News
Important Only
China's Xi pushes AI and 'Global South' opportunity amid US trade war
By Brenda Goh BEIJING, April 29 (Reuters) - Chinese President Xi Jinping used a visit to Shanghai on Tuesday to push for breakthroughs in artificial intelligence and underscore China’s leading role in the "Global South". Although Xi did not reference the trade war started...Reuters
Tue, Apr 29
Ferrari will always make crucial parts for EVs in-house, CEO says
By Gwladys Fouche OSLO, April 29 (Reuters) - Ferrari RACE.MI Chief Executive Benedetto Vigna said on Tuesday the Italian luxury sportscar maker would always develop key components for its vehicles internally, as it prepares to launch its first fully electric car later this year.Breaking its tradi...Reuters
Tue, Apr 29
Spotify Expects Q2 Revenue EUR 4.3 Billion Versus Ibes Estimate EUR 4.38 Billion
April 29 (Reuters) - Spotify Technology SA SPOT.N:SPOTIFY Q1 REVENUE EUR 4.19 BILLION VERSUS IBES ESTIMATE EUR 4.20 BILLIONSPOTIFY Q1 EPS EUR 1.07SPOTIFY Q1 MAUS 678 MILLION VERSUS IBES ESTIMATE 671.9 MILLIONSPOTIFY Q1 PREMIUM SUBSCRIBERS 268 MILLION VERSUS VISIBLE ALPHA ESTIMATE 265.3 MILLIONSPOTIF...Reuters
Tue, Apr 29
Honeywell Posts Q1 Adjusted EPS $2.51
April 29 (Reuters) - Honeywell International Inc HON.O:HONEYWELL Q1 ADJUSTED EPS $2.51 VERSUS IBES ESTIMATE $2.21HONEYWELL Q1 SALES $9.82 BILLION VERSUS IBES ESTIMATE $9.59 BILLIONHONEYWELL OUTLOOK FY ADJUSTED EPS $10.20 - $10.50 VERSUS IBES ESTIMATE $10.29HONEYWELL OUTLOOK FY SALES $39.6 BILLION - ...Reuters
Tue, Apr 29
Beazley’s Cox comfortable with US cyber pricing but market remains ‘brittle’
By Rebecca DelaneyApril 29 - (The Insurer) - U.S. cyber insurance rates are showing signs of stabilisation in response to increased cybercriminal activity, Beazley CEO Adrian Cox said on Tuesday, after the carrier reported a rate decrease of 8% across its cyber portfolio during the first quarter. Be...Reuters
Tue, Apr 29
Exchange Income Corporation Announces The Upsize And Extension Of Its Credit Facility
April 29 (Reuters) - Exchange Income Corp EIF.TO:EXCHANGE INCOME CORPORATION ANNOUNCES THE UPSIZE AND EXTENSION OF ITS CREDIT FACILITYEXCHANGE INCOME CORP - EIC UPSIZES CREDIT FACILITY TO $3 BILLION, EXTENDS MATURITY TO 2029Reuters
Tue, Apr 29
Pfizer Says Focused On Mitigating Opportunities In Near & Longer Term Regarding Potential Future Changes In Trade And Tariff
April 29 (Reuters) - Pfizer Inc PFE.N:PFIZER: FOCUSED ON MITIGATING OPPORTUNITIES IN NEAR & LONGER TERM REGARDING POTENTIAL FUTURE CHANGES IN TRADE AND TARIFF POLICIES - PREPARED REMARKSPFIZER - ASSESSING ACTIONS INCLUDING POTENTIAL PRODUCTION OF CERTAIN API & PRODUCTS IN U.S. - PREPARED REM...Reuters
Tue, Apr 29
GM Pulls Forecast Due To Tariffs
April 29 (Reuters) - General Motors Co GM.N:Q1 ADJUSTED EPS $2.78 VERSUS IBES ESTIMATE $2.74Q1 REVENUE $44.02 BILLION VERSUS IBES ESTIMATE $43.05 BILLIONINVESTOR CALL FOR Q1 RESULTS DELAYED TO MAY 1 "BASED ON RECENT REPORTS REGARDING UPDATES TO TRADE POLICY"GM CFO: TELLING FOLKS NOT TO RELY ...Reuters
Tue, Apr 29
Entergy Posts Q1 Adjusted EPS Of $0.82
April 29 (Reuters) - Entergy Corp ETR.N:ENTERGY Q1 ADJUSTED EPS $0.82 VERSUS IBES ESTIMATE $0.69ENTERGY Q1 OPERATING REVENUE $2.85 BILLION VERSUS IBES ESTIMATE $3.01 BILLIONENTERGY Q1 RESIDENTIAL SALES 8,784 GWHENTERGY AFFIRMS 2025 ADJUSTED EPS GUIDANCEFY2025 EARNINGS PER SHARE VIEW $3.87 -- LSEG IB...Reuters
Tue, Apr 29
DuPont names Matthew Harbaugh as CFO of to-be-spun-off electronics unit
April 29 (Reuters) - DuPont DD.N said on Tuesday Matthew Harbaugh will be the chief financial officer of its electronics business after the business is spun off.The company also the electronics business, which includes semiconductor technologies and interconnect solutions, will be called Qnity Elect...Reuters
Tue, Apr 29
Compass Pathways Establishes Strategic Collaboration With Healthport
April 29 (Reuters) - Compass Pathways PLC CMPS.O:COMPASS PATHWAYS ESTABLISHES STRATEGIC COLLABORATION WITH HEALTHPORT TO INFORM THE POTENTIAL DELIVERY OF COMP360 SYNTHESIZED PSILOCYBIN TREATMENT IN UNDERSERVED COMMUNITIESReuters
Tue, Apr 29
UK prosecutors say no criminal charges after death of American during ice hockey match
LONDON, April 29 (Reuters) - British prosecutors said on Tuesday they had decided not to bring criminal charges against a professional ice hockey player following the death of American Adam Johnson during a match in October 2023.Reuters
Tue, Apr 29
Merck to invest $1 billion in new Delaware plant to boost US manufacturing
April 29 (Reuters) - U.S. drugmaker Merck MRK.N said on Tuesday it is investing $1 billion in a new Delaware plant to expand domestic production as it prepares to deal with President Donald Trump's tariffs.The new facility will produce biologic drugs and Keytruda, becoming Merck's first in-h...Reuters
Tue, Apr 29
PayPal Posts Q1 Adjusted EPS Of $1.33
April 29 (Reuters) - PayPal Holdings Inc PYPL.O:PAYPAL Q1 ADJUSTED EPS $1.33 VERSUS IBES ESTIMATE $1.16PAYPAL: MAINTAINING FY GUIDANCE DUE TO UNCERTAINTY IN GLOBAL MACRO ENVIRONMENTFY2025 EARNINGS PER SHARE VIEW $5.01 -- LSEG IBES DATAPAYPAL OUTLOOK Q2 ADJUSTED EPS $1.29 - $1.31 VERSUS IBES ESTIMATE...Reuters
Tue, Apr 29
Kraft Heinz lowers annual sales forecast
April 29 (Reuters) - Kraft Heinz KHC.O on Tuesday slashed its full-year organic sales forecast, as demand for its snacks and ready-to-eat meal kits take a hit from higher prices and an uncertain economic backdrop.The Heinz ketchup maker now expects fiscal year 2025 organic net sales to decline betwe...Reuters
Tue, Apr 29
