Large Cap Archives - Page 69 of 437

2 minute read

Biden Government Again Missed Menthol Cigarettes Ban Deadline, Lawsuit Challenges FDA’s Delay

April 2, 2:56 PM

Facing delays, the FDA's proposal to ban menthol cigarettes in the US encounters setbacks as White House officials miss yet another deadline. Industry giants like Altria and British American Tobacco face uncertainty as calls to enforce the ban intensify.

BTI

2 minute read

AstraZeneca CEO Highlights Decade-Long Sales Goal Of $45B Along With Investor Doubts As It Lags In Weight Loss Race

By Vandana Singh

April 2, 2:54 PM

AstraZeneca's CEO Pascal Soriot celebrates hitting a $45 billion sales target set a decade ago despite initial skepticism. Investor confidence remains a challenge amid stagnant shares and concerns over future growth. Soriot's strategic overhaul focuses on R&D and acquisitions.

AZN

2 minute read

Biden-Xi Talks Continue: Technology Block, Taiwan Top ‘Candid Exchange Of Views’

By Neil Dennis

April 2, 2:44 PM

President Biden and China's President Xi Jinping spoke for the first time since 2023, discussing issues such as trade and national security, including concerns about AI and semiconductor technology.

AMZN

2 minute read

Citi Monitors Competitive Threats To Eli Lilly, Says It Is Positioned To Maintain Leadership And Expand

By Vandana Singh

April 2, 2:41 PM

Citi Research raises price target for Eli Lilly, citing improved risk-adjusted sales outlook for GLP-1 agonist orforglipron. With Phase 3 trials ongoing since 2023, concerns about liver toxicity diminish. Analysts foresee potential sales surpassing $85 billion, closely watching competitive landscape.

LLY

1 minute read

ChampionX, Schlumberger Shares Move In Opposite Directions After $8B Deal Announcement

By Lekha Gupta

April 2, 1:56 PM

The transaction is projected to close before 2024, subject to shareholder and regulatory approval.

CHX

2 minute read

FDA Approves Abbott’s Heart Valve Repair Device For Patients At Risk Of Complications/Death During Open-Heart Surgeries

By Vandana Singh

April 2, 1:00 PM

FDA approves Abbott Laboratories' TriClip TEER system for treating tricuspid regurgitation. Clip technology offers non-invasive repair, fast recovery, and significant improvement in quality of life. Already approved in 50+ countries

ABT

2 minute read

Regulators Eye Big Three: Tighter Oversight of BlackRock, Vanguard, State Street On Passive-Investing Mandate

By Vandana Singh

April 2, 12:36 PM

Banking regulators probe index-fund giants BlackRock, Vanguard, and State Street's roles in US bank investments, managing over $23 trillion in index-linked funds. With over 10% stakes in multiple banks, scrutiny rises amid potential regulatory changes.

BLK

1 minute read

SunFireMatrix Goes Supernova: KKR Takes Major Holding In The Purpose-Built Platform

By Lekha Gupta

April 2, 12:23 PM

KKR acquires SunFireMatrix, Inc., a software and tech-enabled services platform for insurance and health plan markets. KKR to fund investment through HCSG Fund II. Funds managed by Stone Point Capital LLC, SunFireMatrix's previous majority owner, will remain a significant minority shareholder.

FMCX