Summary: Lockheed Martin Corp. reported a decrease in profit for the first quarter compared to the previous year, but exceeded Street estimates. The company's revenue for the quarter increased by 13.7% to $17.20 billion from $15.13 billion last year.
Full articleSummary: Shareholder activists with the National Center for Public Policy Research’s Free Enterprise Project are presenting proposals at four shareholder meetings at Levi Strauss, Pfizer, Goldman Sachs, and Cigna targeting donations to radical causes, net zero plans, and DEI programs.
Full articleSummary: Intel unveils Hala Point, the world's largest neuromorphic computer designed to mimic the brain's functionalities, showcasing revolutionary advancements in computing architecture.
Full articleSummary: Google fired over 20 additional workers following protests over technology supplied to the Israeli government amidst the Gaza war. The total number of terminated staff has now reached more than 50.
Full articleSummary: Thermo Fisher Scientific Inc. (TMO) stock is currently at $572.66, up $24.28 or 4.43%, on pace for its highest close since April 11, 2024. The stock is up 3 consecutive days, with the best three-day stretch since December 13, 2023.
Full articleSummary: Pfizer and BioNTech are in a legal battle with Moderna over mRNA technology patents related to COVID-19 vaccines, with huge sums at stake in terms of sales. The competing lawsuits are part of ongoing global litigation.
Full articleSummary: Bristol Myers Squibb and Cellares entered into a worldwide capacity reservation and supply agreement for manufacturing CAR-T cell therapies valued at up to $380 million. Cellares will optimize, automate, and tech-transfer select CAR-T cell therapies from Bristol Myers Squibb onto Cell Shuttle.
Full articleSummary: Oracle Cloud Infrastructure has received authorization to host the Department of Defense's secret classified workloads, as part of the Joint Warfighter Cloud Capability contract.
Full articleSummary: Microsoft and Coca-Cola announced a five-year strategic partnership, with Coca-Cola committing $1.1 billion to the Microsoft Cloud and AI capabilities.
Full articleSummary: Philip Morris International surpassed market expectations for first-quarter profit and revenue, driven by robust demand for its heated tobacco product IQOS and Zyn nicotine pouches. The company's revenue of $8.79 billion exceeded estimates, and it reported adjusted profit of $1.50 per share, beating estimates of $1.41.
Full articleSummary: Artificial intelligence chat-bot 'Meta AI' rolled out on Facebook, Instagram, Messenger, and WhatsApp, generating mixed reactions from users.
Full articleSummary: Google's senior vice president, Prabhakar Raghavan, addresses employees, highlighting challenges in the search industry and the need to adapt to new market realities. Raghavan emphasizes the importance of faster execution, increased competition, regulatory challenges, and the company's focus on shifting resources to key markets such as India and Brazil.
Full articleSummary: ConocoPhillips (COP) has been one of the most searched-for stocks on Zacks.com lately. The company's stock performance is closely tied to earnings estimate revisions, revenue growth forecast, and valuation metrics. The Zacks Rank #2 (Buy) suggests potential outperformance in the near term.
Full articleSummary: Oracle receives approval from the Department of Defense to handle classified secret-level data, thereby putting the company on par with competitors Amazon, Google, and Microsoft in the federal cloud space.
Full articleSummary: Apple is working on securing an exclusive TV deal with FIFA for the revamped Club World Cup in 2025, potentially paying around $1 billion. This move is part of Apple's strategy to attract new customers to Apple TV+ through live sports content.
Full articleSummary: Chase announced a multi-year partnership with The Hip Hop Museum to expand access to banking and financial education in underserved communities, including offering financial health workshops and programming at the museum.
Full articleSummary: JPMorgan Chase opens a new office in Glasgow with innovative and sustainable features, highlighting its commitment to the city and local community.
Full articleSummary: Citigroup decreased Globant's price target from $275.00 to $235.00 while maintaining a buy rating on the stock. Several other research analysts have issued ratings as well, with a mix of buy and hold recommendations. The average price target is $244.24. Globant recently reported quarterly earnings, missing EPS estimates.
Full articleSummary: ConocoPhillips had its target price lifted by Susquehanna to $154.00 with a positive rating on the stock. The company also increased its dividend and insiders have been actively selling shares. Hedge funds have been modifying their positions in the company.
Full articleSummary: STG Logistics and Union Pacific Railroad announced an extended, long-term partnership to continue providing transportation and logistics solutions for consumers, emphasizing continuity and excellence within the supply chain.
Full articleSummary: Intel has been awarded Intel Foundry Phase Three of the RAMP-C program by the U.S. Department of Defense, marking a milestone in providing access to leading-edge Intel 18A technology to U.S. government and defense industrial base customers. The RAMP-C program aims to restore domestic leadership in leading-edge semiconductors and facilitate collaboration between defense industrial base and commercial companies.
Full articleSummary: Coca-Cola partners with Microsoft for $1.1bn commitment to Microsoft Cloud and its generative AI capabilities, expanding from their previous $250m agreement in 2020. Coca-Cola migrates all its applications to Microsoft Azure and is using AI across various functions like marketing, manufacturing, and supply chain to enhance customer experiences and streamline operations.
Full articleSummary: Coca-Cola has announced a $1.1bn commitment to the Microsoft Cloud and generative AI capabilities in an expanded partnership with Microsoft, aiming to accelerate AI transformation across the company and its bottlers worldwide.
Full articleSummary: Bitcoin exchange-traded funds (ETFs) received net inflows of $62.2 million on April 22, potentially driven by the announcement of a new mini-trust ETF with competitive fees of 0.15%. BlackRock IBIT also saw a net inflow of $19.7 million, with 7 out of 11 ETFs experiencing net inflows.
Full articleSummary: BlackRock's Bitcoin spot exchange-traded fund (ETF) has seen inflows for 70 consecutive trading days, growing its assets under management to $18.15 billion, tying with the U.S. Global Jets ETF in the top 10 for the longest ETF daily inflow streaks since 2004.
Full articleSummary: American Financial Group, Inc. announced that their CEOs and CFO will participate in the 2024 Wells Fargo Financial Services Investor Conference. The company will host investor meetings with material posted on their website.
Full articleSummary: Boeing faces more safety concerns as a FlySafair Boeing 737 lost a wheel during take off in South Africa, with no injuries reported. Whistleblowers have raised additional safety concerns amid allegations of sub-standard parts being used during aircraft assembly.
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