Tag: shopping

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Tesla's Rumored Interest in Investing in Nissan

Tesla and Nissan: Exploring Investment Rumors Amid Merger Talks and Production Speculation

Magnificent Seven Stocks: Valuations at Premiums Amidst Middling Performance

Valuations for tech giants like Meta, Amazon, and Google remain high, tempering future return expectations. Diversification is crucial, with investors urged to broaden portfolios beyond the "Magnificent Seven" tech stocks.

Guzman y Gomez FY23 First-Half Earnings Jumped, Surpassing Profit Target

Mexican-themed fast-food chain Guzman y Gomez reports near doubling of first-half earnings, exceeding last year's profits and analyst estimates.

Target Sued by Florida Pension Board Over DEI Practices

Florida's pension board has sued Target over its handling of DEI initiatives, claiming it caused a drop in stock prices due to backlash against its Pride collection. The lawsuit comes amid other legal challenges against the retailer's DEI practices.

Renewed Scrutiny of PBMs Amid Healthcare Cost Concerns

As a standoff between pharmaceutical companies and PBMs rages on in Washington, CVS defends its role in lowering drug costs despite scrutiny over its rebate strategy and competition from Walmart, GoodRx, and telehealth companies.

Battle Between Drugmakers and Pharmacy Managers Rages in Washington as Trump's New Administration Takes Shape

The pharmaceutical industry and pharmacy benefit managers (PBMs) are at odds in Washington, D.C., as drug companies push for policies that would benefit patients at the expense of PBM profits. PBMs, such as CVS Caremark, defend their value in the healthcare system, while scrutiny from policymakers intensifies and new models for low-cost prescription access emerge.

Billionaire Ackman's Pershing Square to Buy 48% of Howard Hughes Holdings

Billionaire investor Bill Ackman's Pershing Square has revised its bid to purchase $900 million of Howard Hughes Holdings (HHH) shares, giving it 48% ownership and plans to turn the real estate developer into a modern-day Berkshire Hathaway.

UK to Boost Defense Spending, Re-Arm Amid European Security Concerns

The UK must re-arm as part of a commitment to step up European security, Defence Secretary John Healey said, announcing the establishment of a unit within his department to oversee £20 billion ($25 billion) of military spending.

Japan’s Non-Life Insurers Sell ¥1.64 Trillion in Cross-Held Shares

Japan’s largest non-life insurers sold ¥1.64 trillion ($11B) of cross-held shares in April-December 2023, nearly 90% of their planned ¥1.84T divestitures by March 2025. The sales aim to improve governance and reduce cozy ties, with proceeds used for shareholder returns, acquisitions, and investments

Essent Group Q4 Earnings Miss Estimates

Essent Group Ltd. reported Q4 earnings of $1.67 per share, missing Wall Street expectations. For the year, the company reported profit of $729.4 million or $6.85 per share on revenue of $1.24 billion.