Highlights:

• UK Economy: Political risk poses the biggest challenge to upside economic surprises, contingent on government policy restraint. Bloomberg Wealth

• Kazakhstan Oil: Unable to divert significant crude volumes away from the CPC pipeline in January, contributing to sharp production declines. Bloomberg Industries

• Battery Storage: Costs fell over 25% to record lows last year, improving economics for renewable energy projects and addressing solar/wind curtailment. Bloomberg Industries

• MSG Sports: Board approved exploration of spinning off the New York Knicks and Rangers to attract investors. Bloomberg Industries

• Kraft Heinz: Replacing North American president as new CEO shifts strategy away from planned split toward growth initiatives. Bloomberg Industries

• Power Corp. of Canada: Ex-banker James O'Sullivan named CEO, replacing Jeffrey Orr who becomes vice-chair. Bloomberg Wealth

• Moderna Flu Shot: FDA reverses prior decision to review Moderna's mRNA-based flu vaccine. Bloomberg Industries

• Wayflyer Financing: Apollo-backed fund provides $250 million loan to Irish fintech for SME lending. Bloomberg Industries

• Rio Tinto Lithium: Takes majority control of Canada's Nemaska Lithium to expand Quebec battery metal production. Bloomberg Industries

• Germany Defense: Chancellor Merz rules out independent nuclear weapons, proposing instead deployment of French and UK warheads. Bloomberg Industries

• Private Equity & 401(k)s: Wall Street firms increasingly penetrating US retirement savings industry. Bloomberg Wealth

• Russia Oil Drilling: Reduced drilling pace in 2025 to three-year lows amid sanctions and currency headwinds, threatening output growth. Bloomberg Industries