Company News

Amazon announced on Tuesday that its 10th annual Prime Day sales event will take place July 16-17.Last year’s event saw the largest single sales day in Amazon’s history on the first day, when customers bought more than 375 million items worldwide.For the first eight Prime Day events, Amazon’s share price …

Eli Lilly is partnering with ChatGPT maker OpenAI to use artificial intelligence to develop new treatments to combat drug-resistant diseases.The companies called drug-resistant diseases one of the “top public health and development threats” in global health.The partnership joins Eli Lilly’s other efforts in this area, including investments of millions into …

FedEx reported stronger-than-expected fourth-quarter earnings, sending the stock more than 14% higher in extended trading Tuesday.The company’s revenue grew slightly from the year-ago period and came in ahead of expectations. Net income declined on a year-over-year basis, but beat estimates.FedEx CEO Raj Subramaniam said the results reflect the company’s initiatives …

U.S. equities were mixed at midday Tuesday, June 25, 2024 as tech stocks advanced and a report showed consumer confidence fell, though not as much as economists anticipated. Cruise stocks jumped after Carnival reported a surprise profit on higher prices for tickets and more spending by passengers onboard its ships.SolarEdge …

The healthcare sector includes companies that produce medical goods, such as drugs and medical devices, and companies that furnish medical services, such as health insurance or hospital administration. Here are the 10 biggest companies in the healthcare field based on trailing 12-month (TTM) revenue as of June 20, 2024. This …

Nvidia will hold its annual shareholder meeting on Wednesday.Stockholders will vote on company executives’ compensation plans, including that of CEO Jensen Huang, who reportedly earned more than $34 million in total compensation for fiscal 2024.Investors will vote on 12 board directors up for re-election and whether to ratify PwC as …

IBM got a “buy” rating from Goldman Sachs analysts, who cited the technology giant’s moves to boost long-term growth.The analysts pointed to IBM’s gains in infrastructure software, artificial intelligence (AI), and consulting.They suggested IBM could stand to gain market share as its investments in AI bear fruit, among other things. …

Micron Technology is set to release its third-quarter earnings report for the 2024 fiscal year after the bell on Wednesday.The company is expected to report a profit for the quarter, compared to a loss in the year-ago period as revenue grows, according to analyst estimates compiled by Visible Alpha.Investors will …

The largest restaurant companies worldwide are primarily international chains. Many are positioned to weather economic cycles and maintain consistent, profitable growth over the long term. Among them are holding companies that control a variety of subsidiary chains. These are the 10 biggest restaurant companies by trailing 12-month (TTM) revenue as …

American depositary receipts (ADRs) of Danish drugmaker Novo Nordisk rose Tuesday after the company announced that its popular weight-loss drug Wegovy has been approved to start being sold in China.Ozempic, another drug with the same active ingredient, was approved for sale in China in 2021 and has helped boost Novo …