Government Funding and Economic Impact - The U.S. government shutdown has ended after President Trump signed a short-term funding bill, allowing government operations to continue through January [1][4] - The shutdown lasted for 43 days, and its conclusion led to a rally in the Dow Jones Industrial Average, which closed above 48,000 for the first time [4] Disney's Financial Performance - Disney reported fiscal fourth-quarter earnings that exceeded analysts' expectations, despite missing revenue estimates, resulting in a more than 4% drop in shares during premarket trading [2][3] - The growth of Disney+ was noted, but challenges in the linear TV business and theatrical film slate impacted overall performance [3] Alternative Funding Programs in Healthcare - The rise of alternative funding programs (AFPs) is providing patients with more affordable access to specialty medications, often through overseas suppliers [6][8] - Federal authorities have raised concerns regarding the legality and health risks associated with AFPs, citing unverified suppliers and potentially illicit online pharmacies [7] AI Infrastructure Investment - Anthropic announced plans to invest $50 billion in building AI infrastructure, starting with custom data centers in Texas and New York, which is expected to create 800 permanent jobs and over 2,000 construction positions [10] - There is growing political backlash against the AI industry's data centers due to rising electricity prices, with calls for the industry to contribute more to these costs [11]

A worker inspects the outdoor gas pipes at the underground gas storage facility operated by Gas Storage CZ AS, in Haje, Czech Republic, on Friday, Jan. 3, 2025.The International Energy Agency's latest outlook signals that oil demand could keep growing through to the middle of the century, reflecting a sharp tonal shift from the world's energy watchdog and raising further questions about the future of fossil fuels.In its flagship World Energy Outlook, the Paris-based agency on Wednesday laid out a scenario i ...

With ski season approaching, Uber wants to take you to the slopes.The ride-hailing company on Thursday announced Uber Ski, which will allow users to book a ride to and from nearly 40 mountains in the U.S., Canada, Switzerland, and France, according to a release. The services is available through March.Uber is partnering with Vail Resorts to let riders book an Uber Reserve directly to the mountain resort company's various destinations. Users can buy an Epic Pass, which grants access to over 90 ski and snowbo ...

Core Insights - Joby Aviation successfully completed the first test flight of its hybrid defense aircraft in collaboration with L3Harris, demonstrating its capability to quickly transition from concept to demonstration to meet military needs [1][2][3] Group 1: Collaboration and Investment - Joby and L3Harris announced their collaboration on a military craft with autonomous or piloted capabilities in August [2] - The U.S. government is heavily investing in autonomous and defense technology, with plans for a $175 billion missile defense system under the Trump Administration [2] Group 2: Market Dynamics and Technology - The defense landscape is evolving, as seen in conflicts like the Russia-Ukraine war, where commercial technologies are being rapidly deployed [3] - Joby is known for its electric vertical takeoff and landing aircraft (eVTOLs) and is working towards FAA certification for commercial flights, with its stock price doubling this year [3] Group 3: International Expansion - Joby is focusing on Saudi Arabia as a testing ground for its technology and has signed an agreement to introduce air taxis in the region, also collaborating with the UAE [4] Group 4: Competitive Landscape - Archer Aviation, named the official air taxi provider for the 2028 Los Angeles Olympics, has seen an 86% stock surge, while Amazon-backed Beta Technologies recently debuted on the NYSE [5] - Joby believes there is significant potential for a hybrid version of its aircraft in the commercial sector, aiming to compete with single-aisle regional transport [6] Group 5: Future Plans - Joby plans to allow government agencies to start testing the hybrid aircraft next year [6]

Group 1: Company Plans - Prada plans to become a dual-listed company but will not commit to a timeline until it is six months away [1] - Speculation about a dual listing has existed since 2022, with previous comments indicating it was an option but not a priority [1] - CFO Andrea Bonini believes that a dual listing will be the right move at some point [1] Group 2: Industry Performance - Luxury stocks have experienced a slowdown following a boom during the Covid-19 pandemic and a plateau in Chinese market traction [2] - The luxury sector is seen as stabilizing, suggesting a potential resurgence in consumption [2] - The U.S. market is performing well, but caution is advised due to potential bubbles that could affect future performance [3]

Core Points - Starbucks Workers United initiated an open-ended strike on Red Cup Day, impacting over 1,000 baristas in more than 65 stores across at least 40 cities [1] - The strike follows a failure to reach a collective bargaining agreement, with the union demanding better hours, higher wages, and resolution of unfair labor practice charges against Starbucks [3][4] - The strike poses a risk to Starbucks' business during the crucial holiday season, which is vital for the company's performance turnaround under new CEO Brian Niccol [2] Company and Union Dynamics - Starbucks and the union have not engaged in active negotiations since talks broke down late last year, despite entering mediation in February [4] - Workers United claims to represent over 12,000 workers across more than 550 stores, while Starbucks states the union represents only 9,500 workers at 550 cafes [4] - The union is prepared to escalate the strike, threatening to make it the largest and longest in the company's history if demands are not met [5] Company Response - Starbucks maintains that it offers competitive pay and benefits, averaging over $30 per hour for hourly partners, and has expressed willingness to negotiate [7] - The company has stated it is prepared to serve customers across its nearly 18,000 stores during the holiday season despite the strike [6] - Starbucks' Chief Partner Officer emphasized the company's commitment to bargaining and expressed hope for a swift resolution if the union returns to the negotiating table [8]

Core Insights - Singapore Airlines reported an 82% decline in second-quarter earnings, primarily due to losses from its stake in Air India and reduced interest income [1] - The net profit for the first half of the fiscal year fell to 239 million Singapore dollars, a decrease of 67.8% compared to the previous year [1] Financial Performance - Revenue for the quarter was 4.89 billion Singapore dollars, slightly below the expected 4.94 billion Singapore dollars [5] - Net profit was reported at 52 million Singapore dollars, significantly lower than the expected 181.47 million Singapore dollars [5] Stake in Air India - Singapore Airlines holds a 25.1% stake in Air India following its merger with Vistara, which is co-owned with Tata Sons [2] - Air India is seeking at least 100 billion rupees (approximately 1.1 billion dollars) in financial aid from Singapore Airlines and Tata Sons after a tragic crash in June [2] Strategic Partnerships - Singapore Airlines has been expanding its commercial partnerships, launching new codeshare services with Vietnam Airlines to enhance connectivity in Southeast Asia [3] - The airline deepened its joint venture with the Lufthansa Group by adding Brussels Airlines, improving routes between Europe and the Asia-Pacific region [4]

Core Insights - Tencent reported a 15% year-on-year revenue growth, driven by advancements in AI impacting advertising and gaming sectors [1] - The company's revenue for Q3 2025 reached 192.9 billion Chinese yuan ($27.12 billion), exceeding analyst expectations of 189.2 billion yuan [4] - Operating profit was reported at 63.6 billion yuan, surpassing the anticipated 58.01 billion yuan [4] Financial Performance - Revenue: 192.9 billion Chinese yuan ($27.12 billion), above the expected 189.2 billion yuan [4] - Operating Profit: 63.6 billion yuan, compared to the expected 58.01 billion yuan [4] Strategic Initiatives - Tencent increased its capital expenditure to enhance AI capabilities and expand its cloud computing services in Europe, aiming to compete with Amazon Web Services, Google Cloud, and Microsoft Azure [1] - The company has developed its own AI foundational model named Hunyuan, while also utilizing DeepSeek in various products [1] Stock Performance - Tencent shares have increased by 56.7% year-to-date [2]

Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 12, 2025 in New York City.The divergence between the performance of the Dow Jones Industrial Average and Nasdaq Composite on Wednesday stateside reinforces the suggestion that there are two markets operating in the U.S.: one of an artificial intelligence and another of "everything else."Not only did the Dow rise, it also secured its second consecutive record high and closed above the 48,000 level for the first time.The index, which comp ...

Core Insights - The performance divergence between the Dow Jones Industrial Average and Nasdaq Composite indicates the existence of two distinct markets in the U.S.: one driven by artificial intelligence and another encompassing traditional sectors [1][4]. Group 1: Dow Jones Industrial Average - The Dow Jones Industrial Average reached a record high, closing above 48,000 for the first time, marking its second consecutive record [1]. - The index, consisting of 30 blue-chip companies, is primarily composed of established firms in sectors like banking, healthcare, and industrials, reflecting the "old economy" [2]. - Key contributors to the Dow's rise included stocks from Goldman Sachs, Eli Lilly, and Caterpillar [2]. Group 2: Nasdaq Composite - The Nasdaq Composite, which is heavily weighted towards technology firms, experienced a decline due to falling shares of companies like Oracle and Palantir, despite a 9% increase in Advanced Micro Devices' stock [4]. - The Nasdaq's market capitalization weighting means that larger tech companies have a more significant impact on its performance compared to the price-weighted Dow [3]. Group 3: Market Sentiment - There is no immediate concern regarding overexuberance in AI investments, but a desire exists among investors for a convergence of the two market paths for a more stable investment environment [5].