Rafe Swan/Cultura via Getty Images Equitable ( EQH ) and Corebridge ( CRBG ) are in talks to merge in an all-stock deal that would create a $22 billion retirement, wealth management, and asset management giant, the Financial Times reported, citing people familiar with the matter. The joint business would be called Equitable and control $1.5 trillion in assets, with more than 12 million customers, ...
Rafe Swan/Cultura via Getty Images Equitable ( EQH ) and Corebridge ( CRBG ) are in talks to merge in an all-stock deal that would create a $22 billion retirement, wealth management, and asset management giant, the Financial Times reported, citing people familiar with the matter. The joint business would be called Equitable and control $1.5 trillion in assets, with more than 12 million customers, the report said. Corebridge ( CRBG ) boss Marc Costantini is expected to be CEO of the combined business, while Equitable’s ( EQH ) Mark Pearson will be executive chair. Corebridge is expected to keep an asset management agreement with Blackstone ( BX ) but will also gain access to similar services through Equitable’s majority stake in AllianceBernstein, the report said. More on Corebridge Financial, Equitable Holdings Equitable: Private Credit Fears Are Overdone Corebridge: Aggressive Buybacks Set To Continue Corebridge Financial, Inc. (CRBG) Q4 2025 Earnings Call Transcript Corebridge signals $2.55B individual retirement base spread income outlook for 2026 while accelerating digital investments Equitable targets $1.8B cash generation for 2026 while advancing capital-light strategy
tolgart/iStock via Getty Images MercadoLibre ( MELI ) is often described as the "Amazon of Latin America, " and that isn't completely wrong. MELI holds a dominant and expanding market share in e-commerce, even outcompeting Amazon and cheap Chinese competitors. The other portion of MELI is Mercado Pago, which is quickly disrupting traditional banks. Their Q4 earnings proved they are receiving great...
tolgart/iStock via Getty Images MercadoLibre ( MELI ) is often described as the "Amazon of Latin America, " and that isn't completely wrong. MELI holds a dominant and expanding market share in e-commerce, even outcompeting Amazon and cheap Chinese competitors. The other portion of MELI is Mercado Pago, which is quickly disrupting traditional banks. Their Q4 earnings proved they are receiving great ROI, accelerating revenue growth to 45% and driven by all segments. The stock tumbled because of the EPS miss headline, driven by margin compression from growth investments, bringing MELI down roughly 35% from its all-time highs. However, this is a deliberate strategy, echoing Amazon's iconic early philosophy of prioritizing scale and market share over short-term profitability. For example, MELI recently lowered free shipping barriers to customers, which caused the multi-year record growth: Q4 slides I rank MELI as a strong buy for long-term investors, as it's an incredibly fast-growing company trading at an unwarranted discount. Business Overview and Moat The economics of logistics comes from scale. MercadoLibre has the first-mover advantage, and management is pressing the gas pedal. Recently MELI announced it is investing $3.4b in Argentina for 2026, preparing for immense growth while sacrificing short-term margins. Mercado Envios is its proprietary logistics network. A decade ago, e-commerce in Latin America consisted of notoriously slow and unreliable national postal services (such as Correios in Brazil). Instead of relying on third-party shippers like Amazon often does in emerging markets, MELI spent billions aggressively building an in-house fulfillment network from scratch. This includes dedicated distribution centers, truck fleets, and even cargo planes. Today, Mercado Envios handles almost all items sold on the platform, in very competitive delivery times. This capital-intensive infrastructure is very difficult for new entrants or foreign competitors like Shopee t...