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Packaging Corp. of America is a manufacturer of containerboard and corrugated products. It is the third-largest producer of containerboard products and corrugated packaging, as well as a leading producer of uncoated freesheet paper in North America. The company produces various corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods. PKG also produces multicolor boxes and displays for packaged retail products and meat boxes and wax-coated boxes for agricultural suppliers. Packaging Corp. of America was founded in 1867. It operates seven mills and 86 corrugated products plants and related facilities. The company has approximately 15,400 employees. The shares are a component of the S&P 500.

Stocks are up at midday on Wednesday though losing some steam as the morning goes on. The Fed is meeting and Chairman Powell will speak at 2pm ET to review where the Fed stands on the economy and rates. The U.S. and China will meet to discuss trade between the two countries this weekend. Earnings are still driving individual stock prices. The yield on the 10-year Treasury note is 4.28%. Oil is at $59 per barrel.

Coupang is South Korea’s largest e-commerce platform that sells both owned and third-party inventory. Headquartered in the US, Coupang operates e-commerce businesses mainly in South Korea and Taiwan. The company has built an integrated logistics network that covers the entirety of South Korea, with extensive fulfillment centers that ensure timely delivery, even for orders placed seconds before midnight. Outside of its bread-and-butter e-commerce business, Coupang has expanded into provision of its Rocket delivery services to third-party merchants (fulfillment and logistics by Coupang), online grocery delivery Rocket Fresh, online meal delivery (Eats), e-commerce in Taiwan, luxury e-commerce (Farfetch), and travel.

BorgWarner is a tier one supplier of turbo and thermal management technologies, drivetrain systems, powerdrive systems, and battery and charging systems mostly to automotive original equipment manufacturers. Its products aim to move a vehicle with as few electrons as possible, resulting in cleaner, cost-optimized, and more-efficient vehicles. Foundational products, the combustion vehicle business, contributes more than 80% to group revenue while BorgWarner transitions to becoming an electric vehicle-centric parts supplier (e-business). In 2023, 25% of the company’s revenue was sourced from Volkswagen and Ford. Revenue is well diversified geographically, with approximately a third each generated in North America, Europe, and Asia.