Summary: Comcast has officially launched its StreamSaver bundle for $15 a month, offering Xfinity broadband customers Apple TV+, Netflix's ad tier, and Peacock. The bundle includes an option to add Comcast's NOW TV package for an extra $15 a month.
Full articleSummary: Truist Financial and Citi analysts maintained Buy ratings on Bristol-Myers Squibb, while Wells Fargo retained a Hold rating. Bristol-Myers Squibb reported a quarterly revenue increase compared to last year's figures.
Full articleSummary: U.S. stocks fell on Wednesday driven by rising Treasury yields and weakness in industrials especially in airlines stocks after American Airlines cut its profit guidance for Q2. Energy stocks also experienced a decline despite Marathon Oil Corporation agreeing to be acquired by ConocoPhillips. US Treasury yields continued to climb ahead of PCE data.
Full articleSummary: Epic announced a new open-source software tool for healthcare organizations to assess and validate AI models, aimed at improving patient care, health equity, and preventing model bias. The tool is developed in collaboration with the Health AI Partnership and data scientists at Duke University and the University of Wisconsin.
Full articleSummary: Families of mass shooting victims are suing Instagram's parent company, Activision Blizzard, and Daniel Defense over claims of facilitating advertising for the manufacturer of an assault rifle used in the Uvalde massacre. The lawsuits are among the latest filed after the tragic incident where 19 children and two teachers lost their lives.
Full articleSummary: Duke Energy, Amazon, Google, Microsoft, and Nucor have announced agreements to explore new approaches for carbon-free energy generation. Proposed new rate structures and tariffs would lower costs for investing in clean energy technologies, benefiting large customers with energy needs. Duke Energy is committed to finding innovative ways to meet growing energy demand and support the transition to cleaner energy.
Full articleSummary: Cisco and AT&T announced a new digital buying experience for businesses to easily extend 5G FWA across campus and branch environments, with new cellular gateways and instant-on provisioning, aiming to increase operational efficiency, scalability, and accelerate network provisioning.
Full articleSummary: Hess shareholders approved the proposed US$53 billion merger with Chevron, still requires regulatory approval and arbitration battle with Exxon and CNOOC, shares rose slightly for both companies.
Full articleSummary: Union Pacific Corp (Symbol: UNP), Ashland Inc (Symbol: ASH), and Cabot Corp. (Symbol: CBT) will all trade ex-dividend for their respective upcoming dividends. Union Pacific Corp will pay $1.30 on 6/28/24, Ashland Inc will pay $0.405 on 6/15/24, and Cabot Corp. will pay $0.43 on 6/14/24. Dividends are expected to cause UNP to open 0.57% lower, ASH 0.40% lower, and CBT 0.43% lower on 5/31/24.
Full articleSummary: Kraft Heinz Canada and Highbury Canco extend their partnership agreement for another four years in Leamington, Ont., where Highbury Canco produces some of Kraft Heinz Canada's products.
Full articleSummary: Intel is releasing a new Arc GPU Graphics Driver 101.5534 with support for EA Sports F1 24 and Multiversus. Some major issues have been reported across Arc's discrete and iGPU lineup, including crashes in games like Avatar: Frontiers of Pandora and Uncharted: Legacy of Thieves.
Full articleSummary: Deere & Company (DE) stock has been on a downward trend, experiencing its lowest close since February 27, 2024. It is down 1.58% and has had a long losing streak, being down for eight of the past nine days. The stock is also down 7.14% month-to-date and 9.11% year-to-date.
Full articleSummary: Lockheed Martin's offer to buy out Terran Orbital for $1 a share was rejected by Terran, leading to stock value dropping below $1. Terran's Q1 2024 earnings reported losses despite having a large backlog of work. Investors are skeptical about the company's financial prospects.
Full articleSummary: WSOU Investments, LLC has been actively litigating patents received from Nokia against various tech companies, including a recent second lawsuit against Cisco involving networking products and services with five patents.
Full articleSummary: Amgen is expected to see significant growth in the next three years due to its strong pipeline of next-generation medicines, particularly in areas such as cancer therapies, cardiovascular diseases, and obesity treatments. The company's solid financial position and focus on acquisitions, dividends, and share buybacks are likely to drive positive sentiment among investors.
Full articleSummary: Salesforce, Inc. is set to release first-quarter financial results with analysts expecting earnings at $2.38 per share and revenue of $9.15 billion. IBM announces exploration of IBM Granite model series for use across Salesforce Einstein 1 platform. Various analysts have provided ratings and price targets for Salesforce shares.
Full articleSummary: Ansys announced the launch of Ansys Access on Microsoft Azure to enable seamless deployment of pre-configured Ansys products on Azure cloud platform infrastructure. It addresses challenges in using simulation in the cloud by delivering pre-tested and configured applications aligned to recommended VMs and HPC infrastructure.
Full articleSummary: Medtronic promotes Linnea Burman to president of the neurovascular business, focused on stroke treatment
Full articleSummary: ConocoPhillips (COP) announced the acquisition of Marathon Oil (MRO) for $17.1 billion in stock, along with $5.4 billion in debt, resulting in an enterprise value of approximately $22.5 billion. The deal represents a 15% premium to Marathon's stock price and is expected to be immediately accretive to earnings and cash flow for COP.
Full articleSummary: Oracle Health, the EHR vendor, had a busy month in May with new contracts and technology rollouts.
Full articleSummary: Delaware Judge Chancellor Kathaleen McCormick is confident that Tesla will not use its 2024 Annual Stockholders’ Meeting to challenge her decision to rescind Elon Musk's 2018 pay package. This assurance came after the legal team of TSLA shareholder Richard Tornetta raised concerns about potential attempts to circumvent the ruling in another jurisdiction.
Full articleSummary: Comcast launches StreamSaver bundle offering Xfinity broadband customers Apple TV+, Netflix's ad tier and Peacock for $15 a month. The company also offers an additional NOW TV package for an extra $15 a month.
Full articleSummary: PayPal is set to boost its new advertising business by leveraging the data of millions of users, including first-party data on purchases, spending behaviors, and services collected over the years. The ad business will offer highly targeted inventory through its Advanced Offers Platform.
Full articleSummary: Coca-Cola HBC AG's Chief Supply Chain Officer, Ivo Bjelis, sold 15,000 company shares at a price of GBP 27.568959 per share as part of the company’s Employee Stock Purchase Plan.
Full articleSummary: Wells Fargo analyst Finian O'Shea maintained a Sell rating on Blue Owl Capital with a price target of $15.50, while the general consensus is a Moderate Buy with an average price target of $16.50. Blue Owl Capital reported a quarterly net profit of $182.52 million, lower than the previous year's $201.84 million.
Full articleSummary: Microsoft's rollout of CoPilot+ PCs is expected to boost revenues for the company's More Personal Computing division. Apple's upcoming AI-integrated iPhone and potential new Mac laptops with AI-focused M4 chips are anticipated to drive sales. Broadcom's Semiconductor division, particularly its Wireless and Networking segments, is poised to benefit from the hardware refresh cycle. Nvidia's Gaming and Professional Visualization segments are likely to see revenue growth from the expected surge in PC sales. Best Buy is expected to benefit from the PC refresh cycle as more customers seek current laptops.
Full articleSummary: Dick's Sporting Goods stock surged over 15% due to robust first-quarter earnings and revenue exceeding expectations. The company's strong market position was highlighted by a 6.2% increase in net sales and a 5.3% growth in comparable sales. Raised full-year guidance and positive analyst sentiment added to the optimism.
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