Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. While the performance was in line with the expectations for the full year. The firm believes that the Strategy unde...
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. While the performance was in line with the expectations for the full year. The firm believes that the Strategy underperformed in 2025 because it did not own Palantir Technologies Inc (PLTR). The Strategy focuses on achieving solid risk-adjusted returns by investing in high-quality compounders with fair valuations and market capitalizations between $2 billion and $50 billion at the time of purchase. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025. In its fourth-quarter 2025 investor letter, Brown Advisory Mid-Cap Growth Strategy highlighted Axon Enterprise, Inc. (NASDAQ:AXON) as one of its new addition to the portfolio. Axon Enterprise, Inc. (NASDAQ:AXON) is a public-safety technology company focused on developing connected law enforcement products and services including taser, body camera, drone, and other hardware solutions. On March 20, 2026, Axon Enterprise, Inc. (NASDAQ:AXON) stock closed at $496.27 per share. One-month return of Axon Enterprise, Inc. (NASDAQ:AXON) was 17.20%, and its shares lost 13.32% over the past 52 weeks. Axon Enterprise, Inc. (NASDAQ:AXON) has a market capitalization of $39.9 billion. Brown Advisory Mid-Cap Growth Strategy stated the following regarding Axon Enterprise, Inc. (NASDAQ:AXON) in its fourth quarter 2025 investor letter: "We initiated a position in Axon Enterprise, Inc. (NASDAQ:AXON), an innovative provider of technology solutions to the public safety market, as its three-year return profile became more attractive during the quarter. As one of the few software companies generating meaningful revenue from GenAI enabled products—led by DraftOne and related offerings, which drove more than $500 million...
The breathless 3-3 draw with Mönchengladbach only highlighted the disarray that has cost head coach his job Lukas Kwasniok will always be able to say that he led FC Köln in the historic 100th top-flight Rhineland derby against Borussia Mönchengladbach. He will always be able to say that his team fought as hard as the occasion demanded, overcame myriad setbacks and never deserted the cause, or him....
The breathless 3-3 draw with Mönchengladbach only highlighted the disarray that has cost head coach his job Lukas Kwasniok will always be able to say that he led FC Köln in the historic 100th top-flight Rhineland derby against Borussia Mönchengladbach. He will always be able to say that his team fought as hard as the occasion demanded, overcame myriad setbacks and never deserted the cause, or him. Yet Kwasniok will also have to acknowledge that this was the end; that even a derby as intense as this and everything his team did right in it could not exist in a bubble separately from an increasingly fraught situation in Köln’s season. The writing had felt like it was on the wall for a while and when sporting director Thomas Kessler spoke after the game, it was sprayed in neon capitals. “It was,” Kessler acknowledged after a thrilling 3-3 draw, “a rollercoaster of emotions but ultimately, we have to say that the point isn’t enough today.” As soon as Kessler conceded that final point it wasn’t a case of if but when for Kwasniok. Continue reading...
FinkAvenue Nasdaq ( NDAQ ) has teamed up with Talso to facilitate the flow of securities, cash equivalents, and other high-quality assets across platforms and jurisdictions through a tokenized collateral infrastructure, the companies said on Monday. The aim of the partnership is to develop an integrated system for managing tokenized collateral, the digital representation of traditional financial a...
FinkAvenue Nasdaq ( NDAQ ) has teamed up with Talso to facilitate the flow of securities, cash equivalents, and other high-quality assets across platforms and jurisdictions through a tokenized collateral infrastructure, the companies said on Monday. The aim of the partnership is to develop an integrated system for managing tokenized collateral, the digital representation of traditional financial assets on distributed ledger technology. By connecting Talos' digital asset infrastructure with Nasdaq's ( NDAQ ) Calypso and Trade Surveillance platforms, the companies see an opportunity to unlock trapped capital and improve operational efficiency. A recent Nasdaq report found that 25% of collateral is currently tied up in corrective and non-interest-bearing measures, representing more than $35B in excess or non-remunerated collateral. The partnership is intended to address the structural barriers that have prevented widespread adoption of tokenized collateral in institutional markets, including the challenge of integrating digital assets into existing risk management and collateral workflows, they said. " This partnership solves a fundamental challenge facing institutional markets: the inability to manage exposure across markets with a single risk and asset lens," said Nasdaq Executive Vice President Roland Chai. The integration offers market participants the ability to manage both on- and off-chain collateral workflows in one environment and expand institutional connectivity to marketplaces and custodians across both market ecosystems. It also allows financial institutions using the Talos platform to strengthen compliance frameworks and demonstrate adherence to evolving regulatory expectations while contributing to broader market integrity as institutional participation in digital assets continues to expand, the companies said. Nasdaq ( NDAQ ) stock rose 0.5% in Monday premarket trading. More on Nasdaq Nasdaq, Inc. (NDAQ) Presents at BofA Securities 2026 Information & Bu...
Hong Kong will experience between four and seven typhoons from June to October this year, according to the city’s forecaster – a figure that is fewer than half of last year’s record-breaking 14 tropical typhoons. The Hong Kong Observatory said on Monday the city would be hotter than average this year under the influence of the warming El Nino weather phenomenon. Director Chan Pak-wai said the trop...
Hong Kong will experience between four and seven typhoons from June to October this year, according to the city’s forecaster – a figure that is fewer than half of last year’s record-breaking 14 tropical typhoons. The Hong Kong Observatory said on Monday the city would be hotter than average this year under the influence of the warming El Nino weather phenomenon. Director Chan Pak-wai said the tropical cyclone season in Hong Kong was expected to start in June or later and cease in October or before this year. Advertisement “There are likely to be about four to seven tropical cyclones coming within 500km [310 miles] of Hong Kong during the year, which is near normal,” he said. Chan said the possibility of developing into an El Nino event in the second half of this year increases the likelihood of extreme heat across many regions and in the ocean. Advertisement “The annual mean temperature in Hong Kong is expected to be above normal this year with a high chance of reaching the warmest top 10 on record,” he said.
Tesla’s latest regulatory update adds pressure at a time when the stock is already struggling, and puts its AI-driven valuation story under the microscope.
Tesla’s latest regulatory update adds pressure at a time when the stock is already struggling, and puts its AI-driven valuation story under the microscope.
Victory Holdings ( VMHG ) on Monday announced it has entered into an agreement to acquire Dunn & Groux Beverage Holdings, making its entry into the beverage market. Financial terms of the deal were not disclosed. At the center of this strategy are DGBH's patented formulations using fulvic acid, a natural compound that supports nutrient absorption and cellular function, Victory said, adding that i ...
Victory Holdings ( VMHG ) on Monday announced it has entered into an agreement to acquire Dunn & Groux Beverage Holdings, making its entry into the beverage market. Financial terms of the deal were not disclosed. At the center of this strategy are DGBH's patented formulations using fulvic acid, a natural compound that supports nutrient absorption and cellular function, Victory said, adding that i n addition to its proprietary formulations, the company is building a distribution-led platform from the ground up. Source: Press Release More on Victory Marine Holdings Corp. Victory Marine appoints Robert J. Groux as CEO Financial information for Victory Marine Holdings Corp.
GCL Global Holdings ( NASDAQ: GCL ) announced on Monday it received a Nasdaq notice that its shares traded below the $1 minimum bid price for 30 consecutive business days from Feb. 2 to March 16, 2026, out of compliance with listing requirements. The company has been granted a 180-day compliance period, until Sept. 14, 2026, to regain compliance with Nasdaq listing requirements. Shares -10.86%. Mo...
GCL Global Holdings ( NASDAQ: GCL ) announced on Monday it received a Nasdaq notice that its shares traded below the $1 minimum bid price for 30 consecutive business days from Feb. 2 to March 16, 2026, out of compliance with listing requirements. The company has been granted a 180-day compliance period, until Sept. 14, 2026, to regain compliance with Nasdaq listing requirements. Shares -10.86%. More on GCL Global Holdings Ltd Financial information for GCL Global Holdings Ltd
She left London because her paintings felt hopelessly unfashionable compared with the work of the YBA’s. Now she’s back with a blockbuster show – and the world has come round to her point of view People say that Cecily Brown left London in the early 1990s because of the YBAs – as if, she laughs, she wanted to get away from them. “I actually had great admiration for the art being made, I just wasn’...
She left London because her paintings felt hopelessly unfashionable compared with the work of the YBA’s. Now she’s back with a blockbuster show – and the world has come round to her point of view People say that Cecily Brown left London in the early 1990s because of the YBAs – as if, she laughs, she wanted to get away from them. “I actually had great admiration for the art being made, I just wasn’t in sync with them.” While Damien Hirst was dunking dead animals in formaldehyde and Sarah Lucas was devouring bananas in front of the camera, Brown was wielding a palette and brush. “There was this feeling in London at the time that if you were a painter, you were a loser. I didn’t feel like a saddo for being a painter in New York.” You would think, then, that she’d be returning triumphant. She was taken on in her 20s by mega-gallery Gagosian, and has works in MoMA and the Tate. Recent shows include a survey at the Met in New York. Her paintings, slippery and complex canvases that are richly allusive and reward slow looking, sell for millions, making her one of the most valuable living female artists. Continue reading...
mikdam/iStock via Getty Images It is difficult to get a handle on York Space Systems ( YSS ). The company is newly public, operates in a relatively new space industry, and can't give much detail on its key contracts. And so there is a bit of guesswork involved here in analyzing the underlying business, notably in areas like competition and potential margins. But what we do know creates a relativel...
mikdam/iStock via Getty Images It is difficult to get a handle on York Space Systems ( YSS ). The company is newly public, operates in a relatively new space industry, and can't give much detail on its key contracts. And so there is a bit of guesswork involved here in analyzing the underlying business, notably in areas like competition and potential margins. But what we do know creates a relatively intriguing story. Valuation, unsurprisingly, is a question mark, but at its core the bull case for York is relatively simple: it is the best manufacturer of satellites there is. Trading since the late January initial public offering has been ugly, and there are concerns about York's potential role in the 'Golden Dome' program. But with U.S. government demand growing rapidly and commercial contracts on the way, there's a solid argument that York can grow into its valuation - and that the rally after fourth-quarter earnings on Friday is the beginning of a longer rebound in York stock. The Simple Case for YSS Stock York was founded in 2012 with the express purpose of improving the manufacturing of satellites. Three different platforms—S CLASS, LX-CLASS, and M-CLASS—offer varying capabilities yet, wisely, are built on similar, modular architectures. Per the S-1, the three platforms share 75% of their hardware and 95% of their software. In part through acquisitions, York has built out capabilities that cover the entirety of satellite manufacturing and operation. The focus on satellites and the modular architecture appears to give York significant advantages. Again, per the S-1, it has an 83% rate on PWSA (Proliferated Warfighter Space Architecture) contracts and generally delivers satellites at "roughly half" the cost of competitors. The opportunity here is obviously quite substantial. The proposed Golden Dome missile defense system alone has a projected budget of $175 billion, though outside observers believe the actual figure could be several times higher . The PWSA program,...
A container ship is seen docked at the Port of Los Angeles on March 13, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Tariffs are expected to cost the average household several hundred dollars to perhaps more than $1,000 this year, according to various economic analyses. But each household may wind up paying more or less based on a variety of factors, including family size, geogr...
A container ship is seen docked at the Port of Los Angeles on March 13, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Tariffs are expected to cost the average household several hundred dollars to perhaps more than $1,000 this year, according to various economic analyses. But each household may wind up paying more or less based on a variety of factors, including family size, geography and typical purchases, economists said. Low earners are also likely to feel the impact more than wealthier ones, they said. The cost of tariffs for households Tariffs are a tax on imports. They're generally paid by the U.S. entity importing the foreign goods. The Federal Reserve Bank of New York found in a recent paper that U.S. firms and consumers bore "the bulk" — roughly 90% — of the economic burden of tariffs imposed in 2025. The extent to which businesses pass through some or all of those import taxes to consumers via higher prices fluctuates by company, economists said. Under the current tariff regime, the average household will pay an extra $570 in 2026 due to tariffs, according to a March 9 analysis by the Yale University Budget Lab, a nonpartisan policy research center. watch now VIDEO 3:32 03:32 Fed Chair Powell: Inflation overshoot is mainly from goods and tariffs Power Lunch The Tax Foundation, a nonpartisan tax think tank, similarly found that the current slate of tariffs would cost households $600 each , on average, in 2026, according to a March 13 analysis. The household cost burden would have been higher had the Supreme Court not ruled in February that the centerpiece of the Trump administration's tariff agenda was illegal , according to both groups' analyses. Read more CNBC personal finance coverage The uneven cost of tariffs: Why some households will pay more than others When it comes to private credit, 'some caution is reasonable,' advisor says 'War tax resistance' gains attention amid Iran conflict, but IRS penalties apply Average IRS tax refund is ...
The S&P 500 index has fallen about 4.5% since the Middle East war started. And it continues to drop. As a result, most sectors of the S&P 500 are deep in the red for March (March 2 was the first trading day after the war began). But not all sectors are down. A few are solidly in the green this month. That begins with energy stocks. With the Strait of Hormuz effectively closed, prices of both crude...
The S&P 500 index has fallen about 4.5% since the Middle East war started. And it continues to drop. As a result, most sectors of the S&P 500 are deep in the red for March (March 2 was the first trading day after the war began). But not all sectors are down. A few are solidly in the green this month. That begins with energy stocks. With the Strait of Hormuz effectively closed, prices of both crude oil and natural gas have spiked on world markets. The average price of a gallon of gasoline has soared by almost $1. That's all great news for energy companies and their shareholders. ExxonMobil (XOM +0.95%) is up 3.3% this month, and Chevron has climbed almost 8%. ConocoPhillips is up 11% for the month. Large refiners like Phillips 66, Valero Energy, and Marathon Petroleum are also up by double digits. The AI build-out is bolstering computer hardware and storage stocks But gains since the war broke out aren't limited to energy stocks. Several stocks in the computer hardware subsector have also posted strong gains in March. Sandisk (SNDK 8.11%) was the best-performing stock in the S&P 500 index last year, with an incredible 559% return. It's doing it again in 2026, up more than 210% year to date and 17% since the war started. The company makes flash storage devices that can retain data without a power source. Expand NASDAQ : SNDK Sandisk Today's Change ( -8.11 %) $ -62.60 Current Price $ 709.49 Key Data Points Market Cap $105B Day's Range $ 698.60 - $ 777.00 52wk Range $ 27.89 - $ 777.60 Volume 27K Avg Vol 18M Gross Margin 34.81 % Western Digital also makes data storage products, though it's focused on hard drives rather than flash memory. That stock soared last year, up a whopping 282%, and is also putting in a repeat performance in 2026, up 78% this year and 11% in March. International Business Machines and Dell Technologies are also having a very good March. Add to that list Micron Technology, which has climbed more than 7% this month, also driven by soaring memory dema...
Key Points Nvidia CEO Jensen Huang told investors the company projects at least $1 trillion in chip sales between its Blackwell and Vera Rubin models over the next two years. Huang also provided more fantastic news for shareholders that was likely somewhat overshadowed by the chip guidance. 10 stocks we like better than Nvidia › At Nvidia's (NASDAQ: NVDA) highly anticipated GPU (graphics processin...
Key Points Nvidia CEO Jensen Huang told investors the company projects at least $1 trillion in chip sales between its Blackwell and Vera Rubin models over the next two years. Huang also provided more fantastic news for shareholders that was likely somewhat overshadowed by the chip guidance. 10 stocks we like better than Nvidia › At Nvidia's (NASDAQ: NVDA) highly anticipated GPU (graphics processing unit) Technology Conference, CEO Jensen Huang came ready to impress. He kicked things off by telling attendees and the world that the company is projecting $1 trillion of sales from its Blackwell and Vera Rubin GPUs and platforms over the next 21 months through 2027. Not only is that number double what Nvidia expects artificial intelligence hardware sales to be in 2025 and 2026, it also beat consensus estimates from Wall Street analysts. Huang didn't stop there -- he delivered more fantastic news to shareholders. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Sales to China to resume At the GTC conference, Huang told a group of reporters that the company plans to resume sales of its H200 processors to businesses in China for the first time in several quarters. The H200 is an older Nvidia GPU model, but it's the one Nvidia has historically been allowed to sell to companies in China. The U.S. government has historically prevented Nvidia from selling its most advanced chips in the region, due to national security concerns. "We have received purchase orders, and we're in the process of restarting our manufacturing," Huang said, according to CNBC. "That's new news for all of you, and it's different than it was two weeks ago or three weeks ago, but that's our condition today ... and our supply chain is getting fired up." In the first half of 2025, the Trump administration effectively banned Nvidia from selli...
Robert Way/iStock Editorial via Getty Images In my December Nvidia ( NVDA ) thesis, I had a bullish call on Nvidia based on numerical implications rather than narrative optimism. Near term growth looked de-risked by strong backlog visibility, while longer term growth could be conservatively modeled using a taper (50% to lower teens over the next 3-4 years) without requiring aggressively bullish as...
Robert Way/iStock Editorial via Getty Images In my December Nvidia ( NVDA ) thesis, I had a bullish call on Nvidia based on numerical implications rather than narrative optimism. Near term growth looked de-risked by strong backlog visibility, while longer term growth could be conservatively modeled using a taper (50% to lower teens over the next 3-4 years) without requiring aggressively bullish assumptions. Even under a competitive scenario (where AMD, hyperscalers, and ASICs captured meaningful share), the math still worked because the AI infrastructure TAM expansion was large enough to accommodate competition without impairing NVIDIA’s earnings trajectory. Valuation conservatism was assumed by forcing a compression to ~25x, which still supported ~11% CAGR returns. Fundamentally, Nvidia's thesis has only strengthened since my older thesis and after Q4 FY2026 results . Demand was already strong and backlog-supported in my earlier thesis, but recent data shows it is now more diversified across enterprise and sovereign AI, reducing hyperscaler concentration risk. Additionally, hyperscaler capex has also come out stronger since December (with Google and Amazon capex announcements), improving near-term demand. More importantly, the nature of demand is looking encouraging - shifting quietly from training-led buildouts to inference-driven usage. As demand links itself closer to customer revenue generation economics, its long-term support improves. There are other supportive factors that support Nvidia's fundamentals too. Margins are still structurally strong. Networking growth adds a meaningful second engine to the financials. Despite intact fundamental strength, I feel Nvidia is more of a hold now than a candidate for fresh buying. And what triggers that downgrade is a market regime that has decidedly moved into territory that is less conducive for long duration growth assumptions. The December thesis assumed that valuation would compress toward ~25x earnings over time. ...
Robert Way/iStock Editorial via Getty Images In my December Nvidia ( NVDA ) thesis, I had a bullish call on Nvidia based on numerical implications rather than narrative optimism. Near term growth looked de-risked by strong backlog visibility, while longer term growth could be conservatively modeled using a taper (50% to lower teens over the next 3-4 years) without requiring aggressively bullish as...
Robert Way/iStock Editorial via Getty Images In my December Nvidia ( NVDA ) thesis, I had a bullish call on Nvidia based on numerical implications rather than narrative optimism. Near term growth looked de-risked by strong backlog visibility, while longer term growth could be conservatively modeled using a taper (50% to lower teens over the next 3-4 years) without requiring aggressively bullish assumptions. Even under a competitive scenario (where AMD, hyperscalers, and ASICs captured meaningful share), the math still worked because the AI infrastructure TAM expansion was large enough to accommodate competition without impairing NVIDIA’s earnings trajectory. Valuation conservatism was assumed by forcing a compression to ~25x, which still supported ~11% CAGR returns. Fundamentally, Nvidia's thesis has only strengthened since my older thesis and after Q4 FY2026 results . Demand was already strong and backlog-supported in my earlier thesis, but recent data shows it is now more diversified across enterprise and sovereign AI, reducing hyperscaler concentration risk. Additionally, hyperscaler capex has also come out stronger since December (with Google and Amazon capex announcements), improving near-term demand. More importantly, the nature of demand is looking encouraging - shifting quietly from training-led buildouts to inference-driven usage. As demand links itself closer to customer revenue generation economics, its long-term support improves. There are other supportive factors that support Nvidia's fundamentals too. Margins are still structurally strong. Networking growth adds a meaningful second engine to the financials. Despite intact fundamental strength, I feel Nvidia is more of a hold now than a candidate for fresh buying. And what triggers that downgrade is a market regime that has decidedly moved into territory that is less conducive for long duration growth assumptions. The December thesis assumed that valuation would compress toward ~25x earnings over time. ...
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. While the performance was in line with the expectations for the full year. The firm believes that the Strategy unde...
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. While the performance was in line with the expectations for the full year. The firm believes that the Strategy underperformed in 2025 because it did not own Palantir Technologies Inc (PLTR). The Strategy focuses on achieving solid risk-adjusted returns by investing in high-quality compounders with fair valuations and market capitalizations between $2 billion and $50 billion at the time of purchase. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025. In its fourth-quarter 2025 investor letter, Brown Advisory Mid-Cap Growth Strategy highlighted stocks like Roblox Corporation (NYSE:RBLX). Roblox Corporation (NYSE:RBLX) is an online gaming and virtual experience platform, supported by AI-driven innovation and infrastructure advantages. On March 20, 2026, Roblox Corporation (NYSE:RBLX) stock closed at $56.96 per share. One-month return of Roblox Corporation (NYSE:RBLX) was -8.76%, and its shares lost 6.90% over the past 52 weeks. Roblox Corporation (NYSE:RBLX) has a market capitalization of $40.368 billion. Brown Advisory Mid-Cap Growth Strategy stated the following regarding Roblox Corporation (NYSE:RBLX) in its fourth quarter 2025 investor letter: "Roblox Corporation (NYSE:RBLX): Develops online video game platform. Roblox (RBLX) delivered a breakout year driven by multiple record-setting game launches that significantly expanded engagement on the platform. However, growth began to moderate in the fourth quarter, and investors grew more cautious amid rising investment spending and challenging comparisons heading into 2026." Jim Cramer on Roblox (RBLX): “I Think It's Terrific” Roblox Corporation (NYSE:RBLX) is not on our list of 40 Most Popula...
In this article BN-FR Follow your favorite stocks CREATE FREE ACCOUNT Huel makes vegan, powdered meal replacements, catering to people who "deem themselves time-poor" but want healthy, environmentally sustainable meals. Source: Huel French food and beverage maker Danone said Monday it's set to buy protein drinks maker Huel as a more health-conscious younger generation and the rise of weight-loss d...
In this article BN-FR Follow your favorite stocks CREATE FREE ACCOUNT Huel makes vegan, powdered meal replacements, catering to people who "deem themselves time-poor" but want healthy, environmentally sustainable meals. Source: Huel French food and beverage maker Danone said Monday it's set to buy protein drinks maker Huel as a more health-conscious younger generation and the rise of weight-loss drugs pushes companies to rethink what people want to consume. Huel sells a range of protein shakes and drinks fortified with nutrients. It's backed by celebrities such as The Diary of a CEO podcast host Steven Bartlett and actor Idris Elba. Combining Huel's range and digital capabilities with Danone's global reach and nutritional expertise is an opportunity in "the new and fast-growing nutritionally complete space," said Danone CEO Antoine de Saint-Affrique in a statement. "Most people don't get enough protein, fibre, or the right nutrients," added Huel CEO James McMaster. "That's the problem Huel exists to solve." The deal, which is subject to regulatory approvals, is about 1 billion euros ($1.15 billion), the Financial Times reported, citing a person close to the company. Danone declined to comment on the value of the transaction. Danone CEO De Saint-Affrique told CNBC's Charlotte Reed in 2024 that its portfolio, which includes yoghurts and water, was "extremely complementary" to growing health awareness and the use of GLP-1 drugs. Danone also makes specialized nutrition and baby milk, with key brands such as Activia yoghurts, Alpro plant-based milk and infant formula Aptamil. watch now VIDEO 0:42 00:42 Danone products complementary to GLP-1s, says CEO Squawk Box Europe Food makers are already starting to adapt to emerging trends through portion control, tweaking recipes and offering more premium products, which is only likely to accelerate as adoption of GLP-1s rises, according to analysts at ING. The impact of these drugs is still limited in Europe, with around 2% of th...