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Update: Marsh & McLennan Shares Rise After Q1 Adjusted Earnings, Revenue Beat Consensus

(Updates with recent stock movement in headline and first paragraph.)Marsh & McLennan (MRSH) shares were up 4.7% in afternoon trading on Thursday after the company reported Q1 adjusted net income and revenue that surpassed analysts' consensus.The company reported Q1 adjusted net income of $3.29 per diluted share, up from $3.06 a year earlier.Analysts polled by FactSet expected $3.22.Revenue for the quarter ended March 31 was $7.6 billion, up from $7.06 billion a year earlier.Analysts surveyed by FactSet expected $7.41 billion.Price: $183.14, Change: $+8.24, Percent Change: +4.71%

$MRSH

Australia23d ago

Piper Sandler Adjusts Price Target on M&T Bank to $245 From $230, Maintains Overweight Rating

M&T Bank (MTB) has an average rating of overweight and mean price target of $234.03, 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: $217.82, Change: $+0.72, Percent Change: +0.33%

$MTB

Australia23d ago

Benchmark Adjusts Price Target on J.B. Hunt Transport Services to $250 From $230, Maintains Buy Rating

J.B. Hunt Transport Services (JBHT) has an average rating of overweight and mean price target of $231.50, 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: $240.55, Change: $+16.38, Percent Change: +7.30%

$JBHT

Australia23d ago

Evercore ISI Adjusts Abbott Laboratories Price Target to $120 From $134, Maintains Outperform Rating

Abbott Laboratories (ABT) has an average rating of overweight and mean price target of $132.48, 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: $95.28, Change: $-6.29, Percent Change: -6.19%

$ABT

Australia23d ago

Ambev Shares Fall After UBS Downgrade

Ambev (ABEV) shares fell 2.4% on Thursday after UBS downgraded the stock to sell from neutral with a price target of $2.65 per share.Trading volume stood at nearly 19.2 million shares compared with a daily average of close to 25.6 million.Price: $3.06, Change: $-0.07, Percent Change: -2.40%

$ABEV

Australia23d ago

Market Chatter: White House Preparing to Make Anthropic Mythos AI Model Available to US Agencies

A White House official told Cabinet department officials that the Office of Management and Budget is setting up protections that will allow federal agencies to begin using Amazon-backed (AMZN) Anthropic's new AI model Mythos, Bloomberg reported Thursday, citing an email from OMB Chief Information Officer Gregory Barbaccia it reviewed.Anthropic and the White House didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $249.29, Change: $+0.79, Percent Change: +0.32%

$AMZN

Australia23d ago

Sector Update: Financial Stocks Decline in Afternoon Trading

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.2%.The Philadelphia Housing Index was fractionally higher, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was adding 0.6%.Bitcoin (BTC-USD) was declining 0.9% to $74,152, and the yield for 10-year US Treasuries was rising 2.3 basis points to 4.305%.In economic news, US initial jobless claims fell to a level of 207,000 in the week ended April 11 from a downwardly revised 218,000 level in the previous week, compared with expectations for a smaller decrease to 213,000 in a survey of analysts compiled by Bloomberg.US industrial production fell by 0.5% in March, compared with expectations for a 0.1% increase in a Bloomberg-compiled survey, and following an upwardly revised 0.7% increase in February.The Philadelphia Federal Reserve's monthly manufacturing index rose further to 26.7 in April after increasing to 18.1 in March, compared with expectations for a decline to a reading of 10 in a survey compiled by Bloomberg.The New York Federal Reserve's services index improved to minus 14.0 in April from minus 22.6 in March, compared with a smaller expected increase to a reading of minus 20.0 in a survey compiled by Bloomberg.In corporate news, Charles Schwab's (SCHW) Q1 results rose year over year amid a surge in client assets, even as revenue fell short of Wall Street's estimates. Its shares fell nearly 6%.Goldman Sachs (GS) rates trading business faced pressure in Q1 as Iran-related market volatility led to losses on certain positions, Reuters reported. The bank posted a 10% drop in fixed-income, currencies and commodities revenue to $4 billion, driven by weaker results in interest rate trading, mortgages, and credit products, according to the report. Goldman shares were up 0.6%.The National Basketball Association is in early discussions with private credit firms, including Apollo Global Management (APO), Ares Management (ARES) and Sixth Street about funding a potential European basketball league expansion, Bloomberg reported. Apollo shares rose 1.2%, and Ares was down 1.5%.

$APO$ARES$GS$SCHW

Australia23d ago

White House Preparing to Make Anthropic Mythos Available to US Agencies, Bloomberg Reports

Price: $249.15, Change: $+0.65, Percent Change: +0.26%

$AMZN

Australia23d ago

Top Midday Decliners

QuidelOrtho (QDEL) shares slumped 32% amid heavy trading after the company set out late Wednesday expectations for preliminary unaudited revenue below market expectations for Q1.Intraday trading volume surged to over 8.5 million shares from a daily average of about 1.6 million.MIND Technology (MIND) reported late Wednesday a fiscal Q4 loss and a year-over-year decline in revenue.Shares slumped 27% as intraday trading volume climbed to more than 895,000 from a daily average of about 153,000.Allbirds (BIRD) fell by 28% after midday, swinging from a 582% surge at Wednesday's close. The company said Wednesday it has executed a definitive agreement with an institutional investor for a $50 million convertible financing facility that will enable a pivot in its business to artificial intelligence compute infrastructure.More than 25.8 million shares of the company traded intraday compared with a daily average of about 4.9 million.Price: $11.91, Change: $-5.58, Percent Change: -31.90%

$BIRD$MIND$QDEL

Australia23d ago

CoreWeave Prices $1 Billion Offering of 9.75% Senior Notes Due 2031

CoreWeave (CRWV) priced a private offering of $1 billion in 9.75% senior notes due 2031.The notes priced at 102% of face value and will be guaranteed on a senior unsecured basis by certain wholly owned subsidiaries, CoreWeave said Thursday in a statement.They will be issued as additional notes under the April 14 indenture that covered CoreWeave's earlier $1.75 billion offering of 9.75% senior notes due 2031, according to the statement.The offering is expected to close Tuesday.CoreWeave plans to use the proceeds for general corporate purposes.Price: $117.69, Change: $-1.00, Percent Change: -0.84%

$CRWV

Australia23d ago

Top Midday Gainers

Aehr Test Systems (AEHR) said Thursday that it has received a $41 million follow-on production order from an unnamed hyperscale customer for package-level burn-in of custom artificial processor ASICs.Shares jumped 14%, with intraday trading volume rising to more than 6.7 million from a daily average of about 2.2 million.Myseum (MYSE), a social media and technology company, said late Wednesday it is operating under the new name Myseum.AI Inc., effective April 15. As part of the rebrand, the company's core technology platform will integrate its proprietary artificial intelligence technology into messaging and social media platforms.Shares catapulted 155% as intraday trading volume surged to over 182.4 million from a daily average of about 447,000.JPMorgan upgraded the shares of Allogene Therapeutics (ALLO) to neutral from underweight.Shares climbed 6% as intraday trading volume advanced to over 16.7 million from a daily average of roughly 9 million.Price: $83.10, Change: $+9.88, Percent Change: +13.49%

$AEHR$ALLO$MYSE

Australia23d ago

Meta Platforms Raises VR Headset Prices to Offset Increasing Hardware Costs

Meta Platforms (META) said it will increase its prices for Meta Quest 3 and Meta Quest 3S headsets, starting April 19, to offset the rising costs of hardware components.In a blog post Wednesday, the company said the new pricing for Meta Quest 3S is $349.99 for 128 gigabytes and $449.99 for 256 GB, while the 512 GB Meta Quest 3 will cost $599.99.The new pricing will also apply to refurbished units, Meta said.Price: $673.86, Change: $+2.28, Percent Change: +0.34%

$META

Australia23d ago

International Paper to Acquire North Pacific Paper for $360 Million

International Paper (IP) agreed to buy North Pacific Paper, a portfolio company of One Rock Capital Partners, for $360 million to expand in the US West Coast region.The acquisition is subject to regulatory approval, International Paper said Thursday in a statement.North Pacific Paper, based in Longview, Washington, operates three machines that produce about 1 million tons of containerboard and other grades annually.Price: $36.46, Change: $-0.05, Percent Change: -0.15%

$IP

Australia23d ago

Genius Group Closes $8 Million Registered Direct Offering

Genius Group (GNS) said Thursday it closed its registered direct offering of about 21.6 million ordinary shares, or pre-funded warrants, at $0.37 per share, for gross proceeds of $8 million.The company said it is using $5.5 million of the proceeds to acquire a senior secured convertible promissory note that is being immediately converted into a 9.9% equity stake in Jewel Financial, the sole shareholder of Jewel Bancorp, Bermuda's only dual-licensed digital bank.The proceeds are being used in connection with its previously announced plans to become a permitted payment stablecoin issuer and digital asset service provider, the company said.Additionally, Genius Group will issue 15 million shares at $0.40 per share as further consideration for the acquisition, as per the terms of the note purchase agreement.

$GNS

Australia23d ago

Star Group Raises Quarterly Dividend to $0.1975 a Unit From $0.1850, Payable May 6 to Holders of Record April 27

Price: $12.57, Change: $+0.07, Percent Change: +0.56%

$SGU

Australia23d ago

SRx Health Solutions, EMJ Crypto Buy Compass Shares, Increase Opendoor Investment

SRx Health Solutions (SRXH) and EMJ Crypto Technologies said Thursday they acquired shares of Compass (COMP) in the open market and increased the investment in Opendoor Technologies (OPEN).SRx Health said it has also filed a registration statement with the US Securities and Exchange Commission in connection with its proposed merger with EMJ Crypto, according to a statement.

$COMP$OPEN$SRXH

Australia23d ago

Walmart Adds Weight Management Support Access to GLP-1 Customers

Walmart (WMT) said Thursday it has expanded its Better Care Services platform to include weight management support services for customers currently on or exploring GLP-1 therapies.The platform now offers obesity and weight management support programs from third-party providers, the company said.Price: $124.60, Change: $-0.17, Percent Change: -0.13%

$WMT

Australia23d ago

Bit Origin Secures Financing to Explore AI Computing, Data Center Services Expansion

Bit Origin (BTOG) said Thursday that it has secured strategic financing to explore expansion into AI-driven computing and data center services.Financing details were not disclosed.The company said it intends to potentially develop opportunities in leasing, AI computing, storage infrastructure, and cooling services, including GPU-based computing resources and related server systems.Bit Origin said that the timing and extent of any business execution will depend on its ability to secure further financing, finalize commercial arrangements, access qualified personnel and suitable partners, and assess market conditions.Bit Origin shares were down more than 6% in Thursday trading.Price: $2.63, Change: $-0.14, Percent Change: -4.88%

$BTOG

Australia23d ago

AIM ImmunoTech Starts Late-Stage Trial of Ampligen in Pancreatic Cancer

AIM ImmunoTech (AIM) said Thursday it has begun a phase 3 clinical trial of its experimental drug Ampligen for pancreatic cancer, calling the move an important milestone supported by encouraging phase 2 results.The company recently signed an agreement with Thermo Fisher Scientific's (TMO) PPD clinical research unit to help design the phase 3 study.An ongoing phase 2 trial testing Ampligen with AstraZeneca's (AZN) immunotherapy durvalumab has shown early signs of improved progression-free survival and overall survival, along with a favorable safety profile, AIM said.Price: $0.57, Change: $+0.03, Percent Change: +5.35%

$AIM$AZN$TMO

Australia23d ago

Top Midday Stories: TSMC Earnings, Guidance Top Estimates But Shares Fall; PepsiCo Shares Rise Following Q1 Earnings Report

All three major US stock indexes were up in late-morning trading Thursday, as investors take in updates on the war in Iran as well as the latest large-company earnings reports.In company news, Taiwan Semiconductor Manufacturing (TSM), or TSMC, reported Q1 earnings Thursday of 22.08 New Taiwan dollars ($0.70) per diluted share, up from NT$13.94 a year earlier and above the FactSet consensus analyst estimate of NT$20.92. First-quarter net revenue was NT$1.134 trillion, up from NT$839.25 billion a year ago and above the FactSet consensus of NT$1.121 trillion. For Q2, the chipmaker said it expects net revenue of $39 billion to $40.2 billion, above the FactSet consensus of $38.09 billion. TSMC shares were down 1.9% around midday.PepsiCo (PEP) reported fiscal Q1 core earnings Thursday of $1.61 per diluted share, up from $1.48 a year earlier and above the FactSet consensus of $1.54. Fiscal Q1 net revenue was $19.44 billion, up from $17.92 billion a year ago and above the FactSet consensus of $18.95 billion. For fiscal 2026, PepsiCo said it continues to expect core constant currency EPS growth of 4% to 6% and organic revenue growth of between 2% and 4%. PepsiCo shares were up 2.1%.Abbott Laboratories (ABT) reported Q1 adjusted earnings Thursday of $1.15 per diluted share, up from $1.09 a year earlier and above the FactSet consensus of $1.14. First-quarter net sales were $11.16 billion, up from $10.36 billion a year ago and above the FactSet consensus of $11.00 billion. For Q2, Abbott said it expected adjusted diluted EPS of $1.25 to $1.31, below the FactSet consensus of $1.36. For full-year 2026, the company said it expects adjusted EPS of $5.38 to $5.58, down from its prior guidance of $5.55 to $5.80 and below the FactSet consensus of $5.60. Full-year 2026 comparable sales are expected to grow 6.5% to 7.5%, the company said. Abbott shares were down 4.4%.Charles Schwab (SCHW) reported Q1 adjusted earnings Thursday of $1.43 per diluted share, up from $1.04 a year earlier and above the FactSet consensus of $1.40. First-quarter net revenue was $6.48 billion, up from $5.60 billion a year ago but below the FactSet consensus of $6.50 billion. The company also said Thursday it will launch a spot cryptocurrency trading service for retail customers in the coming weeks. For a fee of 75 basis points per transaction, the platform will provide direct trading of bitcoin and ethereum alongside traditional investments, the company said. Shares of Schwab were down 4.8%.Stellantis (STLA) and Microsoft (MSFT) said Thursday they have signed a five-year strategic collaboration deal to co-develop advanced artificial intelligence, cybersecurity and engineering capabilities for the automaker's vehicles. Separately, Stellantis is planning a 100-million-euro ($117.9 million) investment to update its Poissy assembly plant near Paris, Bloomberg reported Thursday. The company will continue making vehicles at the facility through at least the end of 2028, the report said. Stellantis shares were down 0.8%, while Microsoft shares were up 1.6%.Oracle (ORCL) said Thursday it plans to expand its multicloud networking capabilities to provide high-performance connectivity between Oracle Cloud Infrastructure and Amazon's (AMZN) Amazon Web Services. Oracle shares were up 4.1%, while Amazon shares were down 0.3%.Sales of Tesla's (TSLA) Cybertruck were boosted by purchases from Elon Musk's other companies, Bloomberg reported Thursday, citing S&P Global Mobility registration data. Tesla shares were down 1.1%.Price: $368.08, Change: $-7.02, Percent Change: -1.87%

$ABT$AMZN$MSFT$ORCL$PEP$SCHW$STLA$TSLA$TSM

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Australia23d ago