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Earnings Digest
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Earnings Digest: Feb 20, 2026 10:12 PM EST
Highlights:
- Canada Approves Some Gulfstream Jets After Trump Threats — Canada's aviation regulator issued certificates for Gulfstream jet models after Trump complained the country had refused to greenlight them and threatened tariffs. Bloomberg
- Detroit Auto Industry Spared From Trump's Latest Tariff Program — Detroit automakers were exempted from tariffs Trump imposed after the US Supreme Court struck down most of his global duties. Bloomberg
- Midas Auto Repair Owner Mavis Tire Is Said to Pick Banks for IPO — Mavis Tire Express Services Corp., which operates Midas and Tuffy brands, has selected underwriters for a US initial public offering. Bloomberg
- Visa's Prosa Deal Rejected by Mexico's Antitrust Watchdog — Mexico's National Antitrust Commission blocked Visa's planned acquisition of payment processor Prosa. Bloomberg
- First Citizens, Buyer of Collapsed SVB, Weighs Another Target — First Citizens BancShares is seeking acquisition targets to help it surpass a $250 billion asset threshold. Bloomberg
- ConocoPhillips Considers Selling Permian Assets Worth $2 Billion — ConocoPhillips is exploring a sale of some Permian Basin assets as part of portfolio streamlining. Bloomberg
- Lucid Cuts Hundreds of Workers in Latest Blow to EV Industry — Lucid Group is reducing its workforce following production struggles in a volatile auto market during 2025. Bloomberg
- Bayer Draws No-Nonsense Missouri Judge to Vet Roundup Deal — A Missouri judge known for strict scrutiny will oversee Bayer's proposed $7.25 billion settlement to resolve current and future Roundup lawsuits. Bloomberg
- Bolivia Steelmaker Weighs Deducting Mill Losses From China Loan — Bolivia's state steel company is disputing with the Chinese engineering firm that built its plant and may deduct $100 million in losses from repayments to China's Export-Import Bank. Bloomberg
- NewYork-Presbyterian Nurses Reach Tentative Deal to End Strike — Over 4,000 nurses at NewYork-Presbyterian reached a tentative agreement after a six-week strike. Bloomberg
- Copper Climbs as Supreme Court Strikes Down Trump's Tariffs — Copper prices rose after the US Supreme Court struck down Trump's reciprocal tariffs, easing concerns about global trade. Bloomberg
- New York Starts Prepping for Heavy Snow Ahead of Nor'easter — A late-weekend nor'easter could bring over half a foot of snow to New York and several inches to southern New England through Monday. Bloomberg
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