Welcome back to another edition of FOIA Files! I can’t ignore a 3 million page document dump. Of course, I’m referring to the Department of Justice’s recent release of its voluminous investigative files on disgraced financier Jeffrey Epstein. According to Deputy Attorney General Todd Blanche, it’s the last release. We’ll see about that. The cache includes a dizzying array of details. My eyes gravi...
Welcome back to another edition of FOIA Files! I can’t ignore a 3 million page document dump. Of course, I’m referring to the Department of Justice’s recent release of its voluminous investigative files on disgraced financier Jeffrey Epstein. According to Deputy Attorney General Todd Blanche, it’s the last release. We’ll see about that. The cache includes a dizzying array of details. My eyes gravitated toward the Freedom of Information Act requests Epstein filed over the years, including one with the Central Intelligence Agency , in which he sought documents that would show he had an “open affiliation” with the CIA between 1999 and 2011. In another one, Epstein asked the National Security Agency for documents “relating or referring to himself.” Epstein didn’t receive any records. Instead, he got GLOMAR s (neither confirming nor denying the existence of records). But it’s not Epstein’s FOIA requests I want to dive into this week. It’s the documents from the trove that shed light on how the government reviewed and redacted them. If you’re not already getting FOIA Files in your inbox, sign up here . I’ve spent the past week reading thousands of pages from the Epstein files. The cache includes revelatory new details about the 2006-2008 federal investigation into Epstein’s sexual abuse of underage girls that’s been shrouded in secrecy for two decades. There are also many more emails involving an elite network of politicians, academics, and business executives drawn into Epstein’s orbit, themes similar to what my colleagues and I reported last year based on a set of previously undisclosed Epstein emails I obtained. I zeroed in on a subset of 2025 emails and slide decks from the Federal Bureau of Investigation that lays bare additional details about the agency’s frenzied handling and processing of the Epstein files, which I’ve written about over the past year. I’ve also sought many of the documents via FOIA, which is why I was intrigued to see that many of the details I’d ...
Getty Images Yesterday, we talked about the signal from Google ( GOOGL ) earnings. Google is a Rule-of-50 company - a half-a-trillion revenue company (twelve months forward) - that's growing faster and becoming more profitable the more it spends on capacity (AI infrastructure). And they just doubled the expected 2026 spend, from $90 billion (2025 capex) to as much as $185 billion. It's an AI infra...
Getty Images Yesterday, we talked about the signal from Google ( GOOGL ) earnings. Google is a Rule-of-50 company - a half-a-trillion revenue company (twelve months forward) - that's growing faster and becoming more profitable the more it spends on capacity (AI infrastructure). And they just doubled the expected 2026 spend, from $90 billion (2025 capex) to as much as $185 billion. It's an AI infrastructure supercycle. And at any point, when they decide to dial down the capex, free cash flow will explode higher - making the stock dramatically cheaper (on valuation). That said, we heard from Amazon ( AMZN ) today. Same story. Andy Jassy upped the ante, announcing a planned $200 billion in capex for 2026. And he said, "We're monetizing capacity as fast as we can install it." So, as we discussed yesterday, the companies that are building the AI supply are still behaving as if they can't build fast enough to meet demand. That's the signal among the noise. Let's talk about Europe. The European Central Bank met this morning on rates. They held the line, which was no surprise, but the press conference was plenty eventful. Let's talk about why it matters. First, some backstory. Since last summer, we have been tracking the coming regime change at the Fed. It started when Trump began turning the screws on Jerome Powell back in July. With that, it wasn't hard to see a scenario building where a Trump-led Fed Chair could use the Fed's position of power to influence change, particularly in Europe, where leaders were doubling down on failed, anti-growth globalist policies - while enjoying the security and implicit fiscal and monetary policy backstop from the U.S. Now we have the nomination of Kevin Warsh for Fed Chair, and there are clues that a "Treasury-Fed Accord 2.0" could be coming - which means the Fed may be exitingHotel California, ending the QE era, and ending the "global central banker to the world" era. That means the fiscal ambitions that Europe has been forced to take ...
Long-time shareholders should have zero complaints, as the stock is up almost 27,000% since the IPO. Tesla's (TSLA +3.47%) market cap of $1.5 trillion is far ahead of that of the next-most-valuable car company. The market remains decidedly optimistic about founder and CEO Elon Musk's vision. Since its initial public offering in June 2010, this electric vehicle (EV) stock has skyrocketed 25,390% (a...
Long-time shareholders should have zero complaints, as the stock is up almost 27,000% since the IPO. Tesla's (TSLA +3.47%) market cap of $1.5 trillion is far ahead of that of the next-most-valuable car company. The market remains decidedly optimistic about founder and CEO Elon Musk's vision. Since its initial public offering in June 2010, this electric vehicle (EV) stock has skyrocketed 25,390% (as of Feb. 2). A starting capital contribution of $4,000 would be worth $1 million today. Maybe the business has much more upside going forward. Is Tesla your ticket to becoming a millionaire? The core business continues to struggle By now, investors are all too familiar with the struggles Tesla's core operations, selling EVs, are experiencing. Deliveries declined 9% in 2025, leading to a 10% year-over-year fall in automotive revenue. This is uncharted territory for the business. Tesla, which was once operating in a very empty field, now faces competition from domestic and international players. It has to compete more on price, which puts pressure on margins. It also doesn't help that the overall EV market is starting to register decelerating growth, as there are large numbers of consumers who still have an affinity toward gas-powered and hybrid cars. The stock's valuation is not rooted in this reality. As of this writing, Tesla trades at a price-to-earnings ratio of 390. Combine a high price tag with fundamental challenges, and any reasonable investor would surely be pessimistic. Expand NASDAQ : TSLA Tesla Today's Change ( 3.47 %) $ 13.77 Current Price $ 410.98 Key Data Points Market Cap $1.3T Day's Range $ 397.78 - $ 411.55 52wk Range $ 214.25 - $ 498.83 Volume 1.2M Avg Vol 73M Gross Margin 18.03 % Investors have huge expectations Given its nosebleed valuation, the market is betting on monster success in other areas for this business at some date in the future. In other words, expectations could not be higher. And to say that prospective investors have no margin of safety ...
Getty Images Currently there are many aerospace and defense companies that are trying to capitalize on growth trends in the aerospace and defense industries . VisionWave ( VWAV ) is one of the novel defense companies attempting to leverage artificial intelligence and autonomous solutions. The company, however, is an early-stage company dependent on a successful commercialization path and funding. ...
Getty Images Currently there are many aerospace and defense companies that are trying to capitalize on growth trends in the aerospace and defense industries . VisionWave ( VWAV ) is one of the novel defense companies attempting to leverage artificial intelligence and autonomous solutions. The company, however, is an early-stage company dependent on a successful commercialization path and funding. VisionWave Is A Defense Tech Focused Company VisionWave is an early-stage company that is currently not generating revenues. The company intends to leverage AI in an array of products ranging from counter-drone or C-UAS solutions, autonomous drones or UAS, image processing, radio frequency drone detection, radar systems, remote weapon systems, unmanned ground vehicles, and active protection systems. So, the company wants to inject AI, or Evolved Intelligence, as it calls its proprietary AI model, into a wide array of systems. The company has been pilot testing C-UAS and autonomous UAS with demonstrations for image processing planned in Q3 2025, followed by RF imaging demonstrations planned in 2025 and the demonstrations for the Remote Weapon Systems scheduled for demonstration in 2025. Commercial deployment was scheduled for 2025 for most products and 2026 for most products, according to the company’s prospectus ( S-1 Filing, Page 24 ). The market for drones is expected to be valued at $67.6 billion by 2029, while the counter-drone market is expected to grow to $5.2 billion by 2028, according to the S-1. VisionWave has an admirable aspiration. However, the reality is that right now companies that aim to leverage AI and attempt to capitalize on C-UAS and UAS demand are booming. It is a big market with many players trying to capitalize on the growing demand. Some of those companies are well-capitalized; others, such as VisionWave, are not. That is really the biggest risk, as we see no clear revenue path for the company. In general, I am missing any useful indicator that the c...
He has been hailed as the hardest-working writer in Britain. Looking at Jack Thorne’s astonishing list of credits, it’s hard to argue. The prolific playwright and screenwriter’s output includes many of the best homegrown TV dramas of the past two decades. That’s without the many hit plays and films he has also written. There’s more to come, too. Next out of the Thorne pipeline is Channel 4’s forbi...
He has been hailed as the hardest-working writer in Britain. Looking at Jack Thorne’s astonishing list of credits, it’s hard to argue. The prolific playwright and screenwriter’s output includes many of the best homegrown TV dramas of the past two decades. That’s without the many hit plays and films he has also written. There’s more to come, too. Next out of the Thorne pipeline is Channel 4’s forbidden romance Falling, with Keeley Hawes and Paapa Essiedu, and the film Enola Holmes 3, which will be followed by the small matter of Sam Mendes’ four Beatles biopics. As Thorne’s new BBC adaptation of Lord of the Flies arrives, we’ve rated his 20 TV projects so far. Surely he’s overdue a holiday? 20. The Eddy (2020) View image in fullscreen Amandla Stenberg and André Holland in The Eddy. Photograph: Lou Faulon/AP A rare misfire saw Thorne penning a moody Netflix musical drama for director Damien Chazelle about a bereaved jazz pianist running a struggling Paris nightclub. With dialogue in French, English, Arabic and Polish, it was as confusing as it was chin-strokey. This Channel 4 miniseries followed a south Wales community’s fight for justice after local teens were killed in an explosion at a building site. It was rousing and righteous, but was let down by Sarah Lancashire’s wobbly Welsh accent and a plodding courtroom climax. Thorne would later tell a similar story in Toxic Town to more powerful effect. 18. Cast Offs (2009) This unjustly forgotten Channel 4 mockumentary followed six disabled people sent to a remote island for a fictional reality show. Episodes intercut the Survivor-style action with flashbacks fleshing out their lives. These proved superior to the main plot. Darkly funny and bracingly transgressive. 17. Lord of the Flies (2026) Pass the conch. The first ever TV adaptation of William Golding’s classic novel about stranded schoolboys sees writer Thorne reunite with a regular collaborator, director Marc Munden. The result is low on dialogue, high on unsettl...
nuttapong punna/iStock via Getty Images Dear Partners, In 2025, Rowan Street generated a +11.1% net return, compared with +17.9% for the S&P 500. While we underperformed the index, we still delivered a solid absolute result following two unusually strong years. Over the past three years, Rowan Street has generated a cumulative net return of +252%, compared with a +78% total return for the S&P 500....
nuttapong punna/iStock via Getty Images Dear Partners, In 2025, Rowan Street generated a +11.1% net return, compared with +17.9% for the S&P 500. While we underperformed the index, we still delivered a solid absolute result following two unusually strong years. Over the past three years, Rowan Street has generated a cumulative net return of +252%, compared with a +78% total return for the S&P 500. Rowan Street is a concentrated strategy built for long-term compounding, not for minimizing short-term volatility or closely tracking a benchmark. As a result, returns will differ meaningfully from year to year. Periods of underperformance are inevitable, just as periods of strong outperformance—such as in 2023 and 2024—are part of the same process. We believe individual years, viewed in isolation, are of limited significance; over time, results should reflect the compounding of intrinsic value at the business level. Performance in 2025 was driven by our highest-conviction holdings. Tesla, a position we began building in the first half of 2025, was the largest contributor, adding approximately +6.8% to returns. Shopify and Spotify also contributed meaningfully, adding +5.6% and +4.5%, respectively. Meta Platforms, our largest holding, contributed +4.3% despite a disappointing fourth quarter (we discuss Meta in greater detail in a case study later in the letter). Underperformance was largely attributable to The Trade Desk ( TTD ), which reduced returns by approximately -6.9%. While disappointing, TTD is now a much smaller weight in the portfolio. We continue to evaluate the business over a multi-year horizon rather than a single calendar year, and address our current thinking in a dedicated case study later in this letter. The table below shows the annual returns of our largest holdings by portfolio weight as of December 31, 2025 and illustrates a simple reality of long-term investing: even exceptional businesses experience significant volatility. Long-Term Results The tabl...
Happy Friday and welcome to the Bloomberg Deals newsletter. Today, we’re going behind the scenes of the latest failed attempt to merge miners Rio Tinto and Glencore. Elsewhere, German dealmakers are off to a flying start in 2026. Today’s top stories Rio Tinto abandons Glencore talks to form world’s biggest miner. Blackstone-backed Liftoff postpones IPO on technology selloff. TK Elevator picks bank...
Happy Friday and welcome to the Bloomberg Deals newsletter. Today, we’re going behind the scenes of the latest failed attempt to merge miners Rio Tinto and Glencore. Elsewhere, German dealmakers are off to a flying start in 2026. Today’s top stories Rio Tinto abandons Glencore talks to form world’s biggest miner. Blackstone-backed Liftoff postpones IPO on technology selloff. TK Elevator picks banks for top roles on German IPO. Thoma inserts lender anti-rebellion clause in buyout loan. Goldman, JPMorgan bankers see bonus pools rise at least 10%. Digging in The latest attempt in a years-long push to unite Glencore and Rio Tinto and create the world’s largest mining company fell apart in 24 hours. The miners had been working to a Feb. 5 deadline to either communicate that a deal had been reached, talks had been extended or the whole thing had collapsed. We reported that it was indeed the latter just moments before the official announcement . In the end, it was a demand from Glencore and its former CEO and biggest shareholder, Ivan Glasenberg, that their side get 40% of a combined group that ultimately proved too much for Rio and its advisers. A tie-up would have brought together Glencore’s sprawling coal and copper operations—and its commodity trading unit—and Rio’s giant iron ore business, allowing Rio to leapfrog BHP as the world’s biggest mining company. And for some time it seemed billionaire Glasenberg was finally going to land his dream deal. The companies and a small pool of advisers—which included veteran rainmakers Simon Robey and, it turns out, Michael Klein—had a strong belief that talks had never been more serious; with rivals pursuing major copper acquisitions, the risks of inaction were growing and the opportunity was too big to ignore. Negotiating a potential merger was a herculean task given the complexities of Glencore’s operation, which comprises mines, smelters, refineries and huge trading and logistics operations. Even so, due diligence threw up no ...
US stocks jumped on Friday, set to rebound from a week-long tech bruising as Wall Street reassessed worries about the impact of AI disruption and the risks of hefty Big Tech spending. The Dow Jones Industrial Average (^DJI) led the way higher, surging over 1.5%, or more than 700 points. The S&P 500 (^GSPC) rose 1%, while the Nasdaq Composite (^IXIC) added roughly 0.9%, as the indexes began retraci...
US stocks jumped on Friday, set to rebound from a week-long tech bruising as Wall Street reassessed worries about the impact of AI disruption and the risks of hefty Big Tech spending. The Dow Jones Industrial Average (^DJI) led the way higher, surging over 1.5%, or more than 700 points. The S&P 500 (^GSPC) rose 1%, while the Nasdaq Composite (^IXIC) added roughly 0.9%, as the indexes began retracing sharp closing losses. Wall Street is looking to end the week with a bounce back, as Big Tech CEOs and analysts brush aside concerns about the impact of new AI tools on legacy tech. But the S&P 500 and Nasdaq are still set for weekly losses, having slipped into negative territory for 2026. The tentative risk-on tone extended beyond stocks, as bitcoin (BTC-USD) climbed steadily back to above $68,000, having touched a 16-month low overnight. But the biggest cryptocurrency is still on track for its worst weekly performance since 2022 after wiping out all of its post-Trump election gains this week. Strategy (MSTR), one of the companies most affected by the crypto's slump, revealed a loss for the quarter. The results initially weighed on its stock, but shares were up over 13% on Friday as bitcoin revived and Strategy's CEO played down concerns about debt-servicing risks. Some tech gloom persisted as Amazon's (AMZN) shares tumbled 9%. In its earnings, the major cloud provider outlined plans for a massive 2026 jump in spending to least $200 billion, even as its forecast for operating income fell short. Elsewhere, Stellantis (STLA) warned it will take a charge of over 22 billion euros ($26 billion) in a plan to scale back its EV push. Shares in the Jeep maker tanked over 20% on Wall Street and in Milan (STLAM.MI), adding to a picture of EV malaise painted by this week's $60 billion wipeout for Chinese carmaker BYD (BYDDF, 1211.HK). In commodities, silver (SI=F) whipsawed but broadly resumed its decline as Chinese selling continued ahead of a national holiday. Looking ahead, the r...
US stocks jumped on Friday, set to rebound from a weeklong tech bruising as Wall Street reassessed worries about the impact of AI disruption and the risks of hefty Big Tech spending. The Dow Jones Industrial Average (^DJI) led the way higher, surging by about 2.1%, or more than 1,000 points, to within striking distance of the 50,000 milestone. The S&P 500 (^GSPC) rose 1.6%, while the Nasdaq Compos...
US stocks jumped on Friday, set to rebound from a weeklong tech bruising as Wall Street reassessed worries about the impact of AI disruption and the risks of hefty Big Tech spending. The Dow Jones Industrial Average (^DJI) led the way higher, surging by about 2.1%, or more than 1,000 points, to within striking distance of the 50,000 milestone. The S&P 500 (^GSPC) rose 1.6%, while the Nasdaq Composite (^IXIC) added about 2%, as the indexes bounced back from sharp closing losses. Wall Street is looking to end the week with a bounce back, as Big Tech CEOs and analysts brush aside concerns about the impact of new AI tools on legacy tech. But the S&P 500 and Nasdaq are still set for weekly losses, having slipped into negative territory for 2026. The tentative risk-on tone extended beyond stocks, as bitcoin (BTC-USD) climbed steadily back to above $68,000, having touched a 16-month low overnight. But the biggest cryptocurrency is still on track for its worst weekly performance since 2022 after wiping out all of its post-Trump election gains this week. Strategy (MSTR), one of the companies most affected by the crypto slump, revealed a loss for the quarter. The results initially weighed on its stock, but shares were up over 13% on Friday as bitcoin revived and Strategy's CEO played down concerns about debt-servicing risks. Some tech gloom persisted as Amazon's (AMZN) shares tumbled 7%. In its earnings, the major cloud provider outlined plans for a massive 2026 jump in spending to at least $200 billion, even as its forecast for operating income fell short. Elsewhere, Stellantis (STLA) warned it will take a charge of over 22 billion euros ($26 billion) in a plan to scale back its EV push. Shares in the Jeep maker tanked over 20% on Wall Street and in Milan (STLAM.MI), adding to a picture of EV malaise painted by this week's $60 billion wipeout for Chinese carmaker BYD (BYDDF, 1211.HK). In commodities, silver (SI=F) whipsawed but broadly resumed its decline as Chinese selling ...
Hundreds of early career researchers have warned that the UK will lose a generation of scientists after the announcement of significant cuts to physics projects and cutting edge research facilities. Scientists working in particle physics, astronomy and nuclear physics have been told their grants will be cut by nearly a third, with project leaders asked to report back on how their research would fa...
Hundreds of early career researchers have warned that the UK will lose a generation of scientists after the announcement of significant cuts to physics projects and cutting edge research facilities. Scientists working in particle physics, astronomy and nuclear physics have been told their grants will be cut by nearly a third, with project leaders asked to report back on how their research would fare with cuts up to 60%. At the same time, the UK has shelved plans for four large infrastructure projects to save more than £250m. The projects include an upgrade to a detector on the Large Hadron Collider at Cern near Geneva, and an electron-ion collider under development with researchers in the US. While the cost overruns are driven by facilities, the cuts are landing on physics grants as the science funding body UK Research and Innovation (UKRI) seeks to “do fewer things better” and prioritise applied research over more fundamental science. In an open letter to Prof Ian Chapman, chief executive of UKRI, more than 500 researchers write: “The present combination of uncertainty, delay and re-prioritisation in early-career pathways risks the loss of a generation from the UK research and industrial ecosystem.” Dr Simon Williams, a 29-year-old postdoc at Durham University, studies quantum computing applications in theoretical physics and is looking for a second postdoc position. “The only options I’ve realistically had are overseas,” he said. “As things stand, it is increasingly likely that I will take up a position in Germany rather than remain in the UK. There are simply far more viable and stable opportunities abroad.” Dr Claire Rigouzzo, a 26-year-old researcher at King’s College London, has accepted a post in Europe after finding nothing in the UK. Early career scientists face one of the harshest job markets in years, she said, but the knock-on effects are broader. Senior academics are worried because they cannot attract the best researchers, she said. “Even students can ...
Super Bowl Sunday puts the spotlight firmly on gaming and casino stocks as hundreds of millions of viewers around the globe tune in for one of the most watched sporting events of the year. Beyond the action on the field, the championship game is a major economic catalyst—driving spikes in sports betting activity, casino traffic, and broader gaming-related spending. This year’s 2026 Super Bowl feat...
Super Bowl Sunday puts the spotlight firmly on gaming and casino stocks as hundreds of millions of viewers around the globe tune in for one of the most watched sporting events of the year. Beyond the action on the field, the championship game is a major economic catalyst—driving spikes in sports betting activity, casino traffic, and broader gaming-related spending. This year’s 2026 Super Bowl features a marquee matchup between the Seattle Seahawks and the New England Patriots. As anticipation builds, investor attention is also turning toward the companies best positioned to benefit from elevated wagering volumes and consumer engagement tied to the event. Outlined below are the top 10 U.S.-listed casino and gaming stocks with market capitalizations of at least $1 billion, ranked by Seeking Alpha’s Quant Rating. Light & Wonder ( LNWO ), Quant Rating of 4.01. Las Vegas Sands ( LVS ), Quant Rating of 3.54. Rush Street Interactive ( RSI ), Quant Rating of 3.51. Monarch Casino & Resort ( MCRI ), Quant Rating of 3.26. Boyd Gaming ( BYD ), Quant Rating of 3.20. Sharplink ( SBET ), Quant Rating of 2.91. MGM Resorts International ( MGM ), Quant Rating of 2.81. Wynn Resorts ( WYNN ), Quant Rating of 2.76. Red Rock Resorts ( RRR ), Quant Rating of 2.71. Churchill Downs ( CHDN ), Quant Rating of 2.64. Gaming & Gambling ETFs: ( BJK ), ( BETZ ), and ( ODDS ). More on markets Dividend Roundup: Apple, Ford, 3M, IBM, and more Volatility roars back: VIX tops 20 amid tech and crypto sell-offs Nasdaq-100 dips again, with over 30 of its stocks now in oversold territory Crypto meltdown intensifies as $1T in market cap is erased in less than three weeks ETFs heavily allocated to Alphabet feel the pressure as GOOG and tech slide
Republicans’ new tax law delivered for Amazon com, which saw its U.S. corporate income taxes shrink by more than half in 2025 while its profits climbed. The company’s current U.S. taxes, an accounting measure of taxes incurred last year, declined to $1.2 billion from $9 billion, according to a securities filing released Friday. Meanwhile, Amazon’s pretax U.S. profit increased by 44.5%, to $89.5 bi...
Republicans’ new tax law delivered for Amazon com, which saw its U.S. corporate income taxes shrink by more than half in 2025 while its profits climbed. The company’s current U.S. taxes, an accounting measure of taxes incurred last year, declined to $1.2 billion from $9 billion, according to a securities filing released Friday. Meanwhile, Amazon’s pretax U.S. profit increased by 44.5%, to $89.5 billion.
Republicans’ new tax law delivered for Amazon com, which saw its U.S. corporate income taxes shrink by more than half in 2025 while its profits climbed, offering one of the clearest examples yet of how the largest American companies are benefiting. The company’s current U.S. taxes, an accounting measure of taxes incurred last year, declined to $1.2 billion from $9 billion, according to a securitie...
Republicans’ new tax law delivered for Amazon com, which saw its U.S. corporate income taxes shrink by more than half in 2025 while its profits climbed, offering one of the clearest examples yet of how the largest American companies are benefiting. The company’s current U.S. taxes, an accounting measure of taxes incurred last year, declined to $1.2 billion from $9 billion, according to a securities filing released Friday. Meanwhile, Amazon’s pretax U.S. profit increased by 44.5%, to $89.5 billion.
Brasil2/iStock via Getty Images TotalEnergies ( TTE ) said Friday it purchased an operating 42.5% stake in an oil exploration license off the coast of Namibia, in partnership with Petrobras (PBR ), which also acquired a 42.5% stake; financial terms were not disclosed. The license lies to the north of TotalEnergies' ( TTE ) 150K bbl/day Venus development and the huge Mopane discovery, in which the ...
Brasil2/iStock via Getty Images TotalEnergies ( TTE ) said Friday it purchased an operating 42.5% stake in an oil exploration license off the coast of Namibia, in partnership with Petrobras (PBR ), which also acquired a 42.5% stake; financial terms were not disclosed. The license lies to the north of TotalEnergies' ( TTE ) 150K bbl/day Venus development and the huge Mopane discovery, in which the company acquired an operating 40% stake from Galp Energia last year. The company has said it plans to start an exploration and appraisal campaign for three wells at the Mopane discovery in 2026. Last week, TotalEnergies ( TTE ) CEO Patrick Pouyanne met with Namibia's president and Galp's chairman to discuss the next steps in developing oil and gas assets in the country. Petrobras ( PBR ) CEO Magda Chambriard told Reuters last year that the company would seek to make Africa its main region of development outside Brazil as it looks to boost reserves, citing countries such as Namibia, Angola and Nigeria. More on Petrobras and TotalEnergies Venezuela Catalysts Can Benefit Suncor Energy More Than Petrobras Petrobras Oversupply And Venezuela Fears Trigger Richer Dividend Yields, Despite Risks Sell Repsol: Buy Total Instead For Its Superior Profitability