Wells Fargo raises MARVELL (MRVL.O) PT to $310 from $240.

China’s Ministry of Industry and Information Technology (MIIT) has drafted an Action Plan to strengthen supply–demand matching for spatio-temporal information terminals and promote integrated applications and plans to issue it this year. MIIT deputy director Shi Huikang said the Beidou satellite navigation system is a key space information infrastructure: by end-2025 domestic Beidou‑compatible chips and modules had cumulative shipments of nearly 2.6 bln units, the installed base of Beidou‑capable terminal products exceeded 2.2 bln devices/sets, and the satellite navigation industry’s 2025 output totaled 629.0 bln yuan, up 9.24% YoY.

据英国金融时报：壳牌(SHEL.N)已就其美国化工资产出售事项收到潜在买家的兴趣，交易规模可能达到80亿美元。壳牌已吸引包括埃克森美孚和利安德巴塞尔在内的潜在竞购方兴趣。