Well, let's stick with the Fed ahead of tomorrow's rate decision. Jonathan Pink of UBS writing We expect a large majority of FOMC members to support a 25 basis point rate cut. Expect few changes to the DOT plot and no change to median assumption of appropriate policy.Jonathan joins us now. Good morning, Jonathan. Thanks for being here. Thanks for having me.So let's just start with a question of what you expect to learn tomorrow if you don't think we're going to get any adjustments. Well, I think we are goin ...

Core Insights - AT&T's Chairman and CEO, John Stankey, will discuss the company's multi-year growth strategy at the UBS Global Media & Communications Conference [2] Group 1: Growth Strategy and Network Development - AT&T is focused on becoming America's leading advanced connectivity provider through a differentiated investment-led strategy [3] - The company is modernizing its network by deploying mid-band spectrum acquired from EchoStar, which will enhance speed and capacity for customers in over 5,300 cities across 48 states [3] - AT&T plans to accelerate its fiber reach, aiming for over 60 million total fiber locations by the end of 2030, supported by the acquisition of Lumen's Mass Markets fiber internet connectivity business [4] Group 2: Financial Performance and Guidance - AT&T is on track to meet its 2025 financial guidance, including $4 billion in share repurchases for 2025 and an expected $20 billion in share repurchase capacity from 2025 to 2027 [6][9] - The company anticipates solid customer demand and expects higher subscriber net additions for its fiber and Mobility services in the second half of 2025 compared to the first half [7][8] - AT&T expects its net debt-to-adjusted EBITDA ratio to return to the target range of 2.5x within approximately three years after closing the EchoStar spectrum purchase [10]

Core Insights - Oklo Inc. (NYSE:OKLO) experienced a significant share price increase of 14.54% from November 28 to December 5, 2025, making it one of the top-performing energy stocks during that week [1] Company Developments - Oklo Inc. is backed by OpenAI's Sam Altman and focuses on developing advanced fission power plants aimed at providing clean, reliable, and affordable energy in the U.S. The company is recognized for its Aurora small modular reactor (SMR), positioning it at the forefront of nuclear technology [2] - On December 2, 2025, Oklo's stock price surged following the U.S. Department of Energy's announcement of a grant of up to $800 million to support the development of SMRs, with the Tennessee Valley Authority (TVA) and Holtec receiving up to $400 million each for their respective projects [3] - The development of SMRs represents a significant advancement for domestic nuclear technology under the Trump administration, especially in comparison to progress in countries like China and Russia [4] Analyst Ratings - On December 3, 2025, UBS analyst Jon Windham raised Oklo's price target from $65 to $95 while maintaining a 'Neutral' rating. Subsequently, on December 5, Needham initiated coverage with a 'Buy' rating and a price target of $135, citing the company's favorable regulatory position and diversified fuel strategy [5]

RT hanniabu.eth (Ξ, α) (@hanni_abu)Finally caught up updates for https://t.co/HdChAgO8n8, let's take a look at who's been building on Ethereum the past 3 months:American Express - Amex PassportAmundi/CACEIS - AMUNDI FUNDS CASH EUR FundBhutan - ETH StakingBlue Origin - ETH PaymentsBhutan - National Digital Identity (NDI)BNY Mellon - AAA CLO FundChina Merchants Bank (CMBI) - ETH Trading ServicesFidelity - FDIT TokenFirst Abu Dhabi Bank / IHC / ADQ - Dirham StablecoinGoogle - Agent Payments Protocol (AP2)IHC - ...

Group 1: UBS Workforce Reductions - UBS Group AG plans to cut up to 10,000 employees globally by 2027, which could affect approximately 9% of its workforce of about 110,000 as of the end of 2024 [1][11] - Since acquiring Credit Suisse in 2023, UBS has already eliminated around 15,000 positions, primarily due to overlapping roles from the merger [2][11] - The bank's workforce reduction may accelerate depending on the integration progress of Credit Suisse, aimed at improving operational efficiency and removing redundant positions [2][5] Group 2: Operational Streamlining - UBS is making significant progress in cost reductions and streamlining operations, including branch consolidations and client account migrations, with over 90% of Credit Suisse's Wealth Management accounts migrated in key markets [3][5] - The company's risk-weighted assets in the Non-Core and Legacy division have decreased by 64% by the end of Q3 2025, with targets to fall below $8 billion by year-end and $4 billion by 2026 [4] - UBS has achieved $10 billion in gross savings since 2022, representing approximately 77% of its $13 billion exit-rate savings target for 2026 [4] Group 3: Industry Context - Other financial firms are also implementing workforce reductions; for instance, BlackRock announced plans to cut 300 jobs, and Citigroup plans to reduce approximately 3,500 jobs as part of broader global overhauls [6][8] - These reductions across the industry aim to streamline operations, optimize resources, and improve profitability while integrating recent acquisitions [7][9] Group 4: UBS Performance - Over the past six months, UBS shares have increased by 23.4%, outperforming the industry's growth of 20.4% [10]

Core Insights - NuScale Power's stock has experienced a significant decline, dropping 55.4% in November 2025, following a peak increase of 200% earlier in the year, resulting in a year-to-date gain of only 19% [1][4] Company Overview - NuScale Power is focused on developing small modular reactors (SMRs) known as VOYGR, utilizing its core technology, the NuScale Power Module (NPM), which can generate 77 Mwe each and is scalable up to 12 NPMs per plant [3] - The company is still in the start-up phase and has not yet commercialized its technology, with current revenue primarily from engineering services provided to RoPower in Romania [5] Financial Performance - In the third quarter, NuScale reported a net loss of $273 million against $8 million in revenue, which led to a decline in stock price after missing Wall Street estimates [6] - The company raised $475 million by issuing shares during the same quarter, indicating ongoing fundraising needs [6] Market Reactions - Following the disappointing financial results, several analysts reduced their price targets for NuScale Power, with UBS notably lowering its target from $38 to $20 per share due to project delays and potential stock dilution concerns [7] Strategic Partnerships - NuScale Power has an exclusive partnership with ENTRA1 Energy to commercialize its SMR technology globally, which is critical for sharing financial and execution responsibilities [8] - ENTRA1 Energy has secured a contract to deploy up to 6 gigawatts of nuclear power capacity across seven states in the U.S., utilizing NuScale's SMRs, and could receive up to $25 billion in funding under the U.S.-Japan Framework Agreement [8] Shareholder Dynamics - Fluor, NuScale Power's largest shareholder, plans to sell its stake in the company by 2026, which may impact investor sentiment and stock performance [9]

Tokenization is an $867 trillion opportunity.Only one platform has been adopted by Swift, Euroclear, UBS, Mastercard, and other leaders to power tokenization use cases—all in the past 12 months. ...

Core Points - UBS may reduce its workforce by an additional 10,000 jobs by 2027 according to a report from Swiss paper SonntagsBlick [1]

Core Viewpoint - The Swiss government is planning to ease certain aspects of a banking regulation package that may require UBS to increase its capital by up to $24 billion [1] Group 1 - The regulation changes are expected to alleviate the financial burden on UBS, which could have significant implications for its capital structure [1] - The potential capital requirement of $24 billion indicates the scale of the regulatory impact on UBS [1]

chainlink reserve crossed 1m link and 81k link accumulated in one day through payment abstraction. jp morgan, figure's $19b platform, ubs all pay in usd that auto-converts to link and goes straight to the reserve. structural demand without needing retail buyers. grayscale launched the first oracle etf pulling $41m day one. the infrastructure tax on $500 trillion in tradfi assets moving on-chain. ...