Integral Acquisition 1

$Netflix(NFLX.US) Q1 once again disappointed on guidance, even as the quarter beat estimates and reaffirmed management's conservative guide.

Since scrapping a potential WBD acquisition, risk appetite improved. A surprise price hike in late Mar further reinforced the pricing-power thesis.

Shares rallied 25% into the print, bucking the tape. This reflected hopes that NFLX would revert to the 'price hikes + cost discipline' playbook, but profit guidance suggested that while M&A is off, investment will still continue.

1111 ｜Dolphin Research Key Focus: 🐬 Macro/Industry 1. The U.S. Senate has passed a temporary spending bill aimed at ending the longest government shutdown in history, which has lasted for 41 days. The bill now requires approval from the House of Representatives and the President's signature to take effect. This move is a result of bipartisan compromise, providing short-term relief from economic and livelihood impacts, but the core disagreements are merely postponed, with the possibility of another deadlock after January 30th, highlighting the increasing trend of political polarization in the United States. 🐬 Individual Stocks 1. $Baidu(BIDU.US) RoboTaxi has received the first batch of fully unmanned commercial operation licenses issued by the Abu Dhabi Integrated Transport Center...