Summary: Senate Finance Committee Chairman Ron Wyden has expanded the pharmaceutical tax investigation by asking Pfizer to provide details on its tax practices.
Full articleSummary: Bank Of New York Mellon Corp executives, including SEVP Senthilkumar and SEVP & General Counsel Kevin, have been selling shares. Analysts at Morgan Stanley, JP Morgan, and Wolfe Research have revised their ratings on BK. The stock fell -0.92% to $58.95 on Monday. Various support and resistance levels have been identified.
Full articleSummary: PayPal's stock has been underperforming, with various factors contributing to its weak performance, leading to its valuation resembling that of a value stock now. Despite suggestions from Morgan Stanley to begin paying a dividend, the company may focus on share repurchases due to its ongoing business transformation and current valuations.
Full articleSummary: ExxonMobil's internal documents reveal they promoted carbon capture and storage (CCS) in advertising despite viewing it as a limited contributor to combating climate change. The company's own Scenario D projected a smaller deployment of CCS compared to competitor Shell's Sky Scenario.
Full articleSummary: Medtronic announced new preliminary data from the VERITAS clinical study showing its ENB platform is non-inferior to CT-guided biopsy for diagnosing lung nodules, with reduced procedure-related complications. The study demonstrated ENB was diagnostic in 76% of patients and had significantly fewer complications compared to CT-guided biopsy.
Full articleSummary: IBM CEO made bold statements on new products, AI, and quantum computing during IBM Think 2024. He discussed IBM's vision for technology to drive revenue and scale, introduced new products like IBM Concert and InstructLab, emphasized the importance of quantum computing, and outlined three keys for achieving productivity with GenAI.
Full articleSummary: CVS Health settled a lawsuit with nurse practitioner Robyn Strader regarding religious accommodations for 'pregnancy prevention services.'
Full articleSummary: Google is aiming to poach Microsoft's public sector customers by attacking its competitor over recent high-profile breaches and offering new incentives for federal agencies to reduce the U.S. government's overreliance on a single technology vendor.
Full articleSummary: Salesforce CEO Marc Benioff has sold a substantial number of shares in the company through a pre-arranged trading plan, totaling over $4.3 million. His direct holdings have been adjusted to 12,512,327 shares, while he has indirect ownership of 10,000,000 shares through the Marc Benioff Fund LLC.
Full articleSummary: Salesforce CEO Marc Benioff sold a significant amount of company shares over the past few weeks. Wall Street analysts have issued mixed ratings for the stock with an average price target of $310.61. Institutional investors have been adjusting their stakes in the company.
Full articleSummary: The City of Dallas is looking to do business with a new bank as the contract with Bank of America is ending in December. The decision is driven by the Responsible Banking Ordinance No. 32211, which requires the main bank to give an annual report on its commitment to neighborhoods. Five banks, including potentially Bank of America, have submitted proposals focusing on racial equity and reinvestments.
Full articleSummary: PepsiCo Beverages North America (PBNA) expands its electric-powered fleet in California with 50 Tesla Semi trucks and 75 Ford E-Transit electric vans to achieve net zero emissions by 2040.
Full articleSummary: Target is offering a massive summer event with discounts on patio furniture, grills, clothing, headphones, TVs, vacuums, and more. Sales include up to 50% off patio furniture, JBL Flip 6 Bluetooth speaker, Ninja Detect Power Blender Pro Plus, Beats Studio Pro headphones, Roku Plus Series 50-inch 4K Smart TV, Ninja Woodfire Pizza Oven, and Dyson V8 Origin cordless stick vacuum.
Full articleSummary: S&P 500 and Nasdaq closed at record highs ahead of Nvidia's first quarter earnings, focus on AI dominating the market and utilities sector benefiting from demand for new data centers, optimism around potential SEC approval of ethereum ETFs causing a significant rally in the cryptocurrency market.
Full articleSummary: IBM and Salesforce announced an expanded strategic partnership to bring together IBM watsonx AI and Data Platform capabilities with the Salesforce Einstein 1 Platform for greater customer choice and flexibility in AI and data deployment. This partnership will empower teams to make data-driven decisions and take actions directly in their flow of work.
Full articleSummary: Flyers have vowed to double down on their boycott of Boeing after a Singapore Airlines flight ended in disaster when it hit turbulence, killing a passenger. The Boeing share price initially dropped but later recovered. Questions over safety have arisen due to previous incidents involving Boeing planes, leading to investigations by aviation authorities. Turbulence-related airline accidents are common and often result in injuries but not aircraft damage.
Full articleSummary: Boeing whistleblower John Barnett's suicide note blames the aerospace giant for his death due to the work environment and pressure he faced. His lawyers assert Boeing's responsibility in his mental health struggles, anxiety, and PTSD.
Full articleSummary: Lowe's CEO Marvin Ellison discussed partnerships with tech giants Apple and Nvidia, utilizing AI tech for store operations and developing products for customers to visualize home improvement projects. Home Depot has also ventured into artificial intelligence in collaboration with Alphabet.
Full articleSummary: Chinese companies like Xiaomi and Geely Auto are entering the EV market aggressively, with Xiaomi aiming to compete with Tesla. Apple abandoned its EV project, signaling a shift in technological evolution between Chinese and US companies.
Full articleSummary: 3650 REIT and JPMorgan Chase provide a $62 million loan to refinance Columbus Business Park, an industrial property in Ohio.
Full articleSummary: Meta (formerly Facebook) is planning to build a high-tech data center in Davenport, Iowa in collaboration with its subsidiary Vemerald, representing an $800 million capital investment and creating 35 jobs with a qualifying wage of $28.76 per-hour.
Full articleSummary: The Executive Vice President and Chief Legal Officer of Cisco Systems, Inc. sold 8,016 shares of the company's common stock, totaling over $386,700. The sale was part of a prearranged trading plan. Cisco Systems remains a significant player in the computer communications equipment industry with a market capitalization of $190.07 billion and a P/E ratio of 15.62, indicating investor confidence in its profitability.
Full articleSummary: Deborah L. Stahlkopf, EVP and Chief Legal Officer of Cisco Systems, sold 8,016 shares of common stock at a weighted average price of $48.2411 per share, totaling $386,700.
Full articleSummary: City of Dallas partners with Ford Pro to electrify its vehicle fleet by installing EV charging infrastructure with 10-year agreement, aiming to have 5,400 vehicles electrified by 2040 as part of Climate Action Plan.
Full articleSummary: AutoZone Inc., Palo Alto Networks Inc., Keysight Technologies Inc., Nordson Corp., Lam Research Corp., Peloton Interactive Inc., ZIM Integrated Shipping Services Ltd., and Eli Lilly and Co. experienced significant price changes based on company news and financial performance.
Full articleSummary: Comcast announced a new streaming bundle called StreamSaver that includes Peacock, Netflix, and Apple TV+ for $15 per month, aiming to save customers money by offering a 30% discount compared to individual subscriptions. The bundle will be available starting on May 29 for U.S. customers.
Full articleSummary: JPMorgan Chase & Co. and its affiliates have acquired a 5.14% voting power in Westgold Resources Ltd, demonstrating confidence and investment in the Australian mining company.
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