Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
Analyst Steven Fisher raised his Caterpillar (CAT) target sharply after what he described as a strong first-quarter beat and improved guidance, but said much of the upside may already be reflected in the stock.
THE APEX TIMES
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At the American Diabetes Association meeting, Pfizer highlighted Phase 2b results for PF’3944 (berobenatide), an ultra-long-acting GLP-1 receptor agonist designed for once-monthly maintenance dosing - along with early tolerability outlines that will shape how investors weigh Pfizer’s obesity push.
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A broad slide in AI-linked chip stocks left AMD caught in the crosscurrents, even as the company’s latest results and outlook point to continued data-center momentum.
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AWS growth, a stronger advertising business, and record operating margins are offset by rapidly rising property-and-equipment spending tied to AI infrastructure.
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The deals total up to nearly $4 billion in cash, adding shingles, bacterial infection and Epstein-Barr virus vaccine platforms to Lilly’s pipeline.
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Ford is launching the Bronco Filson, a “rugged premium” 4x4 designed in partnership with outdoors outfitter Filson, with pricing targeted in the mid-$70,000s and early-sales details pointing to a limited, brand-forward strategy.
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A report says Meta is weighing an equity sale that could run into the tens of billions of dollars as the company ramps up compute, custom chips, and energy capacity for artificial intelligence - at a time when investors are focused on what dilution would mean for existing shareholders.
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The retailer is funding Matthew 25: Ministries to add trailers and staging capacity - working with Procter & Gamble - to deliver basic personal-care services within the first critical days after disasters.
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Speaking at the Bloomberg Tech conference, Netflix CTO Elizabeth Stone described how generative AI and natural-language processing are being used - and tested - to make it easier for subscribers to find what they want to watch next.
