Core Viewpoint - Icahn Enterprises L.P. will hold a webcast to discuss its fourth quarter 2025 earnings results on February 25, 2026, at 10:00 a.m. Eastern Time [1] Group 1: Company Overview - Icahn Enterprises L.P. is a diversified holding company structured as a master limited partnership, operating in seven primary business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma [1] Group 2: Financial Information - The indicative net asset value of Icahn Enterprises was approximately $3.8 billion as of September 30, 2025, reflecting an increase of $567 million compared to June 30, 2025 [1]

Core Insights - General Mills, Inc. is recognized as one of the 12 Best Food Stocks to Buy in 2026 [1] - Deutsche Bank has raised its price target for General Mills from $50 to $51 while maintaining a Hold rating [2] - The company's second-quarter earnings exceeded analyst expectations, with net sales of $4.86 billion, surpassing projections of $4.78 billion [3] Financial Performance - For the quarter ending November 23, net sales fell by 7% to $4.86 billion, but this was above analyst expectations [3] - Adjusted earnings per share were reported at $1.10, exceeding the forecast of $1.03 [3] - The company confirmed its annual forecast, predicting a profit drop of 10% to 15% and organic net sales to range from a 1% gain to a 1% drop [3] Management Commentary - CEO Jeff Harmening noted improved momentum in the first half of the fiscal year but described the quarter as a turbulent operating environment [4]

Core Insights - Tetra Pak has restructured its executive leadership team, appointing five new executive vice-presidents effective December 1, 2025, all reporting to president and CEO Adolfo Orive [1] Group 1: New Appointments - Marco Dorna has been promoted to executive vice-president for market operations, having joined Tetra Pak in 2004 and held various commercial and leadership roles [1][2] - Tatiana Liceti has transitioned to executive vice-president for packaging solutions after serving as executive vice-president for market operations since 2021, with a tenure at Tetra Pak since 1998 [2][3] - Roberto Franchitti has been appointed executive vice-president for processing solutions and equipment, previously serving as executive vice-president for services since 2021 [3][4] - Ola Elmqvist takes over as executive vice-president for services, having previously held the role of executive vice-president for packaging solutions from 2021 [4][5] - Martin Scott has been named executive vice-president for sustainability and communications, previously serving as executive vice-president for communications since 2024 [5][6] Group 2: Initiatives and Collaborations - In November 2025, Tetra Pak and supermarket chain Mega Image initiated an eight-month pilot in Bucharest and Brașov, Romania, to collect used beverage and dairy cartons through reverse vending machines, collaborating with partners Maspex, Tomra, and Brai Cata [6]

Market Overview - The global food packaging market is projected to grow from USD 421.38 billion in 2025 to USD 548.51 billion by 2030, reflecting a CAGR of 5.4% driven by changing consumer habits, sustainability demands, and packaging innovations [1] Industry Drivers - The demand for convenience and processed foods is a major factor driving the food packaging industry, as urban lifestyles evolve and consumers seek quick and safe meal solutions [3] - E-commerce and food delivery platforms are reshaping packaging priorities, emphasizing durability, hygiene, shock resistance, and spill-proof designs [3] Packaging Segments - Rigid packaging remains essential due to its strength and reliability, with innovations like lightweighting and recyclable rigid polymers helping brands meet sustainability goals [4] - Bottles continue to dominate the food packaging sector, offering flexibility and resealability, with advancements in barrier coatings enhancing their performance [5] Regional Insights - Europe is a leader in the food packaging industry, known for its advanced manufacturing ecosystem and strict regulatory frameworks that set high standards for safety and sustainability [9] - The Asia Pacific region is the fastest-growing market, with China as the largest market and India as the fastest-growing, driven by changing lifestyles and increasing disposable income [10] Key Players - Major companies in the food packaging industry include Amcor Plc, Sealed Air, Mondi, Tetra Pak, and others, which are heavily investing in innovation and sustainable practices [11] Future Trends - The next five years will favor companies that embrace innovation, design for circularity, and align packaging with evolving lifestyle and environmental trends [12] - There is a growing focus on sustainable biobased polymers, tamper-evident closures, and lightweight designs to meet consumer expectations [13][14]

Core Points - Enzon Pharmaceuticals and Viskase Companies have amended their merger agreement, with Viskase merging into a subsidiary of Enzon in an all-stock transaction, resulting in Viskase stockholders owning 55% and Enzon stockholders owning 45% of the combined company [1][2][7] Summary by Sections Merger Agreement - The amendment reflects recent operational developments at Viskase and its expected near-term operations [1] - The merger will maintain Enzon's net operating losses and other tax benefits for the combined company [3] - The amendment was approved by the independent directors of both companies and their respective Boards of Directors [4] Financial Adjustments - The exchange ratio for Viskase stockholders has been adjusted so they will own 55% of the combined company [7] - Enzon will conduct a 1 for 100 reverse stock split prior to the merger [7] - The minimum cash requirement for Enzon at the closing of the merger has been reduced [7] Company Profiles - Enzon Pharmaceuticals is positioned as a public company acquisition vehicle, aiming to become an acquisition platform [5] - Viskase Companies produces non-edible casings for processed meat products and operates nine manufacturing facilities globally, selling products in nearly one hundred countries [8]

Core Insights - Georgia-Pacific has successfully acquired Anchor Packaging, a company specializing in rigid food containers and cling film, with the financial details of the transaction undisclosed [1] - The acquisition is expected to enhance Georgia-Pacific's growth potential through the integration of Anchor Packaging's assets and workforce [2][4] Company Overview - Georgia-Pacific operates various consumer brands including Angel Soft, Brawny, Dixie, enMotion, Quilted Northern, Sparkle, and Vanity Fair, and is based in Atlanta [4] - Anchor Packaging, now a wholly owned subsidiary of Georgia-Pacific, employs 1,250 people and has manufacturing sites in Arkansas and Wisconsin [3] Strategic Implications - The acquisition is anticipated to create a stronger supply chain and a broader product range, driven by innovation and improved customer service [4] - Fernando Gonzalez, president of Georgia-Pacific's Foodservice Solutions, expressed enthusiasm about the integration of Anchor Packaging's talented employees and operational efficiencies [2]

Core Points - Icahn Enterprises L.P. will discuss its third quarter 2025 results on a webcast scheduled for November 5, 2025, at 10:00 a.m. Eastern Time [1] - The company is a diversified holding entity engaged in seven primary business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma [2] Company Information - Icahn Enterprises L.P. is structured as a master limited partnership [2] - The company has a dedicated investor contact, Ted Papapostolou, Chief Financial Officer, available for inquiries [2]

Core Viewpoint - Saudi Arabia has implemented new regulations for the packaging and labelling of fruits and vegetables to enhance food safety, quality control, and environmental sustainability, aligning with the Kingdom's Vision 2030 objectives [1][5][6] Labelling Requirements - All retail units of packaged fruits and vegetables must include a label with the product name, net weight, packaging date, country of origin, and supplier or producer details, including agricultural registration number, name, and logo [2] Packaging Standards - Packaging materials must be food-grade, durable, recyclable, and allow for adequate air circulation to maintain freshness. Plastic and cardboard are permitted, with specific requirements for cardboard boxes to be made of corrugated material and include a strong lid [3] Additional Packaging Guidelines - Cardboard boxes for palletised packaging must be externally covered to prevent contamination, and inner surfaces may be treated with moisture-resistant materials as long as they do not negatively affect the produce [4] Implications for Stakeholders - The Ministry of Environment, Water and Agriculture (MEWA) encourages compliance from investors, producers, and vendors to ensure product quality and safety, aiming to protect public health and enhance consumer confidence in the food supply chain [5][6]

Company Overview - Seneca Foods Corporation has experienced a significant increase in its share price, rising by 22.9% in recent months [1] Industry Insights - The company operates in the packaged fruits and vegetables sector, providing a range of products to its customers [1]

Financial Performance - For Q2 2025, revenues were $2.4 billion with a net loss of $165 million, compared to revenues of $2.2 billion and a net loss of $331 million in Q2 2024 [1][7] - For the first half of 2025, revenues were $4.2 billion with a net loss of $587 million, compared to revenues of $4.7 billion and a net loss of $369 million in the same period of 2024 [2][9] - Adjusted EBITDA loss for Q2 2025 was $43 million, an improvement from a loss of $155 million in Q2 2024 [1][7] - Adjusted EBITDA loss for the first half of 2025 was $330 million, compared to a loss of $21 million in the first half of 2024 [2][25] Asset Valuation - As of June 30, 2025, the indicative net asset value increased by $252 million to approximately $3.3 billion compared to March 31, 2025 [3][7] - The total assets of the company were reported at $14.839 billion as of June 30, 2025, down from $16.279 billion at the end of 2024 [10] Distribution Information - The Board of Directors declared a quarterly distribution of $0.50 per depositary unit, to be paid on or about September 24, 2025 [4][7] - Depositary unitholders have until September 12, 2025, to elect to receive cash or additional depositary units [4] Business Segments - Icahn Enterprises operates in various sectors including Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma [5]