Editorial companion

What stands out

Shares of Lululemon plunged after management revealed mainland China revenue fell 2% in the second quarter on a currency-adjusted basis, a sharp reminder that geographic concentration can flip a growth story overnight. Adobe made a different kind of splash by naming Anil Chakravarthy to take over as chief executive officer on Dec. 1 while investors debate whether generative artificial intelligence (AI) will undercut Adobe’s pricing power. These headlines matter because leadership changes and region-specific softness can reprice long-duration growth faster than quarterly results.