French Trade Minister Nicolas Forissier discusses the trade relationship between the European Union and the US as President Donald Trump threatened to raise tariffs on cars and trucks from the EU to 25%. EU officials have said all options will be on the table if Trump follows through with the threat as the two sides work to implement the agreement. "There was an agreement last July, and so now we ...
French Trade Minister Nicolas Forissier discusses the trade relationship between the European Union and the US as President Donald Trump threatened to raise tariffs on cars and trucks from the EU to 25%. EU officials have said all options will be on the table if Trump follows through with the threat as the two sides work to implement the agreement. "There was an agreement last July, and so now we have to implement it," Forissier tells Bloomberg Television. (Source: Bloomberg)
Madison Faller, investment strategist at JPMorgan Private Bank, says the economic backdrop is resilient and that earnings growth will drive markets higher, as long as the war in the Middle East doesn't flare up again. "So that means positioning for upside, but also I think allocating toward shock absorbers," Faller tells Bloomberg Television. (Source: Bloomberg)
Madison Faller, investment strategist at JPMorgan Private Bank, says the economic backdrop is resilient and that earnings growth will drive markets higher, as long as the war in the Middle East doesn't flare up again. "So that means positioning for upside, but also I think allocating toward shock absorbers," Faller tells Bloomberg Television. (Source: Bloomberg)
Trade barriers have slowed Lululemon 's (NASDAQ: LULU) growth in the United States. *Stock prices used were the afternoon prices of May 2, 2026. The video was published on May 4, 2026. Continue reading
Trade barriers have slowed Lululemon 's (NASDAQ: LULU) growth in the United States. *Stock prices used were the afternoon prices of May 2, 2026. The video was published on May 4, 2026. Continue reading
Five words investors frequently ask are: "What should I do now?" Those words are likely going through many investors' minds after a tumultuous first few months of 2026. The Nasdaq Composite Index (NASDAQINDEX: ^IXIC) entered correction territory, with the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) coming perilously close. However, all three major indexes have rebo...
Five words investors frequently ask are: "What should I do now?" Those words are likely going through many investors' minds after a tumultuous first few months of 2026. The Nasdaq Composite Index (NASDAQINDEX: ^IXIC) entered correction territory, with the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) coming perilously close. However, all three major indexes have rebounded nicely despite continued worries about the Iran war and the economy. So, what should investors do now? One answer is to look to the past. Here's what history says about stock performance in the second quarter. Continue reading
Nadya Tkach/iStock via Getty Images I don't think CSL ( CSLLY ) will return to a premium growth multiple right away. However, at least some of the biggest impediments are either self-inflicted operational issues, temporary policy disruptions, or lower-quality revenue streams being rationalized. At its core, CSL is still the owner of arguably one of the most difficult-to-replicate biologics supply ...
Nadya Tkach/iStock via Getty Images I don't think CSL ( CSLLY ) will return to a premium growth multiple right away. However, at least some of the biggest impediments are either self-inflicted operational issues, temporary policy disruptions, or lower-quality revenue streams being rationalized. At its core, CSL is still the owner of arguably one of the most difficult-to-replicate biologics supply chains in the world. CSL also owns a dominant position in plasma-derived therapies. As I see it, all CSL needs to do is get simpler, get more efficient, and get more disciplined. Latest Financials The most recent reporting period was the six-month period ending December 31, 2025, the first half of FY 2026. Total revenue for the half-year was $8.332 billion (down from $8.483 billion in the prior comparable period), underlying NPATA attributable to CSL shareholders was $1.946 billion (compared to $2.074 billion), and reported NPAT attributable to shareholders dropped sharply to $401 million, mainly as a result of the statutory result absorbing significant restructuring and impairment charges. Underlying operating performance, however, was significantly better than would have been inferred from the headline profit drop. Gross profit margins remained at 55.6% and were marginally ahead of the prior comparative period; similarly, operating cash flows rose by 3% to $1.302 billion. investors.csl.com Segmental performance demonstrates why there has been such an extreme reaction from the market - and conversely, why I think this reaction has now become overly negative. The core plasma business, CSL Behring, produced revenue of $5.45 billion for the half, falling from $5.743 billion in the previous comparable period. Immunoglobulin sales were $3.046 billion and fell by 6%; albumin sales fell by 27% to $494 million, primarily resulting from China's regulatory changes impacting distribution channels. I do not see one half-year of policy and channel disruptions as sufficient reason to co...
The French Trade Minister argued the EU will use tools if Donald Trump makes excessive threats to strategic industries, and is seeking to build a more ‘predictable’ trade relationship with the US. Nicolas Forissier spoke exclusively to Bloomberg TV ahead of France presiding a meeting of G7 Trade Ministers in Paris on Wednesday. (Source: Bloomberg)
The French Trade Minister argued the EU will use tools if Donald Trump makes excessive threats to strategic industries, and is seeking to build a more ‘predictable’ trade relationship with the US. Nicolas Forissier spoke exclusively to Bloomberg TV ahead of France presiding a meeting of G7 Trade Ministers in Paris on Wednesday. (Source: Bloomberg)
Earnings Call Insights: The Baldwin Insurance Group (BWIN) Q1 2026 Management View "We delivered total revenue of $532 million, adjusted EBITDA of $137 million, adjusted EBITDA margin of 26% and adjusted diluted earnings per share of $0.63." (CEO Trevor Baldwin) "To date, over $34 million in cost synergies have been actioned, representing nearly 80% of the 3-year $43 million target we laid out on ...
Earnings Call Insights: The Baldwin Insurance Group (BWIN) Q1 2026 Management View "We delivered total revenue of $532 million, adjusted EBITDA of $137 million, adjusted EBITDA margin of 26% and adjusted diluted earnings per share of $0.63." (CEO Trevor Baldwin) "To date, over $34 million in cost synergies have been actioned, representing nearly 80% of the 3-year $43 million target we laid out on our last call." (CEO Baldwin) "On the revenue side, in the quarter, we realized $1 million of revenue synergies. And as of today, that number has grown to nearly $3 million with over $10 million in client cross-sell opportunities being actively worked." (CEO Baldwin) "We are leaning into AI with conviction." (CEO Baldwin) "The early productivity gains from the tools we are deploying internally are running upwards of 80%." (CEO Baldwin) "For the first quarter, we generated organic revenue growth of 2% and total revenue of $532.2 million." (CFO Bradford Hale) Outlook "For the second quarter, we expect revenue of $485 million to $495 million and organic revenue growth in the mid-single digits." (CFO Hale) "We anticipate adjusted EBITDA between $113 million and $118 million and adjusted diluted EPS of $0.44 to $0.48 per share." (CFO Hale) "Looking ahead, our full year consolidated guidance remains unchanged." (CFO Hale) "Our full year cash flow trajectory remains on track for double-digit growth in 2026." (CFO Hale) Compared with the prior call’s emphasis that organic revenue growth would "ramp throughout the year, reaching double digits by the fourth quarter" (CFO Hale, Q4 2025), management reiterated in Q1 that "we continue to expect a clear inflection in our financial results in the back half of 2026" (CFO Hale), while keeping full-year guidance unchanged. Financial Results "We recorded GAAP net loss for the first quarter of $1.9 million or GAAP diluted earnings per share of $0.02." (CFO Hale) "Adjusted net income... was $89.3 million or $0.63 per fully diluted share." (CFO ...
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV . (Source: Bloomberg)
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV . (Source: Bloomberg)
A backpacker has shared photos of herself holding a MacLehose Trail sign apparently removed from its metal stand during the Labour Day “golden week” holiday, drawing criticism from Hong Kong internet users. In one of two photos posted on her RedNote account, “2 star”, on Monday, the woman is seen holding the wooden panel, with a caption reading: “This is my favourite tourist picture” and a hashtag...
A backpacker has shared photos of herself holding a MacLehose Trail sign apparently removed from its metal stand during the Labour Day “golden week” holiday, drawing criticism from Hong Kong internet users. In one of two photos posted on her RedNote account, “2 star”, on Monday, the woman is seen holding the wooden panel, with a caption reading: “This is my favourite tourist picture” and a hashtag for Po Pin Chau, a well-known natural landmark in Sai Kung and a popular destination for...
Hong Kong conglomerate CK Hutchison agrees to sell 49% stake as it attempts to reshape its portfolio Business live – latest updates Vodafone is to take full control of the UK’s biggest mobile operator in a £4.3bn buyout deal with the Hong Kong conglomerate CK Hutchison. Billionaire Li Ka-shing’s business said it had agreed to sell its 49% stake in VodafoneThree – a network with more than 27 millio...
Hong Kong conglomerate CK Hutchison agrees to sell 49% stake as it attempts to reshape its portfolio Business live – latest updates Vodafone is to take full control of the UK’s biggest mobile operator in a £4.3bn buyout deal with the Hong Kong conglomerate CK Hutchison. Billionaire Li Ka-shing’s business said it had agreed to sell its 49% stake in VodafoneThree – a network with more than 27 million subscribers – to its partner Vodafone. Continue reading...