Trump urges the UK to open up the North Sea and dismantle wind power facilities; previously, U.S. oil company Apache withdrew from the North Sea due to the UK’s windfall tax on energy profits. How should we view this matter?

Upon review, both U.S. and UK conservative circles have voiced criticism of the UK’s North Sea policy. Claire Coutinho, Shadow Energy Secretary of the UK’s opposition Conservative Party, responded to Trump’s remarks on X, stating: 'No other major economy is shutting down domestic oil and gas production… This is utterly insane' — adding that 'it will only drive up bills, and higher electricity prices will make life harder for people.' Richard Tice, MP for Lincolnshire, echoed Trump’s view, calling the expansion of wind turbines 'a disaster': 'Wind power has driven up electricity prices — ours are the highest in the Western world, while countries without renewables enjoy lower rates… U.S. electricity prices are only one-third of ours, because they generate power using natural gas.' Colin Davie, Lincolnshire County Councillor for Economy, Environment and Strategic Planning, supports wind power but agrees with Trump’s skepticism: 'In the short term, we should rely on oil and gas; the long-term transition path should be nuclear energy — that is the zero-carbon future.' The UK raised its windfall tax on North Sea oil and gas producers from 35% to 38% to fund renewable energy projects. Rising taxes have prompted oil companies to exit en masse, causing output to plummet from 4.4 million barrels per day at the turn of the century to today’s 1.3 million barrels per day — and further declines are expected.

Wall Street Insights Morning FM-Radio | November 5, 2025

Betting against the AI bubble: 'The Big Short' investor holds 80% of his portfolio in short positions on Palantir and NVIDIA. Michael Burry is actively wagering on the collapse of the AI bubble. Regulatory filings show that approximately 80% of the notional value — exceeding $1 billion — of his Scion Asset Management fund is concentrated in short positions on NVIDIA and Palantir. However, both stocks have rallied steadily since late September, pushing these positions into paper losses. Palantir’s CEO fired back at 'The Big Short,' calling the move 'absolutely insane' and questioning whether market manipulation is involved. Norway’s sovereign wealth fund — among Tesla’s top-10 shareholders — will once again vote against Elon Musk’s proposed 'trillion-dollar compensation package.' As early as 2024, this world’s largest sovereign wealth fund had already opposed Musk’s $56-billion pay plan. Musk previously warned that he would leave Tesla if shareholders rejected his compensation package again. Morgan Stanley cautioned that failure to approve the package could trigger an immediate >10% sell-off in Tesla’s stock — widely interpreted by markets as a vote of no confidence in Musk’s leadership. Uber’s Q3 total bookings surged 21%, yet operating profit fell short of expectations. Uber reported Q3 operating profit of $1.11 billion — below analyst estimates. However, operational metrics were strong: total bookings rose 20% year-on-year to $49.7 billion, surpassing forecasts. Ride-hailing and delivery businesses performed robustly, but freight operations remained persistently weak. The earnings report revealed soft Q3 profits and a downward revision to Q4 growth guidance, sending the company’s share price down over 5%. The U.S. 'merger wave' nears historic highs: four mega-deals totaling over $80 billion announced in a single day! On Monday, Kimberly-Clark acquired Johnson & Johnson’s consumer health unit (Kenvue) for $48.7 billion; the combined entity would become the world’s second-largest health and personal care products company, trailing only Procter & Gamble. The other three deals span energy, industrial, and mining sectors. So far this year, the number of U.S. deals valued above $1 billion has reached 57 — the highest since records began in 1970. This U.S. merger frenzy reflects a broader global revival in deal activity: global M&A volume has hit $3.8 trillion this year — roughly 38% higher than the same period in 2024. Offshore wind giant Ørsted executes a strategic divestment, selling half the stake in the 'world’s largest offshore wind farm' to Apollo Global Management for $6.5 billion. Ørsted secured a $6.5-billion capital injection from Apollo — a leading private equity firm — to alleviate mounting pressure from rising interest rates and policy uncertainty in North America. The transaction will help sustain Ørsted’s other projects while leveraging Apollo’s infrastructure investment expertise and capital, ensuring continued progress on flagship developments and safeguarding critical UK decarbonization initiatives. Pfizer’s Q3 revenue declined 6% — worse than expected — yet non-COVID business emerged as a bright spot, prompting the company to raise its full-year earnings guidance. Pfizer reported Q3 revenue of $16.65 billion, down 6% year-on-year, primarily dragged by falling demand for COVID-related products. The company now expects full-year adjusted EPS of $3.00–$3.15, up from its prior forecast of $2.90–$3.10, as growth in non-COVID businesses offsets the overall revenue decline. Pfizer’s U.S. shares rose over 2% in pre-market trading, then pared gains to fall nearly 1.5%.

Orsted Holder Andel to Sell $467 Million Stake in Wind Firm

Sep 8, 2026

Andel Holding is selling a $467 million stake in Orsted, reducing its holding to 3.4%, as the wind firm recovers financially following major project deliveries.

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Orsted Holder Andel to Sell $467 Million Stake in Wind Firm

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