
Gilt Market Tumult Signals Worse to Come
The stumble last week by Prime Minister Keir Starmer failing initially to give his full-throated backing to Chancellor of the Exchequer Rachel Reeves caused a sharp selloff in UK government gilts, which mostly unwound in the days that followed, but it still left 30-year yields 10 basis points higher.
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Apple takes fight against $587 mln EU antitrust fine to court
STORY: Apple challenged a $587 million EU antitrust fine in court on Monday (July 7). The EU sanctioned Apple for contravening landmark rules aimed at curbing the power of Big Tech. Regulators found in April that the iPhone maker had breached the Digital Markets Act… As its restrictions prevent app developers from steering users to cheaper deals outside the App Store. Apple said on Monday that the European Commission's decision goes 'far beyond what the law requires'. It added that regulators are forcing business terms which are confusing for developers and bad for users. Last month, Apple overhauled its App Store rules to comply with the EU order to scrap certain curbs on app developers. That was to avoid daily fines of 5% of its average daily revenue - or over $58 million a day. The EU competition watchdog is seeking feedback from app developers before deciding whether to accept the changes or demand more.
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22 minutes ago
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Clearbridge Large Cap Growth Strategy Sold Its Stake in ICON Public Limited Company (ICLR)
ClearBridge Investments, an investment management company, released its 'ClearBridge Large Cap Growth Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the growth stocks rebounded from tariff uncertainty, with technology and communication services sectors leading in the return to a risk-on environment. The S&P 500 Index returned 10.9% in the quarter, while the technology-heavy NASDAQ Composite soared 17.7%. The benchmark, the Russell 1000 Growth Index, rose 17.8% in the quarter, outperforming the Russell 1000 Value Index. Against this backdrop, the strategy underperformed its benchmark in the second quarter. IT and communication services sectors contributed to the performance while the health care sector detracted. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, ClearBridge Large Cap Growth Strategy highlighted stocks such as ICON Public Limited Company (NASDAQ:ICLR). Headquartered in Dublin, Ireland, ICON Public Limited Company (NASDAQ:ICLR) is a clinical research organization. The one-month return of ICON Public Limited Company (NASDAQ:ICLR) was 7.90%, and its shares lost 53.21% of their value over the last 52 weeks. On July 3, 2025, ICON Public Limited Company (NASDAQ:ICLR) stock closed at $150.10 per share, with a market capitalization of $11.931 billion. ClearBridge Large Cap Growth Strategy stated the following regarding ICON Public Limited Company (NASDAQ:ICLR) in its second quarter 2025 investor letter: "Biotech funding challenges and government funding pressure have negatively impacted companies supporting biopharmaceutical development like contract research organization (CRO) ICON Public Limited Company (NASDAQ:ICLR). This has pushed out the timing of a CRO growth recovery, even after multiple quarters of spending rationalization among its customers. We exited ICON due to the lowering of our confidence in the timing of CRO business normalization." A laboratory setting with a team of scientists working on a clinical trial. ICON Public Limited Company (NASDAQ:ICLR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 44 hedge fund portfolios held ICON Public Limited Company (NASDAQ:ICLR) at the end of the first quarter, which was 46 in the previous quarter. ICON Public Limited Company's (NASDAQ:ICLR) first quarter revenue declined 4.3% year-over-year to $2 billion. While we acknowledge the potential of ICON Public Limited Company (NASDAQ:ICLR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered ICON Public Limited Company (NASDAQ:ICLR) and shared Parnassus Mid Cap Growth Fund's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of ICLR 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. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
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EU Digital Product Passports unlock textile commercial opportunity by 2026
The report emphasises that DPPs, mandated under the EU's Ecodesign Regulation, present a significant commercial opportunity beyond mere compliance that can foster ongoing revenue streams, promote sustainability, and fortify consumer relationships. The impending EU regulation is poised to alter the economic landscape of fashion resale, potentially doubling the lifetime value of products. The research indicates that up to 65% of these benefits could accrue to consumers. It claims that the new regulation could yield an additional £500 on an item priced at £500 currently, through resale and related services once enhanced by a DPP. This is due to increased trust, traceability, and ease of resale. Despite the potential advantages, approximately 90% of brands surveyed by Bain perceive DPPs mainly as a regulatory imposition. Bain & Company retail and customer strategy & marketing practices Aaron Cheris said: 'DPPs are more than just checking a compliance box. They are a foundational shift in how value is created, captured, and sustained over a product's lifetime. Brands that act early can build a more direct, data-rich relationship with consumers, tapping into resale trends and personalising services in powerful new ways.' Understanding DPPs DPPs, which is part of the Ecodesign for Sustainable Products Regulation (ESPR), serve as standardised digital records that may include QR codes, NFC tags, blockchain technology or similar methods. They hold comprehensive data on a product's materials, origins, environmental impact, and lifecycle. These records empower brands to initiate confident resale programmes and offer customised warranties and aftercare services while monitoring usage to prolong product lifespans and reporting on ESG goals with improved transparency. The ESPR stipulates that by 2030 almost every physical product sold within the EU must have a DPP. According to the Bain/eBay study, consumers will be the primary beneficiaries of the value unlocked by DPPs. By simplifying processes – eliminating lost receipts or cumbersome listings – DPPs facilitate effortless resale transactions and enhance buyer confidence. As second-hand markets grow, DPPs could catalyse further growth by reinforcing trust and normalising circular shopping habits. eBay global fashion VP Alexis Hoopes said: 'Digital Product Passports are critical to powering the future of circularity in fashion. As a global marketplace at the forefront of resale, we're exploring how better product data can enable smarter buying, responsible selling, and a more trusted platform. Unlocking value for consumers is a critical part of the connected product evolution.' "EU Digital Product Passports unlock textile commercial opportunity by 2026" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data