Category: 3. Business

  • How CEPI’s Digital Transformation Project Win Will Impact Cognizant Technology Solutions (CTSH) Investors

    How CEPI’s Digital Transformation Project Win Will Impact Cognizant Technology Solutions (CTSH) Investors

    • On November 20, 2025, the Coalition for Epidemic Preparedness Innovations (CEPI) selected Cognizant Technology Solutions to lead a multi-year digital transformation project, including the implementation of a new core HR and Expense Management System and enhancement of CEPI’s Salesforce platform.

    • This win underscores Cognizant’s recognized expertise in digital transformation and AI-enabled enterprise architecture across the healthcare and non-profit sectors.

    • We’ll look at how this significant multi-year client engagement bolsters Cognizant’s investment narrative and future growth prospects.

    Find companies with promising cash flow potential yet trading below their fair value.

    To own shares of Cognizant, an investor needs to believe in the company’s ability to stay ahead in digital transformation and AI-driven enterprise services, despite an industry marked by rapid change and cost pressures. The newly announced multi-year CEPI digital transformation deal reinforces Cognizant’s relevance in healthcare and non-profit sectors, supporting the current short-term catalyst of robust, recurring client wins, while the key risk remains the acceleration of AI and platform automation potentially eroding demand for traditional services. So far, this news adds positive evidence but does not change the largest risk facing the business.

    Among recent announcements, the launch of the ONE Bridge automation accelerator with Ataccama stands out as especially relevant. This tool enables clients to migrate data platforms more efficiently, which aligns with Cognizant’s strategy to win large digital transformation projects and could reinforce growth in recurring revenue if the company maintains its innovation pace.

    However, investors should keep in mind that if enterprise adoption of agentic AI accelerates faster than Cognizant’s ability to adapt its services offering…

    Read the full narrative on Cognizant Technology Solutions (it’s free!)

    Cognizant Technology Solutions’ outlook anticipates $23.5 billion in revenue and $2.9 billion in earnings by 2028. This is based on a forecast annual revenue growth rate of 4.7% and an earnings increase of $0.5 billion from the current earnings of $2.4 billion.

    Uncover how Cognizant Technology Solutions’ forecasts yield a $84.86 fair value, a 12% upside to its current price.

    CTSH Community Fair Values as at Nov 2025

    Eight members of the Simply Wall St Community estimate Cognizant’s fair value between US$66.06 and US$126.19 per share. While many focus on AI-powered deal wins, the ongoing risk of technology shifting client demand patterns could influence the company’s future growth path in several ways.

    Explore 8 other fair value estimates on Cognizant Technology Solutions – why the stock might be worth as much as 66% more than the current price!

    Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

    • A great starting point for your Cognizant Technology Solutions research is our analysis highlighting 3 key rewards that could impact your investment decision.

    • Our free Cognizant Technology Solutions research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Cognizant Technology Solutions’ overall financial health at a glance.

    Right now could be the best entry point. These picks are fresh from our daily scans. Don’t delay:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include CTSH.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • What Aeva Technologies (AEVA)’s Shift to 4D LiDAR Solutions and $100M Funding Means for Shareholders

    What Aeva Technologies (AEVA)’s Shift to 4D LiDAR Solutions and $100M Funding Means for Shareholders

    • Aeva Technologies announced an exclusive partnership with D2 Traffic Technologies to deliver 4D LiDAR-based smart infrastructure solutions across the U.S. and secured a US$100 million investment from funds managed by Apollo Global Management to accelerate the sales and deployment of its LiDAR technology.

    • These actions mark a shift for Aeva from a LiDAR sensor supplier to a full-solution provider, offering integrated sensing, perception, and analytics for transportation infrastructure.

    • We’ll explore how this move toward comprehensive traffic management solutions shapes Aeva Technologies’ broader investment narrative.

    Trump has pledged to “unleash” American oil and gas and these 22 US stocks have developments that are poised to benefit.

    For investors considering Aeva Technologies, the underlying story continues to hinge on whether its advanced LiDAR platform can achieve meaningful commercial adoption and drive sustainable revenue growth. The recent exclusive partnership with D2 Traffic Technologies and US$100 million backing from Apollo Global Management signal a push beyond hardware into full-stack smart infrastructure solutions, which could reshape the company’s near-term catalysts. These developments bring new momentum at a time when high growth, particularly in traffic management and automotive sectors, is top of mind. However, previous data indicated a highly volatile share price, rising losses, and a price-to-sales ratio far above peers, suggesting Aeva remains a high-risk proposition. While the new capital and partnerships may address concerns over funding and market reach, investors now need to reassess whether the commercial pipeline can grow rapidly enough to offset persistent losses and justify today’s valuation. Yet, it’s the competitive pressures and uncertain path to profitability that most demand careful consideration.

    In light of our recent valuation report, it seems possible that Aeva Technologies is trading beyond its estimated value.

    AEVA Community Fair Values as at Nov 2025

    Ten fair value estimates from the Simply Wall St Community show a striking span from US$1.02 to US$52.96 per share, underlining wide disagreement on potential upside or risk. With recent moves aimed at full-solution delivery, the company’s ability to convert partnerships into sustained revenue remains a key focus for many market participants seeking clarity.

    Explore 10 other fair value estimates on Aeva Technologies – why the stock might be worth over 5x more than the current price!

    Disagree with this assessment? Create your own narrative in under 3 minutes – extraordinary investment returns rarely come from following the herd.

    These stocks are moving-our analysis flagged them today. Act fast before the price catches up:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include AEVA.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Does Moody’s Recent Fintech Partnerships Justify Its Share Price in 2025?

    Does Moody’s Recent Fintech Partnerships Justify Its Share Price in 2025?

    • Wondering if Moody’s current share price reflects real value or just market hype? You’re not alone, and we’re about to break it down in plain terms.

    • After mostly holding steady this year, Moody’s stock has ticked up 1.4% year-to-date and gained over 80% in the last five years. This suggests long-term growth but also raises questions about future upside.

    • Recent headlines have focused on Moody’s expanding its risk assessment coverage and forming new partnerships in the financial technology space. These moves are driving fresh conversations about the company’s competitive position and its potential to navigate a shifting regulatory landscape.

    • Right now, Moody’s valuation score sits at 0 out of 6 checks for being undervalued, according to our framework. Let’s look at how different valuation methods approach the stock, and keep in mind there is an even more useful perspective coming up at the end of this article.

    Moody’s scores just 0/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

    The Excess Returns Model helps investors understand whether a company creates value above its cost of capital. It measures how much profit Moody’s can generate from its investments in comparison to the minimum return shareholders require, or the cost of equity.

    For Moody’s, the average return on equity is an impressive 62.98%. The company’s stable earnings per share are estimated at $17.17, with a cost of equity at $2.25 per share. This results in a robust excess return of $14.93 per share. The latest book value sits at $22.18 per share, and projections point to a stable book value of $27.26 per share, based on weighted estimates from multiple analysts.

    This model estimates Moody’s intrinsic share value at $327.15. Compared to the current market price, this implies the stock is about 46.6% overvalued. While Moody’s strong excess returns highlight its ability to create shareholder value, the current price appears to overshoot what the fundamentals justify.

    Result: OVERVALUED

    Our Excess Returns analysis suggests Moody’s may be overvalued by 46.6%. Discover 917 undervalued stocks or create your own screener to find better value opportunities.

    MCO Discounted Cash Flow as at Nov 2025

    Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Moody’s.

    For profitable companies like Moody’s, the price-to-earnings (PE) ratio is a widely accepted gauge of value. It tells investors how much they are paying for each dollar of current earnings, which is especially relevant for established businesses with reliable profits.

    Market expectations of growth and risk play a huge role in what a “normal” or “fair” PE ratio should be. Companies with expected higher growth, lower risks, or strong market positions often trade at higher multiples, while those facing challenges may warrant a discount.

    Moody’s current PE ratio is 38.13x, which stands well above the Capital Markets industry average of 23.63x and the peer average of 30.15x. On the surface, this suggests investors are paying a premium for Moody’s shares compared to both the broader industry and other peers. However, context is key. Factors like top-notch profit margins, growth resilience, and market stature can justify a loftier multiple.

    This is where the Simply Wall St “Fair Ratio” comes in. Unlike a plain industry or peer check, the Fair Ratio (17.84x for Moody’s) models what a justified multiple should be, considering Moody’s specific earnings growth outlook, profit margins, scale, and risk profile. This holistic approach digs deeper into the unique story behind the company, not just the sector it sits in.

    Comparing Moody’s current PE of 38.13x to a Fair Ratio of 17.84x, the stock trades at more than double what our model deems reasonable. This suggests it is significantly overvalued with respect to earnings potential and risk.

    Result: OVERVALUED

    NYSE:MCO PE Ratio as at Nov 2025
    NYSE:MCO PE Ratio as at Nov 2025

    PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1422 companies where insiders are betting big on explosive growth.

    Earlier we mentioned that there is an even better way to understand valuation, so let’s introduce you to Narratives, an innovative approach that helps you make sense of a company’s potential by combining the story behind the business with financial forecasts and fair value estimates.

    A Narrative is simply your perspective on a company, weaving together your assumptions about its future revenue, earnings, and margins into a story that makes sense to you. With Narratives on Simply Wall St’s Community page, millions of investors can turn their insights into actionable forecasts, helping you see not just where the numbers come from, but what they mean for future performance.

    This tool empowers you to link Moody’s evolving business outlook directly to a calculated fair value, showing whether the stock is undervalued or overvalued compared to today’s price and making it easier to decide when to buy or sell. Best of all, Narratives update automatically as new news or earnings are announced, keeping your view aligned with real-world events.

    For example, some investors expect rapid revenue growth and margin expansion for Moody’s, driving price targets as high as $595, while others are more cautious due to regulatory pressures and set targets closer to $475. Your Narrative helps you decide which view fits your beliefs and investment goals.

    Do you think there’s more to the story for Moody’s? Head over to our Community to see what others are saying!

    NYSE:MCO Community Fair Values as at Nov 2025
    NYSE:MCO Community Fair Values as at Nov 2025

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include MCO.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Chinese buyers downplay Japan tensions at auto show – Reuters

    1. Chinese buyers downplay Japan tensions at auto show  Reuters
    2. Japanese carmakers taking biggest hit from new Chinese entrants  Fleet News
    3. Japanese carmakers face difficulties in Chinese market  news.cgtn.com
    4. International Business: Chinese buyers downplay Japan tensions at car show  Gdnonline
    5. Japanese manufacturers “losing ground” to Chinese entrants  motortrader.com

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  • Fiscal policy and growth in Europe

    Fiscal policy and growth in Europe

    Keynote speech by Christine Lagarde, President of the ECB, in the session “Central Banks in a Changing World” at the European Meeting of the Trilateral Commission in Vienna, Austria

    Vienna, 22 November 2025

    It is a pleasure to be here in Vienna.

    The relationship between central banks and governments has evolved substantially over the centuries.

    Historically, central banks were often created to provide governments with financing.[1] But if monetary history teaches us one lesson, it is that central banks kept under the thumb of the state tend to generate inflation.

    This insight emerged only gradually.

    In the early 19th century, Napoleon Bonaparte – who founded the Banque de France – is said to have acknowledged that a central bank should serve the state, but not be excessively dominated by it.[2] Well, that was a start at least.

    Over time, however, and especially in the second half of the 20th century, recognition grew that the more operationally independent a central bank became, the lower and less volatile inflation outcomes were. This relationship is well established in the empirical literature.[3]

    But there is always the concern that a short-sighted government may be tempted to try to force the hand of a central bank to finance its debt – despite the lessons of history.

    This concern tends to surface when public debt is elevated, as it is today in a number of jurisdictions.

    Indeed, this afternoon’s session asks the question of whether central banks may someday face a regime of fiscal dominance – in which governments burdened with large current or future spending needs compel them to provide finance regardless of the inflationary consequences.

    Today, I will begin by looking at Europe’s experience with monetary–fiscal interactions in recent years. I will then turn to the fiscal challenges ahead and discuss the ways in which Europe can mobilise its flexibility and collective strength to support higher growth.

    The experience of monetary policy and fiscal policy in recent years

    When we look at the policy actions taken in the euro area in recent years, the narrative of fiscal dominance does not hold.

    During the pandemic, monetary policy and fiscal policy worked hand in hand to help lift the economy out of the state of emergency.

    The ECB carried out large-scale bond purchases to safeguard price stability, while governments increased debt to finance furlough schemes and other support instruments.[4]

    Together, these measures were successful in stabilising the economy and putting the conditions in place for a fast recovery. Real activity in the euro area returned to its pre-pandemic level within seven quarters, compared with 29 quarters after the global financial crisis.[5]

    But they also left Europe with higher debt levels. At its peak in early 2021, public debt as a share of euro area GDP had risen by around 15 percentage points relative to its pre-pandemic level.[6]

    Yet the ability of monetary policy to pursue its mandate in full independence has not been constrained by fiscal policy.

    This was clearly demonstrated when, confronted with the largest inflation shock in a generation, we increased rates at a record pace – the sharpest tightening of monetary policy in our history.[7] Inflation fell dramatically and, today, is close to our 2% target.

    We also reduced the size of our balance sheet through quantitative tightening, reinforcing the stance of our monetary policy.[8] Our monetary policy securities portfolio has already declined by over €1.1 trillion from its peak.[9]

    At the same time, there has also been a significant improvement in primary balances.

    After dropping sharply in 2020 owing to the pandemic, the euro area primary balance improved by more than 4 percentage points of GDP by 2024, albeit with considerable variation across Member States.[10]

    Perhaps most importantly, the ECB’s independence is unchallenged. We have one of the strongest and most clearly defined forms of central bank independence in the world, firmly anchored in the EU Treaties.

    A different kind of fiscal challenge in the euro area

    In fact, when I think about monetary-fiscal interactions, I see a different type of problem in Europe.

    Public debt levels in the euro area remain elevated and need to come down. But the main challenge I see is not that governments widely fail to respect the fiscal rules.

    Rather, it is that governments need to place greater emphasis on spending that supports potential growth and key strategic priorities while consolidating their budgets.

    For example, the new EU fiscal rules give countries the opportunity to extend their fiscal adjustment period to as long as seven years if they commit to public investment and structural reforms that strengthen productivity and long-term growth.

    But only seven out of 20 euro area countries have chosen this path.[11]

    This can lead to a situation that has been called “fiscal stagnation”, where the measures taken to consolidate public finances weaken growth potential, leading to still more need for consolidation, in what can become a vicious circle.[12]

    All this matters for central banks – not because of fiscal dominance in the classical sense – but because it can trap the economy in a low-growth equilibrium. This can make the central bank’s job harder in various ways.

    A scenario of persistently low productivity growth, for instance, can put downward pressure on the natural rate of interest. That can limit how far central banks can cut rates, as we saw during the pre-pandemic era. At the same time, weak potential growth can also keep inflation higher than it would otherwise be.

    By contrast, a scenario of stronger productivity growth can make the central bank’s job easier. In ageing societies, for example, faster productivity growth may moreover be key to compensate for shrinking labour supply and avoid upward wage pressures.

    Now, one of the main reasons that governments are deprioritising productive spending over current spending is the pressure to sustain Europe’s social model and support ageing societies in the short run.

    Yet it is precisely this productive spending that will enable Europe to generate the productivity gains needed to sustain its social model and its ageing population in the long run.

    The goal should be to foster a virtuous circle in which productive spending raises productivity growth. Higher productivity, in turn, strengthens potential growth. That would put Europe’s social model on a stronger and more sustainable economic footing.

    Mobilising Europe’s flexibility and collective strength

    I see three ways in which Europe can rise to the challenge of achieving this goal.

    First, countries should use the flexibility that the fiscal rules allow.

    For example, if Member States reallocated just 1% of GDP more of existing public spending to research and development and another 1% to education, the productivity and growth gains could be sizeable: one study finds that, together, these shifts could boost output by around 6% over the long run.[13]

    This should mean that, by the end of the seven-year adjustment period, government debt would be on a more sustainable path supported by higher potential growth, not higher taxes or cuts to productive expenditure.

    Second, Europe should deploy its collective resources more efficiently.

    Rather than each government reallocating existing national spending in isolation, we should explore ways to pool resources in high-multiplier areas where there are cross-border benefits and clear returns to scale can be achieved.

    As it happens, these are often strategic areas where Europe must strengthen its capabilities anyway – such as research and development to drive innovation and defence to deter hostile actors.

    We know what is possible when Europe puts its mind to it.

    An example of this is the European Organization for Nuclear Research – CERN – established back in the 1950s.

    By pooling national resources, European countries were able to pursue high-energy physics research at a scale and over time spans that individual countries could not have financed alone.[14]

    This joint initiative has produced major breakthroughs, notably the creation of the World Wide Web, as well as technological advancements in medical imaging and autonomous driving with artificial intelligence.

    More recently, in March this year, the European Commission launched Readiness 2030, an initiative that helps to pool defence procurement across EU countries.

    Under the initiative, €150 billion will be mobilised for investments in pan-European capability domains – such as air and missile defence, artillery systems, and anti-drone systems.[15]

    Third, there is strong potential to use EU budget instruments to mobilise private capital.

    Europe faces unprecedented investment needs to finance the green, digital and defence transitions. Together, these are estimated to require an additional €1.2 trillion of spending per year between now and 2031.[16]

    These vast amounts cannot be borne by the public sector alone, so private investment will need to contribute substantially. While deeper capital-market integration is essential to unlock this private investment, well-designed EU programmes can play an important complementary role.

    For instance, ECB research finds that the European Structural and Investment (ESI) funds – de facto the EU’s primary investment vehicle – generate significant crowding-in effects. Every euro of ESI funding has been matched by €1.10 of private investment.[17]

    Further ECB analysis shows that ESI-funded firms steadily increased their capital stock and experienced long-lasting gains in productivity.[18]

    Leveraging the synergies between targeted public investment and private finance will likely prove critical if Europe is to meet its investment needs and boost potential growth.

    If Member States and the EU make full use of these three opportunities, Europe could combine the best of both worlds: strengthening productivity growth while preserving its social model.

    In parallel, it would also reduce the risk of fiscal dominance emerging in the future.

    Conclusion

    Let me conclude.

    The composer Johann Strauss II is said to have remarked “If only I had more time; the ideas come faster than I can write them down.”

    I have no doubt that the beauty of this city was a constant source of inspiration to this famously creative son of Vienna.

    We all do what we can with the time given to us – and Strauss, it is fair to say, used his exceptionally well. I have used the time given to me this afternoon to offer several ideas on how Europe can best leverage its flexibility and collective strength to support higher growth.

    Crucially, each idea is within the realm of possibility – as there are already important precedents that demonstrate what is possible. Just as Strauss transformed inspiration into enduring works, Europe too can turn these opportunities into the growth needed to sustain its social model.

    Thank you.

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  • Pinterest is leaning hard into AI. The strategy appears to be backfiring

    Pinterest is leaning hard into AI. The strategy appears to be backfiring


    New York
     — 

    Abigail Wendling, 23, uses Pinterest to curate everything in her life, from recipes to wallpapers. At least until she saw a one-eyed cat when searching for a wallpaper. In another instance, a search for healthy recipes turned up a puzzling image showing a slice of cooked chicken with seasonings sprinkled inside it.

    These posts were created by generative AI, which is quickly overtaking the photo-first platform. Pinterest, like other social media platforms, has grappled with a flood of AI slop since the launch of ChatGPT’s Sora video generation tool in 2024. The company has taken proactive steps to curb the content for users who don’t want it.

    But the presence of generative AI has struck a chord with Pinterest’s creative community, with users telling CNN that they feel unheard as the company’s C-Suite goes all in on the burgeoning technology.

    “It makes me want to put my phone down and do something else,” said Wendling, who also uses Instagram and TikTok. “I would say Pinterest has the most AI-generated photos and videos out of every social media app I’m using right now … I have to look over everything with a microscope now.”

    Diving headfirst into AI has been a priority for Pinterest CEO Bill Ready, who took over the company in 2022. The former Venmo and Braintree leader has rebranded Pinterest “from a platform of window shopping” to “an AI-powered visual-first shopping assistant” in its latest earnings call this month. And it’s not alone: Pinterest joins Google, OpenAI and Amazon in a push to revamp the online shopping experience with AI.

    Pinterest logged 600 million global monthly active users, half of which are Gen Z and many of whom use it for shopping inspiration. Its third-quarter revenue recently grew 17% year-over-year to $1 billion.

    Artificial intelligence, a technology that Silicon Valley is racing to adapt and monetize, is at “the heart of the Pinterest experience,” he said.

    What that means for Pinterest users is the stress of trying to navigate AI slop, more advertisements and less content they want to see on the platform, users told CNN.

    “I want to see art that a human being has put time and effort into, not some gorge spit out by someone who typed a few words into an image generator,” Amber Thurman, a 41-year-old Pinterest user from Illinois, said to CNN.

    Over the past year, Pinterest has responded to user complaints. It rolled out a “tuner” last month to adjust how much AI content users want to see and was an early adoptor in labeling Gen AI images on its platform earlier this year.

    “While many people enjoy GenAI content on Pinterest, we know some want to see less of it,” a Pinterest spokesperson said in an email to CNN, adding: “Pinterest prioritizes high-quality content and what is inspirational to our users – whether it’s AI-generated or not.”

    However, Pinterest users who spoke to CNN said they no longer recognize the app they signed up for and argue that the platform hasn’t kept up with the daily flood of AI content. The tools to limit AI, they argue, aren’t enough.

    “There’s not a precise ability for any platform to catch 100% of what is AI-generated,” Ready said in the earnings call.

    Pinterest once served as a haven from fast-talking commentary on TikTok, life updates from former classmates on Instagram and relatives arguing over politics on Facebook.

    Founder Ben Silbermann told CNN in 2019 that the platform’s primary goal was to inspire users. Users curated mood boards and pinned cookie recipes. Creatives and artists flocked to the app to find real-life design inspiration.

    The Pinterest app in February 2017, before it got rebranded as a shopping platform.

    But in 2025, tech giants are racing to capitalize on a technology that some have called as impactful as the smartphone or the internet itself. And that includes finding new ways to monetize. AI.Meta, for example, will soon start using user conversations with its AI assistant to inform targeted ads.

    For Pinterest, its future hinges on AI-powered shopping. Its algorithm pinpoints products for users based on their searches in the app.

    In its latest quarter, the number of people clicking on advertiser links grew by 40% compared to the year before and has increased by more than five times in the last three years, according to earnings reports. The company is doubling down on that momentum by introducing more AI features, such as a shopping assistant users can converse with that acts as “a best friend,” the company said.

    However, some long-time users are not buying Pinterest as a shopping ad.

    Hailey Cole, a 31-year-old creative director from California, began using Pinterest’s competitor Cosmos for design inspiration recently. She said she’s never purchased anything from the platform and is worried that Pinterest’s AI content may be stealing intellectual property, as she said it happened to her. Pinterest’s policy states it will take down accounts of those who repeatedly infringe on copyright or intellectual property.

    “I’ve heard the CEO say (Pinterest is a shopping app); I don’t know where he came up with that… I think that’s him more just envisioning or manifesting,” Cole said.

    Wendling said she worries about authenticity on Pinterest. With the sheer amount of fake content on the platform, even if she sees something she likes, she said she would go to another site and buy it.

    Users will have to “live with both” slop and new technology as companies work to monetize the technology, Jose Marichal, a professor of political science at California Lutheran University, told CNN.

    Pinterest’s leaders certainly are.

    Over time, AI will follow a similar trajectory to Photoshop, Ready said. “Almost every piece of content you see will have been at a minimum edited by AI in some form or another.”

    But that approach could jeopardize the authentic feel that drives users to the platform in the first place.

    The Pinterest website in July 2023. Pinterest users who spoke to CNN in 2025 said they no longer recognize the app they signed up for.

    AI-generated posts often lead to off-platform websites that profit off affiliate marketing, Casey Fiesler, associate professor of information science at the University of Colorado Boulder, told CNN.

    For example, one of the first search results for “chocolate chip cookie recipe” on Pinterest led to a photo of the dessert. The post linked to a different site that was riddled with ads and had an AI-generated image of a chef. The recipe itself matched almost exactly to a ChatGPT query asking for “the best chocolate chip cookie recipe ever.”

    On an algorithm-driven social media site, the one thing that users can control is their own engagement with AI content. Even leaving a hate comment or sending it to a friend as a joke can signal to the algorithm that you want to see more of that content, Fiesler said.

    Media literacy is also more important than ever as users will need to sniff out slop on their own.

    “These platforms are looking to gain short-term metrics, but they are degrading user experience and long-term trust,” said Tony Sampson, senior academic at the University of Essex.

    So far, the users that spoke to CNN have been cutting down on their Pinterest usage. While some are moving to new apps like Cosmos, others are finding themselves back on older sites like Tumblr.

    “For something like Pinterest in particular, I imagine it makes people a little sad,” Fiesler said. “They used to see a lot of human-created content that they found inspiring, and now it’s just a lot of very non-human, perhaps not inspiring content.”

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  • Customs Reform Needed As Import Rules Change 

    Customs Reform Needed As Import Rules Change 

    Responding to news of the Government’s plan to widen customs charges to low value goods entering the UK, William Bain, Head of Trade Policy, said: 

    “This has been on the cards for a while as the US has already made this change and the EU will do so at the start of January. 

    “If the UK did not follow suit, then it would risk significant trade diversion of goods from China as they would become more expensive to sell in those other markets. 

    “There will be winners and losers from this move. Many High St and online retailers have complained about unfair competition from Chinese manufacturers which can significantly undercut them. 

    “The Treasury estimates that almost £6bn of goods that currently enter the UK without having to pay customs duties would be covered by this change. That would raise at least an extra £500m for the Exchequer every year. 

    “On the losing side are regional airports, which have been major beneficiaries of the surge in freight flights carrying these goods from China. Airports like Prestwick and Bournemouth have seen a big rise in freight traffic from China and additional work as a result.  

    “In making these changes from 2029 it is important the Government keeps a level playing field with the EU and US to maintain our strong trade ties. 

    “But in a world of increasing trade complexity the government should use this opportunity to make more comprehensive customs reforms. 

    “To grow our economy, we must make it quicker, simpler and cheaper to bring in and export goods from the UK. The EU is already conducting the biggest customs reforms in a generation, and the US is changing the role of its customs agencies too.  

    “The UK needs a modernised rulebook, the rollout of digital trade corridors with a wide range of trading partners, a clear timeline for a Single Trade Window, and better customs co-operation with the US and EU.  

    “These changes on customs duty charges should be part of that, so all businesses benefit from lower costs and greater efficiency in trade.” 

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  • Politics, crime and conspiracy content

    Politics, crime and conspiracy content

    Elon Musk can’t stop posting about the political fringe.

    In recent weeks, the world’s wealthiest person used X to post about immigrants to Britain, saying they will cause the country’s collapse. He posted about examples of violent crime in Minnesota and South Carolina — where he does not live — and about judges in California and New York he believes are too lenient. Musk also smeared trans people, complained about Black-on-white crime, stoked fear about the end of civilization and shared his thoughts about the race of child actors.

    Musk posted about all those topics and more in a recent one-month period, during which NBC News tracked and analyzed all of his posts for an in-depth look at where the tech billionaire focuses his attention online.

    Musk left his role in the second Trump administration in May to focus on his companies, and since then he has continued to share a torrent of content on his social media site. Between Sept. 17 and Oct. 17, Musk posted, replied to or shared content 1,716 times on his X account — about 55 times a day, on average.

    Some of his messages invoke extreme ideas, like the antisemitic “great replacement” conspiracy theory, which says there is a top-down plot organized by Jewish people to replace the white populations of the United States and Europe with nonwhite people. Musk backed the same false theory two years ago, causing a backlash among X advertisers. Though he later said he was “aspirationally Jewish” and not antisemitic, he continues to share the conspiracy theory. He also shared the baseless conspiracy theory that the FBI staged the Jan. 6, 2021, attack on the U.S. Capitol.

    An NBC News analysis of his online activity shows that while Musk may have shifted some of his day-to-day attention back to his companies, his public presence on X is a mix of promoting his business and weighing in on issues that are typically the focus of the far right.

    Nearly half of his posts, 49%, during the period reviewed by NBC News were about politically charged topics. NBC News classified a post as political if it related to a government official, a political commentator or a policy debate.

    Musk’s presence on X serves to maintain his political influence as he considers whether and how to become involved in the 2026 midterms or the presidential campaign that will follow.

    Musk did not respond to a request for comment on the NBC News analysis.

    “He can make himself inescapable,” said Thad Kousser, a political science professor at the University of California, San Diego.

    “Regardless of his links at any time to Donald Trump or to Democrats, he still has the potential to capture eyeballs and thus potentially votes,” he said.

    About 41% of his posts during the same time period were about his companies. His AI startup, xAI, was his most frequent business topic, coming up in 21% of his posts. He touched on automaker Tesla in about 11% of posts and on rocket company SpaceX about 6% of the time.

    Taken together, the posts offer a near real-time look at what is on the mind of one of the richest and most powerful people in the world as he oversees buzzy companies that fulfill major government contracts or move markets as part of the “magnificent seven.” This month, Tesla shareholders approved a new CEO pay package that could be worth up to $1 trillion if the company meets a series of benchmarks. Musk counts more than 229 million followers on X, and his posts regularly get millions of views.

    “He’s not just the wealthiest person alive. He’s also one of the most influential, even if he has no formal role in government,” said Rob Lalka, a business professor at Tulane University who studies the tech industry’s impact on politics.

    “He’s both really good at spotting what will soon be trending and also being one of the people who is defining that in this cultural moment,” he said.

    During the month that NBC News analyzed, Musk engaged with ideas on the fringe of politics, including an unapologetic attitude toward past British colonialism and a proposed nationwide purge of judges based on a Central American precedent. In an offhand remark, he appeared to claim Mars as legal territory of the United States.

    “That is not what most average people are sitting around spending their time on, especially in an economy where real wages are not great,” Lalka said. “Most Americans are worried about the price of eggs right now.”

    Musk, who said he voted for Democrats in 2016 and 2020, has shifted sharply to the right in recent years. During last year’s campaign, he aligned himself with Trump, made appearances in key swing states and poured more than $290 million into Republican efforts. He then joined Trump’s administration as a White House adviser and the head of Trump’s Department of Government Efficiency (DOGE).

    Musk’s foray into government was rough. He repeatedly clashed with other Trump administration officials over the extent of his authority, DOGE did not drastically affect the federal budget deficit, and the cuts it did make have been blamed by public health researchers for hundreds of thousands of deaths worldwide.

    Tesla, where he is CEO, became a political target, and shares of the company took a beating. In May, he said he was leaving the administration to spend his time at Tesla and limit any more government work to a day or two a week. When he left the White House, Tesla investors cheered.

    With his White House stint in the rearview mirror, Musk said in September that he was “burning the midnight oil” at work, with weekend meetings related to Tesla and xAI as he crisscrossed the country to visit employees in person.

    “Daddy is very much home,” he wrote on Sept. 15.

    Musk also took to his social media platform. One in eight of his posts in the month NBC News reviewed were about crime — slightly more than the share devoted to Tesla — even as crime rates continued to fall. In a Gallup poll in October, only 6% of Americans listed crime as the most important problem facing the country.

    His posts were often targeted at influencing current events. In early October, before Trump decided against sending federal troops to San Francisco, Musk helped to fuel a narrative that crime was out of control in the city. He posted about crime there 13 times over two days, despite San Francisco experiencing the fewest homicides since 1954.

    “I think he is mostly speaking to people who already agree with him,” said Darren Linvill, a co-director of Clemson University’s Media Forensics Hub. “He’s not necessarily persuading anyone to come join him. But that still serves a function to maintain his influence and presence as a political actor.”

    Musk has gone after judges and prosecutors who he said were too lenient. He posted about judges 52 times, including twice when he called for the wholesale removal of “corrupt” judges and cited purges in El Salvador as a model for the United States.

    Often, Musk focused on cases where the criminal defendants were Black, immigrants or both, and where the victims were white, appearing to play into narratives about interracial crime that are common in conservative media. Experts say there is no evidence of a migrant-driven crime wave, and most violent crime occurs between a victim and a perpetrator of the same race, according to Justice Department survey data.

    In the 31 days that NBC News analyzed, Musk posted about violent crime every day but two.

    Immigration was the second-most frequent political topic on Musk’s mind. About 8% of his posts touched on the subject, often aligning with the Trump administration’s own harsh language. He shared immigration-related posts from Vice President JD Vance four times, from the official White House account twice and from White House deputy chief of staff Stephen Miller once. Musk also accused officials in Democratic-led cities of “treason” for resisting immigration enforcement.

    Musk’s opposition to immigration was global, criticizing politicians in Europe and Asia for allowing in migrants. He warned that mass immigration would “destroy Japan” and lead to “the end of Britain.” Musk, a native South African who became a U.S. citizen in 2002, is an immigrant himself.

    Joan Donovan, an assistant professor of journalism and emerging media studies at Boston University, said Musk’s frequent posts related to the decline of Western civilization are a thinly veiled callout to racial politics.

    “This is, of course, a dog whistle about white identity politics and for people who are expressly proud of being white and unapologetic about their own beliefs in white supremacy,” she said.

    She said that Musk’s embrace of fringe topics, such as a purge of judges, is the kind of content that used to be confined to the internet’s darkest corners.

    “It’s really reflective of some of the grossest places on Reddit or the type of posting you’d see on 4chan. It’s become a reality-distortion machine,” she said.

    But lately, racist rhetoric has been surging in the open, with white nationalists such as Nick Fuentes finding more mainstream footing on Musk’s X and in other venues.

    Race was a major theme in Musk’s posts. Musk, or those whose posts he shared, often depicted Black people in a negative light, and they often did so regardless of the topic at hand.

    Photos of Black criminal defendants appear to get Musk’s attention. Forty-one times during the month — more than once a day, on average — Musk shared or replied to a post that had an image of a Black person charged with a crime.

    He posted about alleged Black criminals in Florida, Germany, Minnesota, New York, North Carolina and elsewhere, and in many of the cases the defendants were charged with harming white victims. Sometimes, Musk would include an ominous warning such as, “He will kill again.” One post from another user, the actor James Woods, had eight photos: four Black defendants and four white victims. Woods wrote: “Sad.” Musk replied: “Yes.”

    Once, when an account denounced six amendments to the U.S. Constitution, including the post-Civil War 15th Amendment, which guarantees the right to vote regardless of race, and the 19th Amendment, which guarantees the right to vote regardless of sex, Musk responded with the “tears of joy” emoji. And on five occasions, Musk replied to or shared content from two accounts that regularly post white supremacist views.

    There were six posts where Musk portrayed Black people in a positive light: two from a Black influencer saying that Democrats had failed Black Americans, and four posts in which Black people praised conservative influencer Charlie Kirk after his death.

    Musk spent a lot of time posting about perceived enemies: About 1 in 5 of his posts during the month, or 21%, fell into that category, which for Musk included the news media, civil rights organizations, Hollywood, OpenAI and numerous people who identify as transgender.

    Beyond politics, one of Musk’s frequent topics is himself. About 6% of his posts during the month referenced his own quotes, videos of interviews he has given or other bits of his life story and the mythology surrounding it. Sometimes he engages in conversation with accounts such as @ElonClipsX, @muskonomy or @muskosophy.

    When the account @muskosophy posted a quote of his in September — “You don’t have a soul, you are a soul” — Musk responded, “Yes.”

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  • How Google Finally Leapfrogged Rivals With New Gemini Rollout – The Wall Street Journal

    1. How Google Finally Leapfrogged Rivals With New Gemini Rollout  The Wall Street Journal
    2. A new era of intelligence with Gemini 3  The Keyword
    3. Generative UI: A rich, custom, visual interactive user experience for any prompt  Google Research
    4. Google launches Gemini 3 with state-of-the-art reasoning, ‘generative UI’ for responses, more  9to5Google
    5. 5 things to try with Gemini 3 Pro in Gemini CLI  Google for Developers Blog

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