However, unlike during the pandemic-delayed Games in Japan four years ago, the marathon and race walk events will remain in Tokyo.
In 2021, both events were moved to the cooler northern city of Sapporo due to heat concerns.
Both the men’s and women’s race walks are scheduled to start at 8:00am local time on Saturday in a bid to beat the heat.
In an Instagram post on Tuesday,, external Olympic 800m champion Keely Hodgkinson uploaded a photo from her Japanese training base with the caption: “Hot out here”.
Coe says the battle against climate change has fallen on sports leaders after inaction from governments.
“Governments have not stepped up to the plate and sport is going to have to take some unilateral judgments and decisions here,” added Coe.
“And we have reflected in the past, if we are committed to athlete welfare, then we should probably be openly committed to that.”
Maryland Gov. Wes Moore (D) formally launched his reelection on Tuesday, after he appeared to rule out a 2028 presidential run.
In a roughly two minute long announcement video, Moore contrasts himself with President Trump. Moore accuses the president of “bending over backwards for billionaires and big corporations.”
“I’m not from that world and y’all know I’m a person of action,” Moore says. “We are moving forward fast across this state and across party lines to prove to a dysfunctional Washington that there is a better way forward.”
Moore, an Army veteran, was first elected in 2022. He previously had not held elected office. According to a Maryland Now poll released last month, Moore holds a 50 percent approval rating in the state.
Moore’s reelection launch comes days after he said on NBC’s “Meet the Press” that he will not run for president in 2028.
“Yes, I’ll be serving a full term,” Moore told NBC’s Kristen Welker. “I’m excited about reelection. I’m excited about what I’m going to be able to do for the people of Maryland.”
“Do you rule out a run for president, governor?”
“Yeah, I’m not running for president,” Moore responded.
“You rule it out?” Welker asked.
“Yes, I’m not running for president,” he said.
Moore has consistently been floated as a potential 2028 Democratic contender. The governor stoked speculation earlier this year visiting the battleground of Pennsylvania and the early primary state of South Carolina. Additionally, Moore has gone toe-to-toe with Trump on crime amid the president’s threats to deploy the National Guard to Baltimore.
Paytrie, a Canadian fintech company, has joined the Circle Payments Network (CPN) to offer new real-time payment options from Canada to international destinations.
Paytrie aims to improve the stablecoin payment infrastructure in Canada by leveraging Circle Payments Network.
The integration with CPN is designed to broaden the usage of stablecoins such as USDC, offering Canadians “more efficient” global money transfers, stated Paytrie.
Paytrie’s involvement with USDC dates to the company’s inception, providing Canadian users access to the stablecoin through its core platform and participating in the Circle Alliance Program to promote stablecoin adoption.
As a FINTRAC-registered Money Services Business, Paytrie offers stablecoin-based payment solutions to both individuals and businesses.
The company indicated that it will continue to build on its regulatory and product offerings, with more details on the expanded capabilities through the Circle Payments Network to be shared in due course.
Paytrie chief strategy officer Jason Tong stated: “Integrating with CPN marks an important step forward in Paytrie’s mission to modernise money movement for Canadians. We are excited to explore how stablecoins can reduce costs, increase transparency, and provide always-on settlement for individuals and businesses in Canada.”
This initiative, aimed at curbing counterfeit tokens and bolstering transparency, was executed in partnership with Bluprynt, a fintech startup headed by Georgetown Law School professor Chris Brummer.
The pilot leveraged Bluprynt’s cryptographic and blockchain technology, allowing companies to trace their stablecoin tokens to the original, verified issuer.
“Canadian fintech Paytrie joins Circle Payments Network ” was originally created and published by Electronic Payments International, 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.
Handout photo issued by US Department of Justice of Jeffrey Epstein standing in front of his private plane
A US congressional panel has released a redacted copy of an alleged “birthday book” given to Jeffrey Epstein in 2003 celebrating his fiftieth birthday.
The book was released with a trove of documents that include the late convicted paedophile financier’s will and his personal address book – with contacts that include royalty, politicians across the globe, celebrities and models.
The 238-page book contains messages and photos sent by many of Epstein’s friends, including a letter carrying a signature resembling US President Donald Trump’s. Trump has denied ever writing the birthday note.
Epstein, a well-connected financier and convicted sex offender, was found dead by suicide in 2019 while awaiting a trial for sex trafficking.
What was released and why now?
The House Oversight Committee last month issued a legal summons for the executors of Epstein’s estate to produce a number of documents, including a birthday book which contains the note purportedly from Trump.
Lawyers for the estate sent documents to the committee afterwards.
On Monday, the committee released the alleged birthday book as well as Epstein’s will, entries from his contact books containing addresses from 1990 to 2019, and a non-prosecution agreement signed by him.
How did we get here?
The Trump administration has been grappling with growing calls for the so-called “Epstein files” to be released in their entirety – including from Trump’s Make America Great Again (Maga) base.
Reports emerged that the president was told in May by his attorney general that his name appeared in files related to the investigations into Epstein.
The pair were friends in the 1990s and early 2000s. Being named is not evidence of any criminal activity, nor has Trump ever been accused of wrongdoing in connection with the Epstein matter.
Trump had said during the 2024 election that he would be open to making more information public, and his campaign leaned into a belief popular among some Maga supporters that key truths about Epstein’s life and death were being hidden.
But he changed his position in July. The Department of Justice and FBI said in a memo that no more material would be released, while Trump said the case was closed and criticised his own supporters who had continued to press him on it.
Some of his conservative supporters had already voiced frustration with his administration’s handling of disclosures regarding the Epstein files, particularly after Attorney General Pam Bondi released documents that had already been available publicly.
Bipartisan pressure for more transparency persisted. In late July, the Republican House announced an early recess for the chamber, stalling efforts to force the release of Epstein-related documents within 30 days.
What did Trump allegedly write?
Reuters
Democrats on the House Oversight Committee released the image on Monday, after the committee received it from the Epstein estate. The White House said “President Trump did not draw this picture, and he did not sign it”
The alleged entry from Trump contains a signed note outlined by a sketch of a woman’s body.
The final line reads: “A pal is a wonderful thing. Happy birthday – and may every day be another wonderful secret.”
This matches descriptions by the Wall Street Journal, which first reported the letter in July.
The note features what appears to be an imagined conversation between Trump and Epstein, where they agree there is “more to life than having everything” and that they “have certain things in common”.
Trump has not commented on the note’s release, though the White House has denied he produced anything for the book and said the signature on the note did not match Trump’s.
The White House said the president “did not draw this picture, and he did not sign it”.
Who else was named in the ‘birthday book’?
Entries from 40 people, divided into several categories such as “friends”, “business”, “science” and “Brooklyn”, were published, though the names under “family” and “girl friends” were redacted.
These people are not accused of any legal wrongdoing in connection with Epstein’s case.
The document contained a message which appears to have been written by former US President Bill Clinton. The author wrote about Epstein’s “childlike curiosity” and a “drive to make a difference”.
Clinton’s office has not responded to a BBC request for comment.
The entry by Lord Peter Mandelson, currently the UK ambassador to the US, calls Epstein “my best pal” and includes several photographs.
Alongside one picture of Lord Mandelson with two women, whose faces are obscured, he writes about meeting Epstein’s interesting – in inverted commas – friends.
An official spokesperson for Lord Mandelson has told the BBC that he “has long been clear that he very much regrets ever having been introduced to Epstein,” adding: “This connection has been a matter of public record for some time.”
There isn’t a letter from Prince Andrew. But an entry from an unidentified woman says that thanks to Epstein she had met the Prince, Bill Clinton and Trump.
The woman goes on to say she has “seen the private quarters of Buckingham Palace” and “sat on the Queen of England’s throne.” Prince Andrew has previously denied any wrongdoing.
What are the other entries about?
There’s a wide range of content from people from all walks of life – from occupants of the White House to women working as masseuses.
An unidentified woman recalled how she was a 22-year-old restaurant hostess until she met Epstein, after which she travelled the world and met many notable people including royals.
There were also photos of Epstein throughout the years – from his private jet to a random Asian medicine shop, and him embracing women whose faces were redacted.
Others sent him photos, some containing lewd scenes featuring wild animals from a safari including zebras and lions.
The book begins with an introduction by Ghislaine Maxwell – Epstein’s British co-conspirator and ex-girlfriend, who was convicted in 2021 of conspiring with Epstein to traffic girls for sex. She wrote that she hoped Epstein got “as much pleasure looking through” the book as she did putting it together.
It also includes a hand-written note from Epstein’s mother, who recalled his childhood as an “excellent” student before praising his “achievements” as an adult, including his limousines and magazine features about him.
What has the reaction been?
The release came with a note from the House Oversight Committee chairman James Comer, criticising Democratic committee members.
Comer said the Democrats were “cherry-picking documents and politicizing information received from the Epstein Estate”.
Vice-President JD Vance accused the Democrats of “concocting another fake scandal” designed to “smear President Trump with lies”.
The committee’s top Democrat said it was “time to end this White House cover-up”.
Congressman Robert Garcia wrote on X: “We got the Epstein note Trump says doesn’t exist.”
Meanwhile, Democratic Congresswoman Jasmine Crockett – who also sits on the committee – called for “full, unredacted Epstein files” to be released.
She added: “The survivors deserve justice, and the American people deserve the truth.”
WASHINGTON (AP) — Global warming in the U.S. is amping up the country’s sweet tooth, a new study found.
When the temperature rises, Americans — especially those with less money and education — drink lots more sugary beverages and a bit more frozen desserts. It amounts to more than 100 million pounds of added sugar (358 million kilograms) consumed in a year, compared to 15 years earlier, according to a team of researchers in the U.S. and United Kingdom writing in Monday’s Nature Climate Change.
“Climate change is shaping what you eat and how you eat and that might have a bad effect on your health,” said study co-author Duo Chan, a climate scientist at the University of Southampton.
“People tend to take in more sweetened beverages as the temperature is getting higher and higher,” Chan said. “Obviously under a warming climate that would cause you to drink more or take in more sugar. And that is going to be a severe problem when it comes to health.”
A little added sugar every day adds up
By tracking weather conditions and consumer purchases, the researchers found that sugar consumption rose as temperatures moved between 54-86 degrees Fahrenheit (about 12 and 30 degrees Celsius). And the warmer it got, the more sugar was consumed, until appetites began to lessen when it grew warmer than 86 degrees.
The daily difference from higher temperatures doesn’t amount to even a single candy bar for the average person. But it adds up over time and has a big effect, said University of California San Francisco endocrinology professor Dr. Robert Lustig, a specialist in pediatrics and obesity who wasn’t part of the study.
Lustig wrote in an email that among poorer Americans, just one added can of sugary soft drink per day increases diabetes risk by 29 percent — and temperature-related thirst plays a big part in America’s obesity epidemic.
The U.S.’s average annual temperature has gone up about 2.2 degrees (1.2 degrees Celsius) since 1895, according to the National Oceanic and Atmospheric Administration (NOAA).
To chart the impact on sugar consumption, researchers compared it to the American Heart Association recommendations: limiting daily intake to 36 grams for men and 25 grams for women.
The team then compared wind, precipitation and humidity records to the detailed purchase records of 40,000 to 60,000 American households from 2004 to 2019, not using any data after the pandemic hit. Then they looked at the nutritional information of the items bought. That allowed them to eliminate other factors to make a causal link and come up with a calculation for how much extra sugar is consumed per person per degree, said lead author Pan He, an environmental scientist at Cardiff University.
Researcher He said she started thinking about the study when she noticed that people in the U.S. tend to grab sugary soda when they are thirsty: “From a perspective of nutrition science or environmental science, that could be a problem,” she said.
Sugar consumption can vary with gender, income and education
The researchers found that men consumed more sugary soft drinks, and that the amount of added sugar consumed during hot weather was several times higher for low- and very low-income families than for the wealthiest, the study found.
People who work outside drank more sugary drinks than those who work inside, and the same went for families where the head of the household was less educated. White people have the highest added sugar effect, while Asian Americans showed no significant change in added sugar in the heat.
Lustig said sugary drinks are marketed and priced in a way to attract the poor, and in many disadvantaged communities the water tastes funny because of chemicals in them. Poor people are also less likely to have air conditioning and are more likely to work outside and need more hydration, Lustig and He said.
“It should concern us that the rate of the impact is larger in households where people make less money or are less educated,” said Dr. Courtney Howard, vice chair of the Global Climate and Health Alliance. “These groups tend to have lower baseline health status, so this is an area where climate-related changes appear to magnify existing health inequalities.”
Howard, an emergency room physician, was not part of the study.
The amount of sugar consumed is likely to soar in the future with more warming, Chan said.
But University of Washington health and climate scientist Kristie Ebi, who wasn’t part of the research, said as temperatures increase with human-caused climate change “there will be other issues of more importance than a small increase in sugary beverages.”
Cerence AI is set to launch an AI agent aimed at facilitating hands free mobile work within vehicles, in partnership with Microsoft.
This agent will operate on the agentic AI assistant platform, Cerence xUI, offering voice-first access to Microsoft 365 Copilot, OneNote, Outlook, and Teams.
The system is designed to tackle the increase in mobile work and related distracted driving risks. It will offer natural hands-free interaction, aiming to diminish the need for physical and visual engagement, thus reducing distractions.
The upcoming mobile work AI agent will be integrated into the vehicle’s system and will benefit from xUI’s orchestration capabilities across various automotive-grade AI agents.
It will also use contextual awareness to tailor its functionality to the user’s current situation, whether driving, in an autonomous vehicle, or parked, to ensure minimal distractions and a safer experience.
Users will be able to collaborate with the agent to compose messages, prepare meeting agendas, and expand notes into detailed documents using voice commands.
The agent will also provide morning briefings, daily summaries, and manage calendars by drawing context from Microsoft 365 Copilot services and the vehicle’s data.
Cerence AI chief revenue officer Christian Mentz stated: “With our new mobile work AI agent and its integration with Microsoft 365 Copilot services, we will help to minimise this impulse through a natural, voice-first experience that doesn’t compromise safety or security.
“The focus isn’t maximising productivity; it’s recognising the need for technology that supports smarter, safer work in a world that is increasingly mobile.”
Cerence AI noted that since the beginning of 2024, it has been working with Microsoft to deliver an “automotive-grade” technology in vehicles, allowing users to utilise ChatGPT via Microsoft Azure OpenAI within AI Foundry Models.
Furthermore, Cerence AI has developed an automotive-grade, embedded small language model (SLM), CaLLM Edge, in cooperation with Microsoft. The development leveraged Microsoft’s Phi-3 SLMs and Cerence’s automotive data to create AI capable of managing a variety of automotive scenarios.
In July 2025, Mercedes-Benz announced an expansion of its partnership with Microsoft to integrate popular business tools, including Teams, into its vehicles.
“Cerence AI to introduce mobile work AI agent for cars” was originally created and published by Just Auto, 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.
BBC director general Tim Davie has said “no-one is irreplaceable”, following a series of high-profile scandals at the corporation over the summer.
Davie and BBC chair Samir Shah are facing questions from the Culture, Media and Sport Committee on a wide range of issues, including culture at the BBC, its Glastonbury coverage, its Gaza documentary and the MasterChef crisis.
Shah told MPs that he was determined to “stamp out” bad behaviour, adding: “It doesn’t matter how grand you are, how famous you are, how important you are. If you behave badly and abuse your power, we don’t want you working for the BBC.”
Asked by MPs to guarantee there would not be another “scandal of BBC talent abusing their position”, Davie replied: “I don’t think you can change culture in six months and suddenly say nothing’s going to occur… we may see more things coming out.”
Davie also insisted he was “not letting anything lie” when it came to rooting out abuses of power within the corporation.
Asked if he had considered resigning, Davie said the job of director-general was “not for the faint-hearted”.
“If I said I wasn’t feeling the pressure, I think I’d be inhuman,” Davie said. “When you’re in these jobs, you should be held accountable.”
“We want to grip the issues, that’s at the forefront of our minds,” he added.
During the hearing, the BBC chiefs discussed some of the changes that have been made to how abuses of power are dealt with following a recent review into the BBC’s workplace culture.
“There are consequences, we are not mucking around now,” Davie said.
He insisted the report had shown that the BBC does not have “a toxic culture”.
But he also said there were “pockets where things were not right”.
‘We do not have a toxic culture’: Tim Davie quizzed by MPs on the BBC
One of the topics discussed was the MasterChef crisis, after both of its presenters – Gregg Wallace and John Torode – were sacked following a report which upheld allegations against them.
Davie would not comment on whether there were currently further scandals about workplace behaviour and abuses of power brewing.
He also said he couldn’t guarantee there would never be someone else abusing their power.
“Because culture is ongoing,” he said. But he added that he thought “we’re at a moment in society where we’re calling it out”.
Davie added that the “vast majority” of chefs on MasterChef wanted its latest series to air.
It comes after two of the participants were edited out following the allegations against Wallace and Torode.
“I think it was on judgment the right thing to do, but I understand that you could see both sides of the argument very clearly,” Davie said.
PA Media
Tim Davie said Bob Vylan’s Glastonbury set, which was broadcast on iPlayer, was “deeply disturbing”
MPs also asked the BBC chief about the corporation’s coverage of Glastonbury.
The BBC has faced strong criticism for a live broadcast of Bob Vylan’s performance at the festival, during which the band’s singer led crowds in chants of “death, death to the IDF [Israel Defence Forces]” and made other derogatory comments.
Davie said that what had happened was “deeply disturbing”, adding: “The BBC made a very significant mistake broadcasting that.”
He added that he had done the “right thing” at the time, by pulling it off the iPlayer.
Davie said an internal disciplinary process was ongoing into what had happened. When asked why that process hadn’t concluded yet, he said it “[takes] time, you need to do it properly”.
He added: “These are well intentioned people who made a mistake, so I need to be proportionate.”
Davie also said the measures which have since been put in place would “categorically prevent what happened”, adding: “If something is a high-risk act, we’d now put it on delay.”
Writing about the Jeffrey Epstein saga has the feeling of using an air horn. It calls a great deal of attention to oneself, produces unpredictable and intense results in its audience and really should be saved for moments when it’s absolutely necessary — scaring off a charging bear, preventing a maritime disaster, being Pitbull, etc.
Then you read something like this: “[Speaker Mike Johnson] went on to say, ‘[President Trump] was an FBI informant to try to take this stuff down.’” And you find yourself pulling open the junk drawer in the kitchen and rummaging for that air horn you bought as a stocking stuffer last Christmas.
When the Speaker then clarified that he was only “reiterating what the victims’ attorney said” — the part about how Trump had cooperated with investigators during the first Epstein prosecution but not the part about how the president had done an “about-face” — then you’ve got to push that little red button.
It would be one thing if the Speaker had a reputation as a liar, but even his fiercest enemies would have to acknowledge that Johnson is known to be a very honest man. Or if Johnson were stupid, it might be reasonable to think that he didn’t know how police informants work. But Johnson, a lawyer and law professor, has proven to be a lot smarter than most in Washington. He keeps passing bill after bill despite having a majority thinner than the ones that ate his three immediate Republican predecessors alive.
The most obvious and unpleasant explanation for why Johnson would say that Donald Trump was undercover for the FBI trying to bring down an international ring of pedophiles is that somebody told him it was true. The list of people who might tell Johnson something like that and whom Johnson would believe well enough to repeat the claim is very, very short. Maybe even just one name long, signed with a flourish…
The obvious part of why it’s not pleasant to write (or read) about the Epstein case is the luridness of all of it. That, of course, is also the largest part of why this story, more than any of the other similarly ripe scandals of the second Trump term, has persisted. The wild buckraking that the president and his family are doing is no less active or ethically profane than it was when the Qataris gave him a jumbo jet and his family was holding soirees for foreign crypto patrons this spring. But sex sells, and the more taboo and shameful the better.
Gen Xers will nod and think of l’affaire du Lewinsky, but even a whiff of sex scandal can turn a boring old corruption story into a scandal with legs. Teapot Dome 100 years ago wouldn’t have wrecked the Harding administration the way it did if it had just been about oil leases. The tawdry behavior of Harding’s Ohio Gang in Washington and the poorly kept secret of the president’s many infidelities let every story about bribes and kickbacks be suffused with a prurience that could really sell newspapers.
Aside from not wanting to to be selling sex, the other reason that Epstein coverage feels distasteful is the degree to which Democrats have glommed on to the story. As Mark Leibovich argued in a recent piece: “The distraction drumbeat not only dilutes the seriousness of Trump’s actions; it also exemplifies the Democrats’ own lame efforts to communicate a potent opposition message.”
Yup.
I’m all for partisans trying to score points and win elections. It’s their job, after all. But I don’t like adding my air horn to either side’s klaxons. And yet, this, like most durable scandals, seems to be more about how it divides the party in power than how it energizes the opposition. Just making a president a lame duck, a scandal isn’t something that the other side does to you. It has to be about how it exercises the home team.
If the Obama administration had run an undercover operation that put illegal abortion pills into Mexico, it would have infuriated Republicans but drawn shrugs from Democrats. But because it was illegal guns that found their way south of the border, enough Democrats joined the opposition to make the administration take notice.
There are a number of reasons why the Epstein story gets so far into the brains of Republicans and why, unlike all of the rest of the scandals with which Democrats and the press have tried to nuke Trump, so many in the GOP are sticking with the story despite the many incentives to put it in the memory hole.
One is that other Republicans have skin in the game here. This is the first of the Trump scandals since the Jan. 6, 2021, sacking of the Capitol that contemplates a post-Trump political world. There’s no more elections for Trump to win, and how his fellow Republicans conduct themselves around this issue will matter not just for the coming midterm elections but in the 2028 primaries.
Not unlike Hillary Clinton during the whole Benghazi debacle, the interests of the current administration are in tension with the folks hoping to be the next ones at bat. And that tension in the Epstein case is understandable because of the centrality of the issues of sex trafficking and pedophilia to the current Republican Party.
In the same way that the Iran-Contra scandal undercut a core strength of the Reagan administration — the release of the American hostages held in Tehran and a we-don’t-negotiate-with-terrorists attitude — Trump’s very shady behavior around the Epstein case hits hard for a movement that celebrated “Sound of Freedom” and frequently labels political enemies as “groomers.”
I will still be sparing in the use of the Epstein air horn, but one gets the feeling that it’s going to have to stay out on the counter for a good while longer.
We’re heading toward the final weeks of 3Q25, and while some investors have been cautious, the backdrop is far from bleak. Despite softer jobs data and September’s reputation as a difficult month for stocks, the major indexes remain near record highs. The S&P 500 has climbed 10% year-to-date, while the NASDAQ is up 12.5%.
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What’s fueling much of this resilience is growing confidence that the Federal Reserve will pivot back to rate cuts this month. That potential shift in policy is being seen as a major tailwind, offering markets a solid catalyst and reinforcing optimism that easier monetary conditions could keep the rally alive.
Mike Wilson, chief US equity strategist at Morgan Stanley, sums up the situation: “At Jackson Hole, Chair Powell appeared to confirm what the bond market was pricing – a September start to Fed rate cuts… While the bond market is already pricing ~5 cuts by year-end 2026, our work shows that equities typically deliver strong performance during Fed cutting environments. Further, valuation tends to remain supported when the policy rate is being reduced and earnings growth is above the long-term median. This is our expectation for stocks over the next 12 months.”
This overall upbeat market outlook has the Morgan Stanley stock analysts scanning the markets for their top picks to round out 2025. Using the TipRanks platform, we took a closer look at three of those picks and found that the trio enjoys strong support from the rest of the Street. Let’s dive in.
Chewy(CHWY)
The first Morgan Stanley pick we’ll look at is Chewy, an online retailer founded in 2011 and working in the pet supply business. The company went public in 2019, and today has a market cap of ~$17.6 billion.
The pet supply market is a niche business, but a substantial one, encompassing everything from food and toys to veterinary medicine and services to boarding and training, and pet owners are seeking these goods and services for every critter imaginable: cats and dogs, birds and guinea pigs, assorted rodents, exotic fish, lizards, and turtles. Chewy has organized its online retail site to make these products easy to find, no matter what animal a pet owner has. The company even offers goods and services for livestock such as horses and chickens.
In recent years, Chewy expanded from basic pet supply goods – think food, bedding, cat litter, and the like – to add veterinary and pet pharmaceutical care to its service lineup. Chewy’s veterinary network features clinics in South Florida, Atlanta, Denver, and the Austin, Dallas, and Houston areas in Texas. Vet services frequently lead to prescriptions, and pharmacy services are available for a wide range of creatures, from the most common dogs and cats to horses and exotic pets.
Altogether, Chewy offers more than 130,000 products and services through its website and network, backed up by conventional 1-2 day delivery. The company has proven to be popular with consumers, and at the end of fiscal 2024 it boasted approximately 20.5 million active customers.
In its last quarterly report, covering fiscal 1Q25 – the quarter ending this past May 4 – Chewy continued to show strong revenue gains. The top line of $3.12 billion was up 8.3% year-over-year and beat the forecast by over $40 million; at the bottom line, the non-GAAP EPS of 35 cents was up 4 cents from the prior year and came in a penny better than expected. The company will release its fiscal Q2 results on September 10.
Morgan Stanley’s Nathan Feather sees a clear path for Chewy to continue making gains, and writes of the stock: “We see a high likelihood of a FY25 revenue guidance increase as the implied 2H decel doesn’t appear to be supported by intraquarter trends. In addition, the pet macro is showing early signs of life with improving web traffic, search interest, and shelter data; if pet household formation or pricing picks up in 2H25, a return to 10%+ revenue growth appears on the table. There is heavier debate on the potential for a FY25 EBITDA guidance raise; we believe it is more likely than not given historical conservatism and the misunderstood magnitude of one-off SG&A costs in 1Q set to roll off through the year.”
“Taken together,” the analyst summed up, “we are tactically positive into the print. CHWY remains our Top Pick with improving share gains, a compelling margin inflection, and emerging clinic bull case.”
Feather puts an Overweight (i.e., Buy) rating on Chewy’s stock, and his $50 price target points toward a one-year upside of 18%. (To watch Feather’s track record, click here)
Overall, CHWY shares have a Strong Buy consensus rating, based on 22 recent analyst reviews that include 17 Buys and 5 Holds. The stock is priced at $42.33 and the $47.68 average price target implies an upside potential of 13% in the year ahead. (See CHWY stock forecast)
EQT Corporation (EQT)
Next up is a leader in the US hydrocarbon energy sector, EQT. This company traces its roots to 1888, and is one of the largest natural gas producers in the gas-rich basins of the Appalachian region. EQT has extensive land holdings in three states – Pennsylvania, Ohio, and West Virginia – and taps into the resources of the vast Marcellus Shale.
The company’s largest holdings, totaling over 100,000 net acres, are in Pennsylvania, where it has an extensive presence in the southwest corner of the state and smaller holdings in the north-central area. In West Virginia, EQT holds 600,000 net acres, mainly in areas abutting the neighboring corner of Pennsylvania. And finally, in Ohio, the company is developing the Utica Shale in Belmont County, and holds 150,000 net acres across the Ohio River from the West Virginia holding. EQT makes extensive use of horizontal drilling and hydraulic fracturing techniques to maximize the efficiency of its wells and to tap resources located as much as 6,000 feet below the surface.
In addition to its natural gas production activities, EQT also has extensive assets and operations in the midstream sector. This is a vital element of the natural gas industry, making up the infrastructure that transports gas from the wellheads and stores it for later use and export. EQT’s midstream assets include gathering, storage, and pipeline infrastructure across the Appalachians.
EQT generated high operating revenues in its last reported quarter, 2Q25, of $2.56 billion. This figure was up an impressive 167% year-over-year, reflecting both strong sales and strong pricing. EQT’s non-GAAP EPS, at 45 cents, marked a decided turnaround from the 8-cent-per-share loss reported in 2Q24. The current figure beat the forecast by 5 cents per share. The company’s free cash flow in the second quarter of this year came to $240 million, compared to a $171 million loss one year earlier.
This large-scale energy player – EQT has a market cap value of $32 billion – is covered by 5-star analyst Devin McDermott. In his note for Morgan Stanley, McDermott points out EQT’s ability to expand production and generate cash.
“We expect shares to continue to re-rate as management executes on further deleveraging, delivery of ‘upside’ synergies (which are advancing ahead of plan), and strategic growth (including execution on recently announced midstream & power opportunities). We believe EQT’s leading cost structure ($2.00 breakeven, falling to $1.80-$1.90 over time) and vertical integration are key differentiators vs. peers, supporting resilience in downcycles and outsized FCF generation during high price periods. These characteristics underpin an attractive risk-reward to play tightening and more volatile gas markets over the coming years… [We] reiterate EQT as our Top Pick within US E&P,” McDermott noted.
These comments support the analyst’s Overweight (i.e., Buy) rating, while his $69 price target suggests an upside of 34% in the next 12 months. (To watch McDermott’s track record, click here)
The 19 recent analyst reviews here include 13 Buys and 6 Holds, for a Moderate Buy consensus rating. EQT shares are priced at $51.60 with an average target price of $63.89 to indicate a 24% one-year upside potential. (See EQT stock forecast)
Nu Holdings(NU)
Last up is Nu Holdings, a fintech that operates in the Brazilian banking sector. The company’s customer face is Nubank, a São Paulo-based online bank that offers customers in Brazil, Mexico, and Colombia a wide range of financial services, including digital bank accounts, access to personal loans, credit cards, and even cashback rewards. In addition, the bank’s customers can make use of a crypto investment platform that can support as many as 20 crypto coins.
Those are valuable services, made more so by the convenience of digital access, and in the 12 years since its founding, Nubank has leveraged that convenience to attract more than 122 million customers. The company’s presence is especially strong in Brazil, where some 60% of adults are Nubank customers, and where the company steered over 20 million Brazilians to their first credit card – in just five years.
All of this makes Nubank one of the world’s largest online banking platforms. This success is reflected in the company’s recent share gains – the stock has outperformed this year and gained 42% year-to-date – and in its market cap of $71 billion. More importantly, the company’s success can be seen in its last set of quarterly results, for 2Q25.
In that quarter, Nu Holdings showed a quarterly top line of $3.67 billion – a company record – and reported that its net income, at $637 million, had grown by a factor of three over the past two years. The company’s customer base expanded by 4.1 million in the quarter, for a 17% year-over-year gain.
This relatively new online bank has caught the attention of Morgan Stanley analyst Jorge Kuri, who notes Nubank’s successes: its high-end tech, its fast-growing customer base, and its attractive services and pricing, to support his upbeat outlook.
“We believe Nubank is uniquely positioned to build one of the largest and most valuable banking franchises in Latin America, supported by world-class technology, exceptional customer satisfaction, market-leading pricing, and strong unit economics. We think the market continues to significantly underestimate Nubank’s ability to scale profitably – especially through deeper cross-sell in Brazil. Our granular, bottom-up model – built by product and by country using detailed unit economics and TAM assumptions – suggests Nubank could reach a US$100 billion valuation by 2026… Nubank is our Latam financials Top Pick,” Kuri stated.
Based on this stance, Kuri gives NU shares an Overweight (i.e., Buy) rating, with an $18 price target that implies a potential one-year gain of 22%. (To watch Kuri’s track record, click here)
The Street is similarly bullish here. This stock’s 14 recent analyst reviews split 11 to 3 in favor of Buy over Hold, for a Strong Buy consensus rating. The average price target, at $17.24, and current trading price, at $14.74, together suggest a 17% upside for the year ahead. (See NU stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Spurs lost 22 of their 38 league matches last season, accumulating only 38 points as they finished 17th – their worst finish in the Premier League.
They conceded 65 goals, with only Wolves and the relegated trio of Leicester, Ipswich and Southampton shipping more.
But Postecoglou led the club to a first major trophy in 17 years with a 1-0 win over Manchester United in the Europa League final.
The victory secured Champions League football, but it was not enough to keep Postecoglou in a job and he was sacked by the club 16 days later.
Spurs, who appointed Thomas Frank as his successor, said Postecoglou would be remembered for delivering “one of the club’s greatest moments” in becoming only the third manager to win them a European trophy.
Tottenham finished fifth in his first season in charge before he kept his promise to provide silverware in his second year.
Postecoglou was initially praised for the attacking style he implemented, but he was forced to defend himself from criticism for sticking to his principles and had to contend with a catalogue of injuries to key players.
