Summary: Nike rehires retired senior executive Tom Peddie to focus on improving relationships with retailers as the company faces falling sales.
Full articleSummary: Palantir's Foundry and Artificial Intelligence Platform certified on Oracle Cloud Infrastructure (OCI) and generally available, collaboration with Oracle to accelerate AI initiatives, OCI provides flexible compute infrastructure for efficiency, performance, and security.
Full articleSummary: foodpanda's grocery delivery service, pandamart, partners with Coca-Cola Philippines to provide complimentary refreshments to freelance delivery partners for Father's Day season.
Full articleSummary: Meta is offering a 'Play Now, Pay Later' scheme for its Meta Quest 3 headset bundles, but it may not be as cost-effective as initially claimed.
Full articleSummary: Wolfe Research raises price target for NVIDIA (NVDA) to $150 from $125 per share, citing positive supply chain checks and strong growth projections for CY25.
Full articleSummary: Texas Rangers defeat Los Angeles Angels 9-4 with a strong hitting performance, extending their winning streak to four games.
Full articleSummary: Defense contractors in Q1 reported strong results with revenues beating analyst estimates on average. General Dynamics (NYSE:GD) reported a mixed quarter with higher revenues but missed EPS and backlog estimates. Northrop Grumman (NYSE:NOC) had a stellar quarter surpassing revenue expectations. Mercury Systems (NASDAQ:MRCY) had the weakest performance missing revenue estimates. Lockheed Martin (NYSE:LMT) reported impressive results beating revenue and earnings estimates. Jacobs (NYSE:J) also had a weaker quarter missing revenue expectations.
Full articleSummary: Attovia Therapeutics announced the election of Mitchell H. Gold, M.D., and Angie You, Ph.D., as independent members of its Board of Directors, who bring extensive expertise in biotech and pharmaceutical industries.
Full articleSummary: Moderna wins against Pfizer in mRNA patent wars as UK court finds plaintiff's 2020 patent pledge does not block enforcement efforts
Full articleSummary: Central bank considering changes to capital layer calculations for global systematically important banks, which may potentially reduce the GSIB surcharge for largest U.S. banks such as JPM, BAC, WFC, C, GS, MS, BK, STT.
Full articleSummary: Deere announces layoffs to balance its workforce due to decrease in product demand.
Full articleSummary: The PYUSD stablecoin supply on Solana and Ethereum blockchains has surpassed $500 million with increased adoption on Solana, leading to a significant surge in trading volumes.
Full articleSummary: Raymond James upgraded Gilead to Outperform with a $93 price target, citing positive data from lenacapavir study and expected seladelpar approval.
Full articleSummary: Napoli and Coca-Cola extend and expand their partnership for the 2024-25 season with Coca-Cola becoming Napoli’s global training kit partner, including logo on the kit used by the first team and the youth side in training sessions and ahead of all competitive fixtures.
Full articleSummary: Redburn Atlantic initiates coverage of Emerson Electric with a Buy rating and $135 price target, highlighting the company's significant transformation towards automation.
Full articleSummary: The Zacks Manufacturing - Farm Equipment industry is expected to gain from sustained demand for agricultural equipment despite challenges like weak commodity prices and high costs. Major players like Deere, Kubota, AGCO Corp., Lindsay, and CNH Industrial are well-poised to benefit by expanding product offerings and investing in advanced technology. Despite the dull industry rank, these companies are expected to perform well.
Full articleSummary: Microsoft AI usage overview highlights the practical value and limitations of AI for government agencies and businesses. Emphasizes the need for human oversight in maximizing the value of AI tools. Notes that current AI tools are fundamentally machine calculations, lacking true internal 'thought' processes.
Full articleSummary: Ontario government launches searchable online map for alcohol purchases during LCBO strike, drawing angry reactions from striking workers.
Full articleSummary: Eli Lilly gains FDA approval for Kisunla, projected to generate $5 billion in peak annual sales, competing in the Alzheimer's treatment market alongside Leqembi. The company also has promising growth drivers in the obesity and MASH/NASH markets.
Full articleSummary: A new 'busiest ever' Starbucks store opens at Heathrow Terminal 5 in the UK to serve hundreds of customers every hour, featuring a design inspired by coffee-growing regions and a focus on efficiency for on-the-go passengers.
Full articleSummary: Corning provided upbeat guidance on upcoming earnings, expects first year-over-year revenue growth since October 2022, and broke into new all-time high territory. Intel rallied following a bullish story in Barron’s, building a strong bottom at $30 and showing bullish momentum. Super Micro Computer saw fresh buying interest as large cap technology stocks perform well in July, and shares are expected to break above $900 with moving averages turning bullish.
Full articleSummary: Caterpillar plans to showcase industry leading technologies, cutting-edge innovations, and customised solutions for mine sites at MINExpo 2024, reinforcing its position as a global industry leader in mining technology.
Full articleSummary: BlackRock's BUIDL tokenized treasury fund has surpassed a $500 million market cap milestone, becoming the largest of its kind. The tokenized treasuries market has seen significant growth, reaching a value of over $1.8 billion, with positive industry outlook.
Full articleSummary: Thermo Fisher Scientific is close to finalizing its $3.1 billion acquisition of Olink, a Swedish provider of protein analysis equipment and services, after receiving approval from UK antitrust authorities.
Full articleSummary: Apple approved the Epic Games Store in the European Union after a rejection, but a dispute continues regarding changes to the store's user interface. The European Commission is investigating Apple's fees and terms under the Digital Markets Act, with possible fines up to 10% of its revenue.
Full articleSummary: Charles Schwab Corp upgraded to "Outperform" by KBW citing strong earnings growth potential between 2026 and 2030, progress on repayment of borrowings, and expected rate cuts by the Fed.
Full articleSummary: Bank of America Corporation has increased its stake in Johnson Matthey PLC, now holding approximately 14.54% of voting rights and financial instruments.
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