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Somnigroup reports Q4 earnings beat

Somnigroup International Inc. (SGI) reported fourth-quarter earnings of $71.9 million, exceeding Wall Street expectations. Earnings per share were 40 cents, and adjusted earnings were 60 cents per share. Revenue for the period was $1.21 billion, also beating estimates. For the year, the company reported a profit of $384.3 million, or $2.16 per share, on revenue of $4.93 billion. Somnigroup expects full-year earnings in the range of $2.60 to $3 per share.

AI's Advance Spurs Sell-Off in Power Stocks

AI-Powered Chinese Startup Raises Concerns for US Power Stocks as Market Dominance Is Challenged Amidst Tech Sell-Off

Trump's Pick for Agriculture Chief Once Opposed Biofuels

Brooke Rollins, President Trump's nominee for US Secretary of Agriculture, faces confirmation despite past opposition to biofuels from her previous role at Texas Public Policy Institute. However, she vows to support all fuel sources, including biofuels.