'Trade barriers bad for the patients': Siemens Healthineers CEO
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S&P 500 Gains & Losses Today: Amazon Stock Drops; Monolithic Power Surges
Key Takeaways The S&P 500 dropped 1.6% on Friday, Aug. 1, 2025, after the July jobs report revealed an unanticipated level of pressure on the U.S. labor market. Shares of Eastman Chemical plummeted after the maker of specialty chemicals reported year-over-year sales and profit declines. Tech giant Amazon's stock also dropped Friday. Monolithic Power released strong quarterly results, with growth across numerous end markets, and shares of the power management chipmaker U.S. equities indexes tumbled on the final day of the trading week and the first day of the new month after the latest Bureau of Labor Statistics report showed a lower-than-expected pace of hiring in July. The data also showed an uptick in the unemployment rate, along with sharp downward revisions to jobs numbers from May and June. The unexpectedly weak numbers suggest that pressure on the labor market could be more intense than previously believed. That could encourage the Federal Reserve to lower interest rates at its upcoming meetings. The S&P 500 fell 1.6% on Friday, suffering its fourth straight down day as the benchmark index extended its retreat from the record closing high set at the beginning of the week. The Dow ended 1.2% lower, while the Nasdaq dropped 2.2%. Read Investopedia's full daily markets roundup here. Shares of Eastman Chemical (EMN) plunged 19%, experiencing the heaviest decline of any S&P 500 stock. The provider of specialty chemicals reported second-quarter sales and profits that declined year-over and fell short of analysts' expectations. Coinbase Global (COIN), operator of the largest U.S. cryptocurrency exchange, posted second-quarter revenue and adjusted earnings before interest, taxes, depreciation, and amortization that fell short of estimates. Transactions revenue as well as subscriptions and services revenue fell from the previous quarter. Coinbase stock, which fell about 17% on Friday. Although Amazon (AMZN) topped revenue and net income estimates with its second-quarter results, shares of the e-commerce giant slipped 8.3%. Jefferies analysts said growth from the Amazon Web Services cloud computing business was disappointing compared with blowout growth figures from competitor Microsoft (MSFT) and its Azure cloud platform. Other research firms suggested that the pullback in Amazon stock could represent a buying opportunity. The top daily performance in the S&P 500 belonged to shares of Monolithic Power Systems (MPWR), which surged more than 10%. The power management chipmaker reported sales and adjusted profits for the second quarter that surpassed analysts' expectations, boosted by a strong performance in its storage and computing, automotive, and communication markets. Shares of Align Technology (ALGN) advanced 5.8% on Friday, clawing back a portion of the losses posted in the prior session. In quarterly results released Wednesday afternoon, the maker of transparent teeth straighteners and other technological dentistry products reported lower-than-expected sales and profits and announced restructuring measures including workforce cuts. First Solar (FSLR) reported stronger-than-expected sales and profits for the second quarter, and shares of the panel manufacturer jumped 5.3%. The company also increased its full-year sales forecast, and CEO Mark Widmar said shifts in trade policy have strengthened First Solar's position in the industry. Read the original article on Investopedia Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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OMV AG (OMVJF) Q2 2025 Earnings Call Highlights: Strategic Investments and Challenges in ...
Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points OMV AG (OMVJF) reported a 5% year-on-year increase in polyolefin sales volumes, driven by strong performance in consumer products and infrastructure. The company achieved several strategic milestones, including securing foreign direct investment approval in Austria and merger control clearance in the EU and China. OMV AG (OMVJF) announced a significant investment in a new production line in Germany to triple the output of innovative, fully recyclable polypropylene foam. The company is progressing well with its Neptune deep mega project in the Black Sea, which is on schedule and within budget. OMV AG (OMVJF) plans to invest in a new flagship green hydrogen plant in Austria, aiming to reduce CO2 emissions by approximately 150,000 tons per year. Negative Points OMV AG (OMVJF) experienced a 10% decline in hydrocarbon production year-on-year, primarily due to the divestment of Malaysian assets. The clean CCS operating result was 16% below the prior year quarter, impacted by lower oil prices and exchange rate developments. The company's clean operating result in the energy segment declined by 28%, primarily due to significantly lower oil prices. OMV AG (OMVJF) faced challenges in the chemicals market with declining feedstock prices leading to negative inventory effects. The company reported a 14% decline in sales volumes, affected by lower production and decreased sales in Norway and Libya. Q & A Highlights Warning! GuruFocus has detected 9 Warning Signs with OMVJF. Q: How does OMV view the attractiveness of hybrid issuance compared to traditional debt, and what is the outlook for diesel margins? A: (CFO) Hybrids are part of OMV's diversified refinancing strategy, maintaining an average level of around 2 billion. The recent hybrid issuance was well-received, with high oversubscription and favorable pricing, ensuring no significant changes in financial results. Regarding diesel margins, (CEO) OMV has seen volatility in the refining segment but is well-prepared to capture opportunities from recent positive developments in diesel cracks, leading to an upgraded outlook from $6 to over $7 per barrel for the year. Q: Could the European Commission's investigation into the Castro acquisition impact the BGI merger, and is a capital markets event still planned for this year? A: (CEO) The BGI merger is progressing well, with several approvals already received. The European Commission's investigation into Castro is not seen as a hurdle for OMV. (CFO) A capital markets update is still planned for the second half of the year, with no specific date yet, but it will include updates on OMV's progress and future considerations. Q: How does OMV view the demand growth in Europe versus Asia for chemicals, and what is the outlook for upstream production costs? A: (CEO) European chemical sales volumes have increased, driven by strong performance in consumer products and infrastructure. Despite sluggish demand in Asia, OMV's setup allows for strong sales performance. Upstream production costs have risen due to lower production volumes, but absolute costs remain flat due to significant cost reduction programs. Q: What are the targets for the new exploration in the Black Sea, and what was the nature of the loan to Bayport? A: (CEO) The Black Sea exploration targets similar geology to the Neptune Deep project, with plans to drill two exploration wells. (CFO) The loan to Bayport was a shareholder loan from Borealis, repaid through external financing, resulting in a significant cash inflow for Borealis. Q: Will OMV maintain the 20-30% dividend payout ratio for 2025, given the cash flow performance? A: (CFO) The current dividend policy of a 20-30% payout ratio will apply for 2025, with no changes. The dividend will include a progressive dividend and a special dividend within the range, despite the cash flow challenges in the first half of the year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
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EU Probe Puts ADNOC's $14B Covestro Takeover at Risk
The takeover of German chemicals giant Covestro by Abu Dhabi's national oil company ADNOC is facing significant hurdles, as the EU is at present assessing the possible competition distortion in European markets. While the German chemical company reported today that it has missed its Q2 2025 sales expectation, primarily due to US trade policies, the management remains confident that the ADNOC takeover deadline is being met. Covestro indicated that it is satisfied that the EU probe is not going to materialize in a blockade of the deal. Covestro is currently hit by a significant oversupply of its main products in global markets, including foam chemicals used in building, automotive, and mattresses. US tariffs have caused a substantial drop in prices, especially in Asian markets. In its financial report, Covestro stated that overall revenues decreased by 8.4% to 3.38 billion euros in Q2 (April-June), which is way below analyst expectations of around 3.55 billion. Earlier in July, Covestro already put out a warning that its full-year earnings will be lower. At present, Covestro expects earnings before EBITDA between 700 and 1.1 billion euros, which is a dramatically lower figure than the last update, 1-1.4 billion euros. The market, already under pressure, is now eagerly awaiting the progress and outcome of the EU probe in the coming months. Since the proposed takeover by ADNOC last year, which entails a total of $14 billion, political pressure is mounting inside the EU to assess the role of the Abu Dhabi National Oil Company and the Emirati government in the EU market. As ADNOC is a state-owned oil and gas company with opaque financial reporting, there are fears that the Covestro takeover could distort internal EU market competition. ADNOC has been refuting any claims about possible distortion tactics or threats to other competitors, but the market remains on current EU approach demonstrates a proactive stance by Brussels and its member states on non-EU investments in critical sectors of the European Union. This proactive stance underscores the EU's commitment to protecting its market from potential distortions. The move, based on rules implemented in 2023, and the concerns it addresses, can push potential Gulf-based investors and operators to consider other investment regions. ADNOC could now be considering its European options, especially in light of US President Trump's move to attract more foreign capital to the US via his America First Investment Policy. Officially, the European Commission has opened the investigation based on the Foreign Subsidies Regulation (FSR), as the Commission stated it has concerns about potential foreign subsidies by the UAE. The latter accusation is based on concerns that not only will ADNOC increase its committed capital into Covestro, but it has also offered an unlimited guarantee from the UAE. Brussels, especially, is looking at the option that, based on the two above-mentioned points, ADNOC has acquired Covestro not on market confirm pricing. Indirectly, the question is whether ADNOC has used UAE backing and financial structures to outperform other competitors for Covestro. Emirati backing is expected to have allowed ADNOC to propose a much higher price than regular competitors would have offered during the takeover period. The Commission, based on the fact that the transaction was notified to the Commission on May 15, 2025, has now until December 2, 2025, to make its own decision. Based on the FSR, companies should notify the Commission about a merger or acquisition entailing a company having an EU turnover of 500 million euros or more. If the outcome of the EU probe is negative, the potential fallout could be massive, casting a shadow over other GCC investments in the EU. An adverse outcome could also have repercussions on ongoing deals between EU countries and ADNOC, especially in the areas of green hydrogen or ammonia, further complicating the situation. By Cyril Widdershoven for More Top Reads From this article on
