Summary: Skillsoft (NASDAQ:SKIL) had its price target reduced by Citigroup from $66.00 to $50.00 with a 'buy' rating. Other firms also revised their price targets and ratings for SKIL. Shares were traded at $7.19 on Tuesday.
Full articleSummary: Government crackdown on biotech companies with FTC broadening its campaign to curb alleged patent abuses in the pharmaceutical industry, targeting over 300 patent listings across 20 drugs, including Novo Nordisk’s blockbuster diabetes drug Ozempic.
Full articleSummary: Eli Lilly's incubator arm, Gateway Labs, is expanding to the east coast and San Diego, offering co-working spaces for researchers and opportunities to collaborate with Lilly. The company also raised its full-year guidance by $2 billion on the back of successful sales of tirezeptide-based medicines.
Full articleSummary: FDM Group has partnered with the Cisco Networking Academy to meet the demands for skilled consultants proficient in networking, cybersecurity, cloud computing and Digital Transformation by introducing five new specialist practices.
Full articleSummary: IBM reaffirmed its 2024 outlook for mid-single-digit growth, reported a modest Q1 2024 EPS of 8 cents, and announced the acquisition of HashiCorp at a 42% premium.
Full articleSummary: Gibraltar Capital Management Inc. acquired a new stake in MetLife, Inc. during the 4th quarter, while other hedge funds and institutional investors also increased their holdings in the company. Wall Street analysts have given various ratings on the stock, with an average target price of $79.23. Insiders at MetLife have been actively buying and selling the company's shares. The company reported earnings and revenue for the quarter, and announced an increase in its dividend.
Full articleSummary: Costco offers various summer essentials such as beach chairs, string lights, insect repellent, beach towels, and hammocks at affordable prices for Costco members
Full articleSummary: NVIDIA is using its AD103 GPU in some new GeForce RTX 4070 graphics cards by reusing defective GPU dies from more powerful GPUs in mid-range options.
Full articleSummary: NVIDIA announced new language models support with ChatRTX and updated DLSS 3.5 support for RTX Remix, including adding support for additional Large Language Models, CLIP interaction, voice interaction with Whisper, and DLSS 3.5 image upscaler in RTX Remix.
Full articleSummary: Cactus Plant Flea Market reveals new Cactus Plant Flea Market x Nike Air Force 1 'Moss' and 'Fuchsia' models, resembling a mash-up between the Air Force 1 and the Air More Uptempo.
Full articleSummary: Chevron Corp. expects a resolution to a dispute with Exxon Mobil Corp. over a Guyana oil contract in the coming months, which would allow for the completion of the $53 billion acquisition of Hess Corp. this year.
Full articleSummary: NVIDIA CEO emphasizes the importance of human workforce in AI advancements due to analytical and judgment capabilities. Human intervention is crucial for decision-making despite AI's advanced capabilities. AI advancements have raised concerns over potential job losses, but Huang believes increased productivity leads to hiring more professionals, making companies more profitable. NVIDIA remains a leading brand in semiconductor chips, catering to high GPU demand for AI, with Microsoft and OpenAI as key clients.
Full articleSummary: Starbucks reported disappointing sales in US and international segments due to high peak demand in the mornings, leading to order incompletion rates. The company is working on strategies to address these issues and tap into untapped demand at all hours of the day.
Full articleSummary: National Legal and Policy Center proposed a investigation into PepsiCo's employee pay and benefits policies to determine discriminatory practices against de-transitioners, who seek to return to their original gender. NLPC's shareholder proposal was opposed by the company's board of directors.
Full articleSummary: Pfizer Inc (PFE) reported a decline in revenue for Q1 2024 mainly due to decreased sales of COVID-19 related products, but achieved 11% growth in non-COVID portfolio. Adjusted EPS surpassed expectations at $0.82. The company is on track to achieve significant cost savings by 2024.
Full articleSummary: Catheter Precision, Inc. announces and welcomes Marie-Claude Jacques as Chief Commercial Officer with a strong background in sales leadership, strategic planning, and market development. She received an award of options to purchase 250,000 shares of Company common stock as an inducement to her employment.
Full articleSummary: Starbucks reported a 2% decrease in net revenue in Q2 2024 due to long wait times and product availability issues leading to loyal customers abandoning orders. CEO expressed disappointment and mentioned plans to increase efficiency and supply chain investments.
Full articleSummary: Victory Capital Management Inc. lowered its stake in The Bank of New York Mellon Co. by 3.7% in the fourth quarter. A number of other institutional investors and hedge funds have also made changes to their positions in BK. Insiders have been actively selling shares of Bank of New York Mellon. Analysts have recently commented on the company, with overall positive sentiment.
Full articleSummary: Intel Corporation reported worse-than-expected first-quarter sales results and issued weak EPS guidance, causing shares to fall 2.8%.
Full articleSummary: Federal judge in New Jersey dismissed claims from Johnson & Johnson and Bristol Myers Squibb about Medicare's drug price negotiations program, BMS announced layoffs of 2,200 people by 2024, Several pharmaceutical companies reported exceeding Q1 earnings expectations, X4 Pharmaceuticals received approval for its first commercial drug for an ultra-rare disease called WHIM.
Full articleSummary: Philip Morris International Inc. (PMI) will host a live audio webcast of its 2024 Annual Meeting of Shareholders. PMI is actively delivering a smoke-free future and diversifying its product portfolio outside of tobacco and nicotine sectors.
Full articleSummary: Martin Short and Steve Martin collaborate in a new campaign for Wells Fargo consumer credit cards, promoting the Active Cash Credit Card with 2% cashback rewards in a humorous way.
Full articleSummary: UBS raised NVIDIA's price target to $1,150, citing strong demand for Blackwell and Hopper products, and adjusted revenue estimates for 2025 significantly higher than Street estimates.
Full articleSummary: Elon Musk announces fresh round of layoffs at Tesla, including senior executives and entire departments which raises questions about the future of Supercharger network and new vehicle development.
Full articleSummary: Coca-Cola CEO James Quincey discusses the company's strategies to navigate shifts in consumer behavior towards at-home consumption, focus on innovation, and revenue growth management during the first quarter earnings call.
Full articleSummary: US stocks had their worst monthly performance of the year in April ahead of the Federal Reserve's interest rate policy decision. Amazon reported strong first-quarter earnings due to its AI and AWS cloud segments. Starbucks stock dropped in pre-market trading as the company missed earnings estimates and disclosed a decrease in same-store sales.
Full articleSummary: The Kraft Heinz Company reported a slight decrease in sales and net income for the first quarter of 2024 compared to the same period last year.
Full article