Novo Nordisk shares were under pressure on Monday as the struggling Danish pharmaceutical said a head-to-head study found a drug in development didn’t cut as much weight as an Eli Lilly product.
Novo Nordisk shares were under pressure on Monday as the struggling Danish pharmaceutical said a head-to-head study found a drug in development didn’t cut as much weight as an Eli Lilly product.
Key market opportunities for the e-commerce BNPL sector include expanding into emerging markets, leveraging partnerships with fintech, focusing on responsible lending, integrating AI credit scoring, and offering innovative services like Installments-as-a-Service. Rapid online shopping growth further fuels demand. E-Commerce Buy Now Pay Later Market E-Commerce Buy Now Pay Later Market Dublin, Feb. ...
Key market opportunities for the e-commerce BNPL sector include expanding into emerging markets, leveraging partnerships with fintech, focusing on responsible lending, integrating AI credit scoring, and offering innovative services like Installments-as-a-Service. Rapid online shopping growth further fuels demand. E-Commerce Buy Now Pay Later Market E-Commerce Buy Now Pay Later Market Dublin, Feb. 23, 2026 (GLOBE NEWSWIRE) -- The "E-Commerce Buy Now Pay Later Market Report 2026" has been added to
sommart/iStock via Getty Images By Carsten Brzeski, Global Head of Macro and James Knightley, Chief International Economist, US What we know about President Trump’s latest tariff announcements (and what we don’t know). It took only a few hours after the US Supreme Court had ruled against the US administration’s emergency tariffs from 'Liberation Day' (here is our original reaction piece) , before ...
sommart/iStock via Getty Images By Carsten Brzeski, Global Head of Macro and James Knightley, Chief International Economist, US What we know about President Trump’s latest tariff announcements (and what we don’t know). It took only a few hours after the US Supreme Court had ruled against the US administration’s emergency tariffs from 'Liberation Day' (here is our original reaction piece) , before President Donald Trump announced a new round of tariffs. As expected, the US administration is invoking Section 122 of the 1974 Trade Act, which allows tariffs of up to 15% for as long as 150 days to quickly address “international payment problems”. The tariffs would expire after 150 days unless Congress extends them. However, the President could, in theory, allow the surcharge to expire, declare a new emergency, and restart the 150-day period. This would create a de facto perpetual tariff instrument. While the official White House communication stated that the tariff would be 10% as of 24 February, Trump a day later said that he would put the tariff at 15%. To be clear, these tariffs were not subject to the Supreme Court’s ruling. However, the use of Section 122 could bring new legal problems for Trump. In fact, Section 122 goes back to the era of the gold standard and fixed exchange rates. It’s a trade instrument that has never been used in practice, as the fixed exchange rate regime had come to an end when the 1974 Trade Act was finally approved. It won’t be easy to argue that the US currently has a balance of payment crisis as, by definition, the balance of payments is always in balance. New tariffs are only smoke and mirrors for other options Given that the latest tariffs can also be legally challenged, they might just be a measure to buy some time for another tariff option: Section 301 of the 1974 law. This Section 301 addresses unfair trade practices or violations of trade agreements but requires more thorough investigations. How do the new tariffs relate to existing...
kibrick/iStock via Getty Images Investment Philosophy: The Harbor Large Cap Value Fund invests primarily in equity securities, principally common and preferred stocks, of companies with market capitalizations that fall within the range of the Russell 1000® Value Index. Aristotle employs a fundamental, bottom-up research driven approach to identify companies it believes are undervalued by the marke...
kibrick/iStock via Getty Images Investment Philosophy: The Harbor Large Cap Value Fund invests primarily in equity securities, principally common and preferred stocks, of companies with market capitalizations that fall within the range of the Russell 1000® Value Index. Aristotle employs a fundamental, bottom-up research driven approach to identify companies it believes are undervalued by the market. The Fund typically maintains a concentrated portfolio of approximately 35 to 45 holdings. Performance As of 12/31/2025 Average Annual Returns Share Class Ticker CUSIP 3 Months YTD 1 Yr. 3 Yr. 5 Yr. 10 Yr. Since Inception Inception Date Net Expense Ratio % Gross Expense Ratio % Institutional HAVLX 411511603 1.26% 11.07% 11.07% 12.61% 8.70% 11.65% 10.17% 12/29/87 0.69 0.72 Investor HILVX 411511744 1.15% 10.71% 10.71% 12.21% 8.32% 11.23% 9.39% 11/01/02 1.04 1.07 Retirement HNLVX 411512478 1.23% 11.11% 11.11% 12.69% 8.79% 11.72% 10.19% 03/01/16 0.61 0.64 Russell 1000® Value Index 3.81% 15.91% 15.91% 13.90% 11.33% 10.53% 10.52% 12/29/87 Click to enlarge Manager Commentary As of 12/31/2025 "Our work is ultimately centered on understanding individual businesses – how they compete, how they allocate capital, and how their economics change over time." Aristotle Capital Management, LLC Market in Review U.S. equity markets reached new all-time highs during the fourth quarter of 2025. The S&P 500 Index rose 2.66%, while fixed-income markets also finished higher with the Bloomberg US Aggregate Bond Index up 1.10% for the quarter. Value stocks handily outperformed growth stocks – the Russell 1000® Value Index outperformed its growth counterpart by 2.69%. Within the Russell 1000® Value Index, eight out of the 11 sectors posted positive returns. The best-performing sectors were Information Technology, Communication Services, and Health Care, whereas Real Estate, Utilities, and Consumer Discretionary were the weakest segments. The U.S. economy has continued to demonstrate resilience. Rea...
Justin Trudeau has forked over $3.1 million for an expansive estate in Montreal’s exclusive Outremont neighborhood—and got the seal of approval from girlfriend Katy Perry.
Justin Trudeau has forked over $3.1 million for an expansive estate in Montreal’s exclusive Outremont neighborhood—and got the seal of approval from girlfriend Katy Perry.
Richard Drury/DigitalVision via Getty Images Introduction & Investment Thesis The Trade Desk ( TTD ) stock has had a rough start in 2026, down 33% YTD. In my previous post on the stock, I kept my “buy” rating, as the company was reportedly loosening its grip on pricing to secure a higher portion of ad spend among their JBPs (Joint Business Plans) at a time when the DSP (Demand Side Platform) battl...
Richard Drury/DigitalVision via Getty Images Introduction & Investment Thesis The Trade Desk ( TTD ) stock has had a rough start in 2026, down 33% YTD. In my previous post on the stock, I kept my “buy” rating, as the company was reportedly loosening its grip on pricing to secure a higher portion of ad spend among their JBPs (Joint Business Plans) at a time when the DSP (Demand Side Platform) battles have been intensifying and the company’s narrative is under immense pressure. While Jeff Green, CEO of The Trade Desk, expressed his optimistic views on the future of the "open web" at the CES 2026 conference at the start of the year, it soon afterwards terminated its CFO, who had been at the job for less than 6 months. Such kind of executive leadership instability is never good at a time when investor confidence is already at its low. Meanwhile, The Trade Desk’s new archenemy in the CTV (Connected TV) space, Amazon ( AMZN ), reported their Q4 earnings , where Amazon Ads continued to grow at 22%, while The Trade Desk is expected to grow their Q4 FY25 revenue at just 13.5%, demonstrating market share loss. The way I see it, the management has a LOT to prove at this point to reinstill investor confidence. While one may point to its depressed forward price-to-earnings ratio, I believe the stock won’t be re-rated higher until management can demonstrate meaningful revenue acceleration ahead. At this point, I have chosen to abandon The Trade Desk ship at a significant loss and instead chosen to reallocate to a relatively “safer” bet, which I will discuss below. In the meantime, I will also downgrade my rating on The Trade Desk stock to a "hold." What I Said Earlier In my previous post, I discussed that The Trade Desk is reportedly loosening its grip on pricing as the battle of the DSPs intensifies. Based on this article , a couple of large media agencies have been able to procure a 1-2% reduction in fees as well as post-auction discounts with The Trade Desk if they surpass a c...
P_Wei/E+ via Getty Images Stock index futures slipped on Monday as renewed uncertainty gripped markets following President Donald Trump’s recent tariff announcement. Dow futures ( INDU ) fell 0.25%, S&P 500 futures ( SPX ) edged lower by 0.18%, while Nasdaq 100 futures ( US100:IND ) declined 0.35%. Treasury yields were mixed. The 2-year yield ( US2Y ) held steady at 3.48%. The 10-year yield ( US10...
P_Wei/E+ via Getty Images Stock index futures slipped on Monday as renewed uncertainty gripped markets following President Donald Trump’s recent tariff announcement. Dow futures ( INDU ) fell 0.25%, S&P 500 futures ( SPX ) edged lower by 0.18%, while Nasdaq 100 futures ( US100:IND ) declined 0.35%. Treasury yields were mixed. The 2-year yield ( US2Y ) held steady at 3.48%. The 10-year yield ( US10Y ) slipped to 4.08%, down 1.2 basis points, while the 30-year yield ( US30Y ) eased to 4.72%, falling 0.4 basis points. Trump on Saturday said that he will increase his newly announced global tariff level to 15% from 10% after the U.S. Supreme Court struck down most of the tariffs he imposed last year. Top gainers in premarket trading included Eli Lilly ( LLY ) +2.34%, Revvity ( RVTY ) +1.95%, and Corning ( GLW ) +1.86%. Decliners included Smurfit Westrock ( SW ) -6.54%, Packaging Corporation of America ( PKG ) -5.59%, and TE Connectivity ( TEL ) -5.22%. More on markets Wax On, Wax Off: The Real Winners Of The Tariff Shock Goodbye Old Tariffs, Hello New Tariffs S&P 500: Best Case Scenario? Another Failed Rally (Technical Analysis) After the Supreme Court's tariff ruling, here's what could be next for stocks SCOTUS ruling could put over $175B in U.S. tariff revenue at risk, Penn-Wharton estimates
The latest in our series of writers on their most important comfort films is a celebration of Nicolas Cage’s finest action moment It’s easy to poke fun at Nicolas Cage. Between the meltdown memes, dodgy hairdos and his more taxman-friendly choices of roles, he has frequently made himself a target for ridicule among the masses. Fresh off an Oscar win for Leaving Las Vegas, the actor’s decision to f...
The latest in our series of writers on their most important comfort films is a celebration of Nicolas Cage’s finest action moment It’s easy to poke fun at Nicolas Cage. Between the meltdown memes, dodgy hairdos and his more taxman-friendly choices of roles, he has frequently made himself a target for ridicule among the masses. Fresh off an Oscar win for Leaving Las Vegas, the actor’s decision to follow up with three action films must have seemed baffling at the time. The gambit paid off, though. Consisting of The Rock, Con Air and Face/Off, this unofficial “trilogy” of blockbusters would showcase the fundamental unknowability of Nicolas Cage. Continue reading...
Thursday’s stakes could not be higher. We know Labour has failed and Farage’s Reform is poisonous. I want to win Gorton and Denton as a fresh start Hannah Spencer is the Green party candidate in this week’s Gorton and Denton byelection I didn’t grow up planning to be a politician. I’m a tradesperson from Manchester. I left school at 16 and have been a plumber ever since. Last week, I also qualifie...
Thursday’s stakes could not be higher. We know Labour has failed and Farage’s Reform is poisonous. I want to win Gorton and Denton as a fresh start Hannah Spencer is the Green party candidate in this week’s Gorton and Denton byelection I didn’t grow up planning to be a politician. I’m a tradesperson from Manchester. I left school at 16 and have been a plumber ever since. Last week, I also qualified as a plasterer, with a distinction. So until now, I’ve spent my working life fixing homes. But after years of watching things fall apart, I’m done waiting for someone else to change things. It’s time to turn my hand to fixing whole communities – and join our Green MPs determined to repair our broken politics. Gorton and Denton deserves an MP rooted in this community – someone who works here, understands this place and genuinely cares. After thousands of doorstep conversations, it’s clear people are done with Labour. This byelection is now a straight fight between the Green party and Reform UK. Labour knows it, and Reform’s candidate, Matthew Goodwin, knows it too. Continue reading...
A huge vaccination drive has been launched after the country’s first outbreak in years of the paralysing disease. But the battle to wipe out the virus is struggling elsewhere, so how can it be eradicated? As a seven-year-old boy is treated for polio at a hospital in Malawi, the country has launched a major vaccination campaign to stem an outbreak of the disease. The effort in Malawi, one of the wo...
A huge vaccination drive has been launched after the country’s first outbreak in years of the paralysing disease. But the battle to wipe out the virus is struggling elsewhere, so how can it be eradicated? As a seven-year-old boy is treated for polio at a hospital in Malawi, the country has launched a major vaccination campaign to stem an outbreak of the disease. The effort in Malawi, one of the world’s poorest countries and badly hit by the aid cuts, has seen an astonishing 1.3 million children already vaccinated against the disease in just four days after emergency supplies were airlifted in by the World Health Organization (WHO) just over a week ago. Continue reading...
New Art UK chair Ben Terrett appointed as charity marks 10 years of building online database From a bronze Rodin sculpture of the naked Eve outside a Nando’s in Harlow to more than 6,000 artworks by JMW Turner , to a crumpled-up piece of A4 paper owned by Manchester Art Gallery, the UK’s public art collection is a wonderful and varied thing. It is huge, as demonstrated by the charity Art UK , whic...
New Art UK chair Ben Terrett appointed as charity marks 10 years of building online database From a bronze Rodin sculpture of the naked Eve outside a Nando’s in Harlow to more than 6,000 artworks by JMW Turner , to a crumpled-up piece of A4 paper owned by Manchester Art Gallery, the UK’s public art collection is a wonderful and varied thing. It is huge, as demonstrated by the charity Art UK , which has announced it has reached a million artworks on its database and appointed a new chair who said: “We’ve only scratched the surface.” Continue reading...
Arousal may be spontaneous, or arise in response to sensory stimulation, memory, fantasy or emotional connection. Here’s how to understand the differences What turns you on? Depending on the person, the answer to that question will vary wildly. But what is really going on under the, ahem, hood when we start to get in the mood? The first scientists to really take the physiology of sex seriously – o...
Arousal may be spontaneous, or arise in response to sensory stimulation, memory, fantasy or emotional connection. Here’s how to understand the differences What turns you on? Depending on the person, the answer to that question will vary wildly. But what is really going on under the, ahem, hood when we start to get in the mood? The first scientists to really take the physiology of sex seriously – or at least break the taboos around talking about it – were William Masters and Virginia Johnson, sexologists who began their studies in the 1950s (and got married in 1971). “They came up with what’s known as the four-stage model, which was that the body gets aroused, you hit a plateau, you have an orgasm, you go back down to baseline,” says Dr Angela Wright, a GP and clinical sexologist based in Yorkshire. Continue reading...
Fitness-friendly young Chinese travellers are turning to a new trend known as “sportcation” which blends physical health with leisure. Health conscious tourists are spending 20,000 yuan (US$2,800) not to relax, but to endure military-style tennis camps, turning the romantic island of Bali into a gruelling Indonesian sporting getaway. In the trend, which as the name suggests blends sport and holida...
Fitness-friendly young Chinese travellers are turning to a new trend known as “sportcation” which blends physical health with leisure. Health conscious tourists are spending 20,000 yuan (US$2,800) not to relax, but to endure military-style tennis camps, turning the romantic island of Bali into a gruelling Indonesian sporting getaway. In the trend, which as the name suggests blends sport and holiday, physical activity becomes the central focus of travel. Instead of sightseeing or lounging on the...
Ahead of the State of the Union address on Tuesday, evidence continues to mount that President Trump is facing political headwinds. (Image credit: Alex Wong)
Ahead of the State of the Union address on Tuesday, evidence continues to mount that President Trump is facing political headwinds. (Image credit: Alex Wong)
The Trump administration has ordered several coal plants to keep operating past their planned retirement, part of a larger effort to boost the coal industry. Two Colorado utilities are pushing back. (Image credit: Hart Van Denburg)
The Trump administration has ordered several coal plants to keep operating past their planned retirement, part of a larger effort to boost the coal industry. Two Colorado utilities are pushing back. (Image credit: Hart Van Denburg)
The latest wellness craze involves injecting these molecules for athletic performance, longevity and more. Scientists say the research isn't keeping pace with the health claims. (Image credit: iloliloli/iStockphoto)
The latest wellness craze involves injecting these molecules for athletic performance, longevity and more. Scientists say the research isn't keeping pace with the health claims. (Image credit: iloliloli/iStockphoto)