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Beef Industry Warns Consumers to Expect High Prices
The beef industry is advising consumers to prepare for sustained high prices for beef products.
Beef Industry Warns Consumers to Expect High Prices
The beef industry is advising consumers to prepare for continued high prices for beef products.
Beef Industry Warns Consumers to Expect High Prices
The beef industry is signaling to consumers that they should become accustomed to elevated prices for beef products.

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Beef Industry Warns Consumers to Expect High Prices
The beef industry is advising consumers to prepare for continued high prices for beef products.
Beef Industry Warns Consumers to Expect High Prices
The beef industry is advising consumers to prepare for sustained high prices for beef products.
Beef Industry Warns Consumers to Expect High Prices
The beef industry is advising consumers to prepare for continued high prices for beef products.

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Nestlé SA CEO Philipp Navratil is feeling the heat after the world's largest food company recently carried out the biggest recall in its history, pulling infant formula off supermarket shelves after a contaminated ingredient was discovered early last month. Shares have taken a beating, and scrutiny of the recall is intensifying, with prosecutors in Europe opening an investigation.
Navratil and his management team are expected to present a turnaround plan for the Swiss foodmaker on Thursday, following the early January recall of its infant formulas. Multiple production sites were found to have cereulide, a toxin that can cause nausea and vomiting.
French authorities have received complaints from eight consumers who say their children vomited after consuming Nestlé baby formula, prompting Paris prosecutors to open investigations. In the UK, there have also been 36 reports of suspected food poisoning linked to baby formula consumption.
BBC News provided more color to those investigations:
Prosecutors in Paris will seek to establish whether the baby formula producers are liable for distributing a tainted product. It will be co-ordinated with local probes into whether there was a causal link between the contaminated formula and the deaths of three babies in France. Nestlé and France's health ministry have stressed there was as-yet no evidence to indicate such a link.
In Switzerland, the food giant's shares are little changed year to date, with uncertainty surrounding the baby formula debacle still hanging over sentiment. Zooming out, the stock has retraced to 2018-19 levels.
Vontobel analyst Jean-Philippe Bertschy told clients, "The pressure is enormous ... and full-year results have become almost anecdotal, as investors are now squarely focused on the robustness of quality controls in the infant nutrition case and on the strategic update pledged by the new management team."
Investors' attention now shifts to Thursday, when the Swiss giant reports full-year results and is expected to unveil its turnaround plan.
Bloomberg noted, "Thursday's strategy update may include a reorganization to streamline businesses. Navratil has signaled that he wants to focus on four core divisions — pet care, coffee, nutrition and health, and food and snacking — while centralizing functions such as marketing, an area the company did not invest enough in during years of short-term margin expansion."
Vontobel's Bertschy said, "It will be crucial that we receive an update on some of the under-performing units, how they want to reduce the net debt level and how they plan to accelerate the free cash flow. The market will look for a precise roadmap rather than another broad reassurance – a plan that is clearly underpinned by concrete actions, milestones and measurable commitments."
Tyler Durden
Wed, 02/18/2026 - 08:05

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Robust demand fuels auto loans
KARACHI: Robust demand further pushed outstanding auto loans for the 14th consecutive month to Rs328 billion in January, up from Rs319bn in December 2025.
The State Bank of Pakistan data revealed that consumers opted for more loans in January due to the change of model year and registration, as the growth in December 2025 was slightly slower than in November 2025.
Auto financing has been struggling to beat the peak of Rs368bn recorded in June 2022 when annual car sales volumes were around 240,000 units.
Auto sector expert Mashood Ali Khan said that the current trend shows consumers are increasingly leveraging bank financing to purchase vehicles, contributing to a gradual recovery in automobile sales despite prevailing economic challenges. This is a strong indicator that consumer demand still exists, and it only needs supportive policy to accelerate further.
The growth momentum comes primarily under the State Bank’s existing Rs3 million auto financing cap, enabling a large segment of middle-income consumers to access vehicle ownership. “I believe that the auto sector holds significantly greater potential if financing limits are revised upward to Rs6 to Rs7m.”
By doing this, the auto market will witness a substantial expansion, particularly in the sedan and mid-range vehicle segment, which remains largely inaccessible to financing-dependent consumers under current limits, he added.
“If financing ceilings are increased and interest rates continue to ease, Pakistan’s annual auto sales could potentially cross 200,000 units a year again,” he emphasised.
He said the small-car segment remains the primary beneficiary of financing due to its alignment with the SBP financing cap. A segment of consumers is also seeking to access sedans through partial financing combined with personal savings, highlighting the demand gap created by the current financing ceiling.
Banks are offering more flexible financing options, including comparatively lower markup rates, reduced down-payment requirements, and easier repayment structures. “This has supported recovery, but policy alignment is essential to unlock the sector’s full potential,” he said.
Raising financing limits, while supporting consumers, would also generate broader economic benefits, including industrial production growth, employment generation, vendor development, and increased government revenues through taxes and duties, he said.
He said continued interest rate moderation could further strengthen financing activity in the coming months. “I stress that revising financing limits remains the single most impactful policy intervention to accelerate growth,” Khan said.
Sales are likely to remain upbeat in view of a 137pc increase in imports of semi- and completely knocked-down kits by the local assemblers to $1.144bn in 7MFY26 from $706m in the same period last fiscal year.
Published in Dawn, February 18th, 2026

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Caroline’s sultry and soulful eyes are hooded and heavy-lashed.
“She’s straight out of central,” Paul Martin whispers, gazing at his star performer with admiration.
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Beef Industry Warns Consumers to Expect High Prices
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Beef Industry Warns Consumers to Expect High Prices
The beef industry is advising consumers to prepare for continued high prices, indicating that current market conditions are likely to persist.
Beef Industry Warns Consumers to Expect High Prices
The beef industry is advising consumers to prepare for continued high prices.
Beef Industry Warns Consumers to Expect High Prices
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ISLAMABAD: To salvage government credibility, Power Minister Awais Leghari on Thursday decided to honour all applicants of net-metering solar connections till the change of regulations on Feb 8 and directed electricity distribution companies (Discos), including K-Electric, for its implementation.
At a meeting of the Power Division’s attached entities, the minister was informed that 5,165 consumers had applied for net-metered connections by the cut-off date of Feb 8 — the day the National Electric Power Regulatory Authority (Nepra) notified the Prosumers Regulations 2026, replacing the net-metering framework with net billing and negatively affecting rooftop solar economics for households and industry.
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“All net metering applications minister on commerce and industry. He was later sworn in as the provincial minister for agriculture and cooperatives.
Meanwhile, Sardar Bhootani continued his legal fight and filed a petition against the ECP’s decision in the FCC. The court, after prolonged hearings, accepted the petition of Sardar Bhootani and reserved its verdict.
A day before the FCC was set to announce its verdict, Mr Zehri tendered his resignation. The next day, the FCC suspended Mr Zehri’s notification as the returned candidate from the Balochistan Assembly PB-21 constituency.
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As a minister, he had differences with CM Bugti and, after resigning, accused the chief minister of interfering in his constituency.
Published in Dawn, February 20th, 2026

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BusinessmarketwatchBusiness Insider4d ago2 sources DoorDash's CEO says he's got an edge on Amazon in groceries
DoorDash reported worse-than-expected fourth-quarter earnings on Wednesday.
Jeffrey Greenberg/Universal Images Group via Getty Images
DoorDash has a key advantage over Amazon in grocery delivery, CEO Tony Xu said Wednesday.
The delivery service offers a wider variety owing to its myriad partnerships with grocers, Xu said.
Amazon is ramping up its grocery delivery, creating more competition for DoorDash and Instacart.
DoorDash CEO Tony Xu says that his company's grocery offering has a key advantage over Amazon: choice.
Amazon is doubling down on grocery delivery, especially perishables like produce and ice cream. The retail and tech giant said last month that it's expanding same- and next-day grocery delivery to more parts of the US this year, adding to the thousands of towns and cities it already serves — news that sent shares of Instacart and DoorDash tumbling at the time.
DoorDash, though, has something that shoppers want and that Amazon isn't replicating, Xu said on the company's fourth-quarter earnings call on Wednesday.
Unlike Amazon, which owns Whole Foods and several of its own food brands, DoorDash works with existing grocery chains. The delivery service has struck deals in recent years. Last year, it expanded its partnership with Kroger and signed new deals with regional chains, including Schnucks in the Midwest.
Few customers complete all their grocery shopping at a single chain, Xu said. Many stop at multiple stores each week, especially to find specific fresh groceries, such as produce, meat, and seafood.
"Consumers prefer choice," Xu said on the call, adding that he expects there to "continue to be very strong interest in the DoorDash product" as a result.
DoorDash is also expanding its services for retailers, such as fulfillment through its DashMarts, convenience store-sized retail spaces designed for picking and delivering orders.
Xu said DoorDash is "doing that for every single grocer so that they have the capability to compete against companies like Amazon."
DoorDash shares rose as much as 14% in after-market trading on Wednesday, despite disappointing fourth-quarter earnings and guidance for 2026. The company's stock took its biggest one-day hit in November after it unveiled plans to spend hundreds of millions of dollars on tech improvements.
While DoorDash has become known for restaurant deliveries, its gig workers are increasingly making grocery deliveries — many of which make more financial sense for DoorDash.
Xu said DoorDash has attracted more big grocery orders from customers, not just small fill-in trips. That matters in the grocery industry, where grocers tend to make more money when customers buy a wider range of goods.
"People use us for both the quick runs as well as the stock-up use cases," he said.
Ravi Inukonda, DoorDash's CFO, said on the call that DoorDash's retail and grocery business expects to "be unit-economic positive" in the second half of 2026.
Have a tip? Contact this reporter at abitter@businessinsider.com or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
Read the original article on Business Insider

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Gen Z is taking over restaurant loyalty programs — and forcing brands to adapt
Lisa Werner/Getty Images
Gen Z now leads restaurant loyalty signups, reshaping rewards programs.
Survey data shows that diners will switch brands for better, faster loyalty perks.
QSR giants are doubling down on digital rewards to win Gen Z — and it's paying off.
Gen Z isn't just signing up for restaurant loyalty programs. They're raising the bar for how those programs have to work.
By 2024, nearly half of all new loyalty program signups came from Gen Z as the cohort overtook millennials as the most active generation in restaurant rewards programs for the first time, according to data from PAR Punchh, a loyalty program software from the foodservice tech company PAR Technology. That number has only increased as more and more of the generation, aged 14-29, start flexing their spending power.
"Gen Z isn't just participating," Savneet Singh, PAR's CEO, told Business Insider. "They're redefining loyalty."
National data backs up just how central these programs have become for this generation. Gen Z consumers make up a higher-than-average share of restaurant customers who say being a member of a loyalty or rewards program is important when choosing where to eat, the National Restaurant Association's 2026 State of the Restaurant Industry report showed.
That holds true across dining behaviors — whether they're eating in, ordering delivery, or grabbing takeout — and across segments, from drive-thru and limited-service chains to full-service restaurants.
Singh argues that the generational takeover is structural, not cyclical. Gen Z grew up with smartphones and came of age during a pandemic that turbocharged mobile ordering and digital payments. For them, digital ordering, real-time rewards, and seamless app experiences aren't just perks — they're table stakes.
"When loyalty is frictionless, Gen Z shows up," Singh said. "When it's clunky, they move on immediately."
Rewards programs are no longer optional
New survey data from PAR underscores the significance of loyalty programs for consumers. In a December report based on a survey of 1,000 US diners, nearly 70% said loyalty programs help them manage costs in today's inflationary environment. One-third said they're using restaurant loyalty programs more often because of economic pressure, and another third said their usage has held steady.
A good deal from a rewards program can make all the difference. One in four respondents said they'd switch to a less-preferred restaurant for better loyalty perks, and half said they compare offers before deciding where to eat.
How restaurants respond to that demand defines which formats resonate most with younger diners. PAR's platform data shows Gen Z over-indexing at quick-service restaurants like McDonald's and Taco Bell. In 2024, they accounted for more than a third of check-ins at QSR brands, compared with 20.8% at fast-casual restaurants like Chipotle and Panera Bread.
Singh said the appeal is execution: speed, price, convenience, and integrated loyalty perks in one place. Fast casual establishments, by contrast, can sit in "an awkward middle ground" — not as convenient as QSRs and not as experiential as full-service dining.
In a crowded landscape where PAR found that over half of consumers prefer managing no more than five loyalty accounts, clear value and seamless execution can determine which brands make the cut. And the chains that embrace the generational trend are already seeing the payoff.
Taco Bell delivered 7% same-store sales growth in the fourth quarter, driven in part by transaction gains, especially among younger customers. The Mexican chain's active loyalty members climbed 31% in 2025, and digital channels saw double-digit growth, as app-exclusive drops and rewards nudged its core customers to visit more often.
CEO Sean Tresvant told Business Insider earlier this month that "loyalty is going to continue to be a big story for us," adding that Taco Bell will be "really leaning into" its rewards strategy going forward.
McDonald's is also leaning heavily into digital engagement. On its fourth-quarter earnings call on Wednesday, CFO Ian Borden described active loyalty membership as the company's "single most important digital metric." McDonald's has about 210 million 90-day active loyalty users across 70 markets, and 46 million active users in the US, he added.
Borden said that, in the US, customers visited 10 and a half times in the year before joining the loyalty program — and 26 times in the year after.
"When we get consumers into our loyalty program, they visit more often, they spend more over time, and they interact with us more frequently, so they get more value in their interaction with us, and we get more value by them interacting with us," Borden said.
Starbucks also recently revamped its rewards program, bringing back its tiered system, extending the window for members to redeem their free birthday reward, and introducing a quicker-to-earn tier that lets customers redeem 60 Stars for $2 off any purchase — a move that lowers the barrier to instant gratification, which Singh said is particularly appealing to Gen Z.
That kind of immediacy matters. PAR's survey found that discounts and free items or upgrades remain the most influential rewards, while more than half of respondents said better reward value, such as a surprise free item after a large order, would prompt them to switch programs.
For Singh, the takeaway is clear: loyalty is less about points and more about performance. The brands that make participation effortless, deliver instant value, and respect privacy boundaries won't just win Gen Z — they'll define the next era of dining.
Read the original article on Business Insider

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I tried chicken tenders from 14 fast-food chains and ranked them from worst to best
I tried chicken tenders from 14 different fast-food chains and ranked them based on taste and value.
Erin McDowell/Business Insider
I tried chicken tenders from 14 different fast-food chains.
Chick-fil-A and KFC's chicken tenders were similar in their breaded texture.
Raising Cane's impressed me with its crispy yet juicy tenders and delicious signature sauce.
The fast-food chicken wars have entered a new battleground — now, it's all about the tender.
McDonald's launched its McCrispy Strips in May last year, marking the first time chicken strips have been on the menu since the COVID-19 pandemic.
Then, a few months later, Wendy's launched its own Wendy's Tendys and a lineup of six new sauces made for dunking.
"Consumers told us what they wanted in a chicken tender, and we listened — taste-tested, fine-tuned, and delivered," Lindsay Radkoski, Wendy's US chief marketing officer, told Business Insider.
I decided to compare chicken tenders from 14 fast-food chains across the country to see which were the best.
Here's how the tenders ranked, from worst to best, based on taste and value.
Of all the chicken tenders I tried, Whataburger's didn't completely wow me.
Erin McDowell/Business Insider
A three-piece chicken tender cost $7.48 at Whataburger at the location I visited in Austin.
The chicken tenders were large and perfectly fried.
Erin McDowell/Business Insider
I thought the tenders could only be described as "classic" — they weren't anything out-of-the-box, but I enjoyed them.
The meat inside was juicy, but I thought the fried coating could have had a bit more crunch.
Erin McDowell/Business Insider
The chicken tenders tasted good on their own, as well as with ranch dipping sauce. They weren't bad by any stretch of the imagination. However, I did think the other tenders I tried were slightly crispier and had just the slightest hint of more flavor in the batter.
Regardless, for a relatively low price, I'd definitely order these again.
I also ordered chicken tenders from Cook Out, a regional chain I visited in South Carolina.
Cook Out chicken tenders.
Erin McDowell/Business Insider
The three-piece "snack" cost $4.99, not including tax.
The chicken tenders were crispy on the outside.
Cook Out chicken tender.
Erin McDowell/Business Insider
They were also a good size. I thought the price was also a great deal for the generous portion I received.
However, there wasn't an abundance of chicken meat inside.
Cook Out chicken tender.
Erin McDowell/Business Insider
These were undeniably classic chicken tenders, similar to the ones from Whataburger, but they were a touch too fried for my liking. However, I thought they were well-seasoned and had a lot of peppery flavor.
Smashburger's chicken tenders were just slightly too fried for my liking.
Erin McDowell/Business Insider
An order of three chicken tenders from Smashburger costs $9.99, excluding tax and fees. I thought this was a little pricey.
The chicken tenders were heavily fried and bigger than other ones I tried.
Erin McDowell/Business Insider
The breading on the chicken tenders felt thick and crunchy.
The chicken tenders, overall, tasted dry, even when paired with sauce.
Erin McDowell/Business Insider
The chicken meat inside and the ranch dipping sauce provided could only do so much to offset the intense dryness of the crunchy breading.
The next time I order from Smashburger, I'll stick to the chain's beef offerings.
Next up were the crispy chicken tenders from Sonic Drive-In.
Erin McDowell/Business Insider
A five-piece order of chicken tenders cost $8.41, excluding tax.
The chicken tenders were evenly fried but on the thinner side.
Erin McDowell/Business Insider
Rather than thick and juicy like some of the other chicken tenders I tried, these were flatter. In fact, I'd say these were the thinnest and flattest tenders out of all the ones I tried.
I enjoyed the flavor of the seasoning, but there was a lot to be desired when it came to texture.
Erin McDowell/Business Insider
The chicken was on the drier side, and there simply wasn't a lot of it. I gravitate toward thicker, more shreddable chicken tenders, and these slightly missed the mark for me.
However, the flavor was definitely there — the breading had a peppery essence and the tenders were evenly fried.
My ninth favorite chicken tenders came from Popeyes.
Erin McDowell/Business Insider
A three-piece tender combo costs $16.89 before taxes and fees. The meal deal included a large serving of fries, a drink, and a biscuit, as well as a choice of dipping sauces.
The chicken tenders from Popeyes were crispy, flaky, and crunchy.
Erin McDowell/Business Insider
I really liked the crunchy exterior.
The meat inside was flaky and moist as well.
Popeyes chicken tender dipped in ranch sauce.
Erin McDowell/Business Insider
I also thought the batter was quite flavorful — I could taste hints of seasoning and buttermilk, although they weren't quite as buttery-tasting as the Chick-fil-A tenders.
However, this meal felt expensive for only three chicken tenders, even though they were large.
I thought the chicken tenders from Bojangles were flavorful and super crispy.
Erin McDowell/Business Insider
A four-piece chicken tenders combo, including fries, a medium drink, and a biscuit, cost me $10.49, excluding taxes and fees.
I thought the chicken tenders were a good size.
Erin McDowell/Business Insider
The texture and flavor of the breading made them taste like a cross between the chicken tenders from Chick-fil-A and Cook Out.
The breading was peppery, just the right thickness, and perfectly encased the juicy white chicken meat inside.
Erin McDowell/Business Insider
I also thought the price was fair, considering the amount of food I received. The chicken tenders paired perfectly with honey mustard but were also tasty on their own.
I would definitely order these again.
Wendy's is the latest chain to bring out chicken tenders.
Erin McDowell/Business Insider
Wendy's new tenders are available in a three-piece or four-piece option. I ordered a three-piece tender for $8.12, excluding tax and fees, at my local restaurant in Brooklyn, New York.
The tenders were about the same size as the ones from McDonald's, but crispier.
The breading was crunchier and thicker than some other chains.
Erin McDowell/Business Insider
However, I preferred the slightly thinner breading on the McDonald's and KFC tenders.
In terms of flavor, these tenders had a distinct peppery flavor that paired well with the new signature sauce introduced with the tenders' release.
These tenders were solid, and I'd order them again.
The breading was well seasoned, but I wanted more chicken.
Erin McDowell/Business Insider
However, the slight lack of chicken meat inside — at least compared to other chains — and the chunky breading prevented Wendy's tenders from ranking higher for me.
KFC's original recipe chicken tenders really impressed me with their taste and value.
Erin McDowell/Business Insider
I ordered a four-piece tender meal for $13.65, excluding taxes and fees, in Brooklyn, New York. I thought this was excellent value for the amount of food I received.
The tenders were well-breaded on the outside, though the breading wasn't as crispy or crunchy as others I tried.
Erin McDowell/Business Insider
The breading stuck closely to the chicken tenders, rather than having a thick or crunchy texture.
However, the chicken tenders paired well with the chain's honey mustard and new comeback sauce. The breading had a tasty, very peppery flavor to it that was unique compared to the other chicken tenders I tried.
The chicken tenders were flavorful and contained an impressive amount of white meat chicken.
Erin McDowell/Business Insider
However, the slightly less crispy texture of the breading meant they didn't come out on top when compared to the last six chains I tried.
McDonald's recently launched its new McCrispy Strips.
Erin McDowell/Business Insider
At my local McDonald's in Brooklyn, New York, three McCrispy chicken strips cost $10.99, excluding tax and fees.
The chicken strips were large and evenly coated in breading.
Erin McDowell/Business Insider
The chicken strips differed from the chain's buttermilk crispy tenders, which were discontinued in 2020 at the start of the COVID-19 pandemic.
Chicken tenders haven't been on the menu since, despite fans' pleas to bring them back.
The breading was relatively thin, but very crispy.
Erin McDowell/Business Insider
Unlike some flakier chicken tenders, each bite was evenly coated in well-seasoned, peppery breading. Inside, the chicken meat was thick and juicy.
Paired with the chain's creamy chili sauce, which was specifically created to go with the chicken strips, these packed a decent amount of flavor.
However, on their own, I thought they were just a touch blander than some of the higher-ranked tenders I tried.
Taco Bell released chicken strips after bringing out nuggets last year.
Erin McDowell/Business Insider
Taco Bell's chicken strips were available as part of three different kinds of tacos and burritos, or on their own with dipping sauce.
An order of four chicken strips and two sauces cost $9.14, excluding tax and fees.
The chicken strips were thick, juicy, and the ideal level of crispy.
Erin McDowell/Business Insider
The chicken strips were marinated in zesty jalapeño buttermilk and breaded with crispy tortilla chips and breadcrumbs, which is the same formula as the chain's chicken nuggets, which I ranked as my favorite across six chains.
The chicken strips packed a lot of flavor.
Erin McDowell/Business Insider
The breading was super flavorful, and I definitely got hints of tortilla chip. The chicken inside was also moist and juicy, while the breading remained crispy.
My only real complaint was that I wanted more than two.
Chick-fil-A's chicken tenders were perfectly crispy and juicy.
Erin McDowell/Business Insider
When it's not included in a meal deal, a three-piece chicken tender costs $9.69 at my nearest location in New York City. For a meal, the price bumps up to $17.35, excluding tax and fees.
Some of the chicken pieces looked slightly darker and more fried than others.
Erin McDowell/Business Insider
Small bits of fried breading were scattered on the outside, which I always love with chicken tenders.
The chicken tenders were nicely fried but still juicy on the inside.
Erin McDowell/Business Insider
When I dipped them in the chain's signature Chick-fil-A sauce, the experience was mouthwatering.
The chicken tenders were also great on their own, with the perfect balance of crispy breading and a delicious, briny flavor. The sauce just took them over the edge.
Wingstop's chicken tenders came in third place.
Erin McDowell/Business Insider
Wingstop recently revamped its chicken tenders, and I was excited to try them out.
The chain sells its chicken in various flavors, from original hot to hickory-smoked barbecue and mango habanero. However, I ordered these chicken tenders plain.
I ordered a five-piece chicken tender combo at my local Wingstop in Brooklyn, New York. It cost $15.39 and came with a drink, dipping sauce, and a regular side of fries.
The chain also sells four chicken tenders, which come with one dipping sauce, for $10.69, plus tax and fees.
The chicken tenders were large and well-breaded.
Erin McDowell/Business Insider
The chicken tenders were deep golden in color and evenly fried, with small clumps of fried breading adding even more texture to every bite.
These tenders were filled with real chicken.
Erin McDowell/Business Insider
The chicken tender easily tore apart with every bite, which is something I look for. The breading itself was slightly peppery, but not overly flavorful. They paired well with Wingstop's signature ranch — my favorite of any fast-food ranch — and the chain's honey mustard.
Wingstop delivered great classic tenders, though the breading didn't pack as much flavor as the top two chains I tried. Nevertheless, I'd definitely order these again.
My second favorite chicken tenders came from Zaxby's.
Erin McDowell/Business Insider
A five-piece chicken tenders combo came with fries, a small drink, coleslaw, and a piece of Texas toast. I also asked for a side of honey mustard and Zaxby's famous Zax sauce.
My meal cost $15.43, excluding taxes and fees.
The breading of the chicken tenders was similar to Chick-fil-A's in consistency, flavor, and texture, but I thought these ones had more meat.
Erin McDowell/Business Insider
The breading was crispy and flavorful, with a slight sweetness.
The chicken tenders held their own without sauce but were really taken to the next level when dipped in the tangy Zax sauce.
Erin McDowell/Business Insider
Zax sauce tastes similar to the Cane's sauce I tried from Raising Cane's, but I found it to be just ever-so-slightly less flavorful, and creamy. I also thought it didn't have the same kick.
However, the chicken tenders really impressed me. They were a good size, extremely flavorful, and addictingly delicious. I found myself craving even more than the five chicken tenders I was given, which is rare for me.
In the end, it was a really tough call on whether I preferred Zaxby's or Raising Cane's chicken tenders.
But my favorite chicken tenders came from Raising Cane's.
Erin McDowell/Business Insider
A combo that includes three chicken fingers, fries, Cane's sauce, Texas toast, and a regular drink costs $12.19, excluding tax and any additions or swaps.
The chicken tenders were super crispy.
Erin McDowell/Business Insider
The chicken tenders were also thick. After biting in, I could actually see the strips of white chicken underneath, which, in my experience, you don't always find with fast-food chicken tenders.
The chicken tenders were crispy and juicy on the inside — I had to give them the win.
Erin McDowell/Business Insider
I tried the tenders on their own and with the Cane's sauce. On their own, the tenders were simply everything one could ask for: thick, juicy, and crispy on the outside.
However, the chain is famous for its chicken-complementing sauce, and after biting in, I could definitely see why. It had a slight kick to it, and it was creamy and surprisingly tangy. It paired perfectly with the chicken and was unlike any other sauce I've ever tried.
In the end, Raising Cane's took home the win for me with the chain's near-perfect chicken tenders and fair prices.
Read the original article on Business Insider

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Futures, Global Markets Rise With US Markets Closed For President's Day
Futures, Global Markets Rise With US Markets Closed For President's Day
Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US yields touched the lowest since December on Friday.
The path of US interest rates remains in focus following Friday’s slower-than-expected US inflation print as traders fully price a Fed cut in July and the strong chance of a move in June.
“The backdrop for equities is positive post CPI,” said Andrea Gabellone, head of global equities at KBC Securities. At the same time, there could be “more dispersion ahead as sentiment around key AI-exposed sectors is still very critical,” he added.
That sentiment was echoed by other strategists seeking to distinguish between AI losers and winners.
A JPMorgan Chase & Co. team led by Mislav Matejka urged caution on stocks at risk of AI-driven “cannibalization,” including software, business services and media companies. Meanwhile, banks are developing baskets to capitalize on the divergence: as we first reported last Thursday, Goldman launched a new basket of software stocks that goes long firms that will benefit from AI adoption, while shorting the companies whose workflows could be replaced.
With AI disruption rippling through markets, a lot will come down to earnings resilience, in particular in the US.
“When you look at the current earnings season, the companies are showing 13% of growth,” Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan, told Bloomberg TV. “Overall, this is the reason why we continue to be positive on the S&P.”
Later this week, traders will be watching for ADP private payrolls numbers on Tuesday and the minutes from the Fed’s January meeting on Wednesday for a fresh read on the economy.
European stocks gained with bank shares rebounding, after posting their biggest weekly decline since April on worries about disruption from artificial intelligence. The basic resources sector lags, with Norsk Hydro among Europe’s worst performers as both Goldman Sachs and RBC downgrade the stock. Stoxx 600 rises 0.4% to 620.26 with 253 members down, 336 up, and 11 unchanged. Here are some of the biggest movers on Monday:
NatWest shares rise as much as 4%, the most since October, as Citi analyst Andrew Coombs raises his price target on the UK bank to a Street-high.
Seraphim Space shares rise as much as 9.2%, briefly hitting a new all-time high, after the space tech investment firm said the valuations of its four largest holdings increased over the final months of 2025.
AECI shares rally as much as 6.1%, the most since July, after the South African commercial-explosives maker shared improved 2025 headline earnings per share guidance.
Orsted shares rise as much as 3.8% after analysts at Kepler raise the recommendation to buy from hold over the Danish renewable energy firm’s outlook, despite ongoing uncertainty for the industry in the US.
Norsk Hydro shares fall as much as 4.4%, extending Friday’s 5.9% earnings-triggered drop, after being downgraded at Goldman Sachs and RBC over disappointments and pricing pressures in the Norwegian aluminum company’s downstream business.
Galderma shares slip as much as 2.2% after naming Luigi La Corte as its new chief financial officer following the news back in July that Thomas Dittrich was departing.
Pinewood Technologies shares tumble as much as 32%, the most since April 2024, after Apax Partners said on Friday it will not proceed with a possible cash offer for the car dealership software provider.
FlatexDEGIRO shares drop as much as 7.2% after BNP Paribas downgraded the online brokerage firm to neutral from outperform, saying the price reflects too much optimism about its market position in Germany.
Maurel & Prom shares slump as much as 12%, pulling back after ending last week at a 2015-high, after announcing it is not currently authorized to resume oil and gas operations in Venezuela.
Barratt Redrow shares fall as much as 3.7%, leading a drop in British homebuilders after Rightmove said house prices are stalling.
Asian stocks slipped for a second day, led by declines in Japan as traders booked profits after last week’s post-election rally. Several markets were closed or held shortened trading sessions for the Lunar New Year holiday. The MSCI Asia Pacific Index was down 0.1%. Japan’s Topix Index fell 0.8%, with Mizuho Financial Group Inc. and Toyota Motor Corp. among the companies contributing to the index’s losses.In Hong Kong, AI model developer Minimax Group Inc. surged as much as 30% to more than four times its original listing price, while competitor Knowledge Atlas JSC Ltd. ended 4.7% higher. The market will be closed until Thursday. As investors across the region begin to reevaluate their bets on its artificial-intelligence-driven rally, traders in Japan cashed in gains driven by expectations of Prime Minister Sanae Takaichi’s proactive spending policies last week.Trading in Singapore ended early Monday and will be shut until Wednesday. Equity markets in mainland China, South Korea, Indonesia and Vietnam were closed.
In FX, the yen is the notable mover in currencies, weakening 0.5% against the dollar and pushing USD/JPY back above 153. The offshore yuan is one of the better performers against the greenback. The Bloomberg Dollar Spot Index rises 0.1%.
There is no cash trading in Treasuries due to the Presidents’ Day holiday. European government bonds are little changed
In commdities, gold dipped below $5,000 an ounce, as traders booked profits from a gain in the previous session. Bitcoin tried anf ailed to stage a modest rebound; it last traded around $68,275 after posting its fourth consecutive weekly loss, with the cryptocurrency struggling to find clear direction as a weekend rally fizzled once the momentum ignition algos emerged. WTI crude futures tread water near $62.90 a barrel.
Top Headlines
President Trump said there will be voter ID rules in the mid-term elections this year, whether Congress approves it or not, and they will present a legal argument in an Executive Order. Furthermore, Trump said he has searched the depths of legal arguments not yet articulated nor vetted on this subject, and they will be presenting an irrefutable one in the very near future.
Iran says potential energy, mining and aircraft deals on table in talks with US: RTRS
Pentagon threatened to cut its ties with Anthropic over the company’s insistence that some limitations are kept on how the military uses its AI models: RTRS
UK eyes rapid ban on social media for under 16s, curbs to AI chatbots: RTRS
Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis: BBG
Warner Bros. Weighs Reopening Sale Negotiations With Paramount: BBG
Companies Are Replacing CEOs in Record Numbers—and They’re Getting Younger: WSJ
Europe aims to rely less on US defence after Trump's Greenland push: RTRS
DOJ Tells Lawmakers Epstein File Redactions Complied With LawL BBG
For College Applicants, Pressure to Make Summers Count Has Gotten Even Worse: WSJ
Fed's Goolsbee (2027 voter) said on Friday that they are still seeing pretty high services inflation, and he hopes they have seen the peak impact of tariffs, while he added that the job market has been steady, with only modest cooling.
The Break Is Over. Companies Are Jacking Up Prices Again: WSJ
Trade/Tariffs
USTR Greer said the US and Ecuador expect to sign a trade agreement in the coming weeks.
China will waive import value-added taxes on selected seeds, genetic resources, and police dogs through to 2030 to increase agricultural competitiveness and breeding capacity. It was also reported that China will grant zero-tariff access to 53 African nations from May 1st, according to Bloomberg.
Chinese Foreign Minister Wang Yi told his French and German counterparts that China and the EU are partners, not rivals, while he added that China and the EU should manage differences, deepen practical cooperation and work together on global challenges.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks began the week in the green but with gains limited following a lack of major fresh catalysts from over the weekend and amid thinned conditions owing to holiday closures in the region and North America. ASX 200 traded marginally higher with upside led by tech, although gains are capped by underperformance in the utilities, mining, materials and resources sectors, while participants also digested a slew of earnings releases. Nikkei 225 traded indecisively with the index constrained by disappointing Japanese preliminary Q4 GDP data, which showed the economy returned to growth but failed to meet expectations with GDP Q/Q at 0.1% (exp. 0.4%), and annualised GDP at 0.2% (exp. 1.6%). Hang Seng finished higher in a shortened trading session on Chinese New Year's Eve but with upside limited by tech weakness amid some confusion after the Pentagon added several companies including Baidu, Cosco, BYD, Huawei, Nio, SMIC, Tencent, and more to a list of Chinese firms aiding the military on Friday, but then withdrew the updated list shortly after it was posted. Furthermore, price action was also restricted by the closure of mainland markets and the absence of stock connect flows, which will remain shut for more than a week. US equity futures kept afloat in quiet trade amid the absence of drivers and participants. European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 0.4% on Friday.
Asian Headlines
Chinese President Xi called for the anchoring of economic growth around domestic demand as its main driver, in a speech during a key policy meeting late last year that was released on Sunday.
China is to establish a permanent financial support framework to promote rural revitalisation and prevent a slide back into poverty, which represents a shift from transitional aid to long-term support.
China’s market regulator summoned major online platform companies on Friday, including Alibaba, Douyin and Meituan, while it directed them to comply with laws and regulations, and rein in promotional practices, according to Bloomberg.
US Secretary of State Rubio and Japanese Foreign Minister Motegi reaffirmed their commitment to deepen bilateral ties.
Disney (DIS) sent a ‘cease and desist’ letter to ByteDance over Seedance 2.0 and alleged that ByteDance has been infringing on its IP to train and develop an AI video generation model without compensation, according to Axios. It was later reported that ByteDance said it would curb its AI video app following Disney's legal threats, according to the BBC.
RBI tightened rules for loans provided to brokers and proprietary firms in an effort to reduce market speculation
FX
DXY eked slight gains in rangebound trade after a lack of major catalysts and with US participants away on Monday.
EUR/USD was little changed amid the absence of any major macro catalysts and with light newsflow from the bloc, while comments from ECB President Lagarde and news that the ECB is to make its repo backstop available to other central banks across the world, did little to spur price action.
GBP/USD held on to most of Friday's spoils but with price action contained by resistance around 1.3650 and following comments from BoE's Mann that the UK economy is sluggish and tepid, with consumers spending less due to being scarred by high inflation.
USD/JPY edged higher and returned to above the 153.00 level in the aftermath of the weaker-than-expected preliminary Q4 GDP data for Japan.
Antipodeans were mixed with little fresh macro drivers and a lack of tier-1 data from either side of the Tasman.
Fixed Income
10yr UST futures traded little changed and held on to last week's spoils after returning above the 113.00 level in the aftermath of the softer US inflation data, while price action was contained to start the week by the closure of US cash markets for Washington's Birthday.
Bund futures lacked demand in the absence of any major catalysts and with light newsflow from the bloc.
10yr JGB futures were marginally higher following disappointing preliminary GDP data for Q4, but with gains limited after failing to sustain a brief reclaim of the 132.00 level.
Commodities
Crude futures were rangebound amid light energy-specific newsflow from over the weekend and after last Friday's indecisive performance, where attention was on a source report that noted OPEC+ is leaning towards resuming oil output hikes from April, but with no decision made.
Slovak PM Fico said he has information that the Druzhba pipeline has been fixed after damage in Ukraine, although he believes that supplies to Hungary and Slovakia have become a part of political blackmail.
Spot gold took a breather after edging higher in the aftermath of the recent softer-than-expected US inflation data, with price action also contained by the holiday closures across Asia and North America.
Copper futures were subdued, with their largest buyer away for more than a week due to the Chinese New Year/Spring Festival holiday.
Texas venture-backed startup Hertha Metal vowed mass production of steel with 25% cost savings, which could reduce US reliance on imports.
Geopolitics: Middle East
US military is preparing for potential operations against Iran that could last for weeks if US President Trump orders an attack and the US fully expects Iran to retaliate, according to sources cited by Reuters.
US President Trump told Israeli PM Netanyahu during a meeting in December that he would support Israel striking Iran’s ballistic missile program if the US and Iran are not able to reach a deal, according to CBS.
Iran confirmed that indirect talks between the US and Iran will resume in Geneva on Tuesday under the mediation of Oman, while Iranian Foreign Minister Araghchi left for Geneva on Sunday.
Iranian diplomat said Iran is open to nuclear deal compromises if the US discusses lifting sanctions, while it was also reported that Iran said potential energy, mining and aircraft deals are on the table in talks with the US.
Israel’s cabinet approved the proposal to register West Bank lands as ‘state property’, while Palestinians condemned the ‘de facto annexation’ which Peace Now said likely amounts to a ‘mega land grab’.
Geopolitics: Ukraine
US President Trump said on Friday that Ukrainian President Zelensky is going to have to get moving and that Russia wants to get a deal.
US Secretary of State Rubio said they don’t know if Russia is serious about finding an end to the war in Ukraine and will continue to test it, while it was reported that he met with Ukrainian President Zelensky on security and deepening defence and economic partnerships.
Ukrainian drones targeted Russia’s Taman seaport and fuel tanks in the Black Sea region.
UK and European allies were reported on Friday to be weighing seizing Russian shadow fleet ships and tightening curbs on Russia's economy.
French Foreign Minister Barrot said some G7 nations have expressed a willingness to proceed with a maritime services ban on Russian oil, which they hope to include in the 20th sanctions package that they are actively preparing.
Geopolitics: Other
European Commission President von der Leyen said that they face the very distinct threat of outside forces trying to weaken their union, while she added that mutual defence is not an optional task for the European Union; it is an obligation within their own treaty, and it is their collective commitment to stand by each other in case of aggression.
Pentagon said the US military struck an alleged drug cartel boat in the Caribbean, which killed three people.
DB's Jim Reid concludes the overnigt wrap
I hope you all had a good weekend. To stay in Winter Olympics mood the family watched "Cool Runnings" last night. I haven't seen it for 32 years. Please don't tell anyone but I had a few tears in my eyes at the end. I blamed it on the hay fever that has now started.
There will be a lot of tears out there in markets for other reasons at the moment. Just two weeks ago, the idea of AI-driven disruption still felt like an abstract, almost academic thought experiment—something we could safely revisit once we had clearer evidence of how AI would be deployed and integrated across the economy. Fast forward 14 days, and markets have wiped out well over a trillion dollars of global equity value on the fear that AI could fundamentally reshape business models and compress profitability across a wide range of industries, including software, legal services, IT consulting, wealth management, logistics, insurance, real estate brokerage and commercial real estate.
Some of the sell off in “old economy” sectors feels overdone to me. But as I argued in our 2026 World Outlook back in November, the real challenge is that even by the end of this year we still won’t have enough evidence to identify the structural winners and losers with confidence. That leaves plenty of room for investors’ imaginations—both optimistic and pessimistic—to run wild. As such big sentiment swings will continue to be the order of the day.
My instinct is that the reaction in things like commercial real estate, for example, has been particularly exaggerated. Markets seem to be extrapolating a scenario in which vast numbers of white collar workers are made redundant almost overnight, leading to a dramatic collapse in office demand. If that view turns out to be correct, we’ll be facing societal challenges far larger than anything currently being priced into equities. While trying to catch a falling knife may be too risky for many, beginning to cushion the descent could be sensible in many old economy sectors. Markets can’t sustain a disruption narrative across multiple sectors for months or quarters without concrete evidence — and that evidence is likely to take much longer to emerge. Fascinating times.
As for this week, today is a US holiday but inflation will remain in the spotlight at a global level after Friday's slightly softer US CPI which helped contribute to a decent rates rally to end the week. Prints are due in the US (PCE - Friday), the UK (Wednesday), Canada (Tuesday) and Japan (Friday). Other economic highlights will include the FOMC minutes (Wednesday), Q4 GDP in the US (Friday), as well as the global flash PMIs (Friday). Earnings reports will feature Walmart (Thursday), Nestlé (Thursday) and BHP (today). It's the earnings calm before next week's Nvidia storm.
In the US, this holiday shortened week (President's Day today) features a data calendar dominated by releases that were pushed back by last year’s government shutdown. The most consequential updates will land on Friday, when the advance estimate of Q4 GDP arrives alongside December’s personal income and consumption figures—key inputs for shaping expectations for the early part of this year.
For markets assessing the underlying pulse of demand heading into 2026, private final sales to domestic purchasers (PFDP) will carry more weight than the headline GDP print. This indicator—closely monitored by Fed Chair Powell—is expected by our economists to slow to 2.0% from 2.9% in Q3, though risks appear tilted upward. One swing factor: Wednesday’s durable goods report, where modest gains outside of transportation could soften the deceleration. On the consumer front, real PCE growth is expected to cool to 2.5% after two quarters of outsized strength but should still signal ample momentum heading into the new year.
Friday’s income and spending report will also offer the latest reading on core PCE, the Fed’s preferred inflation gauge. Our economists expect another 0.4% monthly increase for December, lifting the year over year rate to 2.9%. Updated seasonal factors from last week’s CPI release suggest some mild downward pressure on inflation trends in the second half of 2025. Still, January’s CPI data, although softer than we anticipated, do not translate into equivalent relief for core PCE—in fact, our team currently sees another 0.4% gain for January's release (delayed until March 13th). Depending on the strength of medical services, airfare, and portfolio management components in the upcoming PPI report, a 0.5% monthly rise cannot be ruled out, which would push the year over year rate toward 3.1%. So don't get too excited about the softer CPI last week and the huge rates rally.
Additional releases this week will help clarify whether recent severe winter weather has disrupted factory sector activity. January industrial production, due Wednesday, should benefit from a jump in utility output, while weather effects may weigh on the Empire State Survey tomorrow and the Philadelphia Fed survey on Thursday.
Labor market data will also be in focus, particularly Thursday’s jobless claims, which line up with the survey week for the February employment report. As our economists have pointed out, private nonfarm job gains have averaged 103k over the past three months, slightly above the pace at this point in 2025 and matching the start of 2024. See their latest US employment chartbook here.
This week will also feature a dense lineup of Federal Reserve speakers which you can see alongside all the key global data in the day-by-day week ahead calendar at the end as usual.
Moving away from the US, inflation will also be in focus in Japan (Friday) and Canada (tomorrow). For the former, our Chief Japan Economist sees the January nationwide CPI showing a slowdown in both core CPI inflation ex. fresh food to 2.1% YoY (+2.4% in December) and core-core CPI inflation ex. fresh food and energy to 2.7% (+2.9%). Also important will be the global flash PMIs due on Friday as a health check on global growth. In Europe, the spotlight will be on UK inflation (Wednesday), with labour market data due tomorrow and retail sales on Friday. Our UK economist expects headline CPI inflation to drop to 3.0% YoY (3.4% in December) and core CPI also landing at 3.0% YoY (3.2% YoY). See more in his full preview here. In terms of key rate decisions, the RBNZ are expected to remain on hold on Wednesday.
Finally, the Munich Security Conference wrapped up over the weekend, where key topics included Ukraine, Russia, and the fate of Greenland. And while US Secretary of State Marco Rubio’s speech was nothing like Vice President JD Vance’s at last year’s conference, which triggered a “wake-up” call for European leaders, Rubio reiterated the administration’s view that Europe needed to leave behind its focus on energy policies, trade and mass migration.
Recapping last week now, the tech volatility that has dogged markets since the start of the month broadened into a far more indiscriminate sell-off. The trough came on Thursday, marked by a sharp drop in software stocks, but the weakness extended well beyond tech. Companies across wealth management, real estate and financials suffered double digit declines, underscoring how widespread the pullback has become. Market breadth confirmed this shift as the equal weighted S&P 500 fell -1.37% on Thursday, though it managed to finish the week up +0.29% (+1.04% on Friday). Ultimately, the sell-off left the major US indices on the back foot: the S&P 500 slipped -1.39% (+0.05% on Friday), the Nasdaq lost -2.10% (-0.22% on Friday), and the Magnificent 7 slid -3.24% (-1.11% on Friday).
Although the AI scare dominated sentiment, a heavy slate of US data also shaped the market narrative. Early in the week, softer prints—including flat December retail sales, a dovish Q4 Employment Cost Index, and slower Q4 growth expectations from the Atlanta Fed—pushed Treasury yields lower across the curve. That picture shifted midweek after a stronger than expected January jobs report, which delivered the largest gain in nonfarm payrolls (+130k vs. +65k expected) since December 2024 and reinforced confidence that the US economy carried solid momentum into 2026. Then on Friday, January CPI came in below expectations, adding another dovish note. Although the data offered mixed signals at times, the overall takeaway was sufficiently dovish for traders to increase the number of expected rate cuts by December 2026 to 63.4bps (+7.7bps on the week). This helped drive the largest weekly drop in the 10 year Treasury yield since August 2025, down -15.8bps (-5.0bps on Friday) to 4.05%. The 2 year yield also moved sharply lower, falling -8.9bps to 3.41% (-4.8bps on Friday), its lowest level since 2022.
European markets, meanwhile, delivered a comparatively resilient performance. The STOXX 600 (+0.09%, -0.13% Friday), DAX (+0.78%, +0.25% Friday) and FTSE 100 (+0.74%, +0.42% Friday) all posted modest gains for the week. European sovereign bonds rallied as well, with the 10 year bund yield dropping -8.7bps—its steepest weekly decline since April 2025. That move was outpaced by gilts, which fell -9.8bps (-3.6bps on Friday) despite a sharp early week sell-off triggered by renewed questions surrounding Prime Minister Keir Starmer’s position.
Elsewhere, performance was mixed. Brent crude edged down -0.44% (+0.34% on Friday), while gold extended its upward run, rising +1.56% (+2.43% on Friday).
Will London’s half term week finally give us a quiet week in 2026? You’d probably have to guess at ‘unlikely’.
Tyler Durden
Mon, 02/16/2026 - 09:40

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