bfk92/iStock Unreleased via Getty Images ZIM Integrated Shipping ( ZIM ) said Monday that German shipping company Hapag-Lloyd ( HPGLY ) ( HLAGF ) agreed to acquire it for $35/share in cash, representing a 58% premium to ZIM's stock price on February 13 and an equity value of ~$4.2B. The deal will require the consent of the state of Israel, ZIM ( ZIM ) shareholders and regulators; the company is co...
bfk92/iStock Unreleased via Getty Images ZIM Integrated Shipping ( ZIM ) said Monday that German shipping company Hapag-Lloyd ( HPGLY ) ( HLAGF ) agreed to acquire it for $35/share in cash, representing a 58% premium to ZIM's stock price on February 13 and an equity value of ~$4.2B. The deal will require the consent of the state of Israel, ZIM ( ZIM ) shareholders and regulators; the company is considered a strategic asset for Israel, so the state holds a "golden share" in the company, giving it control over certain strategic decisions such as ownership. As a result, Hapag-Lloyd ( HPGLY ) ( HLAGF ) has included Israeli private equity group FIMI Opportunity Funds in the deal to smooth any potential hurdles. The sale comes after ZIM ( ZIM ) appointed an independent board that has spent several months conducting a strategic review of options, including a sale of the company. More on Hapag-Lloyd and ZIM Integrated Shipping Hapag-Lloyd: Careful With Gemini Estimates ZIM Integrated Shipping: Why The Buyout Matters Most - Initiating Strong Buy ZIM Integrated Shipping: Takeover Uncertainties Met With Muted Volatility - Buy Call Options
Hapag-Lloyd AG has signed a deal to buy Israeli competitor Zim Integrated Shipping Services Ltd , the German shipper said. The agreement for a cash deal at $35 a share, which is subject to regulatory approvals in Israel, values Zim at $4.2 billion, the Hamburg-based company said Monday. Hapag-Lloyd over the weekend had said it was nearing an agreement. As part of the deal, Hapag-Lloyd has a separa...
Hapag-Lloyd AG has signed a deal to buy Israeli competitor Zim Integrated Shipping Services Ltd , the German shipper said. The agreement for a cash deal at $35 a share, which is subject to regulatory approvals in Israel, values Zim at $4.2 billion, the Hamburg-based company said Monday. Hapag-Lloyd over the weekend had said it was nearing an agreement. As part of the deal, Hapag-Lloyd has a separate pact with Israeli financial investor FIMI Opportunity Funds, which will see the creation of an entity owning 16 of Zim’s ships, serving key trading routes into Israel. The price per share represents a 58% premium to the level of Zim’s stock at Friday’s close, according to a statement. Acquiring the Israeli company will cement Hapag-Lloyd’s position as the fifth-largest container shipper globally, it said. Read More: Hapag-Lloyd in Talks to Buy Israel’s Zim Integrated Shipping Haifa-based Zim operates 145 ships including 130 container vessels and 15 vehicle transport vessels, according to official reports. The company says it operates a “charter-intensive fleet model” or “asset-light” approach, meaning many of their vessels are leased rather than owned. The Israeli government regards Zim as a strategic asset and holds a golden share in the company, granting it control over strategic matters, including ownership. This makes FIMI’s involvement critical to any deal, as relevant government ministries seeking to maintain open shipping lines to Israel in times of emergency — such as during war — will want to avoid full foreign ownership of Zim. While Hapag-Lloyd counts Kuehne Holding AG and CSAV Germany Container as its major shareholders, Qatar Holding LLC , controlled by the Qatari royal family, and Public Investment Fund , controlled by Saudi Arabia’s crown prince, hold significant stakes. Israel has accused Qatar of supporting Gaza-based Hamas, designated a terror group by the US and many other countries. FIMI is separately bound to an Essential Interests Order by the Israe...
LGBTQ+ Identity Dips In 2025 (But Doubled Over Last Decade) Authored by Jeffrey Jones via Gallup, Gallup estimates that 9% of U.S. adults personally identify as lesbian, gay, bisexual, transgender or something other than heterosexual. This percentage is essentially unchanged from last year but remains more than double the 3.5% from 2012, the first year Gallup measured LGBTQ+ incidence. The current...
LGBTQ+ Identity Dips In 2025 (But Doubled Over Last Decade) Authored by Jeffrey Jones via Gallup, Gallup estimates that 9% of U.S. adults personally identify as lesbian, gay, bisexual, transgender or something other than heterosexual. This percentage is essentially unchanged from last year but remains more than double the 3.5% from 2012, the first year Gallup measured LGBTQ+ incidence. The current figure is also higher than readings of roughly 7% between 2021 and 2023. The latest results are based on combined data from 2025 Gallup telephone interviews with over 13,000 U.S. adults. In each poll it conducts, Gallup asks respondents whether they personally identify as heterosexual, lesbian, gay, bisexual, transgender or something else. The vast majority, 86%, say they are heterosexual, while 9% identify with one of the various LGBTQ+ identities and 5% do not give a response. The largest share of LGBTQ+ adults say they are bisexual, representing more than half of the subgroup and about 5% of the entire U.S. adult population. Meanwhile, 17% of LGBTQ+ adults identify as gay, 16% as lesbian and 12% as transgender, each representing between 1% and 2% of all U.S. adults. Another 6% of LGBTQ+ adults provide another identity, such as queer or pansexual, beyond those included in the survey. Bisexual identity has consistently been the most common LGBTQ+ identity and has grown sharply since Gallup began measuring lesbian, gay, bisexual and transgender identities as separate categories in 2020. That year, 3.1% of U.S. adults said they were bisexual, compared with the current 5.3%. Other LGBTQ+ identities have also increased over the past six years. LGBTQ+ Identity Higher Among Younger Adults As Gallup has previously demonstrated, the recent increase in LGBTQ+ identification in the U.S. is primarily driven by higher rates among those in the younger generations . In the latest data, 23% of adults under age 30 identify as LGBTQ+, compared with 10% of those aged 30 to 49 and 3% or les...
Getty Images Netflix ( NFLX ) has over 325 million subscribers around the globe, with 98%+ retention . This is an entrenched entertainment company with immense operating leverage and long-term growth. Acquiring Warner Bros. ( WBD ) allows for higher engagement driven by great IP and industry-best production, large opportunities with HBO, and financial synergies across the company. Management estim...
Getty Images Netflix ( NFLX ) has over 325 million subscribers around the globe, with 98%+ retention . This is an entrenched entertainment company with immense operating leverage and long-term growth. Acquiring Warner Bros. ( WBD ) allows for higher engagement driven by great IP and industry-best production, large opportunities with HBO, and financial synergies across the company. Management estimates Netflix's serviceable market is 750 million subscribers. The runway is long not only for customer acquisition but also for engagement and other offerings. Netflix launched an advertising business a few years ago; for 2026, they guided for its revenue to double to $3 billion. While SaaS companies are in a major bear market in fear of AI, Netflix content or distribution can't be vibe-coded. A high-retention subscription and advertising business on sale is hard to come by, due to their predictable and fast growth. Netflix's business model leaves plenty of operating leverage because of slower content spend and overhead costs growth compared to topline. For years the bear case for Netflix was that it is in a constant hamster flywheel of content spending, that it could never scale profitability. Netflix has successfully blown that narrative out of the water. Over the past decade, revenue has grown at a 21% CAGR vs. content spend CAGR of 11.5% (biggest expense): Qualtrim Moat Netflix has won the "streaming wars." Disney or HBO didn't kill them. In fact, no competitor comes close to Netflix's scale. Why? They don't mind disrupting themselves. Netflix started off as a DVD-by-mail rental company before evolving to streaming. Over the past few years, they have created huge cultural shows, a low-cost ad plan for consumers (which generates similar revenue as premium tiers), very successful live events, video games, and recently exclusive video podcasts. Take live sports, for example: Netflix didn't invest in cable like Disney. Instead, they only host high-volume events like footbal...
primeimages/E+ via Getty Images Portfolio Management Julian McManus Christopher O'Malley, CFA Investment environment Non-U.S. stocks rose on signs of stable economic growth, positive corporate earnings reports, and hopes for central bank rate cuts outside of Japan. The quarter saw some recalibration in the exuberance around artificial intelligence (AI) that characterized the market for much of 202...
primeimages/E+ via Getty Images Portfolio Management Julian McManus Christopher O'Malley, CFA Investment environment Non-U.S. stocks rose on signs of stable economic growth, positive corporate earnings reports, and hopes for central bank rate cuts outside of Japan. The quarter saw some recalibration in the exuberance around artificial intelligence (AI) that characterized the market for much of 2025. As a result, we saw a broadening of the market and renewed focus on fundamentals, which benefited our fundamentals-driven investment approach. Portfolio review Relative performance benefited from our investments in European banks, such as Spain’s Banco Bilbao Vizcaya Argentaria ( BBVA ), that have delivered robust earnings performance and high asset quality. We believe valuations for European banks remain undervalued relative to the sector’s improved fundamentals and profitability. We also see the possibility that European authorities may relax banking regulations and capital requirements, creating a more favorable environment for lending and mergers and acquisitions. AstraZeneca ( AZN ) was another notable contributor. The global pharmaceutical company reported strong top- and bottom-line results and increased guidance, backed by rising sales of its oncology drugs. The company has continued to build on a strong development pipeline that we believe is undervalued by the market. It reported positive trial readouts for its breast cancer and hypertension drugs, and it has indicated the potential for up to 20 new product launches before 2030. Additionally, AstraZeneca was one of the first pharmaceutical companies to reach an agreement with the Trump administration on drug pricing, which removed a potential headwind for its share price performance. Several defense industry holdings were relative detractors for the quarter. These included U.K-based military contractor BAE Systems ( BAESY ) and German automotive and defense products manufacturer Rheinmetall ( RNMBF ). Both stoc...
On February 13, 2026, Gator Capital Management, LLC disclosed a new position in TFS Financial Corporation (NASDAQ:TFSL) , acquiring 470,125 shares—an estimated $6.29 million trade based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated February 13, 2026, Gator Capital Management, LLC initiated a new position in TFS Financial Corporation during the f...
On February 13, 2026, Gator Capital Management, LLC disclosed a new position in TFS Financial Corporation (NASDAQ:TFSL) , acquiring 470,125 shares—an estimated $6.29 million trade based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated February 13, 2026, Gator Capital Management, LLC initiated a new position in TFS Financial Corporation during the fourth quarter. The fund acquired 470,125 shares, with the estimated transaction value at $6.29 million based on the average share price for the quarter. The quarter-end value of the position matched the transaction value, indicating price stability over the period. This was a new position for the fund, representing 1.28% of its reportable 13F assets under management after the trade. Continue reading
Michigan is taking on major oil and gas companies in court, joining nearly a dozen other states that have brought climate-related lawsuits against ExxonMobil and its industry peers. But Michigan’s approach is different: accusing Big Oil not of deceiving consumers or misrepresenting climate change risks, but of driving up energy costs by colluding to suppress competition from cleaner and cheaper te...
Michigan is taking on major oil and gas companies in court, joining nearly a dozen other states that have brought climate-related lawsuits against ExxonMobil and its industry peers. But Michigan’s approach is different: accusing Big Oil not of deceiving consumers or misrepresenting climate change risks, but of driving up energy costs by colluding to suppress competition from cleaner and cheaper technologies like solar power and electric vehicles. The strategy is risky and might run into challenges, but it could potentially be a game changer if the state can overcome initial dismissal attempts by the industry defendants, legal experts say. Michigan Attorney General Dana Nessel filed the lawsuit last month in federal District Court against BP, Chevron, ExxonMobil, Shell and the American Petroleum Institute. The suit , brought under federal and state antitrust laws, alleges a conspiracy to delay the transition to renewable energy and EVs and maintain market dominance of fossil fuels. Read full article Comments
IR_Stone/iStock via Getty Images Bitfarms Ltd. ( BITF ) stands as one of the prominent players in the Bitcoin mining industry, a sector defined by high-stakes energy consumption, technological innovation, and direct correlation to cryptocurrency prices. As of the close of trading on February 13, 2026, BITF shares traded at $2.14, for a market cap of approximately $1.29 billion. The valuation refle...
IR_Stone/iStock via Getty Images Bitfarms Ltd. ( BITF ) stands as one of the prominent players in the Bitcoin mining industry, a sector defined by high-stakes energy consumption, technological innovation, and direct correlation to cryptocurrency prices. As of the close of trading on February 13, 2026, BITF shares traded at $2.14, for a market cap of approximately $1.29 billion. The valuation reflected a Bitcoin price of a little under $69,000. Mining stocks like BITF remain under pressure from post-halving economics, rising energy costs, and competitive battles over hash rate. Seeking Alpha The Toronto-based company was founded in 2017 and has since transitioned from a Quebec-based hydro-powered miner to a global operator with facilities stretching across North and South America. The company’s focus has been on low-cost, renewable energy sources — primarily hydroelectric power, which has positioned it as a sustainability leader in the industry. Even so, BITF’s journey has not been without ups and downs: from pandemic-era highs above $80 in 2021 (pre-split) to sub-$1 lows in 2022’s crypto winter. Investors considering taking a position in BITF today must weigh its expansion ambitions against macroeconomic headwinds like interest rates and regulatory scrutiny. The Clarity Act will help with the latter, while interest rates are expected to come down in 2026, which has recently given a boost to the price of Bitcoin. In this article, we'll take a look at Bitfarms’ history, operations, financial health, stock performance, and future prospects. Company history and evolution Bitfarms went public in 2017 on the TSX Venture Exchange under the ticker symbol of BITF. It was originally backed by a number of investors, including Digital Asset Capital Management. Initially, it used inexpensive hydropower in Quebec, Canada, to run its ASIC miners. By 2019, it was listed on both the Toronto Stock Exchange and NASDAQ, providing the firm with the needed capital to rapidly expand opera...
When it comes to 2026, we have seen the rotation out of technology, but that excites me more than it concerns me, as I get an opportunity to buy high quality names at great valuaitons.
When it comes to 2026, we have seen the rotation out of technology, but that excites me more than it concerns me, as I get an opportunity to buy high quality names at great valuaitons.
Ford (NYSE: F) did a great job of rewarding its investors in 2025. Shares produced a total return of 42% last year. And so far in 2026, they're off to a positive start (as of Feb. 12). This momentum can pique the interest of investors. Where will the Detroit automotive stock be in five years? Image source: Getty Images. Continue reading
Ford (NYSE: F) did a great job of rewarding its investors in 2025. Shares produced a total return of 42% last year. And so far in 2026, they're off to a positive start (as of Feb. 12). This momentum can pique the interest of investors. Where will the Detroit automotive stock be in five years? Image source: Getty Images. Continue reading
One million people in Somalia are under threat of severe hunger amid a lack of funding to tackle disasters, according to a leading domestic charity. Scarce rain and warmer temperatures since September have caused drought conditions across the Horn of Africa, with the hottest regions of Somalia, Ethiopia and Kenya exceeding 2 degrees celsius (3.6 degrees fahrenheit) above the average, according to ...
One million people in Somalia are under threat of severe hunger amid a lack of funding to tackle disasters, according to a leading domestic charity. Scarce rain and warmer temperatures since September have caused drought conditions across the Horn of Africa, with the hottest regions of Somalia, Ethiopia and Kenya exceeding 2 degrees celsius (3.6 degrees fahrenheit) above the average, according to the Joint Research Center of the European Commission. Somalia’s government declared a state of emergency in November, saying 4.4 million people were affected, while neighboring Kenya estimates 3.6 million of its people will require food aid by June. The latest crisis comes just as the region bounced back from its worst drought in seven decades. Since then, rich nations including the US have slashed humanitarian assistance, forcing United Nations agencies and other aid organizations to scale back food aid rations and emergency funding across Africa. The United Nation’s agency for children Unicef has appealed for $121 million for Somalia, saying nearly two million children under five face acute malnutrition. The UK announced £6 million in new humanitarian funding for Somalia last week. “Humanitarian funding is at its lowest level in a decade,” the Hormuud Salaam Foundation, a non-profit funded by Hormuud Telecom and Salaam Somali Bank, said in a statement on Monday, warning that nearly one million people were on the verge of famine. Four consecutive failed rain seasons have exhausted food reserves for nine out of 10 Somali homes, according to a survey released by the charity Save the Children in January. In Kenya, authorities intend to import as much a million bags of corn as declining stocks push up prices of the nation’s staple, according to Agriculture Minister Mutahi Kagwe. The government plans to spend $32 million on feeding programs. Sign up here for the twice-weekly Next Africa newsletter, and subscribe to the Next Africa podcast on Apple , Spotify or anywhere you list...
Prime minister says action will be taken on young people’s social media access in ‘months, not years’ UK politics live – latest updates Keir Starmer has pledged action on young people’s access to social media in “months, not years”, while saying this did not necessarily mean a complete ban on access for under-16s. Speaking at an event in London after the government promised to extend the crackdown...
Prime minister says action will be taken on young people’s social media access in ‘months, not years’ UK politics live – latest updates Keir Starmer has pledged action on young people’s access to social media in “months, not years”, while saying this did not necessarily mean a complete ban on access for under-16s. Speaking at an event in London after the government promised to extend the crackdown to AI chatbots that place children at risk, Starmer said the issue was nuanced and that a ban was not definite, noting concerns from charities such as the NSPCC. Continue reading...
Top tech executives will gather in New Delhi, India, for an AI Impact Summit that starts Monday. The event follows previous government-led summits in the U.K., South Korea and France focused on artificial intelligence. The week-long event, from Feb. 16-20, is aimed at moving “beyond aspirational frameworks towards concrete, measurable impact[s] that address both AI’s promise and its perils”, the s...
Top tech executives will gather in New Delhi, India, for an AI Impact Summit that starts Monday. The event follows previous government-led summits in the U.K., South Korea and France focused on artificial intelligence. The week-long event, from Feb. 16-20, is aimed at moving “beyond aspirational frameworks towards concrete, measurable impact[s] that address both AI’s promise and its perils”, the summit’s website said.