Summary: The FDA has issued a Class I recall for Medtronic's neonatal intensive care systems due to sensor failures in detecting airway obstructions.
Full articleSummary: Microsoft Corp. and Coca-Cola have announced a strategic partnership to align Coca-Cola’s core technology strategy with Microsoft Cloud and AI capabilities. This five-year deal includes a $1.1 billion commitment to the Microsoft Cloud by Coca-Cola. The collaboration will focus on experimenting with new technology like Azure OpenAI Service and Copilot for Microsoft 365 to drive innovation and productivity globally.
Full articleSummary: Intel has sent out over 100 feature patches for the upcoming Linux 6.10 kernel merge window for the Xe kernel graphics driver, including improvements for Lunar Lake processors and next-generation Xe2 graphics. The Xe driver is aiming to be the default in use over the i915 driver.
Full articleSummary: Comparison between benefits of Amazon Prime and Costco membership, highlighting the advantages of Costco membership in terms of bulk discounts on groceries, additional perks such as travel services, auto center, and affordable gas, and the flexibility to cancel membership for a refund. Suggests that having both memberships could complement each other nicely.
Full articleSummary: Apple Inc. plans a special event on May 7 to unveil new iPads and accessories after a long break.
Full articleSummary: The article provides insights into the Capital One Venture X Rewards Credit Card, discussing credit score recommendations and tips for potential applicants. It highlights the benefits and features of the card, as well as suggestions for those who may not meet the credit score requirements.
Full articleSummary: Danaher Corp. (DHR) reported first-quarter profit of $1.09 billion and earnings of $1.92 per share, surpassing analysts' expectations. The company also exceeded revenue forecasts.
Full articleSummary: Banks are facing challenges from activism, disclosing climate metrics, and adjusting to new Federal Reserve and FDIC policies. Shareholders are pressuring banks to disclose energy supply financing ratios. Large bank mergers are likely to be stifled by newly proposed FDIC policy.
Full articleSummary: Apple is set to hold an event on May 7 where it is expected to unveil the long-anticipated revamped versions of iPad Pro and iPad Air, first overhaul since 2018, as iPad sales have been on the decline.
Full articleSummary: Giovanni Caforio, former CEO of Bristol Myers Squibb, is set to become the next board chairman of Novartis, replacing Joerg Reinhardt. Novartis announced the planned succession alongside first quarter earnings that beat Wall Street forecasts. Reinhardt plans to retire when his term ends in 2025.
Full articleSummary: Larry Fink, CEO of BlackRock, advocates for improving retirees' financial security through innovative retirement savings strategies and diversification. He emphasizes the importance of personal savings, pension plans, and investments, particularly in light of outdated retirement systems designed for shorter lifespans.
Full articleSummary: Comcast Business has launched a Managed Detection and Response (MDR) service for medium and large enterprises, offering advanced cybersecurity measures to combat cyber threats by combining technology and human analysis. Comcast leverages Rapid7's SecOps platform for comprehensive threat detection and response capabilities.
Full articleSummary: Google fired an additional 20 workers who were involved in protests over the company's cloud-computing contract with the Israeli government, bringing the total number of fired workers to 50. The protests were organized by No Tech for Apartheid group, which claims that some workers were terminated despite not actively participating in the activism.
Full articleSummary: Lockheed Martin (LMT) reported better-than-expected earnings per share of $6.33 and revenue of $17.20 billion for the first quarter of 2024, surpassing analyst estimates of $5.81 for EPS and $15.99 billion for revenue.
Full articleSummary: Oracle has conducted discussions with Senate aides regarding managing data for TikTok users amidst potential legislation that could lead to a ban on TikTok. Analysts note significant financial impacts for Oracle if a ban were to occur.
Full articleSummary: The New York Stock Exchange is considering opening trading up 24 hours a day, seven days a week, led by Steve Cohen's 24 Exchange. This move would not be the first time NYSE has considered the shift.
Full articleSummary: Novartis AG and Danaher Corp. beat earnings estimates, while Cadence Design Systems Inc. and Nucor Corp. missed forecasts. General Motors Co. raised profit forecast. Hibbett Inc. was acquired by JD Sports Fashion. Kimberly-Clark Corp. beat Q1 earnings forecasts, while Cleveland-Cliffs Inc. fell short of expectations.
Full articleSummary: Chevron attorney stated in court that the company supports scientific conclusions that humans are causing climate change. The lawsuit accuses five major energy producers of misleading the public about their role in global warming. The companies argue that the case should be dismissed as regulatory agencies, not courts, have authority over fossil fuel production and emissions.
Full articleSummary: Sigma Planning Corp reduced its position in Comcast Co. by 62.7% during the fourth quarter, selling 42,376 shares, worth $1,104,000. Various other institutional investors including Northern Trust Corp, Bank of New York Mellon Corp, LSV Asset Management, Raymond James & Associates, and Sumitomo Mitsui Trust Holdings Inc. have made changes to their holdings in Comcast.
Full articleSummary: GE Aerospace reported a strong first-quarter performance with a 15% rise in revenue on a standalone basis, while revenue including GE Vernova increased by 11%. CEO Larry Culp mentioned a tremendous demand cycle for services as air travel continues to grow. GE Aerospace raised its 2024 guidance and maintained its outlook for revenue growth and free cash flow.
Full articleSummary: J.P. Morgan analyst Stephen Tusa maintains a bullish stance on HON stock, giving a Buy rating due to strong expected earnings performance and undervaluation compared to peers.
Full articleSummary: Philip Morris Limited (PML) has launched a Digital Trade Engagement Platform called HEATWAVE OPEN to support convenience retailers stocking IQOS, which has become PMI’s top international nicotine brand, surpassing Marlboro. The platform offers retailers the ability to order IQOS ILUMA and TEREA, along with a range of smoke-free products, while providing support services, educational tools, and rewarding schemes.
Full articleSummary: RTX Corp (NYSE:RTX) reported strong Q1 2024 financial results with a 12% increase in revenue year-over-year, surpassing estimates, significant rise in EPS, and record backlog, showcasing its strong market position.
Full articleSummary: Home Depot is currently running a massive Spring Black Friday sale with discounts on a variety of categories including indoor and outdoor power tools, patio furniture, and large kitchen appliances. The sale ends on April 28, providing customers with limited time to take advantage of the deals.
Full articleSummary: Caterpillar has been ordered to pay $100 million to International Construction Products over a terminated agreement for direct online sales of Chinese construction equipment in the U.S. after a jury trial.
Full articleSummary: Stock market experiences a positive day with major indices jumping, General Motors and Super Micro Computer see strong gains, while PepsiCo and Tesla face dips in share price.
Full articleSummary: Danaher Corporation reported its first quarter 2024 results, with net earnings of $1.1 billion, a decrease in revenues by 2.5% year-over-year to $5.8 billion, and operating cash flow of $1.7 billion. The company anticipates a mid-single digits decline in non-GAAP core revenue for the second quarter 2024 and a low-single digits decline for the full year 2024.
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