Reported 8 months ago
Grail, a U.S. cancer diagnostic test maker spun off from Illumina, is focusing on its Galleri cancer-detection test to drive growth through partnerships with health systems, employers, and insurance companies. The blood test can detect multiple cancer types early and targets 80% of unscreened cancers, aiming for global accessibility pending regulatory approvals. Grail plans to submit for FDA approval in 2026, with over 100 commercial partnerships already established. Despite regulatory scrutiny on cancer death prevention evidence, Grail seeks to expand its market post-EU antitrust issues with Illumina, which led to a fine and Grail's divestment as an independent company with Illumina as a minority stakeholder.
Source: YAHOO
Reported 8 months ago
Luma Energy, the private operator of Puerto Rico’s power grid, has deferred $65 million worth of maintenance and improvement projects due to budget constraints, risking more outages across the island. The deferred projects include maintenance of light posts, fire mitigation, and repairs on underground circuits. The company aims to bring back these projects next year, but critics, including government officials, have expressed outrage at the decision, citing concerns about public safety and the grid's reliability.
Source: YAHOO
Reported 8 months ago
Hoda Kotb shared on 'Today' that she went skinny dipping with her daughters Hope, 4, and Haley, 7, in New York City over the weekend, with the kids screaming with delight. Kotb discussed the fun experience on the show, highlighting their excitement and laughter. This lighthearted moment brought joy to their pool day and was shared by Kotb on social media, showing the special bond between her and her daughters.
Source: YAHOO
Reported 8 months ago
加密货币市场承受压力，比特币（BTC-USD）遭遇自三月以来最糟糕的交易日。Yahoo Finance的Julie Hyman和Josh Lipton解析不同加密货币的表现以及市场陷入困境的原因。欲获取更多专家见解和最新市场动态，请点击此处观看Market Domination的完整章节。
Source: YAHOO
Reported 8 months ago
The US Internal Revenue Service has settled a lawsuit with hedge fund manager Ken Griffin over a data breach where a contractor stole and leaked his tax data to ProPublica. The case is being dismissed as both parties reached an agreement to resolve the matter, with Griffin originally seeking financial damages but not requesting any during settlement discussions. The lawsuit accused the IRS of inadequate safeguards, with the breach resulting in private data of wealthy US taxpayers being revealed by ProPublica. The former IRS contractor responsible for the leak was sentenced to five years in prison.
Source: YAHOO
Reported 8 months ago
Novo Nordisk plans to invest $4.1 billion in building a manufacturing facility in Clayton, North Carolina for its GLP-1 weight-loss drugs, Wegovy and Ozempic, doubling the production capacity in the US. This investment coincides with Eli Lilly's unveiling of a new factory in Concord, NC. Senator Bernie Sanders is set to testify on September 24th regarding drug pricing disparities between the US and other countries.
Source: YAHOO
Reported 8 months ago
On Monday, the US stock market showed divergence with the Dow Jones Industrial Average rising by 0.7% while the S&P 500 fell by 0.3% and the Nasdaq Composite dropped over 1% due to Nvidia's more than 6% slide. The week started with investors shifting focus to energy and financial sectors. Nvidia's recent decline, along with upcoming economic data and US political events, are key areas investors are watching closely. Additionally, the European Union's regulatory actions against Apple and the performance of oil prices were notable highlights of the day.
Source: YAHOO
Reported 8 months ago
RBC Capital Markets Software Equity Analyst Rishi Jaluria suggests investing in HubSpot (HUBS) over ZoomInfo (ZI). Jaluria praises HubSpot for its single-platform approach and success in multi-platform product adoption, highlighting its impressive AI roadmap. He cites increased competition, macro-pressures, and risks from generative AI as reasons for skipping ZoomInfo. The article provides in-depth insight on both companies' strengths and weaknesses in the sales and marketing software landscape.
Source: YAHOO
Reported 8 months ago
Gigi Hadid showcased a retro 1950s style with pointed pumps at the Vogue World: Paris after-party, pairing them with a sparkly purple minidress. Earlier, she and Kendall Jenner modeled traditional riding attire as part of Vogue's decade-themed sports showcase, both wearing black Hermès over-the-knee boots. Known for her understated glam, Hadid has been spotted in various fashionable shoes from luxury designers like Dior, Chanel, and Prada since gaining fame in the early 2010s.
Source: YAHOO
Reported 8 months ago
B. Riley Wealth Chief Market Strategist Art Hogan believes that the S&P 500's strong performance this year is not solely dependent on tech giants like Nvidia, Microsoft, and Apple. Hogan expects the market to broaden its success in sectors like energy, financials, utilities, and industrials. He foresees higher-than-expected second-quarter GDP growth and anticipates the Federal Reserve to cut interest rates in September. Hogan notes that investors prioritize strong economic data and earnings over frequent rate cuts, showing confidence in the market's ability to perform well without being overly reliant on the Fed's monetary policy.
Source: YAHOO
Reported 8 months ago
The European Union has charged Apple under the Digital Markets Act for alleged unfair restrictions in its App Store, which might result in fines. Analyst Bob O'Donnell believes any stock reaction to the news is premature as the investigation could last until March 2025. He expects Apple to make necessary tweaks to comply with EU requirements, indicating that the long-term impact on the company's value and stock view may not be substantial. Investors seem to be taking the news in stride, with Apple's stock slightly up. Apple's potential partnership with Meta in AI development and its cautious approach in integrating OpenAI into Siri are also discussed in the analysis.
Source: YAHOO
Reported 8 months ago
Pop singer Chappell Roan, in a TikTok video, expressed gratitude for the support she has received from fellow pop stars after her recent rise to fame. She mentioned how impressed she was by the unity and support among women in the pop industry and how it made her believe in the world. While she did not specify who reached out, singer Sabrina Carpenter recently mentioned listening to Roan's music often and even covered one of her songs. Roan's openness about her struggles with newfound fame was highlighted in a recent concert and interview, showcasing the emotional journey of navigating success.
Source: YAHOO
Reported 8 months ago
根據《People》的報導，Kevin Bacon和Kyra Sedwick在PBS的《Lemon Sky》片場相遇，1988年結婚，現在育有兩個孩子。他們在接受《People》訪問時分享了為何他們的婚姻能持續三十多年的原因：「我們一直是彼此最大的支持者和粉絲。」
Source: YAHOO
Reported 8 months ago
Noah Wyle, who portrayed Dr. John Carter on 'ER,' recalled a defining moment when the cast realized the show's potential success during an upfronts screening of the pilot episode. Despite initial doubts, the show became a massive hit from its premiere in 1994 until its conclusion in 2009. Wyle also shared how he avoided becoming a target of George Clooney's pranks by staying at the table longer to prevent falling victim to Clooney's tricks. Additionally, Wyle praised Clooney for fostering camaraderie among the cast by emphasizing professionalism and unity on and off the set.
Source: YAHOO
Reported 8 months ago
The Dow Jones Industrial Average jumped 260 points while the Nasdaq Composite dropped over 190 points in Monday's trading. The tech-heavy Nasdaq was dragged down by Nvidia's continued sell-off, causing a 1.10% decline. This divergence between the two indices has been a recurring theme for weeks, with tech stocks like Nvidia and chip companies facing notable underperformance. On the other hand, sectors like energy and utilities saw gains, with cannabis, small oil, and regional banks also performing well. Additionally, the crypto market experienced significant losses, with Bitcoin dropping by 7%.
Source: YAHOO
Reported 8 months ago
The Ministry of Economic Affairs in Taiwan announced on June 24, 2024, that the industrial production and manufacturing indices for May showed a shift to negative growth in the machinery equipment industry and the automotive sector and its components. This was attributed to varying degrees of destocking downstream leading to unstable long-term demand and reduced production levels in the automotive industry due to destocking differences among European and American customers. Despite this, semiconductor expansion helped offset some of the decline in production equipment and components, while the electric car segment in the automotive industry saw increased production. The deputy director of the statistical bureau at the Ministry of Economic Affairs analyzed that the machinery and automotive parts industries have been fluctuating around the breakeven point this year, with the semiconductor sector showing faster recovery and strong investment momentum.
Source: YAHOO
Reported 8 months ago
President Lai Ching-te announced the parliament's expansion of authority bill on June 24, 2024, which has raised concerns among chip industry engineers. They fear that companies like TSMC might be forced to disclose business secrets if summoned for investigation. President Lai expressed that the law, which grants lawmakers new investigative powers over government agencies, corporations, and individuals, has prompted worries among businesses and international stakeholders about the potential leakage of trade secrets. He believes this could negatively impact Taiwan's international competitiveness and foreign investments, leading him to seek a constitutional interpretation to protect privacy rights and business secrets.
Source: YAHOO
Reported 8 months ago
In a move to enhance collaboration in the field of Artificial Intelligence (AI), UMC Group, together with Arm and Intel, is rising as a formidable force in the TSMC alliance. Intel's partnership with UMC is expected to accelerate the adoption of TSMC's design services, coinciding with the restart of mature process wafer fabs, signaling an impending market recovery in the second half of the year. With UMC Group forming a tripartite alliance, TSMC becomes a key supplier of ASICs and critical IPs, earning projects in custom AI chips and venturing into the automotive market with promising prospects. Their participation in the International Design Automation Conference showcases next-gen ASIC solutions, along with insights into collaborations with Arm in automotive ASIC development and HPC SoC fields. UMC reveals successes in advanced 3D IC packaging integration, securing AI custom chip projects, positioning themselves for growth. As chip design enters a decisive era relying on EDA tools, key players like Synopsys, Cadence, and Siemens dominate the market share, yet recent trends involve close cooperation between chip designers and foundries where Taiwanese firms like TSMC, M31, and Andes Technology have made significant contributions. UMC's demonstration of Design Implementation Service (DIS) and tailored 3D IC packaging integration services at the event highlights their strong design capabilities, earning recognition from Samsung's foundries. They showcase collaborative achievements with Arm, marking their foray into the automotive sector with the latest Cortex-A720AE IP to develop AI-supported vehicle ASICs, while also entering advanced processes developing a 64-core custom SoC using Arm Neoverse Compute Subsystem (CSS) running on Intel 18A technology.
Source: YAHOO
Reported 8 months ago
In response to the financial technology trend, New Life Insurance actively implements digital innovation while providing friendly financial services. They introduced the 24-hour AI intelligent customer service robot 'Xiaoxin' in 2017, optimizing customer experience through big data. Recently, they obtained the first Accessibility Web AA Label certification in the insurance industry, ensuring equal and convenient digital insurance services for all customers. New Life Insurance's commitment to digital inclusivity and ESG fairness is evident in their continuous enhancements, including the upgraded 'Xiaoxin' 2.0 with BERT technology. They focus on meeting diverse customer needs, such as optimizing services for disabled and elderly customers, achieving high satisfaction rates and numerous awards, showcasing their leadership in the insurance industry through sustainable innovation and customer-centric AI technology application.
Source: YAHOO
Reported 8 months ago
In response to government policies promoting cultural industry development, Taiwan Cooperative Bank partnered with Yiwran Puppet Theater to hold a charity performance at Xin Xing Elementary School in Tamsui, New Taipei City on June 21st, supporting local arts and culture. The bank actively supports Taiwan's traditional arts and culture by organizing events like screening the movie 'Su Huan-chin' for customers and inviting the renowned puppeteer Lee Tien-lu's Yiwran Puppet Theater to perform. Through such initiatives, the bank demonstrates its commitment to corporate social responsibility and sustainability.
Source: YAHOO
Reported 8 months ago
Provided by Yuanta Futures, compiled by Huang Yanhong on June 24, 2024, at 4:10 PM. The U.S. Department of Energy reported on the 20th that as of the 14th, U.S. commercial crude oil inventories decreased by 2.5 million barrels to 450 million barrels, a 4% decrease from the five-year average for the same period. Gasoline inventories decreased by 2.3 million barrels to 231.2 million barrels, a 1% decrease from the five-year average, and distillate inventories dropped by 1.7 million barrels to 120 million barrels, an 8% decrease from the five-year average. Recent crude oil futures prices have rebounded, with WTI and Brent crude reaching recent highs due to increased geopolitical risks such as ongoing drone attacks on Russian oil infrastructure by Ukraine and escalating conflicts between Israeli and Iran-backed Hezbollah forces. The Israeli military has approved plans to invade Lebanon, raising concerns about wider war outbreaks that may disrupt crude oil flows from the Middle East, leading to significant price volatility. Investors can participate in the market through the Taiwan Futures Exchange's Brent Crude Futures (BRF) denominated in New Taiwan dollars, which offer trading hours covering overnight sessions to fully accommodate the trading needs of major international crude oil futures markets like Europe and the U.S.
Source: YAHOO
Reported 8 months ago
Peng Weilin/Taipei reported on June 24, 2024, at 4:10 pm, the Apple iPhone 16 series is set to be released in the fall, featuring AI applications that will spark a new wave of upgrades. Merry (2439) hit a new high in intraday trading on the 24th, with foreign net purchases of 3,902 lots, drawing attention to its future prospects. Merry's revenue in May was NT$3.512 billion, up 11.51% year-on-year, with accumulated revenue from January to May reaching NT$15.376 billion, a 19.61% increase from the previous year. Analysts predict a 20% increase in revenue for the second quarter, with higher headphone sales contributing to a gross profit margin surpassing the first quarter's 12.57% and an EPS exceeding NT$2. They noted that the demand for headphones, particularly entertainment and gaming headsets, continues to rise, supported by new products and orders from major American customers. Merry emphasized that this year's headphone product momentum is being driven by entertainment, commercial, and gaming headsets, with strong demand for headphones, low customer inventories, and continuous order additions leading to overall revenue growth. * [Warrant investments come with risks. The information provided here is for reference only and does not constitute an invitation, solicitation, or any other advice or recommendation. Readers are advised to use caution.] For more Commercial Times reports: Sanli Multifaceted Assistance Boosts TSMC's Dominance in PCB Industry Embracing Digital Transformation Epidemic Collaboration for Information Modeling Public Funds Shows Brand Effects in Regular Investment
Source: YAHOO
Reported 8 months ago
Taiwanese stocks took a significant dive on June 24, with ETFs following suit. Market cap ETFs and semiconductor ETFs were hit the hardest, while dividend-focused ETFs remained relatively stable and active in trading. In contrast, bond ETFs saw 81 out of 88 ETFs ending the day in the green, becoming a top choice for hedging during the stock market's high volatility. With the market showing signs of high-end fluctuation and the Fed's interest rate cuts becoming clearer, investors are expected to continue pouring into bond ETFs. The current advice suggests buying on dips and maintaining a balanced investment strategy, focusing on AI-related tech stocks and industries on the rise.
Source: YAHOO
Reported 8 months ago
NVIDIA's CEO, Huang Renxun, recently sold 720,000 shares of NVIDIA stock, cashing out over $90 million as NVIDIA's stock price soared by 156% this year. Huang Renxun and other chip company CEOs, including Micron and Qualcomm, took advantage of the booming stock market to sell their own company stocks. While NVIDIA's stock price fell by 2.4% to $123.52 on June 24th, Huang Renxun plans to sell up to 600,000 shares before March next year. Micron CEO Sanjay Mehrotra sold 457,280 shares, making $52 million, and Qualcomm CEO Cristiano Amon sold 40,500 shares, making $6.9 million. Coherent's former CEO, Vincent D. Mattera Jr., also sold 15,000 shares, cashing out $846,700.
Source: YAHOO