Summary: BMS receives approval to conduct Phase III clinical trial for Deucravacitinib in active SLE population, a study evaluating its effectiveness and safety compared to placebo.
Full articleSummary: Kroger Co (NYSE: KR) is in the process of completing a $25 billion acquisition of Albertsons, has marked consistent dividend increases over the years and shows strong long-term potential driven by loyal customers and earnings growth.
Full articleSummary: Cisco Systems Inc reported fiscal third quarter results that exceeded Wall Street's estimates, despite experiencing its steepest revenue decline in 15 years. The company completed a significant acquisition of security software maker Splunk, enhancing its cybersecurity and AI capabilities.
Full articleSummary: Chevron's Tengiz oil field project in Kazakhstan is facing a significant cost increase of $1.5 billion, potentially pushing the total project cost to approximately $48.5 billion. Despite challenges, Chevron remains committed to completing the project within stipulated parameters.
Full articleSummary: Apple is preparing to unleash an AI avalanche on iPhones at WWDC 2024 by partnering with OpenAI for integrating ChatGPT into iOS 18, updating Siri with AI capabilities, and leveraging on-device and cloud-based AI models. Apple aims to keep up with AI advancements in smartphones and compete with Google's Gemini model on Android.
Full articleSummary: Tesla's Full Self-Drive and Autopilot technology are facing issues as incidents of cars failing to spot hazards and driving into dangerous situations have been reported. Users are expressing frustration and seeking legal action over close-calls and lack of significant injuries.
Full articleSummary: Ford Bronco Heritage Edition, inspired by the 1960s original, receives high praise for its exceptional design, fun driving experience, and modern features making it both a family-friendly vehicle and a capable off-roader.
Full articleSummary: Target plans to lower prices on various items to cater to inflation-weary consumers, following other retailers. The move comes amidst a slowdown in the U.S. economy despite easing inflation, with consumers feeling pressured to stretch their budgets.
Full articleSummary: Canadian banks are set to report earnings, impacted by uncertainty about interest rate cuts and rise in credit losses. Some banks like TD face additional regulatory concerns regarding anti-money laundering probes.
Full articleSummary: Spy shots reveal Ford Maverick pickups with significant exterior styling overhaul, including sporty look and new wheels. Performance-tuned variants have been spotted testing at Ford's proving grounds.
Full articleSummary: Ford's legacy at Lime Rock Park showcased through historical wins and recent successes as Trans Am returns for the Memorial Day Weekend.
Full articleSummary: Analysts weigh in on AbSci (ABSI) and Amgen (AMGN) in the Healthcare sector with price targets and ratings provided.
Full articleSummary: Gilead Sciences announces positive interim results from the ongoing ASSURE study after acquiring CymaBay Therapeutics Inc, showing improvements in disease progression and itch for primary biliary cholangitis patients. Seladelpar demonstrated reductions in cholestasis markers, inflammation, and pruritus, with a high percentage of patients achieving meaningful composite response endpoints and normalization of alkaline phosphatase levels.
Full articleSummary: Spirit AeroSystems whistleblower expresses concerns about safety issues at Boeing suppliers, including the recent deaths of two other whistleblowers, and discusses the need for honesty and safety enhancements in the industry.
Full articleSummary: Charter Communications is offering up to $2,500 to pay off existing plans for customers who switch to Spectrum Mobile, which has seen significant growth with 486,000 mobile lines added in the first quarter, totaling 8.3 million lines, up 36% from a year ago. Spectrum Mobile offers unlimited data for $29.99 per month per line with nationwide 5G access, Anytime Upgrades, and Speed Boost up to 1 gig speeds on phones.
Full articleSummary: Starbucks (SBUX) has been featured on Zacks.com's list of most searched stocks. The stock has shown negative returns over the past month compared to the Zacks S&P 500 composite. Zacks provides detailed analysis of earnings estimates, revenue growth forecast, last reported results, surprise history, and valuation metrics for Starbucks, rating it as Zacks Rank #5 (Strong Sell).
Full articleSummary: Raytheon Technologies Corp. (RTX) is set to release its Q4 and full-year 2022 results, expected to benefit from international travel recovery, merger synergies, and growth in its segments like Pratt & Whitney and Collins. The company has strong outlooks for its missile and defense segment and expectations for revenue and earnings growth in Q4. Despite ceasing business activities in Russia due to the conflict with Ukraine, RTX has performed well with strong sales.
Full articleSummary: Tesla Inc. workers are living in fear of ongoing job cuts initiated by CEO Elon Musk, which have already hit thousands of employees across departments. The atmosphere at Tesla is described as anxious and uncertain, leading to significant morale issues among employees.
Full articleSummary: Nvidia is set to report fiscal first-quarter results with analysts forecasting a deceleration in growth compared to previous quarters, despite still expecting impressive numbers. The unveiling of its new Blackwell chip may bring some volatility to the stock as it transitions from older chips to newer models. Despite competition from other tech giants, analysts remain bullish on Nvidia, with Bank of America and Morgan Stanley both optimistic about its performance and market share.
Full articleSummary: JPMorgan Chase raised its FY24 net interest income guidance to approximately $91 billion, adjusted interest rate cut expectations, and increased expense guidance by $1 billion. The stock surged to all-time highs, but profit-taking may be occurring. CEO Jamie Dimon expressed caution due to changing macroeconomic factors.
Full articleSummary: Tesla is finally building a dealership and service center in New Hampshire after previous failed attempts. The upcoming facility in Londonderry will only service Tesla models, not other electric vehicles or gasoline-fueled cars. Despite Tesla's decline in sales in the most recent quarter, the company holds a strong position as the leading maker of electric cars in the U.S. and faces competition from firms like BYD in China.
Full articleSummary: Apple launched a limited-time promotion that increases trade-in values for select iPhone models in the United States, contrary to earlier reports suggesting it would only apply to the latest iPhone 15 models.
Full articleSummary: WaFd is selling about 2,000 commercial multifamily real estate loans to Bank of America for around $2.9 billion with an unpaid principal balance of $3.2 billion. New York Community Bank also agreed to sell $5 billion in mortgage warehouse loans to JPMorgan Chase due to CRE exposure concerns.
Full articleSummary: Nvidia (NVDA) is set to release fiscal Q1 2025 earnings, with analysts expecting revenue growth of 241%, EPS growth of 482%, and a target price increase by various analysts. The stock has been performing well, being one of the top 5 S&P 500 gainers of 2024 with YTD gains of nearly 89%.
Full articleSummary: Tesla is making efforts to repair its damaged reputation among rental giants due to repeated price cuts affecting the value of rental EV fleets. UAW faced a setback in unionizing Mercedes's Alabama assembly plant. Polestar is at risk of being delisted from the U.S. stock market due to failure to meet exchange listing rules.
Full articleSummary: Elon Musk threatens to divert AI and robotic products from Tesla unless he gets 25% control over the company, reincorporation in Texas, and approval of his 2018 compensation package, raising concerns among shareholders.
Full articleSummary: U GRO Capital approved issuance of NCDs and acquisition of MyShubhLife for Rs 45 crore. They also announced an equity capital raise of Rs 1,332 crore through debentures. Board members committed funds towards the raise.
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