Summary: Amgen received accelerated approval from the U.S. FDA for Imdelltra in treating adults with extensive-stage small-cell lung cancer, potentially boosting the drug to blockbuster status and strengthening the company's cancer portfolio.
Full articleSummary: Google Cloud accidentally deleted a giant customer account of UniSuper, an Australian pension fund managing $135 billion worth of funds, leading to downtime and loss of data for nearly two weeks.
Full articleSummary: Boeing delays maiden crewed flight of Starliner spacecraft due to helium leak, new launch scheduled for Saturday, May 25, to further assess the situation.
Full articleSummary: Hackers are targeting U.S.-based AI experts with customized RAT malware, seeking specific generative AI software at a leading U.S. firm.
Full articleSummary: Stocks are rising as investors await inflation report and Federal Reserve meeting. Oracle up 6% ahead of earnings, Carnival up 13% on travel sector optimism, Illumina CEO stepping down boosts shares by 3.7%, and Plug Power rises 10% after revenue goal announcement. Nasdaq falls 11% on software firm purchase.
Full articleSummary: Two brothers, Tom and Phil Beahon, built a successful sportswear business, Castore, after their sports careers were cut short. The brand is now valued at £1 billion, with clients like Newcastle United, Aston Villa, and England Cricket. The brothers made extraordinary sacrifices to grow their business, and are now eyeing up challenging Nike and Adidas on the global stage.
Full articleSummary: McDonald’s showed signs of a slowdown in its Q1 results due to tough comparisons from FY2023, but is expected to deliver record financials in FY2024 and rebound in growth for FY2025, presenting a buying opportunity.
Full articleSummary: Wade G W & Inc. increased its holdings in Caterpillar Inc. by 42.9% during the fourth quarter. Insiders have been active, with an insider selling shares and a director buying shares. Caterpillar also announced a quarterly dividend. Wall Street analysts have mixed ratings on the stock.
Full articleSummary: General Dynamics Co. (NYSE:GD) saw a 0.2% increase in share price on Friday with trading volume declining significantly. Wall Street analysts have a positive outlook on the company, with several increased price targets and buy ratings. Despite missing earnings estimates in April, General Dynamics saw an increase in revenue from the previous year.
Full articleSummary: Consumers are becoming choosier with their spending, impacting leisure spending. Main Street Research CIO recommends Booking Holdings (BKNG) as a stock to add due to growth, high profit margins, and strong business model, while advising to skip Walt Disney (DIS) citing concerns about management decisions, overvaluation, and challenges in streaming competition.
Full articleSummary: Consumers are becoming choosier about spending, impacting leisure spending; Booking Holdings (BKNG) recommended by expert for growth, high profit margins, and good valuation; Walt Disney (DIS) advised against due to management concerns, overvaluation, and streaming challenges.
Full articleSummary: The LANDMARK trial compared Myval TAVR valve to contemporary TAVR valves from Medtronic and Edwards in low-risk patients with severe aortic stenosis, showing noninferiority in primary composite endpoint and similar technical/device success.
Full articleSummary: Forestar Group (NYSE:FOR) had its price target increased by Citigroup to $46.00 with a buy rating on the stock. The company posted positive earnings results and CEO acquired shares. Several large investors have made changes to their positions.
Full articleSummary: European Patent Office upholds the validity of one of Moderna's crucial patents in its legal battle with Pfizer and BioNTech over the Covid-19 vaccine, boosting Moderna's efforts to reclaim pandemic profits. Legal proceedings are ongoing in multiple jurisdictions.
Full articleSummary: Medtronic plc's share price was down 0.4% during trading on Friday, with key financial indicators such as earnings per share beating estimates, and the stock having a 'Hold' rating with an average price target of $94.91. The company also announced a quarterly dividend and insider selling activities.
Full articleSummary: Zacks Research lowers Q2 2024 earnings per share estimates for Capital One Financial, along with other future earnings projections, reflecting a bearish outlook on the company's financial performance.
Full articleSummary: Bristol-Myers Squibb's stock price was down 0.7% during mid-day trading on Friday. Several research firms have downgraded the stock from 'buy' to 'neutral' or 'hold', leading to a consensus rating of 'Hold' with a consensus target price of $60.00. Quarterly earnings results exceeded analysts' estimates, and the company announced a quarterly dividend.
Full articleSummary: Globant (NYSE:GLOB) had its target price reduced by Citigroup from $235.00 to $215.00 with a 'buy' rating, leading to a potential upside of 26.99%. Several other analysts also revised their target prices and ratings on the company. Globant's stock traded down 4.7% on Friday, reaching $169.31.
Full articleSummary: Comcast's share price traded down 0.3% during trading on Friday. Wall Street analysts have issued mixed ratings on CMCSA with price targets ranging from $40.00 to $55.00. Comcast posted quarterly earnings data that exceeded consensus estimates.
Full articleSummary: Cracker Barrel Old Country Store (CBRL) had its target price lowered by analysts at Citigroup, along with other analysts also issuing reports with lowered price targets and neutral ratings on the stock. The average target price of the stock is $69.57.
Full articleSummary: Nvidia, the leader in AI revolution, is expected to surpass earnings expectations with a 240% increase in revenue YoY. Despite competition from AMD and custom AI chips by major tech companies, Nvidia's value proposition and growth prospects remain strong.
Full articleSummary: Exxon Mobil Co. shares traded up 0.8% during mid-day trading on Friday after receiving several analyst upgrades. The company recently announced quarterly earnings results that missed consensus estimates and declared a dividend. Insider activity includes a significant sale of company stock. Institutional investors have both bought and sold shares of Exxon Mobil.
Full articleSummary: BlackRock CEO Larry Fink mentioned at a business conference in Rome that the power supply needed by data centers for AI technologies will lead to competitive challenges among countries and could disadvantage Europe.
Full articleSummary: Bank of America has agreed to pay $8 million in a class-action lawsuit settlement for charging fees to transfer money. Plaintiffs claimed they were deceived into paying Automated Clearing House (ACH) fees when those transfers could have been free. Bank of America denied wrongdoing but settled to avoid litigation costs.
Full articleSummary: The AZEK Company Inc. received a notice from the NYSE for not filing its Quarterly Report on Form 10-Q on time. The company expects to file the Form 10-Q within the next 30 days. The NYSE has given the company six months to regain compliance with filing requirements.
Full articleSummary: The AZEK Company received a notice from the NYSE for not timely filing its Form 10-Q for the fiscal quarter ended March 31, 2024. The Company expects to file the Form 10-Q within the next 30 days, and has six months to regain compliance with the NYSE listing standards.
Full articleSummary: The Dow Jones Industrial Average closed above 40,000 for the first time, reaching 40,003.59 with a gain of over 0.3% for the day and more than 10% for the week.
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