Summary: Comcast has made a formal £22bn bid for Sky, surpassing the proposed deal with 21st Century Fox. Sky withdrew its recommendation of the Fox deal, opening up the possibility for increased offers and a bidding war for the company.
Full articleSummary: Texas Attorney General Ken Paxton has sued Pfizer, accusing the drugmaker of misrepresenting the efficacy of its COVID-19 vaccine. Pfizer denies the allegations and stands by the accuracy and science-based nature of its vaccine representations.
Full articleSummary: Archer Aviation had its price target lowered by Barclays from $6.50 to $4.50 with an 'equal weight' rating, while JPMorgan Chase & Co. lowered their price target from $7.00 to $5.00 with an 'overweight' rating. Overall, analysts have a 'Moderate Buy' rating on the stock with an average price target of $8.25.
Full articleSummary: Technology giants Alphabet and Meta Platforms are similar in dominating their fields by offering free superior products and making money from advertising. Both are investing heavily in AI as the next great technological frontier.
Full articleSummary: UPS' current forward dividend yield of around 4.4% is attractive for income-seeking investors, but concerns arise about sustainability due to recent disappointing earnings and thin dividend cover in 2024. Investors are advised to focus on the company's future performance rather than its past.
Full articleSummary: Alphabet Inc. C stock is trending slightly upwards with positive community sentiment but potential target price below current price.
Full articleSummary: Gilead Sciences, Inc. has announced the acquisition of Cell Design Labs, Inc. for $567 million, which will enhance its cellular therapy research efforts. This move is expected to expand Gilead's presence in the CAR-T space.
Full articleSummary: Microsoft is experiencing a new phase of growth driven by aggressive AI investments, particularly through its ownership of OpenAI and the integration of ChatGPT and Copilot across its ecosystem. The company's revenue and profits are soaring, with impressive financial flexibility and a premium valuation well justified by its performance among AI stocks and tech peers.
Full articleSummary: BI Asset Management Fondsmaeglerselskab A S raised its holdings in ConocoPhillips by 35.1% in the 4th quarter according to its most recent 13F filing. Several other institutional investors have also modified their holdings of the company. ConocoPhillips stock traded up during midday trading on Friday. Additionally, CEO and EVP of ConocoPhillips sold significant amounts of company stock. Multiple analysts have issued ratings and target prices for ConocoPhillips indicating positive sentiment.
Full articleSummary: JPMorgan Chase reported stronger-than-expected second-quarter earnings boosted by high trading revenues amid the COVID-19 pandemic, despite a 51% plunge in net income due to increased credit reserves.
Full articleSummary: Cisco Systems Inc raised its full-year earnings forecast, announced a $15 billion increase to its stock repurchase program, and reported better-than-expected quarterly results. The company expects to benefit from higher prices due to global chip shortages and a decline in logistics costs as shipment delays abate.
Full articleSummary: Sony shipped nearly five times more PlayStation 5 consoles than Microsoft shipped Xbox Series X/S consoles in the first quarter of this year, bringing the PS5 lifetime total to 59.3 million.
Full articleSummary: ConocoPhillips narrowed losses in Q4 with cost cuts and rising oil prices, reporting a loss of $35 million or 3 cents per share, better than expected. Total costs fell 39%, while revenue rose 7%. Shares are up about 33% from a year ago.
Full articleSummary: The U.S. FDA granted full approval to Pfizer's oral antiviral COVID-19 treatment Paxlovid, clearing the way for commercial sales at market rates, Pfizer sold around $18.9 billion of Paxlovid last year and forecasts sales of about $8 billion for 2023, ICER recommended a price range of $563 to $906 per treatment course for Paxlovid.
Full articleSummary: Cornerstone Advisors LLC reduced its holdings in Union Pacific Co. by 31.2% during the 4th quarter, while other institutional investors made changes to their positions in the company. The business reported a strong Q1 performance, with earnings beating estimates and revenue slightly up. Union Pacific also announced a quarterly dividend of $1.30 per share.
Full articleSummary: Starbucks is introducing new disposable cups with up to 20% less plastic waste for their cold drinks to reduce environmental impact. The company spent four years developing the new cups to decrease plastic usage by 6,123 tonnes yearly. The redesigned cups feature raised dots for easy identification and are part of Starbucks' sustainability efforts to make all packaging reusable, recyclable, or compostable by 2030.
Full articleSummary: A former Costco member had their account blocked and membership deactivated after an employee error resulted in them receiving four JBL speakers instead of one, leaving them with no refund options
Full articleSummary: McEwen Mining (NYSE: MUX) schedules a conference call/webcast to discuss first-quarter 2024 financial results. The call is set to start at 11 a.m. EDT on May 9, 2024, where company leaders will talk about financial results, project developments, and a Q&A session. Interested participants can access the call through provided phone numbers and conference ID. An archived replay will be available on the company's website post-event.
Full articleSummary: Paragon Private Wealth Management LLC acquired a new position in shares of Salesforce, Inc., The firm acquired 3,655 shares of CRM provider's stock, valued at approximately $962,000. Insider activity includes CEO and other insider sales totaling 635,499 shares over the last quarter. Company also recently announced a quarterly dividend of $0.40, totalling a $1.60 annualized dividend and a yield of 0.56%. Wall Street analysts have mostly issued positive ratings for CRM, highlighting the company's potential for growth.
Full articleSummary: Paypal (PYPL) reported quarterly earnings of $1.17 per share, exceeding the Zacks Consensus Estimate of $1.10 per share. The company posted revenues of $7.04 billion, beating the Zacks Consensus Estimate by 0.69%. Paypal has outperformed consensus EPS estimates four times over the last four quarters.
Full articleSummary: Several companies in the automotive industry, such as Honda, Daimler Truck, Volvo, Dassault, JLR, CarIQ, Applied Information, Currux Vision, LG Innotek, and MHP, are collaborating and innovating in order to develop next-generation technologies and software-defined vehicles (SDVs) for the future. LG Innotek is accelerating its targeting of the global automotive lighting module market with 'Nexlide' to commemorate its 10-year anniversary.
Full articleSummary: Motco reduced its stake in Bank of New York Mellon by 14.2% during the fourth quarter, selling 17,680 shares. Several other institutional investors have also bought and sold shares. The stock traded up 1.2% on Friday and the company announced a quarterly dividend. Insiders have been actively selling shares in recent transactions. Analysts have given the stock various ratings, with an average target price of $60.17.
Full articleSummary: GM Energy, a new business unit of General Motors, is focusing on offering batteries, EV chargers, and software to residential and commercial customers. They recently introduced the Ultium Home product suite, enabling vehicle-to-home (V2H) and vehicle-to-grid (V2G) capabilities, aiming to improve grid resiliency and reduce power outages. They also plan to add stationary storage and solar integration in the future.
Full articleSummary: The news discusses strategies for claiming Oracle AI $ORACLE airdrops, emphasizing the importance of safety measures and best practices to maximize the airdrop experience.
Full articleSummary: Motco increased its holdings in shares of Eli Lilly and Company by 270.8% during the fourth quarter. Several other institutional investors and hedge funds have also recently modified their holdings of LLY. Eli Lilly and Company recently declared a quarterly dividend.
Full articleSummary: Norges Bank acquired a new stake in PayPal Holdings, Inc. during the 4th quarter along with other institutional investors. Analysts have given mixed ratings on the stock, with some increasing target prices and others lowering them. PayPal's recent earnings report showed a miss in EPS but an increase in revenue compared to the same quarter last year.
Full articleSummary: The article discusses how to analyze Intuit Inc.'s P/E ratio of 42.79 and its implications for investors, noting the company's growth rates, debt impact, and market expectations within the software industry.
Full article