In this article PONY Follow your favorite stocks CREATE FREE ACCOUNT A Baidu Inc. Apollo Go autonomous driving electric vehicle displayed at the International Automotive and Supply Chain Expo in Hong Kong, June 12, 2025. Chan Long Hei | Bloomberg | Getty Images Baidu's Apollo Go robotaxis reportedly stopped mid-traffic, trapping passengers and resulting in highway collisions on the streets of the ...
In this article PONY Follow your favorite stocks CREATE FREE ACCOUNT A Baidu Inc. Apollo Go autonomous driving electric vehicle displayed at the International Automotive and Supply Chain Expo in Hong Kong, June 12, 2025. Chan Long Hei | Bloomberg | Getty Images Baidu's Apollo Go robotaxis reportedly stopped mid-traffic, trapping passengers and resulting in highway collisions on the streets of the Chinese city of Wuhan on Tuesday, according to videos shared on social media . The incident was confirmed by a statement published on the official Weibo account of the Wuhan local traffic police department, which acknowledged reports of multiple Apollo Go vehicles that stalled in the middle of a road. "Upon investigation, preliminary findings suggest system malfunctions as the cause of the incident," read the police department's statement in Chinese, translated by CNBC. The statement added that authorities had worked with Apollo Go staff to handle the initial situation, with the incident still undergoing further investigation. Passengers had safely exited the affected vehicles, it added. Chinese search giant Baidu , which owns and operates Apollo Go, did not immediately respond to CNBC's request for comment. Wuhan city is home to Apollo Go's largest robotaxi deployment in China, with more than 1,000 vehicles operating without human drivers. Baidu has invested in and ramped up its driverless ride-hailing unit much like its U.S. counterpart Alphabet has invested in and ramped up robotaxi service Waymo in the western part of the U.S.. Both have grown into leading robotaxi providers in an emerging industry that's recently tipped into the mainstream . Apollo Go also faces formidable competition from other Chinese autonomous vehicle makers in Asia, including WeRide and Pony.AI . Elon Musk's automaker Tesla is also developing driverless vehicles but is not yet operating a commercial robotaxi service outside of a limited pilot in Austin, Texas. Apollo Go already operates a commerci...
francisco jose sanchez/iStock via Getty Images Boston Scientific ( BSX ), maker of popular medical devices such as WATCHMAN, has been punished by the market over the last six months, with stock down more than 35%. This is partly due to rerating as growth is slowing from its peak and starting to normalize. As a result, multiples versus growth expectations are being recalibrated. However, the busine...
francisco jose sanchez/iStock via Getty Images Boston Scientific ( BSX ), maker of popular medical devices such as WATCHMAN, has been punished by the market over the last six months, with stock down more than 35%. This is partly due to rerating as growth is slowing from its peak and starting to normalize. As a result, multiples versus growth expectations are being recalibrated. However, the business is still enjoying sustained double-digit growth and operating margins of 28%, and the selloff may be out of proportion compared to the slowdown. The company offers higher-than-peer growth at a fair valuation. With several catalysts in the pipeline, including WATCHMAN CHAMPION, I rate Boston Scientific a Buy. Growth Profile: Deceleration, Not Breakdown Management was justifiably happy with the numbers for FY and Q4 2025. In the words of Michael Mahoney, “We're super pleased with the quarter and the full year.” Full-year revenue came in at $20 billion, with operational revenue growth of 19.2% and organic revenue growth of 15.8%. For Q4, operational revenue was up 14.3%, at the higher end of guidance. With acquisitions contributing 160 basis points, organic revenue growth for the quarter came in at 12.7%. Importantly, revenue growth is substantially above pre-COVID levels, with revenue growth of 9.3% in 2019. Full-year adjusted EPS of $3.06 topped guidance of $3.02 to $3.04, representing a 22% increase, on top of a 100 basis point improvement in adjusted operating margin to 28%. Electrophysiology grew by 35% in Q4, followed by WATCHMAN, which grew by 29% and is seeing increased international adoption. For full-year 2026, the company is guiding towards 10.5-11.5%, which does mark a legitimate slowdown. Full-year adjusted EPS at the midpoint of $3.46 would mark an increase of 13%, indicating a modest margin expansion and generally in line with our thesis of normalization. Valuation Reset Creates Relative Opportunity The 35% drop over the last six months has created a compelli...
London ( UKX ) +1.40% at 10,324. The British pound edged up toward $1.33, moving away from recent four-month lows. Germany ( DAX:IND ) +2.14% to 23,167. Germany's input cost inflation surges to highest since October. France ( CAC:IND ) +0.57% to 7,817. France price and supply-chain pressures intensify in March amid war . Euro Area records modest upticks in both production and new order. In other p...
London ( UKX ) +1.40% at 10,324. The British pound edged up toward $1.33, moving away from recent four-month lows. Germany ( DAX:IND ) +2.14% to 23,167. Germany's input cost inflation surges to highest since October. France ( CAC:IND ) +0.57% to 7,817. France price and supply-chain pressures intensify in March amid war . Euro Area records modest upticks in both production and new order. In other parts of Europe, th e unemployment rate in Italy edged up to 5.3% in February. Austria’s unemployment rate rose to 7.5% in March. Sweden’s Swedbank Manufacturing PMI rose to 56.3 in March. Retail sales in Switzerland rose by 0.9% Y/Y in February. Switzerland’s procure.ch and UBS Manufacturing PMI rose sharply to 53.3 in March. The pan-European Stoxx 600 ( STOXX) traded 1.85% higher to 593.9, following a rally in global markets as risk sentiment improved after U.S. President Donald Trump said military operations in Iran could wrap up within two to three weeks. European natural gas futures dropped more than 5% toward €48 per MWh on Wednesday. The euro strengthened in early April, climbing toward $1.16 and distancing itself from the seven-month lows recorded in mid-March, as the U.S. dollar index fell to 99.5, hitting its lowest level in a week. Coming up in the session: Euro Area unemployment rate expected shortly. In the bond market , the yield on the US 10-year Treasury was down 4 basis points to 4.28%. UK's 10-year yield was down 9 basis points to 4.83%. Germany's 10-year yield was down 5 basis points to 2.96%. Currencies: ( EUR:USD ) ( GBP:USD ) ( CHF:USD ) ETFs: (NYSEARCA: EWG ), (NYSE: GF ), (NYSEARCA: EWI ), (NYSEARCA: EWQ ), (NASDAQ: FGM ), (NASDAQ: DAX ), (NYSEARCA: FLGR ), (NYSEARCA: FXB ), (NYSEARCA: EWU ), (NASDAQ: FKU ), (BATS: EWUS ), (NYSEARCA: FLGB ), (NYSEARCA: GREK ) More on Europe EUR/USD Found Support Above 1.1495, Potential Push Up Towards 'Expanding Wedge' Range Resistance GBP/USD Chart Alert: Bull Flag Pattern In Play Ahead Of Retail Sales Data Logical S...