Europe wants a say in Ukraine peace plan

European defense stocks jump
On Monday, the Stoxx Europe Aerospace & Defense index hit a record and shares of Europe defense companies, such as Renk Group and Saab, jumped. They were juiced by European Union President Ursula von der Leyen saying at the Munich Security Conference that member states will be allowed to increase their spending on defense and security without breaching the bloc’s rules on budget deficit spending.

Another high for the Stoxx 600
U.S. markets were closed Monday for the Presidents’ Day break. The pan-European Stoxx 600 index rose 0.54%, regaining lost ground from Friday to close at another record high of 555.42 points. U.K. and euro area bond yields were broadly higher as traders weighed the potential for higher national defense spending following the Munich Security Conference.

Trump-related terms in earnings calls
U.S. companies are fielding growing questions on how U.S. President Donald Trump’s policies on international trade, immigration and diversity will affect business. A CNBC analysis shows words related to those issues are increasingly popping up on the earnings calls of S&P 500-listed companies. Here’s how companies are responding to queries around Trump-related words, such as “tariff,” “DOGE” and “Gulf of America.”

[PRO] Stocks to short: Wolfe Research
Major U.S. benchmarks ended last week in the green to close near their all-time highs. What’s more, this charge forward isn’t led by tech this time, signaling a broadening rally, as CNBC’s Bob Pisani notes. Amid this advance, there are some stocks that may be overextended to the upside, making them prime targets for investors to short, according to Wolfe Research.

In a series of interviews at France’s Artificial Intelligence Action Summit, leaders of several major tech companies told CNBC that the emergence of DeepSeek demonstrates that China can’t be counted out as a serious player when it comes to AI innovation. “Imagine if there were only two countries in the world that could build electricity at scale. That’s sort of how you have to think about it,” Chris Lehane, chief global affairs officer at OpenAI, told CNBC.

Still, tech bosses largely agreed that even though DeepSeek’s breakthrough shows China being further along in the global AI race than previously thought, the threat it poses to OpenAI remains limited for now. “I think the short answer everyone should take is: game on — but large models still really matter,” Reid Hoffman, a co-founder of LinkedIn and partner at the venture capital firm Greylock Partners, told CNBC.