Summary: Danaher Corp. reported first-quarter profit of $1.09 billion, with earnings surpassing Wall Street expectations and revenue exceeding Street forecasts.
Full articleSummary: Apple's smartphone shipments in China decreased by 19% in the first quarter, leading to a loss in market share to competitor Huawei, which saw a 70% increase in sales. Apple dropped to the third position in smartphone sales in China, behind Vivo and Huawei. Despite the decline, there are expectations for Apple to recover in the second quarter with new color options and sales initiatives.
Full articleSummary: Danaher Corporation reported its first quarter 2024 results, with net earnings of $1.1 billion, a 2.5% decrease in revenues year-over-year to $5.8 billion, and non-GAAP adjusted diluted net earnings per common share of $1.92. The CEO expressed satisfaction with the company's performance and highlighted positive order trends in key business segments. Danaher provided a forecast for the second quarter 2024, expecting a mid-single-digit decline in non-GAAP core revenue, and a low-single-digit decline for the full year 2024.
Full articleSummary: JTC is set to acquire First Republic Trust Company of Delaware (FRTC-DE) from JP Morgan Chase in an all-cash deal valued at $21 million, with the goal of expanding its personal trust services in the US market.
Full articleSummary: Danaher Corporation announced its first quarter 2024 results with net earnings of $1.1 billion, revenues decreasing by 2.5% year-over-year, and non-GAAP core revenue decreasing by 4.0%. The company also provided outlooks for the second quarter and full year 2024, expecting a decline in non-GAAP core revenue for both periods.
Full articleSummary: Danaher Corporation reported its first quarter 2024 results with net earnings of $1.1 billion, revenues decreasing 2.5% year-over-year, and operating cash flow of $1.7 billion. The Company anticipates a mid-single-digit decline in non-GAAP core revenue for the second quarter 2024 and a low-single-digit decline for the full year 2024.
Full articleSummary: Danaher reported better-than-expected Q1 EPS and revenue figures. Company anticipates a decrease in non-GAAP core revenue for both Q2 and full year 2024.
Full articleSummary: Cellares and Bristol Myers have reached an agreement to enhance, automate, and transfer specific CAR-T cell therapies onto Cellares' Cell Shuttle platform, aiming to advance turnaround time and bolster Bristol Myers' global network of cell therapy manufacturing facilities.
Full articleSummary: Nike offers a variety of gift ideas for graduating students, including shoes and apparel suitable for both men and women. The gifts cater to different interests such as trail running, golfing, or lounging at home. Nike's sale on Jordans is available until April 24th.
Full articleSummary: Ford Pro is introducing an extended range option for the E-Transit commercial vehicle, expanding the customer applications for Europe’s best-selling large electric van. This new option includes an 89 kWh battery for a driving range of up to 402 km, faster AC and DC charging, standard heat pump for efficient heating, and enhanced charging performance. Ford Pro is also adding a new factory-supported E-Transit minibus model to their electric line-up.
Full articleSummary: Eli Lilly is acquiring a drug plant from Nexus Pharmaceuticals in Wisconsin to expand its manufacturing capacity for injectable medicines, expecting production to begin by the end of next year.
Full articleSummary: Japan's Fair Trade Commission (FTC) concludes that Google unfairly blocked Yahoo Japan from accessing ad technology, will not fine Google. FTC found Google's actions limiting competition but decided against penalties. Google facing increased scrutiny in other countries as well.
Full articleSummary: Benioff Marc reported his address as 415 Mission Street, San Francisco, CA in relation to Salesforce, Inc. [CRM]
Full articleSummary: Bank of America Corporation acquired or disposed of financial instruments in Drax Group plc, leading to approximately 12.23% of voting rights.
Full articleSummary: Google is offering 60 percent margin to partners on new Workspace business, providing lucrative incentives to drive significant new business and differentiation compared to competitors like Microsoft and AWS.
Full articleSummary: The market's bull rally driven by excitement about AI faced a temporary decline but remains positive. AI stocks like Arm Holdings (ARM), Nvidia (NVDA), and Micron Technology (MU) rebounded after a recent sell-off. The news of SoftBank Group investing in AI infrastructure boosted confidence in the sector.
Full articleSummary: RWA Wealth Partners LLC increased its position in Bristol-Myers Squibb by 112.3% during the fourth quarter, with the fund now owning 68,703 shares worth $3,525,000. Several other institutional investors also made changes to their positions in BMY. Bristol-Myers Squibb reported $1.70 EPS for the quarter, beating analysts' estimates. The company also declared a quarterly dividend and has been the topic of various research analyst reports.
Full articleSummary: California Public Employees Retirement System reduced its stake in shares of Medtronic plc (NYSE:MDT) by 1.5% during the fourth quarter, with institutional investors like Ritholtz Wealth Management, Wedge Capital Management, and others making changes to their positions. The company had a successful quarterly earnings report, beating estimates and showing revenue growth.
Full articleSummary: Federated Hermes Inc. reduced its holdings in Bristol-Myers Squibb by 75.2% in the fourth quarter, while other institutional investors have been buying and selling shares. Wall Street analysts have given Bristol-Myers Squibb a consensus rating of 'Hold', with some analysts adjusting their price targets and ratings for the stock. Bristol-Myers Squibb reported positive earnings results for the quarter and announced a quarterly dividend.
Full articleSummary: Lockheed Martin's rotary and mission systems division secures $157 million contract with the U.S. Air Force to sustain enterprise management software of air-launched cruise missile system.
Full articleSummary: Bristol Myers Squibb (BMS) signed a worldwide capacity reservation and supply agreement with Cellares for CAR T cell therapy manufacturing valued at up to $380 million in upfront and milestone payments.
Full articleSummary: Salesforce launched 'Reboot the Earth', a climate-focused hackathon in collaboration with five United Nations agencies, inviting individuals from various backgrounds to develop solutions addressing climate crisis.
Full articleSummary: Dow Jones futures and major indices are set to open higher Tuesday. Nvidia rebounds while big earnings reports include Microsoft, Boeing, Tesla, Meta Platforms, and Alphabet. Cadence Design Systems, Nucor, Packaging Corporation of America report earnings with stock prices plunging. Economic data featuring first-quarter GDP and the Fed's inflation gauge is expected to show slower growth. American Express posts strong earnings, Google parent Alphabet and other stocks near buy zones.
Full articleSummary: Dow Jones, S&P 500, and Nasdaq 100 futures were higher ahead of the stock market open with big earnings reports expected from companies like Microsoft, Boeing, Tesla, Meta Platforms, and Google parent Alphabet. Cadence Design Systems, Nucor, and Packaging Corporation of America reported earnings results, with Cadence stock plunging 6%, Nucor shares selling off 6.1%, and Packaging shares tumbling 5.2%.
Full articleSummary: Capital One Financial (NYSE:COF) saw a sell-off despite beating estimates on earnings and revenue, with concerns stemming from Visa's earnings report and investors possibly taking profit.
Full articleSummary: Shares of Tesla Inc. (TSLA) have plummeted, while six S&P 500 stocks have experienced a surge due to an inverse correlation to Tesla's performance. Deutsche Bank analyst Emmanuel Rosner predicts further downside for Tesla's stock.
Full articleSummary: WNBA superstar Caitlin Clark is reportedly set to sign an eight-year, $28 million deal with Nike, including a signature shoe line, making her one of the highest-paid female athletes in endorsements. Other shoe companies like Under Armour, Adidas, and Puma also tried to secure a deal with her, but Nike was eventually the only one able to match her financial expectations.
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