President Donald Trump hailed an appeals court ruling keeping his tariffs in place temporarily as a “great and important win” Wednesday morning. https://t.co/4kDtxa2Zni https://t.co/4kDtxa2Zni ...

Trade Policy Disruption - The report highlights a significant and disruptive trade action taken on April 2nd, characterized as an attempt to break through the established world trading system [1] - This action involved the imposition of large-scale tariffs, violating numerous WTO rules and existing trade agreements [1] - The tariffs were described as "big, bold, and everywhere at once," indicating a comprehensive and immediate impact [1] Impact on International Relations - The action is portrayed as a departure from traditional trade negotiation and reform efforts [1] - It is characterized as a sweeping disruption of the way the world trading system operates [1]

Drew Bates, former spokesman for President Joe Biden, and Terry Holt, former spokesperson for President George W. Bush. Both are senior communications adviserss for the cost coalition.That's good. Now, I didn't I didn't this is when you live television. I didn't read that tease before I sat down today.I about you know this being a distraction. Is it a distraction or are they just really good multitaskers at some very nefarious things. The way I see it is if you look back at Trump's history, this is somebody ...

Donald Trump’s protectionism has ushered in an era of tit for tat tariffs which have sent global stocks plummeting. With the US no longer the reliable trade partner it once was, and major multinational businesses heavily impacted by deglobalizing forces, which geographies, sectors and asset classes are investors seeing opportunities in for smart returns? Bloomberg Invest in Hong Kong brings together leading investors, dealmakers, economists and money managers to discuss where we go next. Programming gets un ...

Monday's U.S.-China trade talks could be about a lot more than just tariffs. https://t.co/30o1lo5LSG ...

Group 1 - Booking Holdings has been one of the top performers in the market despite the focus on hot topics like AI, tariffs, inflation, and budget deficits [1] - The company is positioned to attract long-term investors by emphasizing qualitative attributes and fundamental pricing [2] Group 2 - The article aims to provide insights on companies with strong growth potential while managing downside risks [2] - There is a strategy to maintain a concentrated portfolio that avoids underperformers and maximizes exposure to high-performing stocks [2]

Company Overview - AbbVie has a strong leadership team with key executives including Jeff Stewart (EVP and Chief Commercialization Officer), Roopal Thakkar (EVP and R&D, Chief Scientific Officer), and Scott Reents (EVP and CFO) [1][2] Current Challenges - The company is experiencing some disruption due to external factors such as MFN (Most Favored Nation) policies and tariffs, which are impacting operational timelines [3][4] - There is an ongoing discussion about the level of disruption and the time it is taking to adapt to these changes, indicating that the company is actively involved in contingency planning [3][4]

Core Insights - Gilead Sciences is focused on executing its strategy to drive top-line growth while maintaining operational discipline and advancing its pipeline [2] Group 1: Company Operations - Gilead is managing its operations amidst changing macroeconomic conditions, including potential impacts from MFN, tariffs, and IRA [2] - The company has a small team dedicated to scenario planning to navigate the fluid market environment [2]

Financial Data and Key Metrics Changes - Revenues increased by 12% year over year to $267 million, slightly above the midpoint of guidance [8] - Non-GAAP gross margin was 53.5%, in line with guidance [21] - Non-GAAP EPS grew 70% year over year to $0.90, exceeding guidance [8][21] - Non-GAAP net income for Q3 was $35.3 million [21] - Cash and short-term investments decreased to approximately $421.4 million, down $174.7 million from the prior quarter [22] Business Line Data and Key Metrics Changes - Core IoT product sales increased 43% year over year to $68 million, driven by strong demand and new design wins [9][20] - Enterprise and automotive product revenues improved 14% year over year but decreased 3% sequentially, mainly due to softness in automotive [20] - Mobile product revenues decreased 4% sequentially and 18% year over year due to product shipments reaching end of life [20] Market Data and Key Metrics Changes - The revenue mix for Q3 was 25% core IoT, 58% enterprise and automotive, and 17% mobile products [20] - The company noted lean customer and channel inventories, indicating healthy demand trends [10] Company Strategy and Development Direction - The company is focused on technology innovation, market expansion, and operational excellence to position for long-term success [11] - The launch of new products, including Wi-Fi 7 devices and AI-native processors, aims to capture new market opportunities [12][14] - The company is investing in go-to-market initiatives and expanding its business development and sales teams [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the current demand trends and backlog levels, despite uncertainties related to tariffs [40][41] - The company anticipates June revenues to be approximately $280 million at the midpoint, reflecting continued growth [24] - Management highlighted the importance of monitoring macroeconomic conditions and their potential impact on future demand [24][41] Other Important Information - The company returned approximately $128 million to shareholders through share repurchases in the fiscal year [22] - The company is navigating challenges in the automotive sector but expects long-term growth from OLED screen adoption [18] Q&A Session Summary Question: What drove the strength in core IoT in both the quarter and the guide? - Management indicated that strong demand from existing products and the ramp of Wi-Fi 7 contributed to the growth, with expectations of an additional $10 million per quarter from the Broadcom acquisition [30][31] Question: Do you see incremental opportunities to win versus FPGA-based solutions? - Management noted a competitive advantage with lower cost and power-efficient solutions, enhancing user experience [32][34] Question: Has there been any impact from tariff-related macro concerns? - Management confirmed strong performance and healthy backlog levels, with ongoing monitoring of potential tariff impacts [40][41] Question: Can you discuss the Broadcom acquisition and its impact? - The acquisition is expected to open new market opportunities and enhance the company's long-term growth potential [54] Question: What is the competitive landscape for Wi-Fi 7 in IoT applications? - The company is the first to introduce Wi-Fi 7 for IoT, focusing on low power consumption and advanced processing techniques [59] Question: When will there be synchronized growth in end markets? - Management expects continued growth in core IoT, with enterprise and automotive markets showing potential for recovery [68]

Financial Data and Key Metrics Changes - The company reported Healthcare revenue of $371 million, reflecting a 10% growth on a constant currency basis, with operating margin expanding by 750 basis points [9][19] - Non-GAAP earnings per share (EPS) was $1.36, representing a 56% increase compared to the previous year [20] - The gross margin improved to 63.1%, an increase of 80 basis points year over year, while operating margin reached 28.8%, up 750 basis points year over year [20] Business Line Data and Key Metrics Changes - Consumable and service revenue grew by 8%, while capital equipment and other revenue surged by 32% [19] - The company shipped over 72,000 technology boards and monitors during the quarter, exceeding expectations due to strong core business performance [19] Market Data and Key Metrics Changes - The company anticipates revenue for fiscal 2025 to remain unchanged at a range of $1.5 billion to $1.53 billion, indicating an 8% to 11% constant currency growth compared to the prior year [21] - The impact of tariffs is projected to affect operating margins by 210 to 250 basis points and EPS by $0.45 to $0.50 [22][23] Company Strategy and Development Direction - The company aims to invest in its core Healthcare business to accelerate revenue growth beyond the long-standing target of 7% to 10% [13] - Plans include upgrading existing sensors and creating next-generation monitors with AI-based algorithms, leveraging leadership in pulse oximetry, and restructuring sales forces to be regionally focused [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong performance and ability to navigate macro uncertainties, highlighting the high recurring revenue and durable growth profile [16] - The CEO emphasized the commitment to innovation and the potential for improvement in commercial excellence [8][9] Other Important Information - The company announced the divestiture of its Consumer Audio business, Sound United, to refocus on its Professional Healthcare business [10][11] - A new Chief Human Resources Officer, Lisa Hellman, has joined the company to enhance culture and talent development [11] Q&A Session Summary Question: Impact of large tender on revenues and margins - Management clarified that excluding the large tender, the rest of the business is performing well, with double-digit growth in consumables and services [31][32] Question: Future sales expectations - Management indicated that Q2 is typically flat to slightly down sequentially, but they expect to maintain strong demand [35] Question: Long-term impact of tariffs on operating margins - Management remains optimistic about underlying business performance and expects to mitigate tariff impacts through various plans [45] Question: Valuation from the sale of Sound United - Management confirmed that the sale price was in line with expectations and that proceeds will primarily be used for share repurchases [49] Question: Hospital CapEx spending and OEM partners - Management noted strong underlying demand and low dependency on capital equipment, indicating no signs of softness in the market [54] Question: Mitigation options for tariffs - Management is evaluating near-term and long-term mitigation strategies, including altering product sourcing and pricing opportunities [59][60] Question: Changes in salesforce model - Management explained the shift to a generalist salesforce model to leverage broader knowledge across product categories, aiming for increased efficiency [88][89]