Press release - Kering and L'Oréal forge a beauty alliance - 20251019 PRESS RELEASE KERING AND L’ORÉAL FORGE AN ALLIANCE IN BEAUTY AND WELLNESS Paris and Clichy, France. October 19, 2025 – Kering and L’Oréal announced today that they are entering a long-term strategic partnership in luxury beauty and wellness. This binding agreement encompasses the acquisition of the House of Creed by L’Oréal, the beauty and fragrance licenses of iconic Houses of Kering and an exclusive venture to explore business opportun ...

Core Insights - Navitas Semiconductor's stock experienced a significant increase of 78.1% in the last week of trading, bringing its year-to-date gain to approximately 311% [1][3][4] Group 1: Partnership and Product Development - Navitas announced a partnership with Nvidia to supply gallium nitride (GaN) and silicon carbide (SiC) power semiconductors for Nvidia's next-generation AI data centers, marking a substantial advancement for the company [3][6] - Nvidia is recognized as a leader in advanced graphics processing units (GPUs) for AI data centers, making this partnership a strategic win for Navitas [3] Group 2: Financial Performance and Market Valuation - Following the recent stock rally, Navitas has a market capitalization of approximately $3.1 billion, trading at about 64 times this year's expected sales [4] - The company guided for third-quarter sales of $10 million, indicating a significant decline from $14.5 million in the second quarter [4][5] Group 3: Investor Sentiment and Future Outlook - Despite the anticipated sales decline, investors are optimistic about Navitas' growth potential, believing that partnerships and design wins will lead to future gains [5]

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Sapient Capital disclosed in its October 17, 2025, SEC filing that it sold 8,029 shares of AppLovin (APP -0.91%), an estimated $3.70 million trade based on the average price for the quarter.What HappenedIn a quarterly Form 13F filed with the Securities and Exchange Commission on October 17, 2025 (link), Sapient Capital reported selling 8,029 shares of AppLovin (APP -0.91%) during the quarter. The estimated value of the trade was $3,702,494. The fund retained a position of 1,272,462 shares.What Else to KnowT ...

Core Insights - Oracle's shares fell approximately 7% after a week of positive momentum driven by its long-term outlook and significant cloud commitments [1][2] - The company has emerged as a key player in the AI sector, with its cloud infrastructure being the primary growth driver [2][3] Financial Performance - Oracle reported a remarkable 359% increase in remaining performance obligation (RPO), reaching $455 billion, attributed to multiple multibillion-dollar agreements [5] - The company anticipates cloud infrastructure revenue of $166 billion and total revenue of $225 billion by fiscal 2030, with adjusted earnings per share projected at $21 [6] Market Position - The recent surge in RPO has shifted investor perception, viewing Oracle more as a rapidly scaling cloud platform rather than a traditional software vendor [5] - Oracle secured $65 billion in new commitments within a 30-day period, including a $20 billion deal with Meta Platforms, indicating strong and diversified demand [7] Strategic Outlook - Management's ambitious long-term targets and the substantial contract backlog support expectations for multiyear growth in cloud infrastructure [8] - The recent stock pullback raises questions about whether it presents a buying opportunity or reflects a market correction [2][8]

Core Viewpoint - The proposed acquisition of Larvotto Resources Limited by United States Antimony Corporation aims to create one of the largest antimony producers outside of China, enhancing the company's position in the critical minerals market [1]. Group 1: Acquisition Details - United States Antimony Corporation has submitted a confidential, non-binding proposal to acquire 100% of the share capital of Larvotto Resources Limited [1]. - The proposal includes a scheme of arrangement under the Australian Corporations Act 2001 [1]. - Larvotto shareholders would receive six (6) USAC shares for every one hundred (100) Larvotto shares, indicating a significant premium compared to Larvotto's last equity capital raise and recent stock trading prices [1].

Core Viewpoint - A federal judge has ruled that the lawsuit filed by X and xAI against Apple and OpenAI regarding alleged monopolistic practices in the artificial intelligence market will remain in the Fort Worth, Texas federal court, despite minimal connections to the area [1][6]. Group 1: Lawsuit Details - The lawsuit accuses Apple and OpenAI of maintaining monopolies in the AI market, with specific allegations that Apple favors OpenAI's ChatGPT in App Store rankings while deprioritizing competitors like xAI's Grok [9][10]. - The judge, Mark Pittman, highlighted the lack of strong connections between the companies and Fort Worth, noting that X Corp. is based in Bastrop, Texas, and both Apple and OpenAI are headquartered in California [4][6]. Group 2: Judicial Commentary - Judge Pittman criticized the practice of forum-shopping, where plaintiffs choose specific jurisdictions to increase their chances of favorable rulings, and he encouraged the companies to consider relocating their headquarters to Fort Worth [2][5]. - He pointed out that the Fort Worth division's docket is significantly busier than that of the Dallas division, which has more judges, indicating a potential bias in the judicial process [3][6]. Group 3: Venue Decision - Despite the minimal connections to Fort Worth, the judge decided to keep the case there, stating that the defendants did not file a motion to transfer venue, which influenced his decision [6][7]. - The U.S. 5th Circuit Court of Appeals has raised the standard for transferring venue, making it more challenging for cases to be moved to different jurisdictions [8].

Join our daily newsletter At The Bell to receive exclusive market insightsASX today – Australian shares have (barely) ticked down in futures this morning, with expectations pointing towards a three-point dip when Week 43 opens, as most catch their breath from the recent U.S. rollercoaster.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.Between Albanese’s meeting with Trump coming up this week and trade w ...

Core Insights - 61% of American households are classified as middle-class, with income ranging from $56,600 to $169,800 [1] Group 1: Cost of Living and Economic Factors - The ability to maintain a middle-class lifestyle varies by geographic region due to differences in cost of living, tax policies, homeownership rates, and average household income [2] - Average cost of living for a family of four is sourced from Livingcost.org, while average rent data comes from RentCafe [2] Group 2: States Favorable for Middle-Class Living - Florida and Texas are highlighted for their lack of state income tax and moderate to low cost of living, making them attractive for maintaining a middle-class lifestyle [5][6] - Texas has an average home value of $298,906, allowing residents to purchase homes in rural areas and retain more of their income [7] - Tennessee features a robust economy with a homeownership rate of 68.9%, higher than the national average of 65.7% [11]