Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
Lip-Bu Tan is investing $12 million personally alongside Intel’s newly upsized share sale, a move that industry commentator Daniel Newman described as a “strong sign of confidence” in the chipmaker’s direction.
THE APEX TIMES
THE APEX TIMES
In comments covered from its earnings call, Eli Lilly said revenue rose sharply on strong demand for Mounjaro and Zepbound, prompting an increase to its full-year guidance.
THE APEX TIMES
The streamer’s latest drama will take viewers into an organization that operates between the criminal underworld and the law, blending “temple secrets” with covert missions when the series premieres September 17.
THE APEX TIMES
A hardware and home-improvement operator that competes in the same broad customer category as Home Depot has filed for Chapter 11 bankruptcy, highlighting how a slower housing market and cautious consumer spending are squeezing retail peers.
THE APEX TIMES
A new market discussion highlights a potential downside for Nvidia as large technology buyers that purchase Nvidia accelerators also spend heavily to reduce dependence on third-party supply.
THE APEX TIMES
In a recap of Pfizer’s Q2 discussion with investors, a Yahoo Finance report points to five themes that analysts returned to, even as management portrayed steadier performance in the company’s non-COVID business.
THE APEX TIMES
In its second-quarter update, Leidos reported strong revenue momentum and drew market attention as analysts zeroed in on the drivers behind the quarter and what they could mean for forward execution across defense and homeland programs.
THE APEX TIMES
Alliance Global lifted its SLS price target to $35 from $25 and kept a Buy rating, while market commentary also pointed to JPMorgan buying in and Stifel increasing its bet ahead of upcoming AML (acute myeloid leukemia) data.
THE APEX TIMES
The telecom provider says it will apply its existing 5G network and an AI-enabled approach to help identify, track and monitor unmanned aircraft systems as part of a Lockheed Martin drone detection effort.
