northamerica
The United States of America, Finland and Canada will come together to produce a fleet of polar icebreakers, the White House announced on Thursday, in what is being seen as a move to counter Russia in the Arctic region. Under the Icebreaker Collaboration Effort or ‘ICE’ Pact, the three countries intend to “strengthen the shipbuilding industry and industrial capacity of each nation – and build closer security and economic ties among our countries through information exchange and mutual workforce-development focused on building polar icebreakers, as well as other Arctic and polar capabilities,” ...
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S&P 500 is expected to open in the green today after the U.S. Bureau of Labour Statistics said inflation was up less than expected in June. Markets will likely well receive the CPI data as the index declined on a month-over-month basis as well. SPX is currently up close to 20% already versus the start of 2024. CPI data today creates room for rate cutsCompared to a year ago, the consumer price index came in at 3.0% versus the Dow Jones estimate of 3.1%. The monthly inflation data may create more room for the U.S. Federal Reserve to begin cutting rates in September. Chair Jerome Powell has alrea...
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Pfizer Inc (NYSE: PFE) is in focus today after announcing plans of proceeding with a once-a-day formulation of danuglipron – its weight-loss drug. Encouraging data from an ongoing early-stage study informed its decision to move forward with that variant of its obesity pill. Pfizer stock is currently trading slightly below its price at the start of 2024. What’s next for Pfizer Inc in the obesity market?Pfizer tested more than one formulation of its weight-loss drug and picked the one that had “the most favourable profile”. The New York listed firm will conduct trials in the back half of this ye...
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Delta Air Lines Inc (NYSE: DAL) is losing in premarket on Thursday after reporting weaker-than-expected revenue for its second financial quarter. The airline stock is taking a hit also because it disappointed in terms of future outlook as well. Delta Air Lines shares are now down some 20% versus their year-to-date high. Delta Air Lines disappoints on earnings guidaceDelta Air Lines now forecasts its per-share earnings to fall in the range of $1.70 to $2.0 in the current quarter. Analysts, in comparison, were at $2.05. Still, Glen Hauenstein – president of the major U.S. air carrier said in a p...
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HubSpot Inc (NYSE: HUBS) lost more than 15% on Wednesday following a report that Alphabet Inc (NASDAQ: GOOGL) is no longer interested in buying the software firm. A potential takeover would have been one of the largest in 2024. HubSpot stock is now down some 30% versus its year-to-date high in April. Why did Google abandon plans of acquiring HubSpot?Alphabet Inc was reported interested in acquiring HubSpot in April. But the two companies “did not reach a point of detailed discussions about due diligence”, as per sources that talked to Bloomberg on condition of anonymity today. Neither Google n...
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SoundHound AI Inc (NASDAQ: SOUN) says its voice assistant with integrated ChatGPT capabilities “is now live and in production” across multiple Stellantis brands in Europe. Shares of the artificial intelligence company are up more than 10% on Wednesday. SoundHound stock is still down about 45% versus its year-to-date high in mid-March. SoundHound Chat AI launches in EuropeSoundHound Chat AI rolled out in Vauxhall, Opel, and Peugeot vehicles across eleven European markets today, including Italy, Austria, Germany, Spain, France, and the United Kingdom. The Nasdaq-listed firm plans on extending th...
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Longeveron Inc (NASDAQ: LGVN) soared 100% on Wednesday after its Lomecel-B received RMAT designation from the Food & Drug Administration. Lomecel-B is the company’s investigational treatment for Alzheimer’s disease. Longeveron stock is still down about 60% versus the start of 2024. Why is it significant for Longeveron stock?The Regenerative Medicine Advanced Therapy designation comes with regulatory benefits that enable developers like LGVN to move faster in making their products available in the market. Lomecel-B met the success threshold in patients with mild AD in Clear Mind (Phase 2a trial...
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Carvana Co (NYSE: CVNA) has tripled since the start of 2024 but a Needham analyst is convinced it’s not out of room to run just yet. Chris Pierce upgraded shares of the used car retailer this morning to “buy”. Carvana stock traded at a high of $361 during the pandemic in 2021. Carvana stock has another 28% upsideThe Needham analyst now sees upside in CVNA to $160 that signals potential for another 28% gain from here. Pierce expects the digital-first experience to help the New York listed firm to gain share moving forward. His research note reads: We see CVNA becoming a profitable secular growt...
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Tesla Inc (NASDAQ: TSLA) is in focus this morning after Bill Gross said the electric vehicles behemoth has turned into a meme stock. Gross was once an influential investor in bond market of the United States. Tesla stock has gained a whopping 85% in less than three months. Why does Bill Gross see Tesla as a meme stock?The former chief investment officer of Pimco made the striking remark on X.com. His post reads: Tesla acting like a meme stock – sagging fundamentals, straight up price action. But then there seems to be a new meme stock every other day now. Most are pump and dump. The comment su...
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Soligenix Inc (NASDAQ: SGNX) reported positive interim data from a trial of its HyBryte therapy on Tuesday. HyBryte is the biopharmaceutical firm’s treatment for early-stage cutaneous T-cell lymphoma. Soligenix stock rallied a whopping 400% following the interim results today. Here’s why it matters for Soligenix stockSoligenix has so far enrolled six patients in the aforementioned clinical study. Three of them met the minimum threshold for the treatment to be called a success within eighteen weeks. The Nasdaq-listed firm is committed to signing up a total of 50 patients eventually to the ongoi...
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