Summary: Intelligence Committee Chairman Mark R. Warner is pushing tech companies to combat malicious misuses of AI that could impact elections, specifically in relation to the Tech Accord to Combat Deceptive Use of AI in 2024 Elections. Sen. Warner sent letters to signatories requesting specific information on the actions taken to prevent the creation and spread of AI-enabled disinformation. The initiatives aim at enhancing the information ecosystem surrounding the elections and preventing misuse of AI technology.
Full articleSummary: Charter CEO Chris Winfrey discussed the impact of the Affordable Connectivity Program (ACP) ending on the company's broadband base during a MoffettNathanson investor conference. He mentioned the decline in broadband subscribers and the shift towards offering mobile as a post-ACP lifeline for customers.
Full articleSummary: Google's I/O developers conference will showcase updates on Android 15 and AI advancements, with the debut of the budget-friendly Pixel 8A and possible hardware/software features. The event will kick off with a keynote presentation followed by breakout sessions over two days.
Full articleSummary: Colgate Palmolive India (CPIL) reported strong Q4FY24 results with healthy sales growth led by the toothpaste segment. Strategic initiatives by new management are showing positive results.
Full articleSummary: State of Wisconsin's Investment Board disclosed holdings of nearly $163 million in Bitcoin ETFs, including shares of BlackRock's iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC), in the first quarter of this year.
Full articleSummary: Federal Reserve Chair Jerome Powell expressed less confidence in inflation cooling down and stated that the Fed will need to be patient before reducing interest rates, based on higher-than-expected inflation readings in the first three months of the year. Powell noted that the Fed's current restrictive stance on interest rates may take longer than expected to impact inflation.
Full articleSummary: CrowdStrike and NVIDIA are collaborating to accelerate the use of advanced analytics and AI in cybersecurity to combat modern cyberattacks. This partnership aims to empower organizations with custom generative AI models to protect against evolving threats.
Full articleSummary: Barbara Furlow-Smiles, a former DEI leader at Facebook and Nike, has been sentenced to 63 months in prison for embezzling over $5 million from the companies. She has to repay the full stolen amount.
Full articleSummary: Cisco Systems Inc announced the launch of Hypershield for increasing data center and cloud security and is scheduled to report its fiscal third-quarter results. Analysts from Piper Sandler and JPMorgan reiterated Neutral ratings with price targets of $51 and $53 respectively.
Full articleSummary: Meta is closing its enterprise communications platform Workplace by May 2026, recommending Workvivo as an alternative. The decision follows a slowdown in growth and departure of key employees, amidst competition from other collaboration tools.
Full articleSummary: BlackRock Sustainable American Income Trust plc has purchased 34,100 of its Ordinary Shares at an average price of 204 pence per share to be held in treasury.
Full articleSummary: The Container Store, founded in 1978, is exploring strategic alternatives including a potential sale after experiencing declining sales and facing compliance issues with the NYSE.
Full articleSummary: Multiple calls on Wall Street for various companies including Tesla, CG Oncology, Fulcrum Therapeutics, Regeneron, Nvidia, Boston Beer, Roblox, GXO Logistics, Apple, Huya, Weatherford, Atmos Energy, Planet Fitness, Fortrea Holdings, Vtex, Expro, Edison International, CRH, Sarepta, Amazon, Western Digital, Seagate, and Edwards Lifesciences.
Full articleSummary: CVS Health promises to prioritize margins over members after disappointing first quarter earnings, CFO acknowledges challenges and outlines plans for improvement including reevaluation of benefits and potential market exits, full-year earnings outlook lowered.
Full articleSummary: FedEx hosted a group of FedEx-HBCU student ambassadors in Los Angeles for a career immersion experience, including witnessing a special delivery of horses by FedEx plane, meeting with FedEx leadership, and attending the NAACP Image Awards.
Full articleSummary: The Home Depot Foundation is committing up to $300,000 to support disaster relief and recovery efforts in states impacted by recent severe weather, collaborating with various organizations to provide immediate assistance and support. They are working to get emergency response products to stores in affected areas and have provided financial support to impacted associates through The Homer Fund.
Full articleSummary: Wells Fargo upgraded Atmos Energy's stock from Equal Weight to Overweight with a new price target of $132.00. The upgrade is based on the company's strong presence in Texas, robust customer growth, favorable regulatory environment, and anticipated rate base growth and EPS growth. InvestingPro insights highlight Atmos Energy's solid financial health, market valuation, and consistent earnings growth.
Full articleSummary: Penn Entertainment (PENN) stocks nudged slightly higher despite being downgraded by Bank of America analyst Shaun Kelley to 'neutral' from 'buy', with a reduced price target of $17.50 from $28. This downgrade was prompted by concerns over ESPN Bet's profitability taking longer to materialize.
Full articleSummary: Eli Lilly and Co's drug to treat a type of chronic inflammatory bowel disease in adults was declined for approval by the FDA due to manufacturing issues, hindering its entry into a lucrative market already occupied by competitors like Abbvie, Pfizer, and Johnson & Johnson.
Full articleSummary: Nvidia's new Blackwell GPUs for AI applications are estimated to be more expensive than previous processors, with analysts predicting prices ranging from $30,000 to $70,000 for different models. Nvidia may focus on selling servers with integrated Blackwell GPUs rather than standalone chips. Pricing for server rack systems with these GPUs could be as high as $3 million.
Full articleSummary: Elon Musk's xAI startup is in talks with Oracle to rent cloud servers for $10 billion, with negotiations ongoing but no deal signed. xAI aims to raise funds to rival OpenAI and Google, and was seeking $3 billion in funding last month.
Full articleSummary: Arecor and Medtronic are partnering to develop a new type of insulin for implantable pumps which could reduce maintenance and costs for physicians.
Full articleSummary: Oracle is in talks with Elon Musk's artificial intelligence company xAI for a potential rental deal of cloud servers worth up to $10B, making xAI one of Oracle's largest customers. The deal is not yet finalized and could span several years. Musk's xAI competes with other AI companies such as OpenAI and Anthropic.
Full articleSummary: Microsoft announced its largest investment in France with a €4B investment in Cloud and AI infrastructure, plans to skill 1 million French people by 2027, invest in renewable energy, upskill professionals on AI through the Enterprise Skills Initiative program, and support the French startup ecosystem by engaging over 2,500 startups by 2027.
Full articleSummary: The European Central Bank is partnering with major banks to test the tokenisation of securities using blockchain technology. With tokenised assets expected to surpass $14 trillion by 2030, banks like JPMorgan Chase and Deutsche Bank are exploring this innovation to improve settlement efficiency. Central banks worry about maintaining their role in the financial system as tokenisation gains momentum.
Full articleSummary: Intel is in discussions with U.S. investment company Apollo Global Management for $11 billion in funding for a chip manufacturing plant in the Republic of Ireland to diversify its chip manufacturing operations and make it more competitive in the market. Intel has been investing in various countries including U.S., China, Malaysia, Vietnam, and Israel.
Full articleSummary: Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Booking Holdings Inc. by 4.4% in the 4th quarter according to its most recent disclosure. Several other institutional investors also bought shares. CEO Glenn D. Fogel sold shares of Booking stock in transactions worth millions. Booking's stock price traded up 0.7% during mid-day trading on Tuesday.
Full article