Headwinds

• A federal judge has issued a temporary block on Colorado's first-in-the-nation prescription drug payment cap. • The ruling provides an early legal victory for the pharmaceutical company Amgen, which challenged the policy. • This decision represents a significant policy headwind for hospitals and state regulators attempting to control drug costs.

• SoFi Technologies (NASDAQ:SOFI), a digital financial platform founded in 2011, has been identified as a "buy" stock priced between $10 and $50. • The company has demonstrated strong financial momentum, reporting an annual revenue growth of 33.4% and an annual earnings per share growth of 396% over the last two years. • These metrics indicate that SoFi is successfully gaining market share and converting incremental sales into high profitability.

• A survey of chief economists reveals that nearly 90% expect global economic growth to weaken over the next year, though only 13% anticipate a full-scale global recession. • An overwhelming 94% of respondents predict rising global inflation, primarily driven by the potential closure of the Strait of Hormuz. • This geopolitical instability is expected to spike energy and food costs while causing significant disruptions to international supply chains.

• Grab's Q1 2026 earnings surged 466.7% to US$136 million from US$24 million in Q1 2025, reinforcing analyst confidence in the ride-hailing and delivery platform. • Analysts view Grab as the clear regional leader in Southeast Asia despite facing ongoing regulatory challenges across multiple markets. • The company's strong profit growth demonstrates the sustainability of its business model even amid tightening regulatory scrutiny in the region.