Earnings Call Insights: Abacus Global Management, Inc. (ABX) Q4 2025 Management View CEO Jay Jackson stated, “Abacus closed the year by delivering another exceptional quarter, our 11th consecutive quarter of beating consensus. Today, I want to walk you through how we are executing against our vision and what the path forward looks like grounded, not in projections, but in what I'd call our proof point. A track record of consistent, measurable outperformance.” Jackson emphasized that Abacus has tripled adjusted net income and adjusted EBITDA, expanded margins from 48% to 60%, and grown its asset base more than thirty-five-fold from under $100 million to nearly $3.6 billion over 11 quarters, with ROE and ROIC consistently at 20% or higher. He announced full year 2026 outlook for adjusted net income of $96 million to $104 million, implying up to 22% year-over-year growth from 2025’s $85.7 million. Jackson also highlighted a newly authorized $20 million share repurchase program, adding to the previous $10 million buyback and ongoing dividends. The CEO detailed the four vertical strategy: Life Solutions, Asset Group, Data/Technology (Abacus Intel), and Wealth Advisors, with the recent $50 million minority investment in Manning & Napier, a platform with over $18 billion AUM, strengthening the wealth advisory channel. Jackson outlined long-term goals, including $450 million in EBITDA and 70% recurring revenue within five years, and $2.5 billion in revenue, $1.5 billion in EBITDA, and $150 billion in AUM by 2030. CFO William McCauley stated, “Total revenue in the fourth quarter grew 116% to $71.9 million, compared to $33.2 million in the prior year period. Our growth was primarily driven by strong performance in Life Solutions, higher asset management fees and contributions from our technology services business.” Outlook Management initiated full year 2026 adjusted net income guidance of $96 million to $104 million, reflecting growth of up to 22% over 2025 results. Abacus t...

格隆汇3月13日｜马来西亚农业部长：将提高大米储备量至九个月水平。

《大行》高盛降美團(03690.HK)目標價至112元 評級「買入」 富途牛牛

比亞迪表示，考慮在加拿大興建廠房，並不排除收購海外車廠的可能性。 比亞迪執行副總裁李柯接受《彭博》訪問時表示，集團正積極研究在加拿大興建廠房，強調希望獨自營運，而不是透過合資方式進行；對於收購較成熟的環球汽車製造商作為選項，亦持開放態度，環球汽車市場競爭激烈，部分美國、歐洲及日本的傳統汽車製造商經營困難，對比亞迪有利的話，會對資產進行評估，但目前未有目標。 另外，李柯以「複雜」來形容美國市場現時環境，中國汽製造商要面對高關稅及技術限制等問題，暫時無意拓展當地市場，反而會專注可以複製巴西成功模式的其他地區。

比亞迪表示，考慮在加拿大興建廠房，並不排除收購海外車廠的可能性。 比亞迪執行副總裁李柯接受《彭博》訪問時表示，集團正積極研究在加拿大興建廠房，強調希望獨自營運，而不是透過合資方式進行；對於收購較成熟的環球汽車製造商作為選項，亦持開放態度，環球汽車市場競爭激烈，部分美國、歐洲及日本的傳統汽車製造商經營困難，對比亞迪有利的話，會對資產進行評估，但目前未有目標。 另外，李柯以「複雜」來形容美國市場現時環境，中國汽製造商要面對高關稅及技術限制等問題，暫時無意拓展當地市場，反而會專注可以複製巴西成功模式的其他地區。

格隆汇3月13日｜10年期日本国债收益率上升5.0个基点，至2.230%。

格隆汇3月13日｜沙特阿拉伯：在东部地区拦截了2架无人机。

Elon Musk said he expects to increase employee headcount and productivity per worker at Tesla. Anadolu/Anadolu via Getty Images Some large companies are attributing recent mass layoffs to advancements in AI. Tesla CEO Elon Musk said he expects to hire more people as robotics boost productivty. The "output" per Tesla worker will get "nutty high," Musk said. As companies conduct AI-induced layoffs, Elon Musk expects to do the exact opposite at Tesla. The CEO said during the Abundance Summit on Wednesday that workforce reductions aren't in the cards for Tesla and that he expects to raise headcount, after entrepreneur Peter Diamandis asked when he expects robots to build robots. "We're not planning any layoffs or reductions in personnel," Musk said. "In fact, we will increase our headcount. But the output per human at Tesla is going to get nutty high." Companies across industries are shedding employees, from administrative workers to engineers, and attributing the layoffs to advancements in AI. Atlassian, an enterprise software company, announced Wednesday that it would cut 10% of its workforce as it invests in AI to reshape its workforce. Block, a financial technology company co-founded by Jack Dorsey, laid off 40% of its workforce, or 4,000 employees, this month, citing AI as the main driver. Advertisement Musk himself has frequently said that advancements in robotics will eliminate the need for humans to have jobs. One of Tesla's main bets is Optimus, a humanoid robot. The CEO has advocated for a universal basic income because he predicts robots will fully take over the production of goods and services. "We'll basically just issue money to people," Musk said at the summit, "because the output of goods and services will so far exceed the money supply that we'll effectively have deflation." Automakers, including Tesla, are investing in humanoids and other robotics to fill in for manufacturing jobs. Agility Robotics' chief business officer, Daniel Diez, previously told ...

文章提及标的 水利 -- 近日，水利（885572）部、市场监管总局联合印发《合同节水管理项目服务合同(示范文本)》，并纳入国家市场监管总局合同示范文本库，供用水单位和节水服务机构参照使用，旨在建立健全合同节水管理体系，规范合同节水管理项目实施，充分发挥有效市场和有为政府的作用，推动合同节水管理健康有序发展。

Hi, this is Allen Wan in Shanghai. As I sit around in my man cave wondering if I should grant OpenClaw access to my personal laptop, I am intrigued by the potential for this open-source AI platform to do all the boring tasks that worker ants like me have to do. I’m equally concerned about the security risks and my own job security. That’s the same conundrum the Chinese government is facing as it considers whether to allow OpenClaw, an AI agent that requires unusually broad access to private data, to thrive as it did with DeepSeek just a year ago, or squash it as it pretty much did with Bitcoin . The stakes are high. China is in a race with the US for AI supremacy , and is pinning its hopes for growth on advanced tech and the ability of its private companies to lead it into the future, whether with humanoid robots, robotaxis or AI agents. It is incredible how OpenClaw, developed by OpenAI’s Peter Steinberger, has garnered such a huge following in China in such a short time — more so than in the US, where the tech giants have largely roped it off from joining their lucrative ecosystems. Read more about the enthusiasm in China here . Since launching in November last year, there have been well-attended gatherings in cities like Beijing, Shanghai and Shenzhen so geeks and office workers could meet to share tips on how to improve the open-source model, whose symbol is a lobster. Some of the nation’s most valuable tech and ecommerce firms, like Tencent and JD.com, have rolled out OpenClaw apps, while local governments have made millions of yuan in subsidies available for companies that develop atop the platform. A big moment occurred this month in Shenzhen, when hundreds of people gathered outside Tencent’s headquarters to watch a free demonstration of OpenClaw and get help from the firm’s engineers installing the software on laptops. Read an opinion piece about the lobster craze here . OpenClaw has suddenly become a massive growth opportunity for an economy that is expect...

1 Consumer Stock with Solid Fundamentals and 2 We Turn Down The Globe and Mail

NYC's Mamdani condemns Tuberville's anti-Muslim posts as "bigotry" toggle caption Andres Kudacki/FR170905 AP New York City Mayor Zohran Mamdani is condemning a series of anti-Muslim social media posts by Republican Sen. Tommy Tuberville of Alabama as "bigotry." On X, Tuberville reposted an image of Mamdani next to a photo of the deadly 9/11 terror attacks in New York City along with the words "the enemy is inside the gates." Mamdani, the city's first Muslim mayor, has been the subject of repeated verbal attacks during the Ramadan season now underway. Speaking at an iftar dinner Thursday evening, a special meal held to break the daily Ramadan fast, Mamdani said many American Muslims face prejudice. Sponsor Message "When I hear such hatred and disdain unchecked in its rancor, I feel a loneliness and isolation that I know many of you have felt as well," Mamdani said. "Who here has been told, you do not belong in New York City? Who here has been told, go back where you came from?" On Thursday, Tuberville also claimed falsely that "Americans are being gunned down in the streets almost daily by Radical Islamists." Experts say attacks in the U.S. by Muslim extremists are rare and are "not resurgent," according to a 2025 study by the Center for Strategic and International Studies. Republican leaders have been largely silent about Tuberville's anti-Muslim posts. A growing number of Democrats, meanwhile, have condemned his statements. New York Sen. Chuck Schumer, the Democratic minority leader, described Tuberville's posts as "mindless hate." toggle caption Andres Kudacki/FR170905 AP "Muslim Americans are cops, doctors, nurses, teachers, bankers, bricklayers, mothers, fathers, neighbors, mayors, and more," Schumer said. "Islamophobic hate like this is fundamentally un-American." Vermont's Independent Sen. Bernie Sanders called Tuberville's attack on Mamdani "nothing less than blatant Islamophobic racism." Earlier this month, prominent far-right New York City radio host Sid Ro...

日元兑美元跌至2024年7月以来最低水平，投资者担忧伊朗将继续封锁霍尔木兹海峡，布伦特原油价格升破每桶100美元。日元兑美元一度下跌0.1%，至159.46。 责任编辑：王永生

As the price of oil rises, investors are returning to energy stocks in a big way. There are many great opportunities among regular oil stocks and natural gas stocks. However, midstream plays like pipeline stocks are a strong choice as well, especially for a long-term investment horizon. Revenue and earnings for pipeline stocks are less volatile than those for exploration and production (E&P) or refining and marketing stocks. At the same time, they are benefiting from long-term growth tailwinds, such as rising demand for natural gas amid the artificial intelligence (AI) data center boom. In addition to steady, growing bottom lines, pipeline stocks, in particular those that are structured as master limited partnerships (MLPs), pay out almost all of their income in the form of distributions. This gives these stocks high yields, making them attractive to income investors. Among the scores of high-yield (5% or higher forward dividend yield) pipeline stocks, the following three stand out as strong choices in today's market: Energy Transfer (ET 1.01%), Hess Midstream (HESM 0.90%), and MPLX (MPLX 0.75%). Energy Transfer is poised to profit from AI data center boom Since its founding 30 years ago, Energy Transfer has grown organically and through acquisitions to become one of America's largest midstream energy companies. The MLP owns or has an interest in over 140,000 square miles of midstream energy infrastructure, including 36.4% ownership of the Dakota Access Pipeline, a 50% interest in the Florida Gas Transmission pipeline, as well as extensive holdings within the Permian Basin and other top U.S. oil and gas exploration regions. Expand NYSE : ET Energy Transfer Today's Change ( -1.01 %) $ -0.19 Current Price $ 18.56 Key Data Points Market Cap $65B Day's Range $ 18.55 - $ 18.96 52wk Range $ 14.60 - $ 19.30 Volume 15M Avg Vol 15M Gross Margin 12.27 % Dividend Yield 7.07 % Currently, annual distributions from Energy Transfer give shares a forward yield of 7.3%. The MLP has ...

Key Points Energy Transfer owns and holds an interest in multiple major midstream energy infrastructure assets, and remains well positioned to sustain further distribution growth. Hess Midstream is utilizing both cash distributions and share repurchases to return capital to shareholders. MPLX offers a high distribution yield, and has a strong track record of high distribution growth. 10 stocks we like better than Energy Transfer › As the price of oil rises, investors are returning to energy stocks in a big way. There are many great opportunities among regular oil stocks and natural gas stocks. However, midstream plays like pipeline stocks are a strong choice as well, especially for a long-term investment horizon. Revenue and earnings for pipeline stocks are less volatile than those for exploration and production (E&P) or refining and marketing stocks. At the same time, they are benefiting from long-term growth tailwinds, such as rising demand for natural gas amid the artificial intelligence (AI) data center boom. 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 » In addition to steady, growing bottom lines, pipeline stocks, in particular those that are structured as master limited partnerships (MLPs), pay out almost all of their income in the form of distributions. This gives these stocks high yields, making them attractive to income investors. Among the scores of high-yield (5% or higher forward dividend yield) pipeline stocks, the following three stand out as strong choices in today's market: Energy Transfer (NYSE: ET), Hess Midstream (NYSE: HESM), and MPLX (NYSE: MPLX). Energy Transfer is poised to profit from AI data center boom Since its founding 30 years ago, Energy Transfer has grown organically and through acquisitions to become one of America's largest midstream energy companies. The MLP own...

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Italian prosecutors are seeking a criminal trial against Amazon's European unit and four executives over alleged tax fraud exceeding €1b. The case relates to alleged large scale tax evasion and follows an earlier settlement payment that did not lead authorities to drop the criminal investigation. A judge will decide whether the case proceeds to trial, which could affect how VAT compliance is handled for non EU sellers using Amazon's platform. For investors watching Amazon.com, ticker NasdaqGS:AMZN, the legal headlines arrive with the stock trading at $209.53. Over the past year the share price has returned 8.1%, and over three years the return is 109.4%, compared with a more modest 38.4% over five years. Recent shorter term moves have been mixed, with a 4.3% decline over the past week and a 1.2% gain over the past month, while the stock is down 7.5% year to date. The potential Italian criminal case adds legal and reputational questions to a business that is central to European e commerce. If the court allows the trial to move forward, investors will likely focus on any changes to tax and VAT rules for non EU sellers using Amazon's marketplace, as these could affect how the platform operates and how costs are shared across its ecosystem. Stay updated on the most important news stories for Amazon.com by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Amazon.com. NasdaqGS:AMZN 1-Year Stock Price Chart Is Amazon.com's balance sheet strong enough for future acquisitions? Dive into our detailed financial health analysis. The potential Italian criminal trial comes at a time when Amazon is heavily using bond markets to fund long dated spending on cloud and AI infrastructure. Italy’s prosecutors are alleging tax fraud of more than €1b tied to h...

The yen fell to its weakest level since July 2024 as a deepening war in the Middle East pushes up oil prices. The Japanese currency inched 0.1% lower to 159.46 against the greenback as Brent oil traded near $100 a barrel following one of the most volatile trading weeks ever. Investors are bracing for more upheaval as Iran pledged to keep the Strait of Hormuz effectively shut. Higher crude oil prices are adding pressure to inflation in Japan, which is heavily dependent on Middle Eastern petroleum. Meanwhile, the dollar has stood out as the asset of choice as investors rush to safety. The slide in the yen brings it closer to levels where authorities previously intervened to support the currency. Still, strategists see a high threshold for intervention as the Iran conflict and resilient US data have pushed the dollar higher on fundamental grounds. Japanese Finance Minister Satsuki Katayama told reporters on Friday that financial authorities are staying in closer contact with their US counterparts than usual, and that she would refrain from commenting on the topic of currency intervention. Officials have indicated they are more concerned about volatility and the pace of currency moves rather than specific levels. Prime Minister Sanae Takaichi ’s resounding lower house election victory last month briefly supported the yen, but the currency has since come under renewed pressure following media reports that she is wary of further interest-rate hikes and her nomination of two dovish Bank of Japan board members. Long-Trusted Haven Trades Are Failing as Gold, Treasuries Fall Dollar Reclaims Ultimate Haven Role as War, Inflation Angst Grow Rising Oil Prices Threaten Takaichi’s Agenda, Says Monex’s Koll Yen Near Year’s Low as Strategists See Higher Intervention Bar

「世研观察」聚焦重点行业前沿动态，以专业视角追踪头部企业与新锐品牌的最新战略、产品创新及营销实践。 致力于为关注产业趋势的读者提供高价值、高时效的洞察参考。观察，不仅为看见，更为预见，助力从业者把握竞争脉搏，洞见商业未来。 品牌大事件 始祖鸟 2026 战略转向定调户外新趋势 2月26日，始祖鸟发布《2026 山系生活报告》，正式将战略重心从专业硬核攀登转向城市山系生活。数据显示，其非功能性时尚支线销售额占比已超 60%，标志这一顶级户外品牌完成关键定位升级，也为行业树立新方向。 高德智感亮相德国IWA户外用品展 2月26日，热成像领军企业高德智感将携搭载ApexVision技术的全新户外系列产品，重磅亮相德国IWA户外用品展(IWA Outdoor Classics)。该全新技术为红外成像画质带来超清革新。除文字介绍外，高德智感还将在展会现场通过实景体验环节，全方位展示其技术特性与产品功能。 专业户外品牌Outopia获B轮融资 2月，中国专业户外品牌“Outopia”宣布完成B轮融资，本轮融资吸引了国内外多家知名资本机构的参与。华映资本作为领投方，携手挑战者创投、Ventech China及顺为资本共同注资，其中顺为资本已是连续三轮对该品牌进行投资。 耐克正式宣布重塑旗下All Conditions Gear品牌 2月2日，耐克正式宣布重塑旗下All Conditions Gear品牌，宣告这一诞生于1989年的户外产品线将以“专业户外性能品牌”的全新身份重回赛场。 品牌上新局 Timberland x OUR LEGACY WORK SHOP联名鞋上市 2月28日，全球户外品牌先锋Timberland 添柏岚，首度携手瑞典时装品牌 OUR LEGACY 旗下创意工坊 OUR LEGACY WORK SHOP，联袂打造的联名款六寸靴正式开启限量发售，让户外功能性与北欧时装设计美学在鞋履创作中实现完美交融。 图源：Timberland微信公众号 伯希和2026新款冰岛蓝配色云壳系列冲锋衣上市 2月26日，中国高性能户外品牌Pelliot伯希和正式推出2026春季新款冰岛蓝配色「云壳」系列全天候超轻硬壳冲锋衣，将专业山地防护科技与城市穿搭美学完美融合，为户外爱好者、城市通勤族以及追求多元生活方式的人群，带来了一场兼具功能性与美感的穿着革新。 HELLY HANSEN...

Cambricon Technologies, a Chinese semiconductor designer seen as a potential alternative to US giant Nvidia, will pay its maiden dividend after posting its first full-year profit since listing in 2020. Cambricon, dubbed “little Nvidia”, planned to distribute a cash dividend of 15 yuan (US$2.2) for every 10 shares held, totalling more than 632 million yuan, according to its filing to the Shanghai Stock Exchange on Thursday. Another 20 million yuan would be allocated for share buy-backs, taking the total outlay to 652 million yuan, representing nearly one-third of its 2025 net profit, the company said. The plan has been approved by the board, but is pending shareholders’ approval. Advertisement After years of operating at a loss, Beijing-based Cambricon swung to a net profit of 2 billion yuan last year, as the company cashed in on the strong demand for chips amid an artificial intelligence boom. Its flagship “Siyuan” series, targeting data centres and cloud-based AI acceleration, has been deployed across multiple server manufacturers. The Siyuan 220 AI chip for edge computing achieved sales of more than 1 million units since its launch in 2019, according to the filing. Advertisement Cambricon has managed to synchronise compatibility with major Chinese AI models. For example, its chips enabled full support from day one for DeepSeek-V3.2 when the new model was released in December. The company also said that its chips had shown “continuous adaptation” with Alibaba Group Holding’s Qwen3-Next and Qwen3-VL AI models, and with Tencent Holdings’ Hunyuan AI model. Alibaba owns the South China Morning Post.

Megacap stocks are behemoths that set the tone for their industries, and their massive scale typically leads to wide moats. However, the downside is that most have already exploited their existing market opportunities and must invest heavily to expand further, a risky proposition. These trade-offs can cause headaches for even the most seasoned professionals, which is why we started StockStory - to help you find high-quality companies that can grow their earnings no matter what. Keeping that in mind, here are two industry titans whose competitive advantages create flywheel effects and one whose existing offerings may be tapped out. One Mega-Cap Stock to Sell: GE Vernova (GEV) Market Cap: $224.3 billion Born from the energy business of industrial giant General Electric in a 2023 spin-off, GE Vernova (NYSE:GEV) designs, manufactures, and services power generation equipment and grid technologies to help customers build more reliable and sustainable electric systems. Why Does GEV Fall Short? Scale is a double-edged sword because it limits the company’s growth potential compared to its smaller competitors, as reflected in its below-average annual revenue increases of 3.6% for the last four years Gross margin of 16.2% reflects its high production costs Persistent operating margin losses suggest the business manages its expenses poorly GE Vernova is trading at $831.75 per share, or 60.2x forward P/E. If you’re considering GEV for your portfolio, see our FREE research report to learn more. Two Mega-Cap Stocks to Watch: Broadcom (AVGO) Market Cap: $1.59 trillion Originally the semiconductor division of Hewlett Packard, Broadcom (NASDAQ:AVGO) is a semiconductor conglomerate spanning wireless communications, networking, and data storage as well as infrastructure software focused on mainframes and cybersecurity. Why Will AVGO Outperform? Annual revenue growth of 32.5% over the past two years was outstanding, reflecting market share gains this cycle Offerings are difficult to rep...

Sven Piper S&P Dow Jones Indices is said to be considering changes to rules governing how companies join the S&P 500 Index ( SPX ), a move that would potentially fast-track SpaceX’s ( SPACE ) entry after its IPO. The rule change could mean that billionaire Elon Musk’s space transportation and satellite company would see a wave of billions of dollars in forced buying. Funds that track the index must buy newly added stocks, and roughly $24 trillion is tied to the S&P 500, according to Bloomberg Intelligence. The index provider is engaging with stakeholders to determine whether there’s demand for changing rules, and no decision has been made and S&P would still have to launch a formal consultation that would last several weeks before any change can be made, Bloomberg reported. The potential move comes as large private companies including OpenAI ( OPENAI ) and Anthropic PBC ( ANTHRO ) are also considering IPOs as soon as this year. If all of the 10 largest venture-backed U.S. companies were to list and join the S&P 500, they would make up about 4.5% of the index — more than the weight of the energy sector, the index provider said in a blog post earlier this month. The report added that SpaceX ( SPACE ) could seek a valuation in the IPO of more than $1.75 trillion in a step that would raise as much as $50 billion. The company is making early inclusion on the Nasdaq 100 a necessary condition of its potentially choosing to list on Nasdaq’s exchange, Reuters has reported. More on Tesla, S&P 500 Futures, etc. Hormuz Crisis Is Forcing Europe And Japan Into Hawkish Mode: Is The U.S. Next? U.S. Manufacturing Wakes Up Don't Bet Only On U.S. Stocks For The Next Decade Musk expects Digital Optimus ready for use in six months Tesla's energy business wins approval to supply power across Britain

格隆汇3月13日｜力拓投资者表示，嘉能可首席执行官加里·纳格尔希望在煤炭价格上涨之际重启与力拓集团的谈判。

格隆汇3月13日｜MSCI亚太指数跌1%，报239.36点。

美國財長貝森特表示，將於周日和周一，在法國巴黎與國務院副總理何立峰會面。美方稱將尋求兩國關係公平穩定。 美國財長貝森特周四宣布，將於周日、周一在法國巴黎，與中共中央政治局委員、國務院副總理何立峰展開新一輪貿易談判。貝森特在聲明中表示，受惠於總統特朗普和國家主席習近平的相互尊重關係，美國和中國正推進貿易和經濟對話。據報美方官員表示，希望中國承諾購買更多美國農產品及能源產品，包括大豆及波音飛機。 貿易代表格里爾亦會參與這次會面。格里爾近期指出，需要與中國談判，建立更平衡的貿易關係，以進一步減少美國的貿易逆差。 特朗普政府周三針對中國及歐盟等多個貿易夥伴，啟動新一輪貿易調查，有輿論指是為實施新關稅措施鋪路。 中國駐美大使館發言人回應稱，雙方應努力建立互信，並堅持相互尊重的原則，不過並未提供會談的具體目標。 中美經貿代表本次會晤，被外界視作為特朗普訪問中國並會晤習近平鋪路。白宮早前表示，特朗普計劃在本月31日至4月2日訪問中國。《紐約時報》早前報道，北京可能考慮延遲或取消中美元首會晤，以表達對美軍襲擊伊朗的不滿。外界分析指，尚未清楚中美能否在會談中取得切實成果。

美國財長貝森特表示，將於周日和周一，在法國巴黎與國務院副總理何立峰會面。美方稱將尋求兩國關係公平穩定。 美國財長貝森特周四宣布，將於周日、周一在法國巴黎，與中共中央政治局委員、國務院副總理何立峰展開新一輪貿易談判。貝森特在聲明中表示，受惠於總統特朗普和國家主席習近平的相互尊重關係，美國和中國正推進貿易和經濟對話。據報美方官員表示，希望中國承諾購買更多美國農產品及能源產品，包括大豆及波音飛機。 貿易代表格里爾亦會參與這次會面。格里爾近期指出，需要與中國談判，建立更平衡的貿易關係，以進一步減少美國的貿易逆差。 特朗普政府周三針對中國及歐盟等多個貿易夥伴，啟動新一輪貿易調查，有輿論指是為實施新關稅措施鋪路。 中國駐美大使館發言人回應稱，雙方應努力建立互信，並堅持相互尊重的原則，不過並未提供會談的具體目標。 中美經貿代表本次會晤，被外界視作為特朗普訪問中國並會晤習近平鋪路。白宮早前表示，特朗普計劃在本月31日至4月2日訪問中國。《紐約時報》早前報道，北京可能考慮延遲或取消中美元首會晤，以表達對美軍襲擊伊朗的不滿。外界分析指，尚未清楚中美能否在會談中取得切實成果。

格隆汇3月13日｜美国总统特朗普表示，我们正在全面摧毁伊朗的恐怖主义政权，无论是军事上、经济上还是其他方面，但如果你阅读《纽约时报》，你会错误地认为我们没有赢。伊朗的海军已经消失，他们的空军不复存在，导弹、无人机和其他一切都在被摧毁，他们的领导人也已从地球上抹去。

Earnings Call Insights: El Pollo Loco Holdings, Inc. (LOCO) Q4 2025 Management View CEO Elizabeth Williams highlighted "strong fourth quarter results that cap off a transformative second year" and noted "positive quarter of same-store sales growth, including stable traffic despite the ongoing macroeconomic challenges." Williams stated, "This top line momentum, combined with our team's relentless focus on operational excellence also enabled us to achieve better-than-expected restaurant level margins." Williams detailed the success of new menu items: "Our Double Chicken Street Corn and Queso Crunch Burrito Bowls that we launched in late September...exceeding our expectations in both guest response and sales contribution." Both bowls are now permanent menu items. Additionally, she described a robust innovation pipeline with upcoming launches including Loco Tenders and new beverage concepts. The company reported expanding its footprint to 9 states with 9 new restaurant openings in 2025, 6 of which were outside California and 7 utilizing second-generation sites to lower build costs. Williams shared, "The restaurants we've opened since 2024 are averaging over $2 million annually." Williams announced the addition of a Chief Technology Officer and a new VP of Franchise Recruiting to accelerate franchise development and technology deployment. CFO Ira Fils reported, "For the fourth quarter ended December 31, 2025, total revenue was $123.5 million compared to $114.3 million in the fourth quarter of 2024." Fils also noted, "Adjusted EBITDA for the fourth quarter of 2025 was $16.9 million compared to $14.3 million in the fourth quarter of 2024." Outlook Williams stated the company is "targeting approximately 18 to 20 new restaurant openings with 3 to 4 being company-owned locations" in 2026, with the majority outside California. Fils provided 2026 guidance: "System-wide comparable store sales growth of 2% to 3%, the opening of 3 to 4 company-operated restaurants and 15 to 16 fra...