Summary: Thermo Fisher Scientific announced a collaboration with Arsenal Biosciences to develop manufacturing processes for new cancer treatments, focusing on next-generation, programmable autologous T cells. Thermo Fisher's Cell Therapy Systems product line will assist ArsenalBio in creating multi-functional CAR-T cell therapies.
Full articleSummary: The National Consumer Disputes Redressal Commission held that Coca-Cola's promotional scheme of awarding 5 Honda City cars for lucky coupon bottles was valid and not fraudulent. The Commission directed Coca-Cola to pay the Complainant litigation costs.
Full articleSummary: Bristol-Myers Squibb Company (NYSE:BMY) is increasing its dividend by 10% to US$0.54 on February 1st, resulting in a 3.3% dividend yield, which is above the industry average. The company's distributions have been stable historically, but its EPS has fallen by 48.4%, raising concerns about future sustainability. Overall, while the company generates plenty of cash, its dividend might be slightly high for comfort, making it not a great income stock.
Full articleSummary: Novavax, Inc. and Fulcrum Therapeutics, Inc. have surged on signing collaborations and licensing agreements with Sanofi, while Moderna, Inc. faces setback due to FDA delaying the review timeline for its mRNA-based RSV vaccine. Bristol Myers announced the FDA accelerated approval of Breyanzi for expanded treatment options.
Full articleSummary: The Dow Jones Industrial Average reached over 40,000 for the first time, reflecting a positive year for Wall Street. However, the Dow's significance as a measuring tool for the market has been diminishing due to its limited representation of only 30 companies and the prevalence of broader indices like the S&P 500.
Full articleSummary: Costco introduced fresh sushi made in-house using Tamaki Gold Rice to ensure freshness, expanding the variety of meals offered.
Full articleSummary: Bitdefender and NinjaOne partnership for advanced threat protection and faster remediation across endpoints, Palo Alto Networks 'acquisition' of IBM's QRadar SaaS assets as part of cybersecurity consolidation trend, Ramin Sayar joins Acceldata's board of directors
Full articleSummary: Bank of America reiterates Nvidia and Marvell as buys, Roth MKM initiates Ree Automotive as buy, Well Fargo reiterates Netflix as overweight, Oppenheimer initiates Confluent as outperform, Citi reiterates Reddit as buy, initiates Roblox as buy, and reiterates Walmart as a top pick, Goldman Sachs reiterates Tesla as neutral, BTIG upgrades Darden to buy from neutral, Baird initiates Littelfuse as outperform, Jefferies upgrades DuPont to buy from hold, Macquarie upgrades JD.com to outperform, Morgan Stanley downgrades Baidu to equal weight, Bank of America upgrades Coinbase to neutral from underperform, reiterates Chevron as buy, JPMorgan upgrades Bath & Body Works to neutral from underperform, Wolfe upgrades United Airlines to outperform from peer perform, Bank of America upgrades Robinhood to buy from underperform, Cantor Fitzgerald initiates AbbVie as overweight, and Stifel reiterates Elanco Health as buy.
Full articleSummary: The Dow Jones Industrial Average hit the 40,000 milestone for the first time on Thursday, with Microsoft leading the way in pushing the index up more than 1,200 points since the last time it crossed the 30,000 threshold. Caterpillar has almost doubled in price during this time period.
Full articleSummary: Wolfe Research upgraded United Airlines Holdings Inc to Outperform with a price target of $76.00.
Full articleSummary: Deere reported better-than-expected results for the fiscal second quarter but lowered its full-year profit forecast due to decreased sales of tractors and equipment caused by declining crop prices.
Full articleSummary: Danaher Corporation (DHR) has a consensus 'buy' rating from 20 analysts with a mean target price of $271.39, indicating a potential upside of 3.0%. The company has a market capitalization of 196.16B and a current share price of $264.84 USD.
Full articleSummary: Loongson reveals plans for next-gen CPUs that can match Intel's 12th Gen Core i7 & Core i5 CPUs, propelling the domestic Chinese PC market to new heights.
Full articleSummary: Shares in Robinhood rose more than 5% in premarket U.S. trading after Bank of America Securities upgraded their rating of the trading platform due to rising engagement from retail investors, accelerating organic growth, and attractive valuation.
Full articleSummary: Details about Weibu's GP10 handheld console powered by an unspecified Intel Lunar Lake processor were leaked, suggesting an earlier preview at Computex in June and a fall launch. Weibu plans to introduce a handheld console lineup featuring the Lunar Lake Core Ultra 200V-series later this year with improved power efficiency, larger screen, and detachable controllers.
Full articleSummary: Meta Platforms (NASDAQ: META) has been a solid investment in the past five years with shares climbing 149%, but faced a 64% decline in 2022 due to investor pessimism. The company is a social media powerhouse with a massive user base and heavily reliant on digital advertising. However, its metaverse ambitions have not gained traction so far.
Full articleSummary: Analyst blog highlights top research reports for Oracle, Bank of America, and McDonald's. Oracle is benefiting from cloud business momentum and investments in cloud infrastructure. Bank of America's results improved due to strength in the investment banking business. McDonald's faced increased costs but showed growth in global sales and loyalty programs.
Full articleSummary: US stocks regrouped as investors dithered over rate cut odds. Fed officials' comments on high rates dampen enthusiasm for September cut.
Full articleSummary: Costco Wholesale is making a sustainable shift by changing the packaging of its popular rotisserie chicken to plastic bags, which will result in a significant reduction in plastic use. This change is part of Costco's efforts to be more environmentally friendly.
Full articleSummary: Imdelltra has been approved by the FDA for the treatment of ES-SCLC, a month ahead of the FDA action date, based on positive response rate and duration of response.
Full articleSummary: Intel releases Game On Driver support for Intel Arc A-series Graphics GPUs and Intel Core Ultra with built-in Intel Arc GPUs, with gaming performance improvements and fixed/known issues listed.
Full articleSummary: RTX saw unusual options trading activity, insider selling, and institutional trading. Analyst ratings show a mix of 'hold' and 'buy' recommendations. The company reported positive quarterly earnings and increased its dividend.
Full articleSummary: Broadcom Inc. announced its Accelerate Program, providing enhanced service levels for more software solutions delivered to a broader range of customers; partners will act as an extension of the Broadcom team, offering technical support capabilities in multiple geographies; the program expands to include CA Technologies enterprise software, mainframe software, and Symantec cybersecurity solutions.
Full articleSummary: Proxy adviser Glass Lewis recommends Hess shareholders to vote in favor of Chevron's $53 billion all-stock offer at the upcoming special meeting, citing reasonable valuation and potential upside for Hess shareholders. The deal is strategically and financially sound despite an ongoing arbitration case involving Exxon Mobil and CNOOC.
Full articleSummary: McDonald’s plans to introduce a $5 meal deal in the U.S. to address slowing sales and high prices, starting June 25 for a limited time. Fast food prices have risen significantly due to increased costs for labor, food, and paper products.
Full articleSummary: Meta Platforms (META) has been experiencing both highs and lows in its stock price over the past years. Despite setbacks in 2022, the company remains a social media powerhouse with a significant user base and a strong focus on digital advertising revenue. However, its metaverse ambitions have yet to gain traction financially.
Full articleSummary: Salesforce insider Parker Harris sold a significant number of shares of the company's stock in multiple transactions, reflecting bearish sentiment on the stock. Salesforce also announced a dividend in past and hedge funds have made notable moves in their positions related to CRM stock.
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