Report Summary 1. Report's Industry Investment Rating No relevant information provided. 2. Core Viewpoints - Global financial markets are affected by multiple factors including geopolitical tensions, tariff policies, and corporate earnings, leading to significant fluctuations in various asset classes. For example, the US stock market declined due to Trump's tariff plan and EU's suspension of the trade - agreement approval, while the precious metals market rose due to increased risk - aversion [5][6]. - The energy market is influenced by the Iran - US nuclear negotiation, with expectations of increased Iranian oil supply putting downward pressure on oil prices [7]. 3. Summary by Directory Overnight Night - Market Trends - **Stock Markets**: US major indices (Dow, S&P 500, Nasdaq) fell, with IBM and American Express leading the decline. European indices (DAX, CAC40, FTSE 100) also closed lower. The reasons include Trump's tariff plan and EU's suspension of trade - agreement approval [5]. - **Precious Metals**: COMEX gold and silver futures rose due to increased risk - aversion from geopolitical tensions, tariff policy changes, and other factors [6]. - **Energy**: US crude oil and Brent oil futures fell as the Iran - US nuclear negotiation showed signs of progress, increasing the expectation of more Iranian oil supply [7]. - **Base Metals**: Most London base metals declined, except for LME tin which rose [7]. Important News Macro News - Shanghai Export Container Settlement Freight Index for European routes dropped 2.1%. The US will stop collecting certain illegal tariffs. There is still a risk of US military strikes against Iran. India postponed a trade delegation plan. China is assessing the impact of US tariff rulings and urges the US to cancel unilateral tariffs. The EU suspended the approval of a trade agreement with the US. The Trump administration is considering new "national security tariffs" [9][11]. Energy Futures - Saudi Aramco sold condensate oil. Methanol supply in Southeast Asia is restricted due to planned maintenance. Goldman Sachs and Morgan Stanley have different forecasts for oil prices, with Goldman Sachs raising price forecasts for Q4 2026 and 2027, and Morgan Stanley expecting a short - term increase followed by a decline [14][16][18]. Metal Futures - The US energy storage market is expected to grow 21%. Lebanon may sell part of its gold reserves. UBS is positive on gold, with a target price of $6200/ounce [20][21]. Black - Series Futures - China's iron ore arrivals decreased, but global iron ore shipments increased. Vietnam plans to build a large - scale steel plant. The blast furnace capacity utilization rate of Chinese pig - iron enterprises decreased, and inventory increased [23][25]. Agricultural Products Futures - Malaysian palm oil production and exports decreased in February. Argentina's soybean moisture conditions improved, and the production forecast remains unchanged [27][28]. Financial Markets Financial - 143 companies have submitted IPO applications in the Hong Kong stock market in 2026. Deloitte predicts a better performance in the Hong Kong IPO market this year [30]. Industry - Payment transactions on Chinese New Year's Eve increased. The real - estate market may show more stabilization signals. China's AI governance system is maturing [31]. Overseas - The US may adjust tariff application methods and continue steel - aluminum tariffs. The Fed has about 75 basis - points to reach the neutral rate. India plans to invest $200 billion in AI. The Australian central bank may tighten policy. UK unemployment reached a new high [32][34][35]. International Stock Markets - US and European stock markets rose, while the Japanese market fell. High - end companies made significant stock - position adjustments. The UK may adjust accounting rules to attract Chinese companies. Australia simplifies corporate governance rules. Some companies announced major transactions or reported good earnings [36][38][41]. Commodities - Precious metals, oil, and most base metals futures fell due to factors such as progress in the Iran - US nuclear negotiation and reduced risk - aversion [43]. Bonds - US Treasury yields had mixed changes. Japanese bonds rose, and the 2029 fiscal - year bond issuance may increase [45]. Foreign Exchange - The US dollar index rose slightly, and most non - US currencies fell [46]. Upcoming Economic Data and Events - **Economic Data**: Include Japan's trade balance, UK's inflation and housing - price index, US's new - home construction, and other data [48]. - **Events**: New Zealand's central - bank rate decision, European Central Bank officials' speeches, and the Fed's release of meeting minutes [50]. - **Market Closures**: Chinese, South Korean, and Vietnamese stock markets are closed due to the Spring Festival [52].

“Titanic” and “Avatar” director James Cameron has reportedly expressed his apprehensions about Netflix‘s (NASDAQ:NFLX) proposed purchase of Warner Bros. Discovery‘s (NASDAQ:WBD) film studio in a letter. Cameron sent a letter to Sen. Mike Lee (R-Utah) last week, cautioning that the acquisition could lead to significant job losses in Hollywood and fundamentally change the U.S. theatrical landscape. He also expressed concerns about the potential negative impact on one of America’s largest export sectors, CNB ...

Core Viewpoint - Netflix is initiating a strategic charm offensive in response to political tensions and regulatory scrutiny surrounding its planned acquisition of Warner Bros. Discovery's streaming and studio units, particularly after controversial comments from a board member [1][5][19]. Group 1: Netflix's Acquisition Strategy - Netflix is pursuing a $73 billion deal to acquire Warner Bros. Discovery's streaming and studio units, which is critical for its growth strategy [5][12]. - The deal is facing scrutiny from the Department of Justice (DOJ) regarding potential antitrust violations, particularly concerning the combination of Netflix's leading streaming service with HBO Max, which ranks third [5][13]. - Netflix's CEO Ted Sarandos may meet with former President Trump to address the political backlash and regulatory concerns stemming from comments made by board member Susan Rice [3][15]. Group 2: Political and Regulatory Context - Susan Rice's comments about corporate accountability in relation to the Trump administration have sparked a backlash, leading Trump to threaten to derail the Netflix-WBD deal unless Rice is dismissed [4][19]. - The DOJ has intensified its inquiry into Netflix's business model, raising concerns about its potential monopoly status under antitrust laws [6][14]. - Rival Paramount Skydance is making a hostile bid for Warner Bros. Discovery, complicating Netflix's acquisition efforts and increasing competitive pressure [2][11]. Group 3: Market Reactions and Future Implications - Paramount Skydance has submitted a final offer for Warner Bros. Discovery, previously considering a bid of around $32 per share, which could escalate to nearly $85 billion [2][11]. - The outcome of the bidding process and regulatory review will significantly impact Netflix's market position and future growth prospects [12][13]. - Shareholders will have a decisive role in the acquisition process, with a vote scheduled for March [12].

Paramount Skydance submitted a higher offer for Warner Bros Discovery , a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix. ...

来源：滚动播报 华纳兄弟探索公司股价盘后涨1.6%。 ...

Shares of Warner Bros. Discovery firmed Monday, one of the few equities in the green as tariff and trade uncertainty tanked markets. WBD has had an exceptional run over the past six months since Paramount began lobbing unsolicited takeover bids, triggering an auction that resulted in Warner’s December deal with Netflix, but with PSKY continuing to push through a hostile tender offer. Languishing at under $12 last fall, WBD shares have more than doubled to over $28 including a 1% bump today even as the Dow ...

Paramount Skydance CEO David Ellison will have to put all his chips in by a midnight Monday deadline if he wants to pry Warner Bros. Discovery from Netflix's hands. ...

Paramount Skydance is staring down a key deadline in its pursuit of Warner Bros. Discovery, but it doesn't need to make a move quite yet. David Ellison and company have been able to negotiate directly with WBD's leadership team in recent days for the first time in months — thanks to Netflix, Paramount's rival in the bidding war.Netflix granted WBD, its deal partner, a weeklong waiver on negotiation exclusivity that expires at midnight on Monday. The company said it hoped these talks between Paramount and WB ...

The Justice Department has launched a formal antitrust investigation into Netflix’s (NFLX) proposed $83 billion acquisition of Warner Bros. Discovery’s (WBD) core assets, including its film and television studios, HBO, and HBO Max streaming service. Regulators are closely examining whether the transaction would substantially lessen competition in the streaming and entertainment industries or allow Netflix to exert undue influence over independent creators through its dominant negotiating power. Citing pot ...

报道称，上周华纳兄弟探索公司同意与派拉蒙重新谈判，寻求"最终且最优"报价。此前，一名派拉蒙高 管已向华纳兄弟董事会成员表示，若HBO母公司重返谈判桌，派拉蒙愿意将出价提高至每股31美元以 上，且该报价并非最终方案。随后，华纳兄弟向派拉蒙设定了7天的回应期限，截至美东时间2月23日 23:59。 值得注意的是，派拉蒙方面此次报价中加入了更具吸引力的条款。报道称，派拉蒙首席执行官David Ellison提出，若交易在2026年之后仍未获得监管批准，将向华纳兄弟股东支付至少6.5亿美元/季度的"递 增补偿费"。同时，派拉蒙还同意承担25亿美元的解约费用，该费用在特定情况下将支付给奈飞 (NFLX.US)等相关方。 作为交易另一关键方，奈飞的态度同样受到市场关注。奈飞联席首席执行官Ted Sarandos在上周五接受 记者Cynthia Littleton采访时，并未明确表态若派拉蒙提高报价，公司将如何应对。不过，他强调， Netflix一贯以"高度自律的买方"著称，历史上不乏在竞价中选择退出、让他人"高价接盘"的先例。 围绕华纳兄弟探索公司的收购战持续升温。 智通财经APP获悉，根据媒体周一援引业内人士的报道，派 ...