Summary: The Prescription Drug User Fee Act has a new goal date of December 29, 2024. Bristol Myers Squibb announced that the U.S. FDA reassigned the goal date for the Biologics License Application of the subcutaneous formulation of Opdivo across various indications. The application is based on the results of a Phase 3 trial.
Full articleSummary: Alphabet (GOOGL) is recommended for growth investors due to its strong financials and growth outlook based on Zacks Style Scores. The company has evolved beyond search into various technological sectors, with positive forecasts for earnings and sales growth.
Full articleSummary: Eli Lilly and Co. is partnering with Aktis Oncology to develop cancer treatments, with Aktis receiving $60 million upfront and potentially $1.1 billion in royalties. Lilly will gain rights to use treatments discovered by Aktis.
Full articleSummary: Comcast Cable announced a new streaming bundle called StreamSaver which includes Netflix Standard with ads, Peacock Premium, and Apple TV+ for $15 per month, a 30% savings, and also offers a $30 package with additional streaming services. This move is aimed at providing simple alternatives for broadband customers.
Full articleSummary: Comcast announces the StreamSaver bundle including Netflix, Peacock, and Apple TV+ for $15 per month, launching next week to Xfinity customers nationwide. The package offers a savings of over 30% compared to individual costs, with possibilities of additional bundles in the future. Other streaming bundles are being considered, including Warner Bros. Discovery and Disney's Max, Disney+, and Hulu bundle, and a potential Disney, Fox, and Warner Bros. Discovery sports bundle.
Full articleSummary: Aktis Oncology collaborates with Eli Lilly for targeted anticancer radiopharmaceuticals, receiving $60 million upfront with milestone payments up to $1.1 billion and royalties on sales. Lilly gains worldwide rights to radiopharma therapeutics and diagnostic products discovered by Aktis, leveraging Aktis' miniprotein technology platform.
Full articleSummary: Intel is building a project in New Albany, Ohio, alongside the New Albany Police Department, which will create thousands of jobs and lead to an influx of population and additional runs for police officers.
Full articleSummary: U.S. Bancorp's stock has been underperforming the S&P 500 over the last 3 years, with negative returns in 2022 and 2023. The bank posted mixed results in Q1 2024 with earnings surpassing estimates but revenues falling short. Despite this, U.S. Bancorp's revenues are forecasted to remain stable in FY2024.
Full articleSummary: Boeing whistleblower John Barnett was found dead in his truck just before he was due to testify against the company. His suicide note had 'f*** Boeing' written on it. Barnett had made severe allegations against Boeing's practices, including the use of substandard parts. The company faced increased scrutiny due to production issues with models like the 787 Dreamliner and the 737 Max. Barnett's death raised concerns over his mental health struggles and chronic stress related to the lawsuit.
Full articleSummary: Johnson & Johnson (NYSE: JNJ) is considered dividend royalty due to its 62 consecutive years of dividend growth and high dividend yield. Investors need to invest around $31,000 in JNJ stock to earn $1,000 in annual dividend income, which could be ideal for those seeking a safe and healthy stream of dividend income. However, it's important to note that The Motley Fool Stock Advisor analysts do not currently recommend JNJ as one of the 10 best stocks for investors to buy.
Full articleSummary: Crude oil prices are expected to rise due to decreasing U.S. crude oil inventories, lower inflation, and OPEC output cuts. Despite the growing adoption of renewable energy sources, demand for oil and gas is expected to remain strong. Comparing ConocoPhillips (COP) and EOG Resources, Inc. (EOG), it appears EOG may offer better value.
Full articleSummary: PayPal reported strong Q1'24 earnings beating estimates, showing growth in revenue, EPS, margins, and positive indicators for future growth in total payment volume and active accounts. New CEO Alex Chriss's strategies and management changes are expected to drive further value creation. Analyst reiterates Strong Buy rating with a price target of $104.
Full articleSummary: A coalition of Tesla Inc. shareholders is urging peers to reject Elon Musk's $56 billion pay package, citing distractions and governance failures. Shareholders criticize Musk's commitments to multiple companies and poor performance of Tesla's shares.
Full articleSummary: Hess is facing lawsuits alleging inadequate disclosures over its proposed sale to Chevron, despite the company stating that the allegations are without merit and voluntarily supplementing the proxy statement.
Full articleSummary: Johnson & Johnson is considered a high-quality dividend stock due to its consistent dividend increase for 62 years, higher dividend yield compared to S&P 500, and financial strength with a AAA credit rating.
Full articleSummary: The article discusses the growth and potential of companies investing in artificial intelligence (AI), such as Nvidia (NVDA), SoundHound AI (SOUN), Google (GOOG, GOOGL), and Arm Holdings (ARM). It highlights their advancements, market position, financial performances, and risks involved.
Full articleSummary: Three companies with significant potential in the AI technology space are discussed: SoundHound AI, Alphabet, and Arm Holdings. SoundHound AI is highlighted for its speech-recognition and AI-powered technologies, Alphabet for its advancements in AI through Google Search and various AI initiatives, and Arm Holdings for its semiconductor technology which is widely used in smartphones.
Full articleSummary: Target Corp. is closing a satellite location in Sioux Falls, affecting 59 employees. 29 employees have the opportunity to transfer or receive separation benefits, while 30 positions are being eliminated with no transfer option available.
Full articleSummary: Top billionaire investors reduced their stake in Nvidia during the March-ended quarter while investing in other AI stocks like CrowdStrike Holdings and Palantir Technologies. Nvidia, the leader in AI GPUs, faced selling pressure due to concerns about a potential AI bubble burst and increasing competition from other tech giants. On the other hand, CrowdStrike and Palantir, with their AI-driven cybersecurity and data mining platforms, attracted billionaire investors due to their growing client base and unique operating models.
Full articleSummary: Piper Sandler maintains a Neutral rating on Wells Fargo & Company with a price target of $61.00. Wells Fargo expressed confidence in its investments in the investment banking division and has a significant capital reserve. The bank has been buying back shares and maintaining dividend payments for 54 consecutive years.
Full articleSummary: UPS reported a decrease in quarterly earnings due to higher costs from a last-minute surge in holiday shipments in December, falling short of Wall Street's forecast for revenue. They had to hire an additional 30,000 seasonal workers to handle the rush and experienced delays due to increased volume.
Full articleSummary: Costco is raising prices on popular items and may increase membership fees.
Full articleSummary: Alphabet (GOOGL) is recommended as a growth stock to watch due to its strong financials, innovative business diversification, and dominant position in online search. Zacks Rank #1 (Strong Buy), Growth Style Score of B, and VGM Score of B. Earnings and sales are forecasted to increase 31.2% and 15.2% year-over-year, respectively.
Full articleSummary: Honeywell partners with Enel North America to enhance building automation and demand response solutions for commercial and industrial organizations, providing ready-now solutions for grid stability and operational efficiency.
Full articleSummary: Emerson Electric (EMR) has outperformed the broader market and industrial sector over the past year due to strong net income growth and better-than-expected Q2 revenue and earnings. Analysts are bullish on EMR, with a consensus rating of 'Strong Buy' and a mean price target suggesting a 12.8% premium to current levels.
Full articleSummary: Hess facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron, which has stalled the $53 billion deal. Allegations considered without merit but company voluntarily supplementing proxy statement to avoid delays. Several Hess stockholders also sent demand letters alleging deficiencies.
Full articleSummary: Comcast Corp. is launching a streaming bundle including Netflix, Apple TV+ and Peacock for $15 a month, more than 30% below separate service pricing. The company is aiming to offset subscriber losses by focusing on increasing revenue per subscriber.
Full article