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As this uncertainty on global trade reduce, that desperation to hide also goes away and that could maybe take away thistemporary Tina which people are feeling about India. But again, a lot of this has a lots of ifs and buts and characters who are difficult to predict in what they would like to do and that is why it is still at least for the next 90 days or whatever is remaining of that 90-day period, it will be a headline driven market.
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Pakistan is making another attempt to privatize Pakistan International Airlines (PIA), offering up to 100% ownership and management control with a bidding window open until June 2025. To attract buyers, the government is providing incentives like tax exemptions and balance sheet support after previous attempts failed due to debt concerns.
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China, a major plastics producer, might waive tariffs on US petrochemical feedstocks like ethane and LPG if trade talks progress favourably, according to Goldman Sachs. These materials previously had waivers in 2018. The US-China trade conflict has hit China's plastics industry, which relies on US supplies. Trade flows have shifted, with US LPG cargoes being rerouted.
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President Trump has directed the Justice Department, led by Attorney General Pam Bondi, to investigate ActBlue, the Democratic Party's fundraising platform, over alleged illegal campaign donations. Democrats have condemned the move as an oppressive use of power and an attack on democracy. ActBlue pledges to fight the order legally.
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The foundation of our outperformance lies in disciplined, long-term investing in high-growth businesses. Whats critical to highlight is that the returns have primarily been driven by the earnings compounding, not multiple expansion. In other words, profits have done the heavy liftingnot sentiment-driven rerating.
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