Summary: Hedge fund mogul Larry Robbins to present a turnaround plan to CVS executives, aiming to boost profitability while holding significant stake in CVS. CVS shares have been declining due to lowered profit outlook and internal issues.
Full articleSummary: Disney Style announced a new merchandise collection in collaboration with musician Harry Styles titled Fantasia x Pleasing, which will be available at a pop-up shop in Disney Springs and Houston Galleria. The collection includes nail polish sets, lip balm, apparel, and accessories with prices ranging from $25 to $289.
Full articleSummary: Larry Ellison, co-founder of Oracle, becomes world's third richest person with a net worth of $203.9 billion, surpassing Mark Zuckerberg and Bernard Arnault.
Full articleSummary: Larry Ellison is set to take over Shari Redstone's controlling interest in Paramount Global once the merger acquisition is finalized. The deal will see Ellison assume the 77.5% ownership stake and his son David Ellison, along with Jeff Shell, will run Paramount.
Full articleSummary: Boeing's Starliner spacecraft, conducting a test flight with astronauts, faces setbacks as NASA announces return of astronauts on SpaceX Crew Dragon.
Full articleSummary: Three-quarters of the global carry trade has been removed due to a recent selloff, erasing this year’s gains, according to JPMorgan Chase & Co.
Full articleSummary: Seattle Mariners prospect Harry Ford records an out in his Double-A left-field debut
Full articleSummary: Facebook continues to be filled with bizarre AI-generated images, including motifs of religion, police officers, and babies. Some posts featuring these images have gained significant engagement.
Full articleSummary: Larry Ellison of Oracle is envisioning a future where every Oracle customer could have their own full-service cloud region within their data center, spanning from ultra-compact data centers to massive, gigawatt-scale AI data centers. Ellison believes Oracle's ability to scale both down and up will give them a unique edge in the AI and cloud market.
Full articleSummary: 1. Quarry LP increased its position in Salesforce by 101.0% in the 4th quarter, with holdings worth $51,000. 2. Several institutional investors and hedge funds also made changes to their positions in Salesforce. 3. Analysts have provided varied ratings for Salesforce, with the stock currently having a consensus rating of 'Moderate Buy' and a consensus price target of $292.79.
Full articleSummary: Wells Fargo adjusts Array Technologies' financial outlook, lowering price target and revising revenue and EBITDA estimates for 2024 and 2025 due to concerns over solar industry challenges and potential delays in projects.
Full articleSummary: Target will not stock Pride Month merchandise at all stores in June due to backlash and lower sales, but will offer full assortment online. The decision disappoints LGBTQ+ advocacy group Human Rights Campaign. Target faced similar backlash and scrutiny regarding LGBTQ+ merchandise in the past.
Full article