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At now-President-elect Donald Trump’s 2024 campaign rallies, attendees would hold “Trump Will Fix It” signs. Here’s hoping the antitrust policy that President Joe Biden excessively politicized is one of those “its.” Trump’s running mate, Sen. JD Vance, previously said he believes that Biden’s appointee as chair of the Federal Trade Commission, Lina Khan, has done a good job with antitrust policy. I disagree. For nearly 40 years, most antitrust scholars sensibly agreed that the government should base its treatment of potential corporate monopolization, mergers and related issues on these actions’ effect on “consumer welfare.” This standard ensures that antitrust is used only to prevent businesses from undermining economic competition, preserving a market that drives prices down and product quality up on behalf of us consumers. Antitrust should not protect businesses (SET ITAL) from (END ITAL) competition. Upon taking control of the FTC, Khan discarded this standard and, along with it, decades of bipartisan agreement. Biden’s Department of Justice and FTC quickly morphed antitrust into a tool for helping the White House achieve political aims that have nothing to do with keeping markets competitive. Consider, for example, how the FTC pursued Elon Musk. A newly released report by the House Judiciary Committee delved into how Khan issued a consent decree against X (then Twitter) for no reason other than that Musk — whose existing business interests were in other industries — was the company’s CEO. Khan “called for an immediate vote” just days after reporters announced the sale, which an FTC insider confirmed was what triggered the attention. The Biden FTC also had no problem targeting companies that challenged its corporate donor base. For example, Khan released an interim report against pharmacy benefit managers, companies that health plans hire to ensure they are receiving drugs at competitive costs. The major drug manufacturers have spent significant sums lobbying the government to challenge PBMs, even though the government’s own research shows these companies save patients (and taxpayers) significant sums. With the consumer welfare standard diminished, the facts didn’t stop Khan from protecting drug companies, which have showered her boss with campaign contributions, from market discipline. The shenanigans led Melissa Holyoak, a Republican FTC commissioner, to publicly dissent. She protested that “the Report was plagued by process irregularities and concerns over substance — or lack thereof — of the original order.” So much so that “the politicized nature of the process appears to have led to the departure of at least one senior leader at the Commission.” If that’s a “good job” in Vance’s view, we should be alarmed. The Biden DOJ hasn’t acted any more responsibly. For example, it sued RealPage, an AI-based software company that helps landlords come to terms with market pricing for their units, for facilitating alleged price-gouging even though it had no evidence. The Wall Street Journal editorial board stated that “it doesn’t require a Ph.D. in economics to understand that ballooning rents are caused by demand exceeding supply” and that “what’s really going on (with this suit) is an attempt to distract voters from frustration over the Biden Administration’s inflationary policies.” More recently, Biden’s DOJ targeted Visa’s debit card business over market share concerns despite the clear consumer benefits created by the company. These include secure, accessible services that millions of Americans rely on. Businesses and consumers have plenty of payment choices, but millions choose Visa for this reason. Rather than respecting those choices, Biden’s DOJ is pursuing its anti-corporate agenda with little regard for consumers’ welfare. Related Articles Opinion Columnists | Where do Democrats go from here? Opinion Columnists | California’s political clout will fade as long as population growth remains slow Opinion Columnists | Susan Shelley: Slow counts show election system needs reform Opinion Columnists | Here’s to hoping Trump delivers on some of his Libertarian promises Opinion Columnists | Grand DOGE promises of massive cuts to the federal government are unlikely to materialize The solution to the DOJ and FTC’s descent into political partisanship is straightforward: comprehensive reform. Come January, the Trump administration and Republican-controlled Congress must demand a recommitment to the consumer welfare standard. They must institute checks that prevent the DOJ and FTC from waging ideological warfare. Measures to ensure transparency and inter-commission collaboration, such as requiring the FTC to disclose the rationale and goals of its investigations, could also prove helpful. It’s hard to overstate the importance of appointing a better attorney general and FTC chair this time around. Coupled with new oversight measures, it could go far toward restoring fairness, protecting actual competition, and preventing rogue bureaucrats from imposing their will for personal or ideological gain. Most importantly, it would help restore the country’s trust in its governmental institutions. Whether that will come to pass remains to be seen. American businesses and consumers deserve a government that respects the rule of law. By simply refocusing the FTC and antitrust division of the DOJ on their foundational purposes, we can begin a new era of fair and impartial regulation that serves the public good. That’s something we all should be able to get behind. Veronique de Rugy is the George Gibbs Chair in Political Economy and a senior research fellow at the Mercatus Center at George Mason University.The Left have a new boogeyman to target: Elon Musk. It's fine when guys like George Soros sink millions into DA and AG races in states where he doesn't live, and fine when Soros buys up radio stations and media outlets. That's (D)ifferent, naturally. But now that Elon Musk is doing it -- but in a way that the Left doesn't like -- it's a problem. Musk is 'disseminating disinformation' and allowing 'hate' to foment online. In reality, under Musk's leadership, X now better reflects the political make up of America. That also ticks off the Left, because they don't want Americans to know there's different, non-Leftist viewpoints out there. To that end, the fascists in the U.K. -- where they jail grandmas for Facebook memes -- are going to call Musk to Britain ti 'testify' about misinformation: UK MPs are expected to summon Elon Musk to testify on X's part in disseminating misinformation during an inquiry into the riots and the spread of misleading AI content. This is a trap. They’ll detain him at the border, demand to see the contents of his phone, and charge him... pic.twitter.com/wdHQfySwRJ Yeah, that's a trap. More from The Guardian : Elon Musk has said UK MPs “will be summoned to the United States of America to explain their censorship and threats to American citizens” in a fresh escalation of tensions between the world’s richest man and Labour. Musk, who has been a fixture at the side of Donald Trump since his reelection as US president, was responding to a Guardian report on Wednesday that the Commons’ science and technology select committee would call him to give evidence in the new year in its inquiry into the spread of harmful content on social media after the August riots. The committee’s chair, Chi Onwurah, a Labour MP, said she wanted to see how Musk, who owns the X social media platform, “reconciles his promotion of freedom of expression with his promotion of pure disinformation”. When they say 'disinformation', they mean 'things we don't like. It’s all part of a bloody coverup anyway. They’re seeking to scapegoat X for the riot so they don’t have to answer questions about the Southport stabber or how they knew he was an indoctrinated jihadist for months before it was revealed, and instead chose to imprison thousands of... Yep. Turns out the guy was a jihadist after the press spread actual misinformation that he wasn't. They will be summoned to the United States of America to explain their censorship and threats to American citizens BOOM. I have prepared Elon’s statement: pic.twitter.com/2C4qtd6laJ That's it. I’m pretty sure they gave up the right to summon American citizens when we kicked them out of our country 200+ yrs ago. The summer riots are a direct result of them ruining the lives of their own citizens Yup. We owe them nothing. I’m sure Elon understands this is a trap. It’s mind-boggling how they continue to say X is spreading disinformation. I believe X spreading the MISSING information. Perfectly stated. Elon should not leave U.S. soil until he leaves for Mars. https://t.co/frmyWzuVTI Solid advice. British MP’s can’t ‘summon’ anyone, let alone someone abroad, it’s not in their remit. The wording is cringeworthy, these people are so embarrassing to our country. Hope @elonmusk tells them to go f**k themselves. https://t.co/nKAaJdGeur Oh, he will. They can suck it. America beat the crown once and we'll do it again https://t.co/xDIh2VzOPh We will. People keep saying America should buy Greenland... Hear me out, what if we colonize the UK and give them the gift of the Constitution? https://t.co/o2Rehsf1gq We like this idea. It totally is. But Elon is a pretty smart dude, I don't think he'd fall for this... https://t.co/mYwxHcWTts He won't.
No fewer than 12,000 supporters of Prophetess Naomi Ogunwusi, the estranged wife of the Ooni of Ife, Oba Adeyeye Ogunwusi, have demanded justice for her, describing her arrest, arraignment and remand in a custodial facility as unfair. Naomi was arrested alongside the Chief Executive Officer of Agidigbo FM , Oriyomi Hamzat, after the stampede at a funfair they organised in Ibadan, the Oyo State capital, turned tragic, claiming the lives of 35 children on December 18, 2024. The prophetess, Hamzat, and the Principal of Islamic High School, Ibadan, where the event was held, Fasasi Abdullahi, are currently remanded at the Agodi Custodial Centre by Chief Magistrate Olabisi Ogunkanmi of Magistrate’s Court 1, Iyaganku, Ibadan. The defendants were arraigned on four counts bordering on conspiracy, causing death by negligence, endangering public safety, and failing to provide adequate security and medical facilities at the event. Naomi, Hamzat, and Abdullahi pleaded not guilty to the charges. The ex-queen had planned to host 5,000 children, aged 0-13, across Ibadan for free under the aegis of the Women in Need of Guidance and Support Foundation with the funfair. The programme was scheduled to start at 10 am, while police were expected to be at the venue by 8 am. Reports indicated that the event was initially planned for 5,000 children, but over 7,500 children showed up. Sunday PUNCH gathered that the stampede occurred as children and their parents attempted to break through the main gate and scale the school fence to enter the venue at all costs. Naomi and Hamzat have been in custody since the incident turned disastrous. However, the ex-queen’s supporters continue to call for her release, arguing that she was carrying out a charitable programme to bring smiles to the faces of underprivileged children. Thousands of Naomi’s supporters signed an online petition to demand fairness in the judicial process concerning her matter. The petition, which started on Thursday, had gathered 12,000 signatures as of the time of filing this report on Saturday. The originator of the petition, Yetunde Ola, stated that Naomi’s actions were driven by an earnest intention to alleviate the suffering of hungry children, but she found herself “unfairly entangled in a web of legal accusations that were both disheartening and misplaced.” “We, the supporters of Queen Naomi, are seeking justice. It is paramount that her court cases are addressed with utmost impartiality and integrity. We must hold our judicial systems accountable for their actions and ensure that they remain transparent, fair and unbiased in their proceedings. “Our plea is, thus, simple: Give Queen Silekunola Naomi a fair trial, unaffected by bias and calumny. We present this petition to highlight the necessity for a just legal process that respects the evidence and operates in compliance with the principles of justice. “We reinforce our commitment to stand by Queen Naomi, championing justice, fairness, and truth,” she said. Related News Ibadan funfair stampede: Sympathisers seek Ooni's ex-queen, Oriyomi Hamzat's release VIDEO: Parents who smuggled kids to Ibadan Funfair should be held responsible for stampede - Femi Branch Ibadan stampede: Naomi’s mother laments ex-queen’s detention, appeals to Tinubu This was as her mother, Funmilayo Ogunseyi, called on President Bola Tinubu and well-meaning Nigerians to intervene in her daughter’s legal troubles. In an emotional video that has gone viral, Ogunseyi claimed that her daughter’s predicament was orchestrated by “powerful persons.” “They say her ordeal is an ‘order from above.’ Please, I beg those in power to release her. She is not a killer; she came to help. Naomi is fragile and sick. President Tinubu, I beg you, come to our aid,” she implored. The sentiments shared by Naomi’s supporters and her mother re-echoed insinuations that the ex-queen was being persecuted with her arrest and remand. However, the Oyo State Government stated that there was no reason to persecute the prophetess. Speaking with Sunday PUNCH , the state Commissioner for Information, Dotun Oyelade, said those spreading such insinuations would be unfair if they expected the government to interfere with the judicial process. He also denied that the government knew about the programme. He said, “It is a laughable insinuation. What is the motive for victimising the lady? We barely know her name. The government does not know anything about her apart from the normal stuff on social media. We have no relationship with her in any manner. There is no altar of political conflict or anything that looks like it between the Oyo State Government and the woman. “The government did not officially know anything about her enterprise, what she does, or what she planned to do in Oyo State. We were not formally notified because there is no documentation to show that the government was given notification of what she wanted to do through the normal time-tested processes. So, she remained an unknown quantity and faceless to this administration. “Are they asking us to meddle with the judiciary? A case was taken to court. Even a government official, the principal of a secondary school, was equally arraigned and detained because 35 of our children died. “And there are no draconian issues extraneous to a normal course of justice on the ground. “So, we will advise, therefore, that those who are engaged in such meddlesomeness allow the course of justice to prevail. That is the beauty of democracy. No matter whose ox is gored, for democracy to survive and thrive, justice must take its course.” However, a video of a meeting between the Oyo State Commissioner for Women Affairs, Toyin Balogun, and Naomi has surfaced online. The meeting was held a day before the programme. In the video, Balogun is seen and heard asking the ex-queen about the programme. After Naomi explained, the commissioner promised to attend the event. Balogun said, “It is a fantastic intervention, I must say. It’s laudable to have an aspiration to put smiles on the faces of children, particularly the ones I call the special children. You are probably going to have to do this again next year; you are probably going to have to come back. “On behalf of the Oyo State Government, on behalf of the Ministry of Women Affairs, we will be looking forward to doing something collaborative for both the women and the children in Ibadan, going forward. It is a laudable venture, one we are proud of and happy to be part of.”CNEY Receives NASDAQ Minimum Bid Price Requirement Extension
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Wales slumped to a 12th successive Test match defeat and head coach Warren Gatland saw the pressure ramped up on him as world champions South Africa won 45-12 at the Principality Stadium. For the first time since 1937, Wales went a whole calendar year without winning a Test, and many will feel that Gatland’s job is now hanging by a thread. Advertisement South Africa were not at their best, but the sad truth for Wales is that they did not have to be. SGÔR TERFYNOL | FULL TIME 🏴 12 - 45 🇿🇦 #AutumnNationsSeries pic.twitter.com/jk9nbnA5m0 — Welsh Rugby Union 🏴 (@WelshRugbyUnion) November 23, 2024 Advertisement The Springboks ran in seven tries – Franco Mostert, Eben Etzebeth, Kurt-Lee Arendse, Aphelele Fassi, Elrigh Louw, Jordan Hendrikse and Gerhard Steenekamp touched down – while Hendrikse kicked five conversions. Wales claimed consolation scores from wing Rio Dyer and flanker James Botham, with Ben Thomas adding one conversion, but the game was done inside the opening quarter after South Africa posted three tries. Advertisement Whether Gatland, who has now lost 18 of 24 Tests since returning for a second stint as head coach, remains in charge for a daunting Six Nations opener against France in Paris on January 31 must be a subject of huge debate. Whatever happens, though, Wales are at the lowest point in their 143-year international rugby history, and there appears no respite any time soon. Wales showed two late changes, with wing Tom Rogers ruled out by a calf muscle injury and prop Gareth Thomas missing out through illness. Gloucester back Josh Hathaway replaced Rogers, with Nicky Smith taking over from Thomas. It took South Africa just six minutes to open their account after a move forged by skipper Siya Kolisi’s strong run ended with Mostert sprinting over unopposed and Hendrikse converting. Advertisement Jordan Hendrikse scored a try and kicked five conversions for South Africa (David Davies/PA) Mostert’s second-row partner Etzebeth then rounded off fine work by Arendse and Wales were already facing damage-limitation as fly-half Sam Costelow went off for a head injury assessment. Centre Ben Thomas moved to the number 10 role with Scarlets centre Eddie James going on but South Africa added a third try inside the opening quarter after Arendse touched down wide out and Hendrikse converted. Advertisement Costelow rejoined the action and Wales managed to secure some scraps of possession before Etzebeth went off injured 11 minutes before half-time and was replaced by RG Snyman. South Africa twice saw players held up over the Wales line, then Kolisi had a try disallowed following a knock-on in approach play by scrum-half Jaden Hendrikse. But the Springboks did not have long to wait for try number four, with Wales unable to handle their power-runners, and Louw crossed between the posts. Jordan Hendrikse’s conversion made it 26-0, yet Wales managed the final scoring act of a hopelessly one-sided opening half when Dyer finished strongly on his first appearance of the autumn campaign. Rio Dyer, right, provided brief cheer for home supporters (PA) It was his eighth international try, and at least ensured Wales opened their account, albeit against a Springboks side that had rarely moved out of third gear. Costelow did not reappear for the second period – James came back on – and there was also a Test debut off the bench for Gloucester forward Freddie Thomas, who replaced Taine Plumtree and went into the back-row. It took South Africa until 14 minutes into the second period to increase their advantage, and it was Arendse’s jinking running that created space for Fassi, who crossed on the overlap. Replacement prop Steenekamp claimed South Africa’s sixth try, converted by Jordan Hendrikse, and Wales still had 17 minutes left before their misery would be over. Jordan Hendrikse then added a final try that he also converted, and Wales could escape to the sanctuary of their changing room after Botham’s late effort.would lose its majority and nearly 200 of the seats the party won in July if an election was held today, a new poll has shown. The first major seat-by-seat analysis after the general election presents a fresh political blow for Sir Keir Starmer who has overseen a rocky start to his leadership of the country. Labour, which won a landslide victory in the 2024 , would lose 87 seats to the , 67 to , and 26 to the SNP, the MRP polling from think tank More in Common found. The analysis, which used survey data of more than 11,000 people and was carried out for showed a near wipeout for Sir Keir in regions his party saw significant gains, including the West Country where many newly-elected MPs have faced backlash to changes to inheritance tax for farmers. The party has also faced criticism over gifts for the prime minister and senior cabinet ministers. Earlier this month ministers over a decision not to provide compensation to Waspi women. And with many of Labour’s gains reversed, as the third-largest parliamentary party, under the analysis, which comes just weeks after a Techne UK tracker poll found Reform made a . This week, Reform’s claim it now has more members than the Conservatives. The More In Common polling suggested the country was now on track for a hung parliament, with Labour winning just over a third of the seats if an election was held today. In a poll today, the analysis showed that seven cabinet ministers would lose their seats, six of them to Reform, with Wes Streeting, the health secretary, losing Ilford North to an independent candidate. Others losing to Reform include deputy prime minister Angela Rayner, home secretary Yvette Cooper, defence secretary John Healey, energy secretary Ed Miliband, education secretary Bridget Phillipson and business secretary Jonathan Reynolds. The overall seat totals for the parties if an election was held now, according to the poll: Labour: 228 seats - down from 412 Conservatives: 222 seats - up from 121 Reform UK: 72 seats - up from 5 Liberal Democrats: 58 seats - down from 72 Scottish National Party: 37 seats - up from 9 Independent: 8 seats - up from 6 Plaid Cymru: 4 seats - remain from 4 Green Party: 2 seats - down from 4 To hold a majority in the House of Commons, a political party needs at least 326 seats out of the possible 650. Luke Tryl, executive director of More in Common, said: “There is no doubt that many voters have found the start of the Starmer government disappointing and Labour’s estimated vote share would drop significantly were there to be an election tomorrow. “Far from the usual electoral honeymoon, our model estimates that Labour would lose nearly 200 of the seats they won in July’s election. “While the new government is still in its infancy, it is clear that decisions such as means testing the winter fuel allowance and other budget measures have landed badly. “The pressure from the public is now on the government to deliver.” More In Common said its polling also showed that electoral fragmentation has significantly increased since the general election in July. According to the projection, the next general election could mark the end of Britain's two-party system, with 271 seats won with less than a third of the vote.
Amazon invests another $4 bn in AI firm Anthropic
PNC Financial Services Group Inc. lessened its stake in SPDR MSCI ACWI Climate Paris Aligned ETF ( NASDAQ:NZAC – Free Report ) by 0.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 157,319 shares of the company’s stock after selling 401 shares during the quarter. PNC Financial Services Group Inc. owned approximately 4.25% of SPDR MSCI ACWI Climate Paris Aligned ETF worth $5,866,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Aptus Capital Advisors LLC purchased a new stake in SPDR MSCI ACWI Climate Paris Aligned ETF in the 3rd quarter worth $37,000. Concourse Financial Group Securities Inc. bought a new position in SPDR MSCI ACWI Climate Paris Aligned ETF during the third quarter valued at approximately $45,000. Monument Group Wealth Advisors LLC bought a new position in SPDR MSCI ACWI Climate Paris Aligned ETF during the second quarter valued at approximately $201,000. CWC Advisors LLC. purchased a new position in SPDR MSCI ACWI Climate Paris Aligned ETF during the 3rd quarter valued at approximately $387,000. Finally, CWM LLC increased its stake in SPDR MSCI ACWI Climate Paris Aligned ETF by 22.9% in the 2nd quarter. CWM LLC now owns 11,931 shares of the company’s stock worth $411,000 after acquiring an additional 2,220 shares during the last quarter. SPDR MSCI ACWI Climate Paris Aligned ETF Stock Performance NASDAQ NZAC opened at $37.32 on Friday. The stock has a 50 day moving average price of $37.12 and a 200-day moving average price of $35.69. SPDR MSCI ACWI Climate Paris Aligned ETF has a one year low of $29.87 and a one year high of $37.76. The company has a market capitalization of $138.08 million, a P/E ratio of 24.77 and a beta of 0.94. SPDR MSCI ACWI Climate Paris Aligned ETF Company Profile The SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is an exchange-traded fund that is based on the MSCI ACWI Climate Paris Aligned index. The fund tracks a tier-weighted index of large- and mid-cap global stocks selected and weighted based on ESG criteria that are compatible with the Paris Climate Agreement and carbon reduction goals. Featured Stories Receive News & Ratings for SPDR MSCI ACWI Climate Paris Aligned ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR MSCI ACWI Climate Paris Aligned ETF and related companies with MarketBeat.com's FREE daily email newsletter .Mitchell scores 32, Idaho defeats Pacific 95-72
KUWAIT: Indian Prime Minister Narendra Modi arrived on a two-day official visit to Kuwait on Saturday, the first in 43 years by an Indian premier to the country. Modi and an accompanying delegation were received at Kuwait International Airport by First Deputy Prime Minister and Minister of Defense and Interior Sheikh Fahad Al-Yousef Al-Sabah, Foreign Minister Abdullah Al-Yahya and senior officials. Shortly after his arrival, Modi met prominent members of the Indian community in Kuwait, including 101-year-old Mangal Sain Handa. He then met Indian workers at a labor camp, before heading to an indoor stadium for a community event titled ‘Hala Modi’. Addressing the capacity crowd of expats from across India and all walks of life, he praised Indian workers from diverse fields, noting their contribution to remittances sent back home. He added the Kuwaiti leadership appreciates Indian workers for their skill and honesty. “It takes four hours to reach Kuwait from India, but it took an Indian prime minister four decades,” Modi said in a nod to the historic nature of his visit. He emphasized the long-standing relationship between India and Kuwait. “Our nations are bound not only by diplomacy, but also by hearts. Our past and future are intertwined,” he said. Modi recalled the words of HH the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah when they met recently in New York: “When you need anything, you go to India.” He reflected on the COVID pandemic era, when Kuwait provided liquid oxygen to India, while India supplied vaccines and healthcare support to Kuwait. He also praised Kuwait for its response during the deadly Mangaf fire incident in June. Kuwait-India ties go back to the pre-oil era, when Kuwaiti merchants and sailors were present in many Indian cities. Modi revealed India’s dominance in the jewelry sector was influenced by pearls from Kuwait, noting the Indian rupee was in circulation in Kuwait till its independence, with words like paisa and anna used in everyday parlance. Modi highlighted the economic cooperation between India and Kuwait, with an emphasis on innovation, steel, technology and manpower. He said India can assist Kuwait in achieving its New Kuwait vision with its smart cities, green technology, startups and skilled youth. “India, as the world’s most youthful nation, can help fulfill global skills needs,” he said. The Indian premier mentioned advancements in technology, digital payments and space ventures, saying every Indian should be proud of these achievements. At the end of his speech, which was punctuated by applause, Modi thanked the leadership of Kuwait for welcoming him, revealing to the cheering crowd that he has been invited as a guest of honor by HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah for the opening ceremony of the Khaleeji Zain 26 (Arabian Gulf Cup) on Saturday evening.AGCO Co. ( NYSE:AGCO – Free Report ) – Analysts at Zacks Research issued their FY2024 EPS estimates for shares of AGCO in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst S. Deb anticipates that the industrial products company will earn $7.50 per share for the year. The consensus estimate for AGCO’s current full-year earnings is $7.32 per share. Zacks Research also issued estimates for AGCO’s Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $1.03 EPS, FY2025 earnings at $5.94 EPS, Q1 2026 earnings at $1.83 EPS, Q2 2026 earnings at $1.74 EPS, Q3 2026 earnings at $1.25 EPS and FY2026 earnings at $6.83 EPS. AGCO ( NYSE:AGCO – Get Free Report ) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company earned $3.97 earnings per share. The business’s quarterly revenue was down 24.8% on a year-over-year basis. View Our Latest Analysis on AGCO AGCO Stock Performance Shares of AGCO stock opened at $98.41 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. AGCO has a one year low of $84.35 and a one year high of $130.26. The company’s 50-day simple moving average is $96.34 and its 200-day simple moving average is $97.88. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 0.52 and a beta of 1.25. Institutional Inflows and Outflows Hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group bought a new stake in AGCO during the third quarter worth approximately $29,000. LRI Investments LLC bought a new stake in AGCO during the first quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in AGCO by 102.4% during the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after buying an additional 174 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after buying an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in AGCO by 69.0% during the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock worth $40,000 after buying an additional 167 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock. AGCO Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. AGCO’s payout ratio is currently 51.33%. About AGCO ( Get Free Report ) AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses. Further Reading Receive News & Ratings for AGCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO and related companies with MarketBeat.com's FREE daily email newsletter .