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PHILIPS LOWERS PROFIT OUTLOOK ON $340M TARIFF HIT
Dutch med-tech giant Philips cut its full-year margin guidance to 10.8–11.3%, down 100bps, as U.S.-China trade tensions are expected to cost up to €300M. Q1 sales dipped 2%, mainly on weak China demand, but EBITA beat at €354M. Philips plans to localize more U.S. production to offset the hit.
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PHILIPS LOWERS PROFIT OUTLOOK ON $340M TARIFF HIT
Dutch med-tech giant Philips cut its full-year margin guidance to 10.8–11.3%, down 100bps, as U.S.-China trade tensions are expected to cost up to €300M. Q1 sales dipped 2%, mainly on weak China demand, but EBITA beat at €354M. Philips plans to localize more U.S. production to offset the hit.
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OpenAI is set to buy Windsurf — the AI coding assistant formerly known as Codeium — for around $3 billion, marking its largest acquisition to date. https://t.co/EZhUqOcPJi
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OpenAI is set to buy Windsurf — the AI coding assistant formerly known as Codeium — for around $3 billion, marking its largest acquisition to date. https://t.co/EZhUqOcPJi
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WeRide $WRD and $UBER are expanding their autonomous driving partnership to 15 more cities over the next five years, building on launches in Abu Dhabi and Dubai. Uber will manage fleet ops while WeRide’s Robotaxis roll out globally through the Uber app. https://t.co/LIhX3mQUoY
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WeRide $WRD and $UBER are expanding their autonomous driving partnership to 15 more cities over the next five years, building on launches in Abu Dhabi and Dubai. Uber will manage fleet ops while WeRide’s Robotaxis roll out globally through the Uber app. https://t.co/LIhX3mQUoY
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A new bipartisan bill aims to crack down on AI chip smuggling to China by requiring post-sale tracking of chips like those made by Nvidia $NVDA. Lawmakers say the tech to verify chip location already exists and should be used to enforce U.S. export controls.
Source: Reuters https://t.co/wnuEJKpVmB
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A new bipartisan bill aims to crack down on AI chip smuggling to China by requiring post-sale tracking of chips like those made by Nvidia $NVDA. Lawmakers say the tech to verify chip location already exists and should be used to enforce U.S. export controls.
Source: Reuters https://t.co/wnuEJKpVmB
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HKMA chief Eddie Yue says Hong Kong has been cutting duration in US Treasuries and diversifying into non-U.S. assets. The Exchange Fund is also shifting currency exposure in its investment portfolio to manage risk.
FWIW, Hong Kong ranks as the 12th largest foreign holder of USTs https://t.co/ELjHI6zi5w
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HKMA chief Eddie Yue says Hong Kong has been cutting duration in US Treasuries and diversifying into non-U.S. assets. The Exchange Fund is also shifting currency exposure in its investment portfolio to manage risk.
FWIW, Hong Kong ranks as the 12th largest foreign holder of USTs https://t.co/ELjHI6zi5w
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While Apollo flagged liquidity concerns in “off-the-run” credit, PIMCO points to record-high trading volumes and tight IG bid-ask spreads as signs the broader public credit market is holding up just fine. As they put it: “No material signs of stress in public IG credit.” https://t.co/BD4lJzEHgO
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While Apollo flagged liquidity concerns in “off-the-run” credit, PIMCO points to record-high trading volumes and tight IG bid-ask spreads as signs the broader public credit market is holding up just fine. As they put it: “No material signs of stress in public IG credit.” https://t.co/BD4lJzEHgO
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JPMorgan Downgrades $SG to Neutral from Overweight, Lowers PT to $25 from $32
Analyst comments: "Sweetgreen is an example of major valuation changes – both positive and negative – that often occur during periods of sales momentum shifts in high-growth small- and mid-cap coverage. We are downgrading Sweetgreen to Neutral with a $25 December 2026 price target for several reasons. First, we see underlying demand trends continuing to soften, with further impact moving into higher-income demographics. Absolute value has become an issue at the brand, with most protein-containing bowls/salads priced at $13–17, or 7–30% higher on average than peers. Loyalty programs can help improve value and customer communication, but they are increasingly considered standard across the restaurant space. Second, restaurant supply growth has been exceeding demand, driving greater consumer choice in a digital world where convenience is commoditized and price transparency is high. Third, Sweetgreen is expected to remain free cash flow negative through FY30, with a minimum $100 million cash balance suggesting low double-digit percentage annual unit growth at best from FY26–30."
Analyst: Rahul Krotthapalli
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JPMorgan Downgrades $SG to Neutral from Overweight, Lowers PT to $25 from $32
Analyst comments: "Sweetgreen is an example of major valuation changes – both positive and negative – that often occur during periods of sales momentum shifts in high-growth small- and mid-cap coverage. We are downgrading Sweetgreen to Neutral with a $25 December 2026 price target for several reasons. First, we see underlying demand trends continuing to soften, with further impact moving into higher-income demographics. Absolute value has become an issue at the brand, with most protein-containing bowls/salads priced at $13–17, or 7–30% higher on average than peers. Loyalty programs can help improve value and customer communication, but they are increasingly considered standard across the restaurant space. Second, restaurant supply growth has been exceeding demand, driving greater consumer choice in a digital world where convenience is commoditized and price transparency is high. Third, Sweetgreen is expected to remain free cash flow negative through FY30, with a minimum $100 million cash balance suggesting low double-digit percentage annual unit growth at best from FY26–30."
Analyst: Rahul Krotthapalli
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