Summary: Eli Lilly is set to release its first-quarter earnings report on April 30, with key focus on sales of Zepbound, Mounjaro, and Trulicity, supply capacity, insurance coverage, and mid-stage pipeline data. Morningstar believes the stock is overvalued compared to their long-term fair value estimate of $500. The company's wide economic moat and financial strength are highlighted, but the High Uncertainty Rating is maintained due to variable outcomes for key drug launches.
Full articleSummary: Intel's XeSS technology has been added to Horizon Forbidden West Complete Edition and Avatar: Frontiers of Pandora, providing support for upscaling tech in these games.
Full articleSummary: The EUR/USD pair is trading positively near 1.0705, supported by downbeat US April PMI data. Technical analysis shows a bearish trend, but RSI suggests further upside potential. Key resistances are at 1.0715, 1.0756, and 1.0800, while key supports are at 1.0638, 1.0625, and 1.0565.
Full articleSummary: Lenovo unveils the world's first laptop combining Intel Core Ultra CPUs with next-gen LPCAMM2 memory from Micron, along with AI-ready design and NVIDIA RTX GPUs. The ThinkPad P1 Gen 7 features up to Core Ultra 9 chip with 16 cores, 22 threads, and up to 5.1 GHz, as well as LPCAMM2 memory for superior performance and energy efficiency.
Full articleSummary: BlackRock has launched four new iShares iBonds ETFs based on government bonds exposures, offering access to European government debt. The funds provide cost-effective access to the bond market with diversification, transparency, and liquidity benefits of ETFs. Investors can use these UCITS iBonds to build scalable, diversified bond ladders.
Full articleSummary: NextEra Energy (NYSE:NEE) reported results for the first quarter of 2024.
Full articleSummary: Meta Platforms Inc (NASDAQ:META) is expected to report first-quarter revenue of $36.16 billion, with analysts predicting earnings per share of $4.32. Analysts are cautiously optimistic about the company's performance, highlighting the potential impact of European regulations and the growth of artificial intelligence capabilities.
Full articleSummary: SoFi Technologies has been experiencing strong growth trends and is expected to continue growing rapidly, showing a potential for market-beating returns. In contrast, Bank of America has seen slower revenue growth and faced headwinds in a higher-rate environment.
Full articleSummary: Bristol Myers Squibb hints at more deals after announcing a licensing agreement with Century Therapeutics. CEO plans to make business development deals in the future.
Full articleSummary: State Rep. Mike Dobrinski supports the Skeleton Creek solar energy and battery storage project in Oklahoma despite concerns from some residents about property values and safety issues. The project is expected to benefit the region economically by generating taxes for local entities and stabilizing energy generation. NextEra Energy is heavily investing in the project.
Full articleSummary: Philip Morris Operations, a subsidiary of Philip Morris International, reported a slight increase in net profit to 6.3 billion dinars in 2023 compared to the previous year. The company's revenue also grew by 8.3% while operating costs increased.
Full articleSummary: Google has once again delayed the deprecation of third party cookies in Chrome due to concerns raised by the U.K. Competition and Markets Authority (CMA), impacting the broader digital marketing industry and Google's competitors.
Full articleSummary: IBM announced the creation of a half a billion dollar investment fund to invest in AI companies and cybersecurity, emphasizing innovation and talent development as key strategic axes. The company plans to invest in startups through financing, consulting support, or digital tools access. IBM Greece is experiencing growth in its software activity, with an increase in revenue from the software sector in the first quarter of the year.
Full articleSummary: IBM is in advanced talks to acquire software company HashiCorp, leading to a 19% increase in HashiCorp shares. This potential acquisition would strengthen IBM's hybrid cloud focus and complement its existing products.
Full articleSummary: Bristol Myers Squibb and Cellares have announced a worldwide capacity reservation and supply agreement for the manufacture of CAR T cell therapies valued at up to $380 million, aimed at meeting the increasing demand for cell therapies through automation and high-throughput manufacturing platforms.
Full articleSummary: Big Tech companies such as Tesla, Meta, Microsoft, and Alphabet are reporting earnings this week amidst various concerns and challenges in their businesses.
Full articleSummary: Oracle's lobbyist met with Senate aides to discuss data hosting agreement with TikTok and potential financial impacts from a ban. The meetings aimed to provide technical mitigations around Oracle's system to Senate staff.
Full articleSummary: Citigroup lowered shares of UBS Group from a buy rating to a neutral rating in a research note released on Tuesday morning. Several other research analysts have also issued reports on the stock indicating a consensus rating of Hold. UBS Group announced an increase in dividend payout accompanied by the disclosure of quarterly earnings results.
Full articleSummary: Johnson & Johnson (JNJ) stock is currently in a counter-trend phase, progressing downwards in wave Z after reaching the Fibonacci retracement level of 0.618 Z vs. X. Resistance at the $150 level may lead to further downside movement.
Full articleSummary: Market expects Eli Lilly (LLY) to deliver y-o-y increase in earnings and higher revenues in upcoming quarterly report. Estimate revisions and Earnings ESP indicate potential challenges in beating consensus. AbbVie (ABBV) expected to post declining y-o-y earnings and revenues but has history of beating consensus EPS estimates.
Full articleSummary: Caitlin Clark is set to sign an $28 million, 8-year contract with Nike, the richest sponsorship deal for a women's basketball player. Other companies like Under Armour and Adidas also participated in contract discussions but Nike seems to have secured the deal. Clark's marketability is at an all-time high following her achievements in NCAA and the WNBA draft, with her performance driving an increase in women's basketball interest.
Full articleSummary: European tech and semiconductor companies' shares rise on positive read from U.S. peer Texas Instruments' strong results and outlook; STOXX tech index up 2.3%
Full articleSummary: JPMorgan Chase opened a new modern technology home in Glasgow, showcasing its commitment to the city and its employees. The building is designed to support collaboration and employee well-being, featuring sustainable design elements and modern amenities.
Full articleSummary: Eli Lilly and Company to acquire a manufacturing facility from Nexus Pharmaceuticals in Pleasant Prairie, Wisconsin, aimed at expanding Lilly's global injectable product manufacturing network.
Full articleSummary: Tesla reported a 55% drop in profits in the first quarter of 2024 due to various challenges and global EV sales pressure. Despite the decline, the stock was up more than 10% after hours as investors embraced the news of lower-cost vehicle models and an 'unboxed' manufacturing strategy. CEO Elon Musk emphasized that Tesla should be viewed as an AI and autonomy company, not just an automaker.
Full articleSummary: Colgate-Palmolive (India) Ltd stock is up 2.01% on the day and 75.11% in the last one year, outperforming NIFTY and the Nifty FMCG index. The stock has slipped around 0.05% in the last one month. The stock's PE ratio is 57.33 based on TTM earnings ending December 23.
Full articleSummary: JPMorgan Chase and Droga5 are collaborating to raise awareness about the challenges faced by Americans with criminal records in finding employment, promoting the Clean Slate legislation. The Waiting Workforce installation features human-shaped sculptures representing states without the legislation. JPMorgan Chase estimates that integrating people with criminal records into the workforce could add $87 billion annually to the US economy.
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