Core Insights - Spotify is expanding its business model by entering the physical book market through a partnership with Bookshop.org, which is a significant move beyond its existing audiobooks segment [1] Group 1 - The partnership with Bookshop.org will allow Spotify to sell physical books on its streaming platform, indicating a diversification of its product offerings [1]

Tapestry raised its annual earnings targets on Thursday for a second time after strong demand for its Tabby handbags helped the affordable luxury retailer comfortably beat holiday-quarter estimates. ...

Core Viewpoint - Vestas, a wind turbine manufacturer, reported quarterly profits that slightly missed expectations, leading to a decline in its shares by up to 6% despite the CEO's confidence in future growth [1] Group 1: Financial Performance - The quarterly profit reported by Vestas fell short of market expectations, impacting investor sentiment and share price [1] - The decline in shares reached as much as 6% following the earnings announcement [1] Group 2: Management Outlook - The CEO of Vestas expressed confidence in the company's future growth prospects, indicating a positive long-term outlook despite the current quarterly results [1]

Group 1 - Cigna forecasts 2026 profit and revenue below Wall Street expectations, indicating ongoing medical cost and margin pressure [1]

Core Insights - Major U.S. banks increased their lobbying expenditures by 12% last year, marking the highest growth in over a decade as they sought to adapt to significant policy changes in Washington under President Donald Trump's administration [1] Group 1: Lobbying Expenditures - The total lobbying spend by big U.S. banks reached a new high, reflecting their intensified efforts to influence policy decisions [1] - This increase in lobbying spending indicates a strategic response to the evolving regulatory landscape and potential changes in financial policies [1] Group 2: Political Environment - The political climate under President Trump has prompted banks to reassess their lobbying strategies to better navigate the shifting policy environment [1] - The heightened lobbying activity suggests that banks are prioritizing engagement with policymakers to safeguard their interests amid potential regulatory changes [1]

Group 1 - KKR is set to acquire Arctos in a transaction valued at $1.4 billion [1]

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]