美國總統特朗普、丹麥首相弗雷澤裏克森和格陵蘭島總理尼爾森正式簽署格陵蘭島安全協議。

Bankers will begin marketing roughly $49bn of debt to back Paramount’s $110bn acquisition of Warner Bros. Discovery after litigation tied to the deal was settled, people familiar with the matter said. Bank of America, CITIGROUP and Apollo Global Management previously underwrote one of the largest leveraged buyout debt packages on record and drew strong investor interest before the deal was paused. With the transaction now cleared to close, bankers plan to start sales in the coming weeks. The financing package is split roughly into $30bn of investment-grade bonds, a $7.5bn investment-grade loan and about $12bn of subordinated bonds, with a broader investor target than a typical LBO, covering dollar and euro investors.

摩根士丹利指出，亞馬遜、Alphabet、微軟、Meta和甲骨文等大型超大規模雲廠商的綜合增量投入資本回報率（ROIIC），預計將在2027年第三季度觸底，降至約23%。根據市場一致預期，該指標在觸底後將穩步回升，到2030年反彈至約35%。 核心含義是： 當前AI數據中心和算力基礎設施的大規模資本開支，可能在未來幾年階段性壓低新增資本的回報效率，但市場一致預期並不認爲這種壓力會長期持續。隨着AI相關投資逐漸轉化爲收入和利潤，超大規模雲廠商的新增資本回報率預計將在2027年後重新改善。