The United States has agreed to provide up to $6.6 billion in direct funding to Taiwan Semiconductor Manufacturing Co TSM to build advanced chip facilities in the U.S. The deal…
On Thursday, the FDA proposed removing oral phenylephrine from the list of approved active ingredients for over-the-counter (OTC) nasal decongestants, citing concerns over its effectiveness. After reviewing available data, the…
Johnson Controls International JCI announced third-quarter results Wednesday. The company reported adjusted earnings per share of $1.28, beating the street view of $1.20. Quarterly sales of $7.39 billion beat the analyst consensus of $7.17 billion.…
On Wednesday, Cencora, Inc.’s COR fourth-quarter 2024 sales increased 14.7% to $79.1 billion, beating the consensus of $77.65 billion. The sales jump reflects a 15.7% increase in revenue within U.S. Healthcare…
Sunoco LP SUN shares are trading lower after it reported third-quarter revenues of $5.75 billion, which missed the consensus of $6.508 billion. Adjusted distributable cash flow of $349 million was higher than $181 million a year ago.…
Archer-Daniels-Midland Company ADM shares are trading lower on Tuesday. Yesterday, the company reported third-quarter preliminary adjusted earnings per share of $1.09, compared with street view of $1.25. The company will…
HC Wainwright initiated coverage on Vanda Pharmaceuticals, Inc. VNDA, a commercial-stage biopharmaceutical firm primarily focusing on neurological and neuropsychiatry disorders. HC Wainwright sees Vanda as having a well-established commercial portfolio,…
Estée Lauder Companies, Inc. EL shares are trading lower on Thursday. The company reported first-quarter adjusted earnings per share of 14 cents, beating the street view of 9 cents. Quarterly…
On Tuesday, Novartis AG NVS reported third-quarter sales of $12.823 billion, up 9% (+10% on constant currency), beating the consensus of $12.76 billion. Guidance: Novartis also raised its 2024 full-year…
XPO, Inc. XPO shares are trading higher after it reported third-quarter results. Revenue growth of 3.7% year-over-year to $2.05 billion, beating the consensus of $2.020 billion. The revenue growth was aided by higher yield in the North American…
Royal Caribbean Cruises Ltd RCL reported third-quarter revenue growth of 17.5% year-over-year to $4.89 billion, missing the consensus of $4.90 billion. Passenger ticket revenues rose 18% YoY to $3.47 billion…
Elbit Systems Ltd. ESLT shares are trading higher after the company secured a roughly $200 million contract from the Israeli Ministry of Defense. The deal provides high-power laser systems for…
These ten mid-cap stocks were the best performers in the last week. Are they in your portfolio? ImmunityBio, Inc. IBRX stock upped 49.86% after the company announced it dosed its…
On Thursday, ResMed Inc RMD reported first-quarter adjusted EPS of $2.20, up 34% year over year, beating the consensus of $2.04. The company reported sales of $1.224 billion, up 11%,…
In December 2023, Boston Scientific Corporation (NYSE: BSX) initiated the AVANT GUARD trial to evaluate the safety and effectiveness of the FARAPULSE Pulsed Field Ablation (PFA) System as a first-line treatment…
Stifel analyst Matthew E. Smith reiterated a Buy rating on Philip Morris International Inc PM, raising the price forecast to $145 from $138. Yesterday, the Marlboro maker reported third-quarter revenue…
Electronic and fiber optic connector company Amphenol Corporation APH reported a fiscal third-quarter 2024 sales increase of 26% year-on-year to $4.04 billion, beating the analyst consensus estimate of $3.80 billion. Adjusted EPS of 50 cents…
Artificial intelligence startup OpenAI appointed Scott Schools as the company’s chief compliance officer on Tuesday. “Scott’s deep expertise will further strengthen our team’s ability to deliver beneficial AI technology while continuing…
BioNTech SE BNTX has been notified by its partner, OncoC4 Inc., that the FDA has imposed a partial clinical hold on its Phase 3 PRESERVE-003 trial. The open-label, randomized study…
Trump Media & Technology Group Corp DJT is trading higher Monday, buoyed by the successful launch of its Truth+ app for Apple Inc AAPL iOS devices and Apple TV, as…
These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio? NIO Inc. NIO stock lost 16.35% last week as U.S.-listed Chinese stocks fell…
The European Union's NIS 2 cybersecurity directive, now enforceable, mandates companies to bolster their cybersecurity practices or face hefty fines. Chinese researchers have successfully used D-Wave‘s quantum annealing systems to break…
BofA Securities analyst Lorraine Hutchinson reiterated the Neutral rating on Ulta Beauty, Inc. ULTA with a price objective of $380. The analyst reduced the FY25 EPS estimate by 8% to…
PC maker Lenovo Group LNVGF LNVGY tapped Meta Platforms Inc META and Nvidia Corp NVDA to enhance its artificial intelligence (AI) capabilities in markets outside China. The U.S. semiconductor sanctions…
The Internet Archive, a global digital library, has suffered a significant security breach and a DDoS attack, compromising data of 31 million accounts. Following a court ruling, Turkey has banned the widely-used…
