Category: Top Story

Shares of Intel Corporation (NASDAQ:INTC) climbed about 4% on Wednesday, while Advanced Micro Devices (NASDAQ:AMD) advanced roughly 2.5%, following a report that both companies have notified customers of upcoming price increases for their central processing units. According to Nikkei Asia, Intel and AMD have informed clients that they intend to raise prices across their entire…

Shares of Honeywell (NYSE:HON) rose about 1.3% to nearly $225 in premarket trading on Wednesday, while Lockheed Martin (NYSE:LMT) gained roughly 0.4% to around $613. Honeywell Aerospace announced that it has entered into a supplier framework agreement with the U.S. Department of War, supported by a multi-year $500 million investment aimed at expanding defense manufacturing…

Lockheed Martin (NYSE:LMT) announced a framework agreement with the Department of War aimed at accelerating the production of Precision Strike Missiles (PrSM), with plans to expand manufacturing capacity fourfold. The arrangement builds on a $4.94 billion contract awarded by the U.S. Army last year. The framework includes the possibility of a multi-year contract lasting up…

Honeywell (NASDAQ:HON) said it has entered into a supplier framework agreement with the U.S. Department of War aimed at expanding production of key defense technologies, supported by a $500 million multi-year investment to enhance manufacturing capacity. As part of the agreement, Honeywell Aerospace will boost output of navigation systems, Assure actuators and electronic warfare technologies.…

Novo Nordisk A/S (NYSE:NVO) and The United Laboratories International Holdings Limited said Wednesday that their jointly developed treatment UBT251 delivered strong improvements in blood glucose control and weight reduction in a phase 2 clinical trial involving Chinese patients with type 2 diabetes. The study evaluated UBT251, a triple agonist designed to activate GLP-1, GIP and…

Arm Holdings (NASDAQ:ARM) shares climbed about 13% in premarket trading on Wednesday after analysts delivered positive reactions to the company’s newly introduced internally developed processor, describing it as a significant step that could broaden Arm’s business model and strengthen its long-term earnings potential. Analyst Simon Leopold at Raymond James upgraded the stock to Outperform and…

United Parcel Service (NYSE:UPS) has inaugurated a new $100 million logistics center in Taiwan, its largest facility in the Asia-Pacific region, as demand linked to the technology sector continues to expand. The new hub is located in Taoyuan in northern Taiwan, close to the island’s main international airport. Applied Materials (NASDAQ:AMAT), the largest U.S. producer…