Summary: GlaxoSmithKline (GSK) has sued Pfizer and BioNTech for patent infringement related to mRNA vaccines used during the Covid-19 pandemic. GSK alleges that its patented inventions were the foundation for defendants' success with Covid-19 vaccines.
Full articleSummary: Proxy advisor Glass Lewis has recommended that Boeing shareholders vote against the reelection of three directors, including outgoing CEO Dave Calhoun, due to dissatisfaction over the company's safety culture transformation efforts. Glass Lewis also recommended approval of top executives' 2023 compensation, which includes a significant increase in Calhoun's pay package.
Full articleSummary: Some companies are reporting quarterly earnings with mixed outcomes, Amazon reported upbeat results but issued a weak sales forecast, while Leggett & Platt, Incorporated posted weaker-than-expected results. Analysts are expecting reports from Pfizer Inc., Yum! Brands, Inc., and Mastercard Incorporated.
Full articleSummary: ExxonMobil appointed Taher Hamid as president and general manager of ExxonMobil Qatar. Hamid said he looks forward to the new challenge and aims to continue partnership with QatarEnergy.
Full articleSummary: Microsoft has partnered with non-profit investor Connect Humanity to invest in community-focused Internet Service Providers with the goal of improving high-speed broadband access in underserved Appalachian communities.
Full articleSummary: Valorant patch 8.08 brings nerfs to agents Viper and Cypher, affecting their abilities and gameplay potential.
Full articleSummary: Gilead Sciences Inc has priced its COVID-19 antiviral remdesivir at $2,340 per patient for wealthier nations and will be sending most of its supply to the United States over the next three months. The drug is expected to be in high demand as one of the only treatments shown to alter the course of COVID-19.
Full articleSummary: IBM announced plans to acquire Hashicorp, aiming to enhance automation and multi-cloud management capabilities. Questions arose regarding potential overlap with Red Hat's offerings, but executives highlighted differences in capabilities. The acquisition, following IBM's previous deals, could boost the company's edge in optimizing multi-cloud infrastructures.
Full articleSummary: Chevron Corp. anticipates resolving a dispute with Exxon Mobil Corp. over a Guyana oil contract, which is necessary for the completion of the $53 billion acquisition of Hess Corp. this year.
Full articleSummary: BlackRock to launch a multi-asset class investment platform in Saudi Arabia with initial funding of up to $5 billion from PIF. The initiative aims to support foreign institutional investment, broaden local capital markets, and enhance the Saudi asset management industry.
Full articleSummary: Microsoft announced significant commitments to enable a cloud and AI-powered future for Thailand, including new cloud and AI infrastructure, AI skilling opportunities, and support for the nation's growing developer community.
Full articleSummary: Microsoft announces significant commitments to enable a cloud and AI-powered future for Thailand, including building new cloud and AI infrastructure, providing AI skilling opportunities for over 100,000 people, and supporting the nation’s growing developer community.
Full articleSummary: PayPal updates FY24 earnings forecast, projecting mid to high single-digit percentage increase in adjusted EPS growth year-over-year. Q1 adjusted EPS at $1.08, with revenue growth accelerating to 9.4% year-over-year and TPV growing by 14% year-over-year. Key strategic initiatives show promising results.
Full articleSummary: AMD and Super Micro had disappointing earnings, attributing it to high expectations in the AI sector. Nvidia's upcoming earnings report could fuel more hype and speculation among investors.
Full articleSummary: BlackRock Released Distributions Per Share for Multiple Funds under Managed Distribution Plan for Consistent Monthly Distributions based on Net Income, Capital Gains, and Return of Capital.
Full articleSummary: Dozens of Google workers who were fired after internal protests regarding a contract with the Israeli government file a complaint with labor regulators.
Full articleSummary: Costco (COST) recently announced a nearly 14% increase in its quarterly dividend payout, but its dividend yield remains low compared to other dividend payers. The company's revenue and profitability have continued to grow steadily, with robust performance in its latest quarterly results. Analysts are bullish on Costco's future growth prospects despite its relatively high valuation metrics.
Full articleSummary: International Business Machines Corporation (IBM) has filed its quarterly report on Form 10-Q for April 30, 2024 with the SEC, making the financial performance details publicly accessible.
Full articleSummary: Bank of America Corporation has submitted its latest Quarterly Report on Form 10-Q, making it accessible for public inspection.
Full articleSummary: Meta Platforms, Inc. (NASDAQ:META) experienced a post-earnings plunge despite beating consensus estimates in Q1 2024, with revenues growing by 27% y/y and EPS by 114% y/y. The stock has rebounded but remains lower than pre-earning levels. Meta's increased CAPEX spending and stock buyback program are causing concern among investors.
Full articleSummary: C.J. Sansom, the bestselling author of the beloved SHARDLAKE series of novels, has tragically passed away just as his series is set to debut on Disney+ in 2024. Despite his untimely passing, the show based on his work is receiving positive reviews and is expected to contribute to Disney+'s financial success.
Full articleSummary: Microsoft announced its first data centre investment in Thailand to capitalize on the growth of AI-driven transformation in Southeast Asia. This adds to their previous investments in cloud and AI infrastructure in Indonesia and Japan, showing a commitment to the region's digital economy.
Full articleSummary: Dow, Henkel, and Kraton have reduced the carbon footprint of North American packaging products by 25% using biobased alternatives in collaboration efforts to prioritize sustainability in consumer goods.
Full articleSummary: Microsoft announces a $1.7 billion investment in artificial intelligence and cloud services in Indonesia, aiming to train 840,000 people in AI and support tech developers.
Full articleSummary: IBM announced plans to acquire HashiCorp, which will operate as a standalone subsidiary of IBM. This acquisition will extend IBM's automation and multi-cloud management product set, complementing Red Hat's offerings. The move comes after IBM's acquisition of Apptio in 2023 to enhance its cloud financial management capabilities.
Full articleSummary: Warren Buffett is known for his value investing approach and preference for companies with regular share buybacks and hefty dividend payouts. Five stocks from the Berkshire equity portfolio with dependable dividend yields and upside potential have been highlighted by Wall Street analysts, including Jefferies Financial Group, Chevron Corp, Coca-Cola Company, Occidental Petroleum, and Visa.
Full articleSummary: Apple is addressing reports from iPhone users about alarms not properly playing sounds and is working on a fix for the issue related to the Attention Aware feature.
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