Core Viewpoint - An adviser to the Court of Justice of the European Union supports Meta Platforms' challenge against EU antitrust demands for information related to Facebook, suggesting that the court should dismiss Meta's appeals and uphold previous judgments [1]. Group 1: Legal Proceedings - The case involves two appeals by Meta Platforms regarding EU demands for information during investigations into Facebook's operations, specifically concerning Facebook Marketplace and Facebook Data [1]. - Advocate General Athanasios Rantos stated that the General Court did not err in its legal assessment regarding the necessity of the requested information and the safeguards for its provision [1]. Group 2: Implications for Meta - The ruling from the Court of Justice is expected in the coming months, and judges typically follow the recommendations of the Advocate General [1].

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Siemens Energy should not 'squander' wind division, investor Deka says February 26, 20269:01 AM UTCUpdated ago By Reuters A logo is seen at Siemens Energy's site in Muelheim an der Ruhr, Germany, August 3, 2022. REUTERS/Wolfgang Rattay/File Photo Purchase Licensing Rights, opens new tab FRANKFURT, Feb 26 (Reuters) - Siemens Energy should not sell its wind division below value, a top-20 shareho ...

The surge in electricity demand in the world’s AI hotspots has prompted a comparable surge in the demand for reliable supply. That surge was not expected. There are not enough gas turbines to secure that supply. This means the AI revolution would either have to slow down, or the grid would have to increase its reliance on coal. Natural gas has in recent years been marketed as a so-called bridge fuel between coal and oil, on the one hand, and wind and solar, on the other. When it became clear that “bridg ...

We recently published 10 Stocks Winning the Market. Fermi Inc. (NASDAQ:FRMI) was one of the best performers on Tuesday. Fermi jumped by 11.92 percent on Tuesday to close at $10.05 apiece after an investment firm reaffirmed its bullish stance for the stock. In its coverage, Berenberg lowered its price target for Fermi Inc. (NASDAQ:FRMI) to $35 from $37 previously, but maintained a “buy” recommendation. The new figure marked a 248 percent upside potential from its latest closing price. The rally came des ...

Core Insights - Oklo is a pre-revenue company focused on advanced fission technology and nuclear fuel recycling, presenting both significant risks and potential upside for investors [1][3] Company Overview - Oklo is developing advanced fission reactors known as Aurora powerhouses to address the increasing energy demands of data centers and industries such as defense and manufacturing [2][3] - The company currently has a market capitalization of $11 billion and is trading at approximately $63.83 per share, reflecting a significant premium due to investor optimism rather than current revenue [2][4] Partnerships and Agreements - Oklo has established binding agreements with major companies, including Meta Platforms, Siemens Energy, and Liberty Energy, which are expected to convert into revenue once the technology is deployed [3][5] - The company anticipates deploying its first reactors in 2027, contingent upon receiving licensing approval from the U.S. Nuclear Regulatory Commission (NRC) [3][7] Stock Performance and Valuation - The stock has experienced substantial volatility, with a peak increase of over 700% in 2025, ending the year up nearly 240%, indicating that the valuation is driven by optimism rather than fundamentals [4][5] - As of February 19, the stock price has retreated from its 52-week high of $193, currently trading around $65 per share [5] Market Demand and Future Prospects - There is a growing demand for Oklo's reactors, particularly in light of the increasing power needs associated with AI technologies [7] - If Oklo receives the necessary approvals and successfully deploys its reactors by 2027, it could lead to substantial revenue growth and new stock highs [8]

Market Performance - European stocks closed positively, with the pan-European Stoxx 600 up by 1.19%, the UK's FTSE 100 climbing 1.23%, Germany's DAX gaining 1.12%, and France's CAC 40 ending 0.81% higher [1][3]. - Defense stocks rose due to an agreement between India and France to strengthen defense and aerospace ties [2]. - Mining and banking sectors also saw significant gains, with notable performances from companies like Antofagasta, which soared nearly 11% [4]. Company Updates - BAE Systems reported a better-than-expected 12% rise in full-year operating profit, leading to a 4% increase in its shares [4]. - In Germany, Rheinmetall climbed more than 5%, and Heidelberg Materials gained about 4.3% [5]. - Bayer's shares fell over 7% due to a proposed $10.5 billion settlement related to litigation over its Roundup weedkiller [6]. Sector Performance - In the UK market, mining companies such as Fresnillo, Anglo American Plc, and Glencore gained between 4.25% and 4.8% [4]. - In France, companies like Thales, ArcelorMittal, and STMicroelectronics saw gains of 2%-5% [7]. - Notable declines were observed in food retailer Carrefour, which slid more than 5% after reporting a decline in operating profit [8]. Economic Indicators - France's inflation eased to the lowest in five years, with the consumer price index rising only 0.3% year-on-year in January [9]. - The EU harmonized inflation softened to 0.4% from 0.7% in December, marking the weakest rate since December 2020 [10]. - In the UK, the consumer price index posted an annual increase of 3% in January, the lowest since March 2025 [12].

Market Overview - European stocks closed mostly higher, with the pan-European Stoxx 600 gaining 0.45% and the U.K.'s FTSE 100 climbing 0.79% [2] - Investors are optimistic about potential monetary easing from central banks, particularly the Bank of England, amid rising unemployment rates in the UK [1][9] Sector Performance - Defense stocks showed weakness due to hopes of de-escalation in U.S.-Iran tensions [3] - In the UK market, several companies such as Coca-Cola Europacific Partners, Barratt Redrow, and AstraZeneca saw gains between 2% and 3.5% [3] - Conversely, miners like Endeavour Mining and Antofagasta fell between 2% and 4% [4] Notable Company Movements - GSK's shares rose over 2.5% following the announcement of a £2 billion share buyback program [3] - Bayer in Germany soared more than 8%, while other companies like Vonovia and Infineon gained approximately 4% and 3.25% respectively [4] - In France, Dassault Systemes climbed about 4%, with other firms like Unibail Rodamco and AXA gaining 2%-3% [6] Economic Indicators - German consumer price inflation rebounded to 2.1% in January, influenced by higher food and services costs [7] - The UK's jobless rate increased to 5.2% in the fourth quarter, with average earnings growth at 4.2%, below expectations [9]

Core Viewpoint - Fermi Inc. (NASDAQ:FRMI) is experiencing significant progress in its 11-gigawatt Project Matador, leading to a notable increase in share prices and successful fundraising efforts [1][4]. Group 1: Share Price Performance - Fermi's share prices increased by 11.12 percent, closing at $10.29, driven by investor optimism regarding Project Matador [1]. Group 2: Project Development - Fermi, in collaboration with Hyundai Engineering & Construction Co. Ltd., has commenced Front-End Engineering Design activities, which include site layout planning and cooling system evaluations [2]. - The company aims to deliver an initial 2.3 GW of power as part of the Project Matador development [4]. Group 3: Fundraising and Financial Strategy - Fermi successfully raised $500 million through debt financing from MUFG Bank Ltd., which will support the development of Project Matador [4]. - A significant portion of the funds will be allocated for acquiring three F-class gas turbines from Siemens Energy, with the remainder used for loan repayments and turbine deployment [5]. - CEO Toby Neugebauer emphasized that this financing strengthens the company's strategy by securing long-lead equipment early and ensuring execution certainty [5].

ANNOUNCER: NEWSMAKERS AND MARKET MOVERS. THIS IS "THE PULSE" WITH FRANCINE LACQUA. FRANCINE: GOOD MORNING, EVERYONE, WELCOME TO "THE PULSE." I’M FRANCINE LACQUA IN LONDON.THE REPUBLICAN LED U.S. HOUSE HAS PASSED LEGISLATION AIMED AT ENDING PRESIDENT TRUMP’S TARIFFS ON CANADA. THE VOTE SIGNALS GROWING ANXIETY OVER THE ECONOMIC AGENDA BEFORE MIDTERM ELECTIONS FOCUSED HEAVILY ON AFFORDABILITY. TRUMP IS ALMOST CERTAIN TO VETO ANY BILL CALLING FOR A REPEAL OF TARIFFS.WE’RE BOUND BY BRENDAN MURRAY, THE MAN WHO NE ...

Core Viewpoint - Russia is preparing to send crude oil and fuel to Cuba as the island faces a severe fuel shortage due to U.S. actions aimed at cutting off its oil supply [1] Group 1: Supply Situation - The last oil supply from Russia to Cuba occurred in February 2025, involving a delivery of 100,000 metric tons [1] - Cuba has warned international airlines that jet fuel is no longer available, indicating a critical fuel situation on the island [1] Group 2: Geopolitical Context - The U.S. has moved to block oil exports from Venezuela, which has historically been a key supplier of jet fuel to Cuba [1] - Russia has expressed solidarity with Cuba and Venezuela, criticizing U.S. attempts to "suffocate" Cuba's economy and pledging to act against any military intervention [1] Group 3: Humanitarian Aid - The Russian embassy in Cuba stated that the upcoming supply of crude and oil products would be provided as humanitarian aid [1] - Russia has announced plans to suspend flights to Cuba after the departure of Russian tourists from the island [1]