Large Cap Archives - Page 44 of 437

2 minute read

Philip Morris’ Ambitious Plans for Heated Tobacco Gains Traction Among Analysts and Investors

April 29, 2:55 PM

Philip Morris sets sights on U.S. heated tobacco market with IQOS launch. Analysts optimistic despite vaping competition. Ambitious goal: 10% market share within 5 years. Potential to convert 2.8 million smokers. Regulatory challenges ahead.

BTI

2 minute read

First Quantum Minerals Closes Ravensthorpe Nickel Mine, Cuts 330 Jobs

By Stjepan Kalinic

April 29, 2:54 PM

First Quantum Minerals is shutting down the Ravensthorpe nickel mine in Western Australia. BHP shuttered the mine in 2009.

BHP

2 minute read

AstraZeneca Admits Its COVID-19 Vaccine May Cause Blood Clotting Side Effect In Very Rare Case, But Causal Mechanism Unknown

By Vandana Singh

April 29, 2:38 PM

Discover the latest on AstraZeneca's Covid vaccine lawsuit. Allegations of serious side effects, including fatalities and brain injuries, spark legal battles. Learn about the controversy and potential ramifications.

AZN

1 minute read

Dick’s Sporting Goods’ Investment Spree Could Spoil The Game For Investors, Analyst Says

By Lekha Gupta

April 29, 2:15 PM

BofA analyst cuts DKS price target to $225, reflecting limited earnings upside due to planned investments and expenses.

DKS

2 minute read

US Stocks Kick Off The Week In The Green, Tesla Rockets On China’s FSD Approval, Yen Rallies: What’s Driving Markets Monday?

By Piero Cingari

April 29, 2:14 PM

U.S. stocks kicked off the week on a positive note, with all major averages edging higher in anticipation of significant events including earnings reports from tech giants like Amazon.com Inc. (NASDAQ:AMZN) on Tuesday and Apple Inc.

AAPL

2 minute read

Boeing To Raise $10B Via Bond Sale Amid Credit Rating Downgrade – Will Investors Show Confidence?

By Vandana Singh

April 29, 2:10 PM

Boeing plans a $10 billion bond sale amid financial challenges. Moody's downgrade reflects strain, but CFO emphasizes commitment to stability. Long-term bonds yield 2.25% higher than Treasuries.

1 minute read

What’s Going On With WEC Energy Shares Monday?

By Lekha Gupta

April 29, 1:13 PM

WEC Energy to acquire 90% ownership of Delilah I Solar Energy Center for $459 million. Commercial operation expected by June. Exciting addition to clean energy portfolio.

ECLN

3 minute read

AI Data Centers Drive Electricity Demand: Goldman Sachs Picks 16 Stocks To Play The Trend

By Piero Cingari

April 29, 12:37 PM

Goldman Sachs predicts significant growth in US power demand due to AI data centers, leading to $50B investment in power generation by 2030.

CAT

2 minute read

MorphoSys Says Novartis Deal Progressing Steadily Despite Safety Concerns Over Bone Marrow Cancer Drug, Pelabresib

By Vandana Singh

April 29, 12:36 PM

MorphoSys faces safety concerns over pelabresib, a myelofibrosis treatment. Physicians report patients transitioning rapidly to acute myeloid leukemia. FDA alerted. Novartis acquisition proceeds despite setbacks.

MOR

2 minute read

Johnson & Johnson-Partnered Addex Therapeutics’ Epilepsy Candidate Fails Mid-Stage Study, Stock Tanks

By Vandana Singh

April 29, 10:53 AM

Latest Phase 2 epilepsy study findings on ADX71149 adjunctive therapy for focal onset seizures. Partnered with Janssen, Addex Therapeutics evaluates treatment efficacy in patients with suboptimal response to standard care.

ADXN