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<keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword>'s <keyword id="19938893" type="General" weightage="20" keywordseo="defence-exports" source="keywords">defence exports</keyword> have surged from Rs 15 billion in 2017 to Rs 210 billion in 2024, registering a CAGR of 46 per cent, highlighted a report on 'Defence Conference 3.0' by Antique Stock Broking. The report stated that the <keyword id="20861069" type="General" weightage="20" keywordseo="global-shift" source="keywords">global shift</keyword> towards a China+1 strategy and the impact of the <keyword id="20016971" type="General" weightage="20" keywordseo="Russia-Ukraine-war" source="keywords">Russia-Ukraine war</keyword> offer India additional opportunities to fill supply chain gaps, potentially boosting its share in the <keyword id="23046732" type="General" weightage="20" keywordseo="global-defence-industry" source="keywords">global defence industry</keyword>. The report noted that the country's long-term goal is to become a global defence manufacturing hub is driven by Defence Public Sector Undertakings (DPSUs), private enterprises, start-ups, and MSMEs. "Indian defence exports have grown multi-fold from INR 15 bn in 2017 to INR 210 bn in 2024 at a CAGR of 46%. The China + 1 strategy and the Russia-Ukraine war provides an additional opportunity for India to fill the gap created in the supply chain and hence increase its contribution to the global defence industry," the report read. The report added that to achieve this target a well-developed domestic ecosystem is crucial as lower import content in products accelerates approvals by reducing international conflicts. The report added that the Ministry of Defence has taken key initiatives to attract Indian private players and global Original Equipment Manufacturers (OEMs) include establishing aerospace parks and defence corridors, fast-tracking project approvals, and enhancing development and testing facilities. Highlighting the potential in India's Maintenance, Repair, and Overhaul (MRO) segment the report explained that it holds a significant potential for global aerospace companies due to its technical expertise and cost-competitive solutions. "India provides a huge opportunity in the <keyword id="23046733" type="General" weightage="20" keywordseo="MRO-segment" source="keywords">MRO segment</keyword> for global aerospace leaders given the expertise the country provides as well as the cost efficiency solutions compared to its global competitors" the report added. India aims to increase domestic defence turnover to Rs 3 lac crore by 2029, Rs 500 billion targeted for exports. This growth will help reduce the Government of India's import bill as India remains the world's largest importer of defence equipment. Under the Atmanirbhar Bharat initiative of the government, 75 per cent of the defence capital outlay is now reserved for domestic players, up from 49 per cent in FY21. Given the geopolitical challenges and modernisation needs of its Armed Forces, the report added that India plans to invest Rs 8.3 lac crore in domestic procurement, offering substantial business opportunities for local companies. "India intends to place orders worth INR 8.3 trn through domestic procurement and thus it presents a massive business opportunity for local players" it added. As per the Ministry of Defence, India's defence manufacturing sector has witnessed an increase of 16.8 per cent in the fiscal year 2023-24. This significant increase marks the highest-ever growth in the country's defence production value. The total value of defence production reached Rs 1,26,887 crore this year, up from the previous year's figures.

India's defence exports surge to Rs 210 billion after global shift towards China+1, Russia-Ukraine war: Report

The <keyword id="21233022" type="General" weightage="20" keywordseo="Indian-textile-industry" source="keywords">Indian textile industry</keyword> is set to experience developments in 2024, driven by improving demand in <keyword id="21017131" type="General" weightage="20" keywordseo="export-markets" source="keywords">export markets</keyword>, resilient consumer spending in key sectors, and favourable geopolitical conditions, according to the B&amp;K Securities report. In the ready-made garments (RMG) sector, the demand offtake in export markets is anticipated to show substantial improvement in 2024. While domestic demand is expected to remain moderate due to lower discretionary spending and overstocking from the previous fiscal year, the recovery in export demand is promising. The domestic market could see a boost in the second half of FY25, supported by an increase in wedding days and festive season, although the rise in realisations is likely to be marginal. The export growth in RMG is expected to be driven by a combination of factors including restocking by Western retailers, increased demand for spring-summer collections, and a general uptick in retail sales. The anticipated interest rate cuts in the US will further stimulate demand. India's RMG exports will also benefit from stable cotton prices and uninterrupted supply, enhancing cost competitiveness on the global stage. The ongoing crisis in Bangladesh, a major player in the global RMG market, presents a temporary tailwind for Indian exporters. However, the benefits for India are expected to be short-lived due to differences in product portfolios and Bangladesh's trade agreements with the European Union. Over the medium to long term, India could see more substantial gains as global buyers continue to diversify their <keyword id="19959553" type="General" weightage="20" keywordseo="supply-chains" source="keywords">supply chains</keyword> away from China and Bangladesh, particularly as Bangladesh faces challenges such as rising wages and the loss of its Least Developed Country (LDC) status by 2029. The <keyword id="21356289" type="General" weightage="20" keywordseo="home-textiles" source="keywords">home textiles</keyword> segment is poised to continue its growth trajectory, primarily driven by robust consumer spending in the United States, which accounts for approximately 60 per cent of India's home <keyword id="21353395" type="General" weightage="100" keywordseo="textile-exports" source="keywords">textile exports</keyword>. The market share of Indian players in the US has been steadily increasing, supported by the China+1 strategy adopted by big box retailers to diversify their supply chains. India's competitive advantage in raw material costs and increased domestic capacity will likely sustain its dominance in the US home textiles market. The Free Trade Agreement (FTA) negotiations with the UK and the European Union offer additional opportunities for growth, potentially leading to higher margins and increased market share for Indian players. While the industry is on a positive trajectory, it faces near-term challenges such as logistical disruptions due to the Red Sea crisis and uncompetitive domestic cotton prices. Moreover, as sustainability becomes a major theme in <keyword id="21977676" type="General" weightage="20" keywordseo="western-markets" source="keywords">Western markets</keyword>, <keyword id="804823" type="General" weightage="20" keywordseo="Indian-textile" source="Orion">Indian textile</keyword> companies will need to invest in compliance with these evolving norms to remain competitive. (ANI)

Indian textile exports to remain strong amid global shifts; FTA negotiations with EU to offer growth opportunities

New Delhi: Steel companies in the country are likely to face margin pressure in the third quarter of FY25 as muted steel prices compress spreads, according to a report by Axis Securities. The report stated that the weak demand in China and higher exports from the country have been identified as key factors behind the decline in steel prices. The report highlighted that <keyword id="24048830" type="General" weightage="20" keywordseo="Chinese-steel-exports" source="keywords">Chinese steel exports</keyword> reached 92 million tonnes per annum (MTPA) between January and October 2024, marking a 22 per cent year-on-year increase. This has led to an oversupply in the global market, weighing down prices domestically. It said "Weak Chinese domestic demand along with higher Chinese exports has led to a decline in steel prices in India. Chinese steel exports from Jan'24 to Oct'24 stood at 92 MTPA, up 22 per cent YoY" In India, the average price of hot-rolled coil (HRC) steel in the trader's market in Mumbai fell by 8 per cent year-on-year and 6 per cent quarter-on-quarter to Rs 51,802 per tonne in the second quarter of FY25. Spot prices have further declined to Rs 49,000 per tonne, 5 per cent lower than the Q2FY25 average. The report also noted some signs of recovery in China's residential property sector, with increased transactions in major cities following policy measures aimed at boosting demand. However, challenges remain, as the three-month moving average of year-to-date floor space declined by 19 per cent year-on-year in September 2024, remaining in negative territory. It said "China's residential property sector is showing some signs of improvement with the transactions in major cities rising after recent policy measures introduced to boost demand". On the global front, the report noted that the probability of a 25-basis point rate cut by the US Federal Reserve in its December 2024 meeting has fallen to 58.9 per cent, down from 76.8 per cent in October 2024, owing to strong economic data from the US. Additionally, China has removed a 13 per cent export rebate on aluminum and copper, effective December 1, 2024, in response to anticipated tariff measures by the new US administration. These developments highlight the ongoing challenges and potential shifts in the global and domestic steel and metals markets.

Falling steel prices amid Chinese export surge, to reduce profits of companies in Q3 FY25: Report

New Delhi: India is set to enter a transformative "smartphone era" for cars in 2025, with the introduction of vehicles featuring 5G M2M connectivity and advanced AI technologies, according to the latest findings from Techarc's India Connected Consumer Report 2025. The report said the automotive sector will skip 4G and will enable connectivity using the latest 5G cellular technology. It observed that consumers are interested in spending money on improving the value proposition in terms of features, quality and experience rather than exploring too many smart devices. "22 per cent of the respondents shared about considering optimising their smart devices portfolio. Among the new set of categories, smart/connected cars is generating high interest among consumers. 55 per cent of the respondents said that they have come across news or information about smart/connected cars in recent times," it said. Starting in 2025, passenger cars in India will be equipped with 5G M2M connectivity, on-device GenAI, and cloud connectivity, making advanced technologies accessible across various price segments, it added. In-vehicle computing and artificial intelligence (GenAI), along with cloud applications, will become essential components of cars, enabling real-time data processing to support drivers effectively. Most cars priced at Rs 20 lakh and above will feature these technologies as standard. The cumulative revenues from automotive chipset companies have already surpassed USD 1.5 billion, with companies like Qualcomm and MediaTek leading the market. Some of the familiar applications that consumers will be able to use while driving include communication apps for audio/video conferencing, OTT entertainment apps, music streaming, podcasts, online shopping, vehicle maintenance, and servicing. "With connectivity and the technologies it brings to the cars, the future of the automobile sector will be fundamentally determined by the auto-technologies that will influence the overall experience, performance, comfort, safety and entertainment available to the drivers as well as the passengers. "So far, such features were seen as luxury or high-end experiences. But starting 2025, many of these will become mainstream for cars in India," Techarc AutoTech Analyst Sadat Ahanger said. With 22 automobile manufacturers producing nearly 5 million passenger vehicles annually in India, the country is poised to become a leader in the global 5G M2M market within the next few years, the report said. About 21 per cent of respondents said MG Motors is the leader in providing <keyword id="24016739" type="General" weightage="20" keywordseo="connected-cars-in-India" source="keywords">connected cars in India</keyword>, followed closely by Kia Motors at 18 per cent and Tata Motors at 15 per cent, it added. Hyundai and Maruti Suzuki also ranked among the top-five brands in this category. The report draws insights from a survey of 4,500 "connected consumers" across metro and non-metro cities. The report defined a connected consumer as one owning at least 3 smart devices in addition to a smartphone.

India to shift to 'smartphone era' for cars embracing 5G, advanced AI in 2025: Report

<keyword id="19991358" type="General" weightage="100" keywordseo="Indian-markets" source="keywords">Indian markets</keyword> are navigating choppy waters as global economic shifts, from rate cuts to evolving political climates, create new pressure points across the financial landscape, according to a recent report by ANI attributed originally to the Union Bank of India. The domestic stock and bond markets showed signs of strain, with <keyword id="19910363" type="General" weightage="20" keywordseo="bond-yields" source="keywords">bond yields</keyword> witnessing slight adjustments. India’s 10-year government bond yield dipped to 6.82%, a decrease from the previous session, reflecting cautious investor sentiment as the markets react to shifting global indicators. Meanwhile, the 5-year bond yield remained steady at 6.76%, a signal of lingering hesitation amid economic unpredictability. In the currency market, the rupee faced a notable decline, ending the day at ₹84.3725 against the US dollar, slipping from its prior close of ₹84.2800. Market analysts point to significant capital outflows as a key factor, with investors moving funds to perceived safer assets overseas. This migration has weighed heavily on the rupee, underlining the currency’s vulnerability in an environment of global economic flux. India’s stock market bore the brunt of this volatility, with key indices falling over 1%, effectively erasing the gains of a previous rally. This abrupt drop reportedly reflects renewed investor anxiety, largely triggered by the recent <keyword id="20189882" type="General" weightage="20" keywordseo="US-presidential-election" source="keywords">US presidential election</keyword> results. Experts suggest that the election has introduced a fresh layer of uncertainty, not only for the US economy but for global markets, impacting everything from policy decisions to investor sentiment. Analysts are also keeping a close eye on upcoming decisions by central banks, which will likely shape the path forward for the Indian equities market. Commodities showed contrasting trends, with Brent crude prices falling on lower demand expectations, as economic indicators point toward cautious spending globally. Gold, on the other hand, experienced a modest rise as investors sought refuge in safe-haven assets, highlighting a shift towards risk aversion among market participants. Globally, major central banks made coordinated efforts to sustain economic growth, with the Bank of England (BoE) announcing a 25 basis-point cut, lowering its benchmark rate to 4.75%. The BoE’s Monetary Policy Committee (MPC) largely backed this move to counter inflation, which has been declining, albeit gradually. Across the Atlantic, the US Federal Reserve mirrored this action with its own 25 basis-point cut, a sign of confidence in the ongoing economic recovery. Both rate cuts, though modest, signal a global trend towards caution as economies work to balance growth with stability. In Asia, the People’s Bank of China (PBoC) maintained its supportive stance. Governor Pan Gongsheng sought to reassure foreign investors by reaffirming the PBoC’s commitment to growth-oriented policies. Pan emphasized enhanced communication and pledged to open China’s financial services sector further, aiming to attract more international participants. Europe, meanwhile, faced mixed economic signals. Germany reported a steep 2.5% drop in industrial production in September, signalling a slowdown in manufacturing, while the Eurozone saw a mild 0.5% rise in retail sales, reflecting cautious consumer optimism in the region. Adding another layer to the global economic landscape, the European Union’s Climate Change Service warned that 2024 could be the hottest year on record, underscoring urgent climate challenges just as the UN COP29 climate summit approaches. The summit, set to take place in Azerbaijan, aims to rally increased funding for climate action, though tempered expectations linger in light of recent US political shifts. On the domestic front, Niti Aayog CEO BVR Subrahmanyam spoke about India’s potential role in pivotal global trade agreements, specifically the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). These partnerships, Subrahmanyam suggested, could bolster India’s Micro, Small, and Medium Enterprises (MSME) sector, which currently accounts for 40% of India’s exports, offering a strategic advantage for Indian trade in an interconnected world. As the Indian markets digest these developments, experts believe continued volatility could be the theme for the coming months. (with ANI inputs)

Indian markets under pressure as global rate cuts stir uncertainty, new report says

<ul class="summary-list"><li>After playing to the coasts, Hollywood is leaning toward faith and family-based shows and films.</li><li>Amazon and Netflix recently announced deals for faith-based content.</li></ul>This holiday season, <a target="_blank" href="https://www.businessinsider.com/amazon-studios-expansion-challenges-jennifer-salke-citadel-lord-rings-2023-2">Amazon MGM Studios</a> is set to release "House of David," a series with an epic production and global aspirations to match the breadth of its biblical source material. The Prime Video series will be the first to come out of <a target="_blank" class="" href="https://www.businessinsider.com/amazon">Amazon's</a> deal with The Wonder Project, a Christian-focused production company, for faith-based films and TV shows."We are very excited about the scope, scale and storytelling involved with 'House of David' and look forward to sharing this epic and many others with our global Prime Video customers," Vernon Sanders, head of television for Amazon MGM Studios, <a target="_blank" href="https://variety.com/2024/tv/news/amazon-wonder-project-faith-based-films-shows-house-of-david-1235875596/">said</a> in announcing the deal.After playing to the coasts with shows that embraced progressive themes, Hollywood is <a target="_blank" href="https://www.businessinsider.com/hollywood-risk-averse-new-shows-tv-big-stars-snubbed-2024-9">leaning into broadly appealing fare</a>. That shift has included a combination of undeniably faith-based, conservative-themed, and family-aimed entertainment, agents, producers, and industry experts say.It's a long way from Amazon's early days in creating original entertainment that put it on the map, like "Transparent," which came out in 2013 as gender issues were on the political agenda. Studios head <a target="_blank" href="https://www.businessinsider.com/amazon-studios-expansion-challenges-jennifer-salke-citadel-lord-rings-2023-2">Jennifer Salke, who came on board in 2018, said she was looking for</a> "curated" overbroad shows and pledged to seek out projects with diverse talent.<div type="image" title="yellowstone" height="1368" width="2132" msid="115016601" hostid="261" sizebytes="40586"></div>"They're heartland-curious," Nick Barnes, UTA's Nashville-based head of its Heartland division, said of the streamers. "It's, 'What's our Yellowstone?' I see cowboy boots every time I go to Los Angeles now." The Kevin Costner-starring Western and soapy family drama has become one of TV's most popular scripted shows.Disney CEO Bob Iger <a target="_blank" href="https://www.businessinsider.com/bob-iger-woke-disney-is-over-not-silence-his-critics-2024-4">reversed</a> the company's proud embrace of diverse themes after getting hammered by critics on the right, trading movies like "Zootopia," which dealt with prejudice, for this year's "Deadpool &amp; Wolverine."Netflix, off the success of "Virgin River," a small-town romance that was just renewed for a seventh season, recently announced a deal with Tyler Perry and DeVon Franklin to make faith-based films starting with "R&amp;B," a take on the biblical love story of Ruth and Boaz set in the modern-day American South. It also just acquired "Mary," a biblical epic starring Anthony Hopkins.Netflix has also been taking a page from the "Yellowstone" playbook with an upcoming bull-rider series called "Ragdoll," starring country superstar (and "Yellowstone" actor) Tim McGraw. Also on tap is "American Primeval," a miniseries it <a target="_blank" class="" href="https://www.netflix.com/tudum/articles/american-primeval-cast-taylor-kitsch">describes</a> as a "raw, adventurous exploration of the birth of the American West."<h2 id="0f8424da-4da9-47f8-9d19-696de395a53e">Economics fuel a cultural shift</h2>The rightward tilt has a lot to do with fear and economics.Facing big financial pressure, studios and streamers are looking to make entertainment for the most subscribers at the lowest cost possible as the <a target="_blank" class="" href="https://www.businessinsider.com/comcast-split-cable-tv-cnbc-bravo-nbc-peacock-2024-10">cable business wanes</a> and <a target="_blank" class="" href="https://www.businessinsider.com/streaming-strategy-spend-billions-wrong-netflix-disney-paramount-warner-bros-2023-2">streaming profits have been rare</a>. In this newly conservative greenlighting era, buyers are looking around for sure things and pockets of audiences where there's opportunity.Faith-based and family-oriented shows can be made relatively cheaply, without big-name stars, and have the potential to travel globally. Streamers are all in the <a target="_blank" class="" href="https://www.businessinsider.com/amazon-prime-video-preview-shake-up-tv-ad-marketplace-2024-1">ads business now</a>, and advertisers like entertaining, non-polarizing content geared toward everyone in the household.<div type="image" title="Jim Caviezel in a brown shirt" height="675" width="1200" msid="115016606" hostid="261" sizebytes="45878"></div>The studios and streamers have also seen breakout successes of Christian-themed titles. Angel Studios-distributed "The Chosen," a 2017 TV drama about Jesus and his apostles from filmmaker Dallas Jenkins, is considered one of the most successful crowdfunded entertainment projects, <a target="_blank" href="https://www.bbc.com/culture/article/20240124-the-chosen-the-christian-funded-hit-about-jesus-taking-the-us-by-storm">raising nearly $100 million</a>.Angel Studios followed it up with "Sound of Freedom," a 2023 thriller about child trafficking that wasn't about religion per se but was championed by conservatives and churchgoers to become one of the most successful indie films with a $180 million domestic box office. "Jesus Revolution," a 2023 movie by Wonder Project founder Jon Erwin about hippie Christians in California, grossed about $54 million on a $15 million budget.UTA's Barnes said that successes like these have encouraged top Christian filmmakers, who so far have largely operated outside the major studio system, to start talking about making TV series for distribution by major streamers, where the real eyeballs are.Hollywood's shift doesn't surprise historians. For much of TV history, programming was a mass-audience proposition, family-oriented and conservative. Networks, guided by their standards divisions, programmed to reach as many people as possible and avoid turning off advertisers. TV couples slept in separate beds and faith was a big genre (1977's "Jesus of Nazareth" and "Touched by an Angel," which ran from 1994 to 2003, for example).Cable and streaming gradually split those audiences into niches. Now streamers are back to serving everyone in the scramble to survive.Take Netflix. Its growth <a target="_blank" href="https://www.businessinsider.com/netflix-questions-from-wall-street-growth-ads-future-earnings-2024-10">has slowed</a>, which is forcing it to seek out new audiences at home and abroad while selling ads and cracking down on password sharing, said Robert Thompson, a professor at Syracuse University's Newhouse School of Public Communications and director of its Bleier Center for Television and Popular Culture."Conservative, faith-based, family, is not a bad place to look," Thompson said. "There's a big audience that likes faith-based and family programming — it's affirmative and not critical in lots of ways." Not to mention the Bible offers a rich mine of storytelling. "It's a rip-roaring set of good stories — Exodus is one of the most rollicking stories out there."<div type="image" title="Hilary Swank at the Lionsgate's &quot;Ordinary Angels&quot; New York Premiere" height="683" width="1024" msid="115016609" hostid="261" sizebytes="47284"></div>Faith-based can mean overtly Christian, but today's suppliers are also finding a market for premium storytelling that people in Hollywood call faith-adjacent. That's helped them to attract mainstream backing and stars like Hilary Swank, who features in "Ordinary Angels," a 2024 inspirational drama from Kingdom Story Co., a production company specializing in Christian films. The Wonder Project raised $75 million from backers, including Lionsgate, UTA, and horror producer Jason Blum for its faith-centric ambitions. Lionsgate has long had a filmmaking deal with Kingdom Story Co.Still, for all the interest in serving the flyover states, proponents say change has been slow.Studios and streamers want to serve rural America but are reluctant to touch something they consider too religious or conservative. The decision-makers are still largely bicoastal and don't really know the audience or agree on what a "heartland" or a "family" show is. ("Modern Family" may be, but is gothy "Wednesday?")To those in this world, heartland means shows about universal values, neighbors helping neighbors, and offering hope. For others, it may connote far-right conservatism, an association many in Hollywood shun (<a target="_blank" href="https://www.theatlantic.com/magazine/archive/2022/12/yellowstone-tv-series-taylor-sheridan/671897/">See: Taylor Sheridan</a>). "The far right has hijacked Christianity, so what constitutes family-based programming would mean very different things, depending on who you talk to," Thompson said."They know faith and family and 'Yellowstone' is important, But the mandates come and go without a lot of acquisitions," Barnes said of entertainment buyers. "While they understand they need this audience, they don't understand them."Faced with uncertainty, it's easier and safer for studios and streamers to fall back on familiar franchises. "They would much rather make 'Transformers 7' than 'The Blind Side,'" quipped a Hollywood agent who spoke on condition of anonymity to protect relationships with the studios and networks.According to research firm Ampere Analysis, the number of "faith and spirituality" content hours on the major US streamers roughly doubled over the past year, to about 500, but is still under 1% of their total catalog hours.That could change as <a target="_blank" href="https://www.businessinsider.com/hollywood-losing-dominance-tv-movies-employment-chart-2024-10">more people leave Los Angeles</a> for states like Georgia, Texas, and Tennessee, which have growing film and TV production hubs."The more people come and see that the big, bad scary heartland and the South are not what they think it is, the friendlier they are to tell the story of these places," Barnes said.

Hollywood goes conservative as an economic shift fuels a turn toward faith and family-based shows

<ul class="summary-list"><li>Prince William said 2024 was the "hardest" year due to family health issues.</li><li>William's openness marks a shift from the royal family's traditional PR approach.</li></ul>Prince William this week opened up about his "brutal" year amid <a target="_blank" class="" href="https://www.businessinsider.com/king-charles-kate-middleton-cancer-announcements-2024-3">King Charles and Kate Middleton</a>'s respective cancer diagnoses.Speaking to <a target="_blank" class="" href="https://www.bbc.co.uk/news/articles/cdxy0y7kv0do">reporters</a> in Cape Town, William said it's been "dreadful" and "the hardest year in my life."His comments are a significant shift from the royal family's <a target="_blank" href="https://www.businessinsider.com/kate-middleton-never-complain-never-explain-outdated-strategy-2024-3">motto</a>, "never complain, never explain," which was a hallmark of <a target="_blank" href="https://www.businessinsider.com/queen-elizabeth-ii-death-obituary-2022-9?r=US&amp;IR=T">Queen Elizabeth II's reign</a>.King Charles' biographer <a target="_blank" class="" href="https://www.businessinsider.com/man-shadowed-king-charles-life-royal-robert-hardman-bbc-documentary-2024-1">Robert Hardman</a> told the BBC's "Today" show that the prince's candid admission reflected how the royal family is "resetting the dial" on their public image.<h2 id="1ce940dd-4657-486f-89d9-c8fad71c1041">'Another annus horribilis'</h2><a target="_blank" class="" href="https://www.businessinsider.com/prince-andrew-royal-life-experts-newsnight-very-royal-scandal-2024-9">Richard Fitzwilliams</a>, a royal commentator and public relations consultant, told Business Insider that William's comments were a "seismic change" and a positive move away from the late Queen's PR approach."It's been another 'annus horribilis' but for totally different reasons," Fitzwilliams said, referencing a Latin phrase that translates to "horrible year."<div type="image" title="Queen Elizabeth in April 2022." height="2667" width="4000" msid="115092040" hostid="261" sizebytes="874282"></div>Queen Elizabeth II popularized the phrase in 1992 after Charles, Prince Andrew, and Princess Anne all ended their respective marriages. In the same year, a fire destroyed parts of Windsor Castle, causing more than <a target="_blank" class="" href="https://www.businessinsider.com/the-crown-season-5-episode-4-annus-horribilis-speech-explained-2022-11">$47.2 million worth of damage</a>.By all accounts, it has been another difficult year for the Royal Family. Buckingham Palace confirmed in February that <a target="_blank" class="" href="https://www.businessinsider.com/king-charles-diagnosed-with-cancer-buckingham-palace-confirms-2024-2">Charles had been diagnosed with cancer</a> following a prostate procedure.The King was relatively open about his experience. For example, during a meeting with then-British Prime Minister Rishi Sunak on February 21, Charles said the support he'd received had "<a target="_blank" rel=" nofollow" href="https://www.bbc.co.uk/news/uk-68363202">reduced me to tears</a>."The royal family wasn't initially as forthcoming about the Princess of Wales' cancer diagnosis.<div type="image" title="Kate Middleton and Prince William wave from a balcony during King Charles' coronation in May 2023." height="1444" width="2000" msid="115092044" hostid="261" sizebytes="204744"></div>Kate <a target="_blank" class="" href="https://www.businessinsider.com/kate-middleton-diagnosed-with-cancer-undergoing-chemotherapy-2024-3">announced</a> in March that she was undergoing chemotherapy treatment following weeks of online speculation and conspiracy theories about her absence from public duties.In September, Kate released a <a target="_blank" class="" href="https://www.instagram.com/p/C_s6SukNNne/?hl=en">video on Instagram</a> where she said she had completed the treatment but added that her path to healing would be "long."In comparison, Queen Elizabeth II was extremely private about her health. In the biography, "Elizabeth: An Intimate Portrait," Gyles Brandreth wrote about a <a target="_blank" class="" href="https://www.businessinsider.com/uk-queen-elizabeth-ii-had-cancer-before-she-died-new-book-claims-2022-11">rumor</a> that the Queen was suffering from bone marrow cancer before she died. (This was never confirmed by the palace.)<h2 id="49fadc03-5347-4c4f-a4cd-6e013c52600b">The battle for relatability</h2>Experts say William's recent interview could be part of a wider strategy to promote the royals as a relatable family.It follows a controversial investigation over royal finances.The joint investigation by Channel 4's Dispatches and <a target="_blank" class="ssrcss-f6h2dj-InlineLink e1kn3p7n0" href="https://www.thetimes.com/uk/royal-family/article/how-royals-make-millions-king-charles-prince-william-27lkftd2n">The Sunday Times </a>reported that William and Charles' private Duchy estates are making millions in profit from leasing lands to public bodies in the UK, including Britain's National Health Service, prisons, schools, the army, and the navy.<div type="image" title="King Charles laughs as Prince William pins something to his chest." height="1371" width="2000" msid="115092041" hostid="261" sizebytes="184076"></div>William and Charles are exempt from paying tax on the corporate profit they make from these estates, the investigation said.The report added that in 2023, the king's Duchy of Lancaster estate made £27.4 million, or around $35.4 million, while William's Duchy of Cornwall made £23.6 million, or $30.5 million."With all the recent scrutiny over royal estates, William's candidness could be a move to foster trust and show they're human, just like the rest of us," said Jack Johnson, a creative director at the PR agency One March."William is smart, and he sees that this attitude of being a real person rather than a godlike figure that's untouchable is a much more popular and powerful way to approach the people of his country," said Jane Owen, CEO of the global PR agency of the same name.Russell Myers, a royal editor at ITV, was present during William's interview in Cape Town. Speaking on the British talk show <a target="_blank" class="" href="https://www.youtube.com/watch?v=AkIEvErIoGs">"Lorraine,"</a> Myers said it was significant because it was the first time William spoke openly about the topic."I think that pays tribute to all the other people who go through it with family members," Myers said, adding that people will "resonate" with the prince's words."He will be king one day, and it's important for the future of the monarchy that he's a popular one," Owen said.Buckingham Palace and Kensington Palace did not immediately respond to a request for comment from Business Insider.

Prince William said it's been the 'hardest year' of his life. It marks a shift for the royal family's image.

After a full day of meetings at Julie, a startup that sells a morning-after pill, CEO Amanda E/J Morrison jumped a flight from New York to Boston and headed to a small, private college, where a trivia night awaited her. Dozens of students shuffled into a classroom with plates of chicken tenders, Texas toast, and bright blue boxes of the emergency contraceptive.Morrison had worked with the Planned Parenthood Generation Action club at Suffolk University to sponsor the event, part of Julie's efforts to win a new generation of consumers. However, she had another, more pressing reason for being there. Julie is doing more campus events to clear up some of the confusion about emergency contraception — namely, that it isn't medication abortion.Standing at the head of the classroom, Morrison read off a projector screen, "Emergency contraceptives like Julie are legal in how many states? 25, 48, 50, 37." Students tapped their answers into a quiz app. "It's 37," Lily, a spirited sophomore, whispered to her teammates.In a minute, the correct answer appeared on screen, and the quiet chatter rose to a clamor. Half the teams said 37 states."Fifty states, guys. It's everywhere," Morrison said.When asked why she said 37, Lily said, "Just the way things are going."In states that outlaw abortion, some patients and politicians worry that contraception could be in legal jeopardy, too. There's no federal law preserving access to birth control, rather, a patchwork of state laws and court decisions holding it in place. Another Trump term <a target="_blank" href="https://www.politico.com/news/2024/05/29/trump-birth-control-contraception-00159555">could change that</a>.For Julie, "that's the million dollar question of this election," Morrison said.<div type="image" title="TK" height="2000" width="2667" msid="114460252" hostid="261" sizebytes="193282"></div>"We're not worried about some big ban happening in the first hundred days. But how those decisions trickle down — what is presented in Congress as a bill, how the Supreme Court reacts, what trickles down to the states — becomes a real secondary concern," she said.Founders of women's health startups feel doubly invested in this election, one of the closest presidential races of the century. Half a dozen founders and investors of women's health companies, all women, told Business Insider that if Vice President Kamala Harris wins, it's business as usual. They said another Trump victory creates uncertainty for reproductive health startups, from period trackers to online abortion clinics to embryo banks.<div type="image" title="TK" height="1610" width="2147" msid="114460254" hostid="261" sizebytes="109206"></div>While Harris's presidential campaign has been marked by unrelenting support for reproductive healthcare, including contraception and abortions, Trump's position has been a moving target.The former president suggested <a target="_blank" href="https://www.politico.com/news/2024/05/29/trump-birth-control-contraception-00159555">in May</a> that he was "looking at" restrictions on birth control, then walked that position back in a social media post later that day. During the September presidential debate, he called himself a "leader" on IVF, a move that <a target="_blank" href="https://www.politico.com/news/2024/09/12/trump-ivf-gop-roe-abortion-00178760">angered</a> parts of his base that have sought to restrict fertility treatments. He said <a target="_blank" href="https://www.cbsnews.com/news/donald-trump-says-he-would-veto-federal-abortion-ban/">in October</a> that he'd veto a national abortion ban after deflecting the question for months but would support states ordaining their own abortion bans.Trump's waffling on reproductive rights has put founders of women's health startups on notice. "It is one of the major issues that we're discussing and that our CEOs are focused on — how to continue to provide care to women, especially women of childbearing age," said Trish Costello, founder of Portfolia, an investing platform that pools money from female accredited investors.The day after the presidential debate, Mika Eddy was vibrating with the weight of the election. The race's outcome could drastically change reproductive rights, foreign policy, gun safety, and climate law — all issues close to Eddy, a 35-year-old Californian and mother of two.But Eddy also has skin in the game as the chief executive officer of Malama Health, a startup helping women with gestational diabetes access better care. Its doula network assists patients on Medicaid with applying for benefits such as diabetes-friendly meals and medical transport.Eddy worries that if Trump wins, he would restrict access to the coverage and benefits that her users rely on, weakening one of Malama Health's key services."There is this common misperception that, 'we're in California, we're in a liberal state, and so we're safe.' And I don't think that's the case," Eddy said.For some founders of women's health startups, this election is more than a political contest; it has ramifications for their livelihoods. With so much at stake, they're planning how to handle a scenario where states or courts might impose more limits on reproductive rights.<div type="image" title="US Vice President Kamala Harris taking pictures with some young teen girls." height="3000" width="4000" msid="114460257" hostid="261" sizebytes="755478"></div><a target="_blank" class="" href="https://www.businessinsider.com/abortion-telemedicine-startup-hey-jane-roe-v-wade-2022-10">Hey Jane</a> is a telehealth startup that connects patients to medical providers who offer online appointments and delivers abortion pills to their doorsteps. A year after the Supreme Court overruled Roe v. Wade, ending the constitutional right to abortion, Hey Jane started selling birth control and treatments for urinary tract infections, yeast infections, and herpes, both oral and genital. The new products cushion the business against a "plan E" scenario of a national abortion ban, said Carli Sapir, a Hey Jane investor and founding partner of Amboy Ventures."We're thinking about how to make sure those other verticals are in a good place to continue carrying the company forward," said Sapir.This time last year, one of Hey Jane's rivals, Choix, shut down <a target="_blank" class="" href="https://www.businessinsider.com/vcs-backing-online-abortion-sites-say-its-good-business-2021-9">after three years in service</a>. The company said in a <a target="_blank" class="" href="https://finance.yahoo.com/news/choix-closes-virtual-doors-launches-130300919.html">press release</a> that "the stigma and politics surrounding abortion care posed significant fundraising challenges." It raised a $1 million seed round in 2022.While direct providers of abortion, like Hey Jane, could see major restrictions or shutdowns to their core businesses if Trump returns to the White House, a wider range of companies expect to feel the ripple effects. Startups that seem removed from the front lines, such as those involved with period tracking and fertility treatments, are also preparing for potential challenges.<div type="image" title="Then-President Donald Trump addresses the anti-abortion &quot;March for Life&quot;" height="750" width="1000" msid="114460247" hostid="261" sizebytes="53678"></div>If a national abortion ban were to occur, apps like Flo Health or Clue might face increased scrutiny, according to <a target="_blank" href="https://www.businessinsider.com/why-lux-capital-deena-shakir-wrote-childrens-book-2024-9">Deena Shakir</a>, a general partner at Lux Capital. These apps track when women have their periods and when they miss them. In today's post-Roe America, privacy experts worry that such data could be used to suggest that someone has had or is thinking about having an abortion, potentially putting women at risk of prosecution in certain states.The stakes could be equally high for companies involved with fertility treatments.The demand for services like in vitro fertilization, or IVF, and surrogacy has been climbing for years as people have kids later in life and infertility rates increase. That's birthed a <a target="_blank" href="https://www.businessinsider.com/fertility-startups-booming-despite-market-downturn-2023-6">global fertility market</a> that includes companies that operate clinics to provide services like egg freezing and IVF, companies that run labs and tests, and firms that help people pay for the procedures.However, the industry's future is uncertain following attacks on abortion access. The end of Roe v. Wade opened up the legal terrain for states to interfere with access to other reproductive care, said Lauren Berson Sugarman, founder and chief executive officer of Conceive, a startup that offers personalized fertility guidance, including text support from nurses and peer groups.In Alabama, the state Supreme Court ruled that frozen embryos should be considered children. That put patients and fertility clinics on edge that they could be criminally charged for destroying extra embryos. A handful of Alabama clinics paused IVF treatments while patients throughout the South began moving their embryos to jurisdictions with more stable legal protections."We see a lot of patients come to us and say, should I move my embryos out of a red state? Because what happens if they come after IVF?" said Berson Sugarman.The push for "embryo rights" could have wide-reaching repercussions for startups like Maven Clinic or Carrot Fertility, which offer fertility benefits for employers, and TMRW Life Sciences, a biotech company creating robots for the safe storage of frozen sperm, eggs, and embryos.Moreover, it could influence the type of research that startups conduct and where. Alice Zheng, a principal at women's health investor RH Capital, explains how the shifting legal landscape might affect companies like Vitra Labs. As a biotech startup working on developing eggs from stem cells for IVF, "they're doing really cutting-edge research for fertility, but they need to think very carefully about where they set up shop," Zheng said. "Some of their research might involve certain types of tissue, which is more closely scrutinized in some areas than others."<div type="image" title="TK" height="2000" width="2667" msid="114460250" hostid="261" sizebytes="243576"></div>Two years ago, in the hours after the Supreme Court ended the constitutional right to an abortion, Morrison's phone started ringing and didn't stop. Investors wanted to know if the ruling would kill Julie's launch in Walmart stores that fall. Job candidates wondered if the company would still exist in six months. Morrison's mom called, concerned for her daughter's future."For probably two weeks straight, I was just doing reassurance calls," Morrison said.While emergency contraception is not the abortion bill and is currently legal in all 50 states, it is continuously confused with the abortion pill, which can have damaging consequences. In June, the medical journal JAMA Network Open published a <a target="_blank" href="https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2820370?%20utm_source=For_The_Media">study</a> that found retail pharmacy fills of Plan B, a leading morning-after pill brand, fell by 65% in states with near-total abortion bans the year after the Dobbs decision, partly due to clinic closures and confusion about its legal status.That confusion could threaten Julie's sales, and puts the onus of the company to better educate consumers. It sponsors events like trivia nights and sorority house brunches. It has enlisted TikTok influencers to share videos of their drugstore hauls showing how easy it is to buy Julie. In one video, a young woman going back-to-school shopping walks off with a two-count pack of the emergency contraceptive pill. The caption reads, "double majors, not double strollers."Other startups are urging consumers to fight for reproductive rights at the polls. Eddy's Malama Health has reminders to register to vote in its app and will tell users where their nearest polling station is closer to election day. The company asks for their ZIP codes during onboarding, Eddy explained."When you have a baby, you're like, 'I want to vote, but I don't know where to go,'" Eddy said. She hopes the emails will get more pregnant women and new moms to head to the polls. Eddy added that the emails won't support a candidate and are meant as a "nonpartisan resource."<div type="image" title="TK" height="2000" width="2667" msid="114460255" hostid="261" sizebytes="192114"></div>Julie's content isn't political, either. It's not trying to change any minds about abortion rights. The goal is simply to spread awareness among young adults that emergency contraception helps prevent pregnancy, not end it. This way, Morrison said, a woman who is anti-abortion and has unprotected sex can feel confident taking Julie knowing that she isn't compromising her abortion stance.It was past 9 o'clock on a weekday, and the competition at trivia night was heating up. Students in teams of two or three screamed with delight as they watched their names climb the leaderboard. They competed to win prizes like sex toys and T-shirts with the phrase, "A Better Morning After.""Morning-after pills end pregnancy. True or false," the club president called out.Thirty seconds later, the screen showed that every team had answered correctly.Morrison pumped both fists in the air, beaming her approval.<a target="_blank" rel="" href="https://www.businessinsider.com/author/melia-russell">Melia Russell</a> is a senior correspondent at Insider covering startups and venture capital. She can be reached via the encrypted messaging app Signal at +1 603-913-3085 and email at <a target="_blank" href="mailto:mrussell@businessinsider.com">mrussell@businessinsider.com</a>.<a target="_blank" class="" href="https://www.businessinsider.com/author/rebecca-torrence">Rebecca Torrence</a> is a correspondent at Business Insider writing about healthcare startups and venture capital. Send her an email at <a target="_blank" class="" href="mailto:rtorrence@businessinsider.com">rtorrence@businessinsider.com</a>.

'The million-dollar question of this election': Women's health startups are confronting a shifting legal landscape   

India could see a shift in foreign direct investment (FDI) trends in the second term of Donald Trump (Trump 2.0) as President of the United States, says a research report by the State Bank of India. The report highlighted that under his first term, Trump 1.0, the Trump administration made sweeping regulatory changes aimed at attracting investments back to the U.S., which impacted FDI inflows globally, including India. It added that if similar policies are reintroduced in Trump 2.0 also, it could create challenges for emerging markets like India, which rely on FDI as a significant driver of economic growth. Notably, a recent Kotak report highlighted that a complete Republican control over all arms of the US government would mean increased US earnings via corporate tax cuts, higher tariffs on imports into the US and greater US fiscal deficits. The first two could spell doom for emerging markets like India and China, since foreign investors will make a beeline for investing more money in the US markets, which will come at the cost of intense selloff in emerging markets. However, higher fiscal deficits will eventually lead to the dollar weakening after the initial euphoria dies down. "India may see shifts in foreign direct investments (FDIs) during Trump 2.0. The Trump 1.0 administration saw significant regulatory changes aimed at attracting investments back to the US," the SBI report stated. However, given that India has been gradually diversifying its sources of FDI (foreign direct investments), this trend could serve as a buffer against any potential decline. Moreover, domestic institutional investors have been stepping up big time, maintaining some balance to the massive exodus of FIIs over the past month. So far in November 2024, FIIs have withdrawn Rs 19,849 crores from the cash segment in Indian markets, while DIIs have poured in Rs 14,014.18 crores as of November 10th, 2024. "India is no longer dependent on the traditional sources of FDI inflows... unlike the recent past, FDI is now coming in many new sectors," noted the SBI report. Unlike a decade ago, when most FDI inflows came from a limited number of traditional sectors, India is now attracting investment in a wide array of industries, including renewable energy, sea transport, medical devices, and surgical appliances. Data suggests over the last 24 years, i.e., between April 2000 and June 2024, FDIs have poured in $1,013.4 billion in the Indian economy. Out of this, 67%, i.e., $689.88 billion, has come in just the last 10 years. The report added there are up to 12 emerging sectors showing strong FDI interest, which could help offset any loss of inflows in conventional sectors if there is a shift in global investment patterns under another Trump administration. In the last financial year, the top 5 sectors that have received the highest quantum of FDI inflow include the services sector (finance, banking, insurance, and business) which makes up about 16% of the inflows. This is followed computer software &amp; hardware, which constitute around 15% of total FDI flows. Trading and telecommunications follows with a share of 6% each, and Automobile Industry comes next with a 5% share. In the short term, the potential for increased U.S. tariffs, more restrictive H-1B visa policies, and a stronger dollar could bring some volatility to India's trade and investment landscape. However, in the long term, these challenges might also encourage India to expand its manufacturing capabilities, diversify export markets, and focus on becoming economically more self-reliant. Notably, India has maintained a merchandise trade surplus with the U.S. despite tariffs imposed during Trump's first term. This indicates that Indian exports have remained resilient, and there is potential to strengthen this trade relationship further by capitalizing on emerging sectors and reducing dependency on traditional industries. Suman Chowdhury, Executive Director &amp; Chief Economist, Acuité Ratings &amp; Research Limited cautions that in the medium to long term, the trade relationship with the US may see a structural improvement. "Higher tariff and trade restrictions in the US with China should translate into better opportunities for exports of manufactured goods from India", he adds.

FDIs may shift to US under Trump 2.0 but it is unlikely to severely impact FDIs inflow to India, says SBI Report

With the <keyword id="20613906" type="General" weightage="20" keywordseo="economic-survey" source="keywords">Economic Survey</keyword> flagging a rise in <keyword id="19956983" type="General" weightage="100" keywordseo="mental-health" source="keywords">mental health</keyword> issues among <keyword id="19916609" type="General" weightage="20" keywordseo="Indians" source="keywords">Indians</keyword> calling for a <keyword id="20740266" type="General" weightage="20" keywordseo="paradigm-shift" source="keywords">paradigm shift</keyword> on how to address the problem, experts on Monday said it is an unaddressed health crisis in India. They called for increasing accessibility to mental health resources, raising <keyword id="19927137" type="General" weightage="20" keywordseo="awareness" source="keywords">awareness</keyword>, reducing <keyword id="20448786" type="General" weightage="20" keywordseo="stigma" source="keywords">stigma</keyword> and developing robust support systems to tackle the issue while also highlighting the need to find comprehensive solutions to contributing factors such as work pressure and societal expectations, among others. "Mental health problems are an unaddressed health crisis in India. Nearly 20 per cent of people live with mental health problems in India. Depression and anxiety are common causes of disability. There is a treatment gap of more than 80 per cent," Achal Bhagat, Senior Consultant Psychiatrist and Psychotherapist at Indraprastha Apollo Hospital, Delhi, said. The indirect economic cost of loss of livelihoods due to mental health is significantly high as it is not only for the person living with mental health problems but also due to the loss of livelihoods for the caregivers, he added. Expressing similar views, Shambhavi Jaiman, Consultant Psychiatrist at Fortis Memorial Research Institute, Gurugram, said the impact on productivity is substantial, reflecting the broader implications for societal well-being and economic stability. "The contributing factors - work pressure, societal expectations, financial worries, and insufficient support systems - create a complex web of stressors that require comprehensive solutions," she added. Jaiman said addressing mental health issues involves increasing accessibility to mental health resources, raising awareness, reducing stigma and developing robust support systems. "Creating a supportive environment where mental health is prioritised is essential for fostering a healthier, more productive society," she said. Sameer Malhotra, Senior Director and Head Dept of Mental Health and Behavioural Sciences at Max Super Speciality Hospital, Saket, pointed out that factors such as growing consumerism, excessive competition, shrinking social and family support networks, increased pace of life and growing distress, timeline pressures, lesser time for self and family are driving rise in mental health problems globally. "Disturbed mindset influences concentration, productivity at work and economics as well," he added. The Economic Survey 2023-24 flagged a rise in mental health issues among Indians, calling for a paradigm shift towards a bottom-up, whole-of-community approach to address the problem. Although it noted that India is creating positive momentum in policy development by recognising mental health as a fundamental aspect of overall well-being, the survey said, "While most of the policy design is in place, proper implementation can accelerate the improvement on the ground. That said, there remain certain gaps in the existing programmes which need to be addressed to maximise their effectiveness". The fundamental issue of the lack of awareness about mental health and the stigma surrounding it can render any sincerely crafted programme unfeasible, it added. "Hence, there is a need to bring about a paradigm shift and utilise a bottom-up, whole-of-community approach in addressing the topic of mental health. Breaking the stigma starts with taking cognisance of the natural human tendency to accept physical ailments and seeking treatment for the same while being in denial about mental health issues," the survey said. To an extent, the denial is an outcome of fear about social attitudes and social acceptance after one 'comes out' with mental health issues, it said. "For public health officials, tackling mental health requires acknowledging and addressing this fundamental reluctance. Arguably, mental health issues drag down productivity more widely in the ecosystem than individuals' physical health issues. Hence, paying attention to mental health issues in society is both a health and an economic imperative," the document noted.

Mental health problem an unaddressed health crisis in India: experts after Economic Survey findings

<ul class="summary-list"><li>Tesla investors will be closely watching profit margins when the company reports earnings on Wednesday.</li><li>Tesla stock is down 13% this year compared to the S&amp;P 500's 22% gain.</li></ul><a target="_blank" class="" href="https://markets.businessinsider.com/stocks/TSLA-stock">Tesla</a> will report third-quarter earnings results after the market close on Wednesday, and Wall Street will be hyper-focused on the company's core auto business.That's a shift from <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-tesla-robotaxi-cybercar-analysts-self-driving-fleet-ai-2024-10">the recent hype surrounding Tesla's robotaxi,</a> which is still years away from hitting the market. At the end of the day, Tesla gets the bulk of its revenue and profits from selling cars, and Wall Street wants to see the company return to growth mode in its core auto business.The company is on track to deliver about the same number of cars this year as it did in 2023, and it has seen a steady deterioration in its profit margins due to aggressive price cuts earlier this year.Tesla stock is down 13% year-to-date, compared to a 22% gain for the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> over the same time period.However, some analysts on Wall Street expect the upcoming third-quarter earnings print will be a sign that the worst is behind Tesla.Here's what Wall Street expects from Tesla's upcoming earnings report.<h3 id="c6cb087f-2fb6-4381-a552-4a20fa42e990">Barclays: 'Back to fundamentals'</h3>"With Tesla's Robotaxi Day passed, we believe the focus for Tesla at least for now shifts back to fundamentals," Barclays analyst Dan Levy said in a note last week.Levy expects Tesla to beat earnings estimates, with estimated earnings per share of 68 cents versus consensus of about 60 cents."After a run of sharply negative revisions to earnings estimates, Tesla estimates have largely stabilized. Volumes are expected to be flat y/y, margins have troughed and are set to improve, reg credit revenue can be a solid boost as other OEMs rely on Tesla to achieve compliance, Tesla Energy is generating solid growth, and opex may trend lower for now as Tesla realizes the cost saves of headcount reductions," Levy said.Those points, along with the fact that Tesla stock sold off after its robotaxi event, give Levy confidence that the company's third-quarter earnings will be a positive catalyst for the stock.Aside from Tesla discussing the earnings results and guidance on its conference call, Levy said any commentary about plans for a lower cost vehicle could move the stock."We also wouldn't dismiss the notion that Tesla could forgo a 'Model 2.5,' instead focusing its resources on rolling out the [autonomous vehicle] strategy — such a move would likely be treated quite negatively by the stock," Levy said.Barclays rates Tesla at "Equal Weight" with a $220 price target.<h3 id="55b61526-09a2-4615-8aee-89c3f03d9563">Wells Fargo: 'Volumes now, margin pain later"'</h3>After Tesla reported "disappointing" <a target="_blank" class="" href="https://www.businessinsider.com/tesla-q3-deliveries-sales-stock-price-2024-10">third-quarter deliveries earlier this month</a>, Wells Fargo expects the company to make up for the shortfall in sales by offering "aggressive finance promos globally," analyst Colin Langan said in a note last week."We est. the Q3 promotions are equivalent to ~8% lower effective px cut," Langan said, adding that he expects the company to miss Wall Street's third-quarter earnings estimates.Langan estimates that Tesla's automotive gross margin excluding credits will be 13.6% in the third quarter, down from 14.6% in the previous quarter.Wells Fargo rates Tesla at "Underweight" with a $120 price target.<h3 id="33c229bf-f9ee-44cc-ab57-9c97d0ce38bb">Wedbush: 'Margins will be a key focus'</h3>Wedbush analyst Dan Ives is staying bullish on Tesla stock, arguing that the company should show a return to growth in its third-quarter earnings call and forward guidance."We expect generally in-line 3Q headline numbers with some slight upside likely on the margins front showing a bottoming on this key metric," Ives said in a recent note.Ives said Tesla should be able to deliver 1.8 million vehicles in 2024, and that should rise to more than 2 million vehicles in 2025.But perhaps more important than vehicle deliveries for Wall Street is Tesla's profit margins."Margins will be a key focus on the conference call"," Ives said.He added that investors will want to see this key metric trending in the high teens for the third and fourth quarters and heading toward 20% in 2025. That should soothe fears about further price cuts and convince investors that better days are ahead, Ives said. Wedbush rates Tesla at "Outperform" with a $300 price target.<h3 id="bbd2143e-2db9-4747-b579-3bcc60b4465c">Bloomberg Intelligence: 'More pain to come'</h3>Tesla's aggressive price cuts of 20% over the past year, combined with a plunge in trade-in values for Tesla vehicles, suggests that there's "more pain to come."That's according to Bloomberg Intelligence director of credit Research Joel Levington, who said in a Tuesday note that Tesla's price declines are putting its luxury brand identity at risk.Additionally, Levington said that with Tesla facing more competition, it needs to release a lower-cost vehicle."Tesla is poised to give up share as rivals from Acura to Volvo create a tsunami of new EV products that will flood the markets, making the lower-cost Model 2 and updates of its data product line critical," Levington said.

Wall Street shifts focus back to Tesla's core auto business ahead of earnings as robotaxi hype fades

<ul class="summary-list"><li>Saudi Arabia's wealth fund has pumped billions into global entertainment, sports, and infrastructure.</li><li>Now the Kingdom plans to cut its foreign investment to prioritize domestic spending.</li></ul>Saudi Arabia is pulling back on its <a target="_blank" class="" href="https://www.businessinsider.com/saudi-arabia-public-investment-fund-global-investment-spree-2024-8">global spending spree</a> to focus on domestic investments.Yasir Al Rumayyan, governor of the Public Investment Fund (PIF), said on Tuesday the kingdom planned to reduce the proportion of foreign investments made by the sovereign wealth fund from 30% to about 18% of its portfolio."We're more focused on the domestic economy and we've been achieving and doing so many big things," Al Rumayyan told delegates at the <a target="_blank" class="" href="https://www.businessinsider.com/finance-ceos-supporting-trump-blackstone-steve-schwarzman-citadel-ken-griffin-2024-10">Future Investment Initiative</a> in Riyadh. Saudi Arabia's annual business conference has been dubbed "Davos in the desert" in a nod to the World Economic Forum meeting in Switzerland each January.The absolute dollar amount for overseas deals was still increasing, the PIF chief said.<div type="image" title="Governor of Public Investment Fund of Saudi Arabia Yasir Al-Rumayyan on a panel at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024." height="3822" width="5366" msid="114781319" hostid="261" sizebytes="297336"></div>In recent years, the PIF has pumped billions into high-profile assets, including global sports teams, entertainment, airport infrastructure, and <a target="_blank" class="" href="https://www.businessinsider.com/saudi-arabia-public-investment-fund-global-investment-spree-2024-8">Uber</a>. The fund's assets are worth about $925 billion.The spending is part of Saudi Arabia's <a target="_blank" href="https://www.businessinsider.com/vision-2030-saudi-arabia-plan-future-proof-oil-economy-2023-8">Vision 2030</a> plan to reduce its economy's dependence on oil and transform the country into a significant global economic player.Investors have flocked to the FII conference in previous years to take advantage of the multi-billion dollar deals struck at the event. The total at last year's conference reached almost $18 billion, the Saudi Press Agency reported.The kingdom has already been slowing its cash flows and telling foreign fund managers to invest more in Saudi Arabia if they want to secure deals.The PIF's traded stocks in the US fell from about $35 billion at the end of 2023 to $20.6 billion at June 30, The Financial Times reported.Al Rumayyan said that investors were already changing their approach. "People used to come to us and ask for money. We are now seeing a shift from people wanting to take our money to people wanting to co-invest."The PIF governor also spoke about Saudi Arabia's <a target="_blank" class="" href="https://www.businessinsider.com/saudi-arabia-ai-groq-a16z-vision-2030-mbs-2024-9">ambitions to become a top destination</a> for AI companies and investors, saying that the technology's economic impact made it a driver of national power."We either have discussions or initial discussions to invest in AI and the reason why we are investing in AI is Saudi Arabia is very well positioned to be a global hub, not only a regional hub," Al Rumayyan said.The technology could add nearly $20 trillion to the global economy by 2030, he added.In September, Saudi Arabia held the third Global AI Summit, attracting a host of high-profile leaders and dealmakers. The PIF is also in talks to partner with prestigious venture capital firm Andreessen Horowitz on an AI fund, with a potential value of $40 billion, Bloomberg reported.The new focus on domestic investment comes as Saudi Arabia's spending on <a target="_blank" class="" href="https://www.businessinsider.com/saudi-arabia-vision-2030-projects-trillion-value-neom-2024-9">Neom</a>, its futuristic megacity in the desert, hit $1 trillion.Neom's scope appears to have been scaled back as the financial realities of the ambitious project hit home. Experts say Saudi has struggled to attract the foreign investment needed to fund the project's lofty goals.A <a target="_blank" class="" href="https://www.businessinsider.com/neom-sindalah-saudi-arabia-crown-prince-the-line-beach-party-2024-10">select group of guests</a> were recently invited to visit <a target="_blank" class="" href="https://www.businessinsider.com/saudi-arabia-neom-sindalah-island-dubai-resort-tourism-2024-4">Sindalah</a>, a luxury island resort in the Red Sea that is one of the first parts of Neom to become reality.

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