Summary: PepsiCo, Inc. announced that it will issue its second-quarter 2024 financial results on July 11, 2024, including a press release, 10-Q, management remarks, and live Q&A session with top executives.
Full articleSummary: Intel is hyping up its upcoming Lunar Lake CPUs for laptops, which are designed to be power-efficient and deliver faster AI performance compared to Qualcomm's Snapdragon X Elite. Lunar Lake is expected to have a dedicated NPU hitting 45 TOPS for AI acceleration and is set to launch in Q3. Arrow Lake, a desktop and high-end laptop processor range, is set to debut in Q4 of 2024 as a rival to AMD's Ryzen 9000 processors.
Full articleSummary: ExxonMobil and NBA Africa have launched a new Jr. NBA league in Luanda, Angola, operated by the non-profit organization PanAfricare, aiming to reach more than 10,000 youth participants through basketball activities and STEM sessions.
Full articleSummary: Lilly's mirikizumab shows promising results in treating Crohn's disease patients with over one-half achieving clinical remission at one year, even those with previous biologic failure.
Full articleSummary: BNY Mellon US Large Cap Core Equity ETF (BKLC) is a passively managed ETF that offers exposure to the Large Cap Blend segment of the US equity market. It has assets over $2.43 billion and an annual operating expense of 0%. The ETF has a 12-month trailing dividend yield of 1.28% and primarily holds stocks from the Information Technology, Financials, and Healthcare sectors. Its top holdings include Microsoft Corp (MSFT), Apple Inc (AAPL), and Nvidia Corp (NVDA). BKLC seeks to match the performance of the Morningstar US Large Cap Index and has shown positive returns over the past one year.
Full articleSummary: Macy's sales and profits fell during the first quarter but beat Wall Street expectations. The company raised its annual outlook for sales and profits. It is focusing on small-format stores and luxury sales to drive growth.
Full articleSummary: Ian Turner has been appointed as the new chief sales officer at Alphabet GB, bringing over 35 years of experience in sales, marketing, and product development roles. His expertise will be leveraged to shape Alphabet's sales team, strategy, and pipeline.
Full articleSummary: Wells Fargo & Company CEO to present at the 40th Annual Bernstein Strategic Decisions Conference on May 29, 2024 at 8:00 a.m. ET
Full articleSummary: PayPal blocked Belle Dolphin's account with $90,000 earnings from selling bath water but later lifted the block after public outcry and media attention.
Full articleSummary: Analysts from Barclays and KBW maintained a Hold rating on Charles Schwab with price targets of $75.00 and analysts from TD Cowen maintained a Buy rating on the stock. The company's shares closed yesterday at $78.66.
Full articleSummary: Target announced it is lowering prices on around 5,000 items in its stores to make prices more competitive, help consumers with budget constraints, and provide big savings on everyday items like milk, meat, and diapers. Other retailers like Aldi and McDonald's have also announced price reductions recently, while grocery prices are falling for the first time in a year.
Full articleSummary: Aktis Oncology and Eli Lilly to collaborate on developing cancer therapies, Aktis Oncology eligible for milestone payments of up to $1.1 billion and royalties on sales
Full articleSummary: Mountain Ridge Capital closed a $15 million senior secured credit facility to a U.S. textile wholesaler, providing more availability and flexibility than the previous bank arrangement.
Full articleSummary: Pet Supermarket partners with Salesforce technology to improve online shopping experience, reduce shipping costs, and enhance delivery times using Commerce Cloud Order Management System (OMS).
Full articleSummary: PepsiCo, Inc. announced that it will issue its second-quarter 2024 financial results on July 11, 2024, including a press release, 10-Q, and prepared management remarks, as well as a live question and answer session for analysts with top executives.
Full articleSummary: Insiders at Chevron Corporation (CVX) have been net sellers of the company's stock over the past year, with significant selling activity in the last three months. This has led to some caution among investors and analysts.
Full articleSummary: Google is leveraging a recent report criticizing Microsoft's security practices to promote its Google Workspace suite, hinting at security weaknesses in Microsoft Exchange Online. Google offers a new Secure Alternative Program with special pricing on Workspace Enterprise Plus and Mandiant's incident response service for organizations switching from Exchange Online.
Full articleSummary: HP is simplifying its laptop lineup, introducing new models like OmniBook X AI and EliteBook Ultra AI with AI features and Snapdragon processors. The laptops are designed to appeal to users seeking simplicity and futureproofing.
Full articleSummary: Thermo Fisher Scientific (NYSE:TMO) has shown a 9.0% increase in its stock price over the last month, with a Return on Equity (ROE) of 13%, which is higher than the industry average of 10%. The company has been reinvesting a significant portion of its profits at a high rate of return, leading to decent earnings growth.
Full articleSummary: Brown Advisory Inc. reduced its position in Gilead Sciences by 8.5% in the fourth quarter, with other hedge funds also modifying their holdings of GILD. Several analysts have updated price targets and ratings for Gilead Sciences. The company recently reported quarterly earnings, declared a dividend, and saw insider selling activity.
Full articleSummary: Eli Lilly's mirikizumab shows positive results in a Phase 3 study for Crohn's disease, achieving high rates of clinical remission and endoscopic response at one year. A supplemental Biologics License Application for mirikizumab in Crohn's disease has been submitted to the U.S. FDA and EMA.
Full articleSummary: Sega almost put Nvidia out of business in 1996 by asking them to develop the GPU for the Dreamcast, which led to Nvidia receiving a $5 million investment from Sega that saved them from bankruptcy.
Full articleSummary: The Kraft Heinz Company launches Pure J.L. KRAFT, a new line of premium dressings and marinades in Canada without artificial preservatives, flavours, or colours, offering unique flavors and convenience for consumers.
Full articleSummary: The Kraft Heinz Company launches Pure J.L. KRAFT, a new line of shelf-stable premium dressings and marinades made with no artificial preservatives, flavours, or colours exclusively in Canada.
Full articleSummary: Major tech companies like Meta, Coinbase, Match Group, Kraken, Ripple, and Gemini are launching a new coalition called Tech Against Scams to combat online fraud across dating apps, social media, and crypto, aiming to protect users against romance scams, investment fraud, and other financial crimes.
Full articleSummary: Stephenson Harwood advised Standard Chartered Bank on a unique US$1.3 billion project finance structure for Yinson Production's FPSO in Angola. The financing comprises three secured tranches with staggered maturities, featuring innovative carbon emission reduction technologies.
Full articleSummary: Halozyme Therapeutics announced that Bristol Myers Squibb has been given a new Prescription Drug User Fee Act goal date by the FDA for their Biologics License Application for the subcutaneous formulation of Opdivo with ENHANZE, with the updated goal date set for December 29, 2024.
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