Business
Brooklyn Nets’ playoff flops have created business concerns for the heavily hyped NBA franchise
The Brooklyn Nets’ Kyrie Irving (left) has a pat for teammate Kevin Durant as the Celtics were expanding their lead in the second half of Game Four of their first round NBA playoff series at Barclays Center in Brooklyn, NY on April 25, 2022. Jim Davis | Boston Globe | Getty Images The superstar-laden, super-expensive, […]
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Eli Lilly obesity drug delivers 20% weight loss, bolstering investment case for new therapies
Tirzepatide is among a wave of new weight loss therapies poised to hit the market that are making greater amounts of weight loss possible. Source
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Comcast shares slump as broadband subscriber growth continues to slow
Comcast reported first-quarter earnings Thursday that beat analyst estimates on the top and bottom lines, though broadband growth continues to slow. Comcast added 262,000 high-speed internet customers in the quarter, above the 229,000 average analyst estimate. But about 80,000 of those subscribers were free Internet Essentials customers who are now counted in the total. Comcast […]
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Analysts head for the exits on Teladoc as stock plunges 46%
Competition will weigh on the telehealth company’s mental health and chronic care businesses, analysts said. Source
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures soar as stocks look to get back on track The Nasdaq MarketSite in New York. Michael Nagle | Bloomberg | Getty Images Nasdaq futures bounced nearly 2% on Thursday, boosted by a 14% pop in […]
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Stocks making the biggest moves premarket: Meta, Teladoc, Pinterest, Qualcomm and more
Woman holds smartphone with Meta logo in front of a displayed Facebook’s new rebrand logo Meta in this illustration picture taken October 28, 2021. Dado Ruvic | Reuters Check out the companies making headlines in Thursday premarket trading. Meta — Shares of the Facebook parent soared more than 16% in premarket trading after the tech […]
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Evercore ISI says Facebook is a classic dislocated high quality stock that’s ridiculously cheap
Facebook-parent Meta’s valuation does not reflect the stock’s high-quality caliber, according to Evercore ISI. Source
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Southwest Airlines keeps 2022 profit forecast as bookings and fares outpace higher costs
A Southwest Airlines jet lands at Midway International Airport on January 28, 2021 in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines reiterated its forecast for second-quarter and 2022 profits as bookings and fares outpace a jump in labor, fuel and airport costs. The Dallas-based carrier expects second-quarter revenue growth of 8% to 12% […]
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Moderna asks FDA to authorize Covid vaccine for kids under 6 years old
Moderna on Thursday asked the Food and Drug Administration to authorize its Covid vaccine for children ages 6 months to 5 years old. The vaccine was about 51% effective against infection from the omicron variant in children under 2 years old and about 37% effective among 2- to 5-year-old kids, according to a company press […]
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Merck sold $3.2 billion of its Covid oral antiviral treatment, driving first-quarter revenue growth
Medicine pill is seen with Merck logo and words ‘Molnupiravir’ and ‘COVID-19’ displayed on a screen in the background in this illustration photo taken in Poland on November 5, 2021. Jakub Porzycki | NurPhoto | Getty Images Merck sold $3.2 billion of its oral antiviral treatment for Covid in the first quarter, fueling the company’s […]
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