Summary: ExxonMobil is preparing to drill an exploratory deepwater oil well named Persephone in the Orphan Basin off the coast of Newfoundland, with the drilling expected to take about four months. Equinor, on the other hand, has put its deepwater oil production operation at Bay du Nord on hold for up to three years.
Full articleSummary: Boeing orders fell in April, deliveries were weak, as they were outnumbered by canceled sales. Airbus leads in deliveries for the first four months of the year. Boeing is facing production limits due to quality issues, particularly with the Boeing 737 Max.
Full articleSummary: NTT DATA has been selected by Salesforce to help standardize and streamline its application environment, including managing and developing applications across Salesforce’s organization.
Full articleSummary: Danaher CEO Rainer Blair discussed the company's strong performance in 1Q, particularly in bioprocessing, and highlighted sequential growth in orders and reduction in cancellation requests. He mentioned the steady growth in large pharma and the long-term hypothesis of high single digit growth in bioprocessing. Blair also elaborated on the company's transformative acquisitions like Cepheid, Aldevron, and Abcam, positioning Danaher for a robust future in life sciences and healthcare.
Full articleSummary: Google unveiled new AI chatbot technology Project Astra at its developer conference, which allows users to interact with AI agent for relevant questions. The company also announced the integration of Gemini technology in key products like Search and YouTube, and the upcoming release of Gemini app for users.
Full articleSummary: Cisco and Ericsson expect $1 billion in added revenue each by 2018 from their new partnership to build next-generation networks, with plans for bigger ambitions in the years to come.
Full articleSummary: Loop, a returns and reverse logistics platform, has expanded its support to merchants on Salesforce Commerce Cloud, offering them access to its intuitive returns management software which aims to optimize reverse logistics, maintain profit margins, and provide a modern returns experience. The platform is built to scale with enterprise brands, providing benefits such as streamlined exchanges, customer self-service, operational efficiency, and integration with third-party logistics partners. Loop's seamless integration with Salesforce Commerce Cloud is expected to transform the returns management landscape for enterprise brands, attract more retailers in Australia, and create new sales opportunities.
Full articleSummary: Meta Platforms will discontinue its Workplace app for businesses in June 2026 as it shifts focus to AI and metaverse technologies. Users can access the product until August 2025. Customers have the option to transition to Zoom's Workvivo product.
Full articleSummary: Comcast Corp introduces a new streaming bundle called StreamSaver including Apple TV+, Netflix, and Peacock to reduce subscriber churn, to be significantly discounted compared to competitors, available to both video and broadband customers.
Full articleSummary: Chevron (CVX) stock performance has been positive over the past month, with a +4.4% return. Analysts are optimistic about the company's earnings, expecting +16.2% change for the current quarter. Revenue growth forecasts are also positive, with estimates indicating a year-over-year increase of +7.7% for the current quarter.
Full articleSummary: Stocks rose on Wall Street with the Nasdaq setting a new record and the S&P 500 near its all-time high as investors are optimistic about inflation data, meme stocks surged with GameStop up 60.1% and AMC up 32%, and bond yields edged lower as market awaits crucial inflation updates.
Full articleSummary: David Flavell, EVP, General Counsel & Corporate Secretary of PepsiCo, sold 6,628 shares of PepsiCo, Inc. Common Stock for a total sale amount of $1,192,130.
Full articleSummary: JPMorgan Chase resists proxy advisor ISS recommendations on severance payouts and separation of CEO and board chair positions, citing successful leadership by Jamie Dimon over the last 18 years.
Full articleSummary: Apple stock has risen by 277% over the past five years, with a total return of 291% when factoring in reinvested dividends. This performance significantly outpaced major benchmarks such as Nasdaq 100, S&P 500, and Dow Jones Industrial Average. Apple's excellent business performance and key metrics have been key factors in its stellar returns.
Full articleSummary: Disney+, ESPN+, and Hulu are suing the City of Santa Barbara for applying Utilities Users Tax (UUT) on streaming services, claiming it was intended for cable television providers. The streaming companies argue the taxes violate the First Amendment by potentially targeting protected speech and discriminating based on content.
Full articleSummary: ORACLE Lighting completes asset acquisition of LumaMedia International Inc., a leading innovator of Electroluminescent Signage, aiming to expand their offerings in the Electroluminescent manufacturing space.
Full articleSummary: Google is hosting its live-streamed event, where new software developments, primarily focused on Android, are likely to be announced. The event is expected to showcase new features for Google-powered handsets and Google TV, with a possibility of new hardware announcements, potentially hinting at upcoming Pixel smartphones.
Full articleSummary: Lockheed Martin awarded Terran Orbital a subcontract to produce 18 satellite buses for its Tranche 2 (T2) Tracking Layer contract. Terran Orbital reported $27.2 million in revenue in Q1, down 3% compared to the same period last year, but has $400 million of signed backlog which will be realized as revenue over the next 18 to 24 months. Terran Orbital is still undergoing a strategic review and is emphasizing its partnership with Lockheed Martin.
Full articleSummary: Citigroup initiated coverage of Weatherford International with a Buy recommendation, forecasting a 26.10% upside potential. Fund sentiment is bullish with an increase in the number of funds holding positions and an overall positive view indicated by the put/call ratio. Major shareholders like Price T Rowe Associates and Capital Research Global Investors have increased their holdings in the company.
Full articleSummary: Gilead Sciences provides insights on their strong performance in the HIV business, potential growth in the European and Asian markets, and advancements in long-acting HIV therapies. The company also discusses the success of TRODELVY in breast cancer and its potential in other solid tumors like lung cancer. Additionally, Gilead highlights their leadership in CAR T cell therapy, focusing on manufacturing efficiency and expanding CAR T therapy to community oncology practices. The recent acquisition of CymaBay for a liver disease product marks another growth opportunity for Gilead.
Full articleSummary: Five REITs have recently received price target hikes from Mizuho analysts, including VICI Properties, Realty Income Corp, Essential Properties Realty Trust Inc, Agree Realty Corporation, and Welltower Inc.
Full articleSummary: Betrugsmasche bei PayPal: Verbraucherzentrale warnt vor neuer Betrugsversuch, bei dem Kunden Geld verlieren könnten.
Full articleSummary: Oracle (ORCL) shares are trading higher after reports of potential $10 billion deal with Elon Musk's XaI for renting cloud servers.
Full articleSummary: Amgen Inc. presented at BofA Securities 2024 Health Care Conference providing an overview of their pipeline products including MariTide, Repatha, TEPEZZA, and tarlatamab. The company expressed confidence in their long-term growth potential fueled by their four therapeutic areas and promising new medicines in mid and late-stage pipeline.
Full articleSummary: Skechers announces global footwear partnership with John Deere, offering a co-branded professional and lifestyle footwear collection designed for agricultural professionals, construction workers, outdoor enthusiasts, and trendsetters. The collection will be available in July 2024.
Full articleSummary: Google announced AI improvements to Android, work apps, and its Gemini chatbot at the company's annual I/O developer conference.
Full articleSummary: Ford expanded its Mustang brand in 2021 by launching the Mach-E, a four-door, all-electric crossover with Pony Car design influences, and introducing the off-road-oriented Rally variant. The automaker built a rallycross course to develop the trim, conducting rigorous testing to enhance its performance capabilities.
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