In a recent legal battle, Johnson & Johnson and Bristol Myers Squibb faced a setback in their challenge to the Biden administration’s Medicare drug price negotiations. A federal judge in New Jersey rejected their legal arguments, ruling that the program is constitutional. The decision is a significant win for the Biden administration in its efforts
Profit
The price of Peacock, Comcast’s streaming platform, is set to increase by $2 this summer. This adjustment by NBCUniversal aims to capitalize on the upcoming Summer Olympics in Paris, which will be broadcasted on NBC’s TV networks and on Peacock. The ad-supported option of Peacock will see a price hike to $7.99 a month, while
McDonald’s is set to report earnings before the bell, with a call scheduled at 8:30 a.m. Last quarter, the company missed on revenue due to the conflict in the Middle East, putting pressure on its top line. For this quarter, the fast–food giant is expected to report single-digit earnings and revenue growth compared to the
The first stock favored by the Street’s top pros is Netflix (NFLX). The streaming giant recently reported better-than-expected results for the first quarter of 2024. Despite the positive earnings report, investors were disappointed with the company’s decision to stop reporting quarterly subscriber numbers. Netflix emphasized a shift in focus towards revenue and operating margin metrics.
The American economy is facing significant challenges as the Federal Reserve continues to raise interest rates, leading to fears of slower growth and inflation. However, Jose Rasco, chief investment officer of the Americas at HSBC’s wealth division, believes that certain key drivers will help sustain economic growth. One such driver is technology deflation. While advancements
In a recent announcement from Helsinki, Finland, it was revealed that THENA has launched a new upgrade to ALPHA, their intent-based decentralized derivatives exchange. This upgrade is powered by a combination of IntentX, Orbs, and SYMMIO, and is now live on the BNB Smart Chain. One of the major improvements introduced with this upgrade is
Meta Platforms, the parent company of Facebook, faced a significant drop of more than 14% following the release of lighter-than-expected second-quarter revenue guidance. Despite this setback, the company managed to exceed analysts’ estimates for both earnings and revenue in the first quarter. On the other hand, Honeywell, an industrial stock, saw a 2.2% rise in
UnitedHealth Group (UNH) saw a significant 16% increase in its stock following a strong earnings report, despite facing challenges such as the recent cyberattack on its subsidiary, Change Healthcare. However, recent market trends have begun to reveal cracks in UNH’s once robust rally. Two key technical indicators suggest a bearish bias on UNH: the Relative
UBS recently adjusted its forecast for the USD/PLN currency pair, taking into account significant factors such as changes in the Federal Reserve’s interest rate outlook and escalating tensions in the Middle East. The firm now predicts that the exchange rate will reach 4.10 in the second quarter of 2024, gradually decreasing to 3.92 by the
Bitcoin halving is a celebrated event in the cryptocurrency world, occurring approximately every four years. This event involves slashing the incentives rewarded to miners in half, as mandated by the Bitcoin code. The main goal of this process is to slow down the issuance of bitcoins, creating a scarcity effect that helps maintain the digital