Summary: Bristol Myers Squibb (BMY) reported Q1 results beating revenue and earnings estimates, but its stock corrected nearly 10% due to lower full-year outlook. However, analysts believe BMY stock has room for growth based on valuation and long-term growth prospects.
Full articleSummary: Vale and Caterpillar have signed an agreement to test battery electric large trucks and energy transfer systems, as well as conduct studies on ethanol-powered trucks aiming to reduce emissions significantly by 2030 and achieve zero net emissions by 2050.
Full articleSummary: IBM's board of directors announced an increase in the regular quarterly cash dividend to $1.67 per common share, payable June 10, 2024, continuing the trend of dividend growth for the 29th consecutive year. IBM's focus on hybrid cloud and AI technologies has been driving growth, leading to sustained revenue growth, enhanced productivity, and solid cash generation.
Full articleSummary: The European Commission has launched a disinformation probe against social media giant Meta, suspecting it of breaching the bloc’s online content rules. Meta is accused of insufficient content moderation and transparency in advertisements, leading to the investigation under the Digital Services Act.
Full articleSummary: The Coca-Cola Company reported net gains of $293 million from refranchising its bottling operations in certain Indian territories earlier this year. The company remains bullish on long-term prospects in India despite a slow start in the March quarter. Overall, the company's net revenues grew 3% in the March quarter.
Full articleSummary: A longtime Apple skeptic upgraded the iPhone maker to a buy-equivalent rating, citing an attractive entry point following a pullback in stock price. The upgrade by analyst Toni Sacconaghi turned heads on Wall Street, but Jim Cramer remains cautious regarding the timing of the call.
Full articleSummary: PayPal's shares rose over 6% after its Q1 results beat estimates, with revenue up 10% to $7.7 billion and EPS at $1.40 surpassing consensus. Total payment volume increased by 14% to $403.9 billion. The company expects a 7% increase in net revenue for the upcoming quarter.
Full articleSummary: A rumor suggests Intel will use a new socket (LGA-1851) for the next-gen Arrow Lake-S processors, including the Core Ultra 5 240F, with different core tile configurations and a possible change in fabrication node. These processors are expected to debut on the desktop platform this year.
Full articleSummary: Bristol-Myers Squibb Company (NYSE:BMY) reported Q1 2024 earnings, beating expectations with a reported EPS of $-4.4 compared to an expected $-4.55. They made progress in advancing their pipeline, closed important transactions to strengthen growth, and are focusing on improving productivity. The company anticipates a trough impact in 2026 but expects to return to growth before the end of the decade.
Full articleSummary: Eli Lilly & Co. shares surged over 7% after reporting strong earnings and gross margin for fiscal Q1 2024. The company beat EPS expectations at $2.58 but fell short on revenue at $8.77 billion. However, improved gross margin of 80.9% exceeded projections. Eli Lilly raised its full-year 2024 EPS outlook and revenue forecast significantly due to the performance of its drugs Mounjaro and Zepbound.
Full articleSummary: An emergency exit slide came off a Delta Air Lines Boeing 767 and was found by a lawyer whose firm is suing Boeing. The firm has not yet decided if the slide is relevant to its case.
Full articleSummary: Caitlin Clark's shoe deal with Nike has sparked reactions from former executive Sonny Vaccaro, who believes she should have received a deal similar to Michael Jordan's. Despite signing an eight-year $28 million deal with Nike, Vaccaro criticized the handling and believes Clark deserved more.
Full articleSummary: Pfizer's investigational RSV vaccine candidate, ABRYSVO (RSVpreF), is detailed in a market report providing insights on its mechanism of action, dosage, clinical trials, and market assessment in the 7 major markets. The report also highlights competition from other emerging therapies and the anticipated impact on the market.
Full articleSummary: Wells Fargo adjusted Domino's Pizza's financial outlook, increasing the price target to $525.00 and maintaining an Equal Weight rating due to robust first-quarter performance. Despite potential headwinds, Wells Fargo anticipates sustained growth driven by various positive factors including an expanded Uber partnership, promotional activities, and new product introductions.
Full articleSummary: JPMorgan Chase & Co. announced expanded roles for several executives in sales leadership positions.
Full articleSummary: Eli Lilly reported strong Q1 2024 results with 26% year-over-year revenue growth driven by Mounjaro and Zepbound, exceeding EPS expectations. The company raised its full-year revenue guidance and adjusted EPS forecast.
Full articleSummary: Comcast Corporation announced that its President and Chief Executive Officer of Comcast Cable will participate in the J.P. Morgan Annual Global Technology, Media and Communications Conference on May 21, 2024. A live webcast and on-demand replay will be available for viewing.
Full articleSummary: IBM announced a 2 percent increase in the quarterly cash dividend to $1.67 per common share, payable on June 10, 2024, to stockholders of record as of May 10, 2024. This marks the 29th consecutive year of dividend increases for IBM.
Full articleSummary: Nike plans to lay off 740 employees at its Oregon headquarters in a cost-cutting move as part of a three-year plan to reduce $2 billion in costs.
Full articleSummary: Coca-Cola has reported a significant boost in profits for the first three months of the year due to customers buying more drinks at higher prices. The company's revenue increased by 3 percent to $11.3 billion, with profits also rising slightly to $3.18 billion.
Full articleSummary: Engadget has reviewed the latest generation of Apple's AirPods Pro, praising its active noise cancellation, ambient sound mode, and seamless integration with Apple devices. The product is currently available at an all-time low price of $180 at Amazon.
Full articleSummary: The article discusses Intel's ongoing power specification issues, particularly with its K-SKU processors causing crashes and silicon degradation. There are inconsistencies in default power limits among various motherboard manufacturers like Asus, Asrock, MSI, and Gigabyte. Recently, BIOS updates from Asus and Gigabyte introduced an 'Intel Baseline Profile' to address stability concerns.
Full articleSummary: Pfizer's Tivdak, acquired through Seagen acquisition, receives full approval from the FDA for treating recurrent or metastatic cervical cancer, showing significant improvement in overall survival compared to chemotherapy.
Full articleSummary: Comcast's Chairman and CEO will participate in the MoffettNathanson Media, Internet and Communications Conference on May 14, 2024. A live webcast of the event will be available on the Company's Investor Relations website.
Full articleSummary: Alphabet Inc.'s CEO Sundar Pichai is close to attaining a billion-dollar wealth milestone due to the significant stock surge since he became Google's CEO in 2015, with the stock hitting a new record after surpassing Q1 earnings expectations and introducing a dividend.
Full articleSummary: NAMCOR has finalized a Farm-Out Agreement with Chevron Namibia Exploration Limited granting Chevron an 80% operating working interest in PEL 82 located in offshore Namibia, with NAMCOR and Custos Energy retaining a 10% carried interest each.
Full articleSummary: Alphabet's stock price has risen by 60% over the past year, with an analyst raising the price target to $225 and praising the company's strong performance in advertising and cloud computing. Alphabet recently declared a dividend and more stock buybacks.
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