LAS VEGAS, May 06, 2026--ServiceNow and Amazon Web Services announced a platform expansion as companies rapidly deploy and scale agentic AI across the enterprise
LAS VEGAS, May 06, 2026--ServiceNow and Amazon Web Services announced a platform expansion as companies rapidly deploy and scale agentic AI across the enterprise
hapabapa/iStock Editorial via Getty Images Novo Nordisk ( NVO ) has informed Chinese authorities that the company is entitled to certain data protection rights, which could delay the market entry of off-patent versions of its blockbuster GLP-1 drug Ozempic until next year, Bloomberg reported on Wednesday. The patent on semaglutide, the active ingredient for Ozempic as well as its sister drug Wegov...
hapabapa/iStock Editorial via Getty Images Novo Nordisk ( NVO ) has informed Chinese authorities that the company is entitled to certain data protection rights, which could delay the market entry of off-patent versions of its blockbuster GLP-1 drug Ozempic until next year, Bloomberg reported on Wednesday. The patent on semaglutide, the active ingredient for Ozempic as well as its sister drug Wegovy, expired in China in March, allowing a wave of its copycat versions to enter the Chinese market. However, the Danish drugmaker stated on Wednesday that as part of the Sino-Swiss Free Trade Agreement, it is entitled to regulatory data protection until April 2027 in China, where its Swiss entity holds the market authorization for Ozempic. The company said in an email communication that it believes Chinese officials “will comply with the agreement and protect companies’ legal rights accordingly." In March, Hangzhou Jiuyuan Genetic Biopharmaceutical, the first Chinese drugmaker to seek regulatory clearance for a semaglutide generic, said that regulators have suspended its review pending “data protection provisions under agreements with governments of other countries.” “Nobody expected this,” argued Zhao Heng, founder of Shanghai-based consultancy Latitude Health. “Everyone thought there were a bunch of companies—nine, 10 companies—waiting to market Ozempic copycats.” He said that the case should be a lesson highlighting why Chinese drugmakers should strengthen their legal functions. More on Novo Nordisk A/S Novo Nordisk A/S (NOVO:CA) Q1 2026 Earnings Call Transcript Novo Nordisk A/S 2026 Q1 - Results - Earnings Call Presentation Novo Nordisk: My Q1 Preview And Why I'm Doubling Down Novo Nordisk says oral Wegovy success to soften sales decline Novo Nordisk misses top-line and bottom-line estimates; raises FY26 outlook
Advanced Micro Devices shares rallied to a fresh high Wednesday after the chipmaker beat estimates with its latest quarterly results on growing AI demand.
Advanced Micro Devices shares rallied to a fresh high Wednesday after the chipmaker beat estimates with its latest quarterly results on growing AI demand.
Alfribeiro/iStock Editorial via Getty Images There are several reasons to be skeptical of the consumer staples thesis today, especially for alcoholic beverage companies like Ambev S.A. ( ABEV ). Persistent inflation, changing health habits, and GLP-1 drugs curbing demand are headwinds that seem structural. In the specific case of Ambev, which is a Brazilian subsidiary of Anheuser-Busch InBev ( BUD...
Alfribeiro/iStock Editorial via Getty Images There are several reasons to be skeptical of the consumer staples thesis today, especially for alcoholic beverage companies like Ambev S.A. ( ABEV ). Persistent inflation, changing health habits, and GLP-1 drugs curbing demand are headwinds that seem structural. In the specific case of Ambev, which is a Brazilian subsidiary of Anheuser-Busch InBev ( BUD ), these concerns have been compounded by a much bigger issue over the last few years: weaker Brazilian macro, FX pressure, high interest rates, and limited earnings growth. Data by YCharts But the reality is that Ambev has been able to stage a sharp comeback, especially from its early-2025 lows, with total returns looking even stronger once dividends are included. The recent rally has been driven by a less-bad Brazilian macro backdrop, a stronger BRL against the USD ( BRL:USD ), and especially a renewed appetite for emerging-market equities. But Ambev also did its part by delivering a solid FY25 and an even stronger Q1 '26 print . Specifically, Brazil Beer delivered strong volume growth, sending shares of the Sao Paulo-listed company to their best trading session in the last 27 years (jumping ~15%+). After such a strong re-rating, I believe ABEV valuation now seems closer to its fair value compared to global peers and its own history, and that's possibly the only reason I didn't upgrade my old bear case to something more constructive than Hold. Ambev’s Rally Was Mostly Macro, But Not Only Macro The last time I covered Ambev's thesis was almost a year and a half ago, and at that time, my bearish thesis was supported by three pillars that weighed heavily on the Brazilian brewer: (1) Brazil macro was ugly; (2) FX was exerting strong pressure on the ADR; and (3) Ambev lacked catalysts even with relatively stable fundamentals and paying decent dividends. I would say that the setup was quite logical at the time. Interest rates were rising sharply in Brazil, and the BRL was incr...
Broadcom (AVGO) is up 6.9% over the last five trading days, helped by new VMware product launches and fund rotation back into AI infrastructure plays. Broadcom’s growing role in custom silicon also positions it well for the shift toward inference-focused AI workloads, reinforcing its importance in enterprise AI.
Broadcom (AVGO) is up 6.9% over the last five trading days, helped by new VMware product launches and fund rotation back into AI infrastructure plays. Broadcom’s growing role in custom silicon also positions it well for the shift toward inference-focused AI workloads, reinforcing its importance in enterprise AI.
Pitney Bowes CEO Kurt Wolf told Bloomberg Open Interest that his company is seeing strength in the economy despite global uncertainty, with consumers remaining strong and businesses continuing to invest in the future. Plus, he shares insights into Pitney Bowes’ turnaround and potential strategic moves. (Source: Bloomberg)
Pitney Bowes CEO Kurt Wolf told Bloomberg Open Interest that his company is seeing strength in the economy despite global uncertainty, with consumers remaining strong and businesses continuing to invest in the future. Plus, he shares insights into Pitney Bowes’ turnaround and potential strategic moves. (Source: Bloomberg)
Google's AI-focused DeepMind division has taken a minority stake in the developer of popular sci-fi simulation EVE Online , saying it will use the game to study "intelligence in complex, dynamic, player-driven systems." The research partnership comes as the management behind EVE Onlin e developer CCP Games announced that they have spent $120 million to buy themselves out from their former owners a...
Google's AI-focused DeepMind division has taken a minority stake in the developer of popular sci-fi simulation EVE Online , saying it will use the game to study "intelligence in complex, dynamic, player-driven systems." The research partnership comes as the management behind EVE Onlin e developer CCP Games announced that they have spent $120 million to buy themselves out from their former owners at South Korean publisher Pearl Abyss (Crimson Desert ) . The newly independent entity is being rebranded as Fenris Creations, which will continue to operate as normal without any restructuring or layoffs, the company said. "Something that already behaves like a living world" In today's announcement, Fenris and DeepMind said that EVE Online presents "a uniquely rich environment for study," especially when it comes to developing AI systems that use "long-horizon planning, memory, and continual learning." DeepMind says it will conduct controlled experiments on its models in a specially designed offline version of the game running on a local server, without directly impacting the experience for online players. The two companies "will also explore new gameplay experiences enabled by these technologies," they wrote. Read full article Comments
If in Argentina squad, Prestianni would miss two games Benfica winger banned for racial abuse of Vinícius Júnior Prestianni has one Argentina cap, from November Sign up for the World Behind The Cup newsletter Fifa confirmed a global ban Wednesday for Gianluca Prestianni that will rule the Benfica winger out of two World Cup games in the United States if he is selected in Argentina’s squad. Uefa im...
If in Argentina squad, Prestianni would miss two games Benfica winger banned for racial abuse of Vinícius Júnior Prestianni has one Argentina cap, from November Sign up for the World Behind The Cup newsletter Fifa confirmed a global ban Wednesday for Gianluca Prestianni that will rule the Benfica winger out of two World Cup games in the United States if he is selected in Argentina’s squad. Uefa imposed a six-game ban – with three games deferred on probation – on Prestianni two weeks ago for his verbal abuse of Real Madrid’s Brazilian forward Vinícius Júnior in the Champions League. Prestianni covered his mouth with his jersey while using the insult. Continue reading...
Utz issues voluntary recall for certain varieties of Zapp’s and Dirty potato chips over contamination linked to seasoning Sign up for the Breaking News US newsletter email Utz has issued a voluntary US recall of two potato chip brands after concerns that they could be contaminated with salmonella, a type of bacteria that can lead to food-borne illness. Certain varieties of Zapp’s and Dirty potato ...
Utz issues voluntary recall for certain varieties of Zapp’s and Dirty potato chips over contamination linked to seasoning Sign up for the Breaking News US newsletter email Utz has issued a voluntary US recall of two potato chip brands after concerns that they could be contaminated with salmonella, a type of bacteria that can lead to food-borne illness. Certain varieties of Zapp’s and Dirty potato chips may contain contamination linked to the seasoning used on the products, according to the US Food and Drug Administration in a recall issued on Monday. The recall applies to three flavors of Zapp’s chips sold in various bag sizes, along with three flavors of Dirty chips packaged in 2-ounce bags. Continue reading...
Cummins CEO and Chair Jennifer Rumsey joined Bloomberg Open Interest to break down why the company is thriving despite rising fuel costs. From explosive data center demand to a trucking rebound and regulatory uncertainty, she explains the forces shaping one of America’s industrial giants, and what comes next. (Source: Bloomberg)
Cummins CEO and Chair Jennifer Rumsey joined Bloomberg Open Interest to break down why the company is thriving despite rising fuel costs. From explosive data center demand to a trucking rebound and regulatory uncertainty, she explains the forces shaping one of America’s industrial giants, and what comes next. (Source: Bloomberg)
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting ...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Here’s what Tracy’s thinking about... Neil Dutta of Renaissance Macro gets my vote for one of the most important charts around right now. In it, he breaks down real consumer spending growth by driver, including income, housing, and wealth from stock market investing: It’s well known by now that spending has been outrunning income growth. Over the past year, real consumer spending (so after inflation) has been rising at more than twice the pace of real disposable income. That kind of gap is pretty unusual. Outside the weird post‑Covid reopening period, you’ve only real seen it during times like the late‑1990s dotcom boom and mid‑2000s housing bubble. Per Dutta’s analysis, income added only 0.4 percentage points to spending growth — the weakest contribution in any non-recession period in the dataset. Meanwhile, wealth from the stock market added about 0.2 percentage points, or roughly double its average between 2010 to 2019. Housing seems to have become a slight drag as home prices slow. It’s kind of crazy to think that stocks may now be adding half as much support to spending as labor income is. And it makes me think a lot about the circularity of our current state of affairs. It’s no secret that AI is underpinning the US economy through capex expenditure on the supply side. It turns out that AI might also, via its outsized role in the stock market boom, be underpinning the economy on the demand side too. Basically everything seems to come back to AI now. That mea...
Richard Drury/DigitalVision via Getty Images I previously rated W. P. Carey Inc. ( WPC ) as a Buy in February 2026, thanks to their robust, profitable growth prospect arising from the richer spread from the higher investment yields and the lower borrowing costs. In this article, I shall discuss why I am reiterating my Buy rating here, thanks to the management's raised FY2026 guidance signaling the...
Richard Drury/DigitalVision via Getty Images I previously rated W. P. Carey Inc. ( WPC ) as a Buy in February 2026, thanks to their robust, profitable growth prospect arising from the richer spread from the higher investment yields and the lower borrowing costs. In this article, I shall discuss why I am reiterating my Buy rating here, thanks to the management's raised FY2026 guidance signaling their robust prospects despite the ongoing macro/geopolitical uncertainties. WPC Delivers Excellence In A Challenging Environment WPC 1Y Stock Price (TradingView) Since my last Buy rating, WPC has indeed retraced to my prior Buy Zones along the 50/100/200-day moving averages of mid-$60s by late March 2026, before rallying in April 2026 along the wider market. Much of their recovery tailwinds are attributed to the " cessation of open hostilities in the Middle East conflict, though a long-term resolution remains outstanding," aided by the rather promising results from the early Q1'26 earnings season. 1. FQ1'26 Review For now, WPC has already completed $682M of investment volumes on a YTD basis at an average initial cap rate of approximately 7.5%, with the added benefit of "fixed rent bumps averaging in the high 2% range or with CPI-based rent escalations." These imply their relatively robust investment yield at over 9% through the long lease terms, significantly aided by the moderating weighted average interest rate of 3.1% in FQ1'26 ( -0.1 points YoY /-0.1 from FY2019 levels of 3.2% ). With the management already expecting to drive further deals at similar investment yields, I am of the opinion that WPC is likely to deliver the rich investment spread at over 5% in the intermediate term, thanks to their ability to tap into the lower borrowing costs in the EU and Canada at between 3% and 3.5% in FQ1'26. This is aided by the management's disposal of lower-performing/vacant assets at yields of 6% to recycle capital into higher-yielding investments at over 7%. These developments bui...
Google has proposed modifications to the way it presents news results on its search engine, aiming to prevent additions to the 9.5 billion euros ($11.16 billion) in competition fines it has accumulated from the European Union, Bloomberg News reported on Wednesday. The company could avoid a formal order to change its business practices and potential fines under the Digital Markets Act if its of...
Google has proposed modifications to the way it presents news results on its search engine, aiming to prevent additions to the 9.5 billion euros ($11.16 billion) in competition fines it has accumulated from the European Union, Bloomberg News reported on Wednesday. The company could avoid a formal order to change its business practices and potential fines under the Digital Markets Act if its offer, which includes amendments to its anti-spam policies, is approved by market rivals and EU regulators, the report said. Google did not immediately respond to a Reuters request for comment.