Retail sales rose 0.4% in April, less than expected as consumers struggle with inflation
Excluding auto-related figures, sales increased 0.4%, which was in line with expectations.
OpenAI CEO Sam Altman testifies before U.S. Senate: live
OpenAI CEO Sam Altman is testifying before the U.S. Senate Judiciary Committee on AI oversight and regulation. Watch live here.
Sam Altman wows lawmakers at closed AI dinner: ‘Fantastic…forthcoming’
Lawmakers had a dinner discussion with OpenAI CEO Sam Altman. It comes at a peak moment for AI, which has thoroughly captured Congress’ fascination.
FTC sues to block Amgen acquisition of Horizon Therapeutics
Amgen wants to buy Horizon Therapeutics to bolster is drug portfolio as it faces patent expirations. The FTC fears the deal could entrench monopoly positions.
This medtech company’s shares could jump 20%, Oppenheimer says
GE Healthcare completed a spinoff from its parent company earlier in 2023. Oppenheimer initiated coverage with an overweight rating
Google Cloud launches A.I.-powered tools to accelerate drug discovery, precision medicine
The solutions mark Google’s latest advancements in the AI arms race and hope to address a long-standing issue facing biotech and pharmaceutical companies.
BMO Capital Markets says this biotech company is ‘best-in-class,’ sees shares surging more than 25%
The firm upgraded shares to outperform from market perform and raised its price target to $100 from $90. The new price target implies shares rallying 27.5%.
Bank of America says buy Western Alliance because it’s not like the 3 failed banks, shares to rally more than 30%
Bank of America resumed coverage on Western Alliance with a buy rating and a price target of $42, which implies 36.5% upside from Monday’s close.
Morgan Stanley downgrades these regional bank stocks, says a short squeeze could be ahead
Morgan Stanley analyst warned of potentially big swings for some of the regional banks it covers as the fallout for the crisis continues.
Giuliani accused of offering to sell Trump pardons for $2 million each in new lawsuit
The suit includes allegations of sexual assault and harassment, as well as wage theft and plans to overturn the 2020 election.
