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Hubbell lifts 2025 profit outlook on electrical equipment demand
Reuters· 2025-10-28 12:10
Group 1 - The company raised its forecast for 2025 adjusted profit, indicating confidence in future performance [1] - The increase in profit forecast is attributed to strong demand for electrical equipment, particularly from data centers [1]
ORACLE says there is real value in AI as demand far outpaces supply
Reuters· 2025-10-28 12:05
Oracle CEO Mike Sicilia said on Tuesday that he is not concerned about an "AI bubble," adding that there is real value in artificial intelligence as demand far outpaces supply. ...
Adobe reworks its apps for AI assistants, pursues ChatGPT integration
Reuters· 2025-10-28 12:04
Adobe said on Tuesday its video and image editing tools can be controlled by chatting with them, adding that it is working with ChatGPT creator OpenAI to let users directly control one of its apps wit... ...
Incyte boosts annual sales forecast of blood cancer drug after strong quarter
Reuters· 2025-10-28 12:02
Core Insights - Incyte Corp has raised its annual sales forecast for Jakafi, a blood cancer treatment, due to strong demand that exceeded Wall Street estimates for the third quarter [1] Financial Performance - The company reported robust demand for Jakafi, leading to a positive financial outlook [1] - The updated sales forecast reflects confidence in the drug's market performance [1]
IQVIA narrows annual profit forecast amid continued research contract cancellations
Reuters· 2025-10-28 11:53
Core Viewpoint - IQVIA Holdings has narrowed its annual profit forecast, reducing the upper end of its outlook due to expected ongoing cancellations of research contracts from pharmaceutical clients [1] Company Summary - The company anticipates that the trend of contract cancellations will continue into the future, impacting its financial performance [1] Industry Summary - The pharmaceutical industry is facing challenges that are leading to a reduction in research contracts, which may affect companies like IQVIA Holdings that rely on these contracts for revenue [1]
Tesla CEO Musk's partisan politics cost automaker over 1 million EV sales, report shows
Reuters· 2025-10-28 11:48
Tesla CEO Elon Musk's polarizing political actions since acquiring Twitter, later rebranded X, in 2022 dramatically hurt the automaker's U.S. sales, underscoring how deeply its fortunes are intertwined with the billionaire's persona. ...
NextEra Energy beats third-quarter profit estimates
Reuters· 2025-10-28 11:37
NextEra Energy beat Wall Street estimates for third-quarter adjusted profit on Tuesday, helped by strength in its renewables unit and increased power demand. ...
Regeneron beats quarterly estimates on strong demand for Dupixent
Reuters· 2025-10-28 11:30
Core Insights - Regeneron Pharmaceuticals exceeded Wall Street expectations for its third-quarter results, driven by robust demand for its eczema treatment, Dupixent, and cancer treatment, Libtayo [1] Financial Performance - The strong performance in the third quarter was primarily attributed to the sales growth of Dupixent and Libtayo, indicating a positive trend in the company's product portfolio [1] Market Reaction - Following the announcement of the earnings report, Regeneron's shares experienced an upward movement, reflecting investor confidence in the company's growth prospects [1]
Trump says he will meet Nvidia CEO on Wednesday
Reuters· 2025-10-28 11:29
Core Insights - U.S. President Donald Trump is scheduled to meet with Nvidia Chief Executive Jensen Huang on Wednesday [1] Company Summary - The meeting indicates a potential focus on Nvidia's role in the technology sector and its implications for U.S. economic policy [1]
Saudi AI firm Humain partners with Google, eyes deal with AWS
Reuters· 2025-10-28 11:24
Core Insights - Humain, a Saudi AI firm, has established a partnership with Google and is exploring a significant collaboration with Amazon Web Services [1] Company Summary - Humain's CEO, Tareq Amin, announced the partnership with Google, indicating a strategic move to enhance its AI capabilities [1] - The potential collaboration with Amazon Web Services suggests that Humain is looking to expand its technological infrastructure and service offerings [1]