Disney Considers Different Strategies For Star India, Broadcom Wins Conditional European Approval For VMware Deal, Google Deprioritizes Gen Z Chatbot App: Today's Top Stories
Portfolio Pulse from Vandana Singh
Disney is considering different strategies for its Star India business, which could include partnering with another company or even selling it. Kim Kardashian is reportedly in negotiations to buy back the minority stake in her beauty company, SKKN BY KIM, from Coty Inc. KPMG is reportedly looking to invest around $2 billion in AI and cloud services across its global business lines over the next five years. CVS's Caremark business experienced a halt in prescription processing. Ark Invest sold 135,152 shares of Coinbase Global Inc. Faraday Future Intelligent Electric flagged errors in its previously issued financial statements. The European Commission has fined Illumina Inc and Grail Inc for implementing their proposed merger before approval. Activision Blizzard Inc stock is trading lower amid reports of a possible new investigation on the Microsoft Corp takeover deal. Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware. Domino's Pizza Inc entered a new global agreement with Uber Technologies Inc. Takeda Pharmaceutical Co Ltd is voluntarily withdrawing its marketing application for its dengue vaccine. Google quietly ditched its AI-powered mobile chatbot app, Bubble Characters. Warren Buffett's Berkshire Hathaway stood to make a profit of over $1 billion following the court's decision to allow Microsoft Corp to proceed with its acquisition of Activision Blizzard. IBM is weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service. Novo Nordisk A/S's weight-loss drug, Wegovy, saw a significant drop in adherence compared to what was reported in clinical trials. Microsoft Corp has revealed that a China-based hacking group, Storm-0558, breached email accounts linked to government agencies in Western Europe. Hyundai Motor Company unionized workers at its plants across South Korea reportedly staged the first strike in five years against the government's labor policies.
July 12, 2023 | 1:48 pm
News sentiment analysis
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NEGATIVE IMPACT
Activision Blizzard Inc stock is trading lower amid reports of a possible new investigation on the Microsoft Corp takeover deal.
The news about a possible new investigation on the Microsoft takeover deal could have a negative impact on Activision Blizzard's stock in the short term as it adds uncertainty to the completion of the deal.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold 135,152 shares of Coinbase Global Inc.
The news about Ark Invest selling 135,152 shares of Coinbase could have a negative impact on Coinbase's stock in the short term as it could be perceived by the market as a lack of confidence in the company's future performance.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Google quietly ditched its AI-powered mobile chatbot app, Bubble Characters.
The news about Google quietly ditching its AI-powered mobile chatbot app, Bubble Characters, could have a negative impact on Google's stock in the short term as it could be perceived by the market as a failure of one of the company's projects.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Hyundai Motor Company unionized workers at its plants across South Korea reportedly staged the first strike in five years against the government's labor policies.
The news about Hyundai Motor Company unionized workers at its plants across South Korea staging the first strike in five years against the government's labor policies could have a negative impact on Hyundai's stock in the short term as it could disrupt the company's operations.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Novo Nordisk A/S's weight-loss drug, Wegovy, saw a significant drop in adherence compared to what was reported in clinical trials.
The news about a significant drop in adherence to Novo Nordisk's weight-loss drug, Wegovy, compared to what was reported in clinical trials could have a negative impact on Novo Nordisk's stock in the short term as it could potentially decrease the company's sales.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Takeda Pharmaceutical Co Ltd is voluntarily withdrawing its marketing application for its dengue vaccine, TAK-003, candidate following discussions with the FDA.
The news about Takeda voluntarily withdrawing its marketing application for its dengue vaccine could have a negative impact on Takeda's stock in the short term as it could be perceived by the market as a setback for the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Kim Kardashian is reportedly in negotiations to buy back the minority stake in her beauty company, SKKN BY KIM, from Coty Inc.
The news about Kim Kardashian reportedly in negotiations to buy back the minority stake in her beauty company from Coty could have a neutral impact on Coty's stock in the short term as the sale price and other details of the deal are yet to be finalized.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Disney is considering different strategies for its Star India business, which could include partnering with another company or even selling it.
The news about Disney considering different strategies for its Star India business could have a neutral impact on the company's stock in the short term as it is still in early talks and there's no clear indication of the path they might take.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware.
The news about Broadcom winning conditional approval from the European Commission to complete its acquisition of VMware could have a positive impact on Broadcom's stock in the short term as it removes a major hurdle for the completion of the deal.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Warren Buffett's Berkshire Hathaway stood to make a profit of over $1 billion following the court's decision to allow Microsoft Corp to proceed with its acquisition of Activision Blizzard.
The news about Warren Buffett's Berkshire Hathaway standing to make a profit of over $1 billion following the court's decision to allow Microsoft to proceed with its acquisition of Activision Blizzard could have a positive impact on Berkshire Hathaway's stock in the short term as it could significantly increase the company's profits.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Domino's Pizza Inc entered a new global agreement with Uber Technologies Inc.
The news about Domino's Pizza entering a new global agreement with Uber could have a positive impact on Domino's stock in the short term as it could potentially increase the company's sales.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
IBM is weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service it made available this week.
The news about IBM weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service could have a positive impact on IBM's stock in the short term as it could potentially increase the company's profits.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
KPMG is reportedly looking to invest around $2 billion in AI and cloud services across its global business lines over the next five years. This investment is part of an expanded partnership with Microsoft Corporation.
The news about KPMG planning to invest around $2 billion in AI and cloud services as part of an expanded partnership with Microsoft could have a positive impact on Microsoft's stock in the short term as it highlights a trend among the Big Four accounting firms to increasingly embrace these technologies.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100