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February 5, 2025

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Monday’s market opening was a doozy, with all three indices down nearly 2% in overnight trading. This was in response to President Trump’s 25% tariffs on Mexico and Canada and a 10% tariff on China. Eventually, the indices were able to stem their losses as Trump paused the tariffs on Canadian and Mexican imports for a month, a strategic move aimed at pressuring trade negotiations.

Before the markets stabilized, however, I ran a few scans to identify stocks bucking the trend, looking for resilience amid fears of escalating trade tensions. Using StockCharts’ MarketCarpets, I quickly zoomed in on the Consumer Staples sector—one of the most tariff-sensitive areas likely to impact consumers.

FIGURE 1. MARKETCARPETS 1-DAY VIEW OF CONSUMER STAPLES.  Walmart and Costco were among the top-gaining stocks in the sector. While both are exposed to tariff pressures, their positioning and scale allow them to mitigate the impact differently.Image source: StockCharts.com. For educational purposes.

Following this, I chose to run a scan for Outperforming SPY: 52-Week Relative Highs to identify top-gaining stocks in the Consumer Staples sector.

FIGURE 2. SCAN RESULTS FOR OUTPERFORMING SPY: 52-WEEK RELATIVE HIGHS.  Three big grocery stocks came up—COST, WMT, and SFM.Image source: StockCharts.com. For educational purposes.

Here’s where it gets interesting:

Costco (COST) benefits from a loyal membership base, bulk discounts, and strong private label offerings, helping it absorb tariff-related costs. Its diversified supply chain and purchasing power further mitigate exposure.

Walmart (WMT) enjoys similar economies of scale and private label advantages, but if consumers trade down or cut discretionary spending, margin pressures could weigh on revenues.

Sprouts Farmers Market (SFM) sources some products locally but relies heavily on Mexican imports. If rising prices make customers more price-sensitive, they may shift to larger chains like Walmart or Costco. Among the three, SFM is most at risk in the event of a prolonged trade war with our local neighbors.

Let’s take a one-year look back using the StockCharts PerfCharts and see how these stocks performed relative to the Consumer Staples Select Sector SPDR Fund (XLP), a sector proxy, and the S&P 500 ($SPX).

FIGURE 3. PERFCHARTS ONE-YEAR VIEW OF XLP, COST, WMT, SFM, AND $SPX. Note how far SFM outperformed them all.Chart source: StockCharts.com. For educational purposes.

I’ve written about SFM before, but I wasn’t expecting the stock to have outperformed its peers in the way that it has over the last year. All three stocks outperformed the S&P 500, while XLP underperformed the broader market.

Now it’s time to zoom in, starting with a daily chart of COST.

FIGURE 4. DAILY CHART OF COST. Relative to the Consumer Staples Bullish Percent Index ($BPSTAP), Costco is remarkably bucking the trend.Chart source: StockCharts.com. For educational purposes.

Costco is poised to break above resistance at $1,008, a move that would push the stock to an all-time high. But does it have the momentum to sustain the rally? While breadth in the sector looks weak, with just 29% of stocks flashing Point & Figure buy signals according to the Consumer Staples sector’s Bullish Percent Index (BPI), COST stands out as an exception alongside two other names. The Relative Strength Index (RSI) suggests the stock is entering overbought territory but still has room to run, while the StockCharts Technical Rank (SCTR) has just cleared the bullish 70 threshold, although it has struggled to hold above the ultra-bullish 90 level.

If the breakout fails, key support levels are $908 and $870. Momentum and volume are critical indicators of any potential bounce.

Shifting to a daily chart of WMT, the stock has maintained a steady uptrend with minimal volatility, aside from a summer dip, a sharp November rally, and a December pullback. The stock recently cleared resistance at $96, propelling it toward an all-time high.

FIGURE 5. DAILY CHART OF WMT. The stock price is at all-time highs. Volume and momentum are giving slightly, which may signal a pullback. Watch the Keltner Channel bands that are overlaid on the price chart.Chart source: StockCharts.com. For educational purposes.

The SCTR score remains around 90, signaling strong technical momentum across multiple timeframes. Keep an eye on price as the RSI is signaling potential overbought territory.

In terms of volume, the Chaikin Money Flow (CMF) indicates a surge in buying pressure, reinforcing bullish sentiment. If WMT pulls back, keep an eye on the Keltner Channel bands, which act as both a trend indicator and dynamic support/resistance levels. Additionally, the most recent swing low of around $90 could serve as a key support zone.

Now, the strongest performing stock of the bunch: Sprouts. Below is a daily chart of SFM.

FIGURE 6. DAILY CHART OF SFM. This stock is the outperformer of the bunch. Watch key support levels (blue dashed horizontal lines) should it pull back.Chart source: StockCharts.com. For educational purposes.

Sprouts Farmers Market has exhibited strong technical momentum throughout 2024, mirroring WMT’s bullish trajectory. With the stock breaking above $155 to reach an all-time high, the Money Flow Index (MFI) signals overbought conditions, hinting at a potential pullback. If selling pressure emerges, key support levels to watch include prior resistance at $155, a congestion zone between $138 and $143, and the major swing low around $125. While MFI confirms strong volume and momentum, it also suggests that the rally may be a bit stretched in the short term.

At the Close

Costco, Walmart, and Sprouts Farmers Market have outperformed their sector peers, defying broader weakness in the group. While strong sector performance usually provides a tailwind for individual stocks, the opposite scenario raises concerns that sector-wide pressure could eventually drag these leaders lower. Monitor their key levels closely, especially during pullbacks, to determine whether they present a buying opportunity or a signal to stay on the sidelines.

If some stocks, like COST, are too pricey to buy several positions outright, check out StockCharts’ OptionsPlay Strategy Center to discover alternative strategies that align with your directional bias and risk tolerances, allowing you to capitalize on market opportunities more efficiently.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

In this exclusive StockCharts video, Julius shares a new approach to seasonality by using a more granular, data-set constructed UDI (User Defined Index) for every sector. Using the UDI functionality on StockCharts.com allows Julius to plot the seasonal patterns for each sector forward to the end of 2025 and overlay the current chart to spot (dis)alignments.

This video was originally published on February 4, 2025. Click on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

In this video, Dave reveals three common behavioral biases, shows how they can negatively impact your portfolio returns, and describes how to use the StockCharts platform to minimize these biases in your investment process. He also shares specific examples, from gold to Pfizer to the S&P 500, and explains how a consistent use of technical analysis tools can help you overcome these biases to experience better returns!

This video originally premiered on February 4, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

Resources & Energy Group Limited (ASX: REZ) (REZ or the Company) is pleased to announce the successful completion of its first gold doré pour from the trial vat leach program at the East Menzies Gold Project, following the scheduled carbon strip on 1 February 2025 in Kalgoorlie.

HIGHLIGHTS

  • REZ successfully pours first gold doré from its maiden vat leach trial at the East Menzies Gold Project
  • Gold doré from this first pour has now been transported to the Perth Mint for refining and sale
  • The trial shows the effectiveness of vat leaching as a gold recovery method and provides confidence for further expansion
  • Onsite operators anticipate a regular gold pour cycle, with gold pours expected to occur approximately every three weeks moving forward, reinforcing the continuity of production at East Menzies
  • Demonstrating confidence in this process, REZ has already submitted a second mining application with DMIRS for an expanded vat leach operation, covering 8 new vats and up to 40,000 tonnes of material from the Maranoa deposit
  • This gold doré pour coincides with record-high gold prices, strengthening REZ’s potential for strong cash flow generation in the coming months

REZ Group Managing Director J. Daniel Moore said:

‘The first gold doré pour is a transformational moment for REZ, proving the effectiveness of our vat leach process and reinforcing our ability to generate near-term cash flow.

The trial has given us the confidence to move forward with an expanded mining and processing program at East Menzies, and we are already taking steps to scale up our operations. We are well-positioned for sustainable growth with strong gold prices and an optimised production model.’

COMMISSIONING OF A MINING & PROCESSING PROGRAM

  • With the successful output from the vat leach trial confirmed, REZ is now progressing with commissioning a structured mining and processing program at East Menzies.
  • To accelerate growth, the Company has submitted an application to the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) for an additional 8 vat leach dams, allowing for the processing of up to 40,000 tonnes of material from the Maranoa deposit.
  • This expansion positions REZ to transition from a trial phase to a structured, scalable gold recovery operation and gold producer.
STRATEGIX EXPANSION AND PRODUCTION GROWTH
  • Demonstrated Gold Recovery Success – The trial vat leach process has successfully recovered gold from the Maranoa deposit, validating this low-cost processing method.
  • Gold Doré Transported to Perth Mint – Gold doré bars from this first pour have now been delivered to the Perth Mint for refining and sale.
  • Scaling Up Operations – REZ’s new DMIRS application represents a significant step forward in unlocking the full production potential of the consolidated East Menzies Project.
  • Sustained Production Strategy – The Company is implementing a stockpiling and batch processing model, ensuring consistent production while maintaining flexibility in refining and sales.

EXPLORATION UPSIDE: GIGANTE GRANDE

Beyond near-term production, REZ’s Gigante Grande prospect presents a potential company-defining gold discovery. The Company continues to refine its exploration model and sees multi-million-ounce potential at this prospect.

Click here for the full ASX Release

This post appeared first on investingnews.com

As a new year began, the cannabis industry saw a range of impactful events in January.

Legal obstacles continued to impede progress on a once-promising attempt to reschedule cannabis in the US, and President Donald Trump’s leadership choices for key agencies are diminishing hopes it can be accomplished.

Meanwhile, cannabis banking reform won’t be discussed at Wednesday’s (February 5) meeting of the Standing Senate Committee on Banking, Commerce and the Economy, and Congress seems in no rush to address it.

Read on for more details on these events, which highlight the complex and dynamic nature of the cannabis industry as it continues to navigate legal, financial and regulatory challenges while experiencing growth and evolution.

US lawmakers unlikely to prioritize banking reform

The SAFER Banking Act was blocked from being attached to a government funding bill in December, delaying the issue until the next Congress session and delaying the prospects for cannabis banking reform.

With Republicans now holding a majority of the Senate, it appears unlikely that the issue will be raised at the next Senate banking committee meeting, which is scheduled for Wednesday and will focus on debanking.

At this point, the path forward for banking reform in the US is uncertain.

Senator Tim Scott, the Senate banking committee’s new chair, opposed the SAFER Banking Act during its last hearing in September 2023, citing concerns that the bill would facilitate money laundering and illegal trade of “weapons, fentanyl and even people.’ A new bill would likely need provisions to address those concerns in order to secure his vote.

New Senate Majority Leader John Thune (R-SD) has an even more contentious history with cannabis legislation. He opposed the SAFE Banking Act when House lawmakers tried to attach it to a stimulus relief bill in 2020, and he was also one of 26 lawmakers who urged US Attorney General Merrick Garland to reject the Department of Health and Human Services’ recommendation to reschedule cannabis under the Controlled Substances Act.

Despite rumors that lawmakers will soon reintroduce cannabis banking legislation, a spokesperson for Cannabis Caucus Co-chair Rep. Dave Joyce (R-OH) told Marijuana Moment on January 24 that a new bill is “not imminent.’

Cannabis rescheduling meets delays and controversies

In December, the push to reschedule cannabis hit legal and procedural hurdles. A hearing set for January 21 was ultimately canceled, with Chief Administrative Law Judge John Mulrooney, who is overseeing the process, criticizing the US Drug Enforcement Administration’s (DEA) for failing to submit required documents.

On January 7, Mulrooney, wrote to DEA Administrator Anne Milgram, informing her of his decision to grant a request to remove the agency from proceedings. The request was filed by cannabis advocacy groups on the grounds of improper conduct within the DEA “related to alleged improper ex parte communications between the Agency and other actors’ — specifically Smart Approaches to Marijuana, a prominent anti-cannabis legalization group.

Mulrooney gave the DEA until January 13 to file a response, but the hearing was ultimately canceled “pending resolution of an appeal filed by a party in the proceedings” on January 15.

Milgram announced her departure from the agency the next day.

Agency official George Papadopoulos stepped in as her replacement until Trump chose Derek Maltz, a retired director of special operations for the DEA, to lead the administration on January 21.

In a January 3 interview, Maltz told NTD’s Steve Lance that America’s cannabis industry an “open door” to the Chinese Communist Party’s cannabis-growing operations. He also suggested that cannabis with higher strains of THC leads to psychosis, depression and anxiety, and said that cannabis acts as a gateway drug, eventually leading young people to other drugs like Oxy or Xanax, which could end up being laced with fentanyl.

Further clouding the future of cannabis legalization, Pam Bondi, Trump’s nominee for attorney general, repeatedly refused to clarify her position on cannabis issues during a question-and-answer period following her confirmation hearing before the Senate Judiciary Committee. This was despite Trump’s previous indications of support for the issue, and his full pardon to Russ Ulbricht, operator of the dark web drug market Silk Road.

Amid the delay in the rescheduling processes, a new poll from NuggMD reveals that a whopping 96 percent of Americans don’t trust the DEA to serve as an “unbiased proponent” of cannabis rescheduling.

Virginia makes progress on adult-use cannabis

Lawmakers on a Virginia Senate committee have advanced Senate Bill 970, which proposes a framework to legalize and regulate an adult-use cannabis market in the state. If passed, cannabis retail licenses could be issued on September 1, 2025, with sales slated to begin by May 1, 2026.

The bill was introduced by Senator Aaron Rouse (D) on January 17. Despite a veto threat from Virginia Governor Glenn Youngkin (R), both the Senate and House committees in Virginia have advanced the proposed legislation in four separate voting rounds. It is now heading to Virginia’s House of Delegates.

Separately, Virginia’s House of Delegates advanced HB 2485 on Monday (February 3). It is similar to legislation penned by Delegate Paul Krizek (D), and would allow adults to purchase up to 2.5 ounces of cannabis from regulated state-licensed retailers. It is now on track for consideration in the Senate.

Tilray sees growth across all segments in quarterly results

Tilray Brands (NASDAQ:TLRY) reported financial results for its second fiscal quarter of 2025 on January 10, revealing a 9 percent increase in net revenue from Q2 2024 to US$211 million.

Growth across all four business segments — alcoholic beverages, cannabis, distribution and wellness — also resulted in a 29 percent increase in gross profit compared to the previous year, with US$61 million earned.

During its earnings presentation, Tilray introduced a new initiative called Project 420, a US$25 million synergy plan to optimize operations and cut costs for its beverage business, which earned US$63 million in net revenue and showed the strongest growth by percentage, advancing at an annual rate of 36 percent. Tilray’s cannabis business segment, by comparison, grew by 35 percent in Q2 compared to 31 percent in the prior year, bringing in US$66 million in revenue.

The company also reaffirmed its net revenue guidance for fiscal year 2025, projecting net revenue to fall somewhere between US$950 million and US$1 billion.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

While gold is often steals headlines, copper is arguably the most essential resource for the modern world.

However, as demand for the base metal grows, supply is becoming increasingly restricted — in fact, major mines like Codelco’s Chuquicamata mine in Peru and Rio Tinto’s (ASX:RIO,NYSE:RIO,LSE:RIO) Bingham Canyon mine in Utah, which are over a century old, are returning lower grades and don’t have replacements set to come online.

This year’s copper outlook panel at the Vancouver Resource Investment Conference brought together industry experts Rick Rule, Lobo Tiggre and Ivan Bebek to discuss the state of the copper sector and what investors should know.

Copper demand to rise with or without AI, EVs

It’s hard to talk about copper without mentioning the energy transition, artificial intelligence (AI) and electric vehicles (EVs), but, Tiggre, who is CEO of IndependentSpeculator.com, emphasized that demand will rise with or without them.

“How much EV demand will there be? I don’t care; copper demand is going up without it. How much will AI turbocharge it? I don’t care; copper demand is going up anyway, and it’s supply constrained,” he said.

Rule shared that sentiment, noting how high demand is from developing nations alone.

“There are 1 billion people with no access to primary electricity; 2 billion people on Earth who have access to intermittent or unaffordable electricity,” said Rule, who is proprietor at Rule Investment Media. He went on to note that the copper boom between 2000 to 2010 could be attributed to the urbanization of China.

Ivan Bebek, president and CEO of Coppernico Metals (TSX:COPR,OTCQB:CPPMF), also discussed how the global population and urbanization are driving demand for copper.

“Construction is huge. In the early ’80s, the population was around 4 billion people; we’re now pushing 8 billion. So just think about that development curve and how much that has changed,’ he said.

‘You know, the EV thing is one thing, but mining construction is huge.’

Bebek went on to explain how urban centers are increasing their density to accommodate population increases. Homes built during the baby boom era are being torn down and replaced with condos. He sees this everywhere he goes.

“Copper hasn’t gone away. As much as we want to focus on EVs, there’s naturally a position where there’s going to be a lot of development that’s going to draw a lot more copper,” Bebek said.

Supply a growing concern as copper mines age

Supply is another key part of the copper equation, and it’s being increasingly constrained.

Part of the problem is financing in the industry, which was a theme throughout the conference. Junior companies dominate the exploration space and in many ways function co-dependently with large mining operators.

Over the last dozen years or so, money hasn’t been flowing down to the juniors from the well-financed majors. Instead, capital has been focused on mergers, share buybacks and dividends

The result is that majors aren’t adding to their mineral reserves, and juniors aren’t finding significant deposits.

“Buying isn’t building, so this isn’t bringing any more copper into the world,’ said Tiggre.

‘The discoveries have to happen. This is not an ‘if’ question — it’s a ‘when’ question. And the low-hanging fruit has already been picked. So somebody has to go out there and discover the stuff,” he added.

Copper mines operate on economies of scale, and small mines in the sector generally aren’t feasible. The industry’s mines are some of the largest and most productive in the world, but they’re also some of the oldest.

Rule described how, at 45 years old, BHP’s (ASX:BHP,NYSE:BHP,LSE:BHP) Escondida mine in Chile is still regarded as a young mine, especially in comparison to Chuquicamata and Bingham Canyon. While these are all massive operations, they are now suffering from lower grades, and depleting copper reserves.

Rule suggested that replacing these aging giants should have started 25 years ago, not today.

“And we did it, we found it — one deposit: Resolution. Wonderful deposit. A billion tonnes of ore in a great place between copper mines, towns, roads, highways — everything. One and a half percent copper, three times the average grade worldwide. It’s been stuck in permitting for 26 years,” he said.

Rule’s reference to the Rio Tinto and BHP joint venture outlines one of the critical problems faced by the industry today. It can take 25 years or more to take a copper project from discovery to production.

The majority of that time is spent on permitting, and while some jurisdictions are easier than others in that regard, building a copper mine is no easy task. It requires considerable capitalization and risk.

With that in mind, Rule advised mining companies to focus on scale.

‘If you’re going to take big risks, you gotta be shooting for big rewards.”

Overall, the panelists agreed that deficits in copper supply will challenge the industry in the coming years.

Is now a good time to invest in copper?

With a supply deficit expected to impact copper in the next few years, should investors enter the space now?

All three panelists are bullish on copper, but each of them offered a different opinion.

Rule suggested looking at the people involved in the companies. More specifically, he told the audience he wants to see a team with experience specific to mining or exploring for copper.

“You want to deal with somebody who knows what porphyry rock packages look like. You don’t necessarily want just exploration experience; you want access to copper exploration experience. The experience that the team got the reputation on has to be relevant to the task at hand,” he explained.

From Bebek’s point of view, it comes down to capital. “Everything about copper is expensive, and that’s where the rewards are worthwhile. My main thing would be to ask about the capital that they have or the line of selling capital. You can also look at share structure to see if they’re in a financial state with how many shares they have out.’

He also suggested that investors should not be afraid to ask how much management has invested in the stock. “If they’re not buying their shares of their company at cheap prices, why should you?”

Perhaps the most simple and direct advice came from Tiggre, who discussed understanding a project’s quality.

“Crap is crap. Crap at higher prices is still crap. Crap at lower prices is still crap,’ he said.

‘If you’ve got a copper project that’s been known for decades and it’s still on the ground and it’s not held up by permitting, it’s still in the ground because it wasn’t economic.’

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Earnings season is in full swing in the pharma sector with major players sharing their latest results.

On Tuesday (February 4), Amgen (NASDAQ:AMGN), Merck (NYSE:MRK) and Pfizer (NYSE:PFE) released financial results for the most recent quarter, providing critical data points for evaluating investment potential.

Amgen reports strong Q4, will focus on trials in 2025

Amgen’s financial results for Q4 and the full 2024 year reveal quarterly revenue of over US$9 billion, beating analysts’ estimates of US$8.87 billion. Revenue for the year came in at US$33.42 billion, ahead of projections of US$33.19 billion, driven by an overall increase in the volume of demand for its products.

An 11 percent year-on-year increase in product sales was primarily by the pharmaceutical company’s strong performance in oncology and immunology therapies, along with sales of Repatha, which treats high cholesterol, and Evenity, which treats osteoporosis in postmenopausal women.

Earning per share (EPS) also beat estimates of US$5.08, coming in at US$5.31.

Amgen performance, February 4, 2025.

Chart via Google Finance.

Looking ahead, Amgen’s revenue guidance for fiscal year 2025 was between US$34.3 billion and US$35.7 billion, in line with the average estimate of US$34.53 billion. Phase III trials of its weight management candidate MariTide, a dual GIP and GLP-1 receptor modulator, are expected to begin in H1 2025.

While Amgen’s shares have decreased by over ten percent year-on-year, they have increased by nearly 11 percent year-to-date. The stock closed with a marginal gain of 0.05 percent at US$289.01.

Merck beats on revenue, but Gardasil sales decline

Merck fell by nearly 11 percent ahead of the opening bell on Tuesday after its Q4 and full-year 2024 financial results showed adjusted sales revenue for its key vaccine, despite exceeding sales and profit expectations.

The company reported revenue of US$15.62 billion, beating analysts estimates of US$15.55 billion.

Earnings per share for the quarter were also ahead of expectations, US$1.72 compared to US$1.69; however, earnings per share were US$6.74 for the full year, compared to analysts’ estimates of US$7.62.

Sales reached US$15.6 billion in Q4, an increase of 7 percent from the prior year.

Full-year sales also rose by 7 percent to US$64.2 billion, driven by sales of Keytruda, the company’s leading cancer therapy. Keytruda brought in US$29.5 billion, representing an annual growth of 18 percent.

The company also announced positive topline results from a Phase 3 trial evaluating a subcutaneous formulation of pembrolizumab used in combination with Keytruda in adult patients with metastatic non-small cell lung cancer.

However, sales of Gardasil and Gardasil 9, two HPV vaccines, declined by 3 percent to US$8.6 billion.

Merck performance, February 4, 2025.

Chart via Google Finance.

For its 2025 fiscal year, Merck expects full-year adjusted EPS to be between US$8.88 and US$9.03, and revenue to fall somewhere between US$64.1 billion and US$65.6 billion. Analysts had been projecting EPS of US$9.13 and revenue of US$67.07 billion. The company also withdrew its US$11 billion sales target for Gardasil by 2030.

“This sales range reflects a decision to temporarily pause shipments of GARDASIL/GARDASIL 9 into China beginning February 2025 through at least mid-year,” the company said in an accompanying statement. According to Biopharma Dive, CEO Rob Davis clarified in the firm’s earnings call that the pause will “facilitate a more rapid reduction of inventory and help support the financial position” of its Chinese distribution partner, Zhifei Biological Products.

“China still represents a significant long-term opportunity for Gardasil given the large number of females, and now males with our recent approval, that are not yet immunized,” Davis said.

Pfizer discusses Seagen acquisition impact and 2025 outlook

Pfizer’s Q4 and 2024 financial results show revenue at US$17.8 billion, an increase of 22 percent compared to the previous year and exceeding expectations of US$14.31 billion. Revenue, excluding COVID-19-related therapies, was largely driven by Seagan’s portfolio of cancer therapies following its acquisition in December 2023.

However, full-year revenue fell slightly short at US$63 billion, compared to projections of US$63.6 billion. EPS was also below analysts’ estimates of US$0.71, coming in at US$0.63.

Its share price fell by 4.3 percent in early trading and ended the day down 1.26 percent.

Pfizer performance, February 4, 2025.

Chart via Google Finance.

Looking ahead, Pfizer will continue to focus on growing its pipeline of cancer drugs in 2025, with three potential therapies awaiting regulatory approval in 2025. The company will also initiate clinical trials for therapies related to inflammation, immunology, and internal medicine. For its 2025 fiscal year, Pfizer is projecting revenue of between US$61 billion and US$64 billion, aligning with the average estimate of US$63.22 billion.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

US President Donald Trump has said he wants access to Ukraine’s mineral deposits in exchange for future military aid that Kyiv needs as it continues to defend itself against Russia’s aggression.

While the comment highlighted Trump’s transactional approach to the war in Ukraine, it was not entirely unexpected. The US and other Western countries have eyed Ukraine’s mineral riches for a long time.

“We’re putting in hundreds of billions of dollars. They have great rare earths. And I want security of the rare earth, and they’re willing to do (that),” Trump told reporters in the Oval Office on Monday, without specifying what, if anything, Ukraine had agreed to do.

He has previously suggested that any future assistance should be provided as a loan and would be conditioned on Ukraine negotiating with Russia.

Under former US President Joe Biden, the US had provided Ukraine with $65.9 billion in military assistance since Russia launched its full-scale invasion of the country in February 2022.

Biden argued the aid was necessary because Ukraine’s victory was key to America’s own security. Trump, however, has made it clear he doesn’t believe the US should continue providing assistance without getting something in return.

While Trump did not give any details on what he wants from Kyiv, a deal outlining a deeper cooperation between the US and Ukraine on minerals had been in the works for months before he took office in January.

A memorandum of understanding prepared under the Biden administration last year said the US would to promote investment opportunities in Ukraine’s mining projects to American companies in exchange for Kyiv creating economic incentives an implementing good business and environmental practices.

Ukraine already has a similar agreement with the European Union, signed in 2021.

Adam Mycyk, a partner in the Kyiv office of the global law firm Dentons, said that while the objective of the deal – securing critical mineral supplies from Ukraine – remains unchanged, Trump’s approach seems to be more transactional.

Kyiv has not yet responded to Trump’s comments, but the Ukrainian government has in the past made the argument that its mineral deposits are one of the reasons the West should support Ukraine – to prevent these strategically important resources from falling into Russian hands.

Ukraine’s President Volodymyr Zelensky has specifically mentioned the possibility of future investments in the country’s natural resources by its Western allies as a key part of his “Victory plan.”

“The deposits of critical resources in Ukraine, along with Ukraine’s globally important energy and food production potential, are among the key predatory objectives of the Russian Federation in this war. And this is our opportunity for growth,” Zelensky said in a statement outlining the plan in October.

Nataliya Katser-Buchkovska, the co-founder of the Ukrainian Sustainable Investment Fund, said a deal that would bring US investment into Ukraine’s mining sector would be beneficial for both sides.

The US largely depends on imports for the minerals it needs, many of which come from China. Of the 50 minerals classed as critical, the US was entirely dependent on imports of 12 and more than 50% dependent on imports of a further 16, according to the United States Geological Survey, a government agency.

Ukraine, meanwhile, has deposits of 22 of these 50 critical materials, according to the Ukrainian government.

“It is not only a crucial step for Ukraine’s post-war economic recovery, but it’s also a chance for the US to address global supply chain issues,” said Katser-Buchkovska, who served as a member of the Ukrainian Parliament from 2014 to 2019 and was the head of a parliamentary committee on energy security and transition.

China’s global dominance

Although Trump used the term “rare earths,” it is unclear whether he intended to refer specifically to rare earth minerals – a group of 17 elements that exist in the earth’s core and have magnetic and conductive properties that make them crucial to the production of electronics, clean energy technologies and some weapon systems.

Ukraine doesn’t have globally significant reserves of rare earth minerals, but it does have some of the world’s largest deposits of graphite, lithium, titanium, beryllium and uranium, all of which are classed by the US as critical minerals. Some of these reserves are in areas that are currently under Russian occupation.

China has long dominated the global production of rare earths minerals and other strategically important materials. It is responsible for nearly 90% of global processing of rare earth minerals, according to the Center for Strategic and International Studies (CSIS). On top of that, China is also the world’s largest producer of graphite and titanium, and a major processor of lithium.

The latest trade spat between Washington and Beijing makes it even more important for the US to look for alternative suppliers.

The economic measures China announced on Tuesday in retaliation for Trump’s new tariffs include new export controls on more than two dozen metal products and related technologies. While they do not cover the most critical materials the US needs, the move indicates that China is prepared to use its mineral riches as leverage in trade disputes.

Mycyk said that the demand for these critical materials is expected to surge because of the global transition to electric vehicles and renewable energy technologies.

“Ukraine’s deposits are thus globally significant, offering diversification away from dominant producers like China. Keeping these resources under Ukrainian control is crucial for maintaining its economic sovereignty,” he added.

This post appeared first on cnn.com

Food distribution is being stopped. Health services are being shut down. Lifesaving aid is being tied up, with no way to disburse it.

These aren’t warnings of what’s to come, but examples of what aid workers say is the fallout of the Trump administration’s freeze on foreign aid and the gutting of the United States Agency for International Development (USAID).

“It’s heartbreaking for our beneficiaries, for whom this is life and death,” a USAID worker said.

“We have programs in Ukraine, we have programs in Burma, in Sudan, in some of the most complicated, dangerous places in the world, where there are just massive humanitarian needs,” the USAID employee said. “All of that is stopped. All of that is paused.”

“We do work that we think is really important for America’s power and stability abroad. We don’t do this work because it’s nice. We do it because it buys us much more, and it gives us much more than we are giving,” the USAID employee added. “It’s devastating to see this on a personal level, and I just think it’s so foolhardy on a global level.”

Meanwhile, thousands of Americans and people abroad are losing their jobs, as the entire aid industry reels from unpaid contracts.

These are a small selection of countries and programs severely affected by the aid freeze.

Without safe water, ‘people die, people are displaced’

USAID supports hundreds of projects focused on water security, in Jordan, the Democratic Republic of Congo, Ethiopia, India, and dozens of other nations. An estimated 4 billion people globally don’t have access to safe drinking water.

Without those programs, “animals die, people die, people are displaced,” said Evan Thomas, a professor of environmental engineering at the University of Colorado in Boulder.

He works on a project in Kenya that helps more than 1 million people access clean water, via 200 deep groundwater pumps installed and partially funded by USAID. Now, the program is unable to pay contracts with people hired to help maintain and repair the pumps.

“That entire program is now at risk of falling apart,” he said.

“When people don’t have water, when their livestock die, they become very stressed, and there are militias that are willing to take advantage of that stress and recruit for their own aims,” said Thomas, citing concerns about the rising influence of terror group Al-Shabaab in Kenya. “Undermining the access of people around the world to food and water and medicine is not going to make America more secure.”

“People don’t just sit around and die of thirst. They move. They migrate. And so this will create increased migration pressure everywhere in the world,” Thomas added.

Elsewhere in Kenya, other USAID-funded projects help improve care for HIV/AIDS patients are also being disrupted.

‘Feeding programs in Sudan are being shut down’

In Sudan, food kitchens funded by US aid are already shutting down, according to Jeremy Konyndyk, the president of Refugees International and a former USAID official.

It comes as the UN reports millions of families, many displaced, are experiencing crisis levels of hunger amid the country’s ongoing conflict.

“A lot of displaced people and a lot of people who are caught in famine and other crises could be harmed, if not gravely harmed, if not killed by this pullback of aid,” said Konyndyk, warning of the wide-reaching impact on refugees in Sudan, Syria and Gaza.

The US system for monitoring global famine, FEWSNET, which is used throughout the world, has also been shut down amid the Trump administration’s aid freeze.

“USAID has been a cornerstone of lifesaving initiatives in famine-stricken regions such as Ethiopia, Somalia, and Sudan, but the funding freeze leaves millions without access to essential services like health care, clean water, and shelter,” according to the executive director of the International Council of Voluntary Agencies, Jamie Munn.

Malaria cases will be ‘increasingly common occurrence’ in US without overseas projects

USAID spearheads a program to control and eliminate malaria in 24 of the hardest-hit African nations, including Mali, where malaria is the leading cause of mortality.

The aid agency funds and delivers antimalarial medications, test-kits and insecticide-treated bug nets, which save lives and help reduce the number of mosquitos.

Malaria still kills about 600,000 people each year worldwide – most of them children under the age of five. But in the countries where the USAID-run President’s Malaria Initiative operates, the mortality rate has been cut in half since George W. Bush launched it in 2006.

“One of the reasons that we don’t have malaria in the US is because we fund and track malaria worldwide, for global health security,” the contractor said. “So, the cases that everyone saw in Florida this past year would become an increasingly common occurrence if we’re not funding driving down the parasite elsewhere.”

Afghanistan ‘faces severe repercussions’ for vulnerable women

Afghanistan “faces severe repercussions as the funding pause disrupts education programmes, healthcare delivery, and women’s empowerment initiatives, undermining long-term recovery and stability,” the International Council of Voluntary Agencies said in a statement.

Meanwhile, more than 6 million people in the country are surviving on “just bread and tea,” World Food Program (WFP) Country Director for Afghanistan Hsiao-Wei Lee told Reuters.

She is concerned about the aid freeze given that the WFP is already running on half the funding it needs in Afghanistan.

The WFP received 54% of its funding last year from the US, according to the UN.

Funding disrupted for Ukrainian schools and heating systems

USAID funds backup heating systems to schools and hospitals in 14 regions of Ukraine, which are invaluable amid Russia’s continued attacks on the country’s energy infrastructure, according to the USAID Ukraine account on ‘X.’ That account has since been taken offline.

USAID also assists with equipment delivery to energy workers, for example in the southern city of Odesa, which was recently hit in one of Russia’s assaults on Ukraine’s energy supplies.

Funding for these programs, as well as others focused on food security and veterans’ rehabilitation has been frozen, according to nonprofits in the country.

Lawmakers in the Ukrainian parliament have made a plea for continued USAID assistance, which also funds programs that enable thousands of children to continue their education and support children impacted psychologically by the war.

USAID funding further supports Ukrainian media outlets, in an effort to keep them going amid economic hardship and counter Russian media and propaganda.

“The grants have become a pillar of support for many domestic media outlets, as the advertising market, which helped the media survive, has not yet revived after the full-scale invasion of the Russian Federation,” the Ukrainian Parliament’s Committee on Humanitarian and Information Policy said last week.

It’s ‘going to destabilize the Venezuelan and Colombian border’

In Colombia, USAID funds and operates programs related to counter-narcotics, emergency food assistance, combatting deforestation and more.

Donors and organizations working on the ground have expressed huge concerns about the sudden drop off in aid, especially as the country faces an escalation in violence and a humanitarian crisis in the Catatumbo region, a strategic territory for drug production.

“We’ve tried to explain that (the aid freeze) is both going to destabilize the Venezuelan and Colombian border, but also destabilize the internal conflict, and that is one of the largest coca-growing areas in the country,” said one aid worker, highlighting concerns about an uptick in drug trafficking as well as local people suffering.

Non-governmental aid workers in the Latin America region have compiled a list of current USAID projects they say are designed to counter immigration and combat the influence of cartels, with that work now halted in Colombia, El Salvador, Guatemala and Honduras.

US funds 47% of global humanitarian aid

The impacts are far wider than a handful of countries, of course, with international nonprofits warning about consequences on every continent.

“I think the entire humanitarian system could collapse because we fund about 40% of it,” the USAID official added. According to UN officials, the US funds around 47% of global humanitarian aid.

The country is the largest provider of humanitarian assistance globally, although it accounts for less than 1% of the federal budget.

Speaking to the press in El Salvador on Monday, Rubio said the “functions of USAID” must align with US foreign policy and that it is “a completely unresponsive agency.”

When asked about the arguments that USAID’s work is vital to national security and promoting US interests, Rubio said, “There are things that USAID, that we do through USAID, that we should continue to do, and we will continue to do.”

Since it was established by Congress in 1961, USAID “has brought lifesaving medicines, food, clean water, assistance for farmers, kept women and girls safe, promoted peace, and so much more over decades, all for less than one percent of our federal budget,” Oxfam America President Abby Maxman said in a statement. “Ending USAID as we know it would undo hard-earned gains in the fight against poverty and humanitarian crisis, and cause long-term, irreparable harm.”

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The Taliban suspended the operation of Afghanistan’s only women’s radio station after raiding its premises on Tuesday, deepening the exclusion of women from public life and society since the group took power in 2021.

Kabul-based Radio Begum – a station run by women with content aimed at women’s education – said officers from the Taliban’s information and culture ministry restrained the station’s staff as it searched its premises in the nation’s capital.

Officers “seized computers, hard drives, files and phones from Begum staff, including Begum female journalists, and took into custody two male employees of the organization who do not hold any senior management position,” the station said in a statement on Tuesday.

The ministry later confirmed the station’s suspension, citing several alleged violations of “broadcasting policy and improper use of the station’s license,” including “the unauthorized provision of content and programming to a foreign-based television channel.”

It did not identify the foreign TV channel in question, but said it will determine the station’s future “in due course.”

Reporters Without Borders (RSF), an independent rights group, condemned the suspension and demanded its immediate reversal.

Before Tuesday’s ban, Radio Begum broadcast six hours of lessons a day, along with health, psychology and spiritual programs to women across most of Afghanistan. The station said it provides education to Afghan girls and support to Afghan women, without being “involved in any political activity whatsoever.”

Its sister channels also offer lessons online filmed in studios thousands of miles away in Paris. The televised classes cover a wider array of subjects, providing education in a country where girls are banned from school after sixth grade.

Tightening the grip

The Taliban, a radical Islamist group not recognized by most countries around the world, has been tightening its grip on the media landscape since its takeover more than three years ago.

Initially presenting itself as more moderate than during its previous rule of Afghanistan in the 1990s, it even promised that women would be allowed to continue their education up to university.

But it has since cracked down instead, closing secondary schools for girls; banning women from attending university, working in most sectors and at NGOs, including the United Nations; restricting their travel without a male chaperone; and banning them from public spaces such as parks and gyms.

Last year, the Taliban closed at least 12 media outlets, both public and private, according to RSF, which ranked Afghanistan 178 out of 180 countries in its latest press freedom index.

The Islamist regime also banned the sound of women’s voices in public – including singing, reciting, or reading aloud – under a strict set of “vice and virtue” laws that made it even harder for Radio Begum to reach its female audience.

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