L'Oreal shares fell at the European Open after the French beauty group posted disappointing sales growth in the fourth quarter, held back by its luxury division and weakness in the region that includes China. Sales rose 6% on a like-for-like basis, L’Oréal said in a statement Thursday, missing analysts expectations for an increase of 6.5%. Eirik Lie, Kongsberg’s head of its defense & aerospace bus...
L'Oreal shares fell at the European Open after the French beauty group posted disappointing sales growth in the fourth quarter, held back by its luxury division and weakness in the region that includes China. Sales rose 6% on a like-for-like basis, L’Oréal said in a statement Thursday, missing analysts expectations for an increase of 6.5%. Eirik Lie, Kongsberg’s head of its defense & aerospace business told Bloomberg TV he sees demand for anti-missile and anti-drone systems growing and that the firm wants to expand NASAMS [National Advanced Surface-to-Air Missile System] to be a full-spectrum air defense system. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
US equity futures fall after a heavy tech selloff on AI disruption woes as investors await the latest inflation print. Aluminum drops as the Trump administration is said to be working on narrowing the scope of its tariffs on some metal products. NASA sends Crew-12 in a SpaceX capsule headed for the International Space Station. Max Kettner of HSBC looks ahead to the January CPI data. Ukrainian Parl...
US equity futures fall after a heavy tech selloff on AI disruption woes as investors await the latest inflation print. Aluminum drops as the Trump administration is said to be working on narrowing the scope of its tariffs on some metal products. NASA sends Crew-12 in a SpaceX capsule headed for the International Space Station. Max Kettner of HSBC looks ahead to the January CPI data. Ukrainian Parliament's Anti-Corruption Committee Chair Anastasiya Radin joins from the Munich Security Conference. (Source: Bloomberg)
jetcityimage/iStock Editorial via Getty Images Eli Lilly ( LLY ) has built up its inventory for its experimental weight loss pill, orforglipron, as the Indiana-based pharma giant awaits a potential FDA approval for the oral GLP-1 drug over the coming months, according to a regulatory filing. With its 10-K filing on Thursday, the company recorded $1.5B as pre-launch inventories primarily related to...
jetcityimage/iStock Editorial via Getty Images Eli Lilly ( LLY ) has built up its inventory for its experimental weight loss pill, orforglipron, as the Indiana-based pharma giant awaits a potential FDA approval for the oral GLP-1 drug over the coming months, according to a regulatory filing. With its 10-K filing on Thursday, the company recorded $1.5B as pre-launch inventories primarily related to orforglipron as of Dec. 31, 2025, compared to $548.1M a year ago. In an interview with Reuters, Lilly’s ( LLY ) medical chief said in January that the company has enough supplies of orforglipron to meet the anticipated demand once the FDA approves the once-daily pill. LLY has won a U.S. National Priority Voucher for orforglipron, which is currently on track for a potential U.S. regulatory nod in Q2 2026 as an oral treatment option for obese or overweight adults. Rival Novo Nordisk ( NVO ) has already gained first-mover advantage in the market for oral weight loss drugs after the Danish drugmaker introduced its Wegovy pill for cash-paying U.S. customers at $149 per month last month. More on Eli Lilly Eli Lilly: Positives Outweigh The Concerns Eli Lilly and Company 2025 Q4 - Results - Earnings Call Presentation Eli Lilly and Company (LLY) Q4 2025 Earnings Call Transcript Novo Nordisk said to follow Lilly and sell obesity shot Wegovy in vial Eli Lilly gains approval of mirikizumab in China for bowel diseases
Sensient Technologies press release ( SXT ): Q4 Non-GAAP EPS of $0.72 misses by $0.05 . Revenue of $393.4M (+4.5% Y/Y) misses by $2.3M . More on Sensient Technologies Seeking Alpha’s Quant Rating on Sensient Technologies Historical earnings data for Sensient Technologies Dividend scorecard for Sensient Technologies Financial information for Sensient Technologies
Sensient Technologies press release ( SXT ): Q4 Non-GAAP EPS of $0.72 misses by $0.05 . Revenue of $393.4M (+4.5% Y/Y) misses by $2.3M . More on Sensient Technologies Seeking Alpha’s Quant Rating on Sensient Technologies Historical earnings data for Sensient Technologies Dividend scorecard for Sensient Technologies Financial information for Sensient Technologies
TCL中环公告，公司控股子公司Maxeon Solar Technologies,Ltd.的全资子公司SUNPOWER TECHNOLOGY LTD.已完成向胜宏科技（惠州）股份有限公司全资孙公司MFS TECHNOLOGY(S)PTE LTD出售其马来西亚全资子公司SunPower Malaysia ManufacturingSdn. Bhd 100%股权的全部交割工作，交易总对价不超过5100...
TCL中环公告，公司控股子公司Maxeon Solar Technologies,Ltd.的全资子公司SUNPOWER TECHNOLOGY LTD.已完成向胜宏科技（惠州）股份有限公司全资孙公司MFS TECHNOLOGY(S)PTE LTD出售其马来西亚全资子公司SunPower Malaysia ManufacturingSdn. Bhd 100%股权的全部交割工作，交易总对价不超过5100万美元。交易完成后，SPMY不再纳入公司及Maxeon合并报表范围。
Thomas Barwick/DigitalVision via Getty Images Trivago ( TRVG ) is a stock I have been following for a while in the online travel space. TRVG is a hotel metasearch engine, which connects users to hotel booking sites, and not an OTA (online travel agents) like Expedia ( EXPE ). I first covered the stock in February 2024 , when I rated the stock a buy when it was trading around $2.45 per share. Thoug...
Thomas Barwick/DigitalVision via Getty Images Trivago ( TRVG ) is a stock I have been following for a while in the online travel space. TRVG is a hotel metasearch engine, which connects users to hotel booking sites, and not an OTA (online travel agents) like Expedia ( EXPE ). I first covered the stock in February 2024 , when I rated the stock a buy when it was trading around $2.45 per share. Though the stock failed to reach my 1-year target price of $5.9 per share by February 2025, it would then test a 1-year high of $5.4 per share the following month in March 2025, implying that my undervaluation thesis was right. After experiencing some volatility, TRVG today trades around $2.85 per share, up 16.3% since my coverage. I maintain my buy rating. My modeled 1-year target price of $4.2 presents a projected 47% upside from today’s price of $2.85. In times when many doubt travel metasearch’s survival capability in the midst of AI-powered search engines, TRVG’s recent financial success has proven doubters wrong so far. Financial Reviews Based on the Q4 2025 release, fundamentals appear improving. In Q4, TRVG delivered a revenue of €120 million, a 27% YoY growth, driven by the 17% YoY growth in referral revenue to €109.4 million. Q4 presentation From a FY standpoint, TRVG has also overall seen a strong performance in FY 2025. FY revenue was €549 million, a 19% YoY growth. With TRVG also expecting another double-digit growth in FY 2026, the business appears to have seen momentum, suggesting that the turnaround strategy a few years ago has enabled the company to overcome the post-COVID stagnation that has depressed its valuation. Q4 presentation In Q4, TRVG also saw better profitability YoY across the board. In Q4, net income was €14.5 million, while adjusted EBITDA (aEBITDA) was €11.3 million. While the AI-driven product improvement helped stronger conversion rates, as per the management’s comment in earnings call, one drawback from the quarter was the lower ROAS (return on...
Dave Einsel/Getty Images News Goldman Sachs' ( GS ) top lawyer Kathy Ruemmler will resign after emails between her and convicted sex offender Jeffrey Epstein indicated that the two had a close relationship. Ruemmler said she would step down as Goldman's ( GS ) chief legal officer and general counsel as of June 30. "My responsibility is to put Goldman Sachs' interests first." "I made the determinat...
Dave Einsel/Getty Images News Goldman Sachs' ( GS ) top lawyer Kathy Ruemmler will resign after emails between her and convicted sex offender Jeffrey Epstein indicated that the two had a close relationship. Ruemmler said she would step down as Goldman's ( GS ) chief legal officer and general counsel as of June 30. "My responsibility is to put Goldman Sachs' interests first." "I made the determination that the media attention on me, relating to my prior work as a defense attorney, was becoming a distraction," she told the Financial Times . "As one of the most accomplished professionals in her field, Kathy has also been a mentor and friend to many of our people, and she will be missed," Goldman ( GS ) CEO David Solomon said. The emails between Ruemmler and Epstein were among millions of documents recently released by the Department of Justice. Ruemmler previously said she knew Epstein "in a professional capacity" and she was one of several lawyers that he'd informally reached out to for advice. She maintained that she had "no knowledge of any new or ongoing unlawful activity on his part." But their emails revealed a closer relationship. Ruemmler received many expensive gifts from Epstein, such as an Hermès bag and an Apple Watch, after he was already convicted of sex crimes. "So lovely and thoughtful! Thank you to Uncle Jeffrey!!!" Ruemmler wrote in an email in 2018. "I adore him. It's like having another older brother!" she wrote in an email from 2015. Epstein listed Ruemmler as a backup executor in an earlier version of his will, but removed her name before he reportedly killed himself on Aug. 10, 2019 while awaiting trial. More on Goldman Sachs Goldman Sachs (GS) Presents at UBS Financial Services Conference 2026 Transcript Goldman Sachs: Thank God The Apple Saga Is Over Another Double-Digit Raise, Another Signal: Goldman Isn't Done Yet Goldman Sachs teams up with Anthropic to automate job roles
大家是否察觉到，2026 年伊始，AI 的进化逻辑正发生微妙转向。 从国内风头正劲的元宝派，到硅谷讨论热度居高不下的 OpenClaw、Moltbook，再到 AI 初创公司 Humans & 打造的社交智能融资额接近 5 亿美元，以及刚刚发生的，定位为「The Simulation Company」的 Simile 推出其 AI 模拟平台做社会模拟，并获得 1 亿美元融资，投资人包括美国顶级基金...
大家是否察觉到，2026 年伊始，AI 的进化逻辑正发生微妙转向。 从国内风头正劲的元宝派，到硅谷讨论热度居高不下的 OpenClaw、Moltbook，再到 AI 初创公司 Humans & 打造的社交智能融资额接近 5 亿美元，以及刚刚发生的，定位为「The Simulation Company」的 Simile 推出其 AI 模拟平台做社会模拟，并获得 1 亿美元融资，投资人包括美国顶级基金及斯坦福李飞飞教授等。 似乎业界已不再满足于仅仅将 AI 作为一个单独的工具，而是开始探索： 当 AI 开始走进人类的真实交互场景中，与人类产生各种各样的互动时，会发生什么？ 基于此，一场围绕人与 AI 的社交新叙事，正悄然铺开…… 最近，机器之心留意到这类玩家中一个颇具代表性的产品。 从视频中可以看到，一群朋友在群里聊天，从当前的热映影片聊到各自最喜欢的电影，气氛轻松、自然。而就在话题逐渐升温时，一个 AI 智能体适时、主动「加入」到群聊中，并根据聊天内容的上下文主动推荐了相关视频片段与背景音乐，直接嵌入到聊天界面中。另一边，朋友们还在继续讨论，并可以边聊天边观看视频内容、收听音乐。 整个过程，AI 智能体并没有被刻意唤醒，也没有通过复杂的指令触发，它就这么「丝滑」地融入到聊天中…… 这就是 初创公司 Teamily AI 最新推出的全球首个 AI 原生即时通讯应用（IM）——Teamily AI，意图构建一个人类与 AI 智能体共生的社交网络。 在这个网络中，AI 不再是一个外部工具，而是群体中的一员，人类与 AI 智能体互相协作、实时共存、互动。 AI 下一站不是更强模型，而是更强协作 过去两年多，国内外围绕大模型的竞赛几乎都是线性的：更快、更强、更逼真…… 从 ChatGPT 到 Sora，再到 Claude，大模型技术的每一次飞跃，都是在不断放大人类个体能力，甚至朝着把人类变成「超级个体」的方向演进，一个人甚至可以完成过去需要一个团队才能完成的工作。但对于团队协作来说，会议依旧低效、群聊依旧混乱、信息依旧分散…… 可以说 AI 确实在让个人变强，却并没有让「群体」变聪明。 Teamily AI 想解决的，正是这个被忽视的问题。在 Teamily AI 看来， AI 的下一个阶段，不是继续增强单个个体的能力，而是增强「关系」。 也就是说，群体智能才是未来，帮助群体连...
VIDOK/iStock Unreleased via Getty Images Advance Auto Parts ( AAP ) rose in early trading on Friday after the retailer returned to full-year positive comparable sales growth following three years of negative results. "In 2025, we laid the foundation to build a better future for the Company. Our actions are delivering progress on operational goals and financial commitments to our shareholders," hig...
VIDOK/iStock Unreleased via Getty Images Advance Auto Parts ( AAP ) rose in early trading on Friday after the retailer returned to full-year positive comparable sales growth following three years of negative results. "In 2025, we laid the foundation to build a better future for the Company. Our actions are delivering progress on operational goals and financial commitments to our shareholders," highlighted CEO Shane O'Kelly. Total sales fell 1.0% year-over-year compared to a year ago. The year-ago sales period included approximately $74M related to sales at stores closed in Q1 of 2025 as a result of our optimization program associated with the 2024 Restructuring Plan. Comparable store sales for the quarter increased 1.1%. Adjusted gross profit was 44.2% of sales compared with 39.0% a year ago. The increase in gross profit was driven by the cycling of atypical items related to the 2024 Restructuring Plan, operational savings associated with the footprint optimization activity completed in Q1 of 2025, and improvements in product margins from strategic sourcing initiatives. Adjusted fourth quarter 2025 operating income was $73M, or 3.7% of sales, compared with a loss of $99 million in the prior year quarter. Non-GAAP EPS of $0.86 beat the consensus estimate by $0.45. For 2026, Advance Auto Parts ( AAP ) sees revenue of $8.49B to $8.58B (midpoint $8.535) vs. $8.68B consensus. Comparable store sales are expected to be up 1% to 2%. EPS is seen landing in a range of $2.40 to $3.10 (midpoint $2.75) vs. $2.72 consensus. "In 2026, we will continue to execute our strategic plan with a focus on the customer and the fundamentals of selling auto parts. This execution is being supported by a solid balance sheet with healthy liquidity to fuel our initiatives," highlighted O'Kelly. Shares of Advance Auto Parts ( AAP ) edged 0.5% higher in premarket trading. More on Advance Auto Parts Advance Auto Parts: A Liquidity-Driven Asymmetric Turnaround Play Advance Auto Parts: Turnaround Is P...
Getty Images By Joseph Purtell & Olumide Owolabi We anticipate moderate impacts in the near term but will look for more profound shifts—albeit with some delay—as the years unfold. In our opinion, artificial intelligence appears to promise all the features of a bona fide “GPT,” or the general-purpose technology of traditional usage (rather than the “generative pre-trained transformer” of ChatGPT fa...
Getty Images By Joseph Purtell & Olumide Owolabi We anticipate moderate impacts in the near term but will look for more profound shifts—albeit with some delay—as the years unfold. In our opinion, artificial intelligence appears to promise all the features of a bona fide “GPT,” or the general-purpose technology of traditional usage (rather than the “generative pre-trained transformer” of ChatGPT fame). Other transformative GPTs of the past have included the steam engine, electricity and the internet, and we think AI will eventually belong in the same category. Of course, there has been no shortage of prognostication on AI over the past few years: A godsend to business productivity, the end of work as we know it, an accelerant of wealth inequality, a threat to humanity... we’ve heard it all. Putting the extremes aside, however, we tend to take a view informed by the data that we can gather while exercising educated guesswork (and some skepticism) as to the future. Although even the near-term effects are highly uncertain, in this article, we lay out our thinking about the macroeconomic implications of this crucial technology. Our essential observation? That while effects over the next 12 to 18 months could be relatively moderate as to growth, productivity and the labor market, the impact further out to these and related factors could be increasingly meaningful. As for inflation and monetary policy, the picture is murkier and will likely be driven by myriad factors, including the advent of AI. Growth, Capex and Productivity: Near-Term Contributor, Long-Term Questions A brief glance at the contributors to Gross Domestic Product in the first half of 2025 shows the immense impact on growth from AI-related components such as computers and peripherals, software and data centers. Although these investment categories likely contain measurement errors and may overstate impacts, 1 we think a plausible figure for the addition to net growth from AI is close to a 0.5% seasonally ad...
Mercedes Warns Of Fresh Margin Squeeze As China Struggles Persist Mercedes-Benz warned that profitability in its car division could come under renewed strain this year, underscoring a difficult outlook as the luxury group contends with elevated costs, weak demand in China and global trade tariffs, according to Reuters . Shares fell as much as 5.7% after the announcement and were down 3.1% by mid-m...
Mercedes Warns Of Fresh Margin Squeeze As China Struggles Persist Mercedes-Benz warned that profitability in its car division could come under renewed strain this year, underscoring a difficult outlook as the luxury group contends with elevated costs, weak demand in China and global trade tariffs, according to Reuters . Shares fell as much as 5.7% after the announcement and were down 3.1% by mid-morning trade on Thursday. Presenting 2025 results that fell short of expectations, CEO Ola Kaellenius told investors, "The rules are changing," adding, "We are fundamentally reinventing the company." The automaker projected a 2026 adjusted return on sales of 3% to 5% in its core cars unit, compared with 5% last year — below the 5.4% analysts had forecast. Group operating profit dropped 57% to 5.8 billion euros, missing the expected 6.6 billion euros, hit by roughly 1 billion euros in tariff costs, adverse currency effects and sliding sales in China. Reuters writes that while management expects a marked rebound in operating profit this year following 1.6 billion euros in redundancy charges in 2025, challenges in China persist. Finance chief Harald Wilhelm said car sales there are likely to decline again in 2026 after a 19% fall last year, as competition intensifies against domestic rivals and peers such as Volkswagen and BMW. Mercedes is banking on an aggressive rollout of 40 new models over the next three years — beginning with its updated flagship S-Class — to regain momentum in the world’s largest auto market. Over the longer term, the company aims to lift margins in its autos division back to 8%–10%, supported by what it called "relentless cost discipline." Measures include job reductions launched in 2025 and expanded production in lower-cost locations such as Kecskemet, Hungary. Analysts at Jefferies said the medium-term target "looks confident but may be questioned." Tyler Durden Fri, 02/13/2026 - 06:55
Deutsche Börse AG ’s Eurex exchange said its new European Union bond futures are open to US traders, as it seeks to clear up legal uncertainty over the issue. The view from Eurex follows discussions with lawyers and US Securities and Exchange Commission staff, a spokeswoman told Bloomberg News. The exchange told clients in a notice last week, she added. The development may boost trading in its EU ...
Deutsche Börse AG ’s Eurex exchange said its new European Union bond futures are open to US traders, as it seeks to clear up legal uncertainty over the issue. The view from Eurex follows discussions with lawyers and US Securities and Exchange Commission staff, a spokeswoman told Bloomberg News. The exchange told clients in a notice last week, she added. The development may boost trading in its EU contracts, which has been muted since a launch last year. Eurex, Europe’s biggest bond-futures exchange, is seeking to attract US hedge funds to the nascent market. Executives at the German firm had previously been in contact with the SEC to add the European Union to a list of foreign governments for which futures trading restrictions are waived. Those talks had been disrupted by the US government shutdown last year. Eurex’s new position is that no such addition is necessary. Instead, it said a 2009 SEC order and a 2010 advisory note from the US Commodity Futures Trading Commission ensure that EU bond futures may be traded by US accounts. “We had discussions with relevant SEC staff and engaged an experienced SEC external counsel,” the spokeswoman said. “Based on these discussions and the view of our external counsel, we feel comfortable stating our view.” The SEC and CFTC press offices did not immediately respond to requests for comment. Read more: Citadel’s Ubide Says ‘Now or Never’ for EU Rival to Treasuries Futures trading is seen by the EU as a key element to boost liquidity in its debt and put it on a par with that of sovereign borrowers. Yet average Eurex volumes so far in 2026 are only around 125 each day, having fallen from a peak of over 4,000 contracts set on the first session in September. Open interest, another measure of engagement, is around 600 contracts, compared to over 1.5 million for comparable German bond futures and about 750,000 for French contracts. It’s still early days, with various analysts believing the contracts can pick up traction . The EU’s jo...