Summary: Nike's unveiling of the Rattlesnake hue for Devin Booker's signature shoe, the Nike Book 1, has created immense excitement among sneakerheads due to its unique design inspired by nature and Devin Booker's personal journey.
Full articleSummary: Bristol Myers Squibb's Type II variation application for Opdivo plus Yervoy for the first-line treatment of colorectal cancer has been validated by the EMA, based on positive results from a study.
Full articleSummary: Disney announces details for the 2024 Mickey's Not-So-Scary Halloween Party season including new character greetings, events, and pricing. Ticket prices will range from $119 - $199, up from 2023.
Full articleSummary: IBM's software portfolio is now available in 92 countries worldwide through a partnership with AWS Marketplace, including 19 countries in Africa. Customers can access IBM's data and AI platform, watsonx, through Marketplace. IBM and AWS are expanding collaborative efforts in cloud-related services.
Full articleSummary: Pfizer appointed Andrew Baum, previously Head of Pharmaceutical Equity Research at Citi, as Chief Strategy and Innovation Officer, replacing the previous Chief Strategy Officer.
Full articleSummary: Despite delivering a strong Q1 performance with positive outlook, long-term secular issues persist for Pfizer, including highly leveraged balance sheet and challenges in replacing revenue from expiring patents. The recent stock rally led to overvaluation, prompting a 'Strong Sell' recommendation.
Full articleSummary: Elon Musk suggests Warren Buffett invest in Tesla stock after Berkshire Hathaway sold Apple shares; Buffett has hinted Berkshire will mainly keep holding Apple shares in future. Berkshire's insurance head is cautious about Tesla's insurance plans regarding autonomous vehicles.
Full articleSummary: Investors should focus on companies with revenues and profits like Alphabet (NASDAQ:GOOGL) instead of investing in loss-making 'story stocks'. Alphabet has shown consistent EPS growth at 21% per year over three years, with increasing EBIT margins and revenue, aligning the executives' interests with shareholders and maintaining reasonable CEO compensation. Insiders hold a considerable amount of wealth in the company, valued at US$215b, reinforcing confidence in the company's future.
Full articleSummary: Rumors and leaks have started emerging about the upcoming iPhone 16 series, which is expected to bring new AI-based features with iOS 18. Changes are speculated in terms of camera, design, and display.
Full articleSummary: BlackRock and Temasek have partnered to fund private companies focusing on decarbonisation and the net zero economy, closing their Decarbonization Partners Fund I at US$1.4 billion with a target of US$1 billion.
Full articleSummary: Amazon Web Services (AWS), Microsoft, and Google Cloud battled for global cloud market share leadership in Q1 2024, with the market increasing to $76 billion. Combined, AWS, Google Cloud, and Microsoft Azure accounted for 67% of the global cloud services market. Enterprise spending on cloud infrastructure services in Q1 2024 exceeded $76 billion, growing 21% year over year.
Full articleSummary: Bristol Myers Squibb Co. announces the EMA's validation of its Type II variation application for Opdivo plus Yervoy in the first-line treatment of adult patients with mCRC, based on promising results from CheckMate -8HW study.
Full articleSummary: Broadcom Inc. will report its second quarter fiscal year 2024 financial results and business outlook on June 12, 2024, after the market closes. A conference call will follow to discuss the results and business outlook.
Full articleSummary: The US FDA has accepted Bristol Myers Squibb's BLA for subcutaneous formulation of Opdivo along with Halozyme's recombinant human hyaluronidase for previously approved solid tumour indications, with a regulatory decision expected on 28 February. Data from the Phase III CheckMate-67T study showed subcutaneous nivolumab met noninferiority criteria for serum concentration and objective response rate compared to IV Opdivo, with a safety profile similar to the IV version.
Full articleSummary: Boeing, despite being favored in a NASA contract with SpaceX, fell behind in the commercial crew space race to develop a crew capsule, facing financial losses due to delays and technical challenges.
Full articleSummary: Intact Investment Management Inc. reduced its stake in Alphabet Inc. by 6.2% in the 4th quarter, selling 1,900 shares. Several other institutional investors also made changes to their positions. Wall Street analysts have given buy ratings for Alphabet stock with raised price targets. Alphabet stock was up 0.4%. Alphabet announced a quarterly dividend of $0.20.
Full articleSummary: Alliance Wealth Advisors LLC UT raised its stake in Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter. Other institutional investors and hedge funds have also made changes to their positions in the company. Alphabet disclosed its recent dividend announcement. Insiders at Alphabet have been actively selling shares. Several research firms have recently upgraded their price targets for GOOGL stock.
Full articleSummary: Medeloop, an AI platform for clinical research, welcomes Amir Dan Rubin to its board of directors, with an investment from Healthier Capital. The company introduces ART, an AI Research Agent, to streamline and accelerate clinical research processes. Medeloop collaborates with renowned research institutions and aims to reshape clinical research with advanced AI capabilities.
Full articleSummary: BlackRock is expanding its investment capabilities in private markets in Asia-Pacific and aiming for a greater share of private clients' portfolios by tripling its capital deployment into private assets in the region.
Full articleSummary: AI is reshaping the service industry in India, with a majority of service organizations using or planning to invest in AI technologies. The focus is on enhancing efficiencies, transforming roles into revenue-generating entities, and meeting rising customer expectations.
Full articleSummary: Mogy Joel R Investment Counsel Inc. reduced its position in Alphabet Inc. (GOOGL) by 1.8% in the fourth quarter, while other institutional investors and hedge funds have also adjusted their holdings. Alphabet's stock has been performing well with a 0.4% increase recently. The company recently declared a quarterly dividend and insiders have been actively involved in selling company shares.
Full articleSummary: Bristol Myers Squibb's application for subcutaneous formulation of Opdivo accepted by the FDA, with a target action date set for Feb. 28, 2025.
Full articleSummary: International Business Machines Corp. (IBM) rates highest using a Multi-Factor Investor model based on the strategy of Pim van Vliet, seeking low volatility stocks with strong momentum and high net payout yields.
Full articleSummary: Intel has requested motherboard makers to implement its 'Default Settings' for 14th & 13th Gen CPUs as BIOS defaults, switching from the 'Extreme' to 'Baseline' profiles to address stability issues. The 'Intel Default Settings' profile sets PL1/PL2/PL4 to lower power limits, impacting overall performance.
Full articleSummary: Boeing is set to launch humans to space for the first time Monday night aboard its Starliner capsule, although the mission is years behind schedule and over budget.
Full articleSummary: Apellis Pharmaceuticals, Inc. will host a fireside chat at the Bank of America Securities Healthcare Conference on May 14, 2024.
Full articleSummary: Barcelona's relationship with Nike almost broke down due to a bizarre spat involving Robert Lewandowski.
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