Summary: A federal appeals court rejected Pfizer Inc's challenge to a U.S. anti-kickback law, preventing the company from directly covering co-pays for heart failure patients using its high-cost drugs. The court upheld the ban on providing financial support to induce federally reimbursable drug purchases.
Full articleSummary: Former agent Hughes Norton revealed details about Tiger Woods' sponsorship deals in 1996 including negotiations with Nike and Titleist for apparel and golf equipment respectively. Norton successfully secured a $40 million deal with Nike and a $20 million deal with Titleist for Woods.
Full articleSummary: Apple Inc. is in renewed discussions with OpenAI about integrating the startup's technology into the upcoming iPhone operating system, iOS 18. The company is also in talks with Google about licensing its Gemini chatbot.
Full articleSummary: Apple has resumed negotiations with both OpenA and Google for integrating their AI technologies into iOS 18. The company is considering using ChatGPT chatbot from OpenAI and Gemini chatbot technology from Google to enhance its virtual assistant capabilities. Apple is expected to announce its AI strategy and partnerships at the upcoming Worldwide Developers Conference in June.
Full articleSummary: Dell announced the Alienware x16 R2 gaming laptop in India with top-tier specs and features, including AI-accelerated capabilities and improved AlienFX lighting.
Full articleSummary: Apple customers experienced widespread lockouts of their Apple ID accounts, leading to the need to reset passwords, with no official explanation provided by the company.
Full articleSummary: A recent tech grad received job offers from Meta, Google, and Microsoft and eventually chose Google for its interesting work, company culture, and legacy. The decision was influenced by Google's increased total compensation offer and attractive benefits compared to Meta.
Full articleSummary: Unique Wealth Strategies LLC acquired a new position in General Dynamics Co. (NYSE:GD) in the fourth quarter, while other hedge funds also increased their stakes in the company. General Dynamics reported a slight trading decrease of 0.2% and a quarterly dividend increase. Wall Street analysts have mixed ratings on General Dynamics, with some raising price targets and ratings.
Full articleSummary: The New York Rangers had a strong performance in Game 3 of their playoff series against the Washington Capitals, where they excelled in penalty kill and their goaltender Igor Shesterkin had an outstanding performance by stopping 28 of 29 shots faced.
Full articleSummary: Boeing Co. is facing challenges with decreased deliveries and revenue, leading to a 37% decline in share price. However, the company remains confident in its ability to achieve free cash flow targets and is focused on safety and quality improvements. Boeing's previous rebounds amidst downturns and its position in meeting global demand provide optimism for a potential buying opportunity.
Full articleSummary: Ceramics maker Maruwa is benefiting from the surge in data center construction amid the AI boom, with its shares doubling over the past year.
Full articleSummary: Canadian stocks could outperform U.S. peers if Bank of Canada cuts rates before the Federal Reserve, based on historical data showing outperformance during past instances of BoC moving first, led by real estate, technology, energy, and utilities stocks. Expectations for rate cuts beginning in June and gradually decreasing by 2025.
Full articleSummary: Wells Fargo has introduced a new credit card option, the Signify Business Cash Card, targeted at small business owners. It offers a $500 cash rewards bonus, 0% intro APR on purchases for 12 months, uncapped 2% cash rewards on all purchases, and other perks like free employee cards and rental car insurance.
Full articleSummary: Production limitations are seen as great news for Tesla stock investors by Fool.com contributor Parkev Tatevosian as discussed in a video published on April 26, 2024.
Full articleSummary: Apple is reportedly seeking a big tech partner to enhance its AI offerings, focusing on improving iPhone capabilities. The company is in discussions with OpenAI and potentially Google for further integration of generative AI technologies on iOS.
Full articleSummary: Ark Invest bought shares of Meta and Palantir as part of its overall buying strategy. They added 13,494 shares of Meta for $5.98 million and also purchased 27,961 Meta shares valued at $12.34 million on a day the stock fell. Additionally, Ark invested in Palantir ahead of its earnings report, expecting a rise in revenue and profits per share.
Full articleSummary: Tampa Bay Rays outfielder Josh Lowe, expected to be activated, flew back to Tampa due to hamstring tightness and will undergo an MRI, potentially delaying his return to the team.
Full articleSummary: Lockheed Martin Australia signed a $500 million contract with the Commonwealth to build the Australian Defence Force’s Joint Air Battle Management System (JABMS) as part of Project AIR 6500 Phase 1, which will integrate various air defence systems to provide a coordinated capability across the ADF.
Full articleSummary: PFG Investments LLC increased its stake in Costco Wholesale by 99.7% in the first quarter, with several other institutional investors also making changes to their positions. Analysts have given various price targets and ratings for Costco Wholesale stock. Several insider transactions were reported, with company executives selling shares at different prices. Costco Wholesale announced an increase in its quarterly dividend.
Full articleSummary: Apple is in talks with OpenAI and Google for new features in iOS 18. The company is considering integrating OpenAI's generative AI technology and licensing Google's Gemini chatbot. Apple may partner with both companies or choose another provider.
Full articleSummary: Amgen reported quarterly earnings of $3.66 per share, surpassing the Zacks Consensus Estimate and demonstrating a positive earnings surprise. The company has consistently beaten consensus EPS and revenue estimates over the last four quarters. The recent earnings release led to a favorable estimate revisions trend, resulting in a Zacks Rank #2 (Buy) for Amgen.
Full articleSummary: UnitedHealth Group reported strong Q1 results with revenue of almost $100 billion and adjusted net income beating analyst expectations. Despite being targeted in a cyberattack, the company maintained its full-year adjusted net income guidance, showing resilience in its performance.
Full articleSummary: ExxonMobil and Chevron both reported a dip in profits due to lower refining margins and natural gas prices, but ExxonMobil's takeover of Pioneer Natural Resources is on track to close before Chevron's.
Full articleSummary: Tesla laid off over 14,000 employees, including Nico Murillo, a Production Supervisor who claimed to have slept in his car to work harder for the company. Murillo's story is receiving attention on LinkedIn.
Full articleSummary: Apple is rumored to be in talks with ChatGPT developer OpenAI for a major AI upgrade for iPhone in iOS 18.
Full articleSummary: Former Tesla executive Drew Baglino sold roughly 1.14 million Tesla shares, worth around $181.5 million, as shown in an SEC filing this week, following his announcement of departure after 18 years with the company. The move marked the third time he exercised his stock options this year.
Full articleSummary: Kraft Heinz CEO Carlos Abrams-Rivera reveals his healthy eating and exercise habits, including intermittent fasting and Mediterranean diet, as the company aims to improve the nutritional value of its products. The company faced a setback when lead and cadmium were found in Lunchables and generic versions.
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