Summary: Unusual options trading activity with a significant increase in call options on Gilead Sciences. Analysts have provided various ratings for the stock ranging from hold to outperform. The company reported positive quarterly earnings, beating consensus estimates. Gilead Sciences also announced a quarterly dividend.
Full articleSummary: Boeing T-7A Red Hawk achieves three recent milestones propelling the advanced pilot trainer for the US Air Force forward.
Full articleSummary: Intuit (NASDAQ:INTU) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating. Other research analysts have also reiterated positive ratings for the stock. Intuit's revenue was up 11.3% year-over-year, and insiders have been actively selling shares. Institutional investors have shown interest in acquiring positions in Intuit.
Full articleSummary: FCC fines US wireless carriers for illegally sharing location information; EU to launch formal proceedings against Meta for not countering Russian disinformation; ExxonMobil oil traders at risk of losing jobs over refusal to relocate to London; The Barclay family's Gulf-based backers plan to sell Very Group; Star stockpicker leaves Royal London Asset Management to start own firm.
Full articleSummary: Norman H. Ross Jr. appointed as the Vice President of Public Affairs and Communications at Coca-Cola Bottling Company United, Inc.
Full articleSummary: BNY Mellon Strategic Municipal Bond Fund Inc declared a dividend of $0.0180 per share payable on May 31, 2024, to shareholders of record as of May 14, 2024. The stock has a current dividend yield of 3.9497306347%.
Full articleSummary: Charles Schwab (SCHW) has been rated as 'Hold' by analysts, with the average 1-year target price at $74.47. Recent analyst reports have included 'buy' and 'market perform' ratings. Insiders have been selling shares, with notable transactions by the CFO. Several hedge funds have bought and sold shares of SCHW. The company also announced a quarterly dividend of $0.25.
Full articleSummary: Home Depot has announced an early release of Halloween decorations featuring popular items like Skelly the 12-foot tall skeleton with LCD eyes, a 7-foot skeleton dog, and other spooky decorations. These offerings cater to various preferences, from classic to animated and terrifying, providing something for everyone.
Full articleSummary: Sandoz Group has resolved a patent dispute with Amgen, allowing it to launch denosumab biosimilars Jubbonti and Wyost in the U.S. by May 31, with no disclosed terms affecting previous guidance of mid-single digit sales growth in constant currencies for 2024.
Full articleSummary: Coca-Cola Co. is considering a dual listing for Coca-Cola Beverages Africa on stock exchanges in Johannesburg and Amsterdam, with the business potentially valued at over $8 billion.
Full articleSummary: Proact becomes a Premier Partner of Broadcom, recognizing vast collaboration with VMware.
Full articleSummary: Google reported blocking 2.28 million privacy-violating applications from its Google Play app store in 2023, with improved security processes and investments in better security features.
Full articleSummary: Microsoft to invest $1.7 billion in new cloud and AI infrastructure in Indonesia, aiming to position itself as a leader in AI technology application. The investment includes AI training for 840,000 people and support for tech developers. Indonesia's growing market is seen as a potential location for more AI product development, with significant economic impact expected. The country has emphasized digital technology development under President Joko Widodo's administration.
Full articleSummary: Shein, an online fast-fashion retailer, is expanding its marketplace to include household names like Colgate-Palmolive and Hasbro in various European countries and is planning a stock market listing. The company is aiming to attract more well-known Western brands to compete with Amazon and AliExpress.
Full articleSummary: Honeywell (NASDAQ: HON) announced a quarterly dividend payment of $1.08 per share on its common stock.
Full articleSummary: Shein, an online fast-fashion retailer, is expanding its platform to include household names like Colgate-Palmolive and Hasbro in an effort to compete with Amazon. The company is also planning a stock market listing later this year.
Full articleSummary: Sandoz has reached an agreement with Amgen resolving patent litigation related to its U.S. denosumab biosimilars, clearing the way for the launch of the biosimilars in 2025.
Full articleSummary: A US federal judge rejected a bid by Bristol-Myers Squibb and Johnson & Johnson to overturn Medicare pricing negotiation, which challenges powers introduced by the Biden administration. The judge ruled that allowing Medicare to negotiate drug prices is not an illegal 'physical taking' of their property.
Full articleSummary: Godshall's, a US meat producer, is expanding by introducing a new Smoked Beef Bacon at select Costco stores in Washington state. The company aims to meet the growing demand for Halal foods and extend its reach to more regions in the future.
Full articleSummary: PayPal's share price traded up 1.5% after Monness Crespi & Hardt raised their price target on the stock from $80.00 to $88.00 and maintained a buy rating. Several other analysts also provided ratings and price targets for PYPL. The company recently saw insider selling activity as well as changes in institutional investors' holdings. PayPal last reported quarterly earnings with strong results, beating EPS estimates and showing revenue growth.
Full articleSummary: Google has laid off more employees due to reorganisation, particularly from Python, Dart, and Flutter teams, to become more efficient and align resources with biggest product priorities.
Full articleSummary: Art Gilliland, former HP executive and current CEO of Skyport Systems, believes in two important computer network architectures for the future of cybersecurity. Skyport raised a $30 million funding round led by GV, Alphabet's investment arm.
Full articleSummary: Pfizer Inc. to present data on new potential standards of care in Oncology at ASCO Annual Meeting, including key research on Lorbrena and Adcetris, as well as pipeline therapies across multiple tumour areas.
Full articleSummary: Online fast-fashion retailer Shein is expanding into other categories and courting brands like Colgate-Palmolive, Hasbro, and Suntory Beverage & Food to sell on its platform, with plans for a stock market listing later this year.
Full articleSummary: Online fast-fashion retailer Shein is expanding its platform to include household brands like Colgate-Palmolive and Hasbro, aiming to build credibility and compete with Amazon. This move is part of their strategy for a planned stock market listing later this year.
Full articleSummary: Kraft Heinz CEO Carlos Abrams-Rivera aims to make the company's products healthier by reducing sodium and sugar levels, faces backlash due to high sodium levels and metals found in Lunchables, recent changes to Lunchables resulted in naturally elevated sodium levels.
Full articleSummary: Microsoft will invest $1.7 billion in cloud computing and AI infrastructure in Indonesia, with a focus on growth in Southeast Asia. The company will also provide AI skills training to 2.5 million people in the region, including 840,000 in Indonesia.
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