Summary: A federal magistrate judge recommended the dismissal of a proposed class action against CVS Pharmacy Inc. related to mislabeling homeopathic pine eye drops.
Full articleSummary: Booking Holdings Inc (BKNG) has shown strong financial performance, with a current share price of $3,723.11 and a daily gain of 1.72%. The company's GF Score of 93 suggests significant growth potential in the future. With a market cap of $126.32 billion, Booking Holdings Inc is the world's largest online travel agency by sales, offering various travel services.
Full articleSummary: American Tower (AMT) stock closed higher, outperforming S&P 500. Analysts expect a slight decrease in EPS for the next earnings release but an increase in revenue. The stock currently holds a Zacks Rank of #3 (Hold) and trades at a premium valuation compared to industry averages.
Full articleSummary: Clearway Energy Inc. (CWEN) reported a first-quarter loss of 2 cents per share, beating the Zacks Consensus Estimate of a loss of 27 cents. Revenues missed estimates and declined from the year-ago quarter. The company signed agreements for new projects and provided guidance for 2024.
Full articleSummary: Alphabet is in talks with HubSpot about a potential acquisition, which could be its largest ever, aimed at expanding Google's offerings in the CRM market.
Full articleSummary: Hedge fund managers have increased their holdings in American Tower Corp (AMT) according to the latest 13F filings, with a share count increase of approximately 1.11% between 12/31/2023 and 03/31/2024.
Full articleSummary: Comcast has launched its Now Internet and Now Mobile prepaid services nationwide, offering a low-cost option for consumers with Internet starting at $30/month and Mobile at $55/month. They also introduced Now TV and Now WiFi Pass. The services aim to provide consistent and reliable connectivity tailored to customers' needs.
Full articleSummary: Rumors about Apple's upcoming iPhone 16 suggest potential new features such as power-efficient display, larger screens, better zoom lenses, action button, and new gen-AI powered capabilities, with no confirmation expected until Apple's fall event.
Full articleSummary: Booking Holdings' CEO Glenn Fogel will speak at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 20th. A live audio cast of the presentation will be available to the public.
Full articleSummary: Apple faces backlash over its new iPad ad that features a hydraulic press crushing objects and gadgets, leading to criticism on social media about the destruction of human cultural heritage and creativity.
Full articleSummary: JPMorgan's CEO of Asset & Wealth Management, Mary Callahan Erdoes, highlighted the importance of curiosity in harnessing the potential of AI during an interview with Business Insider.
Full articleSummary: Comcast launches NOW brand of prepaid Internet and mobile services, offering 'no contract' options at 'affordable' prices, but some doubt the company's true motives and benefits to consumers.
Full articleSummary: Pfizer is proposing another round of layoffs and role changes at Seagen's European headquarters in Zug, Switzerland, after finding duplication of roles and functions post-acquisition. Pfizer plans to streamline its newly combined cancer business following its $43 billion buyout of Seagen, aiming to have eight blockbuster oncology therapies by 2030.
Full articleSummary: Home Depot is facing challenges due to inflation impacting sales of big-ticket items, leading to overall decline in spending on home improvement projects. However, the retailer is aiming to increase market share among professional contractors through acquisitions and expansion.
Full articleSummary: Comcast launches Now Internet, a prepaid broadband service with no data cap, no hardware fees, and simpler pricing. The service offers slower download speeds but no contracts or promotional rate increases. Now Mobile, a $25/month wireless plan with unlimited on-phone data, is also introduced, running on Verizon's network with speed restrictions after a certain limit.
Full articleSummary: Alphabet is in talks to potentially acquire marketing software provider HubSpot, which could help Alphabet compete with other players in the market like Microsoft, Oracle, and Salesforce.
Full articleSummary: Comcast has launched NOW Internet and NOW Mobile, offering reliable pay-as-you-go services with no contracts or credit checks. The products provide flexibility, using the Xfinity network for connectivity. Comcast aims to cater to customers needing affordable and consistent internet and mobile services.
Full articleSummary: The U.S. Department of Justice is investigating Tesla's Autopilot and Full Self-Driving systems amidst concerns about the accuracy of their promotional materials. Tesla is under scrutiny for its driver assistance features and potential securities or wire fraud. The outcome of the investigations could impact not only Tesla but also the development and regulation of autonomous vehicle technologies in the future.
Full articleSummary: The Capital One acquisition of Discover has potential for creating innovative credit card rewards programs, premium cards, and better deals for merchants and consumers. It aims to increase competition in the credit card industry and potentially reduce processing fees for businesses.
Full articleSummary: Charter Communications has initiated a cash tender offer to repurchase up to $1.7 billion of its senior secured notes due in 2025 as part of its financial management strategy. The offer includes an Early Tender Premium and will expire on June 7, 2024. The purchase price for the notes will be determined by a fixed spread over the yield of a corresponding U.S. Treasury Security.
Full articleSummary: Alphabet, Google's parent company, is in talks to acquire CRM giant HubSpot. This potential acquisition is seen as a way for Google to invest heavily in growth engines beyond its traditional search business.
Full articleSummary: Ford Europe is stepping back from its EV plans, indicating that internal combustion engines could live on in their portfolio beyond 2030. The demand for electric cars has been softer than expected, leading the company to adjust its production targets.
Full articleSummary: Michele Colocci joins Lazard as vice chairman, Investment Banking and managing director, Healthcare in London, accelerating growth of Lazard's global healthcare franchise.
Full articleSummary: Two Boeing whistleblowers have died under mysterious circumstances. FedEx Boeing 767 jet faced landing difficulties upon arrival in Istanbul, Turkey, with no injuries reported. Boeing is under scrutiny for potential neglect of required quality tests on its 787 Dreamliner jets.
Full articleSummary: CytomX Therapeutics (CTMX) shares sold off after reporting initial data from an early-stage trial for its experimental cancer therapy, CX-904, which showed partial responses in two pancreatic cancer patients.
Full articleSummary: Deere (DE) is expected to report a year-over-year decline in earnings and lower revenues for the quarter ended April 2024. However, based on the Most Accurate Estimate being higher than the Zacks Consensus Estimate, there is optimism that Deere will beat the consensus EPS estimate.
Full articleSummary: Danaher has partnered with Johns Hopkins University to develop new traumatic brain injury diagnostics with a focus on diagnosing mild TBI. The collaboration will utilize technology from Danaher subsidiary Beckman Coulter Diagnostics to establish correlations between a new biomarker panel and clinical outcomes.
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