Core Viewpoint - Foxconn Interconnect Technology (FIT) is set to begin construction of its first manufacturing base in the Middle East in December, focusing on the production of electric vehicle chargers [1] Company Summary - The joint venture in Saudi Arabia represents FIT's strategic expansion into the electric vehicle market, aligning with global trends towards sustainable energy solutions [1] - The manufacturing base will enhance FIT's capabilities in the region, potentially increasing its market share in the growing electric vehicle infrastructure sector [1] Industry Summary - The establishment of manufacturing facilities for electric vehicle chargers is indicative of the increasing demand for electric vehicles and related infrastructure [1] - This move is part of a broader trend in the automotive industry, where companies are investing in technologies that support electric mobility [1]

The Swiss Senate has turned down a proposal that would have mandated parliamentary review of all new capital regulations for UBS, Reuters has reported. This outcome allows the government to directly move ahead with measures that could potentially raise UBS's core capital requirements by around $9bn. In June, the government outlined a strategy aimed at minimising the bank's risk exposure, which included a directive that UBS would no longer be permitted to include software and deferred tax assets in its co ...

After two years invested in Resources Connection, a downward spiral in value leaves it looking more like a value trap than an opportunity. Lucian3D/iStock via Getty ImagesRyan Messick brings an analytical and fundamentally-driven approach to value investing, prioritizing companies with a strong margin of safety and growth catalysts. He models his approach on the legendary Benjamin Graham, updating his strategies for modern times while still using the core principles Graham taught. Other influences on Ryan's ...

Core Viewpoint - UniCredit has utilized up to 7.5 billion euros ($9 billion) of capital beyond its targeted threshold to support its expansion strategy focused on acquiring stakes in rival companies [1] Group 1 - The capital used by UniCredit for its expansion strategy is significant, indicating a strong commitment to growth through acquisitions [1] - The strategy involves building stakes in rival firms, which suggests a competitive approach to enhance market position [1]

Quantexa, a data and analytics software firm, introduced a product on Wednesday that’s intended to help smaller financial institutions fight crypto-powered crime in the U.S. The London-based company is now offering a cloud-based, anti-money laundering (AML) solution through Microsoft’s cloud computing platform, which is “designed specifically for U.S. mid-size and community banks,” according to a press release. Quantexa said the pre-packaged product allows teams investigating financial crimes to make faster ...

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Core Insights - GXO Logistics and Greene King have achieved significant sustainability milestones through their partnership, focusing on fleet decarbonisation, waste reduction, and community impact [1][2] Decarbonisation Efforts - Since 2019, GXO and Greene King have successfully reduced carbon intensity (gCO2e/km) through technology and behavioral changes, including trials of biodiesel, HVO, and electric vehicles, which can reduce emissions by up to 90% compared to diesel [3] Waste Reduction and Recycling - The partnership has effectively utilized GXO's reverse logistics capabilities, resulting in the elimination of over 160,000 journeys annually and recycling over 16,000 tonnes of waste in 2024 [1][4] - In 2024, Greene King expanded its recycling initiatives to include ink cartridges, batteries, correx boards, and crushed glass in London [4] Community Support - Over 90% of excess food at depots was donated to charities, leading to an estimated 240,000 meals donated in 2024 [5] - The Tub2Pub campaign collected over 240,000 confectionery tubs, raising more than £10,000 for Macmillan Cancer Support, with recycled plastic repurposed into furniture [8] Operational Efficiency - A structured driver performance management system improved fuel efficiency (MPG) by over 10% in 2024, while investments in Eco Drive hydro-electric refrigeration technology reduced fuel use by 2-4% since 2022 [6] - Energy consumption during deliveries was cut by up to 50% through the installation of strip and air curtains in refrigerated trailers [6] Material Recycling - The partnership has recycled significant quantities of materials, including over 2.7 million litres of used cooking oil, more than 4,000 tonnes of cardboard, 250+ tonnes of metal, 55+ tonnes of plastic, and 9,000+ tonnes of food waste sent to anaerobic digestion [7]

Core Insights - Arcutis Biotherapeutics is presenting new data on ZORYVE (roflumilast) efficacy for seborrheic dermatitis, atopic dermatitis, and psoriasis at the EADV Congress in Paris from September 17-20, 2025 [1] Efficacy of ZORYVE - ZORYVE foam 0.3% shows significant improvement in seborrheic dermatitis, with an Investigator Global Assessment (IGA) Success rate of 79.5% compared to 58.0% for the vehicle at Week 8 [5] - The treatment is effective across diverse populations, with similar efficacy observed among different races and ethnicities [5] - ZORYVE cream 0.05% demonstrates improved quality of life and reduced family impact in children aged 2-5 years with atopic dermatitis [4][6] - Both ZORYVE cream 0.3% and foam 0.3% improve signs and symptoms of plaque psoriasis in individuals with facial and/or genital involvement [7] Safety and Tolerability - ZORYVE foam 0.3% is well tolerated, with improvements in hypopigmentation and hyperpigmentation observed across all subgroups [5] - The treatment has shown minimal irritation at the application site in children, indicating good tolerability [6] Product Information - ZORYVE is the leading prescribed topical therapy for atopic dermatitis, seborrheic dermatitis, and plaque psoriasis [10] - The product is a selective phosphodiesterase-4 (PDE4) inhibitor, targeting inflammatory mediators [10] - ZORYVE cream 0.3% and foam 0.3% are FDA-approved for various age groups, with specific indications for plaque psoriasis and seborrheic dermatitis [11][12][13] Company Commitment - Arcutis Biotherapeutics emphasizes its commitment to advancing innovative therapies for inflammatory skin diseases, aiming to improve patient lives [9][17]

The valuation is based on recent transaction benchmarks and central rights rather than the sum of individual team values. “With the tenth team onboard, the league is now valued at close to Rs 500 crore,” said Tuhin Mishra, co-founder of PVL and Baseline Ventures. “Teams are valued between Rs 50–70 crore depending on performance and sponsorships.”Mishra said earlier projections of $90 million were “aspirational,” while actual deals were “closer to Rs 400–500 crore.” “Valuations were around Rs 400 crore when ...

Core Insights - The article emphasizes three companies—Waste Management, Intuitive Surgical, and Marriott International—as strong candidates for long-term investment due to their competitive advantages and stable cash flows [2][3]. Waste Management - Waste Management (WM) reported second-quarter revenue of approximately $6.4 billion, reflecting a 19% year-over-year increase, driven by solid performance in core operations and contributions from a healthcare disposal acquisition [5]. - The legacy disposal business saw a revenue increase of 7.1% year over year, indicating robust growth even without acquisitions [5]. - WM's management projects full-year free cash flow between $2.8 billion and $2.9 billion, significantly up from an initial guidance of $125 million, supporting dividends and buybacks while allowing for growth investments [6]. - The company's scale, route density, and long-term contracts create a competitive moat that is difficult for new entrants to penetrate [6]. Intuitive Surgical - Intuitive Surgical reported second-quarter revenue of about $2.44 billion, a 21% year-over-year increase, driven by higher placements of da Vinci systems and increased procedure volumes [9]. - The installed base of da Vinci systems grew at a double-digit rate, and management expects procedure growth of approximately 15.5% to 17% in 2025 [9][10]. - The company has a strong balance sheet with significant cash reserves and no debt, enhancing its resilience [12]. - Intuitive Surgical's price-to-earnings ratio is around 61, indicating that much of the potential upside is already reflected in the stock price [11]. Marriott International - Marriott International's second-quarter revenue per available room (RevPAR) increased by 1.5% year over year, with international markets growing by 5.3% [13]. - Non-GAAP earnings per share rose to $2.65, up from $2.50 in the previous year, and adjusted EBITDA reached approximately $1.4 billion, a 7% increase year over year [13]. - The company repurchased about $0.7 billion of stock during the quarter and has returned approximately $2.1 billion year to date through dividends and buybacks [13]. - Marriott's asset-light model, focusing on franchising and management rather than ownership, allows for low capital needs and strong cash conversion [14].