Akeso, whose drug ivonescimab was hailed as biotech’s “DeepSeek moment” amid US competition last year, announced better-than-expected clinical results showing it can treat a type of lung cancer commonly found in smokers, potentially expanding its approved uses. Analysts suggest it could become a backbone therapy in the US$20 billion global non-small cell lung cancer market and have revised their t...
Akeso, whose drug ivonescimab was hailed as biotech’s “DeepSeek moment” amid US competition last year, announced better-than-expected clinical results showing it can treat a type of lung cancer commonly found in smokers, potentially expanding its approved uses. Analysts suggest it could become a backbone therapy in the US$20 billion global non-small cell lung cancer market and have revised their target prices upwards. The drug’s phase three trial found that ivonescimab reduced the risk of death...
Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Intel has delivered impressive returns over the past year, far surpassing the Dow Jones Industrial Average. However, analysts remain wary of the stock's future prospects.
Intel has delivered impressive returns over the past year, far surpassing the Dow Jones Industrial Average. However, analysts remain wary of the stock's future prospects.
Microsoft is doubling down on its artificial intelligence-led strategy by debuting a series of homegrown AI models — a move that could catapult shares to new highs, according to Wells Fargo. The bank, which has an overweight rating on the tech giant, hiked its price target on shares to $650 from $625. that suggests 44% upside from Friday's close. "The [company is] better positioned at software lay...
Microsoft is doubling down on its artificial intelligence-led strategy by debuting a series of homegrown AI models — a move that could catapult shares to new highs, according to Wells Fargo. The bank, which has an overweight rating on the tech giant, hiked its price target on shares to $650 from $625. that suggests 44% upside from Friday's close. "The [company is] better positioned at software layer than [it's] getting credit for & making right moves to catch up on capacity, models & Copilot," analyst Michael Turrin said in a note to clients. "While MSFT's model development efforts have been somewhat slower than peers … we expect investments at software & model layers [to] pay off in meaningful adoption over time, becoming a greater portion of the mix." Microsoft is expected to unveil this week a suite of AI tools, including a model for coding that will complement GitHub Copilot, at its "Build" conference in California, The Information reported . It is also likely to introduce models for reasoning, transcription and images, according to the report. The company is also expected to disclose more details about its lucrative partnerships with major AI startups later this week, which could serve as a short-term catalyst for its stock, per the analyst note. Two-thirds of the firm's $37 billion AI business likely comes from OpenAI and Anthropic's Azure consumption as well as a revenue share with the former of those two startups, while the remainder may come from Microsoft 365, Github Copilot and other AI services, according to Wells Fargo. Wells Fargo's call falls in line with consensus on the Street. Of the 60 analysts covering Microsoft, 56 have a buy or strong buy on the stock, LSEG data shows. Shares have fallen nearly 7% since the beginning of this year, underperforming the overall market.
panaya chittaratlert/E+ via Getty Images Listen below or on the go via Apple Podcasts and Spotify Berkshire Hathaway ( BRK.B ) to acquire Taylor Morrison ( TMHC ) in $8.5B deal. (00:20) Yum! Brands ( YUM ) in exclusive talks to sell Pizza Hut to LongRange - report. (01:26) Salesforce ( CRM ) to invest $2B in France through 2030. (02:24) This is an abridged transcript. Berkshire Hathaway ( BRK.A ) ...
panaya chittaratlert/E+ via Getty Images Listen below or on the go via Apple Podcasts and Spotify Berkshire Hathaway ( BRK.B ) to acquire Taylor Morrison ( TMHC ) in $8.5B deal. (00:20) Yum! Brands ( YUM ) in exclusive talks to sell Pizza Hut to LongRange - report. (01:26) Salesforce ( CRM ) to invest $2B in France through 2030. (02:24) This is an abridged transcript. Berkshire Hathaway ( BRK.A ) ( BRK.B ) has agreed to acquire homebuilder Taylor Morrison Home Corp. ( TMHC ) in an all-cash transaction valued at approximately $8.5 billion, the companies announced Sunday. Under the terms of the agreement, Berkshire will pay $72.50 per share for Taylor Morrison, representing a 24% premium to the company's closing stock price of $58.50 on May 29. The deal values Taylor Morrison's equity at roughly $6.8 billion and its enterprise value at approximately $8.5 billion. The acquisition is expected to close during the second half of 2026, subject to customary closing conditions. After the transaction is completed, Taylor Morrison will become a privately held company. The deal marks one of Berkshire Hathaway's largest acquisitions in recent years and signals a significant vote of confidence in the long-term outlook for U.S. housing despite elevated mortgage rates and affordability concerns. TMHC is up 21% in premarket action. Yum! Brands ( YUM ) is in exclusive discussions to sell its Pizza Hut chain to LongRange Capital. According to a Bloomberg report , which cited people familiar with the matter, Yum ( YUM ) entered the exclusive talks in recent days, beating out offers from Sycamore. The parties are moving ahead with a potential deal in several weeks. Yum, LongRange, and Sycamore declined to comment to Bloomberg. Yum ( YUM ) launched a formal strategic review of the Pizza Hut chain in November, actively considering a possible sale or other options as the business faces ongoing struggles in the U.S. and continues to post declining sales. PepsiCo ( PEP ) acquired Pizza Hut i...
bymuratdeniz A record year for IPO proceeds is unlikely to overwhelm demand for U.S. equities ( SPY ) ( QQQ ) ( DIA ), according to Goldman Sachs. The firm raised its forecast for 2026 IPO gross proceeds to $225B from $160B, citing a healthier backdrop for new launches and increased odds that some of the largest private companies come public this year. Including follow-ons, converts and SPACs, Gol...
bymuratdeniz A record year for IPO proceeds is unlikely to overwhelm demand for U.S. equities ( SPY ) ( QQQ ) ( DIA ), according to Goldman Sachs. The firm raised its forecast for 2026 IPO gross proceeds to $225B from $160B, citing a healthier backdrop for new launches and increased odds that some of the largest private companies come public this year. Including follow-ons, converts and SPACs, Goldman expects total corporate equity issuance to reach $675B. That would make 2026 a record year for IPOs in dollar terms, but Goldman said the supply is still manageable relative to the size of the market. The expected issuance would equal about 1% of U.S. equity market cap, below the historical average of 1.5% since 1995. IPO activity has already picked up after four years of muted issuance. Goldman said 40 U.S. companies have gone public year-to-date, raising $28B, the largest total through May since 2021. Still, the number of deals is only on pace to reach the long-term annual average of about 100 IPOs, well below the more than 250 launched in 2021 and nearly 400 in 1999. The larger supply question may come after lockups expire. Goldman said large IPOs with initial floats below 10% have historically seen float rise to 46% within 12 months. Based on that pattern, the firm estimates nearly $500B in potential equity supply from expiring lockups in 2026, with a larger amount possible in 2027. But Goldman said that supply may not fully materialize if investors choose to maintain positions. More importantly, corporate demand should remain a powerful offset. The firm forecasts $1.3T in gross buybacks this year, even as buyback growth has slowed alongside the AI capex boom. Buyback authorizations have reached a record $860B year-to-date, led by large programs including Nvidia’s $80B authorization. M&A should also support corporate equity demand, with nearly $900B of U.S. deals announced year to date, up 48% from the same point last year. Goldman said corporate demand for equitie...
(Bloomberg) -- Industrial subsidies are reshaping the global economy with China standing out as a provider of state support that risks harmful distortions, according to new data from the OECD.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Are Rising Thanks to US HelpA Rar...
(Bloomberg) -- Industrial subsidies are reshaping the global economy with China standing out as a provider of state support that risks harmful distortions, according to new data from the OECD.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Are Rising Thanks to US HelpA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectAmericans Injured in Iranian Missile
Ask any Social Security beneficiary whether they want a large or small cost-of-living adjustment (COLA) in 2027, and nearly all of them will say they want the biggest benefit boost possible. After all, who would turn down more money? But a big Social Security COLA might not help you as much as you'd hoped. In some cases, it could actually make your finances more complicated. Here are three reasons...
Ask any Social Security beneficiary whether they want a large or small cost-of-living adjustment (COLA) in 2027, and nearly all of them will say they want the biggest benefit boost possible. After all, who would turn down more money? But a big Social Security COLA might not help you as much as you'd hoped. In some cases, it could actually make your finances more complicated. Here are three reasons why. Image source: Getty Images. Continue reading
Investing.com -- Nvidia unveiled a new chip designed to bring AI capabilities directly into personal computers (PCs) on Monday, sending semiconductor and technology stocks moving in opposite directions.
Investing.com -- Nvidia unveiled a new chip designed to bring AI capabilities directly into personal computers (PCs) on Monday, sending semiconductor and technology stocks moving in opposite directions.