February 5, 2026 Q3 FY2025 Consolidated Financial Results (Three months ended December 31, 2025) Sony Group Corporation Changes in Disclosure Classification of Consolidated Results Changes in Disclosure Classification of Consolidated Results Previous Disclosure Classification Disclosure Classification Before the Execution of the Spin-off (1H FY25) Disclosure Classification After the Execution of the Spin-off (2H FY25) FY24*1 FY25 G&NS Music Pictures ET&S I&SS All other / Corporate and elimination*2 Financia ...

Economic and Investment Environment - Malta is positioned as a strategic gateway to the EU, combining a Mediterranean lifestyle with a resilient economy, making it attractive for investors and global citizens [2][3] - The country has a diversified economy with a business-friendly framework, emerging as a hub for sectors like fintech, blockchain, AI, and iGaming [3] - Malta Enterprise focuses on enhancing innovation capacity, deepening industry collaboration, and aligning sustainability with economic development, targeting high-value sectors such as advanced manufacturing and life sciences [25][24] Tourism and Connectivity - Malta's tourism strategy emphasizes quality and exclusivity, aiming to attract high-spending visitors rather than focusing solely on volume [8][16] - The country has seen a 12% increase in visitor arrivals and a 22% increase in visitor spending in 2025, with a target of approaching 4 million visitors [16] - Strong air connectivity, including new direct flights from major Gulf hubs, supports both leisure and business travel, enhancing Malta's appeal as a lifestyle and mobility hub [19][20] Education and Workforce Development - The Institute of Tourism Studies (ITS) in Malta prepares students for international careers in hospitality and tourism, offering globally relevant programs and partnerships with international institutions [12][14] - Malta's education system aligns with European standards, providing students with opportunities for internships and employment in growing sectors like finance and technology [38][40] Real Estate and Property Market - Malta's property market shows resilience, with capital values rising around 5% and rental yields consistent at 5-6%, driven by genuine demand [30] - High-end developments and traditional properties in historic locations are attracting international buyers, supported by strong domestic fundamentals [30][31] - Infrastructure investment is seen as a priority for enhancing long-term property market value, with opportunities for public-private collaboration [32] Financial Services and Innovation - Malta is strengthening its position as a financial center, focusing on innovation in areas like fintech, wealth management, and capital markets [43][44] - The Malta Financial Services Authority (MFSA) is developing frameworks for emerging markets, including Sharia-compliant products, while ensuring regulatory integrity [54][55] - Companies like Finance Incorporated and CoinGateway are leveraging Malta's regulatory environment to provide tailored financial solutions and support cross-border operations [51][70] Bilateral Relations and International Engagement - Malta is enhancing its relationship with the UAE through structured cooperation in areas like trade, healthcare, and tourism, with a focus on measurable outcomes [5][6] - The country aims to act as a bridge for EU-GCC cooperation, facilitating trade and investment flows across various sectors [7] - Malta's diplomatic engagements have reinforced its reputation as a trusted facilitator of dialogue and partnerships in the region [10]

上海市人大代表吕琰则聚焦科创与金融深度融合提出建议。他表示，上海作为国际科技创新中心与国际 金融中心，科创基础扎实、金融资源雄厚，已初步形成科创金融联动模式，但仍存在生态层级单一，全 生命周期金融产品供给不足，风险分担机制不健全等不足。 为破解上述难题，吕琰提出五个具体建议。一是强化统筹引导，构建产融协同框架，整合金融资源，鼓 励组建创新联合体，引导资源向成果转化环节关键聚焦。二是深化场景赋能，完善落地载体，聚焦先进 制造业等重点领域，引导金融机构创新技术落地场景验证保险等产品，提升参与积极性。三是健全配套 体系，优化支撑环境，联合多方制定科创产业标准规范，搭建专业化科创金融服务平台，整合全链条专 业环节信息不对称的问题。四是丰富创新载体，打造全周期生态，优化科创企业积分制，构建链条接力 融资体系。五是强化人才支持，推动产教融金联动，定向培养科创金融复合型人才，完善人才引育留用 机制。 智通财经记者 徐亦嘉 针对高校与企业协同不畅、基础研究与产业脱节等问题，上海市人大代表季昕华建议加大力度鼓励高校 科研机构和科研企业开展产学研协同创新，支持校企低门槛共建联合实验室，共同承担重大科技项目， 使企业需求直接融入到 ...

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Core Insights - Equitable Holdings, Inc. reported a revenue of $3.74 billion for the quarter ended December 2025, reflecting a decrease of 5.4% year-over-year and a surprise of -7.2% compared to the Zacks Consensus Estimate of $4.03 billion. The EPS was $1.76, up from $1.57 in the same quarter last year, resulting in a positive surprise of +0.64% over the consensus estimate of $1.75 [1][3]. Financial Performance Metrics - Retirement net flows were reported at $1.26 billion, below the average estimate of $1.48 billion from two analysts [4]. - Total asset value in the Retirement segment at the end of the period was $163.86 billion, compared to the average estimate of $177.11 billion from two analysts [4]. - Wealth Management advisory net new assets reached $2.15 billion, exceeding the average estimate of $1.89 billion from two analysts [4]. - Total Wealth Management ending assets were $122.01 billion, slightly below the average estimate of $122.15 billion [4]. - Retirement segment revenues were $1.67 billion, slightly above the average estimate of $1.66 billion from three analysts, representing a year-over-year increase of +70.4% [4]. - Revenue from Retirement investment management, service fees, and other income was $186 million, slightly above the average estimate of $185.87 million, with a year-over-year increase of +97.9% [4]. - Policy charges, fee income, and premiums in the Retirement segment generated $435 million, significantly lower than the average estimate of $810.18 million [4]. - Retirement net derivative losses were reported at -$9 million, worse than the average estimate of -$2.03 million, but showed a year-over-year change of +80% [4]. - Net investment income in the Retirement segment was $1.16 billion, matching the average estimate and reflecting a year-over-year increase of +74.3% [4]. - Policy charges, fee income, and premiums in the Retirement segment were $328 million, exceeding the average estimate of $312.96 million, with a year-over-year increase of +47.1% [4]. - Corporate and Other segment revenues were $557 million, significantly below the average estimate of $845.64 million, but represented a year-over-year increase of +148.7% [4]. - Wealth Management segment revenues were $548 million, surpassing the average estimate of $523.73 million, with a year-over-year increase of +13.9% [4].

Core Insights - SBI Holdings is collaborating with Startale Group to develop a new Layer 1 blockchain network named Strium, aimed at supporting real-world assets, particularly tokenized securities [2][4] - The initiative is part of a broader trend towards onchain equities, with various firms, including Kraken and Robinhood, enhancing their onchain stock capabilities [3] - Strium is designed to facilitate global capital markets through a blockchain-native exchange architecture, promoting faster market formation and deeper liquidity [4] Company Developments - SBI and Startale's partnership was initially announced in August 2025, focusing on a round-the-clock trading platform for real-world assets, enabling access to equities from multiple countries with quick cross-border settlement [5] - Startale has recently secured an additional $13 million from Sony to enhance its Ethereum Layer 2 project, Soneium, which is co-developed with Sony Block Solutions Labs [6] Market Positioning - Strium Network is positioned as the foundational exchange layer for Asia's onchain securities markets, leveraging SBI Holdings' extensive customer base of 80 million and its expertise in financial services [7] - The platform aims to empower institutional and professional participants to trade and unlock assets in innovative ways, overcoming limitations of traditional market structures [7]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased SLM Corporation securities between July 25, 2025, and August 14, 2025, of the February 17, 2026, deadline to become a lead plaintiff in a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought SLM securities during the specified period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by February 17, 2026 [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, SLM made false and misleading statements regarding its financial health, specifically concerning early-stage delinquencies and the effectiveness of its loss mitigation programs [5]. - It is claimed that these misrepresentations led to a materially false impression of SLM's business and operations, resulting in investor damages when the truth was revealed [5].

Core Viewpoint - SLM Corporation, also known as Sallie Mae, is facing a securities fraud lawsuit due to alleged misleading statements regarding its financial stability and loan delinquency rates during the class period from July 25, 2025, to August 14, 2025 [1] Group 1: Lawsuit Details - The Rosen Law Firm is reminding investors who purchased SLM securities during the class period of the February 17, 2026, deadline to become a lead plaintiff in the class action lawsuit [1] - The lawsuit claims that SLM made false and misleading statements about its early-stage delinquencies and the effectiveness of its loss mitigation and loan modification programs [1] - Investors are encouraged to join the class action without any out-of-pocket fees through a contingency fee arrangement [1] Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [1] - The firm has achieved significant settlements in the past, including over $438 million for investors in 2019, and has been recognized for its performance in securities class action settlements [1] - Investors have the option to remain absent class members and are not required to serve as lead plaintiffs to share in any potential recovery [1]

Core Viewpoint - Charles Schwab remains cautious about the gamification of trading, opting not to engage in gambling-related activities, unlike fintechs such as Robinhood and FanDuel [1][4] Group 1: Company Strategy and Growth - Schwab's focus on financial planning and live coaching has attracted younger investors, with Gen-Z clients being 41% more likely to start investing before age 21 compared to previous generations [2] - The average client age at Schwab has decreased by 10 years over the last decade due to its strategic initiatives [2] - Schwab's stock has gained approximately 27% over the past year, outperforming the S&P 500, which increased nearly 14% in the same period [5] Group 2: Market Position and Analyst Insights - JPMorgan analyst Kenneth Worthington has maintained an Overweight rating on Schwab's stock, raising the price target to $128, citing a strong finish to 2025 with $164 billion in core new assets in Q4 [6] - Schwab's cautious approach to the prediction market landscape includes plans to integrate insights into event probabilities into its platform, while distinguishing between legitimate economic hedges and pure gaming aspects [3][4]

circle stock faces its first real competition. fidelity's fidd launches with 14,000 rias and $4.5t aum distribution built in. circle spent years building bank relationships to get usdc to $70b. fidelity already has every relationship that matters. crcl trading at $4.5b market cap after ipo doesn't price in losing the regulated stablecoin monopoly. ...