Summary: U.S. Federal Trade Commission expands campaign against pharmaceutical companies for filing 'junk' patent listings to curb alleged patent abuses. Pfizer developing an online platform for patients to order medicine directly, bypassing industry middlemen.
Full articleSummary: Walt Disney World park reservation calendar for Annual Passholders has made May 4th, 2024, available at Disney's Hollywood Studios after halting reservations in March. The annual Star Wars celebration day has been limited to merchandise and snacks in recent years.
Full articleSummary: Philip Morris International Inc. (PMI) will host a live audio webcast of its 2024 Annual Meeting of Shareholders to discuss its efforts in delivering a smoke-free future and expanding its portfolio beyond tobacco and nicotine products.
Full articleSummary: Amgen is set to report its Q1 earnings on May 2, with analysts estimating earnings per share of $3.88 and sales of $7.45 billion. This marks a decrease from previous year's Q1 earnings per share of $5.32 and an increase in sales by 23.11%.
Full articleSummary: Comcast Xfinity customers lost access to Bally Sports Detroit, including Tigers games, due to a disagreement over content rights. Parent company Diamond Sports Group expressed disappointment in Comcast's decision.
Full articleSummary: Kraft Heinz missed sales expectations in the first quarter due to inflation impacting consumer behaviors, but maintained its fiscal year 2024 targets. The company is focusing on promotions to recover volumes amidst high inflation.
Full articleSummary: Kraft Heinz Company (KHC) shares are trading lower after the company's first-quarter FY24 revenue missed the street estimates, with a sales decline year-on-year.
Full articleSummary: Gilead Sciences had its target price trimmed by Maxim Group from $90.00 to $85.00 with a buy rating, despite several other brokerages issuing mixed ratings. Quarterly earnings revealed higher EPS than expected. A quarterly dividend of $0.77 per share was announced, with a dividend yield of 4.73%. Insider activity included a sale of 2,000 shares by Merdad Parsey. Hedge funds have made significant moves in Gilead Sciences.
Full articleSummary: Several institutional investors, including Cannell & Co., increased their stake in Honeywell International Inc. during the fourth quarter. The company reported an EPS of $2.25 for the quarter, beating analysts' consensus estimates. Recent dividend announcement includes a $1.08 quarterly dividend yielding 2.22%.
Full articleSummary: Major Wall Street firms such as Bank of America, Barclays, Morgan Stanley, JPMorgan, Evercore ISI, Wedbush, HSBC, TD Cowen, Deutsche Bank, KeyBanc, and Goldman Sachs have issued various calls regarding individual stocks, including Amazon, Super Micro, Advanced Micro Devices, Tesla, Apple, Nvidia, Seagate, Endava, Skyworks, Starbucks, Dollar Tree, Fifth Third, 3M, Pinterest, Logitech, Meta, and SiriusXM.
Full articleSummary: A French environmental charity, Clean My Calanques, has declined participation in the torch relay ahead of the Paris Olympics due to the role of Coca-Cola as a major sponsor, citing the company's impact on pollution and environmental concerns.
Full articleSummary: Boeing has advanced its manned-unmanned teaming (MUM-T) technology using a digital F/A-18 Super Hornet and MQ-25 Stingray, demonstrating successful virtual refueling capabilities which could enhance naval operations.
Full articleSummary: Salesforce launches Public Sector Einstein 1 for Service, a new software platform with AI capabilities tailored for government workers, aimed at streamlining administrative tasks within the public sector.
Full articleSummary: BlackRock has secured a deal with Saudi Arabia to introduce a multi-class investment firm in the kingdom aiming to attract foreign investment, backed with a $5 billion anchor investment from the Public Investment Fund.
Full articleSummary: Diamond Sports Group, parent company of Bally Sports North, had contract negotiations breakdown with Comcast-Xfinity, resulting in blackout of Twins games and other regional sports networks.
Full articleSummary: Kraft Heinz Company reported first-quarter FY24 revenue below street estimates with a 1.2% YoY sales decline. However, gross profit increased by 6.2% YoY and adjusted EPS met consensus. The company reiterated its outlook for FY24 despite the revenue miss.
Full articleSummary: Google workers who were fired for protesting the company's contract with the Israeli government have filed a complaint with labor regulators, alleging unfair treatment.
Full articleSummary: Intuit Inc. is celebrating its fourth annual Small Business Success Month in May by providing tools, resources, and funding to drive small business success. Activities will include Small Business Advocacy in Washington, D.C., Small Business Hero Day, QuickBooks Grant Program, Prompt Pay for Small Businesses, and a Small Business Success Month hub on the QuickBooks Blog.
Full articleSummary: A wave of mass layoffs hit major tech companies like Apple, Google, Amazon, Intel, Tesla, Byju’s, Ola Cabs, Healthifyme, Whirlpool, Take-Two Interactive, and Telenor, resulting in more than 70,000 job losses in the tech sector. Apple fired over 600 employees in its special projects group, Google laid off staff in Python, Flutter, and Dart teams and across departments
Full articleSummary: Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. due to tail lights not illuminating properly, with the risk of causing a crash. The recall covers certain pickups from the 2022 through 2024 model years.
Full articleSummary: Booking is set to release its quarterly earnings on May 2. Analysts predict earnings per share of $13.98, an increase from $7.07 in the same quarter last year. Sales are expected to rise by 12.60% to $4.25 billion, with a yearly profit estimate of $174.33 per share compared to $118.68 per share last year.
Full articleSummary: Oracle announced new capabilities in Oracle Clinical One Randomization and Trial Supply Management (RTSM) to make it easier for sponsors and CROs to configure, scale, and automate to support complex and global clinical trial studies.
Full articleSummary: The groundbreaking SMART clinical trial focused on women with aortic stenosis (AS), a potentially deadly heart condition, and concluded that the Medtronic Evolut TAVR system performed better than the Edwards Sapien TAVR system in terms of post-procedure hemodynamics. This female-specific data is a critical step forward in treating women with heart disease.
Full articleSummary: PayPal Holdings (PYPL) reported strong Q1 2024 earnings with $7.7 billion in revenue and $1.40 of non-GAAP EPS, which exceeded expectations. The market reacted positively, with shares rising around 37% since October 2023. The company's growth in total payment volume and focus on innovation are seen as positive signs for future performance and shareholder value.
Full articleSummary: Tesla is laying off around more than 10 per cent of its global workforce due to duplication of roles resulting from rapid growth. The job reduction is leading to hundreds of layoffs, with several employees sharing their termination experiences on social media.
Full articleSummary: Apple has assembled a team of artificial intelligence (AI) experts from Google in a secretive lab in Zurich, focusing on building advanced AI models and products with a specific interest in text and visual-based AI systems. The company's acquisitions in the AI space suggest a strong push toward advanced AI technology.
Full articleSummary: CVS Health shares are falling after first-quarter results missed expectations, with revised profit forecast due to escalating medical costs impacting the insurance sector.
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