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Citi downgrades Nordex to “neutral” on valuation after 2025 rally; stock down 4%
Warner Bros, which traces its roots back about a century, has a vast library of content, ranging from classics like Looney Tunes and Casablanca to Friends, Superman and Harry Potter. Its HBO division is known for “prestige” television, including The Sopranos, Sex and the City and Succession.
The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
0447 ET – Increased government spending in the U.S. and Germany will drive demand for European chemicals companies, analysts at Goldman Sachs write. Positive economic momentum driven by adaptation to tariffs and surprisingly resilient U.S. manufacturing outlook will also support demand, the analysts say. Falling EU chemicals capacity will constrain supply, while China’s move to cut tax rebates for the country’s chemicals sector will encourage EU exports, they say. A basket of European chemicals companies gains 2.15%, with Arkema and Symrise leading the sector as they rise 8.5% and 6%, respectively. BASF climbs 4%, while Wacker Chemie rises 5.2%. (josephmichael.stonor@wsj.com)
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Companies previously said they had called off the deal.
Kalshi saw more than $1 billion in trading volume on Super Bowl Sunday, reaching a daily record high, according to CEO Tarek Mansour.
That volume was up 2,700% year-over-year, according to the company. The platform allows users to buy event contracts for outcomes in politics, pop culture, financial markets and sports.
“It was an incredible weekend,” Mansour told CNBC’s “Squawk Box” on Tuesday. “Kalshi was the biggest brand of the Super Bowl this year, without running a Super Bowl ad, and the way we achieved that is the product.”
Mansour said the trading volume for halftime performer Bad Bunny’s opening song exceeded $100 million, while bets on who would perform with Bad Bunny surpassed $45 million.
The platform’s Super Bowl contracts were not without bumps, though. Co-founder Luana Lopes Lara posted on social media during the game that some users’ deposits were delayed due to high traffic.
“Your money is safe and on the way, it will just take longer to land,” she wrote.
Kalshi has recently come under fire along with other prediction markets as skepticism around the industry builds, with concerns of insider trading. Last week, before the Super Bowl, the platform announced additional efforts to expand its surveillance and enforcement efforts to identify and remove accounts participating in insider trading.
“The insider trading risk is very real for the stock market as well,” Mansour said on Tuesday.
“As a regulated financial market by the Commodity Futures Trading Commission, we have the same rules as the Nasdaq and the New York Stock Exchange, and we have the same mechanism of enforcement,” he added.
Over the past year, Mansour said the platform has run 200 investigations and frozen the relevant accounts, with some of those referred to law enforcement for prosecution.
Disclosure: CNBC and Kalshi have a commercial relationship that includes a minority investment.
Auger founder and CEO Dave Clark joins ‘Mornings with Maria’ to discuss President Donald Trump’s push to reshore U.S. supply chains and his deal with Meta’s Reality Labs to use Auger’s operating system.
Page, Brin, Ellison, Thiel, Sacks — and now, Zuckerberg.
Meta CEO Mark Zuckerberg is the latest California billionaire heading for Florida, snapping up a massive waterfront mansion in Miami’s exclusive “Billionaire Bunker,” as Golden State lawmakers push a proposed 5% tax on the ultra-wealthy.
Zuckerberg and his wife, Priscilla Chan, are buying a newly built mansion on Indian Creek, one of the area’s most expensive enclaves. The deal has not been confirmed as closed, sources with knowledge of the transaction told The Wall Street Journal, but neighbors said Zuckerberg plans to move in by April — signaling a relocation rather than a vacation home.
“People like Zuckerberg plan three moves ahead. That billionaire tax chatter has a lot of Palo Alto owners doing real math. If you’re staring at a potential 5% hit tied to net worth, Florida becomes a business decision. And Indian Creek is the clearest signal you’re serious, because it’s built for privacy and control,” Troy Dean Home CEO Troy Ippolito told Fox News Digital in reaction.
PETER THIEL DONATES $3M TO GROUP FIGHTING PROPOSED CALIFORNIA BILLIONAIRE TAX
“This is a loud signal that South Florida is a primary market now. When someone at Zuckerberg’s level buys here, it changes buyer psychology overnight,” he continued. “If that tax actually moves forward, you’ll see the impact first at the very top, because there’s so little true trophy inventory.”
Priscilla Chan and Mark Zuckerberg at the WSJ. Magazine 2025 Innovator Awards held at The Museum of Modern Art on October 29, 2025, in New York, New York. (Getty Images)
The nearly 2-acre property is estimated to be worth $150 million to $200 million, based on comparable sales, and the reported seller is a limited liability company tied to Jersey Mike’s Subs founder Peter Cancro.
Cancro cashed out big in 2024 when he sold a majority stake in Jersey Mike’s to Blackstone for $8 billion, including debt. His home sale to Zuckerberg was off-market, a common move for ultra-wealthy buyers seeking privacy.
Aerial views of the property show that it sits across Biscayne Bay and features a private dock, wraparound terraces, lush landscaping, a waterfront pool, charming blue shutters and other elaborate amenities. The estate joins Zuckerberg’s already extensive real estate portfolio in places like Lake Tahoe and Palo Alto in California, and Kauai, Hawaii.
“It’s one entrance, tightly controlled, and only about 41 homes. You’re minutes from Miami, but it feels isolated. If you’re a global name, and you want a truly private backyard, this is as close as it gets,” Ippolito said.
‘Making Money’ host Charles Payne analyzes Meta and reveals whether a year-end market rally is still on the table on ‘Varney & Co.’
Meta did not immediately respond to Fox News Digital’s request for confirmation or comment.
Some of Zuckerberg’s new neighbors on Indian Creek include Jeff Bezos, Tom Brady, Carl Icahn, Ivanka Trump and Jared Kushner, David Guetta, Julio Iglesias, Jaime Gilinski and Edward Lampert.
Zuckerberg’s move comes on the heels of other notable, longtime California-based billionaires who have solidified residency in South Florida in response to a proposed California wealth tax.
Though the initiative has not yet received the required 875,000 signatures to qualify for the November ballot, the proposal — backed by the Service Employees International Union–United Healthcare Workers West — would impose a one-time 5% tax on the net worth of California residents with assets exceeding $1 billion.
The Corcoran Group agent Julian Johnston exclusively speaks to Fox News Digital about the new wave of California billionaires migrating to South Florida due to a proposed wealth tax.
The tax would be due in 2027, and taxpayers could spread payments over five years, with additional costs, according to the California Legislative Analyst’s Office.
If voters approve the measure, anyone who was a California resident on Jan. 1, 2026, would owe the tax, according to the proposal’s language.
Many South Florida real estate agents have told Fox News Digital that since the new year, a fresh wave of buyer interest has flooded in from California, with increased calls and broker website traffic.
“There’s a few other very big founders and also tech giants and also venture capitalist firms, the heads of which I’ve also moved here,” luxury real estate broker Julian Johnston of The Corcoran Group previously said. “It was always a layover, one night, an event, but Miami’s changed a lot in the last 10 years. It’s culturally more interesting… They said they were quite happy to move here and then see what happens in the next few years.”
FOX Business host Marcus Lemonis discusses billionaires fleeing California to avoid a proposed wealth tax on ‘The Bottom Line.’
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“One client said, ‘You know, this could be like a $5 billion tax for me,’” he recalled. “So they’re moving because of that.”
“Florida feels predictable. You have a clearer tax picture, fewer hurdles, and a much easier day-to-day,” Ippolito weighed in. “A lot of buyers feel like California treats them like a target. Florida treats them like they belong here.”
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DuPont de Nemours, Inc. 2025 Q4 – Results – Earnings Call Presentation (NYSE:DD) 2026-02-10
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Taylor Morrison faces earnings test as homebuilder margins pressured
Consumers are choosing value over name brand products in 2026, according to Ibotta, Inc.
Paramount Skydance said Tuesday it has sweetened its offer for Warner Bros. Discovery, adding a so-called “ticking fee” to signal regulatory confidence among other new elements.
Paramount stopped short, however, of raising its per-share offer to WBD shareholders. In December, Paramount launched a hostile tender offer for the entirety of Warner Bros. Discovery at $30 per share, all cash. The company argues its offer is superior to a pending transaction between Warner Bros. Discovery and Netflix.
“The additional benefits of our superior $30 per share, all-cash offer clearly underscore our strong and unwavering commitment to delivering the full value WBD shareholders deserve for their investment,” said Paramount CEO David Ellison in a statement. “We are making meaningful enhancements – backing this offer with billions of dollars, providing shareholders with certainty in value, a clear regulatory path, and protection against market volatility.”
The “ticking fee” is payable to WBD shareholders for any potential delays in receiving regulatory approval for a Paramount-WBD tie-up.
Paramount has set the fee at 25 cents per share per quarter that the transaction hasn’t closed after year-end 2026, “underscoring Paramount’s confidence in the speed and certainty of regulatory approval for its transaction,” the company said.
The so-called ticking fee is equivalent to roughly $650 million in cash value each quarter for every quarter the deal is not closed past Dec. 31.
In addition, on Tuesday Paramount said it would fund the $2.8 billion termination fee that Warner Bros. Discovery would owe Netflix if that deal were to fall through, and it would also eliminate a potential $1.5 billion refinancing cost of debt.
Paramount said the revised offer — including the ticking fee, funding the termination fee and refinancing — is “fully financed” by $43.6 billion of equity commitments from the Ellison family and RedBird Capital Partners, as well as $54 billion in debt commitments from lenders Bank of America, Citigroup and private equity firm Apollo.
RedBird Capital Partners’ Gerry Cardinale told CNBC’s David Faber on Tuesday that the amended bid was an effort to “continue to reinforce and perfect” Paramount’s offer.
“What we’ve done is we’ve perfected it by taking off the table all of the, what I call, more clerical items that they have been using to suggest that they are not going to engage with us,” Cardinale said.
If WBD still declines the offer, Cardinale said RedBird and Paramount will continue going directly to shareholders to make their case, though he said he believes there is no reason for the board to not engage.
“Our deal is highly aligned with delivering the best value and certainty – that has never changed,” he said.
Netflix’s proposed acquisition of WBD’s streaming and studios assets was estimated to close in 12 to 18 months from when the deal was announced in December. That deal would close after the separation of WBD’s TV networks, such as CNN, TBS and Discovery, takes place, which is expected in the third quarter of 2026.
Last month, Netflix amended its own offer for WBD assets to pay $27.75 per share entirely in cash. The initial deal was composed of a combination of cash and stock at an equity value of $72 billion.
Paramount’s revised offer leans on antitrust concerns that have been raised by lawmakers and industry insiders since Netflix announced the proposed deal.
Netflix co-CEO Ted Sarandos has publicly noted his confidence in getting the deal approved, most recently in the company’s January earnings call with investors. Sarandos said he believed the deal would secure regulatory approval, contending it would preserve jobs at a time of heavy layoffs across media “because this deal is pro-consumer … pro-innovation, pro-worker.”
The government has also retained an oversubscription option to sell an additional 6.96 crore shares, equivalent to 2% equity, which would take the total potential divestment to 17.41 crore shares, or 5% of the company’s equity capital, if fully exercised.
The shares will be sold through a separate, designated OFS window on the BSE and NSE.
The OFS will take place during trading hours on Wednesday, commencing at 9:15 am and will close at 3:30 pm.
At the given floor price, the government will raise Rs 2,653 crore on divestment of 3% equity while the amount will go up to Rs 4,422 crore if the oversubscription option is exercised.
BHEL shares today ended at Rs 275.90m gaining Rs 1.25 or 0.46% over the previous closing price.
BHEL reported a sharp turnaround in its December-quarter performance, with net profit more than tripling on the back of higher execution and operating leverage. The state-owned engineering major posted a net profit of Rs 382 crore for the third quarter ended December 2025, compared with Rs 125 crore in the same period last year, marking a 206% year-on-year jump.Revenue from operations rose 16% YoY to Rs 8,473 crore from Rs 7,277 crore a year earlier, reflecting improved project execution and a stronger order pipeline. Total income for the quarter, including other income, stood at Rs 8,700 crore, up from Rs 7,393 crore in the year-ago period.
On the cost side, total expenses rose to Rs 8,188 crore from Rs 7,224 crore in the year-ago quarter. The cost of materials and services increased to Rs 6,059 crore, while employee benefit expenses edged up marginally to Rs 1,531 crore. Finance costs declined sequentially to Rs 182 crore from Rs 195 crore in the September quarter, which provided additional support to profitability.
After Years Reporting on Early Care and Education, I’m Now Living It
Netflix and Paramount battle for Warner Bros. Who is likely to win?
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