Summary: VMware changes its security advisory accessibility by requiring users to sign up for a Broadcom Support account first, which has been widely criticized by security professionals and industry experts. Following Broadcom's acquisition of VMware, concerns regarding product evolution, pricing, licensing changes, and customer backlash have surfaced. European cloud trade body CISPE has condemned Broadcom for its changes in framing, pricing, and minimum licensing requirements.
Full articleSummary: Severe storms in Memphis are causing potential FedEx delivery delays across the US with contingency plans in place.
Full articleSummary: Restrictions on US companies exporting chips to Huawei may have significant implications for Huawei and the US chipmaking industry. US is also taking steps to bolster its own chip manufacturing capabilities to reduce reliance on China.
Full articleSummary: Meta Platforms (NASDAQ: META) stock slipped after its recent earnings report in April, with investors concerned about increased capital spending on AI and lighter Q2 revenue guidance. Exane BNP Paribas initiated coverage on Meta with an underperform rating and $360 price target. The company's focus on metaverse and AI raises profitability concerns.
Full articleSummary: PayPal introduce Complete Payments, un servizio progettato per le PMI italiane che offre vantaggi come una vasta gamma di opzioni di pagamento e strumenti avanzati per gestire le operazioni quotidiane.
Full articleSummary: European antitrust regulators open in-depth investigation into Broadcom's proposed $61 billion bid for VMware due to concerns over competition restrictions in certain hardware components market, which could lead to higher prices, lower quality, and less innovation for consumers. Broadcom expects transaction to close in fiscal year 2023 and continues to work with the European Commission. Regulators worldwide are increasing scrutiny of Big Tech deals.
Full articleSummary: Google I/O, the annual developers conference, is approaching with expectations of unveiling Android 15 updates, AI updates, and the new Pixel 8A. Rumors suggest a mix of hardware and software updates will be showcased during the keynote.
Full articleSummary: Charter Communications, Inc. is launching a cash tender offer to buy back up to $1.7 billion of its 4.908% senior secured notes due 2025 through its subsidiaries.
Full articleSummary: A whistleblower has claimed that one of Boeing's largest suppliers, Spirit AeroSystems, allowed aircraft fuselages to leave the factory with up to 200 defects. The supplier allegedly pressured employees to prioritize meeting quotas over ensuring quality control inspections.
Full articleSummary: The latest version of AlphaFold AI, AlphaFold 3, can now predict not only protein structure but also how proteins interact with other biomolecules like DNA and RNA, potentially speeding up drug discovery and biological research.
Full articleSummary: Severe storms including tornadoes struck Midwest and Central United States, causing destruction of homes and commercial buildings, power outages, and state of emergency declared in Michigan; Dollar General Corporation, The Home Depot, Inc.
Full articleSummary: Companies are trying to reduce their dependency on Nvidia's AI chips.
Full articleSummary: Microsoft is investing billions in developing its Mount Pleasant data center and training over 100,000 AI workers in Wisconsin. The company is set to spend $3.3 billion by 2026 for the initial phase of the data center, with plans for significant expansion in the future.
Full articleSummary: Nvidia has reported significant revenue and net income for the fourth quarter of last year due to surging AI demand, overtaking Qualcomm to become the biggest chip designer by revenue with an estimated market share of 33%, and capturing over 80% of the AI accelerator market.
Full articleSummary: Tesla purchased at least $2 million worth of Lidar sensors from Luminar, representing around 10% of the manufacturer's revenue this quarter. The purpose of these sensors remains unclear and has sparked speculation.
Full articleSummary: Bloomberg's report discusses potential successors to Apple's current CEO Tim Cook, with John Ternus being the most likely candidate if Cook stays for at least another three years.
Full articleSummary: Costco reported a 5.5% growth in adjusted comparable store sales for April.
Full articleSummary: Coca-Cola has introduced a new peach-flavored soda called Peach Coca-Cola exclusively at Zaxby's, which will later be available in Coca-Cola Freestyle machines nationwide.
Full articleSummary: Oracle (NYSE: ORCL) was recognized as a Leader in the IDC MarketScape for Utilities due to its advanced customer platform meeting industry innovation and regulatory needs.
Full articleSummary: Qualcomm, a peer of Nvidia, is well-positioned to benefit from the growing adoption of AI-enabled smartphones as it aims to capture a bigger share of the smartphone processor market. With its revenue from chip sales increasing and expectations of accelerated growth, Qualcomm presents an attractive investment opportunity compared to Nvidia.
Full articleSummary: Resilience providers such as Enchanted Rock, PowerSecure, and Caterpillar are expected to experience major growth due to the increasing demand for consistent energy supply in the face of climate-induced natural events.
Full articleSummary: Stokes Family Office LLC reduced its holdings in JPMorgan Chase & Co. by 28.8% during the fourth quarter. Analysts have set diverse price targets for JPM shares with varying ratings. JPMorgan Chase & Co. recently announced an increase in their quarterly dividend.
Full articleSummary: TikTok is increasing transparency by automatically labeling AI-generated content and implementing Content Credentials technology. Other companies like Adobe, OpenAI, and Microsoft are also integrating similar technology.
Full articleSummary: A 22-year-old college student tested positive for HIV after routine screening exams at an urgent care facility in Baton Rouge, Louisiana, linked to Gilead's FOCUS program which focuses on screening and diagnosis of HIV, hepatitis B and C, and linkage to care. The partnership has successfully reduced late-stage HIV diagnoses in Baton Rouge by half.
Full articleSummary: Merit Financial Group LLC decreased its position in MetLife, Inc. by 13.7% in the 4th quarter, while other hedge funds increased their holdings in the company. MetLife reported quarterly earnings that met estimates. The company also announced an increase in dividend and a $3 billion share buyback program. There were insider sales at MetLife as well.
Full articleSummary: Lockheed Martin expresses enthusiasm following successful approval of F-16 fighter jets sale and modernization kits to Türkiye, highlighting collaboration opportunity and enhanced partnership between the two nations.
Full articleSummary: The National Highway Traffic Safety Administration is demanding answers from Ford regarding significant safety concerns around a proposed fix for a fuel leak issue affecting thousands of Ford SUVs. Ford's proposed repair for the fuel leak issue is being questioned by NHTSA for not addressing the root cause of the problem, leading to concerns about the safety of the fix. The agency has requested extensive documentation from Ford regarding the issue and possible alternative fixes.
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