Morningstar, Inc. (MORN) shares fell 2.02% to $150.13 despite the company announcing new integrations with Microsoft’s Copilot tools. The stock declined steadily during morning trading before recovering modestly from its intraday low. The integrations cover Microsoft 365 Copilot, Copilot Studio, Excel, Copilot Chat and other business applications. Morningstar designed the products for asset managers, wealth managers, advisers, and financial services companies. Users can access research without leaving their existing Microsoft work environments. The company aims to shorten the process between reviewing financial data and making investment decisions. Morningstar also expects the tools to support research, reporting, portfolio analysis and client services. The company did not disclose financial terms or expected revenue from the collaboration. Morningstar’s federated Copilot connector uses Model Context Protocol to connect research with workplace applications. The connector can combine Morningstar information with a financial firm’s internal datasets. Users can retrieve Morningstar information through Copilot Chat, Copilot in Excel, and Microsoft’s Researcher agent. Morningstar also developed a dedicated agent for Microsoft 365 Copilot. The Morningstar plugin for Copilot Cowork focuses on fund screening, comparison, and analysis.