Daily ideas

Hays cut permanent placement volumes 14% as average fees rose 2%; SelectQuote ties over $30m of annual savings to AI and keeps licensed agents on the call.

SCHMID's order intake hit EUR 52.3m in eight weeks while Canatu's reactor waits two years for acceptance: fully loaded fabs defer change and buy new plants.

PRC authorities denied the 5% mainland-Hong Kong treaty withholding rate to intermediate holdcos; Vipshop's non-GAAP net margin fell to 1.6% from 8.0%.

Gorilla and QumulusAI say rented AI compute prices are rising; recent Blackwell contracts run $18-20 million per megawatt versus $16 million blended.

HNI says its merged Steelcase dealer network began cross-selling on its own, yet every disclosed synergy dollar is a cost dollar and the 2027 EPS bridge assumes minimal volume.

Mauritania and Senegal have contracted GTA gas for two power plants, giving Kosmos Energy a buyer for FPSO throughput it says needs no new capital.

Pilgrim's Pride says China cleared 17 U.S. states from its avian influenza ban in Q2 2026, the first opening in three years; its own exports held flat.

First Watch retired its low-double-digit unit growth target for a flat 50 company-owned openings from 2027 after capex outran operating cash flow.

Demant reported the global hearing aid market grew 4% in value on 3% in units in H1 2026, about a point of ASP, and priced its new flagship above the last one.

PGG Wrightson says New Zealand wool prices hit a decades high and nearly doubled in FY2026, with export volumes up and agency operating EBITDA 23% higher.

About 60% of Kornit's Q2 and first-half 2026 system sales went to traditional screen printers as retailers held inventory down high-single to low-double digits.

Data I/O (DAIO) and SEALSQ (LAES) say the EU Cyber Resilience Act's 11 September 2026 and 11 December 2027 deadlines turn per-device key injection into a condition of selling into the EU.

Japan's conditional approval pathway set a ¥53.2 million reimbursed price for ReHeart, making MHLW the first regulator to price cardiac cell therapy.

Kura and Syndax each report about 40% of menin inhibitor use in physician-led combinations, moving the revenue variable to treatment duration rather than the label.

The draft KDIGO acute kidney injury guideline raises regional citrate to 1B and names nafamostat as a fallback, a protocol most US ICUs do not run today.

SPMC's FY2027 Q1 net investment income stayed below its common distributions partly because it raised model loss reserves on AI-affected software loans.

Denmark exempted the 0-30% LTV band from its 7% CRE systemic risk buffer, cutting sector buffer capital from DKK 11.6bn to about DKK 9bn in Q2 2026.

After UBS completed its Credit Suisse client migration, BCV's mortgage book grew just 2% in H1 2026 against a 4% target while pension cash moved in.

Erdene and Largo say buyers are approaching molybdenum and tungsten assets with no current study - one pre-PEA, one idle since 2012 - after China tightened export licensing.