在当下的休闲食品赛道，无论是外资巨头还是本土品牌，都倍感压力。 当地时间2月3日，奥利奥母公司亿滋国际交出了一份增收不增利的年度成绩单。2025财年，亿滋国际实现净收入385.37亿美元，同比增长5.8%；净收益为 24.51亿美元，同比下滑46.8%。导致亿滋国际2025财年利润缩水的关键是原材料可可的价格持续处于高位。 "过去两周，可可价格的下跌幅度超出所有人的预期。这在短期内可能会带来一些压力，主要是因为行业内的大型企业2026年的可可采购成本大多锁定在高 于当前市场价的水平，这可能会引发一些超出预期的竞争反应。"冯朴德在财报电话会上进一步说，当前可可价格已回归到与历史平均水平更为接近的区 间，预计2027财年巧克力业务的利润率会显著提升。 3日，另一家休闲食品赛道的巨头百事集团也披露了2025财年业绩报告，营收同比增长2.25%，净利润同比下滑13.97%。为了提振业绩，百事集团发起降价 攻势，发布了一则关于部分零食产品降价近15%的公告。 近年来，价格策略似乎成为国际快消巨头的"杀手锏"，前有可口可乐在中国市场的涨价，后有原材料可可价格上涨带来的巧克力涨价，亿滋国际近两年也持 续通过涨价来磨平成本压 ...

Core Viewpoint - Elon Musk has reignited his interest in acquiring Ryanair following a public dispute with the airline's CEO, Michael O'Leary, over the potential integration of SpaceX's Starlink service into Ryanair's fleet [1][3]. Group 1: Dispute Background - The conflict between Musk and O'Leary began when O'Leary rejected the idea of equipping Ryanair's fleet with Starlink, citing concerns over increased weight and fuel costs [3]. - Musk criticized O'Leary as "uninformed," while O'Leary referred to Musk as an "idiot," highlighting the contentious nature of their exchange [3]. Group 2: Acquisition Interest - Musk initiated a poll on social media platform X, asking followers if he should pursue the acquisition of Ryanair and restore it to its rightful leadership [3]. - He inquired about the cost of acquiring Ryanair and suggested that O'Leary should be dismissed from his position as CEO [3]. Group 3: Ryanair's Market Position - Ryanair's current market value is approximately €30 billion, equivalent to about 243.3 billion RMB, making it significantly larger than Lufthansa, which has a market value three times less [4]. - O'Leary has played a crucial role in transforming Ryanair into Europe's largest low-cost airline, achieving a 55% annual stock price increase and receiving a substantial bonus for meeting specific performance targets [4].

Group 1 - Bayern Munich achieved a significant victory against RB Leipzig with a final score of 5-1 in the Bundesliga match on January 18 [1] - Bayern Munich leads the Bundesliga standings with 50 points, holding an 11-point advantage over the second-placed team [1] - RB Leipzig is currently in fourth place with 32 points [1] Group 2 - The match featured key performances, including goals from Serge Gnabry and Harry Kane, as well as an assist from Jamal Musiala [1] - RB Leipzig's Romulo scored the opening goal, but the team failed to capitalize on several opportunities [1] - The match showcased a strong offensive display from Bayern Munich, with multiple players contributing to the scoreline [1]

Core Viewpoint - The U.S. military, in collaboration with the Department of Homeland Security, successfully intercepted and seized the oil tanker "Olina" in the Caribbean, marking the fifth such operation targeting vessels involved in Venezuelan oil transport in recent weeks [1] Group 1: Operation Details - The operation was executed by the "Southern Spear" joint task force, with support from multiple amphibious assault vessels and aircraft launched from the USS Gerald R. Ford [1] - The action was conducted without any conflict, emphasizing the U.S. commitment to combat illegal activities related to oil exports [1] Group 2: Background Information - The "Olina" tanker had previously departed from Venezuela and was reportedly disguised under the flag of East Timor [1] - According to a maritime risk management company, the last recorded activity of the vessel's AIS tracking system was 52 days ago in the northeastern waters of Venezuela's exclusive economic zone [1]

Core Viewpoint - The U.S. Southern Command confirmed the seizure of the oil tanker "Olina" in a joint operation with the Department of Homeland Security, marking the fifth interception of vessels involved in Venezuelan oil transport in recent weeks [1] Group 1: Operation Details - The operation was executed by the "Southern Cross" joint task force, with support from multiple amphibious assault vessels and aircraft launched from the USS Gerald R. Ford [1] - The operation occurred without conflict, emphasizing the U.S. commitment to combat illegal activities related to oil exports from Venezuela [1] Group 2: Background Information - The "Olina" tanker had previously departed from Venezuela and was reportedly disguised under the flag of East Timor [1] - According to the UK-based maritime risk management company, the last recorded activity of the vessel's AIS tracking system was 52 days ago in the northeastern waters of Venezuela's exclusive economic zone [1]

Group 1 - The "Oriana" oil tanker has been detained in the Caribbean Sea as reported by the Central Broadcasting Station [1] - Earlier reports indicated that the U.S. was intercepting this oil tanker in the Caribbean [1]

Core Viewpoint - The U.S. Southern Command confirmed the seizure of the oil tanker "Olina" in a joint operation with the Department of Homeland Security, marking the fifth interception of vessels related to Venezuelan oil transport in recent weeks [1] Group 1: Operation Details - The operation was executed by the "Southern Cross" joint task force, with support from multiple amphibious assault vessels and aircraft launched from the USS Gerald R. Ford [1] - The operation occurred without any conflict, emphasizing the U.S. commitment to combat illegal activities [1] Group 2: Context and Background - The "Olina" tanker had previously departed from Venezuela and was reportedly disguised under the flag of East Timor [1] - The last recorded activity of the vessel was 52 days ago in the northeastern waters of Venezuela's exclusive economic zone, according to a maritime risk management company [1]

Core Viewpoint - The U.S. Coast Guard boarded an oil tanker named "Olina" on the 9th, indicating active enforcement measures in the Caribbean region [1] Group 1 - U.S. officials reported the boarding of the oil tanker "Olina" by the Coast Guard [1] - Earlier reports indicated that the U.S. was intercepting the oil tanker in the Caribbean Sea [1]

Group 1 - The core viewpoint is that despite the challenges posed by trade tensions, geopolitical conflicts, and high global debt, the global economy, particularly the US economy, has shown resilience and strong growth, aided by the AI investment boom [1][3][12] - Olivier Blanchard notes that the actual disruption caused by US tariff policies has been less severe than expected, primarily manifesting as noise and uncertainty rather than immediate economic chaos [3][7] - The long-term damage from the disregard for traditional trade rules by the Trump administration could lead to a reduction in global trade and a slowdown in long-term growth, despite not causing an immediate recession [4][9] Group 2 - Blanchard emphasizes that the current political climate in the US reflects a lack of responsibility, with a prolonged fiscal deadlock and attempts to undermine the independence of the Federal Reserve, raising concerns among investors [4][21] - The potential for a shift in the international monetary system is highlighted, with expectations that the dollar's dominance will weaken, leading to more transactions being conducted in euros or yuan [25][23] - Europe is seen as having a historic opportunity to provide alternative assets to US Treasuries, contingent on the establishment of a robust euro-denominated bond market [4][23][27] Group 3 - The concept of "voluntary coalitions" is proposed as a way to address global governance challenges, where countries willing to adhere to rational positions can form agreements on specific issues, such as carbon taxes [5][35] - Blanchard suggests that Europe and China must engage in systematic discussions to explore all possible areas of cooperation, despite existing tensions [6][38] - The need for a well-structured euro bond market is emphasized, as it is crucial for enhancing the euro's attractiveness as an international currency [26][27][30]

Core Insights - Mondelez International, the parent company of Oreo, is significantly reducing marketing costs through investment in artificial intelligence, indicating a shift in the consumer goods industry towards new technologies to reshape advertising production [1] - The company has developed a generative AI tool in collaboration with Publicis Groupe and Accenture, which is expected to cut marketing content production costs by 30% to 50% [1][2] - The AI tool is already being utilized for social media content in the U.S. and Germany, with plans for broader application in major e-commerce platforms and future advertising campaigns [1][2] Group 1: AI Implementation and Cost Reduction - The AI tool has demonstrated cost efficiency in actual business applications, significantly lowering the production costs of marketing content compared to traditional methods [2] - For instance, the cost of an eight-second video for "Lacta" chocolate was reduced to a fraction of the traditional animation costs, which can reach hundreds of thousands of dollars [2] - The tool is set to enhance product displays for Oreo on major e-commerce platforms in the U.S. and will soon support marketing efforts in Brazil and the U.K. [2] Group 2: Competitive Landscape and Caution - Competitors like Kraft Heinz and Coca-Cola are also exploring AI in advertising, with Coca-Cola having previously launched an AI-generated holiday ad that sparked discussions about authenticity [3] - Mondelez International is adopting a cautious approach by avoiding the use of lifelike human images in AI-generated content and ensuring all AI outputs undergo human review [3] - The company has established clear guidelines to ensure brand safety, prohibiting AI content that promotes unhealthy eating habits or uses manipulative language [3]