Artificial intelligence algorithms have now been combined with traditional laboratory methods to uncover promising drug leads against human enterovirus 71 (EV71), the pathogen behind most cases of hand, foot and mouth disease. The study, published today in Cell Reports Physical Science by researchers at the Perelman School of Medicine atContinue Reading
winhorse SoftBank Group (OTCPK:SFTBY) acquired British artificial intelligence chip manufacturer — Graphcore as Japanese tech enthusiast Masayoshi Son accelerates into the AI space. Graphcore was established in 2016 by UK semiconductor veterans and will be included in SoftBank’s (OTCPK:SFTBY) portfolio alongside chip designer Arm. Graphcore’s acquisition will be funded byContinue Reading
jetcityimage Bank of America Securities downgraded Visa (NYSE:V) and Mastercard (NYSE:MA) to Neutral from Buy as analyst Jason Kupferberg sees limited upside potential to the two payment networks’ valuation multiples and estimates. “Investor positioning remains crowded. Regulatory developments could limit multiple expansion and V/MA’s ability to take price,” the analystContinue Reading
SimonSkafar/iStock via Getty Images Third time’s the charm. London-listed soft drinks maker Britvic (OTCQX:BTVCY) has agreed to a takeover by Danish brewer Carlsberg (OTCPK:CABGY), creating a beverage giant “with a strong platform for continued success.” The move will help Carlsberg (OTCPK:CABGY) diversify outside of the beer market, with an expansionContinue Reading
Bjoern Wylezich/iStock Editorial via Getty Images Airbus’s (OTCPK:EADSF) (OTCPK:EADSY) deliveries of commercial planes rose 2% in the first half of the year as compared with a year earlier, Reuters reported Tuesday, citing industry sources. The figure includes about 67 planes handed off to customers in June, lifting the year-to-date totalContinue Reading
Wall Street’s major market averages observed limited moves on Monday as investors and traders kick off the start to the second half of the 2024 trading year. The blue-chip Dow (DJI) was near even, the benchmark S&P 500 (SP500) was flat, and the tech focused Nasdaq Composite (COMP:IND) was +0.3%.Continue Reading
Olivier Le Moal Atos’s (OTCPK:AEXAF) (OTCPK:AEXAY) reached an agreement in principle with its bondholders and banks to restructure, according to an announcement. The deal will give creditors control of the French tech company. The company will work with relevant parties to formalizing the agreement, including the lock-up provisions. Atos (OTCPK:AEXAF)Continue Reading
BlackJack3D Citi Research analysts highlighted names that have improving EPS revisions but limited multiple expansion. According to a Thematic Equity Strategy report, companies with high exposure to AI have driven about half of the MSCI ACWI (NASDAQ:ACWI) year-to-date return. Those companies are up about 36% in average. However, some AIContinue Reading
Skanska (OTCPK:SKBSY) signed an initial contract with Metropolitan Atlanta Rapid Transit Authority (MARTA) to deconstruct the MARTA Five Points Station canopy in Atlanta, Georgia. The contract is worth $49M, which will be included in Q2 2024. Deconstruction is expected to begin July 2024 and scheduled to be completed in 2026. More on Skanska AB (publ)Continue Reading
kokkai/iStock Unreleased via Getty Images Sea Limited (NYSE:SE) was downgraded to Neutral from Overweight by J.P. Morgan due in part to increased competition from TikTok (BDNCE) and Temu (PDD). “Incremental increases in competition are now likely to cap positive earnings revisions and share price in the near-term, in our view,”Continue Reading
