Summary: Tesla has cancelled plans to set up an EV factory in Thailand, Malaysia or Indonesia and will focus solely on setting up charging stations, following a layoff of the executive team. Tesla has decided to cancel such plans across Asia and beyond, including disbanding the executive team. The ASEAN race to lure Tesla's business is over.
Full articleSummary: Meta integrates Meta AI chatbot into WhatsApp, Instagram, and Facebook Messenger in India, powered by Llama 3 for image generation capabilities.
Full articleSummary: 1. Amgen Inc. reported strong second-quarter results with 20% revenue growth across various medicines, including in-market portfolio, rare diseases, and oncology. Robust performance was driven by volume growth and positive reception of key drugs like Repatha, EVENITY, and BLINCYTO. 2. The company is confident in its long-term growth outlook, with a focus on innovation and capital allocation priorities. They have initiated activities to further expand MariTide manufacturing capacity and are committed to retiring debt by the end of 2025. 3. Forward-looking statements were made regarding the potential of MariTide in obesity, obesity-related conditions, and type 2 diabetes, with plans for a broad Phase III program, and the progress and insights gained from R&D efforts in rare diseases were highlighted.
Full articleSummary: The latest report on the Biopharmaceuticals Market provides a comprehensive analysis of the industry, including market size, trends, competitive landscape, and future growth prospects.
Full articleSummary: McDonald's is launching a new Collector’s Meal which includes six cups reminiscent of past beloved McDonald’s items, available for a limited time starting on Aug. 13.
Full articleSummary: Meta Platforms Inc. is selling investment-grade bonds to boost cash pile for heavy spending on artificial intelligence.
Full articleSummary: Abbott (ABT) and Medtronic announced a major partnership in the diabetes technology space, collaborating on a system combining Abbott's CGMs with Medtronic's insulin delivery systems.
Full articleSummary: The Walt Disney Co. surpassed Wall Street expectations with revenue of $23.2 billion, income of $3.1 billion, and EPS of $1.43 in fiscal Q3 due to the success of its entertainment business and earlier than expected profitability in its streaming segment. However, the experiences division, including theme parks, reported a softer quarter.
Full articleSummary: Chevron is relocating its headquarters from San Ramon, California, to Houston, Texas, and announced several senior leadership changes with retirements and appointments.
Full articleSummary: A federal judge denied Union Pacific's motion to dismiss a class action lawsuit alleging violation of Illinois' genetic information privacy law when asking job applicants about family medical histories. The judge ruled that the plaintiffs have standing to sue under the Genetic Information Privacy Act (GIPA).
Full articleSummary: Lowes Companies stock did not trade on the NYSE three years ago due to the weekend. The stock price has increased by 26.55% since then, with the value of the investment now at 1,265.51 USD.
Full articleSummary: The press release by Orbis Research provides an overview of a comprehensive evaluation of the Express Delivery market dynamics, including market shares, strategies, product offerings, and manufacturing capabilities of key players, along with insights into upcoming technologies and regulatory frameworks. It also delves into market segmentation by type and application.
Full articleSummary: U.K.'s creative community, represented by Creators’ Rights Alliance, issues warnings to tech giants including Microsoft, Google, OpenAI, Apple, demanding end to unauthorized use of copyrighted material for AI development. Concerns raised about AI's impact on creators' livelihoods.
Full articleSummary: Emerson Electric Co reported higher-than-expected quarterly earnings of $1.43 per share, beating analyst expectations.
Full articleSummary: Origis Energy secured $71 million in tax equity financing from U.S. Bancorp Impact Finance for Rice Creek Solar, a 75 MWac project in Putnam County, FL, under contract with the Florida Municipal Power Agency.
Full articleSummary: FedEx St. Jude Championship introduces a new fan experience called The Bluff at 14 on the 14th hole of TPC Southwind featuring various amenities and activities for fans to enjoy during the event in Memphis from August 14-18.
Full articleSummary: The 'Magnificent Seven' tech stocks, including Amazon, Apple, Alphabet, Nvidia, Meta, Microsoft, and Tesla, suffered heavy losses amounting to around $653 billion in a recent sell-off on Monday but are showing signs of rebounding, led by chip giant Nvidia.
Full articleSummary: Eli Lilly is expected to report Q2 earnings of $2.74 per share, a significant increase from $1.96 per share in the same quarter last year. Analysts are also anticipating a 19.94% increase in sales to $9.97 billion compared to the prior year quarter. For the current fiscal year, analysts project a substantial growth in earnings per share and revenue compared to the previous year.
Full articleSummary: AC Milan is set to finalize a deal for Tottenham fullback Emerson Royal at a transfer fee between €15-16m after discussions for several weeks.
Full articleSummary: CVS Health reported mixed Q2 earnings, lowered 2024 outlook, and reshuffled segment management. The company missed revenue consensus but beat adjusted EPS expectations. Health Care Benefits segment showed growth while Health Services segment saw a decline.
Full articleSummary: Elon Musk announced on Twitter that Tesla will have genuinely useful humanoid robots in low production for internal use next year. Various emerging humanoid robots are also being developed for tasks in factories, service industry, social care, and even for intimate relationships. Challenges in achieving human-like capabilities and interactions with humanoid robots persist despite advancements in technology and AI.
Full articleSummary: Comcast has submitted 91 applications in the second round of the Commonwealth of Massachusetts Broadband Infrastructure Gap Networks Grant Program to connect more homes and businesses in 91 communities to the Xfinity network. Comcast has a proven track record of investing in the state and has received over 140 letters of support from local communities.
Full articleSummary: Comcast submitted 91 applications in the second round of the Massachusetts Broadband Infrastructure Grant Program to expand high-speed broadband availability in underserved locations across the state. The company aims to connect more homes and businesses to its Xfinity network through this program.
Full articleSummary: AC Milan and Tottenham to finalize Emerson Royal deal tomorrow for €15m plus add-ons package.
Full articleSummary: Ford Motor Company appoints Lucien Pinto as the new President and CEO for Ford of Mexico, Puerto Rico, Central America, and the Caribbean, focusing on growth and consumer satisfaction.
Full articleSummary: Amazon Bedrock offers customization capabilities for generative AI applications through Prompt Engineering, Retrieval-Augmented Generation (RAG), and Model Customization. The blog post highlights how customization techniques like fine-tuning Claude 3 Haiku for Thomson Reuters and implementing RAG-based solutions for Buy with Prime have led to improved AI results and customer experiences.
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