Category: Business
Merck & Co. exceeded Wall Street profit estimates with adjusted earnings of $2.28 per share, driven by a 16% increase in Keytruda sales to $7.3 billion.
Keywords: Merck & Co., Keytruda, earnings report
Source: Bloomberg
Update At: 7/30/2024
Netflix is expected to announce strong quarterly earnings with anticipated revenue and subscriber growth, high operating margins, and positive stock performance. Analysts are optimistic about the company's future despite potential challenges like a crackdown on password sharing and the need to sustain growth. Netflix's move into live sports and advertising, along with its strategy to appeal to a wide audience, are key factors driving its success.
Fortune
Assault on US avocado inspectors in Michoacán led to a temporary halt in avocado imports, highlighting the volatile nature of the industry in the region. The incident raised concerns about corruption, violence, and cartel influence in the avocado trade between the US and Mexico.
CNN
Shares in Trump Media & Technology Group Corp surged in premarket trading following an assassination attempt on former U.S. President Donald Trump. The incident occurred during a rally in Pennsylvania, resulting in injuries to Trump and attendees. The shooter, identified as Thomas Matthew Crooks, prompted calls for an investigation into rally security.
Investing.com
Delta Air Lines implements a new uniform policy allowing only U.S. flags after a social media post featuring flight attendants wearing Palestinian flag pins caused controversy. The airline faced backlash and subsequently apologized for the incident.
Fox Business
Trump Media & Technology Group (DJT) saw a surge in stock prices after former President Donald Trump survived an assassination attempt. The incident is not expected to have a lasting impact on Trump's presidential chances. The company, parent of Truth Social, has faced fluctuations in stock prices and financial challenges.
Yahoo Finance
Billionaire Elon Musk is relocating the headquarters of SpaceX and X to Texas from California due to a new law and tax benefits. Tesla, where Musk is CEO, already moved its headquarters to Austin in 2021.
ABC News
Elon Musk announced the relocation of SpaceX's and X's headquarters from California to Texas due to frustrations over public school policy. Musk criticized California's SAFETY Act and its limitations on schools regarding gender identity notifications. The move to Texas aligns with Musk's interest in the state and its business-friendly environment.
Austin American-Statesman
Sergio Pino, a prominent developer in South Florida, was found dead by suicide amid an FBI investigation into criminal allegations in his divorce battle. He founded Century Homebuilders Group, LLC, the largest Hispanic-owned homebuilder in the nation, and was involved in various community organizations.
NBC 6 South Florida
X and SpaceX are relocating from San Francisco to Austin, Texas, following a new law signed by California Gov. Gavin Newsom. Elon Musk expressed concerns about laws impacting families and companies, prompting the move of both companies.
KUT
SpaceX, the aerospace company founded by Elon Musk, is relocating its headquarters from Hawthorne, California, to Texas. The move is attributed to a new law in California and Musk's personal decisions. The impact on the local economy and workforce remains uncertain.
The Daily Breeze