General Archives - Page 72 of 2367

2 minute read

Why Is Cancer-Focused Merus Stock Trading Over 30% On Friday?

May 24, 1:41 PM

Merus announces interim clinical data on petosemtamab and Keytruda (pembrolizumab) for first-line recurrent/metastatic head and neck squamous cell carcinoma. Early results show promising efficacy with a 60% response rate.

MRK

2 minute read

AI Boom Spurs Search For New Winners Beyond Nvidia: Bloomberg

By Shivani Kumaresan

May 24, 1:37 PM

Investors are expanding their AI horizons beyond Nvidia (NASDAQ: NVDA) after its stellar results. AI's growth impacts more than just chipmakers; sectors like electrical components (Amphenol Corp.), data centers, utilities, and power grid companies are also benefiting. Goldman Sachs highlights diversified AI investments, with companies like Littelfuse Inc. and AES Corp. gaining traction. AI-exposed stocks have surged this year, reflecting robust demand and market interest.

AES

1 minute read

FedEx Restores Priority Services To Kyiv Amid Ukraine Crisis; Russian, Belarusian Operations Remain Suspended

By Nabaparna Bhattacharya

May 24, 1:19 PM

Amid Ukraine crisis, FedEx resumes priority services to Kyiv; Russian and Belarusian operations remain suspended.

FDX

1 minute read

Marathon Digital Holdings +5% – What’s Going On?

By Nabaparna Bhattacharya

May 24, 1:07 PM

Marathon Digital Holdings surges on spot Ethereum ETF approval and announces $80 million agreement with Kenya for renewable energy projects.

MARA

1 minute read

Google Joins The Club: Invests In Flipkart, Reportedly Boosting E-Commerce Giant’s Valuation to $37B

By Shivani Kumaresan

May 24, 1:00 PM

Alphabet Inc.'s Google has joined Flipkart as a minority investor. This reported $350 million investment, along with Google's Cloud collaboration, aims to modernize Flipkart's digital infrastructure. The move awaits regulatory approval.

AMZN

1 minute read

TotalEnergies Explores ‘Cross-Listing’ In US And Europe – What’s Going On?

By Nabaparna Bhattacharya

May 24, 12:10 PM

TotalEnergies reportedly explores potential cross-listing in the US and Europe, aiming to expand investor access while maintaining presence in European markets.

EIPX

1 minute read

After UnitedHealth Cyberattack, Drug Distributor Cencora Notifies Americans’ Health Information Stolen In Data Breach In February

By Vandana Singh

May 24, 12:00 PM

Cencora reports a cyberattack exposing sensitive medical information, including patient names, addresses, birth dates, diagnoses, and medications.

ABBV

1 minute read

Retail Rumble: Walmart And Capital One Part Ways, Ending Exclusive Card Deal

By Nabaparna Bhattacharya

May 24, 11:58 AM

Walmart and Capital One part ways on exclusive credit card deal, assuring seamless experience for cardholders.

COF

2 minute read

Biden’s Push For Unionization Faces New Challenge In Semiconductor Industry: Report

By Shivani Kumaresan

May 24, 11:32 AM

President Joe Biden's commitment to U.S. manufacturing and labor is tested as unions eye the semiconductor industry. The Communications Workers of America (CWA) is negotiating a labor peace agreement with Micron Technology, which is investing $50 billion in New York factories. This could expand to $100 billion and 9,000 jobs. The agreement aims to prevent strikes while ensuring Micron avoids anti-union actions.

INTC

1 minute read

Mullen Automotive Hires New Distributor In Europe – What’s Going On?

By Nabaparna Bhattacharya

May 24, 11:22 AM

Mullen Automotive expands into southeastern Europe by partnering with GAMA as its distributor for the Balkans Region, while also recently securing FTZ status in the US, boosting its commercial vehicle manufacturing capabilities.

MULN