Posts with tag: algorithms
Palantir stock plunges 10% on report of potential Pentagon budget cuts, wiping out recent gains.
Published on: February 20, 2025, 07:01 AM UTC
Pharmaceutical companies and pharmacy benefit managers are facing off in Washington, with PBMs defending their value amid scrutiny over their rebate strategy. PBMs aim to lower drug costs, but rebates have been linked to higher list prices and out-of-pocket expenses. Alternative models like Walmart's $4 generics and Cost Plus Drugs offer low-cost options, but PBMs argue they remain essential for health insurance companies.
Published on: February 20, 2025, 12:01 AM UTC
Struggling Against Inflation, Rogers Corp Posts a Fourth-Quarter Loss
Published on: February 19, 2025, 11:06 PM UTC
New Gold Inc. reports fourth-quarter earnings of $55.1 million, topping Wall Street expectations, with revenue of $262.2 million.
Published on: February 19, 2025, 11:05 PM UTC
BioMarin Pharmaceutical (NASDAQ: BMRN) reported strong Q4 results, beating analyst estimates for both revenue and EPS. The company's full-year revenue guidance came in above expectations, and its adjusted EPS guidance for the upcoming year is also above estimates. BioMarin's key takeaways for Q4 include revenue growth of 15.6% year-over-year, adjusted EPS of $0.92 vs. estimates of $0.74, revenue guidance of $3.15 billion, and adjusted EPS guidance of $4.30.
Published on: February 19, 2025, 10:11 PM UTC
McGrath RentCorp reports Q4 profit of $38.9M, EPS of $1.58; FY profit of $231.7M, EPS of $9.43; Revenue of $910.9M. Forecast: Revenue in range of $920M to $970M.
Published on: February 19, 2025, 10:09 PM UTC
Elon Musk's government efficiency commission claims billions in 'savings' through contract cancellations, but accuracy and long-term consequences are uncertain.
Published on: February 19, 2025, 10:05 PM UTC
The CEOs of Wall Street's major banks saw significant pay increases in 2024, with Citigroup CEO Jane Fraser receiving the largest bump. Fraser's total compensation rose to $34.5 million, while Goldman Sachs CEO David Solomon's pay climbed to $39 million. Despite setbacks like fines and a dialed-back return target, Citigroup's stock has outperformed peers this year thanks to Fraser's strategic leadership.
Published on: February 19, 2025, 05:02 PM UTC
Formula One kicks off its 75th season with new cars, tech, and a growing fan base, driven by Netflix's "Drive to Survive" and the addition of American automakers Ford and Cadillac.
Published on: February 19, 2025, 03:01 PM UTC
Billionaire investor Bill Ackman's Pershing Square proposes buying 10 million new shares of Howard Hughes Holdings, giving it a 48% stake. The deal includes Ackman becoming chairman and CEO and transforming HHH into a diversified holding company similar to Berkshire Hathaway.
Published on: February 19, 2025, 01:03 PM UTC