Investment firm Stifel has highlighted Ciena (CIEN) and Viavi Solutions (VIAV) as top opportunities in the applied technology sector, citing strong backlogs and growing demand driven by AI infrastructure and advanced telecommunications.
GE Aerospace CEO Larry Culp pushed back on concerns that GEnx engine delivery delays are hindering Boeing's 787 production, stating the planemaker has a multi-month supply and that GE's own shipments have sharply increased.
Merck has received U.S. Food and Drug Administration approval for Lipfendra, the first oral PCSK9 inhibitor for high cholesterol, providing a new revenue source ahead of the patent expiration for its top-selling drug, Keytruda.
Shares of the oncology software developer plunged to a 52-week low after it released preliminary Q2 results showing a sharp drop in sales and profit, which it attributed to delayed U.S. contracts.
A federal judge has dismissed a shareholder lawsuit that accused Starbucks of misleading investors about slowing sales in the U.S. and China, key markets for the coffee giant.
Morgan Stanley views the recent approval for Apple to launch its AI services in China as a significant positive development that could drive iPhone upgrades and sustain sales momentum in the company's second-largest market.
A U.S. federal judge has dismissed a shareholder lawsuit that accused Starbucks of misleading investors about declining sales in the U.S. and China. The ruling cited an 'innocent explanation' for executive comments made before a significant drop in the company's stock price.
Shares of Voya Financial rose Thursday after a report indicated the retirement services firm has received informal takeover interest, with competitor Principal Financial named as a potential suitor.
The U.S. Securities and Exchange Commission has proposed a new rule that would permit companies to deliver investor disclosures electronically by default, a move aimed at reducing costs and reflecting modern technology.
