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Marsh & McLennan Companies

Profit margins among publicly traded companies in China are at their lowest levels since 2009, according to a FactSet index of 5,000 mainland-domiciled firms. Rising pet ownership in China has sparked a rush of companies into making items such as dog food, leashes and toys. Wolf Street: Dividends for growth companies should never start paying a dividend. Companies may assess a huge risk that “emergency” tariffs may disappear at the dictate of the executive as quickly as they appeared. It will be a revenue model for 5 companies. Peter Bergen says trade barriers can sometimes reappropriate “rents” to your own country, by allowing your companies to gain scale. Bergen: Tariffs on Chinese value added would force Chinese companies to move factories abroad. Japanese companies will fill 37.6% of job openings with midcareer hires this fiscal year, a Nikkei study shows. This is the largest-ever shift away from Japanans traditional lifetime employment model. Japan is trying to build its own foundry business, in the form of Rapidus, a joint venture between a bunch of Japanese companies and IBM. Other companies design the chips, and other companies create the machine tools that make the chips. Foreign ownership may play a role in risk-taking choices of companies – such as exporting and innovating – for various reasons. It can provide companies with more information about the outside market, especially in the context of small and medium enterprises. Instead of coming into Japan to compete with local companies in the Japanese market, foreign companies are helping. A study by the National Foundation for American Policy found that among the top companies, the dominance of immigrant founders was even greater. Steve Jobs of Apple was the child of a Syrian immigrant, Sergey Brin of Google came from the old Soviet Union. Sales of internal combustion cars peaked almost a decade ago and have been declining ever since. Sales of electric cars have only grown as Europe subsidizes EVs at the urging of climate activists. U.S. Marshals Service confirms it is investigating claims that $40 million in confiscated digital assets were siphoned from government-linked wallets. The allegations center on Command Services & Support (CMDSS), a Virginia-based technology firm contracted by the USMS. The company joins a long line of crypto firms seeking to cash in on the Treasury Departments new, far more permissive approach to bank charter applications from crypto companies.

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