ADVFN US – Market Content Editor
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Pfizer Made Around $3.5 Billion From Haleon Shares Sale
Pfizer recently divested a portion of its investment in the consumer-healthcare company Haleon, cashing in approximately £2.75 billion ($3.50 billion). This strategic sale reduced Pfizer’s ownership in Haleon from 32% to 22.6%, involving the sale of 790.6 million Haleon shares at a price of 308 pence each. This pricing marked a 7% discount to Haleon’s…
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Unilever separates from Ice Cream arm and cuts jobs
Unilever (NYSE:UL) announced steps to accelerate its “growth action plan”, through the separation of Ice Cream and the launch of a “major” productivity programme. The Ice Cream arm includes brands Wall’s, Magnum and Ben & Jerry’s. “The board believes that Unilever should be increasingly focused on a portfolio of unmissably superior brands with strong positions…
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Apple in Talks with Google to Integrate Gemini AI into iPhone, Shaping a New Era in Tech Collaboration
Apple is currently in discussions to incorporate Google’s Gemini AI tool into its iPhone, according to insiders familiar with the matter who spoke to Bloomberg News. This potential collaboration signals a groundbreaking deal that could significantly disrupt the AI industry landscape. The tech behemoths are actively negotiating to allow Apple to license Google’s Gemini, a…
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Nvidia Unveils Blackwell: The Next-Gen AI Architecture Powering the Future of Computing
Nvidia (NASDAQ:NVDA) unveiled its latest advancement in graphics processor architecture named Blackwell on Monday, marking a significant leap forward from its existing Hopper technology. This new development aims to enhance the performance and efficiency of artificial intelligence (AI) systems, such as OpenAI’s ChatGPT, cementing Nvidia’s role as a key player in the AI hardware market.…
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U.S. Stocks Give Back Ground After Early Rally But Close Mostly Higher
After showing a strong move to the upside early in the session, stocks gave back some ground over the course of the trading day on Monday but managed to close mostly higher. With the upward move, the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) regained ground after closing lower for three straight sessions. While the…
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Crypto: Solana Surges to $200, Base Explodes Post-Dencun Update, and Latest News
Solana hits $200 with network growth For the first time since November 2021, Solana’s cryptocurrency (COIN:SOLUSD) surpassed the $200 mark, driven by growing activity on the network and interest in meme coins. Although still 22% below its all-time high of $260, SOL exceeded its previous market capitalization of $75 billion due to the issuance of…
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Tech Stocks May Lead Early Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground after trending lower over the past few sessions. Technology stocks may help lead an early rebound on Wall Street, as reflected by the 1.2 percent jump by the Nasdaq 100 futures. Shares of Alphabet (NASDAQ:GOOGL)…
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Anticipation Builds on Wall Street for Federal Reserve’s Upcoming Policy Moves; WTI and Brent See Upticks
In Monday’s pre-market trading, U.S. index futures are mixed, with Wall Street in anticipation of the monetary policy guidelines that the Federal Reserve is expected to release during the week. At 06:31 AM, the futures of the Dow Jones Industrial Average (DOWI:DJI) fell 15 points, or 0.04%. The S&P 500 futures advanced 0.37%, and the…
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Apple & Google in Talks for Gemini AI on iPhone, Nvidia’s GTC Conference Today, and Latest News
Apple (NASDAQ:AAPL) – Apple is in discussions with Google to integrate Gemini AI into the iPhone. Additionally, it is considering a partnership with Microsoft and OpenAI for generative features. Moreover, Apple is preparing updates for iOS 18 but is seeking a partner to enhance functionalities. An announcement could be made in June during the Worldwide…
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Nasdaq, S&P 500 Close Lower For Third Straight Day As Fed Meeting Looms
With traders looking ahead to next week’s Federal Reserve meeting, stocks moved mostly lower over the course of the trading session on Friday. With the downward move, the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) closed lower for the third straight day. The major averages finished the day off their worst levels but still firmly…