Summary: Health Canada confirmed that Pfizer did not inform them about the presence of DNA in COVID vaccines.
Full articleSummary: General Motors (GM) and Ford (F) are outperforming Tesla (TSLA) in terms of revenue and net income, with analysts projecting higher profit growth for GM and Ford compared to Tesla. The demand for hybrid vehicles is surpassing that of electric vehicles, leading automakers to adjust their plans accordingly.
Full articleSummary: Home Depot launches 'Halfway to Halloween' sale featuring popular 12' skeleton 'Skelly' and other Halloween decorations.
Full articleSummary: Coca-Cola Europacific Partners (CCEP) had a positive start to the year with revenue growth and value share gains, expecting annual growth of around 4% and operating profit growth of around 7%, driven by strong performance in APS business unit, strategic de-listings in Europe impacting volumes, and focus on revenue growth management.
Full articleSummary: Medtronic plc announced FDA approval for Inceptiv closed-loop rechargeable spinal cord stimulator for treating chronic pain, providing real-time adjustments in therapy, maintaining prescribed stimulation levels based on biological signals.
Full articleSummary: Medtronic plc receives FDA approval for the Inceptiv closed-loop rechargeable spinal cord stimulator for the treatment of chronic pain. The device offers a closed-loop feature that senses biological signals along the spinal cord and automatically adjusts stimulation in real time. Inceptiv SCS allows personalized therapy without compromising future access to MRI and offers advantages such as full-body MRI access and multiple types of waveforms.
Full articleSummary: Coca-Cola is hosting its Annual General Meeting on May 1st with a focus on growth momentum; CEO James Robert Quincey's total compensation is 77% higher than the industry average; Shareholders, while content with the company's performance, may have concerns about CEO pay exceeding the median.
Full articleSummary: Lockheed Martin Corporation reported strong quarterly results with revenues beating analyst predictions by 7.5% and EPS coming in 9.8% above expectations. Analysts are forecasting 2024 revenues to be approximately in line with the last 12 months, with a slight dip in EPS. The price target was reconfirmed at US$488 per share, indicating steady performance.
Full articleSummary: Colgate-Palmolive reported strong first-quarter 2024 results with increases in net sales, organic sales, GAAP EPS, and base business EPS. The company's gross profit margin also increased by 310 basis points. Colgate's leadership in toothpaste and manual toothbrushes continued to show global market share growth.
Full articleSummary: Western Wealth Management LLC increased its position in JPMorgan Chase & Co. by 1.5% in the 4th quarter, making it the 29th largest holding in its investment portfolio. Several other large investors also bought and sold shares of JPM. Insiders at JPM have been active with selling shares recently. JPMorgan Chase & Co. also recently increased its dividend.
Full articleSummary: Synthesia, an AI startup supported by Nvidia, has introduced a new upgrade enabling AI avatars to convey human emotions and movements, aiming to correct flaws in portraying humans through better emotive expressions and accurate lip tracking.
Full articleSummary: Danaher Co. CEO sold over 47,000 shares of the company's stock in a transaction, leading to a total value of $11.75 million. The conglomerate reported earnings per share above the consensus estimate in its recent quarter. The company also increased its quarterly dividend.
Full articleSummary: Erste Group downgraded Home Depot from Buy to Hold citing forecast of marginal sales increase and slight weakening in operating margin, perceived below average growth prospects for the current and next financial year. Analysts' caution indicates limited potential for significant gains in the near term.
Full articleSummary: RTX (NYSE: RTX) received recognition from three separate organizations for innovation in patented technology, ranking in the top 15 in each list.
Full articleSummary: Microsoft reported strong financial results driven by growing demand for AI and cloud services, resulting in a 5% increase in its shares. The company is scaling investments in AI by establishing new infrastructure and partnerships.
Full articleSummary: Charter Communications Inc. lost more internet subscribers than expected in Q1 and experienced a net loss of 405,000 video subscribers, but added 486,000 mobile lines.
Full articleSummary: Charter Communications, Inc. reported its financial and operating results for the first quarter of 2024, with a slight decrease in total residential and SMB Internet customers but an increase in mobile lines. The company's revenue grew by 0.2%, and net income attributed to Charter shareholders totaled $1.1 billion.
Full articleSummary: The Zacks Research Daily provides updates on Q1 earnings results with 190 S&P 500 members reporting, showing earnings up +1.1% from last year. Featured analyst reports include Oracle Corporation (ORCL) with strong cloud business momentum, HSBC Holdings plc (HSBC) showing growth strategy in Asia, and RTX Corporation (RTX) benefiting from order growth.
Full articleSummary: Nvidia is acquiring AI infrastructure firm Run:ai, an Israeli startup that optimizes GPU compute resources for AI and deep learning workloads, for an undisclosed financial amount.
Full articleSummary: AMT stock is argued to be oversold according to technical and fundamental perspectives, showing signs of selling exhaustion and a wide price-value gap. Growth potential via 5G technology, recent management changes, and high dividend yield are highlighted as favorable factors, leading to a BUY rating.
Full articleSummary: Coca-Cola's CEO, James Robert Quincey, received a total compensation of US$25m in 2023, which is 77% higher than the industry average. Despite good company performance, some shareholders may have concerns about the CEO's high pay. The company's total shareholder return over the last three years was 25%.
Full articleSummary: Takeda Pharmaceuticals is the latest company to leave the Biotechnology Innovation Organization (BIO) as it opted not to renew its membership after a routine review of trade association participation. The decision was made to further refine the focus of resources and advocate for policies putting patients first. Several other pharmaceutical companies, including Pfizer, UCB, and WuXi AppTec, have also exited prominent industry trade groups in recent times.
Full articleSummary: Sen. Bernie Sanders accuses Novo Nordisk of charging unjustifiably high prices for diabetes and obesity drugs Ozempic and Wegovy, prompting a formal investigation into Novo's pricing strategies. Novo Nordisk responds by emphasizing the complexities of drug development and commitment to working with policymakers for affordable access.
Full articleSummary: Investor interest in Bitcoin spot exchange-traded funds (ETFs) is waning with significant outflows recorded, while Franklin Templeton's EZBC saw daily net inflows. Overall, since their January launch, ETFs have surpassed $12 billion in net inflows.
Full articleSummary: Charter Communications reported slight increases in both revenue and net income for the first quarter, with revenue ticking up to $13.68 billion from $13.65 billion and net income of $1.11 billion, or $7.55 a share, compared to $1.02 billion, or $6.65 a share, from the previous year.
Full articleSummary: Colgate-Palmolive (NYSE:CL) reported Q1 CY2024 results exceeding analysts' expectations with revenue up 6.2% year on year to $5.07 billion and non-GAAP profit of $0.86 per share. The company also raised its full-year 2024 guidance for organic sales growth to 5% to 7%. Sales volumes increased by 1.3% year on year, showing potential for growth in the future.
Full articleSummary: Whirlpool Corp. is targeting Starbucks customers by launching high-end KitchenAid automatic espresso makers priced at $2,000 amid struggling large appliance sales due to cautious consumer spending. The company aims to tap into the growing trend of at-home coffee consumption.
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