Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
Nike’s latest quarterly performance is reinforcing a cautious view from analysts, with UBS arguing that the company’s turnaround progress is still more visible in profitability than in top-line momentum.
THE APEX TIMES
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Despite a rough start to the year for Meta Platforms, a market-focused forecast is pointing to a risk-reward setup that could place the stock above $800, hinging on expectations around the company’s artificial-intelligence spending and competitive positioning.
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Neon has picked up the Luca Guadagnino-directed biopic “Artificial,” centered on OpenAI co-founder and CEO Sam Altman, after Amazon MGM Studios passed on the project, according to a report carried by Yahoo Finance.
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The asset manager will report results before the market opens on Wednesday, July 15, according to a scheduled announcement released July 1.
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The company says it is supporting education leaders and promoting “AI fluency” from K-12 through reskilling, while urging Congress to shape AI policy around employment and training outcomes.
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The plan, announced by the company, includes a live webcast and a call with executives Kelly Ortberg and Jay Malave.
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The French shipping group said it will acquire FedEx’s third-party logistics business in a cash deal valued at $1.4 billion enterprise value, reshaping both companies’ logistics footprints.
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The hospital operator says new research published in the New England Journal of Medicine offers encouraging early findings for a gene-editing approach, without providing additional clinical details in its announcement.
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A report cited by Yahoo Finance says Microsoft’s next round of layoffs, if announced, would likely be limited in size but targeted across multiple business groups, including Xbox.
