Core Insights - Targa Resources exceeded Wall Street estimates for fourth-quarter adjusted core profit, driven by increased demand and higher transport volumes of natural gas and natural gas liquids [1] - U.S. natural gas futures rose over 11% sequentially in the fourth quarter, ending a declining trend due to higher demand and increased pipeline volumes [1] - Midstream companies like Targa are benefiting from strong oil and gas production in the Permian Basin, rising natural gas demand from liquefied natural gas exports, and increased power generation linked to AI operations, cryptocurrency mining, and data centers [1] Financial Performance - Targa reported total quarterly natural gas sales of 2.96 billion British thermal units per day (BBtu/d), a 6.2% increase from the previous year [1] - NGL pipeline transportation volumes increased by approximately 20.3% to 1,048.7 thousand barrels per day (MBbl/d) [1] - Adjusted core profit for the quarter ended December 31 was $1.34 billion, surpassing analysts' estimates of $1.27 billion [1] Future Outlook - Targa anticipates continued growth across its Permian footprint, projecting record NGL pipeline transportation, fractionation, and liquefied petroleum gas export volumes by 2026 [1] - The company expects to bring online the Falcon II plant in the Permian Delaware region in the first quarter [1] - For the current year, Targa forecasts adjusted core earnings between $5.4 billion and $5.6 billion, aligning with analysts' average estimate of $5.5 billion [1]

Group 1 - Hungary is considering cutting off power and gas exports to Ukraine unless Ukraine resumes Russian oil shipments via the Druzhba pipeline [1] - Hungary and Slovakia have accused Ukraine of delaying the restart of oil flows for political reasons, leading to a halt in diesel exports to Ukraine [1] - Hungary and Slovakia account for 68% of Ukraine's imported power and about one-third of Ukraine's current gas imports [1] Group 2 - Hungary and Slovakia have requested the European Commission to enforce an exemption allowing them to buy seaborne Russian oil despite EU sanctions [1] - The Slovak government has approved a loan of 250,000 tons to tap into state oil reserves due to halted flows from the Druzhba pipeline [1] - Hungary's Prime Minister Viktor Orban has been a vocal opponent of Ukraine's EU membership bid, maintaining good relations with Russia [1]

Core Insights - Figma's shares increased by approximately 14% following strong revenue forecasts and positive commentary regarding its AI initiatives [1] - The company forecasts 2026 revenue between $1.36 billion and $1.37 billion, surpassing previous estimates of $1.29 billion [1] - Figma plans to implement a hybrid monetization model starting in March, which includes selling AI credits to users [1] Company Strategy - Figma aims to enhance its competitive position by integrating AI into its platform, similar to strategies employed by larger competitor Adobe [1] - The company allows users to manage the entire creative process on a single platform, appealing to both enterprises and freelancers [1] Financial Outlook - If current stock gains persist, Figma could increase its market value by over $1.7 billion [1] - Investments in AI and operational costs, including stock-based compensation, are expected to raise overall expenses, potentially impacting gross margins [1]

Core Viewpoint - Hims & Hers Health is acquiring Australian digital health company Eucalyptus for a deal valued at up to $1.15 billion, aiming to expand its personalized telehealth services [1] Group 1: Acquisition Details - The acquisition is valued at up to $1.15 billion, indicating a significant investment in expanding digital health capabilities [1] - Eucalyptus is recognized for its innovative approach in the digital health sector, which aligns with Hims & Hers Health's strategy to enhance its service offerings [1] Group 2: Strategic Intent - The acquisition reflects Hims & Hers Health's commitment to broadening its telehealth platform and enhancing personalized healthcare solutions [1] - This move is part of a larger trend in the healthcare industry where companies are increasingly focusing on digital health solutions to meet consumer demands [1]

Core Viewpoint - Cenovus Energy, a Canadian oil and gas producer, reported an increase in fourth-quarter profit driven by higher upstream production [1] Group 1: Financial Performance - The company experienced a rise in profit for the fourth quarter [1] - The increase in profit was attributed to higher upstream production levels [1]

Core Viewpoint - A drilling rig named Alula has successfully arrived in Venezuela's Lake Maracaibo region, indicating a potential boost in the country's oil production capabilities [1] Group 1: Rig Transportation - The Alula rig was transported from China to Venezuela, highlighting international collaboration in the oil sector [1] - The rig is specifically designed for drilling in shallow waters, which is crucial for operations in Lake Maracaibo [1] Group 2: Implications for Oil Production - The arrival of the Alula rig may enhance Venezuela's oil production, which has been struggling in recent years [1] - This development could signify a renewed interest in Venezuela's oil resources, potentially attracting further investments [1]

Core Insights - Hims & Hers Health is exploring new growth avenues as its initial sexual-health product lines reach maturity [1] - The company faced backlash from Novo Nordisk and U.S. regulators following the controversial launch of weight-loss pills [1] Company Overview - Hims & Hers Health is an online telehealth company that has primarily focused on sexual health products [1] - The company is now seeking to diversify its offerings to sustain growth as its original franchises mature [1] Industry Context - The launch of weight-loss pills by Hims & Hers Health has been met with significant criticism, indicating potential regulatory challenges in the telehealth and pharmaceutical sectors [1] - The response from established players like Novo Nordisk highlights the competitive landscape and the scrutiny new entrants may face in the health and wellness market [1]

Core Viewpoint - The U.S. President's executive order utilizing the Defense Production Act highlights the necessity for U.S. farmers to have reliable access to glyphosate, as stated by Bayer [1] Group 1: Executive Order and Its Implications - The executive order aims to secure the supply of glyphosate, a critical herbicide for U.S. agriculture [1] - Bayer emphasizes the importance of glyphosate for farmers, indicating that access to this herbicide is essential for maintaining agricultural productivity [1] Group 2: Industry Impact - The move reflects broader concerns within the agricultural sector regarding the availability of essential farming inputs [1] - This action may influence market dynamics, potentially affecting glyphosate pricing and availability for farmers across the U.S. [1]

Teck Resources beat fourth-quarter profit expectations on Thursday, helped by a surge in copper prices and production, as the Canadian miner advanced its proposed merger with Anglo American. ...

Group 1 - Renault Group is considering a plan to manufacture its next generation of compact electric vehicles (EVs) at its Palencia plant in Spain [1] - The company has previously produced all of its EVs in France and is now expanding its electric vehicle lineup [1] - Renault faces significant competition from low-cost Chinese manufacturers in its primary European markets [1]