Company Performance - PopMart's revenue more than doubled in the past year [2] - In 2024, over 85% of PopMart's revenue came from exclusive products developed with artists [5] - Labubu line revenue saw a 726% growth from the previous year [6] Market Expansion - Sales outside of China more than tripled in 2024 [4] - Overseas revenue now makes up nearly 40% of the company's sales, up from 17% in 2023 [4] - The company plans to open more than 20 stores in the US by the end of 2025 [4] Product & Strategy - Blind box packaging helped PopMart take off [3] - PopMart is expanding into plush and accessories categories [6] - A secret character has a 1 in 72 chance of getting [3] Risk Factors - There's a risk of the viral fad dying out [6] - Uncertain trade war with China might make products more expensive [6]

[Music] This is something that can't be achieved with fireworks alone. It's made using pyro drones. Hundreds of tiny explosiveladen quadcopters piloted to an exact formation in space, firing pyro technics in perfect choreography.But while these shows may look simple, getting to this point has taken extensive engineering, complex flight plans, and a fair amount of trial and error. To see exactly how a pyro drone show comes together, aerial display company Sky Elements invited the Wall Street Journal to a tes ...

Tax Policy Changes - Extension of 2017 tax cuts, initially set to expire at the end of 2025 [1][2] - Child tax credit increased to $2,200 and indexed to inflation [2] - Estate tax exemption increased to $15 million per person [2] - Elimination of tax credits for electric vehicles and clean energy purchases after September 30th [3] - State and local tax deduction capped at $10,000, with a temporary increase to $40,000 for certain income levels [3][4] - Potential $25,000 deduction for tipped workers, but payroll taxes still apply [4] - Deduction for seniors of $6,000 per person for those ages 65 and up [6] Government Spending and Budget Impact - Increased funding for agencies like ICE, Customs and Border Protection, Homeland Security, the Defense Department, and Missile Defense [7] - Medicaid work requirements implemented, projected to save $326 billion through 2034 [8][9] - Changes to premium tax credits under the Affordable Care Act, potentially leading to 11 million fewer people with health insurance by 2034 [10] - Creation of a $50 billion rural healthcare fund to address changes in healthcare access [11] - Projected increase in the deficit by $3.4 trillion over the next 10 years (through 2034) [13] Economic Impact and Political Considerations - Republicans argue that economic growth from tax cuts and deregulation will offset the deficit increase [15] - Economists express concerns about the drag of budget deficits on the economy, potentially leading to higher interest rates and increased debt [15] - Potential for Democrats to delay or change tax cuts if they win the House majority [12]

Industry Overview - Chinese shipyards have rapidly grown to become major players in global shipbuilding, leading to a significant portion of America's cargo being carried by Chinese ships [1] - The US aims to counter China's dominance in shipbuilding due to concerns about naval warfare logistics, particularly in potential conflicts like one over Taiwan [2][3] US Response - The US government is considering imposing fees on Chinese ships docking in the US to incentivize cargo ship companies to diversify their suppliers [3] - Congress is contemplating a bill to subsidize American shipyards to revitalize the domestic shipbuilding industry [4] Challenges and Implications - Rebuilding the American commercial shipbuilding industry will be a lengthy process, potentially taking years [4] - American taxpayers would bear the financial burden of subsidizing the shipbuilding initiative [4]

[Music] This is something that can't be achieved with fireworks alone. It's made using pyro drones. Hundreds of tiny explosiveladen quadcopters piloted to an exact formation in space, firing pyro technics in perfect choreography.But while these shows may look simple, getting to this point has taken extensive engineering, complex flight plans, and a fair amount of trial and error. Anytime you attach any sort of explosive device to anything, it creates an additional level of risk. What are the things that are ...

Recently there was a big move in in in um the shares of solar companies because it seems like you know things are still in flux but it looks like the direction of things Mike tell me if this is where you think they're headed is towards taking out a lot of the tax credits that have gone to you know solar and wind and other kind of renewable energies. So there is I think a big interest in the impact on and part of the breakup of of well I I don't know what their relationship status now is it's complicated of ...

How concerned are clients about these deficits and the big beautiful bill. Like what's the vibe out there in terms of what you're hearing. I think investors are a bit confused um because I think they went into the start of this year with the new administration and whether it was all the conversations around Doge and cutting government spending, the secretary's comments around uh moving to, you know, 3% deficit to GDP ratio, and then they look at the reconciliation bill, and there's a bit of um h how does th ...

- I'm gonna see the GPU guys. This is it. Welcome to an AI data center where you can hear.This is extremely loud right now. And feel. This can blow dry my hair.The power. The AI's in there. By 2028, data centers like this across the country could use 12% of all US electricity, enough to power more than 55 million homes for a year.And yes, you are increasing that energy. Every time you hit enter on an AI prompt, it's routed through places like this. - You know, we need to do the AI.And we need more than doub ...

Company Overview - Epic's headquarters spans 1,670 acres and includes five campuses: Prairie, Central Park, Farm, Wizards, and Storybook [1] - The company employs close to 13,000 individuals who work on-site five days a week [1] - Epic's headquarters design incorporates elements of surprise and fantasy, drawing inspiration from stories like Harry Potter and the Wizard of Oz [1] Recruitment and Employee Retention - The unique campus design serves as a major recruitment tool, attracting talent from states like California, New York, and Texas [1] - Epic aims to create a fun and engaging work environment to encourage employees to stay [1] - Office buildings are designed to be no more than three stories high to encourage employee interaction and movement [1] Facilities and Amenities - The headquarters includes unique features such as a three-story library, treehouse conference spaces, and a New York deli [1] - The campus incorporates unconventional elements like slides for quick transportation [1] - The design incorporates "surprises" around every corner to create an engaging environment [1]

[Applause] This is what a successful side launch of a ship looks like. And this is Kim Jong-un's brand new 5,000 ton destroyer. It capsized after North Korea tried the same launch method.But what seems like a major setback for North Korea's efforts to modernize its Soviet era Navy offers a rare glimpse into the shadowy relationships between Pyongyang and Moscow. The botch launch at Chong Jin was very embarrassing, but these ships reveal deep technological ties between Russia and North Korea. Here's how Mosc ...