Shares of Eli Lilly (NYSE: LLY) rose this past week after the medicine maker reported skyrocketing profits fueled by sales of its blockbuster weight loss drugs. Image source: Getty Images. Eli Lilly's revenue surged 56% year over year to $19.8 billion in the first quarter. Continue reading
Shares of Eli Lilly (NYSE: LLY) rose this past week after the medicine maker reported skyrocketing profits fueled by sales of its blockbuster weight loss drugs. Image source: Getty Images. Eli Lilly's revenue surged 56% year over year to $19.8 billion in the first quarter. Continue reading
Sequel a rare example of female-skewing movie leading the North American summer offerings – and highest opening weekend yet for a Meryl Streep film Gird your loins: The Devil Wears Prada 2 has had a huge opening weekend at the box office, making $233m (£171m, A$323m) worldwide from an overwhelmingly female audience. The Devil Wears Prada 2 earned $77m at the North American box office, and $156.6m ...
Sequel a rare example of female-skewing movie leading the North American summer offerings – and highest opening weekend yet for a Meryl Streep film Gird your loins: The Devil Wears Prada 2 has had a huge opening weekend at the box office, making $233m (£171m, A$323m) worldwide from an overwhelmingly female audience. The Devil Wears Prada 2 earned $77m at the North American box office, and $156.6m internationally. In the US and Canada, the sequel bumped Michael to second place , though the musical biopic held on in its second weekend to earn $54m, falling only 44%. Continue reading...
Last Tuesday, the Federal Communications Commission announced it has moved up a planned review of the broadcast licenses for eight Disney-owned ABC TV stations, citing concerns about their diversity, equity, and inclusion policies. The license review had been originally slated to begin in 2028. The FCC's announcement came amid a new round of complaints against ABC talk show host Jimmy Kimmel over ...
Last Tuesday, the Federal Communications Commission announced it has moved up a planned review of the broadcast licenses for eight Disney-owned ABC TV stations, citing concerns about their diversity, equity, and inclusion policies. The license review had been originally slated to begin in 2028. The FCC's announcement came amid a new round of complaints against ABC talk show host Jimmy Kimmel over certain political jokes he made on his show. We asked Seeking Alpha analysts Long Player and Daniel Jones what they thought would happen to Disney ( DIS ) if the FCC pulled the broadcast licenses. Long Player : There are a lot of possibilities here. A joint venture with whoever got the licenses or even a takeover is possible (or a controlling interest). Licensing the use of the content to others is a possibility as well. The thing to remember here is that content is all under one person at Disney with the directive to grow that business. So while the loss would definitely be an immediate challenge, I would expect Disney ( DIS ) to find its way around such a situation if it were to happen. The other thing to remember is that those licenses are spread out, which makes it highly unlikely that all licenses would be lost. In short, I don't expect it to be a long-term issue, especially given the rise of the internet and streaming, where there really are no FCC licenses. In fact, these worries may well be overblown due to the demise of legacy media in general. Given the strategy at Disney ( DIS ) to grow the business in general through the optimal use of all channels, I would not change my investment strategy in Disney at the current time. Plus, there is a whole world out there. You have to ask yourself if the U.S. can really afford to lose companies like Disney over something like that because it sets a terrible precedent for other companies. Daniel Jones : If the FCC issues a decision against the company, I would argue that Disney ( DIS ) would likely take the matter to court, w...
Shares of Advanced Micro Devices (NASDAQ: AMD) , which primarily makes central processing units (CPUs) and graphics processing units (GPUs) for enabling artificial intelligence (AI) in data centers, rocketed 74.3% in April, according to data from S&P Global Market Intelligence . To say this is an amazing monthly performance for a large-cap stock is a great understatement. For context, shares of AI...
Shares of Advanced Micro Devices (NASDAQ: AMD) , which primarily makes central processing units (CPUs) and graphics processing units (GPUs) for enabling artificial intelligence (AI) in data centers, rocketed 74.3% in April, according to data from S&P Global Market Intelligence . To say this is an amazing monthly performance for a large-cap stock is a great understatement. For context, shares of AI GPU leader Nvidia gained 14.4% in April. For additional context, last month the S&P 500 index returned 10.5%, and the tech-heavy Nasdaq Composite index returned 15.3%. So, AMD stock got a brisk tailwind from the overall market's strength. Indeed, both major indexes notched all-time highs in April, with each posting its best monthly performance since 2020. Continue reading
The fragile ceasefire between the US and Iran has continued into its third week. There are signs of a reopening of the Strait of Hormuz looming on the horizon. These are the major takeaways from what happened overnight. What did Trump say? President Donald Trump said on Sunday that the US would “help free up” ships stranded in the Strait of Hormuz within hours. No details were provided. “This proc...
The fragile ceasefire between the US and Iran has continued into its third week. There are signs of a reopening of the Strait of Hormuz looming on the horizon. These are the major takeaways from what happened overnight. What did Trump say? President Donald Trump said on Sunday that the US would “help free up” ships stranded in the Strait of Hormuz within hours. No details were provided. “This process, Project Freedom, will begin Monday morning, Middle East time,” Trump said in a social media...
Chinese robotics startup Linkerbot, the global market leader in highly dexterous robotic hands for humanoids, will seek a $6 billion valuation in its next financing round, double the valuation in a just-closed funding, the company said. Beijing-based Linkerbot completed what it called a “series B+” funding round last week that valued it at $3 billion. It did not say when the next funding round wi...
Chinese robotics startup Linkerbot, the global market leader in highly dexterous robotic hands for humanoids, will seek a $6 billion valuation in its next financing round, double the valuation in a just-closed funding, the company said. Beijing-based Linkerbot completed what it called a “series B+” funding round last week that valued it at $3 billion. It did not say when the next funding round will be launched or whether it was targeting the previously undisclosed $6 billion valuation in a private investment round or in an initial public offering.