| Date | Ticker | Direction | Thesis | Source |
|---|---|---|---|---|
| Feb 16, 2026 | WATCH | Warner Bros Discovery is reportedly reopening talks with Paramount/Skydance. The new offer involves Paramount covering a breakup fee owed to Netflix. M&A activity in media indicates consolidation is necessary for survival. The deal structure (covering fees) suggests seriousness. WATCH for deal confirmation; arbitrage opportunities may arise. Regulatory hurdles or deal collapse. | ||
| Feb 16, 2026 | LONG | VW plans to cut costs by 20% by the end of 2028. The market has punished VW for EV demand slowdowns and Chinese competition. A 20% cost reduction directly improves the bottom line and signals management is finally addressing bloat. LONG on restructuring thesis. Unions block cuts or Chinese market share continues to erode. |