Summary: Coca-Cola has launched a consumer insights platform, Coca-Cola Lens, featuring thought leadership articles and consumer insights guidance on various topics related to shopper behavior, macroeconomic context, and future insights.
Full articleSummary: Tesco has partnered with PepsiCo to wrap its Wembley store in branded advertising promoting Pepsi, Doritos, and Walkers ahead of the UEFA Champions League final on 1 June. The collaboration includes in-store activations, exclusive promotions, and an immersive experience for customers.
Full articleSummary: Amgen and AstraZeneca announced the results of the phase 2a COURSE trial evaluating Tezspire in people with moderate to very severe COPD, showing reduction in COPD exacerbations with tezepelumab use, particularly in patients with baseline eosinophil counts =150 cells/µL and =300 cells/µL. Tezspire targets and blocks TSLP, a key cytokine associated with airway inflammation.
Full articleSummary: Wells Fargo raises price target for UL Solutions Inc (NYSE: ULS) to $43.00 from $40.00, despite reduced revenue expectations for 2024 and 2025. The adjustment is due to a decline in Industrial revenue and an increase in Organic Compoundable Growth rates.
Full articleSummary: Honeywell and Volts UAE are collaborating to build the first gigafactory in Abu Dhabi focused on delivering battery cells for Residential Energy Storage Systems (RESS), with completion expected by the end of 2026. The partnership aims to support the UAE's Energy Strategy 2050 and drive sustainable and renewable energy sources.
Full articleSummary: Despite Pfizer's stock losing nearly half its value over the past couple of years, some successful investors bought millions of shares in the first quarter due to positive developments in the company's drug pipeline and potential growth in sales. The company reported a record nine FDA approvals for new drugs in 2023, including promising cancer treatments like Padcev and Lorbrena.
Full articleSummary: IBM and Salesforce have expanded their partnership to advance open and trusted AI and data ecosystems.
Full articleSummary: Arvind Krishna, Chairman and CEO of IBM, has been awarded the 'Excellence in Culture' Award by Hunt Scanlon Media for fostering a inclusive workplace environment at IBM.
Full articleSummary: IBM announced collaboration with Amazon Web Services to make IBM watsonx AI platform available with AWS services, enabling customers to manage model risk and support compliance obligations, streamline workflows, accelerate time to market for AI initiatives, and create responsible AI frameworks.
Full articleSummary: IBM and Salesforce have announced an expanded strategic partnership integrating IBM watsonx AI and Data Platform capabilities with the Salesforce Einstein 1 Platform to provide greater customer choice and flexibility in AI and data deployment, including large language model flexibility, pre-built actions, and prompts for CRM solutions.
Full articleSummary: The author believes Alphabet is undervalued, highly profitable, and has strong future growth potential in AI. The stock has risen 41.5% in a year.
Full articleSummary: Apple is offering hefty discounts on iPhones in China to boost sales amid competition from local brands like Huawei during the 618 shopping festival. Discounts as high as 20% are available on select iPhone models through Chinese e-commerce platforms like Tmall and JD.com.
Full articleSummary: Citigroup downgrades Umicore to 'neutral' from 'buy', citing uncertainty in battery materials business, departure of CEO and Chief Strategy Officer, and cuts valuation significantly.
Full articleSummary: Wells Fargo raises price target for Western Gas Partners to $35.00 from $34.00 following strong Q1 2024 performance and expected higher volumes. Analysts point to positive earnings beating estimates and anticipate increase in unit repurchases starting in 2027 due to forecasted leverage decrease. Multiple valuation methods played a role in setting the new price target.
Full articleSummary: Bristol-Myers Squibb shares fell 0% during mid-day trading on Monday. Several brokerages have issued 'Hold' ratings on the stock. The company also recently announced a quarterly dividend.
Full articleSummary: Microsoft and major PC partners are introducing new Copilot+ PCs, featuring Arm-based designs with Qualcomm Snapdragon chips and Neural Processing Units (NPUs) for enhanced AI performance and capabilities. These PCs offer features like 'Recall' for digital memory and are priced starting from $999, with shipments beginning June 18.
Full articleSummary: Microsoft and its major PC partners introduce new category called Copilot+ PCs, which are next generation AI PCs offering improved performance for AI applications and services like Recall feature allowing thorough search through digital memory, based on Arm chip architecture with Qualcomm-built chips including a Neural Processing Unit (NPU) for faster and more power-efficient AI processing directly on PC.
Full articleSummary: Nike is restructuring its business to cut costs and invest in growth, including streamlining product assortment, increasing automation, and focusing on innovation. Converse, a Nike brand, is expected to face workforce reductions, with analysts noting the cost-cutting as a positive strategy to refocus resources and drive profitability.
Full articleSummary: IBM announced collaboration with AWS to make Watsonx AI platform available for use with AWS services, providing easier scaling of AI in enterprises with end-to-end governance. The integration of Watsonx.governance and Amazon SageMaker aims to help manage model risk and compliance obligations in connection with regulatory requirements like the EU AI Act. IBM Consulting will help create responsible AI frameworks for joint customers on AWS.
Full articleSummary: IBM and Salesforce announced an expanded strategic partnership to integrate IBM watsonx AI and Data Platform capabilities with the Salesforce Einstein 1 Platform, allowing for greater customer choice and flexibility in AI and data deployment.
Full articleSummary: Long Jiang and Stu Bradley discussed the challenges faced by anti-fraud professionals due to advancement in AI-driven social engineering, usage of deepfake technology by fraudsters, and the importance of technology in fighting fraud. Credit One Bank has improved services using breakthroughs in technology.
Full articleSummary: Nike announced a restructuring plan after reporting flat second quarter sales in December 2023. The restructuring aims to achieve cost savings over the next three years through various means such as simplification of product assortment and increased automation.
Full articleSummary: Arvind Krishna, CEO of IBM, has been named the recipient of Hunt Scanlon's 'Excellence in Culture' Award for 2024, celebrating organizations that foster a creative and collaborative workplace culture. IBM's culture, under Krishna's leadership, prioritizes inclusivity, empowerment, and innovation. The company's commitment to creating an environment where everyone feels valued reflects its leadership's vision and dedication to excellence.
Full articleSummary: Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Alphabet Inc. by 12.2% during the fourth quarter, while other institutional investors also made changes to their positions in the stock. Additionally, analysts set new price targets for GOOGL, and there was insider buying and selling at Alphabet. Alphabet Inc. reported better-than-expected quarterly earnings data, and they also announced a quarterly dividend.
Full articleSummary: Cisco emphasizes the significance of hybrid collaboration trends, AI-powered collaboration experiences, and the importance of cybersecurity in hybrid work environments.
Full articleSummary: IBM announces Data Product Hub, a solution designed to streamline data sharing between internal data producers and consumers, addressing issues of data accessibility and manual data transformation. It enables managing data as products to make datasets easily discoverable, governed, and reusable.
Full articleSummary: Analysts have provided their insights on International Business Machines (IBM), Audinate Group Ltd. (AUDGF), and Palo Alto Networks (PANW), with price targets and ratings given by various analysts.
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