2 hours ago
Updated on: October 3, 2026 / 6:00 PM EDT / CBS/AP
A dual U.K.-Iranian national who was arrested earlier this week on suspicion of plotting a terror attack following a security incident at the U.S.-run RAF Fairford air base in England that British authorities have linked to Tehran was released on bail Saturday.
The 25-year-old man was arrested in London on Thursday, and police have searched two properties in the U.K. capital, Counter Terrorism Policing said in a statement.
On Saturday, Counter Terrorism Policing announced that the man had been released on bail.
"The investigation into the circumstances surrounding events in Gloucestershire is continuing," the agency said in a new statement.
#arrested #released #bail #updated
A dual U.K.-Iranian national who was arrested earlier this week on suspicion of plotting a terror attack following a security incident at the U.S.-run RAF Fairford air base in England that British authorities have linked to Tehran was released on bail Saturday.
The 25-year-old man was arrested in London on Thursday, and police have searched two properties in the U.K. capital, Counter Terrorism Policing said in a statement.
On Saturday, Counter Terrorism Policing announced that the man had been released on bail.
"The investigation into the circumstances surrounding events in Gloucestershire is continuing," the agency said in a new statement.
#arrested #released #bail #updated
2 hours ago
Scientists have discovered a new species of lizard in the Peruvian Andes, the Natural History Museum of San Marcos University said Saturday.
The lizard measures between six and eight centimeters (2.4-3.2 inches) and has distinct coloration depending on ****** .
Females have square-shaped spots on their backs, while males have oblique spots and white scales that help them blend into their rocky surroundings.
The lizard feeds on plants and small arthropods, including spiders, beetles, true bugs and insect larvae.
The new species was found at an altitude of more than 4,800 meters (15,750 feet) in the southern Andean region of Arequipa and was given the name Liolaemus archipensis.
#species #peruvian #history
The lizard measures between six and eight centimeters (2.4-3.2 inches) and has distinct coloration depending on ****** .
Females have square-shaped spots on their backs, while males have oblique spots and white scales that help them blend into their rocky surroundings.
The lizard feeds on plants and small arthropods, including spiders, beetles, true bugs and insect larvae.
The new species was found at an altitude of more than 4,800 meters (15,750 feet) in the southern Andean region of Arequipa and was given the name Liolaemus archipensis.
#species #peruvian #history
13 hours ago
Ken Urker's sister claims her brother confided in her about fears surrounding his relationship with Gypsy Rose Blanchard before his death. Autumn alleged that Urker said he was "terrified" of his former fiancée and worried about their daughter, Aurora. She also claimed he wanted to bring the little girl to his mother's home.
The allegations come after Urker was found dead at his Louisiana residence on October 1, his 34th birthday. Blanchard has described him as an amazing father and her forever soulmate, while authorities continue investigating his death.
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A post shared by Ashley Fitzgerald (asshleyvic)
During an interview with the Daily Mail, Autumn shared what she said her brother had told her about his relationship with Blanchard. According to Autumn, Urker said he was "terrified" of his former fiancée and felt that she "humiliated him."
#terrified
The allegations come after Urker was found dead at his Louisiana residence on October 1, his 34th birthday. Blanchard has described him as an amazing father and her forever soulmate, while authorities continue investigating his death.
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A post shared by Ashley Fitzgerald (asshleyvic)
During an interview with the Daily Mail, Autumn shared what she said her brother had told her about his relationship with Blanchard. According to Autumn, Urker said he was "terrified" of his former fiancée and felt that she "humiliated him."
#terrified
2 days ago
While Shivon Zilis shared the news of her breakup with Elon Musk, the tech billionaire went on a posting spree on X.
Zilis — an executive at Musk's tech company Neuralink and the mother of four of his children — posted on X at 10:07 a.m. ET, sharing a lengthy explanation surrounding the breakup.
"It's hard to go from in love to let go in a week with no warning, but that's just how it is sometimes," Zilis began.
Musk, meanwhile, neither responded to Zilis's post nor wrote one of his own about the split.
Instead, he posted multiple times about his companies ****** eX, Starlink, and Tesla, while also welcoming Paramount Skydance CEO David Ellison to X — the social media platform he bought for $44 billion in 2022.
#breakup #neuralink
Zilis — an executive at Musk's tech company Neuralink and the mother of four of his children — posted on X at 10:07 a.m. ET, sharing a lengthy explanation surrounding the breakup.
"It's hard to go from in love to let go in a week with no warning, but that's just how it is sometimes," Zilis began.
Musk, meanwhile, neither responded to Zilis's post nor wrote one of his own about the split.
Instead, he posted multiple times about his companies ****** eX, Starlink, and Tesla, while also welcoming Paramount Skydance CEO David Ellison to X — the social media platform he bought for $44 billion in 2022.
#breakup #neuralink
2 days ago
Ken Urker's final hours are drawing massive attention following his sudden death at 33. The former fiancé of Gypsy Rose Blanchard left behind more than a grieving family, as new details have emerged about what he was doing shortly before he died.
From one of his final social media appearances to the growing tension surrounding his passing, several pieces of Ken's final days have now come into focus.
Yet, amid the public attention surrounding his life and death, there was also a quieter side of him that remained largely hidden from the public.
Instagram | Gypsy Rose Blanchard
Ken went live on TikTok on Wednesday night, according to TMZ. The footage offered very little indication of what was happening, although he appeared to be traveling somewhere while strong wind could be heard throughout the recording.
#rose #blanchard #TikTok
From one of his final social media appearances to the growing tension surrounding his passing, several pieces of Ken's final days have now come into focus.
Yet, amid the public attention surrounding his life and death, there was also a quieter side of him that remained largely hidden from the public.
Instagram | Gypsy Rose Blanchard
Ken went live on TikTok on Wednesday night, according to TMZ. The footage offered very little indication of what was happening, although he appeared to be traveling somewhere while strong wind could be heard throughout the recording.
#rose #blanchard #TikTok
2 days ago
Prince Harry and Meghan Markle have been given a simple piece of advice as their family adjusts to life in the UK. Relationship expert Georgina Vass suggested that the couple focus on "honest communication." This comes as the couple helps their children navigate the major transition.
Prince Harry and Meghan Markle returned to the UK with their two children, Prince Archie and Princess Lilibet, after leaving the country back in 2020. The family is now believed to be living in the Cotswolds after relocating from California.
Speaking to "Gloucestershire Live", relationship expert Georgina Vass said the couple could help their children adapt by "modelling adaptation through honest communication about the hurdles, complicated feelings, and exciting opportunities." The expert also suggested creating consistent routines around school, meals, bedtime, and weekends. According to Vass, familiar routines could help reduce feelings of disruption while the children settle into their new surroundings.
Her advice also focused on Harry and Meghan's relationship. She said staying emotionally connected during disagreements and sharing disappointments could help couples develop stronger trust and mutual support. She added, "Relationships strengthened by adversity can develop greater resilience, honesty, and confidence in their ability to survive difficulty together as a team."
The move has also brought changes to Archie and Lilibet's education. The Sussexes' kids were initially registered at a British school in September. However, reports claimed the children later switched schools because of security and logistical concerns surrounding the route to that specific school. The school has not been publicly identified for safeguarding reasons. Reports suggested heavy traffic during rush hour had significantly increased the journey time, creating additional concerns around security.
#children #prince #expert
Prince Harry and Meghan Markle returned to the UK with their two children, Prince Archie and Princess Lilibet, after leaving the country back in 2020. The family is now believed to be living in the Cotswolds after relocating from California.
Speaking to "Gloucestershire Live", relationship expert Georgina Vass said the couple could help their children adapt by "modelling adaptation through honest communication about the hurdles, complicated feelings, and exciting opportunities." The expert also suggested creating consistent routines around school, meals, bedtime, and weekends. According to Vass, familiar routines could help reduce feelings of disruption while the children settle into their new surroundings.
Her advice also focused on Harry and Meghan's relationship. She said staying emotionally connected during disagreements and sharing disappointments could help couples develop stronger trust and mutual support. She added, "Relationships strengthened by adversity can develop greater resilience, honesty, and confidence in their ability to survive difficulty together as a team."
The move has also brought changes to Archie and Lilibet's education. The Sussexes' kids were initially registered at a British school in September. However, reports claimed the children later switched schools because of security and logistical concerns surrounding the route to that specific school. The school has not been publicly identified for safeguarding reasons. Reports suggested heavy traffic during rush hour had significantly increased the journey time, creating additional concerns around security.
#children #prince #expert
2 days ago
Prince Harry is back in the spotlight after his eco-travel initiative, Travalyst, reported a five-figure loss. The Duke of Sussex launched the non-profit venture in 2019 with the goal of making travel more sustainable. Travalyst has maintained that the loss was planned and formed part of an investment in the organization's future.
According to RadarOnline.com, citing Travalyst's latest annual accounts, the organization recorded a loss of around $17,000 (£13,542) in 2025. The result represented a reversal from the previous year's stronger financial position.
A Travalyst spokesperson characterized the deficit as planned and relatively small, saying, "It was a planned and small loss of £13,000, very typical of a lean, not-for-profit organisation, making a critical investment for the future." The spokesperson continued, "Travalyst remains confident in its financial oversight and strength of its partnerships."
Questions surrounding Harry's role in the venture have persisted since 2023. The Duke of Sussex was reportedly absent during the organization's "pilot phase," which saw five new board members join with "world-class expertise." He has also become less visible as the venture's public face, with his most recent appearance in a promotional video dating back to May 2022.
Harry and his wife Meghan Markle's documentary, "Cookie Queens", also reportedly failed at the box office. In an interview with Page Six, royal commentator Kinsey Schofield advised the couple to "disappear professionally."
#planned #sussex
According to RadarOnline.com, citing Travalyst's latest annual accounts, the organization recorded a loss of around $17,000 (£13,542) in 2025. The result represented a reversal from the previous year's stronger financial position.
A Travalyst spokesperson characterized the deficit as planned and relatively small, saying, "It was a planned and small loss of £13,000, very typical of a lean, not-for-profit organisation, making a critical investment for the future." The spokesperson continued, "Travalyst remains confident in its financial oversight and strength of its partnerships."
Questions surrounding Harry's role in the venture have persisted since 2023. The Duke of Sussex was reportedly absent during the organization's "pilot phase," which saw five new board members join with "world-class expertise." He has also become less visible as the venture's public face, with his most recent appearance in a promotional video dating back to May 2022.
Harry and his wife Meghan Markle's documentary, "Cookie Queens", also reportedly failed at the box office. In an interview with Page Six, royal commentator Kinsey Schofield advised the couple to "disappear professionally."
#planned #sussex
2 days ago
Gypsy Rose Blanchard reached out to Ken Urker with a birthday message on Thursday, but he did not respond. Urker was later found unresponsive at a home in Louisiana on Oct. 1, his 33rd birthday.
TMZ first reported Urker's death, citing family sources familiar with what happened. According to the outlet, Blanchard had texted Urker "Happy Birthday" earlier that day and did not receive a reply. A family member later found him unresponsive at the home. No official cause of death has been announced, and additional details about the circumstances surrounding his death have not yet been released.
Urker first contacted Blanchard in 2017 while she was serving a 10-year prison sentence for her role in the 2015 death of her mother, Clauddine "Dee Dee" Blanchard. According to A&E, Urker had seen the HBO documentary Mommy Dead and Dearest and wrote Blanchard a letter after learning about her case.
The two continued communicating and eventually developed a romantic relationship. Urker visited Blanchard while she was incarcerated, and the couple became engaged in 2018. Their first engagement ended the following year, and the two went their separate ways.
Blanchard later began a relationship with Ryan Anderson and married him in July 2022 while she was still in prison. She was released on parole on Dec. 28, 2023, after serving more than eight years of her sentence. Blanchard and Anderson separated in March 2024, and she filed for divorce the following month.
#found #unresponsive
TMZ first reported Urker's death, citing family sources familiar with what happened. According to the outlet, Blanchard had texted Urker "Happy Birthday" earlier that day and did not receive a reply. A family member later found him unresponsive at the home. No official cause of death has been announced, and additional details about the circumstances surrounding his death have not yet been released.
Urker first contacted Blanchard in 2017 while she was serving a 10-year prison sentence for her role in the 2015 death of her mother, Clauddine "Dee Dee" Blanchard. According to A&E, Urker had seen the HBO documentary Mommy Dead and Dearest and wrote Blanchard a letter after learning about her case.
The two continued communicating and eventually developed a romantic relationship. Urker visited Blanchard while she was incarcerated, and the couple became engaged in 2018. Their first engagement ended the following year, and the two went their separate ways.
Blanchard later began a relationship with Ryan Anderson and married him in July 2022 while she was still in prison. She was released on parole on Dec. 28, 2023, after serving more than eight years of her sentence. Blanchard and Anderson separated in March 2024, and she filed for divorce the following month.
#found #unresponsive
3 days ago
Lady Gaga is addressing the Haus Labs controversy that began after beauty creator Golloria criticized one of the brand's upcoming products earlier this year.
On Thursday (Oct. 1), Gaga shared a statement through Haus Labs' Instagram addressing the situation surrounding the Sun Dipped Bronzing Veil, acknowledging that both the product's original shade range and the way the brand responded to Golloria's criticism fell short.
More from Billboard
Lady Gaga Shouldn't Get $230K 'Consolation Prize' After 'Mayhem' Lawsuit, Surf Brand Tells Judge
Lady Gaga's Baby Girl Has a Very Gaga Name
#haus #labs #thursday #dipped
On Thursday (Oct. 1), Gaga shared a statement through Haus Labs' Instagram addressing the situation surrounding the Sun Dipped Bronzing Veil, acknowledging that both the product's original shade range and the way the brand responded to Golloria's criticism fell short.
More from Billboard
Lady Gaga Shouldn't Get $230K 'Consolation Prize' After 'Mayhem' Lawsuit, Surf Brand Tells Judge
Lady Gaga's Baby Girl Has a Very Gaga Name
#haus #labs #thursday #dipped
3 days ago
Kandi Burruss is drawing a clear line between telling her story and turning a divorce into a public spectacle.
During a sit-down with CNN anchor Audie Cornish, the former Real Housewives of Atlanta star addressed the growing conversation surrounding ex-husband Todd Tucker's upcoming project, Til Divorce Do Us Part, revealing that the series had already struggled to find a home before its current rollout.
"He's tried to pitch the show multiple times," Burruss said. "They did not choose to do it."
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
Her comments arrive just days after Tucker intensified promotion for the project, which promises viewers "what went down behind closed doors" during their marriage.
#project #kandi #housewives
During a sit-down with CNN anchor Audie Cornish, the former Real Housewives of Atlanta star addressed the growing conversation surrounding ex-husband Todd Tucker's upcoming project, Til Divorce Do Us Part, revealing that the series had already struggled to find a home before its current rollout.
"He's tried to pitch the show multiple times," Burruss said. "They did not choose to do it."
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
Her comments arrive just days after Tucker intensified promotion for the project, which promises viewers "what went down behind closed doors" during their marriage.
#project #kandi #housewives
3 days ago
Shane and Hannah Burcaw shared a special moment on their YouTube channel after Shane got candid about his fears surrounding being able to physically interact with his baby when they are born
Specifically, Shane shared that he was worried, as a result of his spinal muscular atrophy diagnosis, that he wouldn't be able to extend his arms long enough to touch Hannah's stomach and feel their baby kick
The viral couple, known as Squirmy and Grubs online, opened up to PEOPLE earlier in September about what preparation for becoming parents would look like for them with Shane's disability in mind
Shane Burcaw is opening up about the reality of his disability as he prepares to have his first child with his wife, Hannah Burcaw.
After announcing the news of their pregnancy online earlier in September, the couple has continued to share updates on their new chapter. Specifically, they've touched on the preparations they've made to ensure that Shane, who has spinal muscular atrophy, can be the most present father possible.
In a recent post to their Facebook page, Shane penned a lengthy caption about some of the fears that he had been harboring as it pertains to how his disability might limit him when it came to parenting.
Hannah and Shane share glimpses of Shane feeling their baby kick.
Credit: Squirmy and Grubs/YouTube
#burcaw #grubs
Specifically, Shane shared that he was worried, as a result of his spinal muscular atrophy diagnosis, that he wouldn't be able to extend his arms long enough to touch Hannah's stomach and feel their baby kick
The viral couple, known as Squirmy and Grubs online, opened up to PEOPLE earlier in September about what preparation for becoming parents would look like for them with Shane's disability in mind
Shane Burcaw is opening up about the reality of his disability as he prepares to have his first child with his wife, Hannah Burcaw.
After announcing the news of their pregnancy online earlier in September, the couple has continued to share updates on their new chapter. Specifically, they've touched on the preparations they've made to ensure that Shane, who has spinal muscular atrophy, can be the most present father possible.
In a recent post to their Facebook page, Shane penned a lengthy caption about some of the fears that he had been harboring as it pertains to how his disability might limit him when it came to parenting.
Hannah and Shane share glimpses of Shane feeling their baby kick.
Credit: Squirmy and Grubs/YouTube
#burcaw #grubs
4 days ago
Kurt Olsen was ****** igned to the so-called "grand conspiracy" probe in Florida.
Another top Trump loyalist tasked to help lead a controversial conspiracy probe targeting President Trump's political foes has resigned from the Justice Department, sources familiar with the matter confirmed to ABC News.
The resignation of Kurt Olsen, a 2020 election denier who was ****** igned to the so-called "grand conspiracy" probe in Southern Florida earlier this year, comes just weeks after Trump ally Joe diGenova similarly announced his departure after suggesting to the New York Post that he was being pressured by DOJ leadership to bring charges without supporting evidence.
Olsen had no prior prosecutorial experience and was deeply involved in litigation surrounding President Trump's efforts to challenge his 2020 election loss.
Olsen could not immediately be reached for comment. A DOJ spokesperson declined to comment to ABC News.
#conspiracy #president #assigned #called
Another top Trump loyalist tasked to help lead a controversial conspiracy probe targeting President Trump's political foes has resigned from the Justice Department, sources familiar with the matter confirmed to ABC News.
The resignation of Kurt Olsen, a 2020 election denier who was ****** igned to the so-called "grand conspiracy" probe in Southern Florida earlier this year, comes just weeks after Trump ally Joe diGenova similarly announced his departure after suggesting to the New York Post that he was being pressured by DOJ leadership to bring charges without supporting evidence.
Olsen had no prior prosecutorial experience and was deeply involved in litigation surrounding President Trump's efforts to challenge his 2020 election loss.
Olsen could not immediately be reached for comment. A DOJ spokesperson declined to comment to ABC News.
#conspiracy #president #assigned #called
13 days ago
On September 9, 2026, Reuters reported that AI music startup Suno launched a new suite of models, including its flagship v6 and exploratory v6-Wild, built in partnership with Warner Music Group Corp. (NASDAQ:WMG) and BMG. It lets users make new music inspired by licensed recordings from participating artists. The launch follows Warner Music's copyright lawsuit settlement with Suno in November 2025, under which artists and songwriters can opt in to have their names, voices, and compositions used in AI-generated music in exchange for compensation.
Warner Music Group Corp. (NASDAQ:WMG) can turn the Suno litigation dispute into a new licensing revenue opportunity. Suno has now launched its v6 models in partnership with Warner Music and BMG. It allows users to make music inspired by licensed works from participating artists. Warner previously sued Suno over copyright issues before reaching a licensing agreement. This gives the label a direct path to monetize AI-generated music rather than relying solely on litigation. The deal could create a new revenue stream as consumers increasingly adopt AI music tools.
Warner enters the AI-music market from a position of financial strength. The firm reported fiscal third-quarter revenue of $5.44 billion, up 9% year over year. Adjusted OIBDA increased 16% to $433 million, and its adjusted OIBDA margin expanded to 23.2%. Warner also said it had met or exceeded its financial targets for five consecutive quarters. That basic growth gives the company greater flexibility to invest in AI initiatives while using licensing agreements to add another potential growth driver to its existing streaming and publishing businesses.
Warner could help establish a more sustainable commercial model for AI-generated music. Suno said future products will include opt-in experiences that allow individual artists to participate and receive payment when users generate music around them. So Warner has an opportunity to help shape licensing and compensation practices as Spotify and other platforms develop their own AI-music products. If the industry increasingly adopts licensed models, Warner's large catalog and relationships with artists could solidify its negotiating position and create recurring AI-related revenue.
Suno's new licensing model does not eliminate the overall legal risks surrounding AI music. Warner Music Group Corp. (NASDAQ:WMG) has reached an agreement with Suno, but other copyright owners are challenging the firm's technology. Independent publisher Round Hill sued Suno in August, alleging that the company used copyrighted songs to train its AI system. Suno also faces separate litigation from Universal Music Group and Sony Music. Hence, lawsuits could increase legal costs and create uncertainty over the licensing framework that Warner hopes to monetize.
#music #licensing #corp #revenue
Warner Music Group Corp. (NASDAQ:WMG) can turn the Suno litigation dispute into a new licensing revenue opportunity. Suno has now launched its v6 models in partnership with Warner Music and BMG. It allows users to make music inspired by licensed works from participating artists. Warner previously sued Suno over copyright issues before reaching a licensing agreement. This gives the label a direct path to monetize AI-generated music rather than relying solely on litigation. The deal could create a new revenue stream as consumers increasingly adopt AI music tools.
Warner enters the AI-music market from a position of financial strength. The firm reported fiscal third-quarter revenue of $5.44 billion, up 9% year over year. Adjusted OIBDA increased 16% to $433 million, and its adjusted OIBDA margin expanded to 23.2%. Warner also said it had met or exceeded its financial targets for five consecutive quarters. That basic growth gives the company greater flexibility to invest in AI initiatives while using licensing agreements to add another potential growth driver to its existing streaming and publishing businesses.
Warner could help establish a more sustainable commercial model for AI-generated music. Suno said future products will include opt-in experiences that allow individual artists to participate and receive payment when users generate music around them. So Warner has an opportunity to help shape licensing and compensation practices as Spotify and other platforms develop their own AI-music products. If the industry increasingly adopts licensed models, Warner's large catalog and relationships with artists could solidify its negotiating position and create recurring AI-related revenue.
Suno's new licensing model does not eliminate the overall legal risks surrounding AI music. Warner Music Group Corp. (NASDAQ:WMG) has reached an agreement with Suno, but other copyright owners are challenging the firm's technology. Independent publisher Round Hill sued Suno in August, alleging that the company used copyrighted songs to train its AI system. Suno also faces separate litigation from Universal Music Group and Sony Music. Hence, lawsuits could increase legal costs and create uncertainty over the licensing framework that Warner hopes to monetize.
#music #licensing #corp #revenue
14 days ago
Phillips 66 (NYSE:PSX) has been on a strong rally this year, posting gains of over 110% since the beginning of 2026. The outperformance has been driven by an unusually sharp surge in global refining margins amid the war in the Middle East, which has significantly tightened the world's refining capacity and reduced supplies of gasoline, diesel, and jet fuel.
Given Phillips 66's substantial outperformance compared to the wider market, investors may be questioning whether the stock's record-setting run has reached its peak. However, the ****** ysts over at BMO Capital see further upside ahead. On September 17, the firm raised its price target on PSX from $260 to $310, while maintaining an 'Outperform' rating on the shares. The target boost implies an upside of 13% from the current levels and even exceeds the stock's all-time high of over $274 achieved earlier this month.
BMO Capital highlighted Phillips 66's integrated business model, noting that it has gained momentum and outperformed its individual segments, supported by strong execution across the portfolio. While Refining and Renewables remain the cyclical leaders, BMO also sees a favorable medium-term growth outlook for the company's Midstream business.
BMO Capital's vote of confidence comes amid a broader optimism surrounding Phillips 66, with ****** ysts from Morgan Stanley, Raymon James, UBS, and several others also improving their respective outlooks on PSX. This suggests that Wall Street expects the ongoing refining upcycle to last longer than previously expected, particularly following the renewed escalations between Iran and the United States.
The supply disruptions now extend beyond the troubled region, as a recent wave of Ukrainian attacks on Russian refineries has further reduced global refining capacity and provided further support to margins.
#further #margins #amid
Given Phillips 66's substantial outperformance compared to the wider market, investors may be questioning whether the stock's record-setting run has reached its peak. However, the ****** ysts over at BMO Capital see further upside ahead. On September 17, the firm raised its price target on PSX from $260 to $310, while maintaining an 'Outperform' rating on the shares. The target boost implies an upside of 13% from the current levels and even exceeds the stock's all-time high of over $274 achieved earlier this month.
BMO Capital highlighted Phillips 66's integrated business model, noting that it has gained momentum and outperformed its individual segments, supported by strong execution across the portfolio. While Refining and Renewables remain the cyclical leaders, BMO also sees a favorable medium-term growth outlook for the company's Midstream business.
BMO Capital's vote of confidence comes amid a broader optimism surrounding Phillips 66, with ****** ysts from Morgan Stanley, Raymon James, UBS, and several others also improving their respective outlooks on PSX. This suggests that Wall Street expects the ongoing refining upcycle to last longer than previously expected, particularly following the renewed escalations between Iran and the United States.
The supply disruptions now extend beyond the troubled region, as a recent wave of Ukrainian attacks on Russian refineries has further reduced global refining capacity and provided further support to margins.
#further #margins #amid
14 days ago
Shell plc (NYSE:SHEL) is a global group of energy and petrochemical companies with a presence in over 70 countries. The stock has delivered gains of over 23% since the beginning of 2026 and even hit its all-time high earlier in March, driven primarily by soaring oil prices and solid earnings amid supply disruptions in the Middle East.
Following a slight pullback over the last few months, Shell has started to regain momentum, and Morgan Stanley expects the rally to continue. On September 3, the investment bank upgraded SHEL from 'Equal Weight' to 'Overweight', while also raising its price target from $81.60 to $101.30. The target boost implies an upside of 9% from the current levels and even exceeds Shell's previous record high of almost $95 per share achieved earlier this year.
Morgan Stanley noted that the concerns surrounding Shell's long-term resource longevity have now eased, with the company now positioned to sustain production growth through 2030 and stabilize output thereafter. The ******* yst firm believes that while the stock has been weighed down due to its dividend policy, there is now "potential for a significant acceleration. As a result, Morgan Stanley promoted SHEL to top-pick status.
Shell completed the acquisition of ARC Resources earlier this month, addressing the resource-depletion concerns that have weighed down its valuation. The $16.4 billion deal has significantly expanded the energy giant's gas reserves and will boost its production by 370,000 boed. Additionally, the strategic move expands Shell's exposure to the North American gas market and bolsters its position in a region that is emerging as a key player in the global LNG supply.
Shell's recent upstream investments provide further support to Morgan Stanley's bullish thesis. The company announced earlier this month that it had agreed to acquire a 30% interest in BP's Conifer exploration prospect in the US Gulf, and a 50% stake in the Tupinamba exploration block in Brazil's Santos Basin. Additionally, it also recently signed a preliminary agreement for the acquisition of production rights over Ghana's South Deepwater Tano Cape Three Points oil and gas block.
#shel #production #energy #Stock
Following a slight pullback over the last few months, Shell has started to regain momentum, and Morgan Stanley expects the rally to continue. On September 3, the investment bank upgraded SHEL from 'Equal Weight' to 'Overweight', while also raising its price target from $81.60 to $101.30. The target boost implies an upside of 9% from the current levels and even exceeds Shell's previous record high of almost $95 per share achieved earlier this year.
Morgan Stanley noted that the concerns surrounding Shell's long-term resource longevity have now eased, with the company now positioned to sustain production growth through 2030 and stabilize output thereafter. The ******* yst firm believes that while the stock has been weighed down due to its dividend policy, there is now "potential for a significant acceleration. As a result, Morgan Stanley promoted SHEL to top-pick status.
Shell completed the acquisition of ARC Resources earlier this month, addressing the resource-depletion concerns that have weighed down its valuation. The $16.4 billion deal has significantly expanded the energy giant's gas reserves and will boost its production by 370,000 boed. Additionally, the strategic move expands Shell's exposure to the North American gas market and bolsters its position in a region that is emerging as a key player in the global LNG supply.
Shell's recent upstream investments provide further support to Morgan Stanley's bullish thesis. The company announced earlier this month that it had agreed to acquire a 30% interest in BP's Conifer exploration prospect in the US Gulf, and a 50% stake in the Tupinamba exploration block in Brazil's Santos Basin. Additionally, it also recently signed a preliminary agreement for the acquisition of production rights over Ghana's South Deepwater Tano Cape Three Points oil and gas block.
#shel #production #energy #Stock
14 days ago
Marathon Petroleum Corporation (NYSE:MPC) has substantially outperformed the wider market this year, supported by an unusually sharp surge in global refining margins as the prolonged Iran crisis has significantly tightened global refining capacity and reduced supplies of gasoline, diesel, and jet fuel.
With Marathon up by over 150% since the beginning of 2026, there are now concerns that the stock may have topped out. However, the ****** ysts over at Morgan Stanley are convinced that the rally still has further room to run. On September 14, Morgan Stanley ****** yst Joe Laetsch significantly raised the firm's price target on MPC from $265 to $453, while reaffirming an 'Overweight' rating on the shares.
The target boost reflects an upside of over 9% from the current price level and even exceeds the stock's record high of just under $411 per share achieved earlier this month. The Morgan Stanley update comes amid broader Wall Street optimism surrounding the American refining giant, with ****** ysts from Raymon James, UBS, and several others also improving their respective outlooks on MPC.
Morgan Stanley's vote of confidence suggests that Wall Street expects the ongoing refining upcycle to last longer than previously expected, especially given the fresh wave of attacks between Washington and Tehran. Even if the conflict in the Middle East subsides, the region's refined fuel output is expected to remain relatively tight, since the damaged or idled refineries in the Middle East are likely to take some time to return to full operations.
As the largest refiner by volume in the United States, Marathon has significant operating leverage to capitalize on the current high-margin environment. The company already demonstrated its ability to translate the high crack spreads into material earnings when it delivered an almost fourfold increase in profits in the second quarter.
#morgan #marathon #stanley #middle
With Marathon up by over 150% since the beginning of 2026, there are now concerns that the stock may have topped out. However, the ****** ysts over at Morgan Stanley are convinced that the rally still has further room to run. On September 14, Morgan Stanley ****** yst Joe Laetsch significantly raised the firm's price target on MPC from $265 to $453, while reaffirming an 'Overweight' rating on the shares.
The target boost reflects an upside of over 9% from the current price level and even exceeds the stock's record high of just under $411 per share achieved earlier this month. The Morgan Stanley update comes amid broader Wall Street optimism surrounding the American refining giant, with ****** ysts from Raymon James, UBS, and several others also improving their respective outlooks on MPC.
Morgan Stanley's vote of confidence suggests that Wall Street expects the ongoing refining upcycle to last longer than previously expected, especially given the fresh wave of attacks between Washington and Tehran. Even if the conflict in the Middle East subsides, the region's refined fuel output is expected to remain relatively tight, since the damaged or idled refineries in the Middle East are likely to take some time to return to full operations.
As the largest refiner by volume in the United States, Marathon has significant operating leverage to capitalize on the current high-margin environment. The company already demonstrated its ability to translate the high crack spreads into material earnings when it delivered an almost fourfold increase in profits in the second quarter.
#morgan #marathon #stanley #middle
14 days ago
GE Vernova Inc. (NYSE:GEV) received a boost on September 16 after CEO Scott Strazik stated that the company's backlog could hit the $200 billion mark "very early" in 2027, sooner than Wall Street had expected. The company expects the "strong and durable demand" to drive accelerated growth after its backlog had reached $167 billion at the end of the second quarter of 2026.
GEV has gained by almost 50% over the last year but is down by more than 14% over the last month, reflecting growing investor concerns surrounding the AI trade. The stock also came under pressure on September 14 when GLJ Research slammed it with a 'Sell' rating and a Street-low price target of $470, describing the company as "a cyclical gas turbine manufacturer priced as a secular compounder".
The update builds on extraordinarily strong momentum for GE Vernova, powered by the incredibly strong demand for its power equipment amid the AI data center boom. The company's backlog of $176 billion at the end of Q2 grew $13 billion from the previous quarter and was up 37% YoY, providing it with visibility into earnings well into the 2030s.
Notably, GE Vernova is translating this demand into financial improvement rather than simply a very large order book. The company's revenue grew by 22% YoY to $11.1 billion in the second quarter, while its free cash flow reached $5.1 billion, already exceeding its full-year 2025 level. Given the high demand, GEV raised its 2026 revenue forecast to $45.5 billion-$46.5 billion, up from its previous range of $44.5 billion-$45.5 billion.
The ongoing AI boom has been a major growth catalyst for GE Vernova, as its data center-related orders exceeded $5 billion in the first half of this year, more than double 2025's total. According to Barron's, power availability has become a key constraint for data center operators, and this strong demand has effectively constrained GEV's turbine capacity, which can support pricing and the value of scarce delivery slots.
#billion #year #data #center
GEV has gained by almost 50% over the last year but is down by more than 14% over the last month, reflecting growing investor concerns surrounding the AI trade. The stock also came under pressure on September 14 when GLJ Research slammed it with a 'Sell' rating and a Street-low price target of $470, describing the company as "a cyclical gas turbine manufacturer priced as a secular compounder".
The update builds on extraordinarily strong momentum for GE Vernova, powered by the incredibly strong demand for its power equipment amid the AI data center boom. The company's backlog of $176 billion at the end of Q2 grew $13 billion from the previous quarter and was up 37% YoY, providing it with visibility into earnings well into the 2030s.
Notably, GE Vernova is translating this demand into financial improvement rather than simply a very large order book. The company's revenue grew by 22% YoY to $11.1 billion in the second quarter, while its free cash flow reached $5.1 billion, already exceeding its full-year 2025 level. Given the high demand, GEV raised its 2026 revenue forecast to $45.5 billion-$46.5 billion, up from its previous range of $44.5 billion-$45.5 billion.
The ongoing AI boom has been a major growth catalyst for GE Vernova, as its data center-related orders exceeded $5 billion in the first half of this year, more than double 2025's total. According to Barron's, power availability has become a key constraint for data center operators, and this strong demand has effectively constrained GEV's turbine capacity, which can support pricing and the value of scarce delivery slots.
#billion #year #data #center
15 days ago
At the start of September, the global network of transportation partners that retail giant Amazon relies upon to process an average of between 15 and 17.2 million delivery orders per day was suddenly thrust into public attention.
A cargo plane operated by 21 Air ran off the runway at Miami International in a major accident that killed five people traveling in a van on a nearby road.
Since the Sept. 6 crash, Amazon suspended its operations with 21 Air, pending an ongoing investigation by the National Transportation Safety Board (NTSB). The retail platform said it made the choice after it "spent time supporting the investigation and reviewing some of the surrounding circumstances."
While operating with an unblemished safety record, another of Amazon's network of thousands of transportation partners ended up in the limelight this week when it filed for Chapter 11 protection in a Florida court, Tampa Bay Business Journal reported.
Launched out of Winter Haven in Polk County in 2005, CLJ Transporting is a cargo carrier and dedicated Amazon Freight Partner that had been running deliveries for Amazon within a 200-mile radius of Davenport in the central part of the state for more than a decade.
#amazon #network
A cargo plane operated by 21 Air ran off the runway at Miami International in a major accident that killed five people traveling in a van on a nearby road.
Since the Sept. 6 crash, Amazon suspended its operations with 21 Air, pending an ongoing investigation by the National Transportation Safety Board (NTSB). The retail platform said it made the choice after it "spent time supporting the investigation and reviewing some of the surrounding circumstances."
While operating with an unblemished safety record, another of Amazon's network of thousands of transportation partners ended up in the limelight this week when it filed for Chapter 11 protection in a Florida court, Tampa Bay Business Journal reported.
Launched out of Winter Haven in Polk County in 2005, CLJ Transporting is a cargo carrier and dedicated Amazon Freight Partner that had been running deliveries for Amazon within a 200-mile radius of Davenport in the central part of the state for more than a decade.
#amazon #network
15 days ago
An anonymous trader known only by their wallet address 0x3bca had their $7.19 million short position on the S&P 500 fully liquidated on Hyperliquid as the broader market rebounded on Wednesday. The liquidation was tracked via onchain data on Hypurrscan.
A short position is a trade that profits when an ***** et's price falls. The trader was betting the S&P 500 would decline, and when it moved in the opposite direction, the position was forcibly closed at a loss.
Related: Kevin O'Leary has a warning on Washington's tax plans
Liquidation happens when a leveraged trade moves far enough against the trader that the exchange automatically closes it to prevent further losses. Hyperliquid is a decentralized exchange that lets users trade perpetual contracts, derivatives that track an ***** et's price without an expiration date, on crypto, equities and commodities.
The Hypurrscan data shows the wallet held a total portfolio value of roughly $7.85 million at the time, with exposure to S&P 500, XYZ100, BTC and gold contracts. The transaction history reveals a flurry of activity in the seconds surrounding the liquidation, including multiple "Close Long" orders on Robinhood stock (xyz:HOOD) at $109.48 and fresh "Open Long" positions on BTC at approximately $76,568.
#trader #position #hyperliquid #short
A short position is a trade that profits when an ***** et's price falls. The trader was betting the S&P 500 would decline, and when it moved in the opposite direction, the position was forcibly closed at a loss.
Related: Kevin O'Leary has a warning on Washington's tax plans
Liquidation happens when a leveraged trade moves far enough against the trader that the exchange automatically closes it to prevent further losses. Hyperliquid is a decentralized exchange that lets users trade perpetual contracts, derivatives that track an ***** et's price without an expiration date, on crypto, equities and commodities.
The Hypurrscan data shows the wallet held a total portfolio value of roughly $7.85 million at the time, with exposure to S&P 500, XYZ100, BTC and gold contracts. The transaction history reveals a flurry of activity in the seconds surrounding the liquidation, including multiple "Close Long" orders on Robinhood stock (xyz:HOOD) at $109.48 and fresh "Open Long" positions on BTC at approximately $76,568.
#trader #position #hyperliquid #short
17 days ago
Parnassus Investments, an investment management company, released the "Parnassus Growth Equity Fund" second-quarter 2026 investor letter. The letter can be downloaded here. During the quarter, the Fund (Investor Shares) returned 17.49% (net of fees), outperforming the Russell 1000 Growth Index's 16.74%. Holdings in Information Technology and Consumer Discretionary sectors boosted relative returns, while Communication Services and Financials holdings detracted. For the year-to-date period, the Fund returned 6.17% (net of fees), outperforming the Russell 1000 Growth's 5.33%. The firm remains constructively bullish on U.S. equities and continues to be selective, valuation-sensitive, and focused on disruptive growth opportunities through active stock selection. Growth stocks advanced during the second quarter, as the Russell 1000 Growth Index generated strong double-digit returns driven by increased confidence in the durability of the ongoing artificial intelligence (AI) infrastructure build-out. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Parnassus Growth Equity Fund highlighted Medline Inc. (NASDAQ:MDLN). Medline Inc. (NASDAQ:MDLN) manufactures med-surg products serving hospitals, surgery centers, physician offices, post-acute facilities, and nursing home sites of care. On September 15, 2026, Medline Inc. (NASDAQ:MDLN) closed at $36.59 per share. Over the past month, Medline Inc. (NASDAQ:MDLN) declined 4.23%, and YTD its shares lost 22.68%. Medline Inc. has a market capitalization of $42.22 billion.
Parnassus Growth Equity Fund stated the following regarding Medline Inc. (NASDAQ:MDLN) in its Q2 2026 investor letter:
"Medline Inc. (NASDAQ:MDLN) shares declined as medical technology stocks broadly came under pressure. The company also faced near term concerns surrounding tariffs and higher transportation costs, though we remain confident in its long-term competitive positioning."
Medline Inc. (NASDAQ:MDLN) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 52 hedge fund portfolios held Medline Inc. (NASDAQ:MDLN) at the end of the second quarter which was 65 in the previous quarter. While we acknowledge the potential of Medline Inc. (NASDAQ:MDLN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#medline #NASDAQ #fund #parnassus
In its second-quarter 2026 investor letter, Parnassus Growth Equity Fund highlighted Medline Inc. (NASDAQ:MDLN). Medline Inc. (NASDAQ:MDLN) manufactures med-surg products serving hospitals, surgery centers, physician offices, post-acute facilities, and nursing home sites of care. On September 15, 2026, Medline Inc. (NASDAQ:MDLN) closed at $36.59 per share. Over the past month, Medline Inc. (NASDAQ:MDLN) declined 4.23%, and YTD its shares lost 22.68%. Medline Inc. has a market capitalization of $42.22 billion.
Parnassus Growth Equity Fund stated the following regarding Medline Inc. (NASDAQ:MDLN) in its Q2 2026 investor letter:
"Medline Inc. (NASDAQ:MDLN) shares declined as medical technology stocks broadly came under pressure. The company also faced near term concerns surrounding tariffs and higher transportation costs, though we remain confident in its long-term competitive positioning."
Medline Inc. (NASDAQ:MDLN) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 52 hedge fund portfolios held Medline Inc. (NASDAQ:MDLN) at the end of the second quarter which was 65 in the previous quarter. While we acknowledge the potential of Medline Inc. (NASDAQ:MDLN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#medline #NASDAQ #fund #parnassus
17 days ago
By Anna Szymanski
Sept 16 (Reuters) - An unsettled few days set the scene for the week's main event: the Federal Reserve's policy decision. Markets overwhelmingly expect a quarter-point rate hike, the central bank's first since 2023, against the backdrop of resurgent oil prices and a 10-year Treasury yield that's recently breached the important 5% mark.
A rate increase could put Fed Chair Kevin Warsh on a collision course with the White House, given President Donald Trump's continued preference for easing policy. But given all the economic data supporting calls for a hike, Warsh risks losing credibility if the central bank stays on hold.
Today's decision - and the messaging surrounding it - will be a major test for Warsh. The Fed chair struck a hawkish tone at Jackson Hole last month and, with U.S. inflation still running above target and the unemployment rate still low, policymakers risk undermining their credibility if they don't follow through and lift the benchmark rate to the 3.75%-4.00% range.
That's as Donald Trump continues to push for the U.S. to have the lowest borrowing costs in the world. The U.S. president recently threatened to stop trading with some countries if the Fed does not cut rates, though markets have not taken that threat very seriously.
#rate #markets #president #decision
Sept 16 (Reuters) - An unsettled few days set the scene for the week's main event: the Federal Reserve's policy decision. Markets overwhelmingly expect a quarter-point rate hike, the central bank's first since 2023, against the backdrop of resurgent oil prices and a 10-year Treasury yield that's recently breached the important 5% mark.
A rate increase could put Fed Chair Kevin Warsh on a collision course with the White House, given President Donald Trump's continued preference for easing policy. But given all the economic data supporting calls for a hike, Warsh risks losing credibility if the central bank stays on hold.
Today's decision - and the messaging surrounding it - will be a major test for Warsh. The Fed chair struck a hawkish tone at Jackson Hole last month and, with U.S. inflation still running above target and the unemployment rate still low, policymakers risk undermining their credibility if they don't follow through and lift the benchmark rate to the 3.75%-4.00% range.
That's as Donald Trump continues to push for the U.S. to have the lowest borrowing costs in the world. The U.S. president recently threatened to stop trading with some countries if the Fed does not cut rates, though markets have not taken that threat very seriously.
#rate #markets #president #decision
17 days ago
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At the beginning of 2026, the biggest question surrounding the Federal Reserve and interest rates was whether the Fed would cut its target rate at some point this year. However, it's become increasingly clear that a rate cut won't happen any time soon. In fact, it's possible that the Fed may increase its benchmark rate before the year is over.
Following the Federal Open Market Committee (FOMC)'s most recent meeting in July, under the leadership of new Fed Chair Kevin Warsh, the committee announced its decision to maintain the target range for the federal funds rate at 3.50%-3.75%.
In its statement, the committee noted that "inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. The Committee will deliver price stability."
The Fed has not cut rates since late 2025, yet interest rates on consumer loans and bank accounts steadily decreased throughout 2026 — at least, until recently. Recent rate increases are a sign that the market is already pricing in a rate hike. And with a few more Fed meetings on the calendar for the remainder of 2026, consumers are wondering how potential rate changes could impact their bottom lines.
#year
At the beginning of 2026, the biggest question surrounding the Federal Reserve and interest rates was whether the Fed would cut its target rate at some point this year. However, it's become increasingly clear that a rate cut won't happen any time soon. In fact, it's possible that the Fed may increase its benchmark rate before the year is over.
Following the Federal Open Market Committee (FOMC)'s most recent meeting in July, under the leadership of new Fed Chair Kevin Warsh, the committee announced its decision to maintain the target range for the federal funds rate at 3.50%-3.75%.
In its statement, the committee noted that "inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. The Committee will deliver price stability."
The Fed has not cut rates since late 2025, yet interest rates on consumer loans and bank accounts steadily decreased throughout 2026 — at least, until recently. Recent rate increases are a sign that the market is already pricing in a rate hike. And with a few more Fed meetings on the calendar for the remainder of 2026, consumers are wondering how potential rate changes could impact their bottom lines.
#year
17 days ago
Kimberly-Clark Corporation (NASDAQ:KMB) is preparing **** et sales to address EU antitrust concerns surrounding its planned $40 billion acquisition of Kenvue, according to Reuters. The company is reportedly seeking to offer remedies that could secure European Commission approval by the September 29 deadline, avoiding a more extensive four-month investigation. Similar regulatory concerns have already emerged in Australia, where the deal received conditional approval after Kimberly-Clark agreed to divest Kenvue's Carefree and Stayfree brands.
The transaction is strategically important because it would create a consumer-health and personal-care company with approximately $32 billion of annual revenue and $7 billion of adjusted EBITDA. Kimberly-Clark Corporation (NASDAQ:KMB) expects about $1.9 billion of annual cost synergies and $500 million of revenue synergies, although it expects to invest roughly $2.5 billion in cash to achieve the cost savings. Therefore, the scale of any EU divestitures will be critical to determining whether Kimberly-Clark can retain the expected economic benefits of the deal.
The strongest bullish argument is that Kimberly-Clark Corporation (NASDAQ:KMB) is actively working toward a regulatory solution rather than allowing the EU review to threaten the transaction. If the company can satisfy regulators through limited **** et sales, it could preserve the majority of Kenvue's revenue and earnings while moving ahead with the combination. The expected $1.9 billion in annual cost savings represents a substantial earnings opportunity relative to the combined company's roughly $7 billion adjusted EBITDA target, giving Kimberly-Clark significant potential to improve margins and cash generation after integration.
The Australian precedent also suggests that targeted divestitures could be sufficient to resolve competition concerns without materially undermining the broader deal. Securing EU approval by September 29 would be particularly positive because it would remove a major source of uncertainty and allow Kimberly-Clark Corporation (NASDAQ:KMB) to focus on integration and synergy execution. With Kenvue adding major brands across consumer health and personal care, successful completion could also broaden Kimberly-Clark's portfolio and reduce its reliance on its existing product categories.
The biggest risk is that the EU requires more substantial **** et sales than Kimberly-Clark Corporation (NASDAQ:KMB) currently expects. Giving up attractive Kenvue brands or businesses in Europe could reduce the revenue and EBITDA acquired through the transaction, while Kimberly-Clark would still have to bear much of the financing, transaction, and integration burden. That could make the $40 billion purchase price less attractive on a risk-adjusted basis, particularly if the divested **** ets are among Kenvue's stronger European businesses.
#kimberly #revenue #ebitda
The transaction is strategically important because it would create a consumer-health and personal-care company with approximately $32 billion of annual revenue and $7 billion of adjusted EBITDA. Kimberly-Clark Corporation (NASDAQ:KMB) expects about $1.9 billion of annual cost synergies and $500 million of revenue synergies, although it expects to invest roughly $2.5 billion in cash to achieve the cost savings. Therefore, the scale of any EU divestitures will be critical to determining whether Kimberly-Clark can retain the expected economic benefits of the deal.
The strongest bullish argument is that Kimberly-Clark Corporation (NASDAQ:KMB) is actively working toward a regulatory solution rather than allowing the EU review to threaten the transaction. If the company can satisfy regulators through limited **** et sales, it could preserve the majority of Kenvue's revenue and earnings while moving ahead with the combination. The expected $1.9 billion in annual cost savings represents a substantial earnings opportunity relative to the combined company's roughly $7 billion adjusted EBITDA target, giving Kimberly-Clark significant potential to improve margins and cash generation after integration.
The Australian precedent also suggests that targeted divestitures could be sufficient to resolve competition concerns without materially undermining the broader deal. Securing EU approval by September 29 would be particularly positive because it would remove a major source of uncertainty and allow Kimberly-Clark Corporation (NASDAQ:KMB) to focus on integration and synergy execution. With Kenvue adding major brands across consumer health and personal care, successful completion could also broaden Kimberly-Clark's portfolio and reduce its reliance on its existing product categories.
The biggest risk is that the EU requires more substantial **** et sales than Kimberly-Clark Corporation (NASDAQ:KMB) currently expects. Giving up attractive Kenvue brands or businesses in Europe could reduce the revenue and EBITDA acquired through the transaction, while Kimberly-Clark would still have to bear much of the financing, transaction, and integration burden. That could make the $40 billion purchase price less attractive on a risk-adjusted basis, particularly if the divested **** ets are among Kenvue's stronger European businesses.
#kimberly #revenue #ebitda
17 days ago
Listen and subscribe to Power Players with Brian Sozzi on Apple Podcasts, Amazon Music, Spotify, YouTube, or wherever you find your favorite podcasts.
The ballooning US debt pile is akin to a ticking time bomb for the country, in part because it weakens national security, billionaire Carlyle Group (CG) co-founder David Rubenstein warned.
"We have, as everybody now knows, $40 trillion of debt. Now, historically, if you go back over the last, let's say, 300 or 400 years, whenever a country paid more interest on its debt than it did for its national security, that's a sign of weakness in the country. Right now, we've crossed that threshold," Rubenstein said in a new episode of the Power Players with Brian Sozzi podcast (see video above or listen below).
"We're now paying more in interest every year than we are paying on our national defense, and we're paying a trillion dollars in interest, a little bit more than that now, but we pay about a trillion dollars in national defense," he added. "And as that continues, the interest goes up, and the money available for defense goes down. That tends to weaken your national security."
The numbers surrounding the debt situation are ever more staggering.
#country #defense
The ballooning US debt pile is akin to a ticking time bomb for the country, in part because it weakens national security, billionaire Carlyle Group (CG) co-founder David Rubenstein warned.
"We have, as everybody now knows, $40 trillion of debt. Now, historically, if you go back over the last, let's say, 300 or 400 years, whenever a country paid more interest on its debt than it did for its national security, that's a sign of weakness in the country. Right now, we've crossed that threshold," Rubenstein said in a new episode of the Power Players with Brian Sozzi podcast (see video above or listen below).
"We're now paying more in interest every year than we are paying on our national defense, and we're paying a trillion dollars in interest, a little bit more than that now, but we pay about a trillion dollars in national defense," he added. "And as that continues, the interest goes up, and the money available for defense goes down. That tends to weaken your national security."
The numbers surrounding the debt situation are ever more staggering.
#country #defense
18 days ago
Kimberly-Clark Corporation (NASDAQ:KMB) is preparing ***** et sales to address EU antitrust concerns surrounding its planned $40 billion acquisition of Kenvue, according to Reuters. The company is reportedly seeking to offer remedies that could secure European Commission approval by the September 29 deadline, avoiding a more extensive four-month investigation. Similar regulatory concerns have already emerged in Australia, where the deal received conditional approval after Kimberly-Clark agreed to divest Kenvue's Carefree and Stayfree brands.
The transaction is strategically important because it would create a consumer-health and personal-care company with approximately $32 billion of annual revenue and $7 billion of adjusted EBITDA. Kimberly-Clark Corporation (NASDAQ:KMB) expects about $1.9 billion of annual cost synergies and $500 million of revenue synergies, although it expects to invest roughly $2.5 billion in cash to achieve the cost savings. Therefore, the scale of any EU divestitures will be critical to determining whether Kimberly-Clark can retain the expected economic benefits of the deal.
The strongest bullish argument is that Kimberly-Clark Corporation (NASDAQ:KMB) is actively working toward a regulatory solution rather than allowing the EU review to threaten the transaction. If the company can satisfy regulators through limited ***** et sales, it could preserve the majority of Kenvue's revenue and earnings while moving ahead with the combination. The expected $1.9 billion in annual cost savings represents a substantial earnings opportunity relative to the combined company's roughly $7 billion adjusted EBITDA target, giving Kimberly-Clark significant potential to improve margins and cash generation after integration.
The Australian precedent also suggests that targeted divestitures could be sufficient to resolve competition concerns without materially undermining the broader deal. Securing EU approval by September 29 would be particularly positive because it would remove a major source of uncertainty and allow Kimberly-Clark Corporation (NASDAQ:KMB) to focus on integration and synergy execution. With Kenvue adding major brands across consumer health and personal care, successful completion could also broaden Kimberly-Clark's portfolio and reduce its reliance on its existing product categories.
The biggest risk is that the EU requires more substantial ***** et sales than Kimberly-Clark Corporation (NASDAQ:KMB) currently expects. Giving up attractive Kenvue brands or businesses in Europe could reduce the revenue and EBITDA acquired through the transaction, while Kimberly-Clark would still have to bear much of the financing, transaction, and integration burden. That could make the $40 billion purchase price less attractive on a risk-adjusted basis, particularly if the divested ***** ets are among Kenvue's stronger European businesses.
#revenue
The transaction is strategically important because it would create a consumer-health and personal-care company with approximately $32 billion of annual revenue and $7 billion of adjusted EBITDA. Kimberly-Clark Corporation (NASDAQ:KMB) expects about $1.9 billion of annual cost synergies and $500 million of revenue synergies, although it expects to invest roughly $2.5 billion in cash to achieve the cost savings. Therefore, the scale of any EU divestitures will be critical to determining whether Kimberly-Clark can retain the expected economic benefits of the deal.
The strongest bullish argument is that Kimberly-Clark Corporation (NASDAQ:KMB) is actively working toward a regulatory solution rather than allowing the EU review to threaten the transaction. If the company can satisfy regulators through limited ***** et sales, it could preserve the majority of Kenvue's revenue and earnings while moving ahead with the combination. The expected $1.9 billion in annual cost savings represents a substantial earnings opportunity relative to the combined company's roughly $7 billion adjusted EBITDA target, giving Kimberly-Clark significant potential to improve margins and cash generation after integration.
The Australian precedent also suggests that targeted divestitures could be sufficient to resolve competition concerns without materially undermining the broader deal. Securing EU approval by September 29 would be particularly positive because it would remove a major source of uncertainty and allow Kimberly-Clark Corporation (NASDAQ:KMB) to focus on integration and synergy execution. With Kenvue adding major brands across consumer health and personal care, successful completion could also broaden Kimberly-Clark's portfolio and reduce its reliance on its existing product categories.
The biggest risk is that the EU requires more substantial ***** et sales than Kimberly-Clark Corporation (NASDAQ:KMB) currently expects. Giving up attractive Kenvue brands or businesses in Europe could reduce the revenue and EBITDA acquired through the transaction, while Kimberly-Clark would still have to bear much of the financing, transaction, and integration burden. That could make the $40 billion purchase price less attractive on a risk-adjusted basis, particularly if the divested ***** ets are among Kenvue's stronger European businesses.
#revenue
18 days ago
Listen and subscribe to Power Players with Brian Sozzi on Apple Podcasts, Amazon Music, Spotify, YouTube, or wherever you find your favorite podcasts.
The ballooning US debt pile is akin to a ticking time bomb for the country, in part because it weakens national security, billionaire Carlyle Group (CG) co-founder David Rubenstein warned.
"We have, as everybody now knows, $40 trillion of debt. Now, historically, if you go back over the last, let's say, 300 or 400 years, whenever a country paid more interest on its debt than it did for its national security, that's a sign of weakness in the country. Right now, we've crossed that threshold," Rubenstein said in a new episode of the Power Players with Brian Sozzi podcast (see video above or listen below).
"We're now paying more in interest every year than we are paying on our national defense, and we're paying a trillion dollars in interest, a little bit more than that now, but we pay about a trillion dollars in national defense," he added. "And as that continues, the interest goes up, and the money available for defense goes down. That tends to weaken your national security."
The numbers surrounding the debt situation are ever more staggering.
#interest #power
The ballooning US debt pile is akin to a ticking time bomb for the country, in part because it weakens national security, billionaire Carlyle Group (CG) co-founder David Rubenstein warned.
"We have, as everybody now knows, $40 trillion of debt. Now, historically, if you go back over the last, let's say, 300 or 400 years, whenever a country paid more interest on its debt than it did for its national security, that's a sign of weakness in the country. Right now, we've crossed that threshold," Rubenstein said in a new episode of the Power Players with Brian Sozzi podcast (see video above or listen below).
"We're now paying more in interest every year than we are paying on our national defense, and we're paying a trillion dollars in interest, a little bit more than that now, but we pay about a trillion dollars in national defense," he added. "And as that continues, the interest goes up, and the money available for defense goes down. That tends to weaken your national security."
The numbers surrounding the debt situation are ever more staggering.
#interest #power
18 days ago
Parnassus Investments, an investment management company, released the "Parnassus Growth Equity Fund" second-quarter 2026 investor letter. The letter can be downloaded here. During the quarter, the Fund (Investor Shares) returned 17.49% (net of fees), outperforming the Russell 1000 Growth Index's 16.74%. Holdings in Information Technology and Consumer Discretionary sectors boosted relative returns, while Communication Services and Financials holdings detracted. For the year-to-date period, the Fund returned 6.17% (net of fees), outperforming the Russell 1000 Growth's 5.33%. The firm remains constructively bullish on U.S. equities and continues to be selective, valuation-sensitive, and focused on disruptive growth opportunities through active stock selection. Growth stocks advanced during the second quarter, as the Russell 1000 Growth Index generated strong double-digit returns driven by increased confidence in the durability of the ongoing artificial intelligence (AI) infrastructure build-out. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Parnassus Growth Equity Fund highlighted Medline Inc. (NASDAQ:MDLN). Medline Inc. (NASDAQ:MDLN) manufactures med-surg products serving hospitals, surgery centers, physician offices, post-acute facilities, and nursing home sites of care. On September 15, 2026, Medline Inc. (NASDAQ:MDLN) closed at $36.59 per share. Over the past month, Medline Inc. (NASDAQ:MDLN) declined 4.23%, and YTD its shares lost 22.68%. Medline Inc. has a market capitalization of $42.22 billion.
Parnassus Growth Equity Fund stated the following regarding Medline Inc. (NASDAQ:MDLN) in its Q2 2026 investor letter:
"Medline Inc. (NASDAQ:MDLN) shares declined as medical technology stocks broadly came under pressure. The company also faced near term concerns surrounding tariffs and higher transportation costs, though we remain confident in its long-term competitive positioning."
Medline Inc. (NASDAQ:MDLN) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 52 hedge fund portfolios held Medline Inc. (NASDAQ:MDLN) at the end of the second quarter which was 65 in the previous quarter. While we acknowledge the potential of Medline Inc. (NASDAQ:MDLN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#medline #fund
In its second-quarter 2026 investor letter, Parnassus Growth Equity Fund highlighted Medline Inc. (NASDAQ:MDLN). Medline Inc. (NASDAQ:MDLN) manufactures med-surg products serving hospitals, surgery centers, physician offices, post-acute facilities, and nursing home sites of care. On September 15, 2026, Medline Inc. (NASDAQ:MDLN) closed at $36.59 per share. Over the past month, Medline Inc. (NASDAQ:MDLN) declined 4.23%, and YTD its shares lost 22.68%. Medline Inc. has a market capitalization of $42.22 billion.
Parnassus Growth Equity Fund stated the following regarding Medline Inc. (NASDAQ:MDLN) in its Q2 2026 investor letter:
"Medline Inc. (NASDAQ:MDLN) shares declined as medical technology stocks broadly came under pressure. The company also faced near term concerns surrounding tariffs and higher transportation costs, though we remain confident in its long-term competitive positioning."
Medline Inc. (NASDAQ:MDLN) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 52 hedge fund portfolios held Medline Inc. (NASDAQ:MDLN) at the end of the second quarter which was 65 in the previous quarter. While we acknowledge the potential of Medline Inc. (NASDAQ:MDLN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#medline #fund
19 days ago
Florence Pugh mesmerized fans with a stunning look from Vivienne Westwood. Attending the Emmy Awards in Los Angeles, the British star captivated photographers instantly on the carpet, posing in a flowy dress elegantly slipping off her shoulders. She proved once again that dramatic silhouettes suit her style perfectly.
this might be the best florence pugh has ever looked in a dress ngl like stunning pic.twitter.com/dRqbc2bGtT
— séléna ☆ (selenaslifetime) September 14, 2026
For the prestigious television event, Florence Pugh selected a custom lilac gown designed by legendary British fashion house Vivienne Westwood. The enchanting gown features a signature structured corset bodice that nips in tightly at the waist. Delicate, sheer lavender chiffon drapes loosely around the arms, slipping gracefully off the shoulders. The form-fitting skirt hugged her hips before cascading into a dramatic, sweeping train that glided across the floor.
The actress moved with pure grace while posing for the surrounding cameras. As showcased in a popular Instagram post, the gown features an alluring low-cut, backless design. She turned around sideways and glanced back over her shoulder, flashing a confident smile at photographers. The sheer off-the-shoulder sleeves fluttered softly as she walked down the event carpet, creating an ethereal fairytale effect under the bright venue lights.
#vivienne #westwood #british
this might be the best florence pugh has ever looked in a dress ngl like stunning pic.twitter.com/dRqbc2bGtT
— séléna ☆ (selenaslifetime) September 14, 2026
For the prestigious television event, Florence Pugh selected a custom lilac gown designed by legendary British fashion house Vivienne Westwood. The enchanting gown features a signature structured corset bodice that nips in tightly at the waist. Delicate, sheer lavender chiffon drapes loosely around the arms, slipping gracefully off the shoulders. The form-fitting skirt hugged her hips before cascading into a dramatic, sweeping train that glided across the floor.
The actress moved with pure grace while posing for the surrounding cameras. As showcased in a popular Instagram post, the gown features an alluring low-cut, backless design. She turned around sideways and glanced back over her shoulder, flashing a confident smile at photographers. The sheer off-the-shoulder sleeves fluttered softly as she walked down the event carpet, creating an ethereal fairytale effect under the bright venue lights.
#vivienne #westwood #british
19 days ago
Florence Pugh mesmerized fans with a stunning look from Vivienne Westwood. Attending the Emmy Awards in Los Angeles, the British star captivated photographers instantly on the carpet, posing in a flowy dress elegantly slipping off her shoulders. She proved once again that dramatic silhouettes suit her style perfectly.
this might be the best florence pugh has ever looked in a dress ngl like stunning pic.twitter.com/dRqbc2bGtT
— séléna ☆ (selenaslifetime) September 14, 2026
For the prestigious television event, Florence Pugh selected a custom lilac gown designed by legendary British fashion house Vivienne Westwood. The enchanting gown features a signature structured corset bodice that nips in tightly at the waist. Delicate, sheer lavender chiffon drapes loosely around the arms, slipping gracefully off the shoulders. The form-fitting skirt hugged her hips before cascading into a dramatic, sweeping train that glided across the floor.
The actress moved with pure grace while posing for the surrounding cameras. As showcased in a popular Instagram post, the gown features an alluring low-cut, backless design. She turned around sideways and glanced back over her shoulder, flashing a confident smile at photographers. The sheer off-the-shoulder sleeves fluttered softly as she walked down the event carpet, creating an ethereal fairytale effect under the bright venue lights.
#pugh #vivienne #stunning
this might be the best florence pugh has ever looked in a dress ngl like stunning pic.twitter.com/dRqbc2bGtT
— séléna ☆ (selenaslifetime) September 14, 2026
For the prestigious television event, Florence Pugh selected a custom lilac gown designed by legendary British fashion house Vivienne Westwood. The enchanting gown features a signature structured corset bodice that nips in tightly at the waist. Delicate, sheer lavender chiffon drapes loosely around the arms, slipping gracefully off the shoulders. The form-fitting skirt hugged her hips before cascading into a dramatic, sweeping train that glided across the floor.
The actress moved with pure grace while posing for the surrounding cameras. As showcased in a popular Instagram post, the gown features an alluring low-cut, backless design. She turned around sideways and glanced back over her shoulder, flashing a confident smile at photographers. The sheer off-the-shoulder sleeves fluttered softly as she walked down the event carpet, creating an ethereal fairytale effect under the bright venue lights.
#pugh #vivienne #stunning
19 days ago
FC Barcelona have begun the process of renewing defender Gerard Martín's contract, per multiple reports. The 24-year-old footballer has risen through the ranks and become an important part of manager Hansi Flick's set-up.
Barça are said to be looking to tie him up for longer, with a bigger release clause and a higher salary. There is reportedly no hurry on either side, as he has a contract until 2028. There is a sense of optimism surrounding the negotations, as the team is happy with his performances and the player wants to stay.
Barça reportedly see him continuing to be a key part of the squad and possibly even improving as time goes on. A Barcelona native, Martín was a product of UE Cornellà's academy before going to Barcelona's B team. Reports say he's happy to stay with his hometown club.
So far, there have been no concrete negotiations or even a set date for a meeting on the matter. All that has been reported are preliminary conversations.
A left-back by training, he has broken through as a center-back under Flick. With Ronald Araujo on loan to Liverpool FC, Barça are set to use Martín often this season alongside Pau Cubarsí. There was talk of a potential center-back signing, though none came. Andreas Christensen has split duties as the other center-back to start this season. Barça also has Eric Garcia, though he often plays as a full-back.
#back #Barcelona #part #team
Barça are said to be looking to tie him up for longer, with a bigger release clause and a higher salary. There is reportedly no hurry on either side, as he has a contract until 2028. There is a sense of optimism surrounding the negotations, as the team is happy with his performances and the player wants to stay.
Barça reportedly see him continuing to be a key part of the squad and possibly even improving as time goes on. A Barcelona native, Martín was a product of UE Cornellà's academy before going to Barcelona's B team. Reports say he's happy to stay with his hometown club.
So far, there have been no concrete negotiations or even a set date for a meeting on the matter. All that has been reported are preliminary conversations.
A left-back by training, he has broken through as a center-back under Flick. With Ronald Araujo on loan to Liverpool FC, Barça are set to use Martín often this season alongside Pau Cubarsí. There was talk of a potential center-back signing, though none came. Andreas Christensen has split duties as the other center-back to start this season. Barça also has Eric Garcia, though he often plays as a full-back.
#back #Barcelona #part #team