Investment bank Oppenheimer has downgraded its rating on Microsoft (MSFT, Financial) from "Outperform" to "Perform," citing overly optimistic expectations for future revenue and earnings. The downgrade primarily stems from anticipated significant losses by Microsoft's AI partner, OpenAI, and the slower-than-expected adoption of AI technology by enterprises, potentially leading to lower-than-expected related revenue.Analyst Timothy Horan highlighted concerns that OpenAI, in which Microsoft holds a 49% stake, ...

Boeing (BA, Financial) faces a significant threat to its credit rating from S&P due to an ongoing strike. The credit rating agency warns that Boeing could be downgraded to junk status. The strike is costing Boeing an estimated $1 billion per month. S&P expects Boeing to burn through $10 billion in cash by 2024, assuming the strike concludes in the fourth quarter. As a result, the company's year-end cash balance is expected to be below its target of $10 billion.Boeing currently holds a "BBB-" issuer credit r ...

Chevron (CVX, Financial) is negotiating with Tokyo Gas for the sale of its natural gas assets in eastern Texas, potentially valuing the deal at up to $1 billion, according to insiders. This transaction focuses on Chevron's holdings within the Haynesville Shale field. Tokyo Gas aims to boost its access to U.S. fuel reserves, essential for Japan's energy supply given its reliance on imported fossil fuels.In December, Tokyo Gas expanded its presence in the Haynesville Basin by acquiring Rockcliff Energy for $2 ...

Baidu is reportedly preparing to launch its autonomous taxi service, Apollo Go, outside of China. According to informed sources, the company is in talks with foreign automakers, ride-hailing platforms, and other tech companies to deploy Apollo Go through local partners. The specifics regarding the timing and locations for these overseas joint ventures have not been finalized yet. ...

Meta Platforms Inc. (META, Financial) is refining its strategy on Facebook by introducing a full-screen video tab to cater to increased video consumption on the platform. This initiative aims to provide an immersive viewing experience while offering new advertising opportunities. The announcement comes as over 60% of user engagement on Facebook and Instagram revolves around video content.To support this shift, Meta has launched a variety of new video ad formats, such as standalone video ads, carousel ads, i ...

General Motors' Chief Financial Officer, Paul Jacobson, announced during an investor day event that the company anticipates its adjusted earnings in 2025 to be similar to the current year's results. GM's adjusted earnings before interest and taxes (EBIT) target for 2024 is set between $13 billion and $15 billion, translating to $9.50 to $10.50 per share. This is an increase from the previous estimate of $12.5 billion to $14.5 billion, or $9 to $10 per share.Meeting the 2024 target and achieving similar earn ...

Following Nvidia's (NVDA, Financial) previous earnings report, Wall Street speculated that the company's performance might not significantly exceed expectations as it had in recent quarters. However, Cantor Fitzgerald analyst C.J. Muse believes Nvidia holds significant potential to outperform in the chip industry. Muse and his team see Nvidia as having the greatest "upside potential" among the companies they cover.The anticipated driver of Nvidia's potential outperformance is the upcoming launch of its Blac ...

NVIDIA (NVDA, Financial) has showcased its latest energy-efficient AI chips at the "AI Summit DC" in Washington D.C., leading to a stock surge of over 4%, marking a three-month high. The company highlighted that its Blackwell chips, introduced this year, allow the development of OpenAI's GPT-4 with just 3 GW of power, a significant reduction from the 5500 GW needed a decade ago.NVIDIA's Vice President emphasized the company's focus on energy efficiency with the Blackwell platform. NVIDIA also revealed advan ...

Boeing (BA, Financial) is reportedly considering raising billions through stock and similar securities issuance to prevent its credit rating from being downgraded to junk status. The company has received financing proposals from investment banks like Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup, suggesting various options like common stocks, mandatory convertible bonds, and preferred stocks.According to sources, the proposed funding could be around $10 billion. These hybrid bonds can be vie ...

Core Insights - Soleno Therapeutics (SLNO) experienced a stock price increase of 9.11%, significantly outperforming the S&P 500 index, which gained less than 1% [1] Regulatory Developments - The FDA announced that it will not require an advisory committee meeting for the New Drug Application (NDA) for diazoxide choline (DCCR) tablets, aimed at treating Prader-Willi Syndrome, indicating a potentially smoother approval process [2] - The FDA's decision regarding the drug is expected by December 27, benefiting from priority review status and breakthrough-therapy designation [2] Financial Analysis - The current stock price of Soleno Therapeutics is $51.97, reflecting recent price appreciation [3] - Despite the positive stock performance, there are warning signs such as insider selling and a low Piotroski F-Score, which typically indicates poor business operations [3] - The company maintains strong financial health with sufficient cash to cover its debt, contributing to a stable financial situation [3] Valuation Insights - Soleno's GF Value cannot be evaluated due to insufficient data [4] - The stock is near its three-year high, and the potential for expedited FDA approval presents a consideration for investors to balance regulatory news against existing financial risks and warning signs [4]