Highlights:

• Steven Madden pulled profit guidance after the US Supreme Court struck down sweeping global tariffs, with President Trump responding with a new set of duties. Bloomberg Industries

• Capital-light stocks traditionally dominating the "quality" factor may no longer hold that position amid the AI onslaught. Bloomberg Wealth

• Citigroup formed a dedicated banking team focused on the artificial intelligence infrastructure boom, drawing leaders from investment and corporate banking. Bloomberg Industries

• Banco Santander's Executive Chair Ana Botin expects artificial intelligence to deliver more than €1 billion in value as part of an efficiency push. Bloomberg Industries

• Novo Nordisk partnered with US biotech Vivtex to develop next-generation obesity and metabolic disease drugs in a deal potentially worth up to $2.1 billion. Bloomberg Industries

• Desjardins Group is scouting for hires and deals to expand its wealth management and capital markets presence across Canada. Bloomberg Industries

• Revolut is considering a secondary share sale in the second half of 2026 as investor demand builds ahead of a potential IPO. Bloomberg Industries

• Prediction-markets platform Kalshi hired Standard Chartered's former head of prime and financing to build its institutional investor business. Bloomberg Industries

• Airbus is set to secure an order for as many as 120 commercial aircraft from China, according to German Chancellor Friedrich Merz. Bloomberg Industries

• Rollins College, chaired by former Tupperware CEO Rick Goings, is expanding into executive education as US campuses seek growth beyond traditional undergraduates. Bloomberg Industries

• Iran has been rapidly loading oil onto tankers in recent days, potentially signaling preparations amid US military buildup in the Persian Gulf. Bloomberg Industries

• TJX Cos. reported holiday-season sales above expectations but forecast slowing growth this year, suggesting the discount retailer's boost from deal-seeking shoppers may be fading. Bloomberg Industries