Valued at a market capitalization of $54.4 billion, Parsippany, New Jersey-based Zoetis Inc. (ZTS) is a leader in the animal health space and is engaged in the discovery, development, manufacture, and commercialization of medicines, vaccines, diagnostic products and services, biodevices, genetic tests, and precision animal health solutions in the United States and internationally. Companies with a market cap of $10 billion or more are typically referred to as “large-cap stocks.” Zoetis sits comfortably t ...

Proximus to cut 1,200 jobs by 2030 -CEO | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The logo of Proximus is seen at the headquarters of the Belgian telecoms operator in Brussels, Belgium January 9, 2019. REUTERS/Francois Lenoir [Purchase Licensing Rights, opens new tab]Feb 27 (Reuters) - Belgian telecom provider Proximus [(PROX.BR), opens new tab] will cut 1,200 jobs by 2030 due to AI efficiency measures, equivalent to 15% of i ...

Core Viewpoint - ACM Research's Q4 2025 financial results showed a significant decline, leading to a 17% drop in stock price, which alters the risk/reward dynamics for the company in the semiconductor equipment sector [1]. Financial Performance - The stock price was previously at $39.79 before the earnings report, indicating a notable shift in market perception following the disappointing results [1]. Market Analysis - The company is characterized as a fast-growing supplier in the chip equipment industry, suggesting potential for future growth despite current challenges [1].

Article contentFive and a half years later, Cuozzo, 80, is still waiting for more than $6 million that was awarded by a jury that determined Berkshire Hathaway Inc. utility PacifiCorp’s equipment caused the fire. Cuozzo’s award is a tiny part of billions of dollars in damage claims that followed Oregon’s so-called Labor Day fires, which burned thousands of properties and rank among the state’s biggest and most destructive.“You know who owns PacifiCorp: Warren Buffett, Berkshire Hathaway,” Cuozzo said in an ...

Market Overview - U.S. stock futures declined on Friday following a mixed close on Thursday, with major benchmark indices showing negative futures [1] - The 10-year Treasury bond yielded 4.00%, while the two-year bond was at 3.42%, indicating market expectations for interest rates [2] - The Dow Jones, S&P 500, Nasdaq 100, and Russell 2000 experienced losses of -0.32%, -0.13%, -0.02%, and -0.59% respectively [2] Stocks in Focus - Block Inc. surged 22.28% after reporting in-line earnings for Q4 and announcing a workforce reduction of over 40%, maintaining a strong price trend [4] - Zscaler Inc. fell 8.62% after cutting its FY26 sales guidance despite better-than-expected Q2 results, reflecting a weak price trend [4] - Dell Technologies jumped 12.64% after exceeding Q4 financial expectations and providing FY27 guidance above estimates, showing a strong price trend [4] - Rocket Lab Corp. declined 4.45% with losses remaining similar year-on-year, maintaining a weak price trend in the short term [3][5] Analyst Insights - Doug Beath from Wells Fargo Investment Institute maintains a positive outlook on the U.S. economy and stock market, noting a significant rotation and broadening out of equity markets [7] - Beath anticipates increased volatility in 2026 due to midterm elections and changes in Federal Reserve leadership, viewing current fluctuations as a precursor to broader equity gains [7][8] - Investors are advised to remain agile and take advantage of market fluctuations to invest in U.S. Large Cap Equities and the Financials sector, supported by accelerating fourth-quarter earnings estimates for the S&P 500 [8]

Core Insights - Jack Dorsey, CEO of Block, acknowledged over-hiring during COVID as a key reason for recent layoffs, reducing the workforce from over 10,000 to under 6,000 [1][6] - Dorsey attributed the over-hiring to a structural misstep, where two separate company structures were created instead of one, leading to inflated headcount during aggressive expansion [2] - Block aims for more than $2 million in gross profit per employee, which is four times its pre-COVID efficiency, while maintaining a flat gross profit of about $500,000 per person from 2019 to 2024 [6] Company Performance - Block's share price is approximately $54, remaining flat compared to its 2018 price, with significant fluctuations during the pandemic [7] - The company has experienced a drop in stock price from over $275 in early 2021 to below $100 since early 2022 [7] - Dorsey emphasized that the business remains strong, with growing gross profit and improving profitability despite the layoffs [7] Industry Context - Dorsey pointed to a fundamental shift in company operations, with intelligence tools and smaller teams enabling a new way of working [8] - Other tech companies, including Amazon, eBay, Meta, and Workday, have also announced workforce cuts, often citing efficiency gains driven by AI [8] - The trend towards leaner operations is reflected in the actions of other industry leaders, such as Fiverr, which announced a 30% workforce cut to become a more efficient "AI-first company" [9]

Market Overview - U.S. stock futures declined on Friday following a mixed close on Thursday, with major benchmark indices showing negative futures [1] - The 10-year Treasury bond yielded 4.00%, while the two-year bond was at 3.42%, indicating market expectations for interest rates [2] - The Dow Jones, S&P 500, Nasdaq 100, and Russell 2000 experienced losses of -0.32%, -0.13%, -0.02%, and -0.59% respectively [2] Stocks in Focus - Block Inc. surged 22.28% after reporting in-line earnings for Q4 and announcing a workforce reduction of over 40%, maintaining a strong price trend [4] - Zscaler Inc. fell 8.62% after cutting its FY26 sales guidance despite better-than-expected Q2 results, showing a weak price trend [4] - Dell Technologies jumped 12.64% after exceeding Q4 financial expectations and providing FY27 guidance above estimates, with a strong price trend [4] - Rocket Lab Corp. declined 4.45% after reporting Q4 results, with losses remaining similar year-on-year [3][5] Analyst Insights - Doug Beath from Wells Fargo Investment Institute maintains a positive outlook on the U.S. economy and stock market, noting a significant rotation in equity markets as a positive sign for economic growth [7] - Beath anticipates increased volatility in 2026 due to midterm elections and changes in Federal Reserve leadership, viewing current market fluctuations as a precursor to broader equity gains [7][8] - Investors are advised to remain agile and take advantage of market volatility to invest in U.S. Large Cap Equities and the Financials sector, supported by accelerating fourth-quarter earnings estimates for the S&P 500 [8]

Core Viewpoint - Abu Dhabi National Oil Company (ADNOC) is set to increase exports of its flagship Murban crude in April, adding to the existing supply from Middle Eastern producers ahead of the OPEC+ meeting [1] Group 1: ADNOC's Supply Increase - ADNOC has offered additional volumes of Murban crude to its partners in the onshore concession, although the exact amount of extra supply remains unclear [1] - Partners in ADNOC Onshore, including BP, TotalEnergies, China National Petroleum Corp, Inpex, Zhenhua Oil, and GS Energy, are entitled to approximately 40% of the production, which is around 2 million barrels per day [1] Group 2: OPEC+ Context - The increase in oil production from both Saudi Arabia and the UAE is part of a contingency plan in response to potential disruptions in Middle Eastern supplies due to geopolitical tensions [1] - OPEC+ is expected to consider raising oil output by 137,000 barrels per day for April after previously suspending production increases in the first quarter [1] Group 3: Market Impact - The rise in Murban's supply has led to a decrease in crude's spot premiums, which fell below $2 per barrel for Dubai quotes for cargoes loading in April [1]

Core Viewpoint - Pasithea Therapeutics is presenting its lead program, Basel IV, which is the first macrocyclic MEK inhibitor to enter clinical trials, highlighting its differentiated profile in terms of safety, pharmacokinetics, and early signs of efficacy [3]. Company Overview - Pasithea Therapeutics is participating in Oppenheimer's 36th Annual Life Sciences Conference, showcasing its innovative approach in the biotech sector [1]. - The CEO of Pasithea, Tiago Reis Marques, emphasizes the company's commitment to advancing its clinical programs despite personal health challenges [2]. Product Focus - The lead program, Basel IV, targets neurofibromas associated with neurofibromatosis type 1, specifically focusing on plexiform neurofibromas and cutaneous neurofibromas [3]. - The presentation will include data supporting the safety and pharmacokinetic profile of Basel IV, as well as early efficacy results in monotherapy [3].

Core Insights - Bekaert has achieved ISCC PLUS certification for its steel tire reinforcement products, highlighting its commitment to sustainability and innovation in the tire industry [1][5][6] Group 1: Certification and Standards - The Bekaert Recycled Content Standard has been a significant industry benchmark, facilitating traceability and sustainable practices in steel tire reinforcement, which contributed to the expansion of ISCC's certification framework [2][5] - A structured certification pathway for high recycled content in tire cord and bead wire has been established through collaboration among Bekaert, ISCC, and TÜV NORD [3][4] - The certification process involved auditing Bekaert's Burgos plant by TÜV NORD, ensuring the ISCC PLUS framework's reliable application to steel products [4][6] Group 2: Industry Impact - The certification positions Bekaert as a leader in certified tire reinforcement, promoting industry-wide adoption and creating value for tire manufacturers [5][6] - Tire manufacturers can leverage ISCC PLUS-certified materials for credible sustainability claims, simplifying compliance with regulatory and market requirements [5][6] - The successful certification process demonstrates the applicability of the ISCC framework to new material categories, enhancing traceability and sustainability assurance in industrial materials [6]