Summary: Apple is set to hold a special 'Let Loose' event to revamp its iPad lineup. The focus will be on simplifying the confusing lineup by introducing new high-end iPad Pro and mid-range iPad Air models. The aim is to attract users to upgrade to iPads and increase sales amidst a declining tablet market.
Full articleSummary: Raymond James & Associates increased their holdings in Schwab International Small-Cap Equity ETF by 6.5% during the fourth quarter, with several other institutional investors and hedge funds also modifying their holdings. SCHC stock went up by 0.9%.
Full articleSummary: PayPal's stock is down in after-hours trading despite beating third-quarter earnings expectations. The company reported strong financial results and raised its payment volume growth estimates, indicating continued strength in the fintech industry.
Full articleSummary: Broadcom (NASDAQ:AVGO) has shown strong growth in EPS and profitability, with EPS growing by 48% per year over the last three years and EBIT margins increasing from 29% to 41% in the last 12 months. Insiders have a substantial investment in the company, adding to shareholder confidence.
Full articleSummary: IBM initiates legal battle against Swiss software company Lzlabs in London High Court over allegations of reverse-engineering of mainframe software since 2013.
Full articleSummary: The Estée Lauder Companies and Microsoft have partnered to create an AI Innovation Lab to develop AI projects for ELC's beauty brands, including a generative AI chatbot and tools for Research & Development. They aim to enhance consumer connections and increase speed-to-market efficiency.
Full articleSummary: Türkiye is in talks with ExxonMobil for a multibillion-dollar LNG deal to secure up to 2.5mn tons of LNG a year, aiming to diversify its natural gas supplies.
Full articleSummary: Ford remained profitable in the first quarter of 2024, but its electric vehicle (EV) division incurred heavy losses. Various Ford EV models, including the Model e, faced significant losses, with the Model e division alone losing around twice the amount compared to the same period in 2023. Despite challenges, Ford is optimistic about improving EV costs and plans to introduce new electric models to the market.
Full articleSummary: Microsoft CEO Satya Nadella to meet Indonesian President Joko Widodo to discuss tech investment opportunities in Southeast Asia. Other US tech companies like Apple are also exploring expansion in the region.
Full articleSummary: Apple has slipped to fifth place in China’s cellphone sales ranking, facing competition from local rivals like Huawei, OPPO, Honor, and vivo. Chinese authorities have imposed bans on iPhones due to security concerns at state agencies and state-linked companies. Apple's market share and unit sales have declined while Huawei's sales have increased significantly.
Full articleSummary: Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Avalonbay Communities, General Dynamics, and Tyler Technologies. Notable changes include BTIG raising target price for Tyler Technologies Inc (TYL) to $515 from $500, Jefferies upgrading General Dynamics Corp (GD) to buy from hold and increasing price target to $335 from $305, and Piper Sandler raising target price for Avalonbay Communities Inc (AVB) to $230 from $207.
Full articleSummary: Namibia's national oil company signed a development deal with Chevron allowing Chevron to take an 80% operating working interest in an offshore block, with NAMCOR and Custos Energy retaining 10% each. The agreement is part of Namibia's plans to open up a major new frontier basin in the Walvis Basin.
Full articleSummary: Intel plans to invest $4.6 billion in a semiconductor plant in Poland, while Alphabet is in talks for potential investments in the country.
Full articleSummary: BlackRock Throgmorton Trust PLC has updated their issued share capital to 92,266,196 Ordinary Shares, as of April 29, 2024.
Full articleSummary: Portland State University in Oregon, US pauses seeking or accepting gifts or grants from Boeing due to mounting pressure from students and faculty concerned about the aerospace company's involvement in weapons manufacturing and its connections to Israel amidst the conflict in Gaza. Students demand schools cut financial ties to Israel and divest from companies enabling the conflict.
Full articleSummary: Amgen announced the imminent submission of a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) for teprotumumab, a targeted inhibitor of the insulin-like growth factor-1 receptor (IGF-1R), for the treatment of moderate to severe thyroid eye disease (TED) in adults.
Full articleSummary: IBM to acquire HashiCorp Inc. for $6.4 billion, bringing extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to IBM's offerings.
Full articleSummary: McDonald's is offering customers 15% off its whole menu for one day via the McDonald’s App on April 29, covering breakfast and meals throughout the day, including limited edition items like the Chicken Big Mac. Customers can earn points by opting into MyMcDonald’s Rewards, and there is an option to donate points equivalent to cash to charity.
Full articleSummary: Oracle is making significant strides in the AI industry by incorporating generative AI capabilities into its infrastructure and applications, aiming to stay ahead of the competition in the cloud computing market. Industry experts and analysts view Oracle's strong AI strategy positively, with expectations of driving revenue growth and capitalizing on the ongoing AI revolution.
Full articleSummary: Corporate earnings have been driving the market's performance positively despite rate fears. The earnings season so far has been strong, with S&P 500 companies expected to report earnings growth for the third straight quarter. Investors are looking ahead to key earnings reports from Apple and Amazon to potentially impact the market.
Full articleSummary: Gilead Sciences, Inc. announces FDA approval for updated label of Biktarvy to treat pregnant people with HIV-1, marking significant milestone in HIV treatment for pregnant individuals by providing additional safety and efficacy data. Biktarvy labeled as alternative regimen for pregnancy and for people trying to conceive, with support from DHHS perinatal guidelines. Additional data from Study 5310 reinforces the safety and efficacy profile of Biktarvy in pregnant PWH with no known resistance.
Full articleSummary: Turkey is in talks with ExxonMobil for a multibillion-dollar LNG deal to reduce dependence on Russian energy. The country aims to secure up to 2.5 million tonnes of LNG a year through a potential decade-long agreement with Exxon.
Full articleSummary: Boeing (BA) released its first-quarter financial results revealing information about Program Accounting and deferred program balances.
Full articleSummary: Gilead Sciences, Inc. announced FDA approval of an updated label for Biktarvy reinforcing its safety and efficacy profile for pregnant people with HIV-1, making it the only second-generation INSTI-based STR with in-label data for pregnant virologically suppressed adults. The label update includes additional data from Study 5310 supporting the use of Biktarvy during pregnancy and postpartum without new safety concerns. Experts and guidelines recommend Biktarvy for pregnant virologically suppressed individuals.
Full articleSummary: Honeywell has been selected by Lilium, the developer of the first all-electric vertical takeoff and landing (eVTOL) jet, to supply propulsion unit position sensors for the Lilium Jet. Honeywell's sensors, called 'resolvers,' are designed for accurately sensing the engine's position to ensure successful takeoff. This collaboration supports the development of zero operating emissions, high-speed regional transportation through electric aircraft.
Full articleSummary: Intel CEO Pat Gelsinger is set to attend the Intel AI Summit in Seoul, where industry leaders like Samsung Electronics, SK hynix, and Naver will participate to accelerate AI deployment. Intel has been forming chip partnerships with Korean companies like Naver and plans to establish an AI research lab with them.
Full articleSummary: Intel CEO Pat Gelsinger is planning to visit Korea in early June to attend the company's global AI Summit event in Seoul, where he is expected to deliver a presentation on Intel's AI solutions.
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