� 𝐂𝐚𝐩𝐢𝐭𝐚𝐥® 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐲 𝐡𝐚𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭.

𝐓𝐡𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐢𝐬 𝐢𝐧𝐭𝐞𝐧𝐝𝐞𝐝 𝐟𝐨𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐮𝐫𝐩𝐨𝐬𝐞𝐬 𝐨𝐧𝐥𝐲 𝐚𝐧𝐝 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐞𝐝 𝐚𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐝𝐯𝐢𝐜𝐞 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐭𝐡𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐧𝐞𝐞𝐝𝐬 𝐨𝐟 𝐚𝐧𝐲 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐨𝐫 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧. 𝐏𝐚𝐬𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐢𝐬 𝐧𝐨 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐨𝐟 𝐟𝐮𝐭𝐮𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬.

𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲. - Dimitry Nakhla | Babylon Capital® tweet

⁠Dimitry Nakhla | Babylon Capital®
This week’s reading material 📖

“Informed by successful, evolutionary strategies, Prasad outlines his counterintuitive principles for a long-term gain.

He provides three mantras of investing:

1. Avoid big risks;
2. Buy high-quality at a fair price;
3. And be very lazy.” https://t.co/zxVkLjgojl
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⁠InsideArbitrage
💊 $MRK Merck Boosts Buyback & Declares Q2 2025 Dividend!

🔹 Adds $10 Billion to its stock repurchase plan (4% of its $246.5B market cap) 📈
🔹 No expiration date, follows a similar 2018 $10 billion buyback boost
🔹 $2.9B still available under prior programs
🔹 2024: Repurchased $817 million (7 million shares) of its common stock under the prior program till September
🔹2023: $8.8B returned to shareholders ($7.4B dividends, $1.3B buybacks) – leaning more on dividends than repurchases💰

https://t.co/jbgkKGyk1U
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⁠Quiver Quantitative
Unless I'm missing something, it appears that Caroline Kennedy no longer holds significant amounts of stock in $BMY, $LLY, and $JNJ.

Here is a 2023 disclosure which appears to show divestiture. https://t.co/eoPLxwZtRr

Caroline Kennedy's 2023 financial disclosure shows that she holds a significant position in Bristol-Myers Squibb, Eli Lilly & Co, and Johnson & Johnson.

Perhaps the childhood stories from 50 years ago are just ugly smears to stop him from reforming U.S. healthcare?🤔 - Jordan Schachtel @ dossier.today
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⁠InsideArbitrage
🚨 $SYK Stryker Glenn S. Boehnlein to retire as VP & CFO after 22 years.

- Preston Wells, current Group CFO for Orthopaedics, will step into the CFO role effective April 1, 2025.

💼 Preston Wells’ Background: Previously led Investor Relations & Financial Planning at Stryker. Prior experience includes finance leadership at Dialight Corp & Johnson & Johnson.

💰 Compensation Update: Wells’ base salary set at $725K, with an 85% bonus target (~$616K). A $3M stock award (60% PSUs, 40% options) is recommended under Stryker’s LTIP. Performance review scheduled for Feb 2026. 📈

🔄 Transition Plan: Boehnlein to serve as Advisor to CEO from April 2025 to March 2026, earning $800K salary + $215K advisory bonus if he remains through term.
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⁠InsideArbitrage
$CLX Clorox's long-time CFO, Kevin Jacobsen, will step down on April 1, 2025. He will remain in an advisory role until June 2025.

Luc Bellet, currently Vice President – Treasurer, will succeed Jacobsen as Executive Vice President – Chief Financial Officer, effective April 1, 2025.

Compensation
$725K base salary
Short-term incentive target raised from 50% to 100% of salary.
$400K in RSUs (4-year vesting)
$600K in performance shares (3-year period)

📢 Clorox set to report Q2 earnings next week!
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⁠InsideArbitrage
Medical technology company - $BDX Becton, Dickinson and Company Board Declares Dividend, Authorizes 10 Million Additional Share Repurchases; Completed $750 Million Repurchase to Date in FY25

https://t.co/37Z1MbfdN0
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⁠Investing visuals
$ASML Q4 2024 Earnings 🚨

Beats across the board and absolutely smashed booking with €7.09B (Est. €3.53B)

Stock is up +7% pre-market https://t.co/OCNRRERUuw
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⁠InsideArbitrage
Zimmer Biomet $ZBH Acquires Paragon 28 $FNA for $1.2 Billion -
👣Zimmer Biomet will acquire all outstanding shares of common stock of Paragon 28 for an upfront payment of $13.00 per share in cash, representing a premium of 8.33% from the stock’s last close.
👣Paragon 28 shareholders will also receive a CVR of up to $1.00 per share in cash if Zimmer's net sales exceed $346 million up to $361 million during its fiscal year 2026.
👣Zimmer plans to fund the transaction with a mix of cash and debt financing and aims to close it in H1 2025.
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⁠App Economy Insights
$ASML ASML Q4 FY24:

• Net bookings €7.1B (€3.1B beat).
• Net sales +28% Y/Y to €9.3B (€0.2B beat).
• Gross margin 52% (flat Y/Y).
• Operating margin 36% (+3pp Y/Y).
• EPS €6.85 (€0.12 beat).

Q1 FY25 Net sales guidance:
• €7.5-8.0B (€7.2B expected). https://t.co/Sowyso6daH
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⁠Hidden Value Gems
Only 13% of people in this mini survey are worried about the DeepSeek threat to US tech. Quite a bullish sentiment.

What are your thoughts? 🤔👇

Is DeepSeek a game changer for US tech?

#DeepSeek #Stocks #NASDAQ #AI
- No
- Yes - lower capex (good)
- Don't know
- Yes- lower margins/growth - Hidden Value Gems
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