Key News
1. Swedish media reports that Alecta, Sweden's largest pension fund, has sold off the vast majority of its holdings of US Treasury bonds, with the sale amounting to approximately 70-80 billion Swedish kronor (7.7-8.8 billion USD).
Stock News
1. Spot gold hit a new record high, with US gold and silver stocks showing strong pre-market performance.
2. Netflix (NFLX.O) provided weaker-than-expected Q1 earnings guidance and suspended share buybacks.
3. Berkshire Hathaway (BRK.A.N, BRK.B.N) may sell a 27.5% stake in Kraft Heinz (KHC.O), which fell nearly 6% pre-market.
4. Rio Tinto (RIO.N) reported strong growth in iron ore and copper production in Q4.
5. Johnson & Johnson (JNJ.N): The company's fourth-quarter sales were $24.6 billion, a 9.1% year-over-year increase; adjusted earnings per share were $2.46.
6. USA Rare Earth (USAR.O) announced it will launch a 3,750-tonne-per-year plant in France through a European light rare earth metals company to produce metals.
7. OpenAI CFO: Construction of the Stargate campus is more than halfway complete.
