⁠Quiver Quantitative
BREAKING: Kamala Harris' campaign reportedly raised $300M in August.

This would be more than double the amount raised by Trump's campaign.

We posted this graphic yesterday, showing how much money different companies' employees have given to the two campaigns: https://t.co/nCCbFSpit2
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⁠Librarian Capital
"Unilever agrees sale of Russia business" (FT)

"Expected to bring $ULVR $340-500m, reflecting the required 50% discount on asset sales under Russian law ... $UL will also have to pay 10-15% exit tax" (per Russian media)

Nelson Peltz "had pressed UL ... not to leave Russia"

Unilever agrees sale of Russia business to Arnest https://t.co/fMg8HtZdB7 - Financial Times
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⁠Bourbon Capital
And just like that, day traders became long-term investors.

Rip $MBLY
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⁠Bourbon Capital
Probably nothing

$BABA launches a Credit Card in the US, partners with Mastercard

No biggie. https://t.co/dhmCWXqrni - The Long Investor
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⁠Librarian Capital
"Youth E-Cigarette Use Drops to Lowest in Decade; Youth Use of Nicotine Pouches Remains Low" (FDA)

Past-30-day e-cig use is 5.9% (PY: 7.7%)
Past-30-day nicotine pouch use is 1.8% (PY: 1.5%)

$PM $BATS $BTI $MO $IMB

Half a million fewer U.S. youth reported current use of e-cigarettes in 2024 compared to 2023, according to new data from the National Youth Tobacco Survey (NYTS) released today: https://t.co/xb5BKdD6JQ https://t.co/yox02Ygkxs - U.S. FDA
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⁠Bourbon Capital
Given the amount of time you've spent discussing politics, you could have used that energy to research and identify promising stocks to buy before the FOMC meeting.

You can't fix the world or your country, but you can still fix your life
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⁠Librarian Capital
Alibaba $BABA to launch 1st co-branded business credit card in the US with Mastercard $MA & Cardless

"3% cashback on purchases" on Alibaba website
"Will be available for application later this year" https://t.co/UI47UdVbVQ
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AkhenOsiris
Pssst...75bps will enter the chat with a shitty jobs #...need to catch up to Canada eh
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AkhenOsiris
Google AI ROI Survey

Early adopters of generative AI systems are already seeing return on investment for the applications they’ve added, Google Cloud found in a survey that was exclusively shared with Forbes. Google talked to 2,508 C-suite executives across the globe and found a variety of positive outcomes, with 74% already seeing some kind of ROI. Nearly half that implemented generative AI for productivity (45%) said it’s doubled. More than three-quarters (77%) said they have improved leads and customer acquisition as a result of generative AI. As far as revenue goes, 86% said they’ve received a boost of 6% or more.
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AkhenOsiris
Google exec comments:

I still think that [74]% seeing ROI feels about right. Two things are going to happen. One is those that are using it already are going to be ahead, and it’s going to be a huge snowball with more use cases. Then you’re going to have a whole new bunch of cohorts jumping on. The question for the new ones is: Are the platforms better, where they can see a better ROI quicker, or are they going to follow the same trajectory as the ones that came in 12 months prior? My sense is it’s going to be somewhere in the middle, but it’s a massive amount more volume. Those that were using it are going to see exponential value, which becomes leapfrogging the new ones coming in.
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AkhenOsiris
Google exec comments:

The technology is so incredibly powerful. It’s not like it’s infrastructure, like when the internet was born and a lot of that buildout was happening. It was like, ‘This is going to be game changing,’ but it took a while before [anyone could] take advantage of it. This is incredibly obvious and valuable to the user very quickly. It’s such a huge leapfrog in capability of platforms to be this intelligent. Just the raw capability is leading to a different sort of adoption curve.

I think having a company culture that is espousing experimentation, that is asking for the workers to provide use cases where they think it can be valuable, that is doing hackathons, that’s number two.

There’s a lot of organizations, because of cloud computing being pretty pervasive, ones that we’ve been working with have been doing a lot of work around data: data transformations, rationalizing their data estate, and cleaning up data environments within their companies. That’s been a big initiative for many companies over the last three to five years. Having a lot of that data in a better position is also accelerating the adoption of generative AI. Where we see clients that have done big data transformations, we’ve seen incredible value accelerate out of generative AI because their data estate is also in order.
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⁠Stock Analysis Compilation
Ariel Investments on Affiliated Managers Group $AMG US

Thesis: AMG’s unique business model, which balances independence with scale advantages, makes it an attractive opportunity in the boutique asset management space

(Extract from their Q2 letter) https://t.co/TYnursr9ww
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