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THE DAY AHEAD-North America, May 8
To access a PDF version of this newsletter, please click here You can read The Day Ahead via TOPNEWS - U.S Companies or Canada page. If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/TDA-subscription-page For Morning News Call U.S. -- a...Reuters
Wed, May 7
Trump to sign order on drug prices as early as next week, Politico reports
WASHINGTON, May 7 (Reuters) - U.S. President Donald Trump is expected to sign an executive order as early as next week that would revive an effort to decrease drug costs by tying the amount the government pays for some medicine to lower prices abroad, Politico reported on Wednesday, citing three peo...Reuters
Wed, May 7
Bankrupt Rite Aid pursues rapid sale of pharmacy business
By Dietrich Knauth May 7 (Reuters) - Bankrupt U.S. pharmacy chain Rite Aid on Wednesday received court approval to pursue a rapid-fire sale of its pharmacy business, with the company aiming to reach agreements with buyers and get a sale approved in just two weeks. U.S. Bankruptcy Judge Michael Ka...Reuters
Wed, May 7
Fanduel owner cuts US profit forecast on gamblers' winning streak
DUBLIN, May 7 (Reuters) - Fanduel-owner Flutter FLUT.N cut its forecast for full-year U.S. profit growth on Wednesday after a winning streak for gamblers hit earnings at the world's largest online betting company for the second quarter in a row.Bookmakers tend to suffer when favourites win and F...Reuters
Wed, May 7
Hedge Fund Millennium in talks with Goldman's Petershill Partners on stake sale, FT reports
May 7 (Reuters) - Hedge fund Millennium Management is in talks with Goldman Sachs' GS.N Petershill Partners to identify potential buyers for a minority stake in its management company, the Financial Times reported on Wednesday.Potential buyers could include some of Millennium's largest inves...Reuters
Wed, May 7
Kyndryl beats quarterly revenue estimates on AI push
May 7 (Reuters) - IT services provider Kyndryl KD.N beat Wall Street estimates for fourth-quarter revenue on Wednesday, helped by robust demand from businesses adopting artificial intelligence technology. The company, formerly IBM's IBM.N infrastructure services business, recognized $1.2 billion...Reuters
Wed, May 7
16 states, DC sue Trump over EV charging station funds
WASHINGTON, May 7 (Reuters) - California and 15 other states sued the Trump administration on Wednesday, saying the federal government is illegally withholding billions in previously awarded funds to states for electric vehicle charging.In February, the U.S. Transportation Department said it was sus...Reuters
Wed, May 7
Osisko Development Corp expected to post breakeven results a share - Earnings Preview
Osisko Development Corp ODV.V is expected to report results for the period ending March 31 2025LSEG's mean analyst estimate for Osisko Development Corp is for breakeven results per share. The current average analyst rating on the shares is "buy" and the breakdown of recommendations is ...Reuters
Wed, May 7
Bumble forecasts second-quarter revenue below estimate
May 7 (Reuters) - Bumble BMBL.O forecast second-quarter revenue below analysts' estimate on Wednesday, signaling that the dating app operator's turnaround is taking longer than expected to yield results.The company expects second-quarter revenue to be between $235 million and $243 million, c...Reuters
Wed, May 7
MercadoLibre beats profit estimates in first quarter as Argentina business booms
SAO PAULO, May 7 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O posted on Wednesday a 44% net profit increase in the first quarter from a year earlier, above analysts' estimates as operations in Argentina bounced back. MercadoLibre, Latin's America most valuable company by...Reuters
Wed, May 7
urban-gro Inc expected to post a loss of 20 cents a share - Earnings Preview
urban-gro Inc UGRO.OQ UGRO.O is expected to show a fall in quarterly revenue when it reports results on May 9 (estimated) for the period ending June 30 2024The Lafayette Colorado-based company is expected to report a 3.4% decrease in revenue to $18.197 million from $18.84 million a year ago, accor...Reuters
Wed, May 7
Orla Mining Ltd expected to post earnings of 10 cents a share - Earnings Preview
Orla Mining Ltd OLA.TO is expected to show a rise in quarterly revenue when it reports results on May 9 for the period ending March 31 2025The Vancouver British Columbia-based company is expected to report a 142.2% increase in revenue to $163.012 million from $67.3 million a year ago, according t...Reuters
Wed, May 7
Gilead boosts planned US investments by $11 billion amid tariff threat
May 7 (Reuters) - Gilead Sciences GILD.O announced $11 billion in new planned investment in the U.S. to add to its domestic manufacturing and research heft, becoming the latest company to announce spending plans in reaction to President Donald Trump's tariff policy.The new investments, unveiled ...Reuters
Wed, May 7
Chip tech provider Arm forecasts first-quarter revenue below estimates
May 7 (Reuters) - Arm Holdings first-quarter sales and profit below Wall Street estimates on Wednesday, as global trade tensions threaten revenue from its chip architecture used across the smartphone and data center industries.While Arm's fourth-quarter revenue slightly beat analysts' estima...Reuters
Wed, May 7
FBI needs more money than White House requested, Patel tells lawmakers
Asks for $1 billion more in funding than White House sought, in rare riftSenator Durbin asks congressional watchdog to look into whether Patel is complying with rules on non-official tripsFBI director required to reimburse government for personal travel By Sarah N. Lynch and Andrew Goudsward WASH...Reuters
Wed, May 7
Invivyd Inc expected to post a loss of 3 cents a share - Earnings Preview
Invivyd Inc IVVD.OQ IVVD.O is expected to show a rise in quarterly revenue when it reports results on May 9 (estimated) for the period ending March 31 2025The Waltham Massachusetts-based company is expected to report revenue of $34.45 million, according to the mean estimate from 3 analysts, based ...Reuters
Wed, May 7
Nkarta Inc expected to post a loss of 44 cents a share - Earnings Preview
Nkarta Inc NKTX.OQ NKTX.O is expected to show no change in quarterly revenue when it reports results on May 9 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Nkarta Inc is for a loss of 44 cents per share. The current average analyst rating on the shares is "...Reuters
Wed, May 7
Cadrenal Therapeutics Inc expected to post a loss of $1.64 a share - Earnings Preview
Cadrenal Therapeutics Inc CVKD.OQ CVKD.O is expected to show no change in quarterly revenue when it reports results on May 9 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Cadrenal Therapeutics Inc is for a loss of $1.64 per share. The current average analyst r...Reuters
Wed, May 7
Trump signals China initiated planned trade meeting
Trump says "no" to tariff cuts to get China to negotiating tablePlanned talks seen as effort toward trade de-escalationTrump's China envoy Perdue touts personal ties to presidentBy Michael Martina and Jeff Mason WASHINGTON, May 7 (Reuters) - U.S. President Donald Trump on Wednesday su...Reuters
Wed, May 7
