{"version":"1.0","provider_name":"Brakke\u54a8\u8be2\u7f51\u7ad9","provider_url":"https:\/\/brakkeconsulting.com\/zh","title":"News from Brakke Consulting","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"Yl5kkpx01Y\"><a href=\"https:\/\/brakkeconsulting.com\/zh\/brakke-viewpoint-january-16-2026\/\">\u5e03\u62c9\u514b\u89c2\u70b9 \u4e00\u6708 16, 2026<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/brakkeconsulting.com\/zh\/brakke-viewpoint-january-16-2026\/embed\/#?secret=Yl5kkpx01Y\" width=\"600\" height=\"338\" title=\"\u300a Brakke Viewpoint January 16, 2026 \u300b\u2014Brakke Consulting Website\" data-secret=\"Yl5kkpx01Y\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/brakkeconsulting.com\/wp-includes\/js\/wp-embed.min.js\n\/* ]]> *\/\n<\/script>","description":"As Bob Seger said, \u201cThere I go, turn the page\u201d,\u00a02025 is behind us and hope springs eternal for 2026. But\u00a0let\u2019s\u00a0not completely turn our\u00a0backs\u00a0on 2025. The annual reporting cycle will begin in late January or early February. Our analysis of company performance shows that the industry will post mid-single digit revenue growth\u00a0along the lines of\u00a0historical rates. Despite the solid revenue growth, the investment returns for the publicly traded companies\u00a0largely lagged\u00a0benchmark indices. The S&amp;P 500 and Dow Jones Industrials posted growth of 16% and 13%, respectively,\u00a0whereas\u00a0the Petcare ETF showed growth of only 1%. Now, it should not be lost that the returns for the S&amp;P 500 are dominated by the \u201cMagnificent 7\u201d stocks. While in total the S&amp;P 500 posted growth of 15%, estimates\u00a0indicate\u00a0that the growth would be about half of that if you excluded the MAG 7, which\u00a0is\u00a0fueled by the investment in AI. Toward the end of 2025, the markets saw a rotation out of the MAG 7 into smaller\u00a0stocks,\u00a0especially as the interest rate environment continues to be more favorable. Animal health company stocks should have a better year in 2026, especially those companies who are in the\u00a0early stages\u00a0of an innovation cycle.\u00a0In fact, we will talk about company performance and innovation at our Industry Overview presentations at VMX and WVC. See you there. Randy Freides"}