Alphabet's Waymo said on Wednesday it will begin manual testing of its autonomous vehicles at Newark Liberty International Airport, as the firm looks to bring its robotaxis to one of the three main ai... ...

Core Viewpoint - FirstEnergy exceeded Wall Street profit expectations for the third quarter, driven by increased electricity rates and strong demand from both commercial and residential sectors [1] Company Summary - FirstEnergy reported a profit that surpassed analysts' forecasts for the third quarter [1] - The company's performance was bolstered by higher electricity rates [1] - There was notable demand growth from both commercial and residential customers [1] Industry Summary - The utility sector is experiencing upward pressure on electricity rates, contributing to improved profitability for companies like FirstEnergy [1] - Increased demand in both commercial and residential markets indicates a positive trend in the utility industry [1]

Core Viewpoint - Wireless tower operator Crown Castle has raised its annual site rental revenue forecast for the second time, driven by consistent demand for wireless infrastructure services [1] Company Summary - Crown Castle has increased its revenue forecast, indicating strong performance in the wireless infrastructure sector [1] - The company is benefiting from steady demand, which suggests a robust market environment for wireless services [1] Industry Summary - The wireless infrastructure services industry is experiencing stable demand, contributing to revenue growth for operators like Crown Castle [1]

Lam Research forecast second-quarter revenue above Wall Street estimates on Wednesday, as chipmakers ordered more of its equipment used to manufacture semiconductors for artificial intelligence applic... ...

Core Insights - Brazilian power company Eletrobras is rebranding itself as Axia Energia, which the company states will not affect any existing contractual, business, or regulatory commitments [1] Company Summary - The name change to Axia Energia is part of a strategic move by Eletrobras to possibly enhance its market presence and brand identity [1] - The company reassures stakeholders that the rebranding will not disrupt ongoing operations or obligations [1] Industry Context - The rebranding may reflect broader trends in the energy sector, where companies are increasingly focusing on modernization and sustainability [1]

Textron chief executive Scott Donnelly will be succeeded by insider Lisa Atherton, effective January 4 next year, the aircraft maker said on Wednesday. ...

Core Insights - Moderna has decided to discontinue the development of its experimental vaccine aimed at preventing cytomegalovirus, which is a common cause of birth defects, due to its failure to meet the primary endpoint in a late-stage trial [1] Company Summary - The decision to halt the vaccine development reflects challenges in achieving clinical trial objectives, which may impact the company's pipeline and future research directions [1] - This move indicates a strategic shift for Moderna as it reallocates resources towards more promising projects within its portfolio [1] Industry Context - The discontinuation of the cytomegalovirus vaccine development highlights the difficulties faced by biopharmaceutical companies in bringing new vaccines to market, particularly for diseases that are less prioritized compared to more prevalent health issues [1] - The outcome may influence investor sentiment and market dynamics within the vaccine development sector, as companies navigate the complexities of clinical trials and regulatory approvals [1]

Southwest Airlines surprisingly reported a third-quarter profit on Wednesday, helped by stronger revenue and lower-than-expected operating costs. ...

Citigroup CEO Jane Fraser was elected as chair of board of directors, the bank said on Wednesday. ...

Molina Healthcare on Wednesday cut its annual profit forecast anticipating higher medical care costs to weigh on its results for the rest of the year. ...