Summary: FedEx Express has partnered with Zonos to enhance the global online shopping experience by providing transparency on customs processes and charges, aiming to eliminate unexpected fees and reduce shipping delays, as well as simplify compliance for retailers.
Full articleSummary: English High Court is set for a legal battle involving Moderna, Pfizer, and BioNTech over Covid patents. Moderna alleges Pfizer and BioNTech breached its patents and seeks compensation. The trial is expected to last under four weeks in London.
Full articleSummary: Informatica denies acquisition talks with Salesforce after media reports, Salesforce backed away from acquisition due to disagreement on terms, Informatica reaffirms full-year financial forecast and expects first quarter results to be in upper half of previous forecast range
Full articleSummary: Pyrophyte Acquisition Corp. (NYSE: PHYT) received a notice from the NYSE stating it is not in compliance with filing its Annual Report on Form 10-K for 2023 with the SEC, but has until October 17, 2024, to regain compliance. The company requires more time to complete the review.
Full articleSummary: Giovanni Caforio, former Bristol Myers Squibb CEO, has been proposed as the new chair at Novartis, with a plan to stand for election in 2025. Novartis credits Caforio for transforming BMS into a global medicines company with expertise in R&D and commercialization. Novartis, traditionally not an aggressive buyer in the pharma space, may continue its strategy focusing on bolt-on deals even with Caforio's potential appointment.
Full articleSummary: The Town of Wellington Board of Trustees signed a franchise agreement with Comcast of Colorado to improve broadband internet services.
Full articleSummary: Google Pixel devices, including Pixel 7, Pixel 8, Pixel 8 Pro, and Pixel Fold, have been experiencing issues with missing calls and texts. A fix is now available through the second April Pixel OTA update which Google claims should resolve the cellular bug.
Full articleSummary: Salesforce is expanding its climate-friendly initiatives to include grid de-carbonization, global equity, and compliance with new SEC rules on climate disclosures. The company is part of the ZEROgrid initiative along with General Motors, Meta and Walmart to decarbonize the power grid and is advocating for innovations in sustainable aviation fuel and green steel.
Full articleSummary: Euronet Worldwide's stock was upgraded from a neutral rating to a buy rating by Citigroup with a price target of $120.00. Several other equities research analysts also issued buy ratings for the company, leading to a consensus rating of Buy and a consensus price target of $120.75. Euronet Worldwide has been performing well with strong quarterly earnings results.
Full articleSummary: Deere & Co. reached a tentative labor agreement with the United Auto Workers union, but a strike that began on Oct. 14 will continue pending workers' vote on the proposed contract which includes wage increases and covers thousands of workers across different states.
Full articleSummary: Eli Lilly and Company (NYSE:LLY) is acquiring a manufacturing facility in Pleasant Prairie, Wisconsin to expand its global parenteral product manufacturing network and support increased demand for its medicines. The facility is expected to begin production by the end of 2025.
Full articleSummary: Pharmaceutical firms Moderna and Pfizer/BioNTech are in a legal battle over patents for Covid vaccine technology in London. Moderna claims that Pfizer and BioNTech breached patent law for its Comirnaty vaccine, while the latter denies infringement.
Full articleSummary: Cisco is hiring a Software Engineer to design and build a platform for API onboarding and management at their Bangalore and Pune locations. The ideal candidate will automate building infrastructure, manage test automation, configure CI/CD pipelines, write test plans, and work on multiple projects.
Full articleSummary: American Tower is set to announce its quarterly earnings before the market opens on April 30th. Analysts expect earnings of $2.45 per share for the quarter. The company's FY 2024 guidance is between $10.21-10.45 EPS, and its FY24 guidance is also $10.21-10.45 EPS. American Tower recently cut its dividend as well.
Full articleSummary: Vietnam's FPT plans to build a $200 million AI factory using Nvidia's graphics chips and software to boost AI research and develop AI applications. The two firms also signed a comprehensive strategic partnership.
Full articleSummary: Pfizer's Emblaveo, a drug for multidrug-resistant infections, has been approved in the EU. The combination antibiotic can treat serious infections caused by MDR Gram-negative bacteria, including 'superbug' pathogens. The drug's label covers various infections, and its approval is seen as a positive development in the fight against antimicrobial resistance.
Full articleSummary: Boeing and its engineers/technicians union, SPEEA, are at an impasse over the proposed creation of the Aviation Safety Action Program (ASAP) for safety concerns reporting without retaliation. The impasse is due to Boeing wanting to control the information flow to the tri-party panel, while SPEEA wants direct flow to the panel. The program is already in place with the touch-labor union, IAM, and Boeing.
Full articleSummary: International Business Machines (IBM) was downgraded by investment analysts at StockNews.com from a 'buy' rating to a 'hold' rating. Several other analysts have also provided mixed ratings on the stock. IBM last posted quarterly earnings results and beat the consensus EPS estimate.
Full articleSummary: Eli Lilly and Company is set to acquire a manufacturing facility from Nexus Pharmaceuticals, expanding Lilly's global parenteral product manufacturing network. The facility in Pleasant Prairie, Wisconsin, is FDA-approved and production is estimated to begin by the end of 2025. The acquisition aims to support increased demand for Lilly's medicines.
Full articleSummary: Salesforce is one of the most mentioned companies in news. Merger talks with Informatica ended due to disagreement. Salesforce calls for environmental impact disclosures in AI.
Full articleSummary: Major financial institutions such as Bank of America, Goldman Sachs, and JPMorgan Chase are tightening regulations on remote and hybrid-working arrangements, requiring employees to show up at the office more frequently in response to the changing work landscape due to the COVID pandemic.
Full articleSummary: Patient Capital Management's 'Patient Capital Opportunity Equity Strategy' outperformed the S&P 500 in the first quarter of 2024, with a return of 11.8% net of fees. The strategy attributed its outperformance to selection and allocation effects, partially offset by interaction effects.
Full articleSummary: Medtronic plc has been rated as 'Hold' by eleven analysts, with one sell recommendation, four hold recommendations, and six buy recommendations. The average 12-month price target is $94.91. The company's stock has been given various price target upgrades and ratings by research analysts.
Full articleSummary: Google confirmed the termination of 20 more employees related to protests against the company's cloud computing contract with the Israeli government, following previous firings due to the disruptions caused by the protests. Google CEO Sundar Pichai emphasized that the workplace is not a place for disruptive politics.
Full articleSummary: Eli Lilly and Company is scheduled to announce its earnings results. Analysts expect earnings of $2.61 per share for the quarter, with FY 2024 guidance set between $12.20-12.70 EPS. The company previously reported $2.49 EPS for the last quarter. Several brokerages have upgraded Eli Lilly and Company's stock with buy ratings and increased price targets.
Full articleSummary: Eli Lilly and Company agreed to acquire a manufacturing facility to expand its global parenteral product manufacturing network. The facility does not provide contract manufacturing services and is expected to start production by the end of 2025. Lilly is investing in new facilities to address supply shortages for its weight loss and diabetes drugs.
Full articleSummary: Kenneth Herbert from RBC Capital maintained a Hold rating on Lockheed Martin (LMT) with a price target of $470.00. Jefferies also maintained a Hold rating on the stock with a price target of $485.00. Insider sentiment is negative on the stock.
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