Tag: business news
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This drug researcher just reported earnings and could keep rallying on biotech bounceback, JPMorgan says
A resurgence in investments in the biotechnology industry could further boost shares of Charles River Laboratories, according to JPMorgan.
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We’re exiting our position in a spin-off play gone wrong
It will take time to restore credibility with investors after a disappointing first earnings report.
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Megayacht Amadea sold for $187 million to Dubai billionaire with Trump ties
The sale of the Amadea caps a turbulent and controversial history for the 348-foot yacht, which was seized from a sanctioned Russian oligarch.
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Shaquille O’Neal says WNBA players’ treatment of Caitlin Clark is a rite of passage
Harsh fouls against Clark and WNBA officiating have fueled a national debate, with some lawmakers demanding accountability from the league.
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Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination
Warner Bros. Discovery’s streaming segment surpassed $3 million in revenue for the second quarter, marking a 10% increase from the year prior
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Peloton posts first ever annual net profit, but shares drop as outlook disappoints
Peloton delivered its first ever annual profit in fiscal 2026 but it’s still working to generate sales growth as consumers pull back on big ticket purchases.
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Gold price hits highest level since June on weak payrolls data and Hormuz deal hopes
Spot gold rose as high as $4,295 per ounce before paring gains to $4,268 per ounce on Thursday. Gold futures were seen trading at $4,329 per ounce.
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World’s biggest spirits maker pops 6% on $1 billion cost-cutting plan
Diageo, whose brands include Johnnie Walker scotch whisky, Captain Morgan rum and Guinness stout, said costs relating to the savings program will amount to $1.2 billion.
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This software stock was once a top performer. Piper Sandler says stay away
Analyst James Callahan downgraded the ad software stock to neutral from overweight.
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Khanna to introduce ‘Data Center Bill of Rights’ as fight over AI power plants heats up
Michigan Democratic Senate candidate Abdul El-Sayed, who won a competitive primary Tuesday, has endorsed state and local moratoriums on data centers.
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