project Builds High-Performance Biodegradable Food Packaging

In May 2025, an important research project named Greco successfully secured €7.6 million (approximately 61.8 million RMB) in funding from the Horizon Europe program. This financial injection will provide strong support for the innovative development of the food packaging industry, with the potential to reshape the entire industry landscape through innovative technologies and sustainable solutions.

8. Nike, multiple products will increase in price.

According to reports from American media, Nike will raise prices on a large number of footwear, apparel, and equipment products starting this week. Among them, products priced atShoe styles priced between $100 and $150 will increase by $5, while those over $150 will see a $10 price hike. Sources said that the price adjustment measures will take effect no later than June 1st, but some items may reflect the retail price this week. In response to media inquiries, Nike avoided mentioning tariffs and only stated that the company regularly assesses its business situation and adjusts prices in seasonal planning.

9、Cannon Viking has launched two new devices for the continuous production of block polyurethane foam.

Cannon Viking has launched two new machines for continuous production of block foam—Purform and Purform Elite. These next-generation machines, available globally from May 20th, represent a revolutionary breakthrough in the field of continuous block foam production.

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