#nyse

Novo Nordisk and Viatris reached a confidential settlement in a high-stakes patent dispute related to Novo's blockbuster drugs, Ozempic and Wegovy, which are used to treat type 2 diabetes and obesity. Filed with the U.S. Patent and Trademark Office’s (USPTO) Patent Trial and Appeal Board, the...

Amazon's (AMZN) stock took a hit on October 7, 2024, closing 3% lower after Wells Fargo analyst Ken Gawrelski downgraded the company from Overweight to Equal Weight, reducing its price target from $225 to $183. Gawrelski's note highlighted several headwinds that could weigh on Amazon’s profit...

Nvidia (NVDA) overtook Microsoft (MSFT) to claim the position as the world’s second-largest company by market capitalization, trailing only Apple (AAPL). Nvidia's market cap surged to $3.13 trillion, surpassing Microsoft's $3.04 trillion, driven by robust demand for its artificial intelligence...

On October 7, 2024, Chevron Canada Limited, an indirect subsidiary of Chevron Corporation, announced a major step in its portfolio optimization strategy with the sale of its 20% non-operated interest in the Athabasca Oil Sands Project and 70% operated interest in the Duvernay Shale, both located...

1. Pfizer Shares Rise on Starboard's $1 Billion Stake Pfizer (PFE) shares increased by 3% in premarket trading after Starboard Value reportedly took a $1 billion stake in the company. The pharmaceutical giant has faced pressure after losing nearly half of its value since its pandemic peak. 2...

Strategic Partnership with Hyundai: Alphabet Inc.’s Waymo has announced a significant partnership with Hyundai to integrate its autonomous technology into the IONIQ 5 electric vehicles. This collaboration marks a critical step in expanding Waymo’s robotaxi fleet, showcasing the growing...

Big Bank Earnings (Friday, Oct 11): Major financial firms such as JPMorgan Chase, Wells Fargo, BlackRock, and Bank of New York Mellon will release their Q3 earnings. Delta Air Lines and PepsiCo will also report earnings earlier in the week. Tesla’s Robotaxi Reveal (Thursday, Oct 10): Tesla is...

JPMorgan Chase & Co has increased its presence in Australia's casino sector by acquiring a 5.47% stake in Star Entertainment, as revealed in a recent exchange filing. This move positions JPMorgan as a substantial shareholder in the financially troubled casino operator, which has been grappling...

Spirit Airlines (SAVE) saw its stock plunge by 40% in premarket trading as reports surfaced about the carrier exploring a potential bankruptcy filing. This comes after the failure of a $3.8 billion merger with JetBlue Airways (JBLU). Spirit is reportedly in talks with bondholders about a chapter...

Shaky October: The stock market experienced losses on Thursday, with the Dow down 184.93 points (0.44%) and the S&P 500 dropping 0.17%. The Nasdaq Composite had a slight gain of 0.04%, aided by Nvidia's rally. Overall, October is starting weakly, with major indices poised to break a three-week...

The downgrade follows Tesla's disappointing third-quarter vehicle delivery report, with the bank noting that the company may not achieve any growth in full-year vehicle deliveries for the first time in its history. Year-to-date, Tesla has delivered 1.29 million vehicles, needing over 520,000...

Nvidia's stock surged as much as 5% on Thursday, following comments from CEO Jensen Huang about overwhelming demand for the company's next-generation Blackwell GPU chips. Despite minor redesign delays earlier in the year, Huang confirmed that Blackwell chips are now in full production, with...

Eli Lilly and Company has announced a monumental $4.5 billion investment to establish the Lilly Medicine Foundry, a cutting-edge facility dedicated to drug manufacturing and clinical trial medicine production. This facility will be built in the LEAP Research and Innovation District in Lebanon...

LifeWallet (NASDAQ: LIFW), announced a significant acquisition of Medicare Secondary Payer (MSP) claims. This deal involves more than 450,000 Medicare members, with a total claims value exceeding $10.6 billion. The acquisition strengthens LifeWallet’s strategic focus on recovering healthcare...

NVIDIA is a leading technology company, best known for its powerful GPUs, which started in gaming but now dominate in fields like artificial intelligence (AI), data centers, and autonomous vehicles. The company's key product lines include GeForce GPUs for gaming, AI-focused chips for data...

In a significant move to cement its leadership in the generative AI space, OpenAI has successfully raised $6.6 billion in a new funding round, boosting the company's valuation to an impressive $157 billion. The round was spearheaded by Thrive Capital, led by Josh Kushner, with a notable $1.3...

Flat Market: The S&P 500, Nasdaq, and Dow Jones showed minimal gains amid rising tensions in the Middle East. Energy stocks outperformed as oil prices surged due to Iran's missile attack on Israel. OpenAI Valuation: OpenAI closed a funding round valuing the company at $157 billion. Investors...

1. Stock Market Decline Stocks retreated on Tuesday due to heightened tensions in the Middle East. The Dow dropped 173 points, while the S&P 500 and Nasdaq fell 0.93% and 1.53%, respectively. Tech stocks, including Tesla, Nvidia, and Apple, experienced sharp declines. 2. Missile Attack on...

Cerebras Systems, a leading AI chipmaker based in California, has officially filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC). Positioned as a competitor to industry giant Nvidia, Cerebras seeks to capitalize on the explosive growth in demand for AI...

Here's why: Performance Trends: Different sectors and industries perform differently based on market conditions. For example, technology stocks may outperform during periods of innovation, while utilities may be more stable during economic downturns. Risk Assessment: Each sector has its unique...