Summary: Diageo appoints Nik Jhangiani as CFO and board member to succeed Lavanya Chandrashekar who is returning to the US after three years in the role. Chandrashekar has been instrumental in delivering a 10.5% net sales value CAGR during her term. Jhangiani, with over 30 years of finance experience, joins from Coca-Cola Europacific Partners.
Full articleSummary: Booking Holdings Inc (NASDAQ:BKNG) saw its shares climb in early trading following the release of strong first quarter results and price target increases by several analysts.
Full articleSummary: Honeywell announced a new technology that can produce sustainable aviation fuel (SAF) from biomass, which is 90% less carbon-intensive than traditional fossil-based jet fuels. The technology can produce 3-5% more fuel, reduce costs by up to 20%, and minimize waste flows of byproducts compared to other commonly used hydroprocessing technologies.
Full articleSummary: Chevron's plans to drill two wells offshore Egypt have been delayed to 2025 due to a lack of rig availability.
Full articleSummary: Yong Rong HK Asset Management becomes the largest holder in BlackRock iShares Bitcoin ETF (IBIT) by buying $38 million. Bloomberg analyst warns about potential outflows if the firm sells off its holdings or migrates to a Hong Kong-based spot Bitcoin ETF.
Full articleSummary: Coca-Cola Company announced the election of corporate officers and declaration of regular quarterly dividend.
Full articleSummary: Apple increased dividends and stock buyback program, Amgen gave an encouraging update on potential drug, Booking Holdings beat earnings forecasts.
Full articleSummary: AstraZeneca is expected to see industry-leading top-line growth by 2025-2030 due to new products and strong pipeline. QUALCOMM benefits from Snapdragon chipsets and digital platform, but faces challenges in soft demand and high debt. FedEx is implementing cost-saving plans to navigate weak business environment post-COVID for fiscal 2024.
Full articleSummary: IBM has launched the 2024 IBM Quantum Challenge, an annual educational coding contest open to participants of all experience levels from beginners to seasoned quantum computing professionals. The challenge focuses on the newly released Qiskit 1.0 and aims to enhance capabilities in utility-scale quantum experiments.
Full articleSummary: Thermo Fisher Scientific introduces a new urine-based assay to detect CXCL10 chemokine for kidney transplant recipients, aiming to provide faster and more convenient monitoring of rejection.
Full articleSummary: Union Pacific Railroad announced a new domestic intermodal service offering faster transit time from Southern California to the Chicago area, with a premium train running daily between City of Industry and Global 2 near Chicago.
Full articleSummary: Lockheed Martin has pulled back on its offer to acquire Terran Orbital for $1 per share. Terran Orbital is adopting a stockholder rights plan and continuing strategic review to maximize shareholder value.
Full articleSummary: Amgen is preparing for Phase 3 testing of a new injectable drug candidate, called MariTide, that could challenge the duopoly of Novo Nordisk and Eli Lilly in the market for injectable obesity medications. MariTide offers dosing and manufacturing advantages over competitors, with a more favorable dosing schedule and potentially fewer side effects.
Full articleSummary: Booking Holdings Inc reported better-than-expected first-quarter room night reservations and gross travel bookings, with solid performance in Europe and Asia Pacific markets. Adjusted earnings per share and revenue also exceeded analyst estimates, leading to a dramatic rise in net income.
Full articleSummary: Coca-Cola HBC AG has repurchased 98,175 of its ordinary shares as part of its ongoing share purchase program initiated in November 2023.
Full articleSummary: Nvidia is introducing its upcoming Blackwell architecture with high-end configurations like the NVL72 which consists of 72 GPUs and 36 CPUs and NVL36 with 36 GPUs and 18 CPUs. The flagship configuration is priced at $3 million. Production is expected to start in the second half of 2024 with a goal of shipping 40,000 units by 2025.
Full articleSummary: Honeywell International Inc. introduced two new satellite communication systems to enhance in-flight connectivity within business jets and strengthen its leading position in the Aerospace market. The company also announced the deployment of its GoDirect Flight Efficiency software by International Airlines Group across its fleet, providing valuable insights for pilots and improving flight-planning capabilities. Honeywell is focusing on expanding its range of Connected Aircraft offerings to capitalize on long-term expansion in markets like aerospace.
Full articleSummary: Christina Shim has been appointed as IBM's Chief Sustainability Officer, succeeding Wayne Balta who is retiring after a 40-year career at IBM. Christina brings almost 20 years of experience and is expected to build on Wayne's legacy to further advance IBM's sustainability efforts.
Full articleSummary: Nvidia CEO Jensen Huang's relentless work ethic, engaged leadership style, and dedication to communication with employees has played a significant role in leading Nvidia to a $2 trillion valuation and becoming the third most valuable company in the world.
Full articleSummary: Booking Holdings Inc, parent company of Booking.com, reported strong results for the first quarter, issuing mixed outlooks for the next quarter and beyond. Analysts mostly maintained positive ratings post-release, with bullish sentiments due to solid revenue growth and strategic expansion plans.
Full articleSummary: Intel (NASDAQ:INTC) reveals that its processors are now powerful enough for AI, leading to a modest gain in shares. The firm's Intel Core Ultra processor line can now support over 500 AI models, positioning Intel as a strong contender in the AI market. Intel's competitors like Qualcomm (NASDAQ:QCOM) and AMD (NASDAQ:AMD) have not made similar announcements yet, hinting at a potential first-mover advantage for Intel in the AI sector.
Full articleSummary: IBM has launched its annual Quantum Challenge for developers, using the Qiskit quantum SDK to progress towards utility-scale quantum experiments. The challenge runs from June 5 to June 14, welcoming participants of all experience levels. It aims to showcase new Qiskit 1.0 features like a code assistant powered by IBM's generative AI, Watsonx.
Full articleSummary: Summit Global Investments decreased its stake in MetLife by 58.8% during the fourth quarter. Several other institutional investors and hedge funds also made changes to their positions in the stock. MetLife stock is up 0.4%.
Full articleSummary: PayPal users in the United States can now seamlessly purchase Shiba Inu (SHIB) tokens internally through the partnership with MoonPay. This integration allows users to fund their crypto purchases using PayPal balance, debit cards, or direct bank transfers without manual input.
Full articleSummary: IBM and SAP maintain a strong partnership focused on cloud migration and emerging technologies like GenAI and Quantum. IBM offers a range of services including consulting, infrastructure, and data management to support SAP users. The collaboration aims to accelerate the migration to cloud and enhance business transformation using AI technologies.
Full articleSummary: Meta has obtained $30 billion worth of NVIDIA GPUs for training their AI models, with plans to release more variations of Llama-3 in the upcoming months. Other tech companies like Microsoft and OpenAI are also aiming to acquire millions of GPUs for their AI development.
Full articleSummary: Alphabet Inc. (GOOG) experienced a -1.67% drop in its stock price in the latest trading session, lagging behind the S&P 500 and the tech-heavy Nasdaq. Analysts expect a year-over-year decline in earnings and a slight increase in revenue in the upcoming earnings report. The Zacks Rank is currently at #4 (Sell) for GOOG, and the company has a Forward P/E ratio and PEG ratio indicating a premium valuation compared to its industry.
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