Summary: Analysts have issued new ratings on PROCEPT BioRobotics (PRCT), Amgen (AMGN), and Elevation Oncology (ELEV) in the Healthcare sector. PROCEPT BioRobotics received a Buy rating with a price target of $64.00, while Amgen was rated as Hold with a price target of $352.00. Elevation Oncology received a Buy rating with a price target of $10.00.
Full articleSummary: Pfizer announced the death of a patient in a Phase II study for its investigational gene therapy in Duchenne muscular dystrophy, impacting its Phase III trial. The company is working to understand the incident and ensure patient safety.
Full articleSummary: Emerson Electric raised its full-year profit forecast due to steady demand in measurement and analytical devices from chemical, oil and gas industries and strength in factory control software.
Full articleSummary: Microsoft is planning a major expansion of artificial intelligence education and job training programs in southeast Wisconsin, along with the significant acceleration of the Mount Pleasant data center project. President Joe Biden will join President Brad Smith to highlight Microsoft's moves that include providing training to 100,000 workers and aiming to make Wisconsin a global leader in manufacturing by bolstering business and workers' participation in 'the AI economy'.
Full articleSummary: Microsoft and LinkedIn released the 2024 Work Trend Index on AI at work, highlighting the significant increase in professionals adding AI skills to their profiles and employees bringing their own AI tools to work, posing challenges for leaders to move to tangible business impact.
Full articleSummary: Microsoft and LinkedIn released the 2024 Work Trend Index report on the state of AI at work. The report shows increased AI adoption among employees but also highlights concerns among leaders about a lack of AI vision and plan implementation. Both Microsoft and LinkedIn are introducing new AI capabilities and tools to empower professionals at all levels to advance their AI skills.
Full articleSummary: Microsoft announces plans to build a $3.3 billion artificial intelligence data center in Mount Pleasant and create 2,000 permanent jobs, as well as establish a manufacturing-focused AI Co-Innovation Lab in partnership with TitletownTech and the Green Bay Packers. The project is part of a broader initiative to invest in innovation, workforce development, and AI infrastructure, including providing training for data center and STEM roles and strengthening Wisconsin's position as an AI hub.
Full articleSummary: A Boeing 767 cargo plane crashed upon landing in Turkey due to landing gear failure, resulting in intense scrutiny on Boeing's safety issues and controversies. No one was injured, but the incident adds to an already troubled history of mishaps and whistleblowers' deaths at the company.
Full articleSummary: Lockheed Martin has agreed for Poland to join the supply chain for the PAC-3 interceptor launch vehicle and F-16 Fighting Falcon jet, enabling local professionals to develop and sustain elements of these systems. Poland has completed offset projects for the PAC-3's Advanced Electronic System, Junction Box, and Engine Control Unit, as well as F-16 aircraft maintenance projects, under Lockheed Martin's guidance. The collaboration aims to uplift Poland's defense industry, provide job opportunities, and modernize its defense sector.
Full articleSummary: Target Hospitality Corp. reported first-quarter net income of $20.4 million, with a profit of 20 cents per share.
Full articleSummary: One of US express carrier FedEx’s Boeing 767-300ER freighters had a landing incident at Istanbul due to nose-gear failure. The plane landed safely after two missed approaches and no injuries were reported. The runway was closed for investigations and removal of the aircraft.
Full articleSummary: Odele Beauty, a brand focusing on clean label hair products, has seen significant growth since its inception in 2019, reaching over $30 million in sales in just four years. The company has secured a multiyear sponsorship agreement with the WNBA's Minnesota Lynx and plans to expand its advertising efforts through major platforms like billboards and streaming channels.
Full articleSummary: Texas Instruments Incorporated underperforms in analog segment with intense competition from Analog Devices Inc. in power semiconductors. Company has heavy exposure to Discrete Semiconductors and Other Analog ICs segments with lower market growth, hindering overall performance. Limited competitiveness in RF, Optoelectronics, and Sensors segments further contribute to underperformance in semiconductors market. Weighted CAGR of 8.1% compared to DAO market growth of 9.2%, indicating continued underperformance.
Full articleSummary: Aadi Bioscience, Inc. provided financial results for Q1 2024, highlighting FYARRO® sales of $5.4 million and announcing the full enrollment of the PRECISION1 trial with plans for a two-thirds interim analysis in Q3 2024. Additionally, Phase 2 trials in EEC and NETs are progressing well.
Full articleSummary: Emerson Electric reported better-than-expected 2Q adjusted EPS, net sales, Intelligent Devices sales, Software and Control sales, and underlying sales growth. Analysts on Smartkarma have been providing insightful coverage on the company's strategic actions, recent financial results, and performance indicators.
Full articleSummary: Merit Financial Group LLC lessened its position in Intuit Inc. by 73.2% in the 4th quarter, with the investor selling 2,411 shares of the software maker's stock. Several other hedge funds also made changes to their positions in INTU. Intuit disclosed a quarterly dividend of $0.90, representing an annualized dividend of $3.60 and a yield of 0.57%. Wall Street analysts have a positive outlook on Intuit, with an average target price of $650.23.
Full articleSummary: Emerson Electric Co. (EMR) raised its adjusted earnings and net sales growth guidance for the full-year 2024, and provided outlook for the third quarter. The company also announced plans for share repurchases and dividend payments.
Full articleSummary: Immunome, Inc. announced that its President and CEO will present at the Bank of America Healthcare Conference on May 15, 2024.
Full articleSummary: Oracle announced a new AI-powered upskilling solution within Oracle Grow for Business Leaders to support employee development and strengthen organizational agility by helping leaders quickly develop, upskill, and empower their teams. The solution includes leadership-driven role guides, centralized leader dashboard, workforce transparency for strategic roles, innovative internal mobility, and a skills aggregation platform.
Full articleSummary: Alphabet (NASDAQ: GOOG, GOOGL) announced a dividend of $0.20 per share and had a strong Q1, with revenue increasing 15% year over year to $80.5 billion. The stock jumped nearly 10% following the earnings report. Alphabet's business is thriving across various divisions like advertising, Google subscriptions, devices, and Google Cloud.
Full articleSummary: Microsoft and Coca-Cola announced a strategic partnership focused on cloud and AI initiatives, Coca-Cola migrates all applications and cloud operations to Azure, NVIDIA acquires AI startup Run:ai for around $700 million to optimize infrastructure for AI workloads, The International Olympic Committee plans to leverage AI in the Olympic Games focusing on identifying promising athletes, personalizing training methods, and enhancing viewing experience for spectators.
Full articleSummary: Emerson Electric raised its full-year profit forecast on steady demand in its valve unit, expecting EPS of $5.40 to $5.50. Second-quarter sales at its discrete automation unit fell while overall revenue rose 17%.
Full articleSummary: LTIMindtree and IBM collaborated to establish a Global Generative AI Center of Excellence in India, focusing on offering a comprehensive suite of services to accelerate clients' generative AI adoption journeys.
Full articleSummary: Several insiders at Bristol-Myers Squibb Company (NYSE:BMY) have sold stocks over the past year, which could raise concerns for shareholders. Insider transactions indicate more selling than buying, potentially signaling a red flag. However, insider ownership stands at 0.07% of the company's shares, suggesting some alignment with insiders.
Full articleSummary: Lockheed Martin (NYSE:LMT) has shown steady growth in earnings per share (EPS) and revenue over the past three years, indicating a positive trend. The company's high earnings before interest and taxation (EBIT) margin, along with its recent revenue growth of 5.2% to US$70b, bodes well for its competitive advantage in the market. Additionally, the substantial insider ownership further aligns the interests of shareholders and management, making Lockheed Martin a stock worth keeping an eye on.
Full articleSummary: Paula Marconi has been appointed as the new Chief Marketing Officer of PepsiCo Europe. She joins from Kraft Heinz and has previous experience at AB InBev and Unilever. Marconi's role will focus on delivering sustainable profitable category growth, innovation, and brand building for PepsiCo in Europe.
Full articleSummary: BNY Mellon appointed Kunio Watanabe as Japan country executive, who will lead the business in Japan and be part of the Asia Pacific Leadership Council. BNY Mellon and Accenture will collaborate to revamp financial services products with a focus on data management and analytics, aiming to accelerate the development of wealth management technology options and provide unique client experiences.
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