Welcome to your everyday treasure hunt for a better tomorrow. I wanted to start this talk with this invitation because it holds two things. It's a wish and a confession. It's the wish that we never ever stop wondering and that we never ever stop hunting the ever day treasures that lie in wondering.And it's a confession because not long ago I almost did when I started this talk preparing working on it. I started doing it like I did it almost every time in the manner of a good academic speech well prepared we ...

RT Dave Ripley (@DavidLRipley)@CynthiaMLummis, a true legend in crypto policyThank you for your leadership on behalf of the crypto industry. It has been a privilege to work with you and learn from your approach to digital asset policy, one that values technical understanding, innovation, and people over headlines.Your willingness to engage directly with builders and operators helped set a standard for how policy and innovation can move forward.I look forward to continuing to work with you to get market stru ...

BREAKING: @jpmorgan's Scott Lewis says Solana is playing a real role in bringing ingenuinity and innovation to capital markets 🔥 https://t.co/Faa22DmQXJ ...

The show is now live! Give it a watch.https://t.co/AomiBr53nuHorizon (@JoinHorizon):"The four-year cycle is still alive because humans are going to human." – @MarkYusko– Why innovation is the most important asset class– How the Fed engineered the K-shaped economy– Bitcoin’s four-year cycle & its path to $1MWatch the latest episode of Over The Horizon ↓ https://t.co/0JOz9QF2I6 ...

Jamie Dimon is no US culture warrior taking wild potshots at Europe. His critique of EU bureaucracy, fragmentation and innovation is the same as Mario Draghi's, writes @LionelRLaurent (via @opinion) https://t.co/1SNbcyM3JS ...

In the coming year, innovation and entrepreneurship will continue to suffer as a consequence of Donald Trump’s funding cuts and immigration restrictions. We explain how in The World Ahead https://t.co/E1P3HJ2tie ...

🇺🇸 TRUMP: "Fragmented AI regulation across 50 states would kill innovation, will issue an executive order to establish one federal standard." https://t.co/gYCUDeMKsC ...

Financial Data and Key Metrics Changes - The company reported a sequential acceleration in comparable net sales growth, with a projected top line growth of 4% on a reported basis and about 5.5% comparable growth year over year [40][68] - The second quarter segment profit margin in coffee was 18.2%, with expectations for slight improvement in the third quarter but not surpassing 20% [37] Business Line Data and Key Metrics Changes - Organic sales in the sweet baked snacks segment exceeded expectations, with improved performance noted in convenience stores and a focus on a more streamlined portfolio [7][20] - The sweet baked snacks bottom line did not meet expectations due to costs absorbed during the transition of the bakery network, but improvements are anticipated in the third and fourth quarters [20][21] - The pet portfolio is expected to see low single-digit growth in the third and fourth quarters, driven by brands like Milk-Bone and Meow Mix [25][24] Market Data and Key Metrics Changes - The company anticipates a strong lap in the third quarter for the pet treats category, particularly for Milk-Bone, which is expected to return to growth [22] - The frozen handheld and spreads segment is projected to see a reduction in net sales expectations by over $80 million for the full year, primarily driven by the spreads portfolio [27][28] Company Strategy and Development Direction - The company is committed to investing in the long-term health of its brands, with marketing dollars projected to increase year-over-year, maintaining about 5.5% of net sales [18] - A three-pronged plan to strengthen the portfolio by eliminating 25% of SKUs has been implemented, leading to improved performance in core brands [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver financial outlook for the fiscal year while advancing long-term objectives to increase shareholder value [70] - The company expects to benefit from a tariff-off environment in fiscal 2027, which should provide a tailwind to the coffee portfolio [42][43] Other Important Information - The company is on track to generate $975 million in free cash flow this fiscal year, supporting $500 million in debt repayment [62] - The pace of innovation across various product lines has accelerated, with notable advancements in Uncrustables and pet snacks [61] Q&A Session Summary Question: Insights on sweet baked goods performance - Management noted that the improvement in sweet baked snacks is sustainable, with a focus on core brands and a successful relaunch of Susie Q's [7] Question: Impact of tariffs on coffee pricing - The majority of the $0.50 tariff impact is related to green coffee tariffs, which will be a tailwind in fiscal 2027 [10][16] Question: SG&A guidance and marketing plans - Marketing investments will increase year-over-year, with a focus on growth brands while managing discretionary spending [18] Question: Profit results in sweet baked snacks - The second quarter's bottom line for sweet baked snacks did not meet expectations due to transition costs, but improvements are expected in subsequent quarters [20] Question: Expectations for pet treats in the back half - Management anticipates strong growth for Milk-Bone in the third quarter, supported by marketing efforts and innovation [22][24] Question: Reduced net sales expectation for frozen handheld and spreads - The reduction is primarily driven by the spreads portfolio, with Uncrustables still on track for significant growth [27][28] Question: Coffee margin expectations - Coffee margins are expected to improve slightly in the third quarter but will not exceed 20%, with a target of over 20% in the fourth quarter [37] Question: Elasticity and pricing in coffee - The current outlook for the coffee portfolio includes 16% year-over-year growth, with pricing offset by a decline in volume mix [45] Question: Innovation pace and its impact - The pace of innovation has accelerated, with significant contributions from new products across various categories [61]

Well, thank you for the delightful introduction. Today we are talking about something that is both futuristic and timeless. something that existed even before we had a word for it.We are talking about innovation. Now, some of you might think, great, I've heard this a thousand times before. And you might be right.That's why we decided to challenge you because at the end of this talk, you might have a whole new perspective on the topic. Or you might just ask yourselves, what the hell did I just witness. Eithe ...

Core Points - CN celebrated the 30th anniversary of its Initial Public Offering (IPO) on November 17, 2025, which raised C$2.25 billion, marking it as the largest IPO in Canadian history at that time [1][2] - The privatization of CN in 1995 transformed it into a leading transportation and trade-enabling company, significantly contributing to the economy and North American supply chains [2][4] - Senior executives, including the Chair of the Board and the CEO, commemorated the anniversary by ringing the Opening Bell at the Toronto Stock Exchange and the Closing Bell at the New York Stock Exchange [3] Company Overview - Founded in 1919, CN is the largest and oldest Crown Corporation in Canada, with a nearly 20,000-mile rail network that facilitates the transportation of over 300 million tons of goods annually [2][5] - CN connects Canada's Eastern and Western coasts with the U.S. Midwest and Gulf Coast, playing a vital role in sustainable trade and community prosperity [5] - The company has developed a robust three-coast network over the past three decades, enabling long-term sustainable economic growth in North America and globally [4]