Welcome to this week's coverage of key developments in the US markets.
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01 Aug, 2022
Earnings robust despite industry wide ad slowdown
Earnings surpass estimates
Merger would boost Specialty drugs
Higher costs offset by rising volumes
Enhances and strengthens platform strategy
Paves way for the EV offering soon
Trials show Covid-19 vaccination effective for those under 5
Announces a hiring spree and expands production
Broadcom Inc.: Mega Deal to Boost Software Division
The Wizard of Omaha sees opportunity
Bets on Cigarette alternatives
Return of travellers boosts top line
To supply liquid hydrogen to the retailer
Sees faster growth in the premium segment
Ups the Ante to challenge Frontier Group
The Tesla founder joins Twitter board
Stays strong despite supply constraints
Effectiveness shown in children under 5 years
20-1 Split to boost retail ownership
Acquisition to boost cloud business
Sees strong earnings growth
Acquires bank software maker
Revenues jump despite restaurants reopening
Replaces CEO in a bid to get back in shape
Acquires Bungie to strengthen franchise
Signs a multi-year license to manufacture Disney toys
Acquires one of the largest game publishers to target the growing market
Acquires the maker of popular mobile franchises to boost presence
Plans to develop a marketplace for NFTs
Activist investment firm plans to push for growth
Exits consumer business in the Philippines
Launches a variety of flavored hard sodas to take on the competition.
Signs deal with Google to keep YouTube on the platform
Third quarter revenues more than double
To offer educational content and virtual brands
Manages to overcome supply chain issues
Plans to spinoff businesses to unlock value
Plans a digital marketplace and ties up with Kroger
Renames itself Meta reflecting ambitions beyond social media
Utilizes multiple strategies to handle supply-chain bottlenecks
Forms alliances with Airbus and Phillips 66 for green energy adoption
Revamps with an eye on the future after bankruptcy
Launches a new oral antiviral and announces major acquisition
Acquires MUFG Union bank to become top player in the region
Teams up with Instacart for 30-minute grocery delivery
Eyes Europe and India
Growth strong despite easing restrictions
Plans to add crypto assets to balance sheet
FDA full approval and booster dose would raise profits.
Disney adds 15 million subscribers during the quarter.
Intel plans 5 new generations of CPUs chips by 2025, one every year.
Cemex expects cement demand to spike with Biden’s infrastructure plan.
Mercado Libre ties up with BigCommerce for cross-border selling.
Netflix hires a veteran gaming executive, signaling a foray into video games.
Better inventory management aids sales
A prelude to the space tourism saga
Microsoft launched Windows 11 on the 24th of June, a long due upgrade from the previous version
Partners with BAIC to build driverless cars.
The FDA approved Biogen’s Alzheimer drug, a path breaking but controversial move.
Deere reiterated its focus on agrotech investments, which could prove to be a gamechanger.
Ford outlined ambitions to lead the electric revolution, boosting spending on its electrification efforts by more than a third.
AT&T announced a deal to combine WarnerMedia, its content unit, with Discovery into a new company that could be valued at as much as $150billion.
Boeing received approval from Federal Aviation Administration (FAA) for a fix of an electrical issue that had grounded 737 Max planes.
Amazon CEO Jeff Bezos sold nearly $2.4 billion worth of the company’s shares as part of a pre arranged trading plan.
The company posted outstanding set of Q1 numbers, including a 110% increase in revenues over last year.
US Regulator allowed resumption of Johnson & Johnson vaccine after initially stopping the rollout earlier this month over concerns regarding potential blood clots.
Chinese regulator imposed a fine of $2.78 Billion on Alibaba, much lower than street expectations, ending months of uncertainty.
Global payments giant announced that it processed one billion contactless payments since the limits were increased in Europe.
The world's largest contract chip manufacturer announced record capital expenditure plans to increase its semiconductor output.
