Top Stock News
AbbVie Inc: Cut its 2025 adjusted profit forecast due to acquisition expenses and R&D costs related to expanding its pipeline after Humira’s patent loss.
AB Volvo: Sweden’s AB Volvo will increase its investment in a truck factory in Nuevo Leon, Mexico, to $1 billion, according to Mexico’s Economy Minister Marcelo Ebrard.
Alphabet Inc: TD Cowen reduced the target price on GOOGL to $195 from $210, citing challenges such as lower consumer sentiment and demand affecting ad spend growth.
Ameris Bancorp: Piper Sandler initiated coverage with a target price of $74, highlighting strong profitability and a robust capital profile.
AppLovin Corp: Submitted a bid for TikTok assets outside China ahead of the U.S. deadline for a non-Chinese buyer.
Apple Inc: Potential price hikes for iPhones due to new tariffs imposed by U.S. President Trump, with price increases of 30-40% if the cost is passed to consumers.
Aerospace Firms: Urged the European Union to hit back against U.S. tariffs, with one of Europe’s biggest airlines warning of higher fares.
Boeing Co & United Airlines Holdings Inc: The FAA is investigating a United Airlines Boeing 737 flight that was diverted due to light smoke from a galley oven.
BP Plc: Chair Helge Lund announced plans to step down, following a campaign by Elliott Management for changes at the company.
Brookfield Asset Management Ltd & Brookfield Infrastructure Partners LP: Acquiring Colonial Pipeline for $9 billion, with a $500 million equity investment.
Cognizant Technology Solutions Corp: A U.S. judge dismissed a foreign bribery case against two former executives, following Trump’s halt on enforcement of the Foreign Corrupt Practices Act.
Dollarama Inc: RBC raised the target price on DOL:CA to C$183 from C$159 after strong Q4 results and FY2026 guidance increase.
Exxon Mobil Corp: Anticipates a $900 million increase in first-quarter earnings due to higher oil and gas prices.
GSK Plc & Pfizer Inc: Ended their lawsuit over the RSV vaccine patent rights issue, agreeing to dismiss the case with prejudice.
Lamb Weston Holdings Inc: JPMorgan raised the target price to $66 from $65, citing strong third-quarter revenue growth.
Meta Platforms Inc: A Kenyan court ruled Meta could be sued over alleged content promoting ethnic violence in Ethiopia during the Tigray conflict.
Microsoft Corp & New York Times Co: U.S. judicial panel consolidated copyright cases against OpenAI and Microsoft, moving them to New York court.
Morgan Stanley: Raising about $684 million for a Japan-focused real estate fund, set to close in June.
Nike Inc: Bernstein cut the target price to $85 from $95, expecting growth challenges in the U.S. amid the ongoing global trade war.
Peloton Interactive Inc: Bernstein lowered the target price to $7.50 from $9, citing declining consumer spending and membership cancellations.
Phillips 66: Elliott Investment Management suggested Phillips 66’s stock price could nearly double to $200 if it sells or spins off its midstream business.
Stellantis NV: STLA is temporarily laying off 900 workers in the U.S. and pausing production in Mexico and Canada in response to new tariffs.
Tariffs Impact on German Industry: Far-reaching U.S. tariffs are expected to deal a major blow to German industry, with damage projected at 200 billion euros.
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