Now, who wants to analyze the market impact of post-tariff duty refunds on the Q1 2026 toy sector?… The scent of spiced apple cider and industrial-strength boot polish hung heavy in the air of the North Pole’s main common room. Gathered around a roaring fire, a dozen or so Santa Clauses—each identifiable by a slight variation in beard length or belt buckle sheen—were taking a rare coffee break. It was late November, and the pre-flight checklists were getting intense. “Right, let’s nail down the logistics for this year,” boomed Santa #4 (Logistics), adjusting his spectacles. “First thing: health and safety. We’re well into late 2025 now. We’re past the official pandemic phase, but there are still hotspots. Given the latest strain, HK.3, and its R-naught value of around 1.8…” Santa #7 (Snack Enthusiast), polishing off a massive ginger snap, waved a dismissive hand. “We’re all boosted, aren’t we? I had the bivalent shot—the one targeti...