Summary: Bristol Myers Squibb receives recommendation for expanded approval of its cancer drug Opdivo in certain patients with bladder cancer in Europe, potentially making it the first immunotherapy-chemotherapy combination approved for this patient population in the EU.
Full articleSummary: Charter Communications reported its financial results for the first quarter of 2024, with a slight decrease in residential and SMB Internet customers but an increase in mobile lines. Revenue grew by 0.2% driven by residential mobile service and Internet revenue growth. Adjusted EBITDA and net income also saw year-over-year growth.
Full articleSummary: Medtronic is launching a digital platform in partnership with Heart-Valve-Surgery.com to help patients with heart valve disease navigate treatment options, with a focus on driving patients to TAVR treatment centers to potentially increase sales. The company is also pursuing a new marketing strategy following a clinical trial that showed its TAVR device may be superior to its main rival, Edwards Lifesciences, for patients with small annuli.
Full articleSummary: The Dow Jones Industrial Average rose Friday as Wall Street digested another key inflation report. Among the tech movers were Alphabet, Microsoft, Tesla stock skidded after U.S regulators announced an investigation. The PCE price index rose on the month. Major indexes tumbled Thursday after weak GDP data and drop in Meta Platforms stock.
Full articleSummary: Wells Fargo Premier Large Company Growth R6 (EKJFX) holds a Zacks Mutual Fund Rank of 4 (Sell) due to weak performance, downside risk, and high volatility compared to its peers in the Large Cap Growth segment.
Full articleSummary: Analysts from Barclays and RBC Capital maintained a Hold rating on Capital One Financial (COF), while KBW maintained a Buy rating. The stock has a one-year high of $149.94 and a one-year low of $82.07.
Full articleSummary: Coca-Cola is investing $1.1 billion in a partnership with Microsoft to leverage artificial intelligence (AI) for workplace operations, cost management, and productivity. As part of the deal, Coca-Cola will migrate all its applications to Microsoft's cloud-based platform, Azure.
Full articleSummary: Bonduelle collaborates with ExxonMobil and Constantia Drukpol to develop a recyclable mono-PE freezer film, reducing packaging by 25% for frozen products in France. SÜDPACK introduces Multifol Extreme base film for frozen fish, aiming to lower costs and emissions. Ahlstrom and The Paper People focus on fibre-based packaging to replace fossil-based plastic for frozen food applications.
Full articleSummary: Amazon is offering a significant discount on the Thermaltake LCGS Avalanche i366T R4 Gaming Desktop, powered by the RTX 3060 Ti, for $1,099.99, down $200 from its regular price.
Full articleSummary: Colgate-Palmolive raised its forecast for annual organic sales growth to 5% to 7%, benefiting from strong demand for self-care and pet nutrition products, as well as price hikes and cost efficiencies.
Full articleSummary: 1. Honeywell International Inc. reported a strong first quarter with a focus on accelerating organic sales growth towards the upper end of the long-term target range. The company highlighted strong performance in Aerospace and energy-oriented businesses, along with progress in short-cycle portfolios. 2. The company continues to focus on portfolio optimization, strategic acquisitions, and Monetization events scheduled for 2025 for Quantum Business segment. 3. Expectations are strong for the second quarter and full year 2024, with anticipated growth across segments and regions, showing confidence in the company's performance.
Full articleSummary: Tesla driver charged with vehicular homicide after his car in autopilot mode killed a motorcyclist in Washington State. The driver reportedly admitted to inattention to driving and using his phone while the Tesla was moving.
Full articleSummary: Al Ahly sports club is facing pressure to sever ties with Coca-Cola due to its alleged links to Israel, leading to a viral boycott campaign on social media. The boycott includes other major companies such as Starbucks and McDonald's. The club's big fan base in Gaza is causing division among fans on social media.
Full articleSummary: Bank of America Corp declared a dividend of $0.2400 per share payable on June 28, 2024 to shareholders of record as of June 07, 2024, with a current dividend yield of 2.5052192211% and 10 successive years of dividend increases. The company also has a market cap of $303,254,210,240, a PE ratio of 12.44, and closed its stock price at $38.32.
Full articleSummary: IBM and The Burning Glass Institute highlighted the increasing overlap between green and digital jobs, emphasizing the need for workers to develop digital skills in the evolving green economy.
Full articleSummary: Medtronic's new spinal-cord implant named Inceptiv has been approved by the U.S. FDA to relieve chronic pain by delivering electrical pulses and adjusting intensity automatically, positioning the company to compete with Saluda Medical in the market.
Full articleSummary: Gilead Sciences, Inc. held their First Quarter 2024 Earnings Conference Call. Key points include strong performance in commercial sales and clinical execution, progress in HIV pipeline, anticipation for FDA decision on seladelpar, and upcoming Phase III trials updates for Trodelvy and lenacapavir. Despite challenges in the HIV and oncology markets, Gilead remains focused on executing its diverse portfolio, maintaining expense management, and driving growth opportunities through innovative treatments.
Full articleSummary: Nike releases new colorway, 'Red Stardust', for the Zoom Vomero 5 model, priced at $160 USD for upcoming release.
Full articleSummary: Big Pharma companies reported financial results in Q1 2024, with Biogen and Novartis performing well, Roche sales slipped, Bristol Myers Squibb announced a 6% headcount reduction affecting 2,200 employees aiming to save $1.5 billion by 2025.
Full articleSummary: JP Morgan entities, including JEMA, named as defendants in civil proceedings by VTB over $439m held in a correspondent bank account with JP Morgan's New York branch due to sanctions.
Full articleSummary: BlackRock has introduced four Ucits ETFs focusing on government bonds, including US Treasury and Italian government bonds, with new maturities ranging from 2026 to 2029. These ETFs aim to offer affordable access and flexibility to investors across different currencies, maturities, and countries.
Full articleSummary: Disney and Pixar have created stills from their iconic films to recreate Taylor Swift's latest album, with the Eras Tour film debuting on Disney Plus. The collaboration has been well-received by fans, with Disney sharing Disney-fied song covers on social media.
Full articleSummary: FDA approves Medtronic's Inceptiv closed-loop rechargeable spinal cord stimulator for treating chronic pain, offering automatic adjustment of therapy in real time.
Full articleSummary: Apple is expected to announce iOS 18 at WWDC on June 10, with potential significant software updates for AirPods focusing on health features, including a hearing aid mode and potential integration of more sensors like an EEG in the future.
Full articleSummary: Exxon Mobil Corp reported Q1 2024 earnings per share at $2.06, below the estimated $2.20, with net income slightly below estimates and revenue matching expectations. The company generated strong free cash flow, declared dividends, and conducted share repurchases.
Full articleSummary: Comcast saw shares fall in Q1 due to higher than expected customer losses in broadband and video customers, despite beating earnings growth expectations.
Full articleSummary: Companies like MetLife, Invesco, General Motors, and Pfizer have announced dividend increases or declarations. Citigroup and Norfolk Southern will have their ex-dividend dates upcoming.
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