News
Important Only
Stocks
Fortinet projects quarterly revenue below estimates, shares fall
May 7 (Reuters) - Fortinet FTNT.O forecast second-quarter and annual revenue slightly below Wall Street estimates on Wednesday, due to slowing demand for its cybersecurity services amid muted enterprise IT spending.Shares of the company fell 10% in extended trading, as forecast failed to impress inv...Reuters
Wed, May 7
Other
US judge sides with FDA's removal of Lilly's weight loss drug from shortage list
By Patrick Wingrove May 7 (Reuters) - A U.S. federal judge has sided with a U.S. regulator's decision last year to take Eli Lilly’s LLY.N blockbuster weight loss and diabetes drugs Zepbound and Mounjaro off a list of medicines in short supply, a ruling that could dash patients' hopes of r...Reuters
Wed, May 7
Other
Hamilton combined ratio worsens to 111.6% in Q1 on $142.8 million net wildfires loss
$0.47 operating EPS down from $1.53 in Q1 2024, higher than $0.06 analyst consensusCombined ratio of 111.6% compares to 91.5% in prior-year periodCurrent year catastrophe loss ratio of 32.0% in Q1 2024 (0% prior-year period)GPW up 16.8% to $843.3 million; international up 15.3%, Bermuda up 18.0%By M...Reuters
Wed, May 7
Other
OpenAI and US FDA hold talks about using AI in drug evaluation, Wired reports
May 7 (Reuters) - OpenAI and the U.S. Food and Drug Administration have been meeting to discuss the health regulator's use of AI, technology news platform Wired reported on Wednesday, citing sources with knowledge of the meetings. Sources close to the project say a small team from OpenAI has met...Reuters
Wed, May 7
Other
Manulife profit rises on growth in Asia, wealth management
May 7 (Reuters) - Manulife Financial MFC.TO posted a 3% jump in first-quarter profit on Wednesday, helped by continued growth in its Asia, and global wealth and asset management business.The company's core earnings jumped to C$1.77 billion ($1.28 billion), or 99 Canadian cents per share, in the ...Reuters
Wed, May 7
Other
Brazil rejects US request to classify local gangs as terrorist organizations
By Ricardo Brito BRASILIA, May 7 (Reuters) - The Brazilian government rejected a request by the U.S. State Department to designate two major criminal gangs that officials believe to have members in the United States as terrorist organizations, Mario Sarrubo, Brazil's national secretary of pub...Reuters
Wed, May 7
Other
Dynavax Issues Statement And Mails Letter To Stockholders Emphasizing Record Financial Results And Continued Momentum
Dynavax Technologies Corp DVAX.O:DYNAVAX ISSUES STATEMENT AND MAILS LETTER TO STOCKHOLDERS EMPHASIZING RECORD FINANCIAL RESULTS AND CONTINUED MOMENTUMDYNAVAX TECHNOLOGIES CORP - URGES STOCKHOLDERS TO VOTE FOR ALL FOUR DIRECTOR NOMINEESReuters
Wed, May 7
Other
Turkish bank tells US Supreme Court it should be immune from Iran sanctions charges
By Jonathan Stempel May 7 (Reuters) - Turkey's state-controlled Halkbank HALKB.IS asked the U.S. Supreme Court to throw out a lower court ruling saying it could be prosecuted on criminal charges it helped Iran evade American sanctions.In a petition posted this week on the Supreme Court's ...Reuters
Wed, May 7
Stocks
GLOBAL MARKETS-Stocks rise in choppy trade after Fed keeps rates unchanged
Fed keeps rates steady but eyes rising price, unemployment risksU.S., China to discuss trade in Switzerland at weekendDollar rises, European stocks fallU.S. stock indexes end choppy session higher with late rallyBy Sinéad Carew and Yoruk Bahceli NEW YORK/LONDON, May 7 (Reuters) - Equities rose in...Reuters
Wed, May 7
Other
New Zealand's central bank warns on supply chain impacts from US tariffs
WELLINGTON, May 8 (Reuters) - New Zealand's central bank said on Thursday the impact from U.S. tariffs on global supply chains could affect the country's economy, and it has identified industries that could be exposed more to the new trade rules."We know from our experience, from the COV...Reuters
Wed, May 7
Other
Bristol Myers Squibb Says Shareholder Proposal On Request To Cease DEI Efforts Not Approved At Annual Meeting - SEC Filing
May 7 (Reuters) - Bristol-Myers Squibb Co BMY.N:BRISTOL MYERS SQUIBB CO - SHAREHOLDER PROPOSAL ON REQUEST TO CEASE DEI EFFORTS NOT APPROVED AT ANNUAL MEETING - SEC FILINGSource text: [ID:n0001140361-25-017742]Reuters
Wed, May 7
Stocks
Skyworks forecasts upbeat third-quarter results; appoints new CFO
May 7 (Reuters) - Apple supplier Skyworks Solutions SWKS.O on Wednesday forecast third-quarter revenue and profit above Wall Street estimates, signaling resilient demand for its analog chips despite ongoing trade tensions.Separately, the company announced that Mark Dentinger will take over as chief ...Reuters
Wed, May 7
Economic Indicator
FanDuel owner cuts US profit forecast on gamblers' winning streak
'Unprecedented' March Madness results cut U.S. guidanceGroup-wide forecast up on acquisitions, currency impact Sees U.S. gamblers as immune to consumer confidence fallBy Padraic Halpin DUBLIN, May 7 (Reuters) - FanDuel-owner Flutter FLUT.N on Wednesday cut its forecast for full-year U.S. ...Reuters
Wed, May 7
