Markets

Henry Schein, Inc. announced that Stanley M. Bergman will retire as CEO at the end of 2025 after 35 years in the role, but will remain Chairman of the Board. A nationally recognized firm will search for a successor. Under Bergman’s leadership, Henry Schein transformed into a global healthcare solutions company, with revenue growing from $225 million in 1989 to $12.7 billion in 2024, representing an approximate compound annual growth rate of 17.5%. The company also delivered a non-GAAP EPS CAGR of 12.4% over the same period.

Fisher & Paykel partnered with designer Huang Quan to transform his Shanghai residence into a “social kitchen,” seamlessly blending life and art. The open-plan design fosters interaction, making the kitchen a central hub for family communication. Fisher & Paykel’s integrated appliances harmonize with displayed artwork, maintaining visual unity. More than just a cooking space, the kitchen cultivates a relaxed atmosphere, becoming a gathering spot for family and friends, embodying a revitalizing lifestyle.

The trend of transparency is back in consumer electronics, driven by a desire for “performance you can see.” However, achieving both aesthetics and reliability presents challenges, especially concerning flame retardancy and material performance. Covestro addresses this with its Makrolon® high-performance transparent flame-retardant polycarbonate solutions, offering various products like Ambiance Master, Insight Eye, and Hardcore Guardian. These innovations aim to enhance gaming experiences, reveal internal workings, and provide robust protection for devices, exploring design possibilities with colorful, clear, and classic black transparency options.

Full Truck Alliance (FTA), a digital freight platform, released its 2024 ESG report, highlighting its commitment to sustainability. FTA leverages AI and data to optimize freight matching, reducing carbon emissions by 32 million tCO₂e through decreased empty hauling. The company also focuses on safety, improving complaint resolution and driver education. Furthermore, FTA invests in employee development and strengthens corporate governance with data security measures, achieving Level III Information Security Protection Certification. For more information, the full report is available at ir.fulltruckalliance.com.

A price war in China’s online food delivery market, involving Meituan, Taobao Flash, and JD.com, has led to widespread “free” promotions. This triggered a surge in orders, especially for bubble tea, but also resulted in significant order abandonments. Shops are facing losses as unclaimed drinks are discarded. The situation highlights irresponsible consumption, food waste, and the need for consumers to consider their actual needs before capitalizing on promotional offers, urging respect for labor and resources.

Shanghai residents are alarmed by the online sale of residential access cards, including cloning services and pre-made cards for specific buildings. Media outlets confirmed the cards unlock buildings. This raises legal and ethical concerns about residents’ rights and violation of laws, with potential criminal liability for sellers. The compromised security jeopardizes community safety and exposes vulnerabilities to theft and harassment. There are calls for stricter e-commerce platform oversight and individual responsibility regarding card security.

Fluence Energy will develop two battery storage projects in Germany for VERBUND, totaling 92 MW/186 MWh. The projects, located in Weißenthurm-Kettig and Elsterberg-Coschütz, will stabilize the grid and support renewable energy integration. VERBUND aims to expand its storage portfolio to 1 GW by 2030, and selected Fluence based on their experience, noise protection technology, and cybersecurity measures. The projects will use modular designs for scalability. Fluence currently has 750 MW of projects completed or under construction in Germany.

Screenshot Tool v1.2.2 update enhances functionality and efficiency based on user feedback. Key updates include streamlined image library management with direct access to local folders and custom save paths, macOS-specific optimizations for screen capture permissions and simultaneous audio recording, and improved stability. The tool also offers intelligent capture, cross-platform support with cloud and local storage, and versatile screen recording with independent audio controls.

Sam’s Club in China faces customer backlash due to changes in product selection. Members are complaining about the discontinuation of popular items with high repurchase rates and the introduction of products they deem to be of lower quality, like a low-sugar Orion Pie. Some express frustration that the curated shopping experience they pay for is being compromised by items available in ordinary stores. Customer service acknowledges the changes and promises to improve product quality.

Silver Pegasus Acquisition Corp. (SPEGU) debuts on Nasdaq today after a $100 million IPO, priced at $10.00 per unit. Led by CEO Cesar Johnston, the semiconductor-focused SPAC aims to acquire a company in the industry. The offering consists of 10 million units, each containing one Class A ordinary share and one right. Trading under SPEGU, SPEG, and SPEGR, Silver Pegasus seeks to capitalize on semiconductor demand, acknowledging industry competition and regulatory challenges. Roth Capital Partners is the sole underwriter, with the IPO expected to close tomorrow.