Key Takeaways WHD completed the acquisition of a 65% stake in the SPC business, creating a new JV with BKR.Cactus paid $344.5M to BKR based on a $530M enterprise value.After two years, WHD can buy the remaining 35% stake or Baker Hughes may require Cactus to do the same.On Jan 2, 2025, Cactus, Inc. (WHD) announced that it completed the acquisition of a 65% stake in the Surface Pressure Control (SPC) business of Baker Hughes Company (BKR) , with BKR retaining just 35%, forming a new joint venture (JV).The de ...

U.S. stock futures were mostly lower this morning, with the Nasdaq 100 futures slipping around 0.1% on Wednesday.Shares of SeaStar Medical Holding Corp (NASDAQ:ICU) fell sharply in pre-market trading after the company announced a 1-for-10 reverse split.SeaStar Medical Holding shares dipped 9.5% to $0.21 in pre-market trading.Here are some other stocks moving lower in pre-market trading.Coincheck Group NV (NASDAQ:CNCK) dipped 11% to $2.28 in pre-market trading.Ascent Solar Technologies, Inc. (NASDAQ:ASTI) di ...

Core Insights - Starbucks has announced a joint venture with Boyu Capital to operate its retail business in China, marking a significant step in its growth strategy in one of its most important markets [2][5] - Boyu will hold up to a 60% interest in the joint venture, while Starbucks retains a 40% interest and continues to own the brand and intellectual property [3][8] - The total value of Starbucks' retail business in China is expected to exceed $13 billion, derived from the sale of the controlling interest, the retained interest value, and ongoing licensing revenues [4][8] Joint Venture Details - The joint venture will be headquartered in Shanghai and aims to expand from the current 8,000 Starbucks locations to as many as 20,000 [6] - The partnership combines Starbucks' global brand and expertise with Boyu's local market knowledge to enhance customer experience and drive innovation [5][7] Financial Performance - For the quarter ended September 28, 2025, Starbucks reported net revenues of $831.6 million, a 6% increase from the previous year [9] - Comparable store sales increased by 2%, with a 9% rise in transactions, although the average ticket size decreased by 7% [9]

Core Insights - Starbucks has announced a strategic partnership with Boyu Capital to establish a joint venture for its retail operations in China, with Boyu holding up to 60% equity and Starbucks retaining 40% [1] - The enterprise value of the joint venture is approximately $4 billion, excluding cash and debt, and Starbucks expects the total value of its retail business in China to exceed $13 billion [1] - The joint venture aims to expand Starbucks' store count in China from 8,000 to 20,000 in the future [1] Company Strategy - The joint venture will be headquartered in Shanghai and will manage the existing Starbucks stores across China [1] - Starbucks CEO Brian Niccol emphasized that Boyu's local market expertise will accelerate Starbucks' expansion, particularly in smaller cities and emerging regions [1] - The partnership aims to enhance customer experience and employee engagement while driving growth in the Chinese market [1] Market Potential - Boyu Capital recognizes the strong brand image Starbucks has built over 26 years in China and sees opportunities for more innovative and localized experiences for Chinese consumers [1] - Starbucks' current healthy growth momentum in China is expected to be further enhanced by this collaboration, which will also create broader career development opportunities for its employees [1] - The partnership reflects Starbucks' commitment to a new phase of development in the Chinese market [1]

Group 1 - The CEO of Delta Air Lines, Ed Bastian, stated that the impact of the U.S. government shutdown on the company's operations is "minimal," with daily losses of less than $1 million [1] - A more significant concern is the shortage of airport security personnel, with Bastian emphasizing the importance of the Transportation Security Administration (TSA) ensuring adequate staffing at checkpoints [1] - Approximately 13,000 air traffic controllers and about 50,000 TSA employees are required to work without pay during the government shutdown, missing their first full paycheck on Tuesday [1] Group 2 - Delta Air Lines is currently in a dispute with the U.S. government regarding a nearly nine-year joint venture with Aeromexico, which the U.S. Department of Transportation has ordered to terminate by January 1 due to competitive concerns [1] - Bastian opposed the dissolution of the joint venture, asserting that it is not the correct strategy and that the company must protect its long-term interests [1] - The joint venture has created synergies for both airlines by coordinating flight schedules, pricing, and capacity between the U.S. and Mexico [1]

Core Viewpoint - Intel has been in discussions with TSMC regarding potential investment or partnership opportunities, but TSMC has denied any current talks about joint ventures or technology transfers [1][1][1] Group 1: Intel's Engagement with TSMC - Intel has reportedly reached out to TSMC to discuss investment in production or partnership matters [1] - TSMC's Chairman and CEO, C.C. Wei, reiterated that the company has not engaged in discussions with any other firms regarding joint ventures, technology licensing, or technology transfers [1] - There have been multiple market rumors about a potential joint venture between TSMC and Intel, but TSMC has consistently denied these claims [1] Group 2: Intel's Recent Investments - Intel has recently secured investments from the U.S. government, SoftBank, and NVIDIA, indicating strong financial backing for its initiatives [1]

Core Viewpoint - The article emphasizes the importance of timely and professional information analysis in investment decision-making, particularly focusing on significant events, industry chain companies, and key policy interpretations [1]. Group 1: Company Insights - The company has established a joint venture with overseas giants in the diesel generator sector, indicating a strategic move to enhance its market presence [1]. - The company has previously participated in major data center projects for Tencent, Baidu, and Alibaba, showcasing its experience and capability in handling large-scale projects [1]. - The diesel generators produced by the company are widely utilized in data centers and communication sectors, highlighting their relevance in critical infrastructure [1]. Group 2: Industry Trends - The article points out the growing demand for diesel generators in the data center market, driven by the expansion of digital infrastructure globally [1]. - The collaboration with international partners suggests a trend towards consolidation and cooperation in the energy and data center industries, which may lead to increased efficiency and innovation [1].

Core Viewpoint - The United States and Japan are establishing a joint venture in Alaska, focusing on a liquefied natural gas agreement [1] Group 1 - The joint venture signifies a strengthening of energy collaboration between the U.S. and Japan [1] - The agreement on liquefied natural gas is expected to enhance energy security for both nations [1]

Core Viewpoint - The potential extension of the TikTok sale deadline by President Trump indicates uncertainty regarding the completion of the transaction before the April 5 deadline, with a possibility of a 90-day extension if evidence of progress is shown [1][2]. Group 1 - President Trump expressed interest in extending the TikTok sale deadline, suggesting that the transaction may not be completed by the original deadline [1]. - The legal framework allows Trump to extend the deadline by a maximum of 90 days, contingent upon evidence that ByteDance is actively pursuing a sale [2]. - Trump has proposed the idea of a joint venture where the U.S. would hold 50% of TikTok through a sovereign wealth fund [2]. Group 2 - The imposition of additional tariffs on Chinese goods by Trump could affect China's willingness to approve the potential sale of TikTok [2]. - In response to U.S. tariffs, China has implemented countermeasures, including export controls on 15 American companies [3].