(https://www.marketwatch.com/story/apple-reclaims-title-of-worlds-largest-company-after-historic-stretch-of-outperformance-92920ab6?mod=mw_rss_topstories) world's largest company status on a monthly performance streak that looks like vindication. But the mechanics reveal structural vulnerability: Apple's net margin of 26.6% sits well above consumer staples peers—UNH at and CVS at —yet that premium is precisely what tariff headwinds will compress.

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