Summary: Geopolitical instability caused by two wars and increased demand for weapons is leading to a surge in employment in the global defense industry, with U.S. and European defense companies hiring tens of thousands of people at the fastest pace since the Cold War era.
Full articleSummary: Costco is now selling Whataburger's famous ketchup, both Fancy and Spicy options in 40-ounce bottles for $9.99, creating excitement among customers.
Full articleSummary: Boeing CEO Dave Calhoun to apologize for safety failures and problems with safety culture in Senate testimony, denies claims of retaliation against whistleblowers, expresses commitment to address issues and empower employees to speak up.
Full articleSummary: Elon Musk has announced that he is working on Tesla Master Plan part four, as a continuation of the company's previous Master Plans which focused on sustainable transportation and energy solutions.
Full articleSummary: Meta, the parent company of Facebook and Instagram, has decided to delay the launch of Meta AI in Europe due to regulatory demands. The company's aggressive stance against EU data protection concerns has led to an impasse, with Meta emphasizing the need to train its AI models on European information to provide a quality user experience.
Full articleSummary: McDonald’s is ending the test run of its AI drive-through technology partnership with IBM in more than 100 restaurants, but is not ruling out potential AI drive-through plans in the future, exploring voice ordering solutions more broadly. Franchisees have expressed frustration with the current technology's accuracy and operating costs, leading to speculation that Google could replace IBM as McDonald's AI vendor.
Full articleSummary: Atlanta's original World of Coca-Cola museum is being demolished to make room for more parking space due to the need for additional parking around Capitol Hill. A newer and more expansive World of Coca-Cola has already replaced the original museum as the center of attraction in Centennial Olympic Park.
Full articleSummary: McDonald's will stop using AI for drive-thru orders, exploring voice ordering solution with IBM after a failed partnership.
Full articleSummary: McDonald's will stop using AI for drive-thru orders by end of July and aims to explore voice ordering solutions, ending partnership with IBM on AOT.
Full articleSummary: NextEra Energy Inc plans to sell $2 billion of equity units, with anticipated net proceeds of approximately $1.94 billion for investments in energy and power projects and other corporate purposes.
Full articleSummary: Colgate-Palmolive's stock price reached a new 52-week high, with analysts setting new price targets and giving buy ratings to the stock. The company also announced a quarterly dividend, and there was insider activity and institutional trading surrounding the stock.
Full articleSummary: Ford unveils Pikes Peak F-150 Lightning SuperTruck, featuring a tri-motor EV with 1,400 horsepower and unique design elements. It aims to beat the 8 minutes 47.682 seconds record set last year. Built in partnership with STARD Advanced Research and Development, the SuperTruck is designed for exceptional performance at Pikes Peak.
Full articleSummary: Microsoft and Oracle are collaborating to offer more cloud capacity to OpenAI for its AI models by extending Azure's capacity through Oracle Cloud Infrastructure (OCI).
Full articleSummary: Walt Disney Co's stock rose 1.6% after 'Inside Out 2' grossed $155 million domestically, potentially breaking a four-day losing streak. The stock is up 12.5% year-to-date and is trading near a historically bullish trendline.
Full articleSummary: ExxonMobil's helium market in Wyoming is thriving due to the increasing demand and shortage issues in the global helium storage, driving up prices and making helium a crucial commodity for various industries. ExxonMobil plays a significant role through its La Barge facility, providing a large portion of the world's helium supply.
Full articleSummary: Analysts provide varied ratings for Charles Schwab (SCHW) in the past three months, with a mix of bullish and bearish sentiments. Recent average price targets reveal an upward trend, with the current average showing a 2.77% increase from the previous average price target.
Full articleSummary: Ford has revealed the details of the F-150 Lightning SuperTruck, including the tri-motor powertrain producing over 1,400 horsepower. The truck will compete at the Pikes Peak International Hill Climb on June 23 with Romain Dumas as the driver.
Full articleSummary: GE Aerospace, formerly known as General Electric, has experienced a significant rally in its stock price, up 86% in the last 12 months and 50% in 2024 so far. The rally is attributed to good fundamental performance in the aerospace business, spinoffs of healthcare and energy businesses, and growing investor appreciation for the firm's prospects. Morningstar analysts believe GE Aerospace is fairly valued and has a wide economic moat due to its strong market position in turbine engine production.
Full articleSummary: Boeing CEO Dave Calhoun plans to apologize for Boeing’s recent safety failures in Senate testimony and admit to problems with the company culture. The hearing is titled 'Boeing's broken safety culture,' focusing on whistleblower claims of retaliation for bringing safety issues to light. There are concerns about Boeing's safety standards and the potential for criminal prosecution.
Full articleSummary: Key events scheduled for Tuesday, June 18th include U.S. retail sales data release, Boeing CEO testifying before a US Senate subcommittee, and KB Home reporting second quarter earnings.
Full articleSummary: Tour de France loses trademark infringement case against German company FitX Beteiligungs; Nike's 'Footware' trademark invalidated due to descriptiveness; Google's trademark application for 'GPAY' rejected due to likelihood of confusion with EPay AD's 'ePay'; Amstel secures win over Anheuser-Busch by annulling 'Ultra' trademark
Full articleSummary: Merck gains U.S. regulatory approval for Capvaxive pneumococcal vaccine, set to compete with Pfizer's Prevnar 20. Merck expects to provide broader protection compared to existing vaccines, with expected availability in late 2024. Pfizer remains confident with its 98% market share in the adult pneumococcal vaccine segment.
Full articleSummary: Eli Lilly and Company unveiled a new manufacturing plant in North Carolina to address manufacturing bottlenecks for GLP-1 weight-loss drugs in high demand. The company expects the plant to be operational by early 2025.
Full articleSummary: NextEra Energy, Inc. announced its plan to sell $2.0 billion of equity units, consisting of a mix of future common stock purchase contracts and debentures.
Full articleSummary: Virgin Galactic Holdings, Inc. approved the grant of a time-based inducement restricted stock unit award to a new non-executive employee under their 2023 Employment Inducement Incentive Award Plan. The award will vest over a four-year period.
Full articleSummary: Apple is reportedly planning thinner redesigns for its iPhones, Apple Watches, MacBook Pro laptops, and iPad tablets in the coming years. The upcoming products are expected to be thinner and lighter while maintaining or improving their battery life.
Full articleSummary: Costco made a significant change to the packaging of its popular rotisserie chicken, shifting from hard shell containers to clear bags, which has caused backlash among loyal customers citing leaks and messiness. The company's decision was an attempt to reduce plastic waste.
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