Summary: Comcast Business has increased Internet speeds for customers nationwide, introducing its fastest Internet plans yet - Ultimate Speed for Business. They have also rolled out next-generation multi-gigabit symmetrical business Internet speeds in select markets. Comcast leverages Full Duplex technology to increase upstream speeds without sacrificing downstream speeds.
Full articleSummary: Pfizer agrees to settle over 10,000 lawsuits regarding Zantac's potential cancer risks, while GlaxoSmithKline (GSK) faces similar lawsuits and Sanofi settles 4,000 lawsuits for $100 million.
Full articleSummary: NDP leader criticizes federal Liberals for giving nearly $26M to Costco and Loblaw for energy-efficient appliances
Full articleSummary: Apple CEO Tim Cook designed his own Nike Air Max shoe, which features a rainbow color scheme reminiscent of Apple's OG logo. The design, although not bad, has been criticized for looking generic and lacking the expected sleek and stylish tech aesthetic.
Full articleSummary: PepsiCo stock has a bullish Golden Cross pattern forming, along with positive earnings beat and analyst sentiments. The company's pricing power and diversified product portfolio have contributed to its resilience and growth. Analysts are optimistic about PepsiCo's future performance.
Full articleSummary: British neobank Monzo raised $190 million from new investors, bringing the total to $610 million this year. The latest funding values Monzo at $5.2 billion and the company plans to use the cash for new products and international expansion. Monzo also achieved profitability and is diversifying into lending, savings, and plans to launch pensions and mortgages products.
Full articleSummary: Market indexes had muted starts due to sluggishness in tech stocks after Fed official Neel Kashkari's statements. Bullish sentiment remains as Deutsche Bank reported an increase in stock buybacks, reaching $262 billion this earnings season. Major tech stocks like Amazon, Nvidia, and Alphabet were in the red today.
Full articleSummary: Fernando Rivas, a JPMorgan Chase veteran, has been appointed as co-CEO of Wells Fargo's corporate and investment banking business to bolster the bank's dealmaking and trading operations. Wells Fargo has been making strategic hires to enhance its capabilities in corporate finance and advisory operations.
Full articleSummary: Fernando Rivas, a JPMorgan Chase veteran, has been named senior executive vice president and co-CEO of Wells Fargo’s corporate and investment banking business. Rivas had more than 28 years at JPMorgan, recently serving as its head of North American investment banking.
Full articleSummary: Nike has unveiled the latest colorway of its Nike Air Vapormax 2023 Flyknit sneaker in 'Medium Olive/Pink Oxford', equipped with the latest Max Air technology and sans midsole for a lightweight and versatile feel.
Full articleSummary: Deere (NYS: DE) carries $1.2 billion of goodwill and other intangibles on its balance sheet, with a low intangible assets ratio of 2% and a tangible book value of $6.4 billion, indicating a strong financial position. Comparing to other companies in the industry, Deere seems to be in good shape.
Full articleSummary: Apple has unveiled the iPad Pro 2024 featuring a thin design, lush OLED display, and the new M4 chip promising improved performance and efficiency. Initial reviews suggest it could be one of the most stunning tablets to date.
Full articleSummary: Digital Realty reported a 3% decrease in revenues for Q1 2024, marking the second consecutive quarter of revenue declines. The company also sold a majority stake in a stabilized data center to GI and acquired land for a new data center in Osaka, Japan.
Full articleSummary: A young patient died due to cardiac arrest after receiving Pfizer's experimental gene therapy being tested for Duchenne muscular dystrophy.
Full articleSummary: Microsoft (NASDAQ: MSFT) continues to impress investors with its stellar performance, including a significant increase in market capitalization to $3 trillion and strong business wins in artificial intelligence (AI). The recent earnings report showcased remarkable growth in cloud and Azure services, a rise in operating income by $5.2 billion, a profit margin increase to 45%, and cash returns up to $8.4 billion.
Full articleSummary: Google's AlphaFold software, developed by DeepMind AI, has received a significant upgrade allowing it to model various biological molecules with high accuracy, aiding in drug discovery and understanding protein interactions. The software will be made available for free to outside researchers via the cloud.
Full articleSummary: Gilead Sciences, Inc. collaborates with Tentarix Biotherapeutics to discover new therapies for cancer and inflammation. Gilead expects this collaboration to strengthen its position in protein therapeutics and provide access to next-generation biologics. Gilead's shares have lost 7.3% this year.
Full articleSummary: White-collar workers are increasingly using AI tools at work to manage overwhelming emails, web chats, and meetings, even without company training. Microsoft and LinkedIn's report highlights the rapid adoption of AI among workers seeking relief from work overload.
Full articleSummary: Analyst Suvro Sarkar reiterated a Buy rating on ConocoPhillips (COP) with a $140.00 price target, citing strong production growth, strategic acquisitions, financial stability, shareholder-friendly practices, and positive market outlook. Barclays also maintained a Buy rating with a $158.00 price target. Corporate insider sentiment is negative due to increased selling by insiders.
Full articleSummary: Broadcom Inc. announced Automic® Automation solution now available as Software as a Service (SaaS), providing advanced workload automation and workflow orchestration capabilities across mainframe, distributed, and hybrid cloud environments.
Full articleSummary: Oracle introduced a new AI-powered upskilling solution called Oracle Grow for Business Leaders within the Oracle Fusion Cloud Human Capital Management (HCM) platform. This tool aims to support employee development, strengthen organizational agility, and maximize business success through features like Leadership-Driven Role Guides, Centralized Leader Dashboard, Innovative Internal Mobility, and the Skills Aggregation Platform.
Full articleSummary: Former Starbucks CEO Howard Schultz expresses concerns about the company's strategy and calls for a focus on improving core products. Investors are speculating about a potential return of Schultz as CEO amidst declining sales trends. Some analysts believe the company needs to simplify its approach to turn the business around.
Full articleSummary: IBM and SAP have announced a new collaboration to integrate generative AI capabilities and industry-specific cloud solutions, aiming to enhance client productivity and innovation. The initiative, named Value Generation partnership, focuses on developing new AI capabilities, intelligent industry use cases, and expanding the ecosystem through collaborations.
Full articleSummary: Broadcom is changing the way it sells its VMware Cloud on AWS product in order to gain control over customer relationships and revenue. The move aims to capture direct revenue from its products and is part of a strategy to position VMware as the hybrid cloud platform for enterprise customers.
Full articleSummary: ExxonMobil announced the closure of its Research and Engineering facility in Clinton Township, impacting nearly 600 employees who will be relocated to the Houston area. The consolidation is part of establishing a new technology hub in Houston.
Full articleSummary: Tesla (TSLA) shares are under pressure as the Justice Department investigates possible wire and securities fraud related to misleading claims about its self-driving capabilities. Analyst Dan Levy highlights the uncertainty around Tesla's shift in investment thesis towards autonomous technology and robotaxi services, presenting binary outcomes and fundamental challenges. Levy mentions concerns about stagnant demand and uncertain growth, emphasizing the need to monitor regulatory risks. The ongoing validation of Full Self-Driving (FSD) and upcoming events like the AI Day and Robo Taxi launch will influence Tesla's narrative and outlook.
Full articleSummary: Deere & Company (NYSE: DE) will hold its second quarter 2024 earnings call on Thursday, May 16, beginning at 9:00 a.m. central time.
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