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Update: NetEase Shares Drop After Q1 Non-GAAP Earnings Fall

(Updates with stock movement in headline and first paragraph.)NetEase (NTES) shares fell 5.7% in Thursday trading after the company posted lower Q1 non-GAAP earnings.In the quarter ended March 31, earnings fell to 17.46 Chinese renminbi ($2.57) per diluted American depositary share, down from 17.51 renminbi a year earlier.Analysts polled by FactSet expected 15.12 renminbi.Net revenue rose to 30.59 billion renminbi from 28.83 billion renminbi a year earlier.Analysts polled by FactSet expected 29.34 billion renminbi.Price: $110.15, Change: $-6.67, Percent Change: -5.71%

$NTES

Wire42d ago

PTC's Codebeamer to Support Mazda's Software-Defined Vehicle Push

PTC's (PTC) Codebeamer has been selected by Mazda Motor to support software-defined vehicle development, strengthening requirements management and accelerating innovation, PTC said Thursday.Codebeamer platform will help Mazda Motor improve requirements management, product quality, and regulatory compliance by providing end-to-end traceability throughout the vehicle development process, PTC said.Shares of PTC were down 1.5% in Thursday trading.Price: $144.23, Change: $-3.73, Percent Change: -2.52%

$PTC

Wire42d ago

Anheuser-Busch InBev Invests $5.8 Million in Virginia Brewery

Anheuser-Busch InBev (BUD) said Thursday it is investing $5.8 million in its Williamsburg, Virginia brewery.The investment will support production of Michelob ULTRA beer and fund the creation of a new technical skills training center in Williamsburg, the company said.Anheuser-Busch said this latest investment in Williamsburg is part of its ongoing Brewing Futures initiative, through which it is investing $600 million in its US operations across 2025 and 2026.Price: $82.71, Change: $+0.20, Percent Change: +0.24%

$BUD

Wire42d ago

Anthropic, Blackstone-Backed Firm Acquires Fractional AI

The AI enterprise services firm backed by Blackstone (BX), Amazon-backed (AMZN) Anthropic, Hellman & Friedman and others said Thursday it has acquired Fractional AI, a San Francisco-based AI services company.Financial details of the acquisition were not provided.Fractional AI's team and capabilities will be the founding operational centerpiece of the new and still unnamed company, according to a statement.Price: $263.26, Change: $-1.75, Percent Change: -0.66%

$AMZN$BX

Wire42d ago

BofA Securities Cuts Price Target on Lowe's to $257 From $260, Maintains Neutral Rating

Lowe's (LOW) has an average rating of overweight and mean price target of $264.63, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $216.38, Change: $-4.68, Percent Change: -2.11%

$LOW

Wire42d ago

Gilead Sciences Closes Tubulis Acquisition

Gilead Sciences (GILD) has completed its previously announced acquisition of Germany-based Tubulis, a biotechnology company developing antibody-drug conjugates or ADCs, for $3.15 billion, Gilead said Thursday.The transaction entitles Tubulis to up to $1.85 billion in contingent milestone payments, according to the statement.Tubulis will remain based in Munich, Germany to establish its ADC innovation center, Gilead said.Price: $130.53, Change: $-0.16, Percent Change: -0.12%

$GILD

Wire42d ago

SS&C Technologies Approves $1.5 Billion Stock Buyback, Maintains Quarterly Dividend

SS&C Technologies (SSNC) said Thursday that its board of directors has renewed its stock buyback program and authorized repurchases of up to $1.5 billion.Additionally, the board maintained a quarterly dividend of $0.27 per share, payable on June 15 to stockholders of record as of June 1, the company said.Shares of the company were down nearly 1% in early Thursday trading.Price: $66.58, Change: $-0.62, Percent Change: -0.92%

$SSNC

Wire42d ago

BofA Securities Lifts Price Target on Centene to $72 From $60

Centene (CNC) has an average rating of overweight and mean price target of $57.41, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $57.86, Change: $-0.41, Percent Change: -0.71%

$CNC

Wire42d ago

Select Medical, Carilion Clinic to Build Rehab Hospital in Virginia

Select Medical (SEM) and not-for-profit health care organization Carilion Clinic said Thursday they formed a joint venture to build and operate a 50-bed inpatient rehabilitation hospital in Roanoke, Virginia.Select Medical will serve as the majority owner and manager of the new facility, which will be named Carilion Rehabilitation Hospital. Construction is scheduled to begin in the spring of 2026, with a targeted opening date in the spring or summer of 2028, the companies said.Upon the opening of the new hospital, Carilion Roanoke Community Hospital will close its existing 34-bed acute rehabilitation unit, according to a joint release.Price: $16.54, Change: $+0.02, Percent Change: +0.09%

$SEM

Wire42d ago

BofA Securities Raises Price Target on Nvidia to $350 From $320, Maintains Buy Rating

Nvidia (NVDA) has an average rating of buy and mean price target of $283.99, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $222.23, Change: $-1.24, Percent Change: -0.55%

$NVDA

Wire42d ago

Hims & Hers Launches Generic Semaglutide in Canada

Hims & Hers Health (HIMS) said Thursday that it has launched generic semaglutide for eligible customers in Canada.Canadian customers can access personalized treatment plans starting at 149 Canadian dollars ($108) per month, the company said.Care plans may include GLP-1 options alongside ongoing support and guidance on nutrition, movement and sleep, the company said.Price: $22.80, Change: $-0.22, Percent Change: -0.96%

$HIMS

Wire42d ago

Stellantis Expands Partnership With Applied Intuition to Advance Development of Intelligent Vehicle Platform

Stellantis (STLA) and physical artificial intelligence firm Applied Intuition have expanded their technology partnership to support the development of the next generation of Stellantis' intelligent vehicle platform STLA Brain, the companies said Thursday.Financial details weren't provided.Applied Intuition will assist in software development, simulation, validation, and deployment across core vehicle systems through its Vehicle OS, Cabin Intelligence, and autonomy systems, the companies said.Price: $7.00, Change: $-0.53, Percent Change: -7.04%

$STLA

Wire42d ago

KKR Selling CIRCOR Aerospace Division to Parker-Hannifin for $2.55 Billion

KKR (KKR) signed a definitive deal to sell its CIRCOR Aerospace division to Parker-Hannifin (PH) for $2.55 billion, according to a Thursday statement.Funds managed by KKR will continue to own CIRCOR's naval and industrial businesses following the transaction, KKR said. The acquisition is expected to close in H2, the company added.Price: $93.76, Change: $-0.59, Percent Change: -0.63%

$KKR$PH

Wire42d ago

Stellantis, Qualcomm Expand Vehicle Cockpit, Automated Driving Partnership

Stellantis (STLA) and Qualcomm (QCOM) said Thursday that they have expanded a multi-year agreement to integrate Snapdragon system-on-chips into next-generation Stellantis vehicles.The hardware will connect with the STLA Brain electronic platform to run passenger displays, connectivity tools, driver assistance programs, and the contract includes the Snapdragon Ride Pilot platform to support automated driving features, the companies said.The companies have also signed a non-binding letter of intent for Qualcomm to acquire the Stellantis-owned automated driving unit aiMotive, they said.Price: $7.01, Change: $-0.52, Percent Change: -6.90%

$QCOM$STLA

Wire42d ago

Klarna, Tekion Partner to Offer More Payment Options at US Auto Dealership Service Departments

Klarna (KLAR) said Thursday it is partnering with Tekion to bring additional payment options to dealership service departments across the US.Under the collaboration, Tekion's payments solution, Tekion Pay, will feature Klarna's full payments suite, including Pay in Full, interest-free Pay in 4, and longer-term financing options, the company said.Financial terms related to the partnership were not disclosed.Price: $15.93, Change: $-0.16, Percent Change: -0.99%

$KLAR

Wire42d ago

Gladstone Commercial Acquires Virginia Industrial Property Leased to Huntington Ingalls Unit

Gladstone Commercial (GOOD) has acquired a 153,890-square-foot industrial facility in Newport News, Virginia, for $22.8 million, fully leased on a long-term basis to a Huntington Ingalls Industries (HII) unit, Gladstone said Thursday.Gladstone said the acquisition was funded through internally generated cash flow without issuing additional equity.Price: $12.62, Change: $-0.17, Percent Change: -1.33%

$GOOD$HII

Wire42d ago

Unum Group Lifts Quarterly Dividend to $0.505 a Share, Effective Q3

$UNM

Wire42d ago

KKR to Sell CIRCOR Aerospace Division to Parker-Hannifin for $2.55 Billion

$KKR$PH

Wire42d ago

ExxonMobil Signs MoU With QatarEnergy to Explore Gas Cooperation With Egypt, Cyprus

ExxonMobil (XOM) has signed a memorandum of understanding with QatarEnergy and the Egyptian government to explore the potential development and commercialization of gas discoveries in Cyprus through Egypt's existing gas and liquefied natural gas export infrastructure, QatarEnergy said Thursday.Under the memorandum, the three parties aim to study opportunities and commercial frameworks for deeper integration between Egypt and Cyprus in the natural gas sector, according to a statement.Price: $159.10, Change: $+2.80, Percent Change: +1.79%

$XOM

Wire43d ago

Update: EnerSys Fiscal Q4 Adjusted Earnings, Revenue Rise; Shares Gain After Hours

(Updates with dividend in the penultimate paragraph and stock movement in the last.)EnerSys (ENS) reported fiscal Q4 adjusted earnings late Wednesday of $3.19 per diluted share, up from $2.97 a year earlier.Analysts polled by FactSet expected $2.99.Revenue in the three months ended March 31 rose to $988 million from $974.8 million a year earlier.Analysts surveyed by FactSet expected $973.8 million.EnerSys expects Q1 revenue of $915 million to $955 million.Analysts polled by FactSet expect $914.6 million.The company maintained its quarterly dividend at $0.2625 a share, payable July 2 to stockholders of record June 19.EnerSys shares rose 6.7% in after-hours trading.

$ENS

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