Mohammed Haneefa Nizamudeen/iStock via Getty Images The last year has not been a good one for Japanese pharma company Daiichi Sankyo ( DSNKY ) ( DSKYF ) (4568.T). From earnings misses to worries about clinical efficacy and safety to questions about corporate strategy, it’s been a period where investors have hammered the shares on bad news (real or perceived) while giving little credit for positive developments. Daiichi Sankyo ADRs are down about a third since my last update in January 2025 , significantly underperforming the Japanese pharmaceutical sector (by around 50% as measured by the TOPIX Pharmaceutical Index) and the Japanese market overall. Data by YCharts While key drug Enhertu continues to perform well and Datroway is off to a good start, upcoming readouts like the AVANZAR study are crucial for the stock, and I expect a lot of scrutiny over the upcoming announcement of the next five-year plan. These shares do look meaningfully undervalued today, but a lot is riding on a handful of studies now, and these shares are not suitable for investors who can’t handle above-average risk. Fiscal Third Quarter Results Didn’t Help Daiichi Sankyo’s third quarter was a relative relief after a very disappointing fiscal second quarter, but there really wasn’t much in the way of good news. Moreover, there were a few modest negatives that, in the absence of any offsetting positives, serve to feed the bearish narrative for now. Revenue rose 11% in constant currency for the quarter. Overall, Enhertu revenues were up 37%, with a 32% increase in product revenue. Year-over-year comparisons for Datroway aren’t useful yet, but the 45% sequential growth was better than expected, and management once again raised full-year guidance for this drug. Key legacy drug Lixiana saw 4% revenue growth, and collectively these three compounds are about 60% of total revenue. Gross margin improved almost six points to 79.1%, and operating profit rose 45%, with the operating margin improving about th...

Anyone who paid the taxes should get reimbursed, but the high court did not address how. Business owners wonder if they'll need lawyers, brokers, money — or luck. (Image credit: ASM Games)

An NPR investigation finds the public database of Epstein files is missing dozens of pages related to sexual abuse accusations against President Trump. (Image credit: Department of Justice and Getty Images/Collage by Danielle A. Scruggs/NPR)

What does the Democratic leader see for himself in the years to come?

Snap continues to innovate, but the road to recovery will be long and very bumpy.

Nvidia's Q4 is expected to be enormous, but its stock now trades on the slope: guidance, margins, and proof that the AI spend curve is still steepening

Key PointsSnap is the parent company of Snapchat, which serves 474 million users every single day.

'Out Of Africa': Beijing Slashes Investment Up To 85% Authored by James Gorrie via The Epoch Times, For more than a decade, China’s footprint across Africa has expanded at a phenomenal pace. Railways in Kenya, ports in Tanzania, energy projects across sub-Saharan Africa, and militarized infrastructure in various places have meant billions in state-backed loans. For decades, Beijing has positioned itself as Africa’s largest trading partner and its most aggressive infrastructure financier. But something has changed. In some sectors, such as energy lending by Chinese development finance institutions, investment levels have fallen by as much as 85 percent from their peak years. That’s not a rounding error, that’s a strategic retreat. What’s really going on? Is China walking away from Africa? Or is Africa revealing something deeper about China’s own economic stress? It’s all of the above and more. The Pullback Is Real—and Sharp According to research cited by the Clean Air Task Force, Chinese development finance for African energy projects has declined roughly 85 percent since 2015. That’s a dramatic contraction in capital deployment. Separate reporting based on data from Boston University’s Global Development Policy Center shows that Chinese lending to Africa has fallen sharply in recent years. In some reports, China’s investment fell nearly 46 percent year over year in 2024 . This isn’t just a pause. It’s a reset. For years, Beijing fueled infrastructure growth across the continent through state-backed loans tied to its Belt and Road Initiative expansion . Now, the tap isn’t fully off, but it’s not flowing as freely as it used to. China Isn’t Leaving Africa, but It’s Changing How It Engages Before jumping to the “China is out of Africa” conclusion, it’s important to note a few critical facts. For one, China remains Africa’s largest trading partner. Trade volumes remain substantial and have even grown in recent years. But lending and investment are different from trade. ...

CBOE shares have outperformed the beloved Mag 7 group as a whole not just in 2026 but over the past year as well, with record-breaking results regularly giving shares a boost.

GIS has operated in a challenging environment for some time, with shares facing pressure as a result.

Wegovy and Mounjaro are available to certain patients on the NHS, and can also be bought privately.

格隆汇2月24日｜据每经，近日，特斯拉确认首台Cybercab量产车在美国得州下线，比原计划提前两个月。该车专为完全自动驾驶设计，无方向盘和脚踏板。业内认为其下线标志着特斯拉自动驾驶战略进入关键阶段。不过，Cybercab仍面临监管审批挑战，且行业对其发展路径看法不一。此外，特斯拉2025年财务数据下滑，正转向AI等领域，但近期资本市场反应并不乐观。 值得注意的是，亚马逊旗下的Zoox已于2025年8月获得此类联邦豁免，其无方向盘、无踏板的自动驾驶车辆目前已获准在拉斯维加斯和旧金山提供有限的公共出行服务。据悉，该车在设计上取消了传统意义上的车头与车尾，车身完全对称，支持双向行驶。从全年表现看，特斯拉2025年核心财务及交付数据均出现下滑。财报显示，2025年特斯拉营收为948.27亿美元，同比下降约3%；GAAP（通用会计准则）净利润为37.94亿美元，同比下降约46%。交付量方面，特斯拉2025年累计交付汽车163.61万辆，同比下滑8.55%。

格隆汇2月24日｜据环球时报，美国东部时间2026年2月20日，大疆创新正式向美国第九巡回上诉法院提起上诉，挑战美国联邦通信委员会（FCC）2025年12月23日将大疆及产品列入“受管制清单”的不当决定。大疆创新方面24日表示，此举旨在维护大疆创新的合法权益、保护依赖大疆产品却受到禁令影响的美国消费者及广大农业行业用户利益。大疆在诉状中表示，FCC的这一决定存在严重的程序瑕疵和实质缺陷。FCC在未能提供任何实质证据证明大疆产品对美国国家安全构成威胁的情况下，即将其列入“受管制清单”，此举不仅违背正当程序原则，更涉嫌违反美国宪法及联邦相关法律。 据路透此前消息，FCC曾于当地时间2025年12月22日表示，已将大疆以及所有外国制造的无人机及其零部件列入一份被认定“对美国国家安全构成不可接受风险”的企业清单，并将禁止批准新的无人机型号对美国进口或销售。根据美国《安全可信通信网络法案》以及2022年11月25日FCC发布的关于该法案的新规，被列入上述清单的外国无人机企业，将无法获得FCC的批准，在美国销售新的无人机型号。而获取FCC的授权证书是通信产品或服务进入美国市场的必要条件。对此，大疆创新表示，对于被列入这份管制清单的决定“感到失望”。大疆创新称：“此举不仅限制了美国消费者与商业用户的选择自由，也损害了开放、公平竞争的市场原则”。

共45只个股出现了机构的身影。 盘后数据显示，2月24日龙虎榜中，共45只个股出现了机构的身影，有30只股票呈现机构净买入，15只股票呈现机构净卖出。 当天机构净买入前三的股票分别是华工科技、铜冠铜箔、上海电影，净买入金额分别是1.89亿元、1.88亿元、1.85亿元。 当天机构净卖出前三的股票分别是税友股份、每日互动、视觉中国，净流出金额分别是3.2亿元、1.65亿元、9357万元。

格隆汇2月24日｜昨日收涨1.68%的智利矿业化工(SQM.US)今日美股盘前续涨2.23%，报74.7美元。消息面上，在全球供应过剩局面逐步缓解之际，智利矿业化工与智利国家铜业公司(Codelco)的锂业合作项目去年生产的锂略高于此前预测。据悉，双方的合资企业NovaAndino Litio SpA在2025年生产了23.3万吨碳酸锂当量，这一产量高于2024年水平，也略高于智利矿业化工在去年11月给出的“接近23万吨”的最新指引。(格隆汇)

The deaths of 72 captive tigers at a private park popular with tourists in northern Thailand have renewed scrutiny of a lucrative industry that campaigners warn treats wild animals as “entertainment”. The outbreak at Tiger Kingdom in Chiang Mai began in early February, with authorities initially attributing the deaths to canine distemper – a virus carried by dogs but often fatal to big cats. A deeper investigation is under way, with some medical experts suspecting contaminated food may have been...

美国东部时间2026年2月20日，大疆创新正式向美国第九巡回上诉法院提起上诉，挑战美国联邦通信委员会（FCC）2025年12月23日将大疆及产品列入“受管制清单”的不当决定。大疆创新方面表示，此举旨在维护大疆创新的合法权益、保护依赖大疆产品却受到禁令影响的美国消费者及广大农业行业用户利益。（环球网）

In this article TSLA BYD Follow your favorite stocks CREATE FREE ACCOUNT Elon Musk, chief executive officer of Tesla Inc., during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 22, 2026. Bloomberg | Bloomberg | Getty Images U.S. electric vehicle maker Tesla 's sales in Europe were down for a 13th consecutive month in January, while its biggest Chinese rival saw another surge. Data published Tuesday by industry lobby group ACEA, or the European Automobile Manufacturers Association, found that Tesla's new car registrations fell to 8,075 in January, down 17% from a year ago, representing the 13th consecutive month in which sales have shrunk. Tesla's market share across the European Union, Britain, Switzerland, Norway and Iceland fell to 0.8%, meanwhile, down from 1% in the same month last year. It marks another "very weak" start of the new year for Elon Musk 's company, Rico Luman, senior sector economist for transport and logistics at Dutch bank ING, told CNBC by email. "Tesla's image has deteriorated in Europe last year and people have much more choice now with the range of new affordable EVs (including those of BYD and others like MG and ZEEKR) entering the market, while Tesla lacks new models," he added. Tesla's focus on autonomous driving , rather than introducing new vehicles and expanding its range of mass models, is likely a factor too, Luman said. "Another thing in Europe is that large numbers of first generations of Tesla's are remarketed at the moment (after being leased for 4-6 years), this has driven second hand prices down," Luman said, adding that there's an abundance of competitively priced Tesla's available on the used market. A Tesla car is being charged at a Tesla electrical vehicle charging station in Norheimsund, Norway, Aug. 22, 2025. Sergei Gapon | Afp | Getty Images Tesla has been beset by challenges in Europe , including robust competition, particularly from Chinese car brands. It's also struggled to shake off reputatio...

贝因美公告，公司作为原告的专利合同纠纷案已受理，涉案金额为5685.24万元。同时，公司作为被告的反诉案件也已受理，涉案金额为7725.39万元。目前，两起案件均未开庭审理。

Oleh_Slobodeniuk/E+ via Getty Images Introduction VanEck Vietnam ETF ( VNM ) is an exchange-traded fund that seeks to replicate the performance of its chosen benchmark index, the MarketVector™ Vietnam Local Index (MVVNMLTR), which tracks securities of publicly traded companies that are locally incorporated in Vietnam. VNM is a well-known Vietnam-tracking ETF offered by VanEck , with an expense ratio of 0.68% (not cheap) and assets under management of $648.17 million as of February 20, 2026. The ETF was set up in November 2009. Holdings and Sector Exposures VNM has 54 holdings, with significant sector exposures including Financial Services (31.14%), Real Estate (27.25%), Industrials (16.90%), and Consumer Defensive (10.83%). Morningstar The Vietnamese stock market lacks the kind of breadth you see in more developed markets, but the concentration at the top is not too fierce. The largest holdings are Vingroup JSC, a private Vietnamese conglomerate, at 8.42%; Vinhomes JSC, the largest commercial real estate developer in Vietnam, at 8.22%; and Masan Group Corp., one of the top three largest private sector conglomerate companies in Vietnam, at 6.91%. The most up-to-date holdings information can be found here . Cyclical Positioning The VNM portfolio is reasonably balanced but overweight in sectors that are generally mature and defensive. The portfolio is essentially a soft bet on the Vietnamese business economy and, to perhaps some extent, a bet on a stronger local currency vs. the dollar (adjusted for interest rates). More broadly, VNM is a more specific bet on emerging markets in Asia. Emerging market equities tend to perform best when growth is accelerating and rates are falling. Global central bank posture is currently in a neutral-easing stance while the growth picture looks neutral-positive . All considered, VNM is cyclically reasonably well positioned, and the portfolio does not look especially problematic from a concentration standpoint, particularly if the ETF re...

wildpixel/iStock via Getty Images China has banned the export of dual-use items, including rare earths, to 20 Japanese entities to curb Japan's remilitarization, the latest escalation of its months-long dispute with Tokyo over Taiwan. The ban targets Japanese entities including Mitsubishi Heavy Industries' ( MHVYF ) ( MHVIY ) shipbuilding and aerospace units, Kawasaki Heavy Industries' ( KWHIY ) ( KWHIF ) aerospace division, and Fujitsu Defense & National Security, China's commerce ministry announced . The export control applies to over 800 dual-use items that can be used both for civilian and military purposes, such as critical minerals, electronics, chemicals, and pharmaceuticals. The commerce ministry also added 20 other Japanese entities — whose end-users and end uses of dual-use items can't be verified — to a watchlist. These include Subaru ( FUJHY ), Sumitomo Heavy Industries ( SOHVY ), ITOCHU Aviation, and Mitsubishi Materials ( MIMTF ). "These measures aim to curb Japan's 'remilitarization' and nuclear ambitions, and are entirely legitimate, reasonable, and legal," the ministry's spokesperson said. "They will not affect normal Sino-Japanese economic and trade exchanges, and law-abiding Japanese entities have absolutely nothing to worry about." Kei Sato, Japan's deputy chief cabinet secretary, said China's moves are "unacceptable and extremely regrettable" and demanded their immediate withdrawal. "We will carefully examine the details and potential impact of these measures and take all necessary steps in response," he added. Tensions escalated between Beijing and Tokyo over Japanese Prime Minister Sanae Takaichi's comments late last year, in which she implied that Japan could intervene if Taiwan were attacked. More on China, Japan Chinese Stocks, FXI After SCOTUS' Tariff Ruling Is China Really Dumping U.S. Treasuries? Japan's Moment: Elections, Flows And Global Opportunities Japan's Election Shock: The Yen Trade Wall Street Can't Ignore

Willie B. Thomas/DigitalVision via Getty Images Investment thesis Could Main Street Capital Corporation ( MAIN ) be considered a reasonable bond complement? In this article, we explore the pros and cons and conclude that it would be a solid candidate for investors who want incremental yield gains, diversification, and extra protection against inflation. We also examine which types of investors might use MAIN this way and those who should not. What is a bond complement? It is a security that can help increase investors’ income, help mitigate inflation, and provide diversification for a bond portfolio or a portfolio heavily weighted to bonds. For example, BlackRock describes its BlackRock Strategic Income Opportunities Portfolio Investor C Shares ( BSICX ) as a “Flexible, core bond complement”. It adds that the fund seeks to diversify across markets and strategies while seeking total returns that are consistent with the preservation of capital. Asset classes that make good complements include real estate investment trusts, preferred shares, infrastructure income stocks, dividend Aristocrats, and BDCs (Business Development Companies). Why MAIN is a complement candidate MAIN is a BDC and apparently an aspiring Dividend Aristocrat. Regarding the former, a BDC must, by law, distribute 90% or more of its taxable income to hold its pass-through tax status. This means BDCs often retain less of their earnings and pass more along to their shareholders. To put it another way, MAIN is structurally bound to maintain its reasonably high dividends. It can only maintain its dividends, though, if it can avoid bad investments and continue to generate earnings. To that end, it has a conservative approach to its business, as some facts in this table from its Q3 2025 earnings report confirm: MAIN portfolio summary table (Q3 2025 earnings report) First, note the diversification that comes from putting capital into both debt and equity. The company also tells us its debt and equity investm...

格隆汇2月24日｜风语筑公告，至本公告披露日，最近7个交易日（2026年2月6日至2026年2月24日），公司股票收盘价累计涨幅41.99%，存在市场情绪过热、非理性炒作风险。公司股价短期上涨幅度较大，存在公司股票短期上涨过快可能出现下跌的风险。

克里姆林宫表示，无法确认下一轮俄乌会谈的日期和地点。

格隆汇2月24日｜克里姆林宫表示，无法确认下一轮俄乌会谈的日期和地点。

格隆汇2月24日｜大族激光(002008.SZ)公告称，为拓展海外业务，提升服务能力，公司计划在海外投资设立运营中心，投资金额为1.5亿美元，拟选址东南亚。该投资不构成关联交易，亦不构成重大资产重组。

匈牙利方面威胁称，只要乌方不恢复对匈牙利输油，匈方将阻止所有对乌克兰至关重要的欧盟决议 当地时间2026年2月18日，匈牙利布达佩斯，外交与贸易部长彼得·西雅尔多在内阁会议后举行记者会。图：视觉中国 【财新网】 因受内部成员国阻挠，欧盟对乌克兰的支持计划暂时陷入僵局。 2月23日，欧盟外交与安全政策高级代表卡拉斯在布鲁塞尔举行的欧盟外长会议结束后在发布会上表示，由于匈牙利提出反对，欧盟当天未能就出台第 20 轮对俄制裁方案达成一致。“这是一次挫折，也是我们今天不想传递的信息。” 俄乌战争爆发四周年前夕，欧盟各成员国外长曾紧急磋商，希望能在2月24日这一战事四周年纪念日前，敲定制裁俄罗斯“影子船队”以落实禁运和旨在大幅削减俄能源收入的第20轮制裁方案；以及给予一笔旨在帮助乌克兰满足未来两年军事和经济需求的900亿欧元（约合1060亿美元）贷款。