Group 1 - Estee Lauder has raised its annual sales forecast, indicating confidence in improving sales in China and the effectiveness of CEO Stephane de La Faverie's turnaround plans [1]

In the 15 years since leaving the Federal Reserve, Kevin Warsh has lectured often that the ideal central bank is one with the smallest possible footprint in the economy, focused intently on controlling inflation, and bound in part by policy rules rather than letting officials act as free-ranging "overlords." ...

Core Viewpoint - Chinese electric-vehicle maker Nio anticipates achieving its first-ever adjusted operating profit in Q4 2025, driven by increased vehicle sales and effective cost management [1] Group 1: Financial Performance - Nio expects to report an adjusted operating profit for the first time in Q4 2025 [1] - The anticipated profit is attributed to higher vehicle sales and improved cost controls [1] Group 2: Market Position - The company's growth strategy focuses on enhancing vehicle sales to support profitability [1] - Cost management initiatives are a key component of Nio's approach to achieving financial targets [1]

Core Insights - Discounts on Russian oil exports to China have reached new records as sellers reduce prices to attract demand from China, the world's largest crude importer, while compensating for anticipated losses in sales to India [1] Group 1 - The widening discounts on Russian oil are a strategic move to increase competitiveness in the Chinese market [1] - The reduction in prices is a response to the potential decline in sales to India, indicating a shift in export strategies [1] - This trend highlights the ongoing dynamics in the global oil market, particularly the relationship between Russian oil suppliers and major importers like China [1]

Core Viewpoint - Japan's Eisai has entered into a licensing agreement with Shanghai Henlius Biotech for the lung cancer drug Hansizhuang, involving an upfront payment of $75 million and potential milestone payments totaling up to $313.34 million [1] Group 1 - Eisai will pay an upfront fee of $75 million to Henlius for the licensing rights to Hansizhuang [1] - The agreement includes additional milestone payments that could reach up to $313.34 million, contingent on the achievement of specific targets [1] - This partnership highlights the growing collaboration between Japanese and Chinese biopharmaceutical companies in the oncology sector [1]

Core Viewpoint - Germany's cartel office has prohibited Amazon from imposing price caps on online retailers in its German marketplace, marking a significant regulatory action against the company [1] Group 1: Regulatory Actions - The German cartel office's decision represents a first-time claim against Amazon, stating that the company obtained several million euros through its pricing practices [1]

Group 1 - Reliance Industries has purchased 2 million barrels of Venezuelan oil from trader Vitol at a discount of approximately $6.5-$7 per barrel compared to ICE Brent for April delivery [1][1][1] - The acquisition involves one very large crude carrier, indicating a significant investment in crude oil supply from Venezuela [1][1][1] - This move reflects Reliance's strategy to secure cheaper oil supplies amid fluctuating global oil prices [1][1][1] Group 2 - The transaction highlights India's increasing openness to commercial crude supply from Venezuela, suggesting a potential shift in energy sourcing strategies [1][1][1] - The deal comes at a time when global oil markets are experiencing volatility, influenced by geopolitical factors and supply concerns [1][1][1] - Reliance's actions may impact the broader oil market dynamics, particularly in relation to pricing and supply chains [1][1][1]

Core Viewpoint - The European Commission has determined that Apple Ads and Apple Maps do not meet the criteria for designation under the EU's Digital Markets Act due to their limited usage and scale in the European market [1] Group 1: Apple Ads - Apple Ads has a limited scale in the EU online advertising market, which influenced the European Commission's decision [1] Group 2: Apple Maps - Apple Maps has relatively low usage in the EU, contributing to the conclusion that it should not be designated under the Digital Markets Act [1]

Group 1 - The South Korean e-commerce company Coupang has confirmed a data leak affecting an additional 165,000 users [1]

Group 1 - Equinor has signed a five-year gas supply agreement with Eneco, an energy company based in the Netherlands, for deliveries to the Netherlands [1]