Oracle Corporation (NYSE: ORCL) shares fluctuate as the company reportedly nears a $10 billion cloud contract with xAI, while uncertainties surround its headquarters relocation from Texas to Nashville.
DoorDash faces a downturn as New York Attorney General Letitia James secures a settlement over biased hiring practices. The company's rejection of applicants with criminal records violated state laws, sparking a $75,000 penalty. Under the agreement, DoorDash will reevaluate applicants, revise policies, and compensate wrongfully rejected individuals.
Novo Nordisk confirms there is no anticipated shortage of Wegovy in Denmark, despite prior warnings from the Danish Medicines Agency about limited supplies. The company addresses high demand and reassures the availability of all doses.
Ascendis Pharma announces FDA's extension of the review date for TransCon PTH for adults with hypoparathyroidism to August 14, 2024. TransCon PTH aims to address low calcium levels due to hypoparathyroidism.
Arcos Dorados (NYSE: ARCO) becomes a regional sponsor of Formula One in Latin America, aiming to leverage its Three-D's strategy and drive-through segment success.
Dole PLC reported a 6.6% increase in Q1 FY24 sales to $2.12 billion, matching analyst estimates. The growth was driven by strong operations and favorable currency impacts. Gross profit rose 8.7% to $194.7 million, while operating income surged over 100% to $71.5 million. Adjusted EPS of $0.43 exceeded the $0.31 estimate. The company also declared a $0.08 per share dividend.
Amidst a potential oversupply of new vehicles, online used car giant Carvana (NYSE:CVNA) foresees a surge in sales, CEO Ernest Garcia III reveals. Increased production by major automakers is set to favor the retailer, with efforts to manage inventories through incentives and fleet sales, reported Bloomberg. Deutsche Bank AG (NYSE:DB) notes a rise in U.S. new car inventories, reaching 50 days' supply by April's end.