Category: Include on Menu
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Alvotech Shares Rise 5.6% After Barclays Upgrades Rating and Doubles Price Target
Alvotech (NASDAQ:ALVO) shares gained 5.6% in premarket trading after Barclays upgraded the biosimilar drug developer from Underweight to Overweight and raised its price target from $4.00 to $8.00. The bank cited changes in Alvotech’s regulatory outlook following the conclusion of a US Food and Drug Administration inspection at the company’s manufacturing facility in Reykjavik, Iceland.…
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Expedia Shares Fall 2.7% After Morgan Stanley Initiates Coverage at Underweight
Expedia Group (NASDAQ:EXPE) shares declined 2.7% in premarket trading after Morgan Stanley initiated coverage of the online travel company with an Underweight rating and a $235 price target. The target represents approximately 20% downside from Expedia’s previous closing price. Morgan Stanley cited slowing user growth and competitive positioning among its reasons for the rating. The…
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GM’s Limited Hybrid Lineup Leaves Automaker Exposed to Rising US Demand
General Motors (NYSE:GM) faces a gap in its US vehicle lineup as demand for hybrid models increases, with some dealers reporting that customers are choosing competing brands offering more fuel-efficient options. Florida car dealer Bill Wallace, who operates 16 dealerships representing brands including Hyundai, Kia, Mazda, Chevrolet and Cadillac, said most customers have recently been…
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BMO Identifies Age Verification Rules as an Emerging Regulatory Risk for Meta
BMO Capital Markets said the expansion of age verification requirements worldwide could create additional regulatory challenges for social media companies, identifying Meta Platforms (NASDAQ:META) and TikTok as particularly exposed. The bank said the regulatory framework remains at an early stage following Australia’s introduction of online age verification rules in December 2025. Other countries have subsequently…
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Nokia Expands AI-RAN Trials with Telecom Operators Across Four Regions
Nokia (NYSE:NOK) has expanded its engagement with telecommunications operators in North America, Europe, Asia-Pacific and the Middle East as its artificial intelligence radio access network (AI-RAN) platform moves from initial evaluations into laboratory testing and live network trials. The company identified A1 Group, Chunghwa Telecom, du, e&, Mobily, stc, TPG Telecom and Zain Saudi among…
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Coinbase and Strategy Shares Fall After Senate Blocks Digital Asset Bill
Shares in cryptocurrency-related companies declined on Tuesday after a US Senate procedural vote prevented legislation establishing a regulatory framework for digital assets from advancing. Coinbase Global (NASDAQ:COIN) fell 4.1%, while Strategy (NASDAQ:MSTR) declined 3.9%. The proposed Clarity Act received 49 votes in favour and 50 against in the Senate vote. The legislation required 60 votes…
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Meta’s Zuckerberg Calls for Independent AI Safety Evaluations Rather Than Slower Development
Meta (NASDAQ:META) Chief Executive Mark Zuckerberg said on Tuesday evening that artificial intelligence developers should work with independent safety evaluators and advisers rather than slow the development of more capable AI systems. In a post on X, Zuckerberg argued that companies developing AI models need to prioritise alignment with users, suggesting that those failing to…
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SK Hynix and Intel Shares Rise Following Report of US Memory Chip Manufacturing Talks
Shares in SK Hynix (NASDAQ:SKHY) and Intel (NASDAQ:INTC) rose on Wednesday following a report that the two companies were discussing a potential agreement to manufacture memory chips in the United States. Reuters reported, citing three people familiar with the discussions, that the proposed arrangement could establish SK Hynix’s first US memory chip production operation. One…
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Starbucks Explores Majority Stake Sale in Japan Business at Potential $3 Billion Valuation
Starbucks (NASDAQ:SBUX) is considering selling a majority stake in its Japanese operations in a transaction that could value the business at approximately $3 billion, according to two people familiar with the matter. The company has invited several financial advisers to present options for the business and is open to relinquishing majority ownership, the sources told…
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Citi Survey Points to Shorter Smartphone Replacement Cycles and Potential Apple Market Share Gains
Consumers are planning to replace their smartphones more frequently, with artificial intelligence features emerging as a factor in purchasing decisions, according to survey results released by Citi on Tuesday. The survey found that expected smartphone ownership periods had shortened to between 2.1 and 2.7 years across all regions, compared with previous replacement cycles of 2.9…