Briefs

Following recent legal setbacks for Apple Inc. (NASDAQ:AAPL) regarding alleged monopolistic practices and new App Store fee policies driven by the EU’s Digital Markets Act (DMA), Bank of America Securities (BofA) analyst Curtis Nagle has re-evaluated the financial outlook for major...

The U.S. Food and Drug Administration (FDA) has accepted and granted priority review for Merck & Co. Inc.’s (NYSE:MRK) new supplemental Biologics License Application (sBLA) seeking approval to update the U.S. product label based on the Phase 3 ZENITH trial for Winrevair (sotatercept-csrk...

Despite a slight dip in overall sales, Constellation Brands, Inc.’s (NYSE:STZ) recent fiscal first-quarter results highlight the resilience of its beer segment, driven by impressive gross margins. This performance and cost efficiencies have allowed the company to reaffirm its full-year...

While still in its nascent stages, the burgeoning field of quantum computing is rapidly attracting significant investor attention due to its immense long-term economic potential, pushing stock valuations well above what near-term revenue or earnings would justify. IonQ, Inc. (NYSE:IONQ) stands out...

The House Judiciary Committee has subpoenaed Dr. Philip Dormitzer, a former Pfizer Inc. (NYSE:PFE) executive, in connection with an investigation into claims that the company intentionally delayed the release of clinical testing results for its COVID-19 vaccine until after the 2020 presidential...

Microsoft Corp‘s (NASDAQ:MSFT) latest round of downsizing will affect less than 4% of its workforce, or 9,000 workers. This marks Microsoft’s second layoff for 2025, Bloomberg reported on Wednesday, citing a company spokesperson. The company cited cost control affecting diverse teams,...

KeyBanc Capital Markets initiated coverage on CAVA Group, Inc. (NYSE:CAVA), also known as Cava Grill, a Mediterranean fast-casual restaurant chain with locations across the U.S. The analyst Christopher Carril writes, “We believe CAVA has the potential to define the category and bring...

Alibaba Group Holding Limited (NYSE:BABA) shares dipped Wednesday after announcing a strategic partnership with website builder Wix.com Ltd. (NASDAQ:WIX). The alliance aims to simplify global commerce for entrepreneurs and small businesses across 200-plus markets. The new alliance aims to simplify...

Data infrastructure chip company Marvell Technology’s (NASDAQ:MRVL) stock has plunged 31% year-to-date, despite gaining 22% in the last three months, as it grapples with intense competition, macroeconomic uncertainty fueled by U.S. semiconductor sanctions, and tariff policies. On May 6, the...

Unifirst Corporation (NYSE:UNF) shares are trading lower on Wednesday. The company reported third-quarter adjusted earnings per share of $2.17, beating the analyst consensus estimate of $2.09. Quarterly sales of $610.778 million (+1.2% year over year) missed the Street view of $614.51 million. Also...

Boeing Company (NYSE:BA) shares edged slightly higher in early Wednesday trading as the aerospace firm marked another step in its satellite rollout. The company recently completed the delivery of its ninth and tenth O3b mPOWER satellites, continuing its partnership with network operator SES to...

Rivian Automotive Inc. (NASDAQ:RIVN) released its second-quarter 2025 production and delivery results on Wednesday, reflecting its continued focus on transitioning to next-generation electric vehicle models. The company produced 5,979 vehicles between April and June and delivered 10,661 units from...

Oscar Health, Inc. (NYSE:OSCR) stock is trading lower on Wednesday, in reaction to Centene Corp.’s (NYSE:CNC) decision to withdraw its 2025 earnings guidance. This move by Centene has raised concerns across the health insurance sector, particularly regarding the individual Health Insurance...

Genius Group Limited (NYSE:GNS) boosted its cryptocurrency reserves by 20% on July 1, 2025, purchasing additional Bitcoin (CRYPTO: BTC/USD) and bringing its total holdings to 120 BTC. The move follows a recent decision by a U.S. appellate court that allowed the company to resume crypto...

Stellantis N.V. (NYSE:STLA) shares are trading relatively flat on Wednesday, following a batch of mixed news, including a federal investigation, solid brand performance, and a corporate update. The company is facing a federal recall probe by the U.S. National Highway Traffic Safety Administration (...