Analysts at Morgan Stanley raised their rating on the Swiss dermatology firm to “overweight,” citing a significantly improved sales forecast for its key drug Nemluvio and strong performance in its injectable aesthetics business.
JPMorgan has lowered its rating on Pirelli to Neutral from Overweight, citing limited upside potential as the tire maker's stock now trades at the bank's price target. The move comes despite what the bank described as a 'solid' set of first-half financial results.
The payments giant reported a 14% rise in net revenue and an 8% increase in gross dollar volume, signaling continued consumer strength despite economic uncertainty.
AI cloud infrastructure provider Nscale has agreed to acquire Anyscale, a software startup specializing in managing complex AI systems, in a deal reportedly valued at $1.65 billion.
Situational Awareness LP, the AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner, is reportedly raising fresh funds after its concentrated bets were hit by the July technology stock rout.
The aerospace company announced a multi-launch agreement for three dedicated Electron missions with Japanese satellite operator iQPS, bolstering its launch manifest and extending a key customer relationship.
Shares of infrastructure solutions provider Quanta Services (PWR) jumped more than 12% in pre-market trading after the company reported Q2 financial results that surpassed analyst expectations.
Shares of Yum! Brands fell after the company reported second-quarter earnings and revenue that fell short of analyst expectations, compounding investor concerns over a recent food safety issue at its Taco Bell chain.
Shares of the cybersecurity firm fell nearly 10% after it reported second-quarter revenue that narrowly missed estimates and cut its full-year sales forecast, overshadowing an earnings beat.
