GSK (LSE: GSK) acquired CureVac's (NASDAQ: CVAC) share in joint flu and COVID-19 vaccine projects, enhancing its mRNA tech expertise. CureVac's stock surged 24%, extending its financial runway to 2028 but will cut 30% of its workforce to focus on cancer therapies.
The FDA has approved Eli Lilly's (NYSE: LLY) new Alzheimer's treatment, Kisunla, for early-stage patients, marking it as the second therapy in the U.S. to slow Alzheimer's progression. Priced at $32,000 annually, Kisunla is expected to achieve over $5 billion in peak sales.
**Bpost Shares Hit Record Low After Disappointing Profit Forecast**
Bpost (EBR:BPOST) shares plunged to a historic low as its revised EBIT forecast of €165-185 million sharply missed analysts' €215.7 million estimate. CEO Chris Peeters cited North America's market challenges, with operating inc...
European Markets Rise as Powell Signals Inflation Progress; DAX, CAC 40, FTSE 100 Up. Political events in France and the U.K. influence traders. Crude oil prices climb on inventory draws.
BlackRock Inc. (NYSE: BLK) launches the iShares Large Cap Max Buffer Jun ETF (NYSE: MAXJ), offering a 100% downside hedge for risk-averse investors. This ETF aims to mirror the S&P 500, providing protection against downturns while harnessing market rallies.
NextEra Energy Partners (NYSE: NEP) saw an 8.7% plunge on Monday after an RBC Capital downgrade sparked concerns over potential dividend cuts. Analyst Shelby Tucker cited earnings growth challenges and refinancing hurdles due to $3.7 billion in maturing debt, suggesting a 50% dividend cut might b...
China's BYD (SZ: 002594) reported a 21% Q2 sales surge, narrowing the gap with Tesla (NASDAQ: TSLA). BYD sold 426,039 EVs, just 12,000 units shy of Tesla's projected deliveries. With Tesla's China sales down 24.2% in June, BYD may reclaim the lead.
Nike's (NYSE: NKE) stock plunged 20% to a four-year low after its Q4 2024 earnings report revealed a 2% revenue decline, missing analysts' expectations. Despite a 50% EPS rise, revenue growth stagnated, notably in the Nike Direct segment. Anticipate further challenges as competitors gain momentum...
Jollibee Foods (PSE: JFC) is acquiring a 70% stake in South Korea’s Compose Coffee, valuing it at $340 million. This marks Jollibee’s most expansive global move to date. The stock rose 0.44% post-announcement, with analysts praising the strategic investment.
Eurozone inflation dipped slightly to 2.5% in June, but core inflation held at 2.9% due to high services costs, fueling ECB policy debate. Unemployment at a record low of 6.4% and tight labor markets add complexity. Traders watch for ECB actions that could shape market trends.
Chewy (NYSE: CHWY) surged 15% premarket Monday after "Roaring Kitty" Keith Gill, disclosed a 6.6% stake in the company. Gill now owns 9M shares valued at $245M, making him the third-largest shareholder.
The first half of 2024 sees tech stocks rising, Boeing reuniting with Spirit AeroSystems, and Pixar's "Inside Out 2" crossing $1 billion at the global box office.
Roaring Kitty's Return Fizzles: GameStop (NYSE: GME) stock surged to $48 but now hovers around $25 after Keith Gill's reappearance. Missing the drama and heroes of the 2020 rally, the stock lacks a compelling new narrative, casting doubt on future highs.
WestJet Airlines (TSE: WJA) has swiftly resolved its mechanics' union strike with a new five-year contract, bringing back 130 grounded aircraft. Despite ongoing disruptions, the deal aims to stabilize operations and address union members' needs. Stockholders will monitor the airline's recovery.
The EU is set to charge Meta (NASDAQ: META) with breaching digital regulations over a controversial data tracking model. This follows recent accusations against Apple (NASDAQ: AAPL) under the Digital Markets Act. Stock traders should monitor the market impact on both tech giants.
Sanofi (NASDAQ: SNY) plans a $1.6 billion investment in its Frankfurt, Germany facility, marking a significant shift from its earlier French production plans. This move, following major investments by Daiichi Sankyo and Eli Lilly in Germany, highlights the country's growing pharmaceutical appeal.
Boeing (BA) reacquires Spirit AeroSystems (SPR) for $4.7B in stock, ending Spirit's 20-year independence. Driven by safety concerns post-737 MAX crisis, Boeing aims to improve quality control. Airbus (AIR) also benefits, taking over Spirit’s Europe-centric operations in a related deal.
The S&P 500 closed slightly higher; housing market shows cooling signs; Apple’s Vision Pro launched in China; SoftBank issues bonds to focus on AI investments.
Chipotle Mexican Grill (NYSE: CMG) experienced a 5% stock dip following a 50-for-1 stock split. Traders likely locked in profits, but no fundamental issues appear. This creates a potential buy opportunity for long-term investors, given Chipotle's enduring market appeal.
**Meta May Block News on Facebook in Australia Over Licensing Fees**
Meta is considering blocking news sharing on Facebook in Australia if the government enforces licensing fees for news content. This echoes Meta's past moves in Canada and could impact Australian media revenue and Meta’s complia...
Nike (NYSE: NKE) forecasts a significant revenue dip for fiscal 2025, causing a 12% drop in stock prices. Shifting consumer interest to brands like On and Hoka, along with lower-than-expected Q4 results, highlight market challenges. Revenue could fall by over $15 billion by Friday.
Nvidia (NVDA) shares have surged over 150% in the first half of the year, boosted by its dominance in the AI chip sector. Recently, a 10-for-1 stock split was implemented, making shares more accessible and prompting a 30% gain. Historical data suggests stock splits often lead to outperformance, w...
JD, Puma, and Nike shares fell while Adidas saw a brief uptick. Analysts see 2025 as a strategic window for Adidas to gain market share amid Nike's downturn. Despite initial gains, Adidas shares closed 0.2% lower.
European markets rebounded on Friday as the STOXX 600 rose 0.4%, led by a 1% boost in energy stocks due to strong crude prices. Traders await critical U.S. inflation data.
Stock markets show mixed signals as Amazon hits a new high, Nvidia dominates AI chips, and investors await key economic data and the Presidential debate.
Walgreens Boots Alliance (NASDAQ: WBA) faces a tough Thursday as it slashes its FY2024 profit outlook and plans to close several U.S. stores, leading to a 15% drop in premarket trading. The company, grappling with inflation and declining sales, revises its adjusted profit forecast to $2.80-$2.95 ...
U.S. stock markets opened lower on Thursday as tech shares dragged indices down. Micron (MU) dropped 6% with a poor financial forecast, Levi Strauss (LEVI) plummeted 16% due to weak Dockers brand revenue, and Walgreens (WBA) fell 4.8% after slashing its fiscal 2024 guidance. International Paper (...
H&M (ST:HMb) shares plunged nearly 14% after the retailer missed quarterly earnings expectations and forecasted a 6% drop in June sales. CEO Daniel Erver cited external factors like rising material costs and currency fluctuations as challenges to achieving a 10% operating margin by 2024.
GSK's stock (NYSE: GSK) plunged over 6% after the US CDC restricted RSV vaccine use, recommending it only for high-risk individuals aged 60-74. The change impacts GSK's Arexvy vaccine, crucial for revenue amidst looming patent expirations. Analyst forecasts may be revised downwards.
SoftBank Group (TYO: 9984) is making significant strides in AI-driven healthcare through a strategic partnership with Tempus AI, aiming to revolutionize personal medical data analysis and treatment recommendations. This collaboration underscores SoftBank’s renewed focus on AI investments, highlig...
Toyota (NYSE: TM), Denso, and Toyota Industries (OTC: TYIDF) plan to offload 33.9M shares in Aisin, worth ~$1.11B. This strategic divestment signals a shift in asset allocation, affecting Aisin’s stock dynamics. Traders should watch Aisin’s price and trading volumes closely.
Chinese AI firms are seizing the opportunity as OpenAI plans API restrictions in regions including China. Baidu (BIDU) responds with free migration to its Ernie platform, aiming to attract displaced OpenAI users. Read how this shift impacts the AI market.
WestJet Airlines (TSE: WJA) faces renewed strike threats from its maintenance engineers, impacting stock performance. Despite offering a 22% pay raise, the union's rejection could lead to a work stoppage by June 28. Track developments on StockInvest.us for trading insights.
McDonald's (NYSE: MCD) has launched a $5 value meal to attract customers amidst challenging Q1 results, including a 2.5% rise in US same-store sales, slightly missing forecasts. This move aims to counteract perceptions of pricey offerings while competing with KFC and Burger King.
Snowflake (NYSE: SNOW) has faced a 48% stock drop this year despite strong fiscal Q1 results showing a 34% revenue increase. With AI-driven products and a growing customer base, Snowflake's valuation offers a potential buying opportunity. Analysts predict a 60% upside, banking on revenue growth a...
