Summary: CME Group's price target increased by Bank of America from $209.00 to $216.00 with a neutral rating, as per Benzinga report. The stock has a consensus rating of Hold and an average price target of $217.80.
Full articleSummary: Janssen-Cilag International NV, a Johnson & Johnson company, has received a positive recommendation from the CHMP of the EMA for the approval of RYBREVANT (amivantamab) in combination with chemotherapy for the first-line treatment of adult patients with advanced NSCLC with EGFR exon 20 insertion mutations. The PAPILLON study showed improved progression-free survival and quality of life outcomes. The European Commission had granted conditional marketing authorisation for amivantamab in December 2021, and future approvals are being sought for additional indications.
Full articleSummary: Alphabet Inc, the parent company of Google, achieved a significant milestone by crossing a $2 trillion market capitalization for the first time on Friday, following a powerful earnings report related to their position in Artificial Intelligence.
Full articleSummary: Huawei is working on a next-generation Kirin processor for PCs, featuring next-generation general-purpose cores and a revamped GPU to compete against Apple's M3 in multi-thread workloads. The chip is expected to have 8 Arm cores, a Mailiang 920 GPU with 10 clusters, and support up to 32GB of memory. The leak also suggests higher-performance Kirin SoCs in 'Pro' and 'Max' configurations may be released.
Full articleSummary: Intel is gearing up for the launch of its Intel Battlemage GPU, which is expected to overcome earlier issues. Although it remains to be seen if the Battlemage GPUs can compete with rivals like Nvidia and AMD, leaks suggest Intel is gearing up to stand against its competitors. The upcoming GPUs are based on the Battlemage Xe 2 architecture and are expected to target low-end, mid-range, and high-end GPU classes.
Full articleSummary: Intel is gearing up for the launch of its Intel Battlemage GPU, with leaks suggesting that the upcoming GPUs could compete against rivals like Nvidia and AMD. The Battlemage GPUs are expected to feature significant improvements over the previous Arc GPUs, with enhancements in architecture and memory specifications.
Full articleSummary: Mozilla researchers are urging Meta to address concerns about WhatsApp's role in potential election interference, proposing measures like labels on widely forwarded messages and limitations on mass messaging during elections.
Full articleSummary: Intel has launched a new AI processor series 'Amston Lake' for the edge, offering improved cores and graphics performance in a compact package. The processors are designed to withstand challenging conditions and support multitasking capabilities.
Full articleSummary: Bank of America closed lower in the latest trading session, lagging behind the S&P 500. Despite a recent decline in share price, upcoming earnings report expectations are positive. Analysts project steady earnings and revenue growth for the company, with a Zacks Rank of #3 (Hold). Valuation metrics suggest BAC is trading at a discount to its industry average.
Full articleSummary: Centrica and EIG Global Energy Partners sold three UK wind farms for 423 million pounds to a consortium including the Green Investment Bank and BlackRock. Centrica continues to purchase electricity from the wind farms until 2024.
Full articleSummary: MetLife, Inc. has received a 'Moderate Buy' rating from analysts, with target price of $79.23 and recent price performance noted. The company announced an increased quarterly dividend and had insider activity with stock sales. Institutional investors have also been actively modifying their holdings of the company.
Full articleSummary: Ericsson and Cisco Systems Inc agree on a partnership that aims to generate additional revenues of $1 billion for each company by 2018.
Full articleSummary: Apple is in renewed discussions with OpenAI to integrate some features into the next iPhone operating system, potentially including the ChatGPT chatbot technology. The final decision on partners is pending, with talks also ongoing with Google. This news comes ahead of Apple's Worldwide Developers Conference.
Full articleSummary: McDonald's new deal on Chicken McNuggets fails to impress customers as they blame wage hikes for high prices, sparking backlash and viral social media posts.
Full articleSummary: Sundar Pichai, CEO of Alphabet (Google's parent company), celebrates 20 years of working at Google by acknowledging the changes in technology and user base, as well as humorously mentioning his hair. Pichai expressed continued excitement about working at the company.
Full articleSummary: StockNews.com analysts started coverage on Zovio with a 'hold' rating. Zovio's stock performance shows a wide 12-month trading range. Zovio, Inc. partners with higher education institutions and employers in the education technology sector.
Full articleSummary: McDonald's apologizes for a global technology outage caused by a third-party provider, affecting operations in various countries including Japan, Hong Kong, and Australia.
Full articleSummary: Apple is reportedly in discussions with OpenAI and Google to use their AI technology for upcoming iPhone features. The Cupertino-based company is expected to introduce new generative AI features at WWDC and has yet to decide on a partner. An Apple partnership with OpenAI or Google could give the chosen company a dominant position in the AI world.
Full articleSummary: Alphabet, the parent company of Google, reported impressive financial results for the first quarter of 2024, exceeding analysts' expectations with record-high revenue and earnings per share. The company's strong performance was largely driven by Google Search and YouTube, boosting revenue and net income significantly.
Full articleSummary: Wells Fargo & Co, the largest U.S. mortgage lender, is offering fewer home loan products during the coronavirus-fueled economic downturn, including pausing many kinds of loans such as cash-out refinance loans and riskier non-conforming purchase loans.
Full articleSummary: Bristol Myers Squibb receives a positive recommendation from the CHMP for Opdivo in combination with cisplatin and gemcitabine for the first-line treatment of urothelial carcinoma in the EU. The final EC decision is expected in June 2024.
Full articleSummary: Gilead Sciences, Inc. receives FDA approval for updated label on Biktarvy for treating pregnant people with HIV-1, reinforcing safety and efficacy profile.
Full articleSummary: Nvidia shares surged by 15% in the past week, resulting in a market cap increase of $320 billion, leading to hopes of AI token holders for a similar movement. Analysts believe that AI-based cryptocurrencies are likely to experience an upside move soon.
Full articleSummary: Charles Schwab collaborates with Ant Capital Partners to provide investment information to individual investors through integrated services. They aim to expand customer advisory services and customer-centric service brand to attract more customers. Additionally, they are preparing for deeper cooperation in the U.S. and Hong Kong markets and plan to promote investment methods through Line and attract more investors.
Full articleSummary: Meta Platforms (META) stock presents a rare opportunity for investors due to a recent 17% price drop after announcing plans to increase spending on AI. Despite the sell-off, the company's core earnings were strong and its AI ambitions show promising potential for future growth.
Full articleSummary: The news discusses the potential risks and benefits associated with the emergence of true artificial superintelligence, highlighting the need for caution, regulation, and international collaboration in order to prevent AI catastrophes. Darren McKee, an advisor to AIGS Canada, emphasizes that advanced AI could lead to human civilizational collapse, not necessarily due to malevolence, but simply out of indifference towards humanity's welfare.
Full articleSummary: The NBA has reportedly agreed to national broadcast deals with Disney/ESPN and Amazon Prime for the next ten years, potentially expanding the number of games available nationally. Portland Trail Blazers are rumored to exit their contract with ROOT Sports Northwest.
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