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Goodyear Tire & Rubber Co reports results for the quarter ended March 31 - Earnings Summary
Goodyear Tire & Rubber Co GT.OQ reported a quarterly adjusted loss of 4 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of eight analysts for the quarter was for a loss of 3 cents per share....Reuters
Wed, May 7
Other
Trump to sign order on drug prices as early as next week, Politico reports
By Patrick Wingrove and Jasper Ward 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 medicines to lower prices abroad, Politico...Reuters
Wed, May 7
Commodities
Exxon agrees to supply Japan's Marubeni with low-carbon ammonia
By Sheila Dang HOUSTON, May 7 (Reuters) - Exxon Mobil XOM.N has signed a long-term agreement to supply 250,000 metric tons of low-carbon ammonia annually to Japanese trading house Marubeni 8002.T, the U.S. oil producer said on Wednesday, representing Exxon's first signed customer agreement fo...Reuters
Wed, May 7
Stocks
Innoviva Inc reports results for the quarter ended March 31 - Earnings Summary
Innoviva Inc INVA.OQ reported a quarterly adjusted loss of 74 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 46 cents. The lone analyst forecast for the quarter was for earnings of 29 cents per share. Revenue rose 14.4% to $...Reuters
Wed, May 7
Commodities
Corteva beats first-quarter profit estimates on higher seed pricing
Corteva's seed prices rose 3% in most regions, boosting core profitTotal sales fell 2% due to weakness in Europe, Latam and AsiaMay 7 (Reuters) - U.S. agrichemicals firm Corteva CTVA.N beat Wall Street expectations for first-quarter profit on Wednesday, helped by higher prices for its seeds.The ...Reuters
Wed, May 7
Stocks
Why Nebius Group Stock Jumped 10% Today
It was a volatile day on Wall Street as the Federal Reserve held interest rates steady at its Federal Open Market Committee meeting. The Fed noted increasing uncertainty and risks of slow growth and rising prices, however.Yet shares of artificial intelligence (AI) infrastructure company Nebius Group...The Motley Fool
Wed, May 7
Commodities
Texas Pacific Land misses first-quarter core profit estimates on lower oil prices
May 7 (Reuters) - Permian-focused land and royalty company Texas Pacific Land TPL.N missed Wall Street expectations for first-quarter core profit on Wednesday, as lower oil prices offset higher production.Brent crude futures LCoc1 fell on average in the first quarter from a year earlier on fears tha...Reuters
Wed, May 7
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
