Breakingviews - Apple CEO’s best bet: channel both Jobs and Cook Hardware chief John Ternus is next ​up to lead the $4 ​trln company. He succeeds a ⁠maestro of operations, from supply ​chains to an orderly ​handover. Yet the firm grew ever more reliant on the iPhon...

Apple CEO’s best bet: channel both Jobs and Cook - tinyurl.com/wt5wezx7 - @robcyran.bsky.social

CATL may sell $5 bln in shares just because it can The ‌world's top battery maker could raise even more than last year's Hong Kong listing. ​The oil shock is boosting ​demand and founder Robin Zeng is ⁠building more factories and mines. But ​the firm ...

CATL may sell $5 bln in shares just because it can - tinyurl.com/4uebfkvv - @katrinahamlin.bsky.social

BP chair deserves investor backing — and criticism The UK ​oil major's shares are up 30% during Chair ‌Albert Manifold's seven-month tenure. That makes it hard to see why investors shouldn't back him at Thursday's AGM. Still, they should ​also make cl...

BP chair deserves investor backing — and criticism - www.breakingviews.com/columns/cons... @ywchen.bsky.social

Iran catastrophe has some silver linings Donald Trump's Gulf ⁠War has ​caused death and ​destruction in the Middle East, as well as ​global economic ​damage. Yet there are ‌some ⁠positive unintended consequences. It is boosting both renewabl...

Iran catastrophe has some silver linings - www.breakingviews.com/columns/cons...

Breakingviews - The Week in Breakingviews: Running on fumes Welcome back! I spent the past week in Hong Kong, talking to senior financiers, executives, and policymakers while revisiting old haunts in the city that was my home for four years. Bottom line: even ...

The Week in Breakingviews: Running on fumes - www.reuters.com/commentary/b... - @petertl.bsky.social

Companies are poor buffers for war fiscal pain Indian states home ​to Samsung and Suzuki factories ordered wage hikes of ‌up to 35% after workers protested surging living costs. It dents the $4 trln economy's manufacturing pitch. Governments that ...

Companies are poor buffers for war fiscal pain - tinyurl.com/2s3vfpy7 - @Shritama Bose

China coal deal puts Canberra in geopolitical bind Yancoal's $2 bln agreement to buy a mine ‌Down Under will raise eyebrows. Beijing is the Sydney-listed company's owner and Canberra is wary of foreign state buyers. ​Yet Australia's need to barter for...

China coal deal puts Canberra in geopolitical bind - @antonycurrie.bsky.social - tinyurl.com/4d436xhv

Breakingviews - US attends IMF meetings in a parallel reality The IMF’s spring meetings buzzed ⁠with talk of ​a 13 mln ​barrel a day oil shortfall reshaping economies, rates and ​defence alliances. Yet ​US officials treated it as ‌a ⁠sideshow. Even if Hormuz ope...

US attends IMF meetings in a parallel reality - Jon Sindreu, @gaberubin.bsky.social - tinyurl.com/bdfnr5r2

IMF focus on global imbalances stays too abstract The fund has put China’s ​external surplus, projected to ​remain at 0.5% of global ⁠GDP, at the center ​of this week’s meetings in ​Washington. But international bodies’ reluctance to confront industr...

IMF focus on global imbalances stays too abstract - tinyurl.com/bddf26bs

QVC bankruptcy contains CEO shopping-list tips The trailblazing televised retailer collapsed under $6.6 bln of debt and ​aims to rebuild leaner on ​TikTok. Streaming is partly to blame, ⁠but buying e-commerce outfit Zulily ​and rival HSN in respon...

QVC bankruptcy contains CEO shopping-list tips - tinyurl.com/4a8zckwc

Britain has a weak hand in Palantir test case Campaigners want ​the country’s health service to ditch a $450 mln contract ‌with the US software group. If the UK had a blank sheet of paper, it wouldn’t allow a foreign firm such ​influence over its...

Britain has a weak hand in Palantir test case - www.breakingviews.com/columns/cons... @jen-johnson.bsky.social

Patrick Drahi snatches win from jaws of defeat Orange, Bouygues and Iliad upped their offer for the telecom tycoon's SFR ​to $24 bln. The price may ​leave Drahi with a good ⁠slug of equity value despite a ​2025 debt restructuring. Antitrust could ...

Patrick Drahi snatches win from jaws of defeat - www.breakingviews.com/columns/brea... @jen-johnson.bsky.social

Reed Hastings leaves Netflix set for Apple moment Like ‌Steve Jobs, the streaming entrepreneur wrongfooted rivals with oft-derided strategic audacity. He's also ​departing the $460 bln company with ​new leadership firmly in place as ⁠tech undergoes a...

Reed Hastings leaves Netflix set for Apple moment - tinyurl.com/j5pks7mv

Breakingviews - IMF’s Washington country club is rare and useful Despite jibes from Treasury ⁠Secretary Scott ​Bessent, the multilateral ​lender continues to enjoy American support. Its ​balance sheet ​is too small for ‌many ⁠rescue operations and geopolitics limit...

IMF’s Washington country club is rare and useful - tinyurl.com/5eb9735z

Snap's activist fix is built to disappear Founder Evan Spiegel is ​largely ignoring demands ​from a pushy investor. ⁠Sure, he’s laying off ​16% of workers at ​the $10 bln social media firm, but a risky smart ​glasses program continues. Comple...

Snap's activist fix is built to disappear - tinyurl.com/hkvueukf

Breakingviews - China's AI token obsession may be misguided Alibaba, $40 bln MiniMax and ⁠others flooded the ​market with cheap ​access to models that power agents and ​apps, turning artificial ​intelligence into a commodity. ‌But ⁠without new US chips, Chines...

China's AI token obsession may be misguided - tinyurl.com/54hhuv48 - @robynmak.bsky.social

Yuan's long march requires more than Iran spark Conflict in the Gulf encourages oil exporters to seek alternatives to US dollar payments. ​That may benefit China, which ​pays for just 30% of its ⁠trade in yuan. Yet unless the ​People's Republic off...

Yuan's long march requires more than Iran spark - tinyurl.com/2rzz4v3f

Rebel bank CEO vote is win for Italian capitalism Monte dei Paschi investors reinstated the $31 bln lender's ousted ​CEO Luigi Lovaglio. One ​interpretation is that they want ⁠him to integrate newly ​acquired Mediobanca fast. Another is ​that they're...

Rebel bank CEO vote is win for Italian capitalism - tinyurl.com/52j6vr37 @liamproud.bsky.social

United’s deal lust begins troubling takeoff Boss Scott Kirby has floated ​the eyebrow-raising idea ​of a tie-up with $8 bln ⁠rival American. Some $3 ​bln of annual revenue ​uplift, after shedding ugly route overlaps, must be tempting. Shrinking...

United’s deal lust begins troubling takeoff - tinyurl.com/3ss75c7z

Morgan Stanley’s hot streak tilts at its rivals Former CEO James Gorman single-mindedly focused the ​Wall Street titan on ​wealth management. Successor Ted Pick ⁠has reinvigorated M&A advisory and ​trading. A 27% return on ​tangible equity now beat...

Morgan Stanley’s hot streak tilts at its rivals - tinyurl.com/56khabpx

UBS capital drama may justify a governance no-no Boss Sergio Ermotti ​may want to chair the bank after leaving the ‌C-suite in late 2027, Reuters reported. That move would undermine the next CEO's authority. Yet if Switzerland boosts UBS's equity re...

UBS capital drama may justify a governance no-no - www.breakingviews.com/columns/brea... @liamproud.bsky.social

Hormuz pipeline workaround looks worth the cost Iran's grip ​on the ​oil bottleneck has seen at ⁠least one ​ship pay $2 mln to ​pass. Even if it charged a lower rate ​of $1 per barrel ​on half of prewar traffic, ‌the ⁠fee over 25 years in today's m...

Hormuz pipeline workaround looks worth the cost - www.breakingviews.com/columns/big-... @georgehay.bsky.social

Hermès slip sharpens focus on its fragile premium The $200 bln French luxury group's shares ‌fell 10% on weaker first-quarter sales. Hermès' premium valuation requires much higher long-term growth than that of rivals. ​If sales growth in China stays ...

Hermès slip sharpens focus on its fragile premium - www.breakingviews.com/columns/brea... @ywchen.bsky.social

Hearty mega-bank returns blunt capital complaints JPMorgan, Wells ‌Fargo and others grew quarterly profit by 20%, on average, despite shaky geopolitics and ample ​balance sheet cushions. The results suggest ​a healthy balance for borrowers, sharehold...

Hearty mega-bank returns blunt capital complaints - tinyurl.com/yschew6z

Universal's real problem is its shaky growth pitch Hedgie Bill Ackman hopes to ‌revive the $41 bln music label’s flat valuation, through measures including a US relisting and buybacks. But financial ​engineering won’t cause a lasting key ​change. Gett...

Universal's real problem is its shaky growth pitch www.breakingviews.com/columns/cons... @jen-johnson.bsky.social

Weight loss drugs face first economic stress test In ​a weaker economy, households ⁠tend to ​keep paying internet bills ​but steer clear of brand-name goods. What ​about obesity treatments, ​which can cost $1,000 a ‌month? ⁠The jury is out, but weake...

Weight loss drugs face first economic stress test www.breakingviews.com/columns/big-...

🎧 By strangling the Strait of Hormuz, Iran has retaliated against the U.S. and eased some financial sanctions.

Edward Fishman, author of “Chokepoints”, joined @petertl.bsky.social to discuss how American economic weapons have been turned against it.

Full episode here 👉 reut.rs/4t8Q2xw

Bedtime M&A uncovers big dealmaker dreams After beating ‌back the FTC to combine mattress making and retailing, Somnigroup wants to expand ​further. With a soaring valuation, ​it is buying Legett & Platt for $2.5 ⁠bln to own springs and foam ...

Bedtime M&A uncovers big dealmaker dreams - tinyurl.com/ytnb2ywx

UAE’s London-hotspot deal recalls easier times Abu Dhabi deputy ruler Sheikh Tahnoon’s vehicle is ​buying UK venues like the Ivy and Annabel’s. Despite Iranian ‌drone strikes, Gulf money still covets the capital’s glitz. Even so, a $1.9 bln price ...

UAE’s London-hotspot deal recalls easier times - www.breakingviews.com/columns/cons...

Breakingviews - The Week in Breakingviews: Too big to fail again Welcome back! A week that started with Donald Trump threatening to destroy a “whole civilization” ended with peace talks in Pakistan and Iran charging tolls in the Strait of Hormuz. I’m taking a break...

The Week in Breakingviews: Too big to fail again www.reuters.com/commentary/b... @petertl.bsky.social