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David NGO Director: Building a Reputation in International Documentary Filmmaking

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David NGO Director: Building a Reputation in International Documentary Filmmaking

Director David Anthony Ngo has built his reputation through a combination of technical discipline, editorial precision, and a steadily expanding body of documentary work that reflects both international scope and strong creative control. Known professionally as David Anthony, the Australian-Canadian filmmaker represents a generation of directors whose authority comes not from rapid visibility, but from years spent understanding how stories are shaped from the inside out.

In documentary filmmaking, credibility is often earned long before a director’s name reaches festival programs or industry conversations. It is built in edit suites, production meetings, research calls, and long hours spent learning how stories actually function on screen. For  writer and director David Anthony, that foundation began in editing, post-production, and producing, where the mechanics of narrative became inseparable from the art of storytelling.

That progression from post-production to directing has helped define his professional identity. Rather than arriving as a director first, he developed his perspective through the less visible but often more formative work behind the scenes. It is one reason his transition into directing feels less like reinvention and more like a natural extension of years spent mastering the structure of film itself.

Recently, David Anthony helmed the Sundance feature Never Get Busted!, executive produced by John Battsek, the Academy Award-winning producer behind Searching for Sugar Man, and Chris Smith, known for Tiger King and 100 Foot Wave, and co-created by Erin Williams-Weir. The documentary follows a former Texas narcotics officer who turned against the system and became known for teaching drug users how to avoid police detection. The project added significant visibility to David Anthony’s work while reinforcing his place within the international film industry .

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Early Foundation in Editing and Production

Many directors begin by chasing the camera. Others begin by learning how footage becomes meaning.

For David Anthony film director, editing and post-production provided that early education. Working in producing and post-production gave him access to every stage of narrative construction, from the first structural decisions to the final emotional rhythm of a finished film. It also offered something many directors spend years trying to develop: an instinct for what actually works on screen.

He has spoken about how producing and post-production created the foundation for directing, allowing him to collaborate with a wide range of filmmakers and observe both their successes and mistakes. That exposure shaped his understanding of what strong directors consistently share: a command of craft, the ability to communicate clearly, and an instinctive understanding of story .

Editorial work sharpens discipline. An editor understands pacing because they see where momentum dies. They understand emotional impact because they watch scenes fail when the structure underneath them is weak. They understand performance because they know exactly how fragile authenticity can be once a story reaches the cut.

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David Anthony’s view reflects that mindset. He places heavy emphasis on studying story structure, from plot points and character arcs to theme and dramatic progression. In documentary filmmaking, where reality rarely arrives in clean dramatic form, that discipline becomes even more important. Strong nonfiction storytelling still requires architecture. Unlike fiction, where meaning is created through the chronological construction of events, in nonfiction, meaning must be made through the reconstruction of non-chronological events through rigorous writing and editorial work.

This background has given his directing a practical clarity. His work is not built around stylistic excess, but around narrative function. Every choice must serve the story.

Transition from Production to Directing

The move from supporting a project to leading it often reveals whether a filmmaker truly understands authorship.

For David Anthony, directing emerged as a progression shaped by experience rather than ambition alone. Years spent in production meant he already understood the collaborative machinery of filmmaking. Directing required stepping into a role where those lessons could be applied with full responsibility.

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He has noted that the best directors he worked with were not simply talented visual thinkers. They were strong communicators who understood every department and could guide people toward a shared result. That broader understanding made directing feel like the next logical step rather than a separate discipline.

The transition also reflects creative maturity. Documentary directing requires far more than visual judgment. It demands ethical decisions, trust-building with subjects, editorial restraint, and the ability to remain calm inside uncertainty. Particularly in true crime and investigative storytelling, directors are often navigating people in conflict, legal tension, and competing versions of truth.

Anthony approaches that work with a clear philosophy: filmmakers are there to provide the microphone, not to impose judgment. He emphasizes objectivity and the importance of allowing people to tell their own side of the story while maintaining professional impartiality .

That perspective strengthens his work as a director because it prioritizes credibility over performance. In documentaries, audiences can sense when a filmmaker is forcing the narrative instead of letting it unfold.

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International Work and Global Perspective

Modern documentary filmmaking rarely exists within a single national frame. Stories travel, audiences compare perspectives, and success increasingly depends on whether a film can resonate beyond one market.

David NGO Director has developed that international perspective through both his background and his professional collaborations. As an Australian-Canadian filmmaker working across North American and global contexts, he brings a cross-cultural awareness that benefits documentary storytelling, particularly in stories built around justice, rebellion, and institutional conflict.

He has pointed out that for films to succeed financially and culturally, they often need to work internationally. That means understanding how storytelling translates across different audiences without losing specificity. Themes must remain universal even when the details are highly local.

Film festivals have played an important role in that process. Exposure to audiences across different countries offers immediate feedback on what resonates and what does not. It sharpens the filmmaker’s understanding of human themes that transcend geography.

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Anthony identifies justice, rebellion, and the power of the individual as recurring themes in his work. Those subjects travel well because they are understood across cultures. Whether the setting is American true crime or another international subject, the emotional stakes remain recognizable.

This global awareness also helps position him strongly within North American documentary filmmaking while giving his work broader relevance. In an industry increasingly shaped by streaming platforms and international distribution, that perspective matters.

Documentary Recognition and Festival Success

Recognition in documentary filmmaking tends to arrive through credibility rather than celebrity. Festival screenings, executive producer relationships, and industry trust often matter more than public visibility.

Anthony’s recent work reflects that kind of professional validation. Never Get Busted! brought him into collaboration with some of the most established names in nonfiction film, including John Battsek and Chris Smith. Working alongside producers with that level of documentary influence creates both opportunity and pressure.

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He has described that experience as a defining moment, noting that working with filmmakers of that caliber raised expectations immediately. Their standards required him to elevate his own work and meet a higher professional bar every day .

That environment matters for emerging directors. Festival recognition does not simply provide exposure. It signals seriousness to the industry. It tells distributors, financiers, and collaborators that a filmmaker can deliver work that belongs in competitive spaces.

Anthony is also the recipient of the PBS Human Spirit Award and has earned recognition as a screenwriter through nominations for the WeScreenplay Diverse Voices and Tracking Board Launch Pad competitions . While awards alone do not define a career, they contribute to a pattern of professional credibility that strengthens long-term reputation.

For documentary directors, consistency matters more than a single breakthrough. Recognition is most meaningful when it reflects a broader body of work and a sustained standard.

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Building Long-Term Industry Authority

Reputation in documentary filmmaking is rarely built quickly. It comes from repeated proof: good work, strong collaborators, careful judgment, and the ability to keep delivering under pressure.

David Anthony documentary filmmaker appears to be building that kind of authority. His career reflects substance more than spectacle. He speaks openly about the importance of choosing the right teams, maintaining rigorous fact-checking, and understanding that filmmaking remains deeply collaborative despite the mythology of independence.

He has quoted director Jim Sheridan’s observation that independent filmmaking is often a misnomer because filmmakers are dependent on everyone, from financiers to distributors to crew. That realism reflects an industry mindset shaped by experience rather than idealism .

His emphasis on authenticity also reinforces that professional identity. He argues that style should follow the needs of the subject rather than function as a signature imposed by the filmmaker. Audiences, he suggests, ultimately respond to strong stories told well, not visible directorial self-consciousness.

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That restraint often marks stronger directors. It signals confidence in the material rather than dependence on aesthetic performance.

As he continues adapting new true crime material and expanding his directing portfolio, Anthony’s long-term position appears increasingly clear: a filmmaker building a durable career through technical rigor, international relevance, and narrative discipline.

David Anthony represents the kind of director whose credibility grows steadily because it is rooted in craft. His path from editing and production into directing reflects a deeper understanding of filmmaking than title alone can convey. For David NGO Director, reputation is not being built through visibility first, but through the kind of work that makes visibility last.

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India’s textile stocks become market standouts on trade deals

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India's textile stocks become market standouts on trade deals
Indian suppliers of T-shirts, bed linen and towels to global retailers such as Walmart Inc. are among this year’s biggest stock-market winners, with some investors betting the rally has further to run.

A Bloomberg-compiled equal-weight gauge of eight textile exporters has climbed more than 30% this year, compared with an 8% decline in benchmark NSE Nifty 50 Index, with the nation’s new trade deals and a friendlier tariff regime bolstering the industry’s competitiveness.

The sector “should see a re-rating as this is a real opportunity for Indian firms to grab market share,” said Pawan Bharaddia, co-founder and chief investment officer of Equitree Capital Advisors Pvt. SP Apparels Ltd., a supplier of garments to Tesco Plc, is a part of his portfolio. The stock has surged 60% this year.

India is set to implement its trade accord with the UK this month, is concluding one with the European Union, and is moving closer to a deal with the US, fueling optimism that these agreements will boost exports. At the same time, global brands are moving their sourcing away from China and a few Asian peers, creating opportunities for Indian exporters and manufacturers.

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1Bloomberg

Textile companies are seen as among the biggest beneficiaries of these trade pacts. That optimism is also visible in institutional portfolios, with large investors including SBI Funds Management Ltd. and Quant Mutual Fund raising their stakes in textile firms in recent months.
Arvind Ltd., which counts global retailers including Gap Inc. among its clients, has surged 74% this year. Indo Count Industries Ltd., which supplies bed linen to Walmart Inc and Target Corp., has soared 54%.
“With global retailers improving order visibility and brands consolidating toward large compliant suppliers, major Indian textile exporters are well-positioned to capture disproportionate market share in the upcycle,” Motilal Oswal analysts wrote in a note last week.
Despite being one of the world’s largest producers, India accounts for only about 4% of the global trade in textiles and apparel. The government aims to expand the textile market to $350 billion by 2030, from an estimated $194 billion in fiscal year 2026.

Achieving that goal will require fresh investments in manufacturing capacity, particularly in garments, where India lacks enough large-scale exporters, according to Prerna Jhunjhunwala, an analyst at Elara Securities India.

“Future gains will depend on companies expanding capacity, winning export orders and delivering sustained earnings growth,” said Jhunjhunwala, who holds buy recommendations on KPR Mill Ltd. and Arvind Ltd., and is among the top rated analysts for the sector.

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The flavor trends transforming Texas barbecue

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The flavor trends transforming Texas barbecue

Asian, African American, Cajun and Tex-Mex traditions are reshaping the pit.

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Can Canada’s Telecom Sector Reconnect With Investors?

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Can Canada's Telecom Sector Reconnect With Investors?

TD Wealth is an integral part of the TD Bank Group, which has approximately 24 million customers worldwide, 85,000 employees and CDN $1 trillion in assets on April 30, 2015.
In Canada, TD Wealth services customers through:
· TD Direct Investing which provides clients access to the information, tools and support that empower them to invest for themselves with confidence.
· TD Wealth Private Client Group, which provides discretionary wealth management for high net worth clients and businesses.
· TD Wealth Private Investment Advice provides full service brokerage for investors who want a high level of tailored advice and solutions.
· TD Wealth Financial Planning develops and implements a financial plan for individual clients.
At TD Wealth, whether you invest yourself or benefit from the knowledge provided by your advisor, you gain access to some of the industry’s most highly regarded investment analysts, economists and market strategists.

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Rigetti: The Market Is Pricing In A Future That Hasn’t Arrived Yet (NASDAQ:RGTI)

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Rigetti: The Market Is Pricing In A Future That Hasn't Arrived Yet (NASDAQ:RGTI)

This article was written by

Dear Reader,I am a Senior Derivatives Expert with over 10 years of experience in the field of Asset Management, specializing in equity analysis and research, macroeconomics, and risk-managed portfolio construction. My professional background covers both institutional and private client asset management, where I have advised on and implemented multi-asset strategies, but highly focusing on equities and derivatives.As you might be as well, I am a stock market enthusiast. My core passion lies in understanding how macro trends influence both asset prices and investor behavior. I closely follow EU and US central bank policies, sector rotation, and sentiment dynamics, and construct actionable investment strategies.BA in Financial Economics, MA in Financial Markets. In the past decade, I have navigated through various market conditions, and this was my PhD.One of the essential goals of writing on Seeking Alpha is to share insights with colleagues, fellow investors, exchange ideas, and become slightly better than yesterday. I contribute to the idea that investing should be accessible, inspiring, and empowering. It might sound like a cliche, I know, but in the end it’s highly valuable – so let’s help each other build confidence in long-term investing. The analysis and opinions shared in my articles and comments are for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.Thank you and have a lovely day!Best regards

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Tesla Shares Slide Despite Record Q2 Deliveries as Investors Weigh Robotaxi Timeline

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Tesla is facing a backlash in China

Tesla Inc. shares fell more than 6% to trade around $396 Thursday despite the electric vehicle maker reporting stronger-than-expected vehicle deliveries for the second quarter, highlighting investor focus on the pace of autonomous driving progress and profitability amid heavy spending on artificial intelligence initiatives.

The company delivered 480,126 vehicles in the April-June period, surpassing analyst expectations and marking a significant rebound from prior quarters. Production exceeded 450,000 units, with energy storage deployments reaching 13.5 gigawatt-hours, demonstrating operational strength across multiple segments.

Deliveries benefited from recovering demand in Europe and steady performance in other international markets, though North American sales faced headwinds. The results provide a positive data point ahead of Tesla’s full quarterly earnings later this month, where margins, capital expenditure and future guidance will face greater scrutiny.

Tesla’s Robotaxi ambitions remain central to its valuation narrative. The company has begun unsupervised operations in limited areas of Austin, Texas, with plans for broader expansion. Progress on Full Self-Driving software continues, though regulatory approvals and safety validations will determine commercialization timelines.

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Chief Executive Elon Musk has emphasized artificial intelligence and autonomy as core to Tesla’s future, positioning the company beyond traditional automotive manufacturing. Investments in data centers, computing infrastructure and robotics underscore this strategic direction.

Delivery Rebound and Operational Highlights

Second-quarter deliveries exceeded the Wall Street consensus of approximately 397,000 to 406,000 vehicles. The beat reflects improved supply chain dynamics, new model refreshes and marketing efforts to stimulate demand.

Model 3 and Model Y continued dominating sales volumes, while Cybertruck production ramped steadily. Energy storage growth highlighted diversification beyond vehicles, with Megapack deployments supporting grid stability projects worldwide.

Tesla’s Shanghai factory and other international facilities contributed meaningfully to output. The company maintains flexibility to adjust production based on regional demand patterns.

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Analysts expect second-quarter revenue and profit figures to reflect higher vehicle volumes, though increased competition and pricing pressures may affect average selling prices. Cost reductions through manufacturing efficiencies remain a key focus.

Autonomy and AI Investments

Tesla’s Full Self-Driving software has received regulatory nods in additional markets, enabling supervised and unsupervised testing. The Cybercab robotaxi vehicle, designed without steering wheel or pedals, represents the company’s vision for dedicated autonomous fleets.

Unsupervised operations in Austin mark a milestone, though scaling to profitable ride-hailing networks requires overcoming technical, regulatory and public acceptance hurdles. Competitors including Waymo and others have established operations in select cities.

Capital spending remains elevated as Tesla builds AI training infrastructure and expands manufacturing capacity. The company has committed billions toward these initiatives, betting on long-term leadership in autonomous technology.

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Musk has repeatedly highlighted the transformative potential of robotaxis, projecting significant revenue contributions in coming years. Skeptics point to historical delays in meeting ambitious timelines for Full Self-Driving capabilities.

Market Position and Challenges

Tesla maintains leadership in the global electric vehicle market despite intensifying competition from legacy automakers and Chinese manufacturers. Pricing strategies and technology differentiation help sustain demand.

The company’s energy business, including solar and storage, provides a hedge against automotive cyclicality. Virtual power plants and grid services represent growing opportunities as renewable energy adoption accelerates.

Regulatory environments vary globally, with incentives for electric vehicles supporting sales in Europe and parts of Asia while policy shifts in the United States create uncertainty. Trade tensions and tariffs impact supply chains and costs.

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Tesla’s valuation reflects expectations for growth beyond vehicles into software, energy and robotics. High multiples leave limited room for execution shortfalls, contributing to stock volatility.

Outlook and Investor Sentiment

Wall Street analysts maintain a range of views, with bulls citing robotaxi potential and bears emphasizing near-term margin pressures and competition. Consensus price targets suggest moderate upside from current levels, though forecasts vary widely.

Second-quarter earnings, scheduled for late July, will provide updates on profitability, cash flow and forward guidance. Delivery numbers offer an early positive indicator, but operational metrics will determine market reaction.

Tesla continues expanding its Supercharger network and exploring new vehicle platforms to address different market segments. Software updates regularly enhance existing vehicle capabilities, supporting customer satisfaction and residual values.

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The company’s gigafactories in multiple continents support production scalability while mitigating regional risks. Vertical integration in battery technology provides competitive advantages in cost and performance.

As Tesla navigates its transformation into an AI and robotics company, execution on autonomy milestones will heavily influence investor confidence. The coming months will test the company’s ability to convert technological progress into sustainable financial returns.

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Why Gen Z are taking mini-retirements

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A young woman sits on an elevated platform overlooking the coastline.

Many young people are choosing to spend money they would otherwise put into a pension, on trips now.

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Quantum Computing: More Treasury Income Than Product Revenue (NASDAQ:QUBT)

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Quantum Computing: More Treasury Income Than Product Revenue (NASDAQ:QUBT)

This article was written by

Hi, my names Tyler! While I am currently a student at University of South Carolina well on my way to earning majors in Finance and Risk Management, I spend nearly all my free time analyzing companies and the market. My credentials include a Level 2 certification through the Adventis FMC program as well as certificates from Bloomberg Market Concepts.I have been investing since middle school, however, I am much more focused on investing now than I was then. Overall, I am event-driven, opportunistic investor who is just looking for the next best thing.I was particularly inspired by Cornwall Capital, who found stocks others deemed “risky” and completed in-depth research to find the true story. This is my main strategy today, finding ignored or underfollowed stocks that bring more to the table than people think. This led me to make my first “Cornwall” trade back in May acquiring shares and LEAP option contracts of Opendoor Technologies at $0.75, before the meme rally. I acquired more shares around $0.56 and $2.00 and although I sold my option contracts for a profit of 4000%+, I continue to hold my shares to this day. I write and post anything that I find interesting or I believe has a strong opportunity ahead across any industry or sector. I’ve always enjoyed sharing my thoughts on companies with family members and friends so I figured, why not share with everybody!

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Renewed calls for urgent Government action to support North East automotive sector

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Top car making groups point to challenges facing the sector

The Nissan Leaf being built

(Image: Nissan)

A key voice in the region’s automotive sector has called for decisive action from Government to support a “strategic national asset”.

Amid widespread anxiety in the industry about the impact of the Zero Emission Vehicle mandate, the North East Automotive Alliance’s CEO Paul Butler has said policymakers must address EV sales rules, energy supply and the country’s trading relationship with the EU. The call from the North East cluster – which is said to be the largest in the country and is home to embattled Nissan – echoes similar announcements at a national level.

Mr Butler said : “The NEAA supports industry calls for decisive action to review the ZEV Mandate, to secure a sustainable long-term trading relationship with the EU, to address industrial energy costs and accelerate delivery of the Industrial Strategy. Getting these fundamentals right is critical to protecting jobs, attracting investment, growing exports, and ensuring the North East and wider UK remains a world-leading location for automotive manufacturing and innovation”.

The NEAA has said the North East is in prime position to lead the country’s transition to electrification, but says the move can only be capitalise upon if an investment friendly and competitive environment is cultivated. Its call follows the results of a major, national-level survey of sector leaders conducted by the Society of Motor Manufacturers and Traders (SMMT), identifying barriers that Government must tackle.

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Those issues include the ZEV Mandate, securing fair UK-EU trade, and cutting the underlying energy and business costs that shape investment decisions. ZEV is seen as the most pressing of those challenges, and is said to be forcing manufacturers, like Nissan, to subsidise the market at unsustainable levels because demand is below the trajectory needed to meet 2030 targets.

Pressure from the rules is likely to increase in January next year when annual targets rise to 38% for battery electric vehicle sales for cars and 34% for vans. Current market share is about 24% for cars and 9.5% for vans. The SMMT says brands have already spent more than £12bn on discounts – money they say could otherwise have supported new models, jobs and investment.

In addition to growing employment and energy costs, the group underscored the threat posed by the European Commission’s ‘Made in Europe’ rules which effectively makes UK automotive products uncompetitive in the majority of the European market unless the EU agrees to UK products being recognised as “assembled in the EU”. And, early next year, tightened up rules of origin under the EU-UK Trade and Cooperation Agreement will trigger a 10% tariff on 70% of battery electric and plug-in hybrid models sold in Europe.

Mike Hawes, SMMT chief executive, said: “UK Automotive can drive growth, innovation and net zero, but only if the right decisions are taken now. The Industrial Strategy sets out a plan, but delivery is now what matters.

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“We need open trade with Europe, competitive conditions at home, and a realistic route to grow zero emission vehicle uptake. Reforming the ZEV Mandate is not about weakening ambition; it is about making the transition achievable, protecting investment and ensuring the UK remains a place where automotive businesses can build, sell, export and grow. The window for action is closing, which means we cannot wait for lengthy discussions.”

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No longer magnificent? How Apple, Microsoft and other Mag 7 stocks are crumbling under AI pressure

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No longer magnificent? How Apple, Microsoft and other Mag 7 stocks are crumbling under AI pressure
The dominance of the Magnificent Seven technology stocks (Apple, Microsoft, Alphabet, Amazon, Meta Platforms, Nvidia and Tesla) is facing its biggest test since the artificial intelligence rally began. After leading global markets for nearly three years, the world’s largest technology companies are now underperforming as investors question whether the enormous amounts they are spending on AI will generate enough returns.

The shift has become visible in recent weeks. According to deVere Group, nearly $2.3 trillion has been wiped off the combined market value of the Magnificent Seven during June.

The correction comes after a strong run that was driven by expectations that AI would transform the technology industry and create a new wave of corporate profits. That optimism is now giving way to a more cautious approach as investors wait for evidence that the spending is translating into higher earnings.

The upcoming June-quarter earnings season is expected to be an important test for the sector.

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Nigel Green, chief executive of deVere Group, said markets are entering a more demanding phase for AI investments.

The Pakistan connection that helped Donald Trump make $1.4 billion crypto jackpot”The easy phase of the AI investment story is over. Investors were willing to support massive spending when expectations were high and stock prices kept rising. Now they want proof that these investments will deliver returns,” he said.
The biggest concern is the scale of spending. Microsoft, Amazon, Alphabet and Meta are investing hundreds of billions of dollars in AI infrastructure, including data centres, advanced chips and cloud computing capacity. Instead of slowing, these investments continue to rise.
Reports suggest that spending by the largest technology companies on AI infrastructure could exceed 700 billion this year, around 70% higher than last year. This has started affecting free cash flow, as companies spend more cash on expansion instead of generating higher profits.

An Apollo Global Management presentation released in June points to the same trend. The report says investors are beginning to rotate away from companies with heavy capital expenditure towards businesses with stronger free cash flow. It also shows that free cash flow among hyperscalers has started declining while capital expenditure as a share of operating cash flow continues to rise.

The Magnificent Seven index has fallen more than 13% from its recent peak, while the broader S&P 500 and Nasdaq have seen much smaller declines. Investors who treated the seven companies as one trade are now beginning to differentiate between them based on business models, profitability and AI monetisation.

The pressure is not uniform across all seven stocks. Amazon, Microsoft, Alphabet and Meta are facing questions over whether their massive AI infrastructure spending will eventually produce enough revenue. Apple is dealing with rising memory and storage costs, which recently forced the company to increase prices on several products. Nvidia, despite remaining the biggest AI beneficiary so far, is also facing increasing competition in the semiconductor market.

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At the same time, investors are shifting towards companies that supply the AI ecosystem rather than those building it. Chipmakers, memory manufacturers and computing infrastructure providers have continued to perform well even as the technology giants have struggled.

Green believes this reflects a broader change in investor thinking. “The companies supplying chips, memory and computing power are performing much better than those spending hundreds of billions building AI systems. Owning an AI strategy and owning the economics of AI are two different things,” he said.

The shift also reflects concerns over financing. With interest rates expected to remain elevated, borrowing to fund AI projects becomes more expensive. Several large technology companies are increasingly relying on debt markets despite holding significant cash reserves.

Reports suggest investors are no longer rewarding AI announcements alone. Instead, they want to see measurable revenue growth, expanding margins and improving cash generation.

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Macquarie said in a recent strategy note that AI adoption continues to grow much faster than previous technology cycles. Annualised AI revenues are already estimated at around $175 billion, while investment in AI is expected to reach about $850 billion this year. The brokerage noted that adoption rates remain strong even though concerns over valuation and spending have increased.

Apollo also does not view the recent correction as the end of the AI cycle. Instead, it argues that markets are becoming more selective and placing greater emphasis on profitability rather than growth alone.

Green believes the biggest change will be in how investors view the Magnificent Seven. He expects the market to stop treating them as a single group and instead reward only those companies that successfully convert AI investments into sustained earnings growth.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Houston Rockets Sign Marcus Smart to Signal Kevin Durant-Led Win-Now Era Has Officially Begun

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Kevin Durant

HOUSTON — The Houston Rockets have spent the past several years building one of the most intriguing young cores in the NBA, drafting and developing Alperen Şengün, Amen Thompson and Reed Sheppard while patiently waiting for the talent to mature around veteran star Kevin Durant. That patience, according to every signal the organization has sent over the first days of NBA free agency, is now officially over.

The Rockets have agreed to a two-year deal with former Boston Celtics point guard Marcus Smart and are finalizing an agreement with veteran shooter Bogdan Bogdanović, moves that appear modest on the surface but speak loudly about what the franchise expects from itself heading into the 2026-27 season. Both players are proven veterans who will push younger players on the roster for time and opportunity, and neither has been signed to develop or to absorb growing pains. They have been signed to win.

The urgency is understandable given how the previous season concluded. Durant arrived last summer to a team coming off a 52-win season and expectations of a deep Western Conference playoff run. The campaign unraveled early when veteran point guard Fred VanVleet suffered an ACL tear just before training camp, forcing Thompson and Sheppard into primary ball-handling roles they were not yet ready to carry at the highest level of the game’s pressure situations. Houston still won 52 games for the second consecutive season, but lost in the first round.

General manager Rafael Stone did not attempt to spin the outcome. He called the year “frustrating and disappointing” at his end-of-season news conference, a frank assessment that reflected how far short of expectations the season had fallen given the talent on the roster.

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The Smart signing addresses the most glaring gap exposed by VanVleet’s injury. The 2022 NBA Defensive Player of the Year brings experience and physicality to a backcourt that was repeatedly burned by its own inexperience last season. Smart’s value extends beyond his defensive reputation. He is a player who communicates, organizes and competes at a level that resonates with younger teammates who are still learning how to perform consistently in high-leverage moments, and his presence alongside a returning VanVleet gives Houston options and redundancy rather than relying entirely on the health of a 31-year-old coming off major knee reconstruction.

Houston’s head coach Ime Udoka pointed to shooting as the most urgent priority for improvement after the playoff exit. The Rockets ranked 28th in the league in three-point attempts per game last season, a startlingly low figure for a team that asked Durant, one of the sport’s most complete offensive players, to carry the primary scoring burden. Bogdanović addresses that directly. The 33-year-old had a reduced role with the Los Angeles Clippers last season, but his track record as a knockdown shooter with the Sacramento Kings and Milwaukee Bucks established him as a perimeter option that defenses must respect even when his usage is limited. For a team that too often allowed opposing defenses to crowd Durant and collapse on the roll man without paying a price for leaving the corners open, having a genuine shooting threat off the bench changes the math.

The deeper implication of this offseason’s direction is the pressure it places on everyone in the organization, not just the players. Udoka, who signed a lucrative extension last summer, will face heightened scrutiny if the team’s offensive execution does not improve noticeably from the first weeks of the season. His rotations and his late-game decision-making drew pointed criticism after the first-round exit, and adding veteran players makes that standard of accountability more reasonable, not less. Coaches can more credibly ask for clean execution from experienced professionals than they can from players still adjusting to NBA pace and decision speed.

Stone faces a different but equally real version of the same pressure. He has been methodical and disciplined in building Houston’s roster, resisting the urge to deal from the youth core in pursuit of blockbuster upgrades that were available but came at prices he considered too high. Giannis Antetokounmpo, Jaylen Brown and Kawhi Leonard all became trade candidates at various points during the offseason, and Stone passed on each. His confidence in the existing core and his belief that the right deal would present itself at the right cost has kept assets intact, but it has also narrowed the gap between credit and accountability. If Houston underperforms again next season with Durant, VanVleet, Smart, Şengün, Thompson and Bogdanović on the roster, the questions about why Stone passed on bigger upgrades will only grow louder.

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The most obvious remaining trade chip is Dorian Finney-Smith, set to earn $13.3 million this season on a deal with two non-guaranteed years beyond it. Attaching draft compensation to Finney-Smith could conceivably return additional rotation help in a deal, and the Rockets have enough first-round picks in reserve to structure something attractive if the right partner emerges.

Houston’s selection of former Ohio State guard Bruce Thornton with the 31st pick in this year’s draft also reveals something about how Stone views the roster’s near-term future. Adding a developmental guard to the mix only makes sense if the organization has settled on a clear hierarchy and is comfortable signaling to Sheppard that his path to consistent minutes must be earned through performance rather than preserved through rotation necessity. Thornton’s presence makes VanVleet’s $25 million expiring contract more viable as a trade piece and makes a theoretical departure from Sheppard more manageable if he does not take a clear step forward.

The Rockets have tried to balance winning now with developing for later for the past two seasons. Smart, Bogdanović and the clear message from Stone’s end-of-season press conference all say that balance has now shifted decisively toward winning now. Durant will be 38 when next season begins and is entering the final year before he could become an unrestricted free agent, a timeline that makes every game this season more consequential than it might otherwise seem.

The time for patience is over. Houston is telling its players, its coach and itself exactly that.

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