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Category Archives: Uncategorized

Under Armour sends potential warning sign about retailers’ profits

Under Armour coped with higher promotions in the quarter, which weighed on profit margins.

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Gilead Sciences defeats U.S. government lawsuit alleging HIV drug patent violations

The U.S. government had accused Gilead Science of violating patents for drugs used in the HIV prevention regimen PrEP.

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Fisker cuts production guidance for Ocean EV after last-minute snags

CEO Henrik Fisker told CNBC that the company expects regulatory approval to begin deliveries of the Ocean in the U.S. before the end of May.

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ThredUp to list on alternative stock exchange: ‘We’re here to make a difference,’ CEO says

ThredUp is listing on the Long Term Stock Exchange, which is designed to promote sustainable principles and a long-term focus among investors and businesses.

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Novavax surges 50% after company unveils job cuts, positive vaccine data

Novavax still reported bleak first-quarter earnings and revenue that missed Wall Street’s estimates.

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Ryanair orders at least 150 of Boeing’s largest 737 Max planes

Boeing is planning to ramp up production of the best-selling planes to meet an increase in demand.

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Nikola exits European joint venture to focus on hydrogen trucks in North America

Nikola produced 63 battery-electric trucks and delivered 31 to dealers in the quarter. Its dealers sold 33 trucks to end customers during the period.

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GM hires ex-Apple exec to lead new software unit

Software, specifically monetizing it, is a major focus for automakers such as GM, as it eyes recurring revenue opportunities.

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Fox posts quarterly loss on Dominion settlement despite boost from Super Bowl, Tubi

Fox reported a $50 million net loss for the quarter due to costs related to its settlement with Dominion Voting.

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Lucid posts widening losses as demand concerns linger, says it has enough cash to last into 2024

Luxury electric vehicle maker Lucid is still batting down demand concerns.

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