Summary: Three analysts expressed bullish sentiments on Thermo Fisher (TMO), Conmed (CNMD), and BioMarin Pharmaceutical (BMRN) in the Healthcare sector. Thermo Fisher and Conmed were maintained as Buy with price targets of $600.00 and $88.00 respectively, while BioMarin Pharmaceutical was given a Buy rating with a $108.00 price target.
Full articleSummary: Honeywell announced the deployment of its hydrocracking technology by DG Fuels in its sustainable aviation fuel (SAF) production plant, enabling more efficient and cost-effective production of SAF with lower environmental impact.
Full articleSummary: The Ugandan government is speculated to have agreed on a deal with Boeing to purchase four aircraft for Uganda Airlines, potentially challenging rival Airbus. The details of the procurement have not been officially confirmed yet.
Full articleSummary: Eli Lilly exceeded earnings estimates with strong revenue growth, mainly driven by exceptional sales of key drugs despite supply challenges. The company displayed solid operational performance and strategic direction in Q1 2024.
Full articleSummary: Tesla's latest update, 2024.14.3, brings an updated UI and new capabilities to its Auto Shift feature including better compactness and additional functionalities in Model S and Model X during maneuvers like K turns. The update has been tested by employees and is now rolling out to customers.
Full articleSummary: Bristol Myers Squibb is a pharmaceutical powerhouse with a market value of $98 billion, based in New Jersey, and generating around $45 billion in annual revenue. It has a wide range of treatments under its roof and is investing billions in research and development targeting more than 40 disease areas.
Full articleSummary: Wildlife broadcaster Chris Packham criticizes Heineken for cutting apple trees in orchards, calling it unethical and immoral. Fellow broadcasters join in calling for a boycott of the company. Heineken defends its decision due to a lack of demand for cider and surplus of apples.
Full articleSummary: Sam’s Club is deploying AI-powered exit technology in its stores to speed up checkout process, freeing up staff for other tasks. The system uses computer vision and digital tech to verify payments, resulting in 23% faster exits. The company plans to expand this technology to all its stores by the end of the year.
Full articleSummary: Starbucks experienced weakness in both China and the U.S., leading to a decline in sales and stock price. The company lowered its revenue and same-store sales expectations for the year as a result.
Full articleSummary: FedEx partners with The Akshaya Patra Foundation to donate electric vehicles for sustainable meal distribution in India, supporting mid-day meals for school children and various sustainable projects.
Full articleSummary: Google is transitioning its Fitbit Pay contactless payments to Google Wallet in most countries, with an exception for Saudi Arabia, Japan, and Taiwan. Fitbit announced that Fitbit Pay will no longer be available starting July 29, 2024, for countries other than those exceptions and users should set up Google Wallet in the Fitbit app. This change aims to increase the number of banks and cards available for contactless payments.
Full articleSummary: The chairman of Charles Schwab sold 59,906 shares of the stock, resulting in a total transaction of $4,479,770.68. Following the sale, the chairman retains 61,038,701 shares valued at approximately $4,564,474,060.78. Additionally, the company announced a quarterly dividend of $0.25 per share to be paid on May 24th.
Full articleSummary: Comcast will no longer carry Bally Sports Regional Networks due to failed negotiations with Diamond Sports Group, resulting in customer credits of $8 to $10 per month.
Full articleSummary: Tesla has laid off around 500 people from its charging division, including senior staff, leading to concerns about the future of its Supercharger network. The move has left both employees and industry officials surprised and unsure about Tesla's charging plans and partnerships. The layoffs indicate a potential pivot towards AI and robotaxis by Tesla, raising questions about the company's future strategy.
Full articleSummary: Certuity LLC reduced its holdings in Intuit Inc. by 40.1% in the fourth quarter, selling 1,399 shares. Various other hedge funds also adjusted their stakes in the software maker's stock. Wall Street analysts have given Intuit a 'Moderate Buy' rating with a consensus target price of $650.23. Insiders at Intuit have recently sold shares of the company.
Full articleSummary: Colgate-Palmolive's price target was raised to $85.00 by Barclays with an equal weight rating on the stock. Several other analysts have also increased their price targets and ratings for the stock. The company recently reported earnings that beat the consensus estimate, and it also increased its quarterly dividend. Insider transactions and institutional trading activities have been notable.
Full articleSummary: Intuit Inc. shares fell 0.4% during trading on Tuesday. Several research analysts have raised their price targets for Intuit, with buy ratings outnumbering hold ratings. The company recently reported positive earnings results, beating estimates with a revenue increase of 11.3% year-over-year. Insiders have sold a significant amount of company stock, while large institutional investors have modified their holdings of Intuit.
Full articleSummary: US consumers are tightening their purchases, Amazon and Starbucks executives mentioned that customers are trading down and looking for deals.
Full articleSummary: Eli Lilly and Co. reported a 67% increase in profit for the first quarter, driven by strong demand for diabetes drug Mounjaro and weight-loss drug Zepbound. Despite revenue of $8.77 billion, which was below Wall Street estimates, adjusted earnings per share exceeded expectations at $2.58. Lilly raised its full-year revenue and earnings guidance.
Full articleSummary: Warren Buffett's deputies, Ted Weschler and Todd Combs, are underperforming both the legendary investor and the S&P 500 index. Their performance in managing Berkshire Hathaway's $354bn stock portfolio has been mixed, with some notable successes and failures, raising questions about their ability to carry on Buffett's investing legacy.
Full articleSummary: IBM emerges victorious as federal appeals court overturns $1.6 billion judgment in dispute with BMC Software over a software contract.
Full articleSummary: Processing errors that caused delays in bank customers' deposits were fixed, impacting multiple financial institutions including Bank of America, Chase, US Bank, Truist, and Wells Fargo. The issue was resolved by The Federal Reserve and The Clearing House.
Full articleSummary: Delta Air Lines (DAL) is expected to benefit from its strong earnings report and optimistic forecasts, leading to increased price targets and a Buy rating from analysts. The company's premium services, strong travel demand, and strategic initiatives to pay down debt are contributing to its positive outlook.
Full articleSummary: U.S. equities fell at midday following disappointing earnings news and higher-than-expected employment costs. GE HealthCare shares dropped after weak first-quarter results, while 3M shares rose on beating forecasts and changing dividend policy.
Full articleSummary: TikTok is testing a feature that allows users to purchase coins outside of the App Store to potentially avoid Apple's 30% commission on in-app purchases. Users who have access to this option are encouraged to buy coins via a link to TikTok's website, where they can pay using various methods and save around 25% with a lower third-party service fee. This move could potentially lead to consequences similar to what happened to Fortnite when they attempted a similar workaround with Apple.
Full articleSummary: Capital One Financial will acquire Discover Financial Services for $35 billion in an all-stock deal, bringing together two major credit card companies to potentially compete against Visa and Mastercard. The acquisition aims to create a strong payments network and leverage the increasing credit card usage in the U.S. amid rising interest rates and consumer debt.
Full articleSummary: BlackRock plans to launch an investment platform in Saudi Arabia backed by up to $5 billion from PIF, aiming to grow Saudi Arabia's capital markets through local and overseas investments, including infrastructure and credit within private markets and equities in public markets. The agreement is part of Saudi Arabia's efforts to transform its economy and attract international investment.
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