上周，根据经典文学作品改编的《呼啸山庄》（Wuthering Heights）正式在北美等全球多地公映。凭借 西方情人节档期的加持，这部华纳出品、由玛格特·罗比和雅各布·艾洛蒂领衔主演的古装爱情大片，在 3682家北美影院中取得3480万美元开画票房，全球票房则达到8200万美元，已超过其8000万美元的制作 成本，算是合格的商业成绩；哪怕考虑到不菲的全球营销及发行费用，最终的盈利依然可期。 新版《呼啸山庄》由玛格特·罗比和雅各布·艾洛蒂主演。 不过，在媒体评价方面，《呼啸山庄》只能算是勉强及格。截至发稿，该片在影评网站"烂番茄"的新鲜 度刚好是60%；影迷打分网站"信箱"上的评分为2.9分（满分5分）。这样的评分多少受到这一版《呼啸 山庄》争议不断的影响，毕竟从宣布立项到主演人选再到预告片中剧中人的服装，关于改编不尊重原著 的批评一路延烧。 新版《呼啸山庄》最核心的争议在于男主角的人选。在艾米莉·勃朗特的原著小说中，主人公希斯克利 夫为"肤色黝黑的吉普赛人"。而这一次由埃默拉尔德·芬内尔执导的版本中，饰演希斯克利夫的却是来 自澳大利亚的白人演员雅各布·埃洛迪。因此，很早就有书粉指出，这样的选角是对原著的"洗 ...

Group 1: Market Reactions to Tariff Announcements - The announcement of a $550 billion investment package from Japan, which includes a 15% baseline tariff on Japanese imports, has significantly impacted the energy and infrastructure sectors, particularly benefiting companies like XOM (+2.4%) and LNG (+3.1%) [2][3] - The introduction of a 100% tariff on foreign-produced films led to a sharp decline in media stocks, with NFLX dropping 4.2% and DIS down 2.1%, raising concerns about the sustainability of the streaming model [4][5] - The S&P 500 index remains volatile, currently at 6,120, as market participants react to unpredictable policy changes and social media announcements [11] Group 2: Sector-Specific Developments - The energy sector is experiencing a surge due to new projects, including a major natural gas plant in Portsmouth, Ohio, which has positively influenced local utility and construction stocks [3] - The entertainment industry is facing challenges due to proposed tariffs, which could fundamentally disrupt the streaming business model, as highlighted by analysts at JPMorgan [5] - The logistics sector is under pressure as trade tensions create uncertainty in supply chains, with companies like FDX and UPS experiencing increased volatility [10] Group 3: Broader Economic Implications - The recent trade deal with India, promising reciprocal tariff rate decreases, has provided a modest boost to emerging market ETFs, although the S&P 500 showed little reaction [9] - The presence of major financial institutions at a crypto forum hosted by the Trump family indicates a shift in Wall Street's approach to decentralized finance, with COIN seeing a 5.7% increase [6][8] - The overall market sentiment reflects a need for diversification into sectors favored by the administration, such as oil, gas, and crypto, while reducing exposure to sectors impacted by tariffs [12]

责任编辑：王永生 Netflix联席首席执行官Ted Sarandos表示，如果合并协议成功，这家流媒体巨头将继续让华纳兄弟探索 （Warner Bros． Discovery）的电影和电视制片厂以及HBO部门基本维持现有运营方式。他说，Netflix 还将投资促进这些机构的增长。Sarandos表示，该交易将为华纳的股东创造价值，而且同样重要的是， 将继续发展娱乐业务。他说："这笔交易的结果将与许多参与者息息相关。"此前，华纳兄弟探索表示将 重启与派拉蒙的交易谈判，这为可能与Netflix展开的竞购战埋下了伏笔。 Netflix联席首席执行官Ted Sarandos表示，如果合并协议成功，这家流媒体巨头将继续让华纳兄弟探索 （Warner Bros． Discovery）的电影和电视制片厂以及HBO部门基本维持现有运营方式。他说，Netflix 还将投资促进这些机构的增长。Sarandos表示，该交易将为华纳的股东创造价值，而且同样重要的是， 将继续发展娱乐业务。他说："这笔交易的结果将与许多参与者息息相关。"此前，华纳兄弟探索表示将 重启与派拉蒙的交易谈判，这为可能与Netflix展开的竞购战埋下了伏笔。 ...

Market Overview - Stocks showed a mixed performance with the Dow Jones Industrial Average up by about 18 basis points, NASDAQ Composite increasing by approximately 0.33%, and S&P 500 rising by 0.3% [2][4] - The Russell 2000 index also climbed into positive territory, reflecting a broader market recovery [3] - The bond market remained stable, with the 30-year T-bond yield down to 4.69% and the 10-year yield around 4.06% [3] Sector Performance - Financials led the large-cap sectors, with notable gains from JP Morgan (up 1.5%), Goldman Sachs, and American Express [4][8] - The technology sector saw mixed results, with Nvidia up nearly 2% and Apple rebounding by 3.76%, while Tesla and other mega-cap tech stocks faced declines [5][6] - Defensive sectors like staples, energy, and materials experienced losses of over 1% [4] Investment Sentiment - Investor sentiment is characterized as cautious, with a significant sector rotation observed from software to hardware and safer areas like materials and energy [10][11] - Small and mid-cap stocks are expected to show greater earnings growth compared to large caps, driven by AI infrastructure and other growth areas [18] BHP Financial Results - BHP reported a 22% increase in first-half profit, with copper now accounting for over 50% of its core earnings, indicating a strategic pivot towards copper production [33][34] - The company plans to increase copper production guidance for this year and next, capitalizing on strong copper prices [36] - BHP's operational performance remains robust, with record production and shipment in iron ore alongside copper growth [36][45] Copper Market Dynamics - The demand for copper is expected to grow significantly, driven by energy transition and digitization, with projections of a 70% increase over the next 25 years [38] - Supply challenges are anticipated due to lower grades and the complexity of new projects, enhancing the demand-supply dynamics for copper [39] Gold and Byproducts - BHP's copper deposits also yield significant byproducts, including gold, which contributed around $2 billion to earnings in the last half [41] - The company is actively seeking to unlock additional value from its portfolio, including a recent $4.3 billion silver stream agreement [42] Iron Ore Negotiations - BHP is engaged in tough negotiations with China's state-owned iron ore buyer but has managed to maintain strong production and price realization [45]

Investors start to see past Trump and ask which takeover offer is really better. ...

Yeah. >> Why does it make sense to give your competitor Paramount Sky Dance a week to negotiate with Warner Brothers if you already have a deal with them. >> Well, best if we start with where we're at, which is we have the only signed deal with Warner Brothers to acquire Warner Brothers Studios and Warner Brothers Television Studios and HBO.That is a signed deal that we have. um Peace Sky Paramount have been making a ton of noise, you know, flooding the zone with confusion for for shareholders. Uh so they d ...

Warner Brothers Discovery and Netflix Merger - Warner Brothers Discovery (WBD) has set a shareholder vote date for March 20th regarding its proposed merger with Netflix, and has begun mailing its definitive proxy statement [1] - Netflix has granted WBD a limited 7-day waiver to negotiate with rival bidder Paramount Sky Dance, which has proposed a potentially higher per share offer but has not yet submitted binding terms [2] - WBD's board continues to support the Netflix deal, labeling it as the superior and more certain option, while urging shareholders to reject any proposal from Paramount Sky [2] Amazon's Stock Performance - Amazon's stock has experienced a significant decline, dropping nearly 20% over the past 10 trading days, which has resulted in a loss of approximately $450 billion in market value [4] - Despite a slight recovery, Amazon's shares are still down 12% over the past 52 weeks, reflecting ongoing investor concerns regarding its $200 billion AI and infrastructure spending plan [3][4] Micron's Manufacturing Capacity - Micron is reportedly investing $200 billion to expand manufacturing capacity in Boise, Idaho, in response to a significant memory chip shortage that has affected various companies, including Apple and Qualcomm [5] Alibaba's AI Model - Alibaba has launched a new AI model that is said to be 3.5% cheaper and more efficient in processing workloads compared to its predecessor [6] Upcoming Earnings Reports - Analysts expect Carvana's revenue to grow nearly 50% year-over-year to $5.25 billion, with earnings projected at $116 per share [7][8] - Door Dash is anticipated to report revenue of $4 billion, reflecting a 40% year-over-year increase, with earnings per share expected at $1.29 [8]

Core Viewpoint - Stocks experienced an upward movement following a long holiday weekend as investors shifted from selling momentum, risk, and growth stocks to a more positive outlook [1] Group 1: Company Movements - Paramount, Masimo, Medtronic, Kyndryl, eToro, Genuine Parts, and Southwest Airlines were highlighted as significant movers in the stock market [1] - The article indicates a general recovery in stock prices, suggesting a potential shift in investor sentiment towards these companies [1]

Core Viewpoint - Paramount Skydance Corporation acknowledges Warner Bros. Discovery's decision to provide a 7-day negotiation waiver, allowing discussions regarding Paramount's superior $30 per share all-cash offer for WBD, while WBD continues to pursue its merger with Netflix [1][2]. Group 1: Paramount's Offer and Strategy - Paramount offers a higher value of $30 per share in an all-cash tender offer, which includes a $0.25 per-share, per-quarter ticking fee, presenting a more certain path to closing compared to WBD's merger with Netflix, which offers a range of $21.23 to $27.75 [1][2]. - The company is prepared to engage in constructive discussions while continuing its tender offer and opposing the Netflix merger, indicating a proactive approach to securing the acquisition [1][2]. Group 2: Shareholder Engagement - Paramount urges WBD shareholders to express their preference for its superior offer by tendering their shares, emphasizing the importance of shareholder involvement in the decision-making process [1][2]. - The company has provided contact information for shareholders seeking assistance with the tender offer, highlighting its commitment to transparency and communication [1][2]. Group 3: Regulatory and Proxy Information - Paramount has filed a tender offer statement with the SEC and is mailing proxy materials to WBD shareholders, indicating ongoing regulatory compliance and preparation for the upcoming special shareholder meeting on March 20 [1][2]. - The company plans to nominate a slate of directors at the WBD annual meeting, further demonstrating its strategic intentions regarding governance and control [1][2].

Market Overview - US stocks experienced their worst week since November, with major tech companies losing a combined market cap of one trillion dollars since their earnings results [4] - Dow futures indicate a drop of about 72 points, while S&P futures suggest a decline of a third of a percent, and NASDAQ futures are under the most pressure, pointing to a drop of about 0.7% at the open [2][3] Technology Sector Insights - The technology sector, particularly software stocks, has seen hundreds of billions of dollars wiped off their value, leading to discussions about a potential "SAS apocalypse" [5][6] - Historical transitions in technology have shown that while many companies fail, others emerge stronger, suggesting a similar outcome may occur in the current AI-driven market [8][10] AI Disruption - AI is viewed as a significant disruptor across various industries, including finance, with expectations of increased productivity and efficiency [12][15] - Companies that effectively integrate AI into their operations are likely to thrive, while those that resist change may struggle [19][20] Investment Opportunities - Software stocks are currently trading at approximately three times revenue, down from historical highs, indicating potential investment opportunities, though not all companies will succeed [40][41] - Specific companies like Oracle and Digital Ocean are highlighted as potential beneficiaries of AI advancements [41] IPO Market Outlook - The IPO market is expected to see more activity in 2026 than in 2025, with a broader range of opportunities beyond just tech [53][55] - Proper pricing and understanding of market demands are crucial for successful IPOs, as evidenced by recent cancellations and postponements [55] Company-Specific Developments - Warner Brothers Discovery is in discussions with Paramount regarding a potential deal, which may reignite a bidding war [58] - Trip Advisor is facing pressure from activist investor Starboard, which is pushing for a majority slate on the board [59] - Masimo's shares surged following news of a nearly $10 billion acquisition by Daher, despite facing challenges in recent years [61]