shift

Innventure projects $100M annual revenue run rate for Accelsius by year-end 2026, signals shift to self-funded growth (NASDAQ:INV)

Earnings Call Insights: Innventure, Inc. (INV) Q4 2025

Management View

  • Roland Austrup, Chief Growth Officer, stated, “This is the earnings call we have been building toward…for the first time in Innventure’s history, every part of this platform is firing at the same time, and the

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Trump’s approval ratings just hit a new low. A Latino voter shift could reshape the midterms

With the Iran war in its fifth week, support for President Trump is at its lowest point ever, with a growing body of recent polling showing him losing ground with key voting blocs that helped power his 2024 victory.

While public dissatisfaction is evident among many groups surveyed, the decline in support for the president has been most pronounced among Latino voters.

A Reuters/Ipsos poll released March 24 found 36% of voters approve of the president’s job performance, the lowest it has been during his second term. The poll found 62% disapproved.

Other polls, such as the AP-NORC poll, placed the figure at 38%.

In all, the president is underwater on almost every single public policy issue. With the exception of crime, which sits around 47% approval, he has recorded no gains in any polled category, according to experts.

On immigration, the president’s marquee issue, approval fell from roughly 45% in late 2025 to 39% in February, according to Reuters.

About 1 in 4 respondents approved of Trump’s handling of the economy, Reuters found, as domestic gas prices surged by more than $1 per gallon after fighting commenced last month. The share of Republicans who disapprove of his handling of cost-of-living issues rose 7 points in one week to 34%.

The shift comes amid growing economic unease and amplified backlash over the war in Iran. About 1 in 3 Americans approve of the military operation, according to a Reuters survey.

And a growing divide among prominent conservatives has emerged over the U.S. involvement in the Middle East.

The clashes have played out in public and are exposing tensions within the Republican Party, with conservative commentators such as Megyn Kelly openly questioning whether the war is in America’s best interest.

“This is not a foreign policy that makes sense and it is not what Trump ran on. It is, in many ways, a betrayal of his campaign promises, what he sold himself as and of his MAGA base,” Kelly said earlier this month.

Other conservative pundits, including Candace Owens, Tucker Carlson and Nick Fuentes, are also opposed.

But the real damage is showing up in the one place Trump can’t afford to lose: his base.

Trump entered his second term buoyed by historic gains with Latino voters. Exit polls indicated he improved his standing with them by more than 20 percentage points in 2024 compared with his 2016 victory, fueling widespread narratives that the demographic was undergoing a durable shift toward Republicans. In all, 48% of Latinos gave him their support in the last election.

Since then, his approval among Latino voters has plummeted to 22%, according to a March 2026 analysis by the Economist.

In a bipartisan poll by UnidosUS released in November, 14% of Latino voters said their lives were better after Trump took office, while 39% said they had gotten worse.

The president’s rapport with Latinos reflects a deep dissatisfaction with economic conditions, according to Mike Madrid, a veteran California Republican political consultant and expert on Latino voting trends.

“Overwhelmingly, this is a function of the economy and affordability,” he said. “Latino voters moved away from Biden-Harris for the exact same reasons that they’re moving away from Donald Trump right now.”

Research and polling suggests Latino voters prioritize cost-of-living issues — such as housing, wages and inflation — over immigration, a topic often emphasized in national messaging.

“It’s not even close,” Madrid said. “Immigration is not even a top 5 issue for Latino voters.”

Madrid suggested the demographic rallying is less a “reversion” and more a reflection of a rapidly changing electorate.

“Latinos have emerged as the only true swing vote in America,” he said. “And they’re rejecting whichever party is in power.”

These volatile, double-digit voting shifts directly contrast more stable voting patterns among other major demographic groups, including the Black and white electorates, where shifts from cycle to cycle tend to be just a few points.

The reason: dramatic turnout fluctuations. Who decides to show out or stay home on election day tends to change by the year. It’s compounded by the fact that there are far more first-time Latino voters than in any other category.

Polling this month suggests Trump is also losing ground among young voters, another group that contributed to his 2024 gains.

More than half of men under the age of 30 supported Trump in that election, helping him turn several swing states.

In just a year, that demographic has cratered by 20 points.

“Trump won in 2024 because of men. They are abandoning him right now,” CNN senior data analyst Harry Enten said Tuesday.

The reversals could have massive implications for the November midterm elections, particularly in competitive congressional districts where small swings could determine control of the House.

Republicans have warned that if they lose hold of their narrow congressional majority, Trump is likely to face a third impeachment.

UCLA political scientist Matt Barreto said movement away from Republicans is already visible in real-world election outcomes, not just polling.

“We’ve already seen in the Virginia and New Jersey legislative and gubernatorial elections really large shifts in the Latino vote, 25 points back to the Democratic Party,” Barreto said. He added that similar patterns have emerged in places such as Miami and Texas, where Democratic candidates have outperformed expectations with strong Latino support.

Latino Democrats who sat out the 2024 election are returning to the electorate, while some Latino Republicans are disengaging, he said.

That dynamic could prove decisive in November. There are more than 40 congressional districts where the number of registered Latino voters exceeds the margin of victory in 2024, Barreto said. Many of them are closely divided between the parties.

“At the district level, the Latino vote is going to make a huge impact,” he said.

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Simultaneous megaproject filings signal Chile mining shift

Analysts say these investments in planned Chilean copper mines respond to sustained growth in global demand, driven by electrification, power grids and the energy transition File Phot by Pedro Tapia/EPA

SANTIAGO, Chile, March 20 (UPI) — Mining companies BHP and U.S.-based Freeport-McMoRan submitted two copper projects worth more than $12.5 billion combined to Chile’s Environmental Impact Assessment System, marking one of the clearest signs of a revival in mining investment in the country.

BHP, through Minera Escondida, the world’s largest copper producer, submitted the “Nueva Concentradora Escondida” project valued at $5 billion, which would allow it to continue operations by replacing the Los Colorados plant. That plant is at the end of its useful life.

The project includes an ore processing capacity of 460 thousands of tons per day in the Antofagasta region. If approved, it would begin operations between 2031 and 2032.

Minera El Abra, the Chilean subsidiary of Freeport-McMoRan, is seeking to invest $7.5 billion to extend its operations by 40 years and increase its production by more than 300,000 metric tons of copper annually starting in 2033, once it becomes operational.

The initiative includes the construction of a concentrator plant, a desalination facility, among other projects.

Analysts say these investments respond to sustained growth in global copper demand, driven by electrification, power grids and the energy transition, although they also note that they are being accelerated by a shift in the local political environment after the arrival of a government led by José Antonio Kast.

As one of its first measures, the administration introduced the National Reconstruction Bill, which includes initiatives to reduce bureaucracy and streamline permitting.

The proposal includes lowering the corporate tax rate from to 23% from 27% to align it with countries in the Organization for Economic Cooperation and Development.

Finance Minister Jorge Quiroz told local media this week that the government aims to offer clear rules, legal certainty and an agile, non-discriminatory process that respects the environment.

“This investment will move forward smoothly,” he said, referring to the Escondida project.

The president of the Chilean Mining Chamber, Manuel Viera, said about $18 billion in projects are stalled due to bureaucratic hurdles in the permitting process.

“And in just one week, the president of the republic has indicated that they should be unlocked. That is a sign that signal has been well received by investors, and we expect news like those of Escondida and El Abra to continue in the coming months because Chile also needs more and better mining,” he said.

Cristian Cifuentes, senior leader of studies and content at the Center for Copper and Mining Studies, or Cesco, told UPI that the announcements represent a clear indication of a revival in mining investment, although the trend already had been emerging without such concrete evidence.

“It is a validation of Chile as a competitive jurisdiction in a highly capital-intensive global context,” he said.

He added that while investment decisions respond to global copper demand, their execution depends “critically on local conditions: permitting, institutional stability and political signals.”

“Any improvement in regulatory certainty or pro-investment narrative accelerates decisions that, in many cases, were already in the pipeline. At the same time, these filings show that, despite recent regulatory tensions, the country maintains baseline conditions that allow investment decisions to move forward,” he said.

Víctor Frangi, managing director of Delivery & Transformation at KPMG Chile, said the country is creating more favorable conditions to activate projects, in an environment in which copper demand is projected to increase by about 40% by 2040.

“Chile approved the Framework Law on Sectoral Authorizations, which seeks to reduce permitting times by between 30% and 70%, along with the modernization of the Environmental Impact Assessment System regulations to focus evaluations on projects with significant impact,” he said.

Frangi said that Chile now offers greater business certainty and a more limited level of risk, which facilitates large-scale investment decisions.

Analysts warn, though that growing regional competition to attract mining investment exists.

“Countries such as Argentina have improved their macroeconomic environment and promoted initiatives such as the Incentive Regime for Large Investments, positioning themselves to attract large-scale projects, such as Vicuña, a joint venture between Lundin Mining and BHP, with an estimated investment of $18 billion,” Frangi said.

He added that Peru and even the Democratic Republic of Congo also show dynamism.

“Chile faces the challenge of remaining competitive against other destinations that are also capturing investment. There are replacement and efficiency projects, such as the new Escondida concentrator, and changes in the operating model, such as the advance of desalination as a standard in water use,” Frangi said.

Viera said mining companies are seeking more copper deposits amid growing global demand.

He added that armed conflicts between the United States and Iran, as well as between Russia and Ukraine, have disrupted the balance between supply and demand.

“They have broken the balance of supply and demand. As armed conflicts increase, demand rises for critical minerals used in weapons manufacturing. These are factors driving the search for copper, iron and other minerals, in addition to demand linked to the development of technologies associated with climate change,” he said.

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Coupang interim CEO joins overnight to dawn delivery shift

Coupang interim CEO Harold Rogers takes part in an overnight to dawn delivery shift in Seongnam, South Korea. Courtesy of Coupang

March 20 (Asia Today) — Coupang interim CEO Harold Rogers joined an overnight to dawn delivery shift in Seongnam, south of Seoul, after accepting a lawmaker’s request at a National Assembly hearing to experience the job firsthand. Rogers worked from 8:30 p.m. Wednesday to 6:30 a.m. Thursday, taking part in the full process from loading to delivery, according to Coupang and local media reports.

The overnight shift followed a proposal made by Democratic Party lawmaker Yeom Tae-young during a parliamentary hearing in December, which Rogers agreed to at the time. Coupang said the experience was intended to deepen management’s understanding of field operations and strengthen trust by following through on that commitment.

Rogers and Yeom began at Coupang Logistics’ delivery camp in Yatap, where they completed safety training and helped load packages. They then rode with a directly employed Coupang delivery driver, known as a “Coupang Friend,” and delivered orders to apartments, villas and detached homes across Jungwon-gu.

Coupang said it would use the experience to accelerate workplace improvements and strengthen safety management by reflecting feedback from the field. Rogers said he was proud of all Coupang workers, including delivery staff, and pledged to continue building what he described as safe and advanced working conditions.

Separately, Coupang Fulfillment Services said it will begin holding job fairs Monday in Suwon, Daegu and other locations to recruit logistics workers as Rocket Fresh expands. The company said the events will use a one-stop hiring format covering consultation through interviews.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260320010006133

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Deterrence posture against N. Korea won’t be hindered regardless of potential shift of USFK’s assets

South Korea’s defense posture against North Korea will not be hindered by the shift of U.S. military assets to the Middle East, a senior presidential official said Wednesday. In this photo, taken Tuesday, air defense launchers are seen being dismantled at a U.S. THAAD base in Seongju. Photo by Yonhap

The deterrence posture against North Korea will not be hindered regardless of a potential shift of military assets owned by the U.S. military stationed in South Korea, a senior official at Cheong Wa Dae said Wednesday, amid media reports that the U.S. Forces Korea (USFK) has shipped out some of its air defense assets from the Korean Peninsula.

“Given our level of military capability, defense spending, defense industry capacity and the high morale of our troops, there is no problem with deterrence against North Korea regardless of whether some USFK assets are relocated overseas,” the official said.

The official, however, declined to comment on media reports that parts of a Terminal High Altitude Area Defense (THAAD) system and other air defense units owned by the USFK were moved from South Korea amid a raging war in the Middle East.

“It is not appropriate for our government to comment on military operations between Korea and the U.S.,” the official said.

The official said South Korea and the U.S. have remained in close coordination to maintain a robust combined defense posture.

“Korea and the U.S. will maintain a robust combined defense posture to contribute to peace and stability on the Korean Peninsula and in the region,” the official said. “To that end, the two countries will continue close communication and coordination.”

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

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