egadolfo/iStock Unreleased via Getty Images PayPay ( PAYP ) agreed to acquire 70.2% of the shares of T&D Financial Life Insurance Company from T&D Holdings, making T&D Financial Life a subsidiary of PayPay, the company said Thursday. The total estimated price of the acquisition, including acquisition-related expenses, is JPY 134.3B ($840M). PayPay ( PAYP ) stock dropped 7.4% in late Thursday trading. The acquisition will broaden the financial services that PayPay offers for each stage of its users' lives — from everyday payments to asset building, insurance, asset management, and asset succession, the company said. Separately, One Investment Management, an asset management company independent of PayPay, plans to acquire 14.9% of T&D Financial Life shares. PayPay plans to enter into an agreement with T&D Holdings and One Investment that will give it a call option on the 14.9% of T&D Financial Life exercisable by PayPay from after the date of the acquisition. There will also be a put option exercisable by T&D Holdings. More on PayPay Corporation PayPay: It Is Time To Buy Japan's Fintech Champion Largest IPOs of the last 90 days register mixed debut Cathie Wood's weekly recap: adds JOBY, CRSP, TEM, sells TER, TXG, CRCL Historical earnings data for PayPay Corporation Financial information for PayPay Corporation

iShares Global Clean Energy ETF (NASDAQ:ICLN) provides diversified renewable energy exposure at a lower cost, whereas Invesco Solar ETF (NYSEMKT:TAN) offers a concentrated, high-conviction play on the solar industry. Investors seeking green energy exposure often choose between broad-spectrum funds and niche industry trackers. Both funds launched in 2008 and target the global transition toward sustainable power generation, such as wind, solar, and geothermal. While they occupy the same thematic space, their internal strategies and asset concentrations lead to significantly different risk-reward profiles for long-term portfolios. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The one-year return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading

anamejia18/iStock Editorial via Getty Images Ecopetrol ( EC ) down 0.4% in Thursday's trading as Citigroup downgrades Colombia's largest oil company to Neutral/High Risk from Buy/High Risk with an $18 price target, noting the country's oil and gas production has been on a structural decline trend since 2015, driven by the 2014 and 2020 oil price crises. Ecopetrol's ( EC ) investment case has significantly re-rated on the back of higher oil prices as well as hopes of a change in Colombian policies regarding the oil and gas industry, with the "house view" considered relatively constructive for the Colombian election's second round, but "the downside risk of the bear case is significant," which Citi analyst Andres Cardona says leaves him at a Neutral rating. In an eventual pro-oil and gas industry government, Cardona thinks new oil rounds likely would come relatively fast, with the fracking de-risking helping to restore Ecopeotrol's ( EC ) business purpose, while also finding a reasonable potential—although less likely—to explore capital allocation decisions to simplify the value proposition to shareholders. Colombian oil and gas production will inevitably decline, the analyst says, with significant impacts on the energy trade balance of the country and Ecopetrol's ( EC ) cash flow outlook, as such a scenario could imply the stock trades at ~$10/ADR even in a relatively high oil price environment. More on Ecopetrol Ecopetrol Q1 2026 Earnings Call Presentation Ecopetrol: The Rerating Story Is Over The Slow Destruction Of Colombia's Ecopetrol

US equity indexes rose ahead of Thursday's close as technology partially clawed back intraday declin

格隆汇6月5日｜据Politico报道，美国五角大楼预计将取消向德国输送“战斧”导弹的计划，部分原因是官员们担心俄罗斯会将此视为局势升级。据两名欧洲官员和一名美国官员称，美国方面担心此举可能会招致莫斯科的报复。但德国领导人表示，若决定不交付这些导弹，将使拜登政府时期达成的一项协议落空，令柏林失去急需的防御能力。此举是美国从北约联盟全面收缩战略的一部分，这些举措正在颠覆几代人以来维系的紧密伙伴关系。报道还称，美国官员们虽然主要担心俄罗斯的反应，但很可能也对美国武器储备的减少感到忧虑。美国防部长上月向国会表示，要填补此次伊朗冲突中消耗的弹药，将需要“数月乃至数年”的时间。

Critics hope to keep Elon Musk from escaping a strict data-privacy order imposed by the Federal Trade Commission (FTC) shortly before he took over Twitter. The FTC order placed restrictions on X's data use for 20 years, while requiring regular independent audits and granting the agency authority to request documents as needed to ensure compliance. The FTC’s action came after Twitter voluntarily disclosed that between May 2013 and September 2019, a coding error accidentally allowed phone numbers and email addresses that users shared for two-factor authentication purposes to be used for targeted advertising aimed at those same users. In a settlement that came just months before Musk's 2022 takeover, Twitter agreed to pay $150 million and to allow the FTC to monitor the platform's data-handling practices until 2042 in order to protect user privacy. Read full article Comments

格隆汇6月5日｜美国总统特朗普：将在林肯纪念堂修建步道。

Tim Robberts/DigitalVision via Getty Images For years now, Datadog ( DDOG ) has been building itself up, and it's no longer the simple observability company it used to be. In fact, its strategy to become a unified platform for cloud infrastructure, security, and application monitoring has been working incredibly well. You can see very clearly why I’m such a big fan of Datadog. The numbers are in its favor! DDOG stock summary (Best Stocks Now) And this last quarter was incredibly strong for Datadog as well. Q1 2026 reported revenue was $761.6 million, up 25% year over year. Non-GAAP operating income reached $167 million, and non-GAAP EPS came in at $0.46. Those numbers aren’t anything to scoff at; they’re a clear sign to me that Datadog is executing at a high level. Just look at Datadog’s expansion strategy. What started as infrastructure monitoring became logs, which then became application performance monitoring. Which expanded into security, then cloud security, and now they’re in developer tools and AI monitoring. That’s not just a company expanding randomly. They decided early on to move into areas they believed the industry was heading toward and then executed well enough to make those bets truly pay off. Datadog’s deliberate efforts to become the central layer that companies go to in order to operate increasingly complex systems have greatly increased the value of the company. They're now a multi-project platform that continues to grow even as it scales. Being that central layer is an extremely valuable position for a company to be in, and like I pointed out, it didn't just happen overnight. It was a result of foresight and disciplined execution. First, let's look back at Datadog’s numbers. DDOG vs S&P performance (Best Stocks Now) The 10-year average total return is 18.09% (vs. the S&P 500’s 26.3%), the five-year average total return is 22.13% (vs. the S&P 500’s 16.2%), the three-year average total return is 38.47% (vs. the S&P 500’s 27.0%), the twelve-month ...

格隆汇6月5日｜市场消息：波音(BA.N)正在考虑将737的产量提升至接近空客设定的激进生产目标水平。

美国最高法院周四以9票对0票的一致裁决结果，支持仿制药制造商Hikma Pharmaceuticals在瘦标签专利纠纷案中的立场，驳回爱尔兰制药商Amarin提起的专利侵权诉讼。受此消息影响，Amarin股价当日大幅下跌。 这场纠纷围绕Amarin旗下心血管药物Vascepa展开。该药最初于2012年获FDA批准用于治疗严重高甘油三酯血症，2019年适应症扩展至降低心血管风险，后者专利保护期至2033年。2020年，Hikma获得瘦标签批准，仅针对已过专利保护的严重高甘油三酯血症适应症销售仿制药。 Amarin主张，Hikma在新闻稿和网站中将产品称为Vascepa仿制药，且未明确说明仅获批用于特定适应症，实质上诱导医生将其用于仍受专利保护的心血管适应症。2024年，联邦巡回上诉法院曾恢复该诉讼，认为医生的确可能将Hikma的表述解读为鼓励侵权的指示。 然而，最高法院推翻了这一裁定。大法官Ketanji Brown Jackson在判决意见中指出，Amarin未能合理证明Hikma采取了积极步骤主动鼓励侵权行为。法院强调，仿制药依法有义务在标签上与原研药保持一致，将遵守法律和行业标准定性为违法行为将令仿制药企业陷入进退两难的境地。 核心问题在于Amarin是否合理指控了Hikma积极鼓励侵权使用，而不仅仅是医生能否将相关表述解读为侵权指示，Jackson写道。 这一裁决被视为仿制药行业的重大胜利。患者平价药物组织CEO Merith Basey表示，该裁决保护了为患者带来低价仿制药的重要通道，若法院做出相反判决，仿制药制造商在遵守规则时将面临更高的法律风险，最终导致更少的仿制药竞争和更高的药品价格。对Hikma而言，Vascepa仅是其仿制药管线中的产品之一，公司目前还销售包括降压药、抗凝药、抗生素等在内的多个品种。 对Amarin而言，这是继2020年Vascepa核心专利失效后的又一次重大打击。Vascepa是该公司的唯一产品，2025年销售额为2.136亿美元。目前已有八家仿制药企业推出Vascepa仿制药，挤压了Amarin在美国市场的份额。该公司正将重心转向欧洲市场，其Vazkepa已在46个国家获批，欧洲知识产权已延长至2039年。 责任编辑：张俊 SF065

Robinhood股价周四尾盘上涨逾5%，此前该平台宣布推出2026年FIFA世界杯预测市场服务，允许用户对赛事结果进行交易。 Robinhood本周四宣布，符合条件的客户可以交易世界杯相关的预测合约，涵盖单场比赛、小组赛和锦标赛冠军、让分盘、总分、球员表现等各类结果。这些合约正在逐步上线，预计将在未来几天内向所有合格客户开放。 此次推出的世界杯预测市场通过Rothera进行路由，这是一家获得美国商品期货交易委员会牌照的交易所和清算所，由Robinhood与Susquehanna International Group的合资企业独立管理。Robinhood期货与预测市场副总裁JB Mackenzie表示，世界杯是全球性盛事，是推出Rothera的完美契机，公司正致力于让Robinhood成为交易预测市场的最佳平台。 在费用方面，Robinhood于6月1日推出了新的定价模式，佣金费用根据合约价格和订单规模变化，每份合约费用从不超过0.01美元。Robinhood Gold会员还可享受每笔交易佣金最高五折的额外折扣。 预测市场已成为Robinhood增长最快的产品线。数据显示，2025年该公司交易了超过120亿份活动合约，而2026年至今已交易超过160亿份。截至2025年底，Robinhood拥有3220亿美元的客户资产和2700万个活跃账户。 Rothera首席执行官Thomas Chippas表示，这是为快速增长的预测市场建立专用交易所和清算所的重要里程碑，世界杯标志着这一旅程的第一步。 截至周四尾盘交易时段，Robinhood股价报87.11美元，当日涨幅约5.14%，市值约784亿美元。 责任编辑：张俊 SF065

Verizon CEO Daniel Schulman says AI could replace “a large percentage” of the company's customer service workforce. Speaking at the Bloomberg Tech Conference 2026 in San Francisco, Schulman also says that the technology is primed to handle routine customer requests like billing amounts and increases customer satisfaction when used but AI agents will also have to work together with human agents to satisfy many requests. (Source: Bloomberg)

施乐 公司股价周四上涨逾3%，此前另类投资机构STARTEEPO Invest披露已将在该公司的持股比例提升至6%以上。据STARTEEPO向美国证券交易委员会提交的修订版文件显示，该基金目前实益持有施乐约800万股普通股，并持有额外14万股的期权，已成为施乐第三大股东。 STARTEEPO董事会主席Frantisek Bostl在一份声明中表示，对该基金而言，施乐是一项高确信度投资，也是其投资组合中最大的持仓之一。随着公司持续推进重组计划、Lexmark整合工作以及管理层对盈利能力和资产负债表的改善，投资信心正在增强。STARTEEPO还认为，施乐近期宣布的认股权证结构可能为公司提供了独特的去杠杆机会。随着股价上涨，认股权证的行权可能带来新股本发行并相应减少未偿债务。 施乐近期业绩确实呈现改善迹象。公司第一季度财报显示，调整后营业利润率达3.9%，同比提升240个基点；调整后营业收入达7200万美元，同比增加5000万美元。公司重申全年自由现金流指引约为2.5亿美元。 在战略转型方面，施乐正积极布局AI驱动的文档工作流和智能文档处理领域，通过专门业务部门投资AI赋能的文档解决方案、内容管理和物联网服务。在Quocirca的2026年自动化、AI、云与技术评估中，施乐被评为领导者。管理团队认为，公司比外部叙事所暗示的更接近拐点。 不过，也有观点对STARTEEPO的策略持保留态度。施乐目前持有约44亿美元总债务，第一季度净亏损1.05亿美元，自由现金流为负1.65亿美元。分析人士指出，这是一家在结构性萎缩市场中持续亏损的企业，STARTEEPO的介入更多表明投资者相信可以推动管理层做出改变，但这是否足以拯救一家萎缩的特许经营企业仍是未知数。 责任编辑：张俊 SF065

On June 2, 2026, the three major A-share indexes all closed higher, with total market turnover reaching 2.81 trillion yuan. Photo: VCG China’s major stock exchanges are overhauling their benchmark indices to add domestic artificial intelligence and semiconductor companies while phasing out traditional consumer electronics manufacturers. The semi-annual rebalancing, effective June 15, impacts more than a dozen key gauges including the CSI 300, SSE 50, and STAR 50. Passive funds are already injecting hundreds of millions of dollars into newly selected computing and memory chip stocks during the two-week trading window before the changes take effect.

上个月美国债市抛售最严重的时期，Vishal Khanduja察觉到了一个不同寻常的情况。 当时，最长期美债收益率飙升至19年高点，期货抛售巨浪席卷市场，抵押贷款支持证券首当其冲。 对于在华尔街从业二十载的 摩根士丹利 投资管理投资组合经理Khanduja来说，这是一个明显信号：许多像他一样的人正争先恐后地从事受益于美债进一步下跌的交易，以此防范住房债券进一步下跌的风险。这种策略被称为凸性对冲。 “这可是件大事，”他说。“我们很长一段时间都没讨论过它了。” 这种策略的复兴势头正逐渐增强，有可能给31万亿美元美债市场注入新的波动性。受中东动荡局势、美联储领导层更换、政府债务激增以及人工智能投资热潮（通过大量发行新债进行融资）影响，美债市场本已饱受冲击。 在美联储2022年激进加息导致债市陷入暴跌后，抵押贷款对冲活动在国债市场中的影响基本消失。低利率抵押贷款支持的证券暴跌，以至于尘埃落定后，投资者已无需再防范进一步下跌。同时，房主再融资提前偿还贷款的可能性也不大。 但自那以后，数千亿美元利率更高的抵押贷款被打包成新的证券，而这些证券更容易受到凸性的影响。凸性衡量的是收益率变动时价格变化的速度。随着通胀再次抬头抑制经济前景，有迹象表明投资者被迫对冲这种风险，这导致他们在国债上涨时买入，在国债下跌时同步卖出，从而放大了市场的波动。有人称之为“野兽”。 “如果它加剧了收益率的抛售，那么它就具有更广泛的意义，”巴克莱策略师Amrut Nashikkar表示，“收益率走高会产生很多负面反馈。它们会增加财政部的融资成本，并导致本已令人担忧的财政前景恶化。” 这一策略的重要性已不如以往，也远非近期债市走低的主要驱动因素。主要驱动因素是油价冲击 —— 这已重新推 高通 胀，并引发市场猜测美联储最早可能需在今年晚些时候再次开始加息。 然而，在美国国债收益率突破长期维持的交易区间后，对冲活动则被视为加剧抛售的因素。策略师和投资者表示，这种情况发生后，许多持有大量较新抵押贷款证券的人开始对冲价格进一步下跌的风险。 风险部分上源于这样一个事实：当借贷成本上升时，选择再融资的房主数量会减少。这实际上延长了证券的期限，反过来意味着当利率上升时，价格下跌幅度会更大。 为了抵消这种风险，投资者会进行国债交易 —— 通常是通过衍生品，如果债券价格下跌就能获利。当利率下降，再融资的可能性上升时，他们则会反...

UBS (AMUB) offers AMZN‑linked autocallable notes due 2029 with 10.5% coupon Stock Titan

Getty Images In October 2025 I published my last article about International Flavors & Fragrances Inc. ( IFF ). Back then I rated the stock as a “Buy” and I argued in my conclusion: If IFF will continue to decline lower and reach $55, the stock might be a good "Buy". At this level the stock is at least fairly valued and most likely well underpinned by strong floor of support, and I only see limited downside for the stock, and in my opinion, it is unlikely for the stock to decline below $50. Nevertheless, I still don't think IFF is the best investment one can make at this point, as the stock is only slightly undervalued and certainly not a screaming bargain. However, if you want to invest in IFF, now might be the best investment opportunity of the last ten years. Since my last article was published, the stock gained almost 13% in value (and more than 14% when including dividends). Last week, the company announced it will sell its food ingredients business. In the following article, I will argue why IFF is now rated a “Hold” again due to the higher stock price and a business that will generate lower amounts of revenue and free cash flow. Quarterly Results As always, we start by looking at the latest quarterly results. The company beat analysts' expectations for revenue as well as earnings per share. Net sales, however, declined from $2.843 billion in Q1 2025 to $2.741 billion in Q1 2026, resulting in a 3.6% decline year over year. And while the company had to report an operating loss of $903 million in the same quarter last year, it now reported $273 million in operating income. The bottom line also switched from a diluted loss per share of $3.98 in Q1/25 to $0.66 earnings per share in Q1/26. IFF Q1/26 Presentation In April, management expected revenue for fiscal 2026 to be between $10.5 billion and $10.8 billion, resulting in 1% to 4% comparable currency-neutral growth. Adjusted operating EBITDA is expected to be in a range of $2.05 billion to $2.15 billion, resultin...

工业及建筑用品分销商Fastenal周四公布的五月销售业绩显示，当月净销售额同比增长9.3%至7.515亿美元，日均销售额同比增长14.8%至3758万美元，延续了公司强劲的增长势头。 这已是Fastenal连续第11个月实现两位数的日均销售同比增长，增速较四月的14.3%进一步加快，创下自2022年8月以来的最佳表现。公司所有地理区域和终端市场的销售均实现增长，其中美国和加拿大市场日均销售分别增长13.3%和20.3%。 从终端市场看，制造业依然是增长的主要驱动力。重制造业销售同比增长18.7%，占总销售额的44.2%；其他制造业增长11.5%，占32.1%。重型制造业的强劲表现与五月ISM制造业PMI升至54.0的数据相呼应，表明工业需求环境正在持续改善。 客户结构方面，合同客户日均销售增长18%，表现显著优于非合同客户的8%增幅。公司前100大全国性客户中有83%实现增长，较四月的79%进一步提升。这表明Fastenal在大客户渗透和合同签约方面持续取得进展。 产品类别方面，直接材料销售日均增长16%，间接材料增长14.5%。Fastenal的科技赋能渠道继续扩张，FMI库存管理业务和电商业务日均销售分别增长17%和11%。 Baird分析师在评论中表示，总体而言这是又一个出色的月份，与加速增长的工业市场趋势一致，Fastenal仍是其首选的工业分销股。Jefferies维持对该股的买入评级和52美元目标价，指出四月和五月的销售数据意味着六月仅需约6%的日均销售增长即可达到第二季度预期。 责任编辑：张俊 SF065

Verizon Communications Inc. Chief Executive Officer Dan Schulman expects that artificial intelligence technology will replace “a large percentage” of the work that customer service representatives do as the New York-based carrier looks to boost financial performance and improve customer satisfaction. Speaking at the Bloomberg Tech conference in San Francisco on Thursday, Schulman said he’s certain AI will cause “disruption in certain job functions.” But he’s bullish on the technology’s ability to help customers get answers to easy queries like recovering a lost password or retrieving a billing amount. For more complex requests, human employees and AI agents will work together. The AI implementation is part of Schulman’s overall strategy to reinvigorate the largest US wireless provider, which had seen sluggish growth in recent years. He inherited a company that had increased monthly rates and fees over the past few years to boost revenue, but it had been squeezing more money from a shrinking customer pool. To combat customer fatigue and better compete against AT&T Inc. and T-Mobile US Inc. , Verizon has started introducing promotions and service guarantees. Schulman said he won’t raises prices without delivering something of value to consumers. Schulman’s focus on improving the customer experience already seems to be paying off. In April, Verizon reported the first positive phone subscriber additions in a first quarter since 2013, surprising analysts who had been expecting customer losses. The turnaround has still come with challenges. Schulman has navigated the company through a widespread network outage and announced layoffs of more than 13,000 employees. Verizon has set aside $20 million to help retrain workers for the AI era, including learning how to write effective prompts and create AI agents. About 7,000 employees have already applied for the assistance, he said. He’s also “spending a lot of time down in DC” talking to government officials about responsible A...

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Fan ran on to court during NBA finals opener Knicks guard appeared upset with fans Howard Bryant: Brunson the difference in Game 1 The NBA has banned two fans for life after an incident in which a man ran on to the court to take a selfie with Victor Wembanyama during Game 1 of the finals . In a separate case, ESPN reports that the league is investigating an incident during Wednesday night’s game when New York Knicks star Jalen Brunson became upset after an interaction with fans during the fourth quarter of his team’s 105-95 victory over the San Antonio Spurs. Continue reading...