GENFIT: June 17, 2025 Combined Shareholders Meeting Results
Globenewswire· 2025-06-17 18:30
Core Viewpoint - GENFIT, a biopharmaceutical company focused on rare and life-threatening liver diseases, successfully held its Combined Shareholders Meeting on June 17, 2025, where all resolutions were approved except for one [1]. Company Overview - GENFIT is dedicated to improving the lives of patients with unmet medical needs related to rare liver diseases, with over two decades of experience in liver disease research and development [3]. - The company has a diversified and expanding R&D portfolio, particularly focusing on Acute-on-Chronic Liver Failure (ACLF) with five assets under development: VS-01, G1090N, SRT-015, CLM-022, and VS-02-HE [3]. - GENFIT also targets other serious diseases, including cholangiocarcinoma (CCA), urea cycle disorder (UCD), and organic acidemia (OA) [3]. - The company has demonstrated its expertise in drug development with the accelerated approval of Iqirvo (elafibranor) for Primary Biliary Cholangitis (PBC) by major regulatory agencies [3]. - In addition to therapies, GENFIT has a diagnostic franchise focusing on metabolic dysfunction-associated steatohepatitis (MASH) and blood ammonia levels [3]. Shareholder Meeting Results - The quorum for the meeting was 27.21%, and all resolutions were approved except for resolution n°28, which was rejected based on the Board of Directors' recommendations [1]. - Detailed voting results for each resolution are available on the company's website [2].
Why T-Mobile Stock Fell Today
The Motley Fool· 2025-06-17 18:27
Shares of telecom leader T-Mobile US (TMUS -4.33%) sank as much as 4.6% today, before rebounding to a 4% decline as of 1 p.m. ET.Shares fell on news that major investor SoftBank sold a large block of T-Mobile shares. However, looking at SoftBank's other business endeavors, it's probably not too much of a concern for T-Mobile shareholders.Masayoshi Son likely needs some cashToday, Bloomberg reported that SoftBank sold about $4.8 billion shares of T-Mobile, totaling 21.5 million shares at a price of $224 per ...
Lululemon, UNH, Enphase: Bad News, Good Opportunity?
MarketBeat· 2025-06-17 18:27
Group 1: Lululemon Athletica - Lululemon Athletica is experiencing margin compression despite growth, leading to price target reductions from analysts [1][3] - The current stock price is $239.29, with a 12-month price forecast of $340.26, indicating a potential upside of 42.20% [1][2] - The company maintains an 18% operating margin, supporting a healthy balance sheet and business investment [3] Group 2: UnitedHealth Group - UnitedHealth Group's stock has faced significant declines due to regulatory, legal, and margin issues, resulting in drastic price target reductions [5][6] - The current stock price is $308.22, with a 12-month price forecast of $426.52, suggesting a potential upside of 38.38% [5][6] - Institutional ownership is high at approximately 87%, with solid buying activity in Q2, indicating potential stability [8] Group 3: Enphase Energy - Enphase Energy is challenged by potential cuts to subsidies for alternative energy under the Trump administration, impacting revenue and earnings outlook [10][11] - The current stock price is $33.80, with a 12-month price forecast of $67.07, indicating a potential upside of 98.41% [10] - Institutional interest is significant, with over 70% ownership, but recent selling trends suggest a continued downtrend unless favorable news emerges [12]
Is ARM's 22% Plummet Over a Year Offering a Fair Price for the Stock?
ZACKS· 2025-06-17 18:26
Core Insights - ARM Holdings plc (ARM) stock has declined 22% over the past year, contrasting with the broader industry's growth of 4.3% [1][7] - The current weakness in ARM shares raises questions about the timing for potential investment [2] Group 1: Company Strengths - ARM's core strength lies in its power-efficient chip architecture, which is essential for its leadership in mobile computing [3] - Major companies like Apple, Qualcomm, and Samsung rely on ARM's designs for their energy-saving devices, solidifying ARM's role in mobile innovation [4] - ARM is becoming a foundational player in AI and IoT, with its architecture being increasingly utilized for AI-driven innovations across various sectors [5][8] Group 2: Growth Challenges - ARM faces significant risks due to its exposure to China, where sluggish growth and the rising adoption of RISC-V technology threaten its market position [9][10] - The company's potential move into producing its own CPUs could alienate key clients, creating tension and jeopardizing existing licensing revenues [11][12] Group 3: Financial Outlook - Analyst sentiment has turned cautious, with five downward revisions to ARM's first-quarter fiscal 2025 earnings estimates over the past 60 days, indicating potential near-term pressure [13][16] - The Zacks Consensus Estimate for earnings has dropped by 15%, reflecting concerns over revenue and margin performance [16] - ARM's stock is currently trading at elevated valuations, with a forward P/E ratio of 73.36 and an EV/EBITDA ratio of 103.73, significantly higher than industry averages [17][18]
Fifth Third Rewards Shareholders With New Share Repurchase Program
ZACKS· 2025-06-17 18:26
Core Viewpoint - Fifth Third Bancorp (FITB) has approved a new share repurchase authorization of up to 100 million shares, replacing the previous authorization of 11.8 million shares, providing flexibility for stock buybacks without a set expiration or price limit [1][2][7] Group 1: Share Repurchase Program - The new repurchase authorization allows for buybacks through open-market transactions or privately negotiated transactions, including Rule 10b5-1 programs [2] - The repurchase program can be modified, suspended, or discontinued based on market conditions and legal requirements [2] Group 2: Dividend Actions - In September 2024, FITB announced a 5.7% increase in its quarterly dividend to 37 cents per share, marking the fourth increase in the last five years [3] - The company has a payout ratio of 44%, and with a closing price of $38.32, the annualized dividend yield stands at 3.86% [3] Group 3: Financial Position - As of March 31, 2025, FITB had cash and due from banks totaling $17.9 billion, with total debt at $19.9 billion and short-term borrowings of $5.5 billion [4] - The common equity tier (CET) 1 ratio was reported at 10.45%, indicating room for enhancing capital distribution plans [4][5] Group 4: Market Performance - Over the past year, FITB shares have gained 6.2%, while the industry has seen a growth of 17.8% [6] - Currently, FITB holds a Zacks Rank of 3 (Hold) [8]
Are PG's Beauty and Health Units Driving the Next Leg of Growth?
ZACKS· 2025-06-17 18:26
Key Takeaways PG plays a key role in global health and beauty through innovative daily-use products. PG aims to deliver superior-quality assortments across its global health and beauty product portfolio. PG doubles down on beauty innovation and brand equity to weather volatility and build long-term value.The Procter & Gamble Company (PG) plays a pivotal role in enhancing health and beauty through its product innovations and purpose-driven corporate social responsibility (CSR) efforts to ensure global well ...
Cloud3 Ventures Aligns Fully with LIF3 as Founding Infrastructure Partner, Accelerating AI + Clean Energy Vision
Newsfile· 2025-06-17 18:23
Cloud3 Ventures Aligns Fully with LIF3 as Founding Infrastructure Partner, Accelerating AI + Clean Energy VisionJune 17, 2025 2:23 PM EDT | Source: Cloud3 Ventures Inc.Toronto, Ontario--(Newsfile Corp. - June 17, 2025) - Cloud3 Ventures Inc. (CSE: CLDV) (OTCQB: CLDVF) (FSE: WQ40) ("Cloud3 Ventures" or the "Company") today announced its full strategic alignment with LIF3, the next-generation protocol pioneering the convergence of artificial intelligence, blockchain, and clean energy. As LIF3's ...
AI will shrink Amazon's workforce in the coming years, CEO Jassy says
CNBC· 2025-06-17 18:18
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.Amazon CEO Andy Jassy said Tuesday that the company's corporate workforce will shrink in the coming years as it adopts more generative artificial intelligence tools and agents."We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs," Jassy said in a memo to emp ...
Meta to release smart glasses with Oakley and Prada, extending Luxottica partnership
CNBC· 2025-06-17 18:12
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel OrbegozoMeta and EssilorLuxottica plan to release versions of their AI-powered smart glasses under the Oakley and Prada brands, CNBC has learned.The addition of Prada and Oakley underscore the breakout success Meta had with its second-generation Ray-Ban glasses released in partnership with Luxottica in 2023. The Oakley expansion ...
ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Reckitt Benckiser Group PLC Investors to Secure Counsel Before Important Deadline in Securities Class Action – RBGLY
GlobeNewswire News Room· 2025-06-17 18:11
NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of American Depositary Shares (“ADSs”) of Reckitt Benckiser Group PLC (OTC: RBGLY) between January 13, 2021 through July 28, 2024, both dates inclusive (the “Class Period”), of the important August 4, 2025 lead plaintiff deadline. SO WHAT: If you purchased Reckitt ADSs you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangeme ...