Summary: Steve Happ of Indigenous Advance Ministries will address shareholders at Bank of America’s annual meeting and call for a resolution to curb viewpoint-based de-banking. He will be joined by Alliance Defending Freedom Senior Counsel and Indiana State Treasurer Daniel Elliott for a press conference following the meeting.
Full articleSummary: Coca-Cola signed a $1.1 billion five-year deal with Microsoft to use its cloud computing and artificial intelligence services, building on their successful partnership. The company is utilizing AI to enhance customer experiences, streamline operations, foster innovation, and discover growth opportunities.
Full articleSummary: Pfizer Canada is investing $500,000 in McMaster University's Global Nexus to support inclusive excellence in research and vaccine development, aimed at addressing critical gaps in health equity.
Full articleSummary: Caitlin Clark signs a $28 million sponsorship deal with Nike, the richest in women's basketball history, spanning eight years and includes a signature shoe. She has also had previous deals with State Farm, Panini America, and Gainbridge.
Full articleSummary: IBM is expected to report higher revenues from the consulting segment in the first quarter of 2024, driven by collaborations involving generative AI technology and the use of IBM Garage methodology.
Full articleSummary: Legal dispute between Moderna, Pfizer, and BioNTech over alleged patent infringement on Covid-19 mRNA vaccine technology begins in multiple countries including the UK, US, and Germany.
Full articleSummary: Bristol Myers Squibb (BMS) partners with Cellares to enhance manufacturing of CAR T cell therapies through a $380m capacity reservation and supply agreement, expanding manufacturing footprint globally.
Full articleSummary: RTX, a subsidiary of Raytheon, has broken ground on expanding its Missile Integration Facility at Redstone Arsenal, which is expected to create 185 new jobs and increase space for defense programs by over 50%.
Full articleSummary: FedEx Express reaffirms its commitment to sustainability by participating in tree planting campaigns and engaging in environmental community services.
Full articleSummary: Cisco's recent study highlights a surge in the use of AI technologies in cybersecurity strategies among UAE organizations. 91% of companies surveyed are integrating AI in their security defenses, mainly in threat detection, response, and recovery.
Full articleSummary: The Coca-Cola Company partners with Microsoft to develop generative AI across its core systems, investing $1.1bn in Microsoft Cloud and gen AI capabilities.
Full articleSummary: Disney is changing its Disability Access Service policy to only allow visitors with developmental conditions like autism spectrum disorder to request a return time, which has sparked outrage from a coalition of guests with various disabilities. This comes after a significant increase in people abusing the disability system to skip lines at Disney parks.
Full articleSummary: Ford Motor Company released its annual sustainability report, showing progress on workers' and Indigenous Peoples' rights but disappointing results on clean steel and aluminum. They have made advancements in respecting human rights and supporting a living wage, but have not shown significant progress in cleaning up supply chains for steel and aluminum.
Full articleSummary: Palantir Technologies is facing an overwhelming demand for its software due to the current AI frenzy, which is prompting a shift from its CEO Alex Karp's previous strategy of not hiring salespeople.
Full articleSummary: RTX beat first-quarter earnings estimates due to demand for missile defense systems and strength in the commercial aftermarket business. Pratt and Whitney, a subsidiary of RTX, reported a sales rise of 23% amid an inspection drive to check for flawed components in its GTF jet engines. Operating profit at RTX's defense arm, Raytheon, jumped 74% due to demand for the Patriot defense system and gains from divesting cybersecurity, intelligence, and services business.
Full articleSummary: GE Aerospace stock was up 6% after releasing first-quarter results, with strong earnings and revenue growth in the aerospace unit.
Full articleSummary: IBM collaborates with The King Abdullah Financial District (KAFD) to achieve LEED Platinum certification for green neighborhood development using AI capabilities, showing how technology can support sustainable building operations.
Full articleSummary: RTX Corp (NYSE: RTX) is trading down in premarket despite beating Street estimates for its first financial quarter, possibly due to the disappointment among investors over the company not raising its full-year guidance.
Full articleSummary: GE Aerospace shares surged over 7% after reporting revenue in line with analyst estimates, beating profit expectations, and raising full-year outlook for operating profit.
Full articleSummary: Disney reveals plans for a Spider-Man-themed roller coaster to be built next to Shanghai's Zootopia land, as per a government filing in Shanghai. The coaster will have outdoor tracks and launch zones, with an official announcement of the project expected in 10 days.
Full articleSummary: Novartis AG is experiencing growth fueled by key drugs while also facing challenges with generic competition and pipeline setbacks. American Express Co. is seeing strong revenue growth but is cautioned due to rising expenses and debt levels. ConocoPhillips is benefitting from a robust oil and gas production outlook, although inflationary pressures may impact margins.
Full articleSummary: Apple is developing its own AI server processor using TSMC's 3nm process for mass production by the second half of 2025 to enhance its data centers and AI tools.
Full articleSummary: Tesla recalled nearly 4,000 Cybertrucks due to an accelerator defect, indicating the total number of trucks sold since November rollout. Sales volume suggests Tesla is a strong competitor in the domestic electric truck market, positioning Cybertruck as a key component of the company's future.
Full articleSummary: Bank of America Corp (BAC) reported earnings with shares initially dropping but now on a six-day winning streak, reaching highest level since November 2022. A 'buy' signal is present and the stock could potentially reach $44.77, a level not seen since February 2022. Puts are popular among short-term traders while an elevated SVS reading of 77 suggests outsized moves.
Full articleSummary: Stock market indices like DJIA, Nasdaq, and S&P 500 are all trading higher today, driven by positive earnings reports and economic data such as rising home sales and record profits. However, the manufacturing and services PMI for April fell, indicating a potential slowdown in economic growth.
Full articleSummary: Virdee, a leader in guest experience technology, announced its Virtual Reception platform and SDK are available on Oracle Cloud Marketplace and can be integrated with Oracle OPERA Cloud via OHIP. Virdee offers a contactless hotel experience, automating check-in, secure identity verification, room choice, upgrades, mobile key, in-lobby kiosk, and more.
Full articleSummary: Salesforce has been in talks to acquire data-management software provider Informatica, which has sparked market excitement and apprehension. However, the deal fell through as the companies could not agree on terms, causing Informatica's stock to drop more than 9%. The potential acquisition was seen as a move by Salesforce to enhance its data cloud offering and stay ahead in the gen AI and data cloud management field.
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