Summary: Pfizer has announced findings from the Phase II MagnetisMM-3 clinical trial of ELREXFIO (elranatamab-bcmm) in patients with relapsed or refractory multiple myeloma (RRMM), showcasing an ORR of 61% and a complete response rate of 37.4%, with a median overall survival of 24.6 months reported in cohort A of the single arm trial.
Full articleSummary: Integrated Advisors Network LLC increased its position in Booking Holdings Inc. by 5.1% during the fourth quarter, as per its recent 13F filing. Multiple other institutional investors and hedge funds have also adjusted their holdings of the company. Booking recently announced a quarterly dividend, with insiders engaging in buying and selling activities. Analysts have set new price targets, with a mix of hold, outperform, buy, and strong buy ratings.
Full articleSummary: Medtronic, an American medical technology giant, will establish operations in Serbia after signing a memorandum of understanding with the Ministry of Science, Technological Development and Innovation on June 14. This cooperation within the BIO4 Campus aims to strengthen the bio-economic startup ecosystem and enhance scientific-research collaboration in Serbia.
Full articleSummary: Broadcom (AVGO) announced a 10-for-1 stock split on July 12, following a surge in its stock price post-earnings report. The split won't impact the company's overall value, which is around $780 billion. Beyond the stock split, Broadcom's positive outlook is supported by strong performance in its software segment and AI products.
Full articleSummary: IBM and The All England Lawn Tennis Club have introduced a new 'Catch Me Up' feature for the Wimbledon digital experience, leveraging match data with generative AI from IBM's watsonx platform to provide fans with player updates, stories, and analysis. Generative AI will also be used to enhance coverage across various matches, including wheelchair events, and part of the redesigned digital match centre known as IBM Slamtracker.
Full articleSummary: Boeing's stock has declined more than 30% in 2024, but there are arguments for and against buying it. On one hand, it has an important position in the aviation industry and potential for growth; on the other hand, there are concerns about labor negotiations, cash drain from Spirit AeroSystems, and the lack of a new CEO.
Full articleSummary: Analyst Ming-Chi Kuo predicts that the upcoming Apple Watch Series 10 will have a thinner chassis and larger displays, increasing from the current 41mm and 45mm sizes to about 45mm and 49mm, respectively. The new form factors would make the smallest watch as big as the current larger Series 9, while the new bigger model would approach the Apple Watch Ultra screen size. Kuo also mentions a dark titanium color option for the new Apple Watch Ultra.
Full articleSummary: NYSE American has begun delisting NUBURU Inc due to the selling price of the common stock falling below $0.10, NUBURU plans to appeal the delisting, trading in the firm's common stock has been suspended.
Full articleSummary: Apple announced new features at its developers conference, including expanding Apple Pay beyond smartphones, which had a positive impact on Apple shares and Enablers segment, but PayPal shares declined. Visa's rally and Adobe's strong performance offset some losses in CE 100 Index.
Full articleSummary: Raytheon Technologies Corporation RTX has secured a $353.9 million contract to provide additional LTAMDS radar prototypes for the U.S. Army, boosting its revenue prospects. The demand for military radars is expected to rise in the long term, benefiting RTX and other defense majors like Lockheed Martin, L3Harris Technologies, and Northrop Grumman.
Full articleSummary: Japan has been embracing new artificial intelligence tools which have the potential to accelerate its economy and tech sector further, especially after catching up during the pandemic.
Full articleSummary: Slagle Financial LLC increased its position in Gilead Sciences by 99.0% during the 4th quarter, holding $4,142,000 worth of the company's stock. Other institutional investors also made changes to their positions in the company. Insider selling of 2,000 shares occurred, and the company declared a quarterly dividend of $0.77 per share. Multiple analyst ratings changes have been reported on the stock recently.
Full articleSummary: Boeing's stock is facing challenges despite its crucial position in the aviation industry and potential for growth, with concerns over labor negotiations, potential cash drain from supplier Spirit AeroSystems, and the need for a new CEO.
Full articleSummary: Pixar's Inside Out 2 breaks box office records with a weekend opening of $295m worldwide, surpassing all-time animated film global opening record. The movie's success provides a much-needed boost to the cinema industry, which has seen lacklustre box office numbers this year.
Full articleSummary: V Square Quantitative Management LLC purchased a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the fourth quarter. Several other hedge funds have also bought shares of the stock. Analysts have mostly given a buy rating to the company, with a consensus price target of $76.44. Coca-Cola Europacific Partners opened at $74.05. The business announced a semi-annual dividend of $0.79 per share.
Full articleSummary: Honeywell launches Battery Manufacturing Excellence Platform (Battery MXP) powered by AI to optimize operation of large-scale battery manufacturing, reducing costs and waste.
Full articleSummary: GlobalData tracks drug-specific phase transition and likelihood of approval scores for various indications like breast cancer, renal cell carcinoma, head and neck squamous cell carcinoma, and more. Pfizer, a biopharmaceutical company, offers products to treat various conditions including cancer. Palbociclib (Ibrance) is a cyclin-dependent kinase (CDK) inhibitor under development for multiple types of cancer.
Full articleSummary: GlobalData tracks drug-specific phase transition and likelihood of approval scores, in addition to indication benchmarks based off 18 years of historical drug development data. Attributes of the drug, company, and its clinical trials play a fundamental role in drug-specific PTSR and likelihood of approval. Amgen is a biotechnology company that develops and markets innovative human medicines for various serious diseases.
Full articleSummary: Deutsche Bank has seen a significant increase in senior hires in recent months and a growth in revenues, particularly in M&A and capital markets. The bank's appeal is on the rise with a doubling stock price over the last five years, higher salaries, and generous bonuses. Despite positive developments, concerns exist about the fixed income sales and trading business which accounts for a large portion of revenues.
Full articleSummary: All for One Group SE announces the completion of its Share Buyback Programme with a total of 81,997 shares repurchased. The program was extended in October 2023.
Full articleSummary: Europe's commercial fleets are under pressure to transition to electric vehicles due to a looming deadline for the end of internal combustion engine sales and the increase in low-emission zones in city centers. Ford Pro Europe emphasizes the importance of building an ecosystem around electric vehicles, including software, finance, and charging solutions.
Full articleSummary: Cisco is planning to focus on security and AI projects in new investment in Taiwan and Vietnam.
Full articleSummary: GlobalData tracks drug-specific phase transition and likelihood of approval scores, in addition to indication benchmarks based off 18 years of historical drug development data.
Full articleSummary: Intel releases a new driver for Arc graphics cards adding support for new titles like Elden Ring's expansion and offering performance improvements for legacy games like Crysis and Chivalry 2.
Full articleSummary: Oracle, Microsoft, and OpenAI are collaborating to extend the Microsoft Azure AI platform to Oracle Cloud Infrastructure (OCI) to meet the rising demand for AI. Apple's focus on AI in its upcoming products like iOS 18 and macOS Sequoia is likely spurring this collaboration. OCI's AI capabilities, including Nvidia GPU instances, cater to various AI applications.
Full articleSummary: Moonpay integrates PayPal as a fiat on-ramp on its platform in the UK and the EU, enabling users to purchase cryptocurrencies easily. This expansion excludes users in Hungary, Croatia, and Iceland, but will be fully rolled out soon. Moonpay customers can now buy and trade over 110 cryptocurrencies via the PayPal integration.
Full articleSummary: PepsiCo (PEP) stock has seen a significant pullback to around $163 per share, reaching a key support level at the 200-week simple moving average, presenting a buying opportunity for investors. The company is a 'Dividend King' with a track record of increasing dividends for over 50 years, making it an attractive option for dividend-focused investors. Earnings estimates for PepsiCo show an attractive valuation compared to competitor Coca-Cola, and the company's strong balance sheet includes an investment grade credit rating.
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