Core Insights - Lineage, Inc. reported a total revenue increase of 3.1% to $1,377 million for Q3 2025 [1] - The company experienced a GAAP net loss of $(112) million, translating to $(0.44) per diluted common share [1] - Adjusted EBITDA rose by 2.4% to $341 million, while the adjusted EBITDA margin decreased by 10 basis points to 24.8% [1] - AFFO (Adjusted Funds from Operations) increased by 6.3% to $221 million [1]

Core Viewpoint - Berkshire Hathaway's portfolio is strategically positioned to capitalize on the artificial intelligence (AI) boom, with significant investments in key companies that are well-placed to benefit from AI advancements [1][2]. Group 1: Berkshire Hathaway's Portfolio Overview - Berkshire Hathaway's stock portfolio includes nearly four dozen companies with a combined market value exceeding $300 billion [1]. - Approximately 28% of Berkshire Hathaway's portfolio is concentrated in three AI-related stocks [2]. Group 2: Key Investments in AI Stocks - **Apple Inc.** - Position value is $76.0 billion, representing 24.3% of the portfolio [3]. - Apple has a vast ecosystem with over 2.3 billion active devices, making it well-suited for distributing AI products and services [3]. - Despite a slow start in AI, with initial features underperforming, Apple is revamping its Siri assistant and exploring third-party AI integrations [4]. - **Mitsubishi Corp** - Position value is $9.4 billion, accounting for 3% of the portfolio [7]. - Mitsubishi Corp is involved in developing AI technologies through its subsidiary, MC Digital, which offers technology products and consulting services [7][8]. - Berkshire Hathaway has increased its stake in Mitsubishi Corp to about 10.2%, indicating strong confidence in its future prospects [9]. - **Amazon.com Inc.** - Position value is $2.5 billion, making up 0.8% of the portfolio [10]. - Amazon's AI growth is driven by its cloud platform, AWS, which saw a 20% revenue growth in Q3 2025 [11]. - The company is also leveraging robotics, with potential to replace up to 600,000 human workers, enhancing profit margins in its e-commerce segment [11][13].

Core Viewpoint - So-Young International Inc. is set to report its financial results for the third quarter of 2025 on November 17, 2025, before U.S. markets open [1]. Company Overview - So-Young International Inc. is the leading aesthetic treatment platform in China, connecting consumers with online services and offline treatments [3]. - The company provides access to aesthetic treatments through its online platform and branded aesthetic centers, offering curated treatment information, facilitating online reservations, and delivering high-quality treatments [3]. - So-Young also develops, produces, and distributes optoelectronic medical equipment and injectable products, positioning itself well for long-term growth in the medical aesthetic value chain [3]. Earnings Conference Call - The management will hold an earnings conference call on November 17, 2025, at 7:00 AM U.S. Eastern Time [2]. - Dial-in details for the conference call include international and local numbers for various regions, with a passcode provided for access [2]. - A telephone replay will be available two hours after the call, and a live and archived webcast will be accessible on the company's investor relations website [2].

Core Insights - Restaurant operators are currently hoarding coins and advising customers not to expect exact change, indicating a significant shift in cash handling practices within the industry [1] - Cashiers are facing challenges with basic arithmetic due to the shortage of coins, which may impact customer service efficiency [1] Industry Summary - The hoarding of coins by restaurant operators suggests a broader issue related to cash circulation and availability in the economy [1] - The warning to customers about not receiving exact change reflects operational adjustments that restaurants are making in response to the coin shortage [1] - The situation highlights the need for cashiers to adapt to new challenges, potentially requiring additional training or support to manage transactions effectively [1]

Group 1 - KKR & Co is enhancing its Indian insurance division while expanding in private equity, infrastructure, and credit across India [1][2] - The insurance operations are managed by Global Atlantic Financial Group, fully acquired by KKR in January 2024 [1] - KKR's insurance division made its first investment in India in June, providing $600 million in financing to Manipal Group [2] Group 2 - KKR's insurance business is also expanding in Japan and Europe, with adjusted investible assets of $197 million as of September [3] - KKR has committed $9 billion in equity investments in India since 2020, focusing on private equity and infrastructure [4] - The credit division is identified as KKR's fastest-evolving business line, with India and Japan showing the strongest performance among Asian markets [4] Group 3 - KKR manages approximately $685 billion in assets globally, with credit operations accounting for $250 billion to $300 billion [5] - The Indian business is expected to increasingly align with KKR's global profile over time [5] - KKR aims to invest between $90 billion and $100 billion globally this year [4]

Market Overview - The major sell-off in US markets saw the NASDAQ down 2%, S&P 500 down over 1%, and Dow industrials down approximately 250 points, primarily driven by the tech sector [1] - Palantir shares fell nearly 8%, Nvidia down almost 4%, AMD also trading lower, and Tesla down about 5% [2] Market Sentiment - Signs of stabilization are emerging in Europe, with Palantir down 2% in extended trade, while Tesla and Nvidia shares appear to be stabilizing [2] - There is speculation on whether investors will buy the dip or if this marks the start of a sustained sell-off [3] Market Correction Predictions - Executives from Goldman Sachs and Morgan Stanley predict a potential 10% to 20% drawdown in equity markets within the next 12 to 24 months [3][4] - The possibility of 10% to 15% drawdowns not driven by macroeconomic factors is acknowledged, indicating a healthy market correction [5] Company-Specific Insights - Palantir CEO Alex Karp criticized short sellers, including notable investor Michael Burry, for betting against Palantir and Nvidia [5][6] - Karp argues that the market manipulation is evident, claiming that Palantir has delivered exceptional results [6][7] - Karp emphasizes that while shorting is a valid strategy, it should not target companies that are contributing positively to society [7] Valuation Concerns - There is a discussion around the high valuation of Palantir, trading at 250 times forward earnings, while its expected revenue is $4.4 billion [10] - The disparity between the valuation and the company's growth potential raises questions about market manipulation and investor sentiment [9][10]

Core Viewpoint - Jackson Financial (JXN) shares have shown modest performance over the past year, trading essentially flat after a significant sell-off in April, but have since rallied approximately 40% from the lows to return to flat levels [1] Group 1: Stock Performance - The stock was heavily impacted during the April sell-off [1] - Following the sell-off, Jackson Financial shares have rebounded by about 40% from their lowest point [1] - Overall, the stock has remained flat over the past year despite the fluctuations [1]

Gold rebounded as investors sought safety following a slump in global stocks due to concerns around elevated valuations. Spot bullion rose toward $4,000 an ounce, after falling almost 2% in the previous session as the US dollar strengthened. Treasuries also rallied, while global stocks extended their steepest drop in nearly a month in the previous session. Most Read from Bloomberg Gold’s drop on Tuesday came as a trio of Federal Reserve policymakers stopped short of supporting an additional interest-rat ...

Image: SuppliedThe Saudi Film Commission (SFC), one of 11 sector-specific bodies under the Saudi Ministry of Culture, has unveiled a cutting-edge virtual production soundstage at JAX Film Studios — the Kingdom’s newest flagship production complex in Riyadh. Designed by Oscar-winning visual effects studio Pixomondo and powered by Sony’s latest VERONA LED technology, the facility represents a major leap in Saudi Arabia’s efforts to build a world-class film production ecosystem.The new custom-built virtual pr ...

Core Insights - Masayoshi Son, chairman and CEO of SoftBank Group, experienced a significant wealth decline of $13.1 billion, marking the largest drop among Asian billionaires, amid a global selloff due to concerns over high stock market valuations [1][2] Company Performance - SoftBank's shares fell by 10% on the same day, contributing to Son's wealth decrease, yet he remains the richest person in Japan with a fortune of $71.5 billion primarily from his SoftBank stake [2] - Despite the recent drop, SoftBank's stock has increased nearly 150% this year, indicating strong performance prior to the selloff [6] Market Sentiment - The selloff is attributed to shifting investor sentiment regarding high-growth tech stocks, particularly in the AI sector, rather than specific issues within SoftBank [3] - The Nikkei 225 index fell by 2.5% and South Korea's KOSPI index dropped by 2.9%, reflecting broader market concerns [4] Investment Focus - SoftBank is viewed as a proxy for investing in OpenAI, with significant investments directed towards the AI sector, including a $5.4 billion acquisition of ABB's robotics unit [4][6] - Analysts suggest that investors have high expectations for SoftBank's stock, which may lead to volatility as the market adjusts to current realities [5][7] Future Outlook - Market adjustments may take time, with predictions that the equity market could remain stagnant for about three months if no positive developments occur [8]