Tag: science

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Birkenstock Beats Wall Street Estimates in Fiscal Q1

Birkenstock beats Wall St expectations with a profit of 19 cents per share. Revenue also exceeded forecasts, coming in at $385.9 million.

U.S. Futures Dip as Trump Tariff Threats, Ukraine Woes Dent Sentiment

US stock index futures dip as investors seek safety amid trade war threats, geopolitical concerns, and a cautious Federal Reserve. Safe-haven assets like gold and the yen rise, while Treasury yields ease.

Pharmaceutical Industry and PBMs Clash Over Patient Savings and Drug Costs

CVS, PFE, GDRX, LLY, HIMS stocks surge as pharma battle with PBMs heats up in Washington. Amid scrutiny, CVS Health defends its role in reducing drug costs, citing 90% generic prescriptions and $8 average out-of-pocket costs.

Lenovo Q4 Profit Buoyed by AI Infrastructure Demand, Beating Estimates

Lenovo's quarterly profit beats projections, driven by AI infrastructure spending and PC market recovery. Investors bet on AI PCs and government subsidies boosting demand, while potential tariffs and economic challenges remain.

Dixon Technologies set to double revenue as India electronics manufacturing booms

Dixon Technologies, Google’s Pixel smartphone assembler, expects to double its revenue this fiscal year driven by growth in local electronics manufacturing.

Yen Gains, Dollar Steady as Trump Tariffs, Ukraine Tensions Weigh

Yen rises as Trump's tariff threats stir global economy, currency market remains cautious.

Carvana Q4 Earnings Beat: Revenue and Profit Surge, Shares Dip Despite Record Sales

Carvana Reports Record Q4 Revenue and Profit, Exceeding Estimates; Shares Dip in After-Hours Trading

First Carolina Bank Acquires BM Technologies for $66 Million, Accelerating Digital Banking Growth

First Carolina Bank has acquired BM Technologies, a digital banking fintech, for $66 million. The acquisition will help First Carolina Bank differentiate itself in the market and accelerate its digital banking growth strategy.

Oil Majors Explore Lithium Investment in Chile

Exxon Mobil and SLB seek lithium investment opportunities in Chile, world's second-biggest lithium producer. The companies, under pressure to reduce carbon emissions, see parallels between conventional oil and gas drilling methods and lithium extraction from brine.

PRA Group Reports Q4 Profit of $18.5 Million

PRA Group Inc. (PRAA) reported fourth-quarter profit of $18.5 million, or 47 cents per share, topping Wall Street expectations. Revenue was $293.2 million. For the year, the company reported profit of $70.6 million, or $1.79 per share, on revenue of $1.11 billion.