The administration of United States President Donald Trump is supposedly planning to send billions of dollars in bailout payments for farmers in the next couple of weeks, using assets from the US Department of Agriculture (USDA), Politico reported on Thursday.
The news platform cited sources familiar with the matter, saying that officials from the administration and the US Treasury Department are currently assessing how to use tariff funding or other assets to compensate for the USDA's Commodity Credit Corporation fund. Politico also shared that Trump's officials are considering the exact amount for the first rollout of payments. Meanwhile, the Wall Street Journal reported that the president and his team are considering funding of $10 billion to $14 billion.
Furthermore, Trump stated yesterday that his administration will use the direct income from tariffs in order to fund bailouts, which would need prior approval from Congress.
Alnylam Pharmaceuticals Inc. has stopped airing a television commercial for its heart medicine Amvuttra following regulatory scrutiny, after it received a warning letter from the U.S. Food and Drug Administration.
The letter, sent September 9th, claimed the company’s commercial was misleading because it showed patients engaging in activities like whale-watching and cheering enthusiastically at football games.
George Tidmarsh, head of the FDA’s Center for Drug Evaluation and Research, wrote that the ad incorrectly suggested patients "can be carefree" about their heart condition and "misleadingly suggests that treatment with Amvuttra will broadly improve a patient’s overall quality of life when this has not been demonstrated."
Alnylam maintains that its promotional materials are "truthful, non-misleading, and comply with applicable FDA requirements" but has discontinued the television ad while reviewing the agency’s comments.
The nonprofit Consumers’ Research urged the Department of Justice and the Federal Trade Commission to conduct tougher enforcement efforts on investment firms like BlackRock in a letter sent on Friday.
The letter, which was exclusively shared with The Center Square, alleges large asset managers like BlackRock “routinely” invested in companies while using its ownership to push certain political and social ideologies.
The Hart-Scott-Rodino Antitrust Improvements Act of 1976, codified in the Clayton Act, requires companies to notify the DOJ and FTC before making certain large transactions in order to avoid potentially anticompetitive effects.
The letter said asset managers pushed ideologies by justifying the purchase of company shares under the HSR as “solely for the purpose of investment,” which is an exemption that allows a company to bypass a notice requirement and waiting period.
“Large asset managers are not above the law, and they must either comply with HSR or conduct themselves such that they fall within an exemption,” the letter reads.
The exemption comes under scrutiny when an investor “decides to participate in the management of an issuer,” according to the letter.
The letter cited evidence that investment firms use their ownership to advocate for political and social ideologies like net zero carbon emissions by 2050. The letter cited evidence such as a U.S. House of Representatives Judiciary Committee investigation, membership in climate groups, votes on shareholder proposals, and court cases confirming evidence of political motivations.
“BlackRock, State Street, and other large asset managers adopted a mixed motive to use their proxy voting power and their shareholder engagements for the mixed motive of achieving the environmental goals of activist asset owners, rather than focusing solely on financial returns,” the letter reads.
Consumers' Research demanded the DOJ and FTC to investigate whether investment firms like BlackRock broke the rules.
“BlackRock CEO Larry Fink has repeatedly acted as activist investor, leveraging the savings of millions of Americans to pursue woke agendas that have nothing to do with fiduciary duty or maximizing returns,” Will Hind, executive director of Consumers’ Research, said in an emailed statement to The Center Square. “The federal courts have made it clear that firms like BlackRock cannot hide behind their 'solely for investment' defense while wielding their shareholder power to control or influence fundamental business decisions.”
The letter asserts that BlackRock had influence over companies like Exxon, Berkshire Hathaway Energy, Chevron Corporation, Jack in the Box and Wingstop to set goals for reducing carbon emissions or reporting on greenhouse gas emissions.
In 2021, BlackRock and State Street led votes to install directors chosen by “climate activists” onto Exxon’s board, according to the letter.
“Large asset managers similarly used the power of engagements to pursue non-financial objectives,” the letter reads.
The letter also cites a court ruling in Spence v. American Airlines, where BlackRock was found to engage in practices to influence and align with net zero emissions, although it was not apparent how those practices benefitted American Airlines financially.
“BlackRock couched its [environmental, social and governance] investing in language that superficially pledged allegiance to an economic interest[,] BlackRock never gave more than lip service to show how its actions were actually economically advantageous to its clients,” the court ruling read.
The Center Square contacted BlackRock and State Street for comment but did not immediately hear back.
The Food and Drug Administration has approved lurbinectedin, or Zepzelca, from Jazz Pharmaceuticals (JAZZ) in combination with atezolizumab, or Tecentriq, from Roche’s (RHHBY) Genentech, or atezolizumab and hyaluronidase-tqjs, or Tecentriq Hybreza, for the maintenance treatment of adult patients with extensive-stage small cell lung cancer, or ES-SCLC, whose disease has not progressed after first-line induction therapy with atezolizumab or atezolizumab and hyaluronidase-tqjs, carboplatin, and etoposide.
Alphabet's Google and Comcast-owned NBCUniversal said they had reached a long-term agreement to retain availability of NBC shows, including "Sunday Night Football" and "America's Got Talent", onYouTube TV.
The deal includes a multi-year commitment for carriage of NBCUniversal's full portfolio of networks such as NBC and CNBC on YouTube TV, according to a statement from the companies on Thursday.
YouTube now accounts for the largest share of TV viewing in the U.S., ahead of streaming rival Netflix and traditional media companies such as Disney, according to analytics firm Nielsen.
NBCUniversal's Peacock streaming service will also be available in the coming months as a subscription through YouTube Primetime Channels.
The two companies agreed to a short-term contract extension on October 1, averting a blackout and ensuring YouTube TV subscribers retained access to NBCUniversal programming while negotiations continued.
Finding a truly original idea for AI stocks today has become an extreme sport. The stories are similar, as are the promises. And for those who want to look beyond the beaten track and the Mag10 club (Nvidia, Broadcom, Amazon, Microsoft, Meta Platforms, Alphabet), this American midcap company might appeal to you. What if the differentiating factor was not the algorithm, but the architect of the ecosystem? This is precisely what TD Synnex offers: a global distributor/aggregator that orchestrates the practical deployment of AI, cloud, and infrastructure, where value and cash flow are created for thousands of resellers, publishers, and businesses of all sizes.
The business model is twofold and deeply complementary
On the one hand, Endpoint Solutions brings together terminals, PCs, printers, peripherals, and mobility: everything that puts computing power in the hands of the user. On the other, Advanced Solutions assembles the backbone of the modern data center: hybrid cloud, security, storage, networking, servers, converged and hyperscale infrastructure. The latter includes Hyve, the integration business designed for hyperscalers, capable of delivering complete computing and networking racks at the pace of AI investments. Around these two pillars, TD Synnex has built a ring of services (integration, logistics, repair, customer success, cloud, financing, marketing) that streamlines technology adoption and builds ecosystem loyalty. The company operates throughout the Americas, Europe, and Asia-Pacific/Japan: a global footprint that diversifies cycles and cushions shocks.
Its model is running fast and well
In Q3 2025, the company reported record gross billings of $22.7bn, up 12% (10% in constant currency), for revenue of approximately $15.65bn. Adjusted EPS was $3.58, up 25% and above expectations. The drivers are clear: +26% in software (cybersecurity and infrastructure software), robust PC demand (Windows 11, rise of AI PCs), and strong traction from Advanced Solutions, where Hyve grew by over 30%, thanks to AI infrastructure deployments at hyperscalers. The momentum is global: Latin America and APJ are posting double-digit growth, SMEs/MSPs are outperforming, and the company has seen Hyve's margins return to historic levels, proving that scale does not come at the expense of profitability.
Above all, this performance is part of a coherent digital strategy
The new Partner First portal unifies commerce, renewals, services, training, and community in a single digital experience, powered by AI for recommendation and decision support. This platformization is not cosmetic: it reduces friction in the purchasing process, speeds up operations, and ultimately increases conversion rates and partner retention. It meets the expectations expressed by the network: sector expertise, consulting, specialized services (AI, analytics, vertical solutions). In other words, TD Synnex doesn't just ship boxes; it industrializes the distribution of solutions and the upskilling of the channel, which widens the competitive gap.
In AI, the company does more than just marketing
The Destination AI initiative and the AI Pioneers program (co-designed with NVIDIA) aim to bridge the talent gap and transform use cases into blueprints that can be reused by partners. The expanded strategic collaboration agreement with AWS in North America, Latin America, and the Caribbean reinforces this activation capability: accelerated cloud migration and modernization, easier access to AWS AI services, and faster monetization via AWS Marketplace. Downstream, alliances such as Newforma/Datech demonstrate the depth of the vertical software offering (in this case, AECO) that the company can scale. Finally, the acquisition of shares in Gateway Computer in Japan illustrates the desire to establish a local presence in key markets.
Visibility improving in terms of trajectory
For Q4 2025, management is targeting billings of $23bn-$24bn (mid-point +11%), $16.5bn-$17.3bn in revenue, and $3.45-3.95 in adjusted EPS. Free cash flow (FCF) for 2025 has been recalibrated to $800m-$850m (vs. $1.1bn previously), not due to operational weakness (Q3 generated $214m), but rather due to working capital requirements to support stronger growth, particularly at Hyve. The company maintains its ambition of a net income: FCF conversion of around 95% in the medium term and maintains a quarterly dividend of $0.44 per share.
Valuation remains reasonable given this profile
In 2025, the stock is trading at around 16.9x expected earnings, falling to 15.1x in 2026, with a modest EV/revenue multiple of 0.26x (0.24x in 2026) and an EV/EBITDA multiple of around 8.5x (7.9x in 2026). The FCF yield is estimated at 5.3% in 2025 and 7.2% in 2026, while the PEG is around 0.7x in 2025, an attractive level for a disciplined growth stock. Market capitalization is around $13.4bn for an enterprise value of $16.1bn. The modest dividend yield (1.1%) reflects a balanced allocation policy between buybacks, dividends, and investments in Hyve capacity and digital platforms. The PBR will hover around 1.6x in 2025, a sign of tangible value creation without excessive speculation.
Why does this AI infrastructure deserve a premium?
Because the investment cycle of hyperscalers spans several years, because the renewal of workstations (Windows 11, AI PCs) is a real driver of demand, and because monetization occurs both at the margin (increasing software/cyber mix) and in volume (Hyve, cloud, servers, network). Above all, the network advantage is difficult to replicate: TD Synnex connects thousands of partners, aggregates the offerings of multiple OEMs/ISVs/clouds, and defuses complexity with high value-added services. It is a logistics and commercial platform model whose barrier to entry is not a patent, but scale, processes, data, and channel trust.
Risks exist: the intrinsic volatility of Hyve programs, the gradual standardization of the PC cycle, supply chain uncertainties, and currency effects. Management does not minimize these risks, but it offers three countermeasures: diversification of Hyve's customer mix (beyond the first account), the Partner First platform that stabilizes the channel's recurring business, and anchoring in structuring partnerships (AWS, NVIDIA) that support demand for AI and cloud solutions over the long term.
In a market where multiples often soar on the back of promises, the stock offers a still reasonable entry point given the outlook (2026 P/E ratio of 15x, FCF yield> 7%). For investors with a multi-year horizon, this is less an AI story than an AI infrastructure purchase: an asset offering execution, network, and cash flow. It is an original idea precisely because it does not seek to be original: it simply delivers.
