Summary: Amgen and AstraZeneca's severe asthma therapy Tezspire could potentially be used in chronic obstructive pulmonary disease (COPD) despite not meeting its primary objective in a clinical trial. The drug showed promising results in reducing exacerbations for COPD patients with high eosinophil counts.
Full articleSummary: Alphabet-C stock reaches new all-time high after fifth consecutive profitable session.
Full articleSummary: Ford is investing in employee training for BlueOval City to prepare for the launch of its electric vehicle (EV) assembly plant in Tennessee.
Full articleSummary: Zacks Research raises Q2 2024 earnings estimates for Exxon Mobil to $2.47 per share. Exxon Mobil's quarterly earnings on April 26th missed estimates. Several research firms have given buy ratings to XOM. Exxon Mobil announces a quarterly dividend of $0.95 with a dividend yield of 3.18%. VP Darrin L. Talley sold shares of Exxon Mobil stock. Institutional investors have shown increased interest in Exxon Mobil.
Full articleSummary: Equities researchers at Zacks Research lifted their Q2 2024 EPS estimates for Eli Lilly and Company. Several other research analysts have also raised their price targets and ratings for the company. Eli Lilly and Company stock was down by 0.1%. The company recently posted quarterly earnings results beating analysts' consensus estimates.
Full articleSummary: The overall market sentiment improved with the CNN Money Fear and Greed index staying in the 'Greed' zone. U.S. stocks settled higher with Dow Jones crossing the 40,000 level for the first time and notching weekly gains. GameStop Corp (GME) shares fell around 20% after the company released its preliminary first-quarter results.
Full articleSummary: MaxCyte (GB:MXCT) reports significant increase in share ownership by BlackRock, Inc., reaching 8.42% of voting rights.
Full articleSummary: US officials are warning big tech companies like Google and Meta about potential vulnerabilities in undersea cables, particularly due to concerns over Chinese repair ships operated by SBSS hiding their locations, raising security risks to data shared by Silicon Valley giants.
Full articleSummary: Pfizer reported a decrease in net sales but increase in quarterly net profit and EBITDA. However, EPS has decreased compared to the previous year. The stock closed at 4,400.55 on May 17, 2024, with positive returns over the last 6 and 12 months.
Full articleSummary: Thermo Fisher Scientific received an increased Q4 2024 EPS estimate from Zacks Research analysts, with a consensus estimate for the full year earnings. The stock has received multiple positive price target revisions and ratings from other equities analysts. Insiders have been actively buying and selling shares recently.
Full articleSummary: Microsoft's annual Build developer conference is expected to include AI upgrades for Windows 11, Microsoft Copilot, and Snapdragon Elite-X powered laptops. It will focus on AI-related upgrades with the theme 'How will AI shape your future?' New Windows 11 features and deeper integration of Copilot with Office and Microsoft 365 are expected.
Full articleSummary: Meta, the owner of Facebook, mistakenly deleted event pages as a result of a technical issue, causing stress and inconvenience to thousands of Australian event promoters; However, the issue was resolved later in the day.
Full articleSummary: Intel's upcoming Falcon Shores AI processor is set to consume 1500 watts, surpassing Nvidia’s B200, while promising five times the performance per watt compared to its 2022 offerings. The processor architecture features x86 cores for general-purpose processing and Xe cores for AI and HPC tasks. The release in 2025 is poised to advance Intel’s position in the AI accelerator market.
Full articleSummary: Emerson Electric Co does not nominate candidates for NI Corp board, keeps buyout offer price at $53 per share after recent discussions between the two companies. NI Corp has not commented. Emerson expects to expand its presence in testing and measurement market through the acquisition.
Full articleSummary: BlackRock Throgmorton Trust PLC has released an update regarding its issued share capital and advised shareholders to use the share count as the basis for any required notifications according to FCA regulations.
Full articleSummary: HTF Market Intelligence released a survey document on Sterile Filtration market, providing insights on market structure, size, changing dynamics, trends, drivers, challenges, opportunities, and key players like Danaher, Sartorius, and 3M.
Full articleSummary: LG Electronics ends XR partnership with Meta Platforms Inc., seeking new partner for XR devices; Meta may seek partnership with China's Tencent for XR devices; Samsung Electronics to unveil XR device next year through partnership with Google and Qualcomm Technologies
Full articleSummary: Apple is reportedly planning to discontinue the iPhone's Plus model and introduce a new 'iPhone Slim' variant with a complete redesign and slimmer chassis in 2025. Analyst Ming-Chi Kuo mentioned that Apple will use a stainless steel battery case for the first time in the upcoming iPhone 16 series, which provides more rigidity to the device.
Full articleSummary: CloudFence Technologies has become the most sought after Microsoft partner today by embodying relentless innovation, aligning efforts with client's business objectives, empowering clients with insights, and focusing on robust DevOps practices.
Full articleSummary: BNY Mellon US Large Cap Core Equity ETF (BKLC) is a passively managed ETF designed to offer broad exposure to the Large Cap Blend segment of the US equity market, with a focus on stability and cost efficiency. It has a significant allocation to the Information Technology sector and holds top positions in Apple Inc (AAPL), Microsoft Corp (MSFT), and Amazon.com Inc (AMZN). Despite a negative performance in the past year, BKLC remains a good option for investors seeking exposure to the Large Cap Blend area of the market.
Full articleSummary: Citigroup Inc. (NYSE:C) stock has shown mixed performance with a 36% increase in the last three years but a 4.5% decline in the last year, indicating a lack of positive momentum. Despite a tough year with a total loss of 1.9%, the stock has a 44% total shareholder return in the last three years, largely explained by dividend payments.
Full articleSummary: Siemens Digital Industries Software expands partnership with Microsoft to offer Xcelerator as a Service through Microsoft Azure, integrating generative AI and Copilot features. This collaboration aims to provide flexibility, choice, and accessibility to industry-leading AI solutions for Siemens customers.
Full articleSummary: Starbucks experienced a 1.8% drop in revenue in the first quarter of 2024 due to falling same-store sales domestically and internationally. Former CEO Howard Schultz provided advice on reigniting the brand's growth by focusing on customer experience and improving the mobile app. The broader fast-food industry, including McDonald's, KFC, and Pizza Hut, is also facing challenges due to a consumer pullback amidst inflation and higher interest rates.
Full articleSummary: Philip Morris (NYSE:PM) is considered a must-have high-yielding stock for income investors due to its attractive dividend distribution and cash flow heavy business. Despite facing market vulnerability related to the negative sentiment around smoking, PM remains profitable with continuous focus on transitioning to smokeless products for future growth. Recent Q1 earnings show strong results with revenue increasing by 9.7% year-over-year.
Full articleSummary: FedEx Corp announced a further cut in Sunday package deliveries in March due to low demand, part of its cost-cutting measures which include $3.7 billion in savings by last year.
Full articleSummary: Elizabeth Jacobson blows the whistle on Wells Fargo, which could impact WFC stock.
Full articleSummary: A new report by DataM Intelligence provides extensive analysis of the Telecom Towers market, including industry trends, competitors, regional analysis, and growth opportunities. The report mentions key players such as Telstra, AT&T Inc, Indus Towers Ltd, and highlights market segmentation and global business scope factors.
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