Apple Loses Appeal Over 4G Patent Infringement In London Court, AI Can Drive TSMC's Revenue Rebound, Alibaba Conducts Strategic Review of Youku and Tudou Amidst Rivalry: Today's Top Stories
Portfolio Pulse from Vandana Singh
Apple lost an appeal over 4G patent infringement in London court, marking another victory for Optis Cellular Technology. Deutsche Bank and Commerzbank face a $348M lawsuit by RusKhimAlyans, a Gazprom subsidiary. Nikola Corp plans to liquidate the assets of battery maker Romeo Power. Pfizer and Samsung Biologics signed two agreements for long-term manufacturing of Pfizer's biosimilar portfolio, worth $897M. Airbus is investing in a new Wing Technology Development Centre at its Filton site in the UK. TSMC expects a significant revenue rebound due to the launch of new Apple iPhones and strong demand for AI chips. Rivian Automotive reported Q2 production and delivery numbers. Evotec secured a US government contract for orthopoxvirus antibody. Mondelēz recalled two varieties of belVita biscuits in the US over peanut contamination. BYD plans to invest $620M in Brazil's Camaçari Industrial Complex. Alibaba is conducting a strategic review of video streaming platforms Youku and Tudou. UPS drivers consider going on strike after failed labor talks. OMV and ADNOC are in talks to create a chemicals and plastics company worth over $30B. Haleon is considering divesting some smoking cessation products to sell non-core businesses.
July 05, 2023 | 1:23 pm
News sentiment analysis
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NEGATIVE IMPACT
Apple lost an appeal over 4G patent infringement in London court, marking another victory for Optis Cellular Technology.
The loss of the appeal could potentially lead to financial penalties for Apple and may negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Deutsche Bank faces a $348M lawsuit by RusKhimAlyans, a Gazprom subsidiary.
The lawsuit could potentially lead to financial penalties for Deutsche Bank and may negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Mondelēz recalled two varieties of belVita biscuits in the US over peanut contamination.
The recall could potentially lead to financial losses for Mondelēz and may negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nikola Corp plans to liquidate the assets of battery maker Romeo Power.
The liquidation of Romeo Power's assets could potentially lead to financial losses for Nikola Corp and may negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
UPS drivers consider going on strike after failed labor talks.
A potential strike could disrupt UPS's operations and may negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Alibaba is conducting a strategic review of video streaming platforms Youku and Tudou.
The strategic review could potentially lead to changes in Alibaba's business strategy and may not have a significant impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Haleon is considering divesting some smoking cessation products to sell non-core businesses.
The potential divestment could lead to changes in Haleon's business strategy and may not have a significant impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Rivian Automotive reported Q2 production and delivery numbers.
The reported Q2 production and delivery numbers were in line with company expectations and may not have a significant impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Pfizer and Samsung Biologics signed two agreements for long-term manufacturing of Pfizer's biosimilar portfolio, worth $897M.
The agreements could potentially lead to increased revenues for Pfizer and may positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TSMC expects a significant revenue rebound due to the launch of new Apple iPhones and strong demand for AI chips.
The expected revenue rebound could potentially lead to increased profits for TSMC and may positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100