Core Viewpoint - Nvidia's stock experienced a nearly 1% decline following reports that the company has halted testing of Intel's 18A manufacturing process, indicating potential challenges in its supply chain and production capabilities [1] Group 1: Company Developments - Nvidia has paused testing of Intel's 18A manufacturing process, which is a significant move for the AI chipmaker [1] - The decision to halt testing may impact Nvidia's production timelines and overall strategy in the competitive AI chip market [1] Group 2: Market Reaction - Following the news, Nvidia's stock fell nearly 1%, reflecting investor concerns regarding the implications of the halted testing on future performance [1]

Core Viewpoint - Shares of Agios Pharmaceuticals increased nearly 15% in premarket trading following the FDA's approval for an expanded use of its drug mitapivat, indicating strong investor optimism and potential growth for the company [1] Company Summary - Agios Pharmaceuticals received FDA approval for an expanded indication of mitapivat, which is expected to enhance the drug's market potential and drive revenue growth [1] - The approval is likely to strengthen investor confidence in Agios Pharmaceuticals, as reflected in the significant premarket share price increase [1]

Core Viewpoint - US stocks remained stable on Christmas Eve, with the market opening nearly flat, indicating cautious investor sentiment as the year-end approaches [1] Market Performance - The Dow experienced a slight increase, while the Nasdaq Composite and S&P 500 showed sluggish performance during a shortened trading session [1] - Trading volumes were thin due to the holiday season, reflecting a cautious positioning among investors [1]

Core Viewpoint - Analysts anticipate that the introduction of appetite-suppressing GLP-1 tablets in January will compel packaged food manufacturers and fast-food restaurants to modify their product offerings in the coming year [1] Group 1: Industry Impact - The availability of GLP-1 tablets is expected to influence consumer behavior, leading to a potential decline in demand for traditional packaged foods and fast-food items [1] - Companies in the food sector may need to innovate and reformulate their products to align with changing consumer preferences driven by the new appetite-suppressing medication [1] Group 2: Market Adaptation - Packaged food manufacturers and fast-food eateries are likely to face pressure to adapt their menus and product lines to remain competitive in a market where consumers may seek healthier options [1] - The anticipated shift in consumer demand could lead to significant changes in marketing strategies and product development within the food industry [1]

The Strategy stock price continued its freefall this month and is now hovering at its lowest level since September last year. MSTR stock has plunged by over 70% from its highest level in 2024, even as the S&P 500 and the Nasdaq 100 indices jumped to a record high. ...

Italy has become the latest European regulator to challenge how Big Tech is integrating artificial intelligence into widely used digital platforms. This week, the country's antitrust authority ordered... ...

Shares of Dynavax Technologies jumped sharply in premarket trading on Wednesday after the US vaccine maker agreed to be acquired by French pharmaceutical group Sanofi in an all-cash deal valued at abo... ...

Group 1 - A consortium led by private equity firms KKR and PAG has agreed to acquire Sapporo Holdings' real estate subsidiary in a deal valued at approximately $3 billion [1] - This transaction represents another significant move in the ongoing trend of private equity firms investing in real estate assets [1] - The acquisition highlights the growing interest of private equity in the real estate sector, particularly in high-value assets [1]

Core Insights - Waymo plans to enhance its automated driving software to better handle large-scale power outages, similar to the recent blackout in San Francisco, aiming to minimize delays when multiple vehicles require human oversight [1] Group 1 - The update will focus on improving the management of automated vehicles during power outages [1] - The initiative is a response to challenges faced during the San Francisco blackout, indicating a proactive approach to operational efficiency [1] - The goal is to reduce the need for human intervention in situations where multiple vehicles are affected by outages [1]

Group 1: Company Strategy and Financials - BP has initiated its divestment strategy by selling a majority stake in its Castrol business to Stonepeak Partners for $10.1 billion, expecting to net about $6 billion in cash from the transaction while retaining a minority stake [1][2] - The company aims to unload businesses worth over $20 billion in the coming years as part of its turnaround strategy, which is intended to simplify operations and improve performance [2][3] - BP's recent management change, appointing Meg O'Neill as CEO, is part of this strategy, replacing Murray Aunchincloss, whose previous efforts received mixed reviews from investors [3][4] - In the third quarter, BP reported a replacement cost profit of $2.2 billion and an operating cash flow of $7.8 billion, with plans to reduce net debt to between $14 billion and $18 billion by the end of 2027 [4] Group 2: Market Performance and Technical Analysis - BP's share price has decreased by 10% from its peak in November, currently trading at 427p, amid declining energy prices, with Brent and WTI down by 25% from their highs this year [1][5] - The stock has shown signs of bearish trends, having formed a double-top pattern and moving below key technical indicators, including the 100-day Exponential Moving Average and the 61.8 Fibonacci Retracement level [8][9] - The next key support level for BP's stock price is at the 50% Fibonacci Retracement level of 393p, while a rise above 435p would invalidate the bearish outlook [9]