The telecom said it plans to deliver steady revenue and earnings growth in coming years, as it aims to expand its digital services and gain exposure to defense markets. ...

TOKYO (AP) — Japanese video-game maker Nintendo’s net profit jumped 85% in April-September from the year before, as its sales more than doubled following the launch of its hit Switch 2 console in June, the company said Tuesday. Nintendo, based in Japan’s ancient capital of Kyoto, said its profit for the half-year totaled 198.9 billion yen, or $1.3 billion, up from 108.6 billion yen the year before. Sales for the first half of this fiscal year rose to nearly 1.1 trillion yen ($7.1 billion) from 523 billio ...

China’s biggest refiner, Sinopec, has set up a venture with South Korea’s LG Chem to develop sodium-ion batteries for the storage industry and for “low-speed” electric vehicles, the company said. This is the first foray of Sinopec in the battery industry. LG Chem said, as quoted by Korean media, that sodium-ion batteries have a number of advantages over alternatives, such as abundant raw materials, lower production costs, and slower degradation rates at low temperatures compared with lithium-ion batteries ...

Palantir Technologies Inc. raised its annual revenue forecast after reporting a stronger-than-expected third quarter, but shares of the data analytics firm fell in extended trading as investors questioned whether the company's rich valuation can be justified. The company said late Monday that revenue climbed 63% from a year earlier to $1. ...

Pfizer Inc. (NYSE:PFE) will release earnings results for the third quarter before the opening bell on Tuesday, Nov. 4.Analysts expect the health care company to report quarterly earnings at 64 cents per share, down from $1.06 per share in the year-ago period. The consensus estimate for Pfizer’s quarterly revenue is $16.52 billion, down from $17.7 billion a year earlier, according to Benzinga Pro.On Friday, Pfizer filed a lawsuit against Metsera, Inc. (NASDAQ:MTSR), its Board of Directors, and Novo Nordisk ( ...

Pfizer Inc. (NYSE:PFE) will release earnings results for the third quarter before the opening bell on Tuesday, Nov. 4.Analysts expect the health care company to report quarterly earnings at 64 cents per share, down from $1.06 per share in the year-ago period. The consensus estimate for Pfizer’s quarterly revenue is $16.52 billion, down from $17.7 billion a year earlier, according to Benzinga Pro.On Friday, Pfizer filed a lawsuit against Metsera, Inc. (NASDAQ:MTSR), its Board of Directors, and Novo Nordisk ( ...

Group 1 - The company anticipates a decrease in the adjusted operating margin for its Primark business in the upcoming year [1] - This expectation follows a slowdown in sales at the clothing retailer [1]

Core Insights - Sinopec and LG Chem have signed a joint development agreement to collaborate on sodium-ion battery materials, focusing on applications in energy storage systems and low-speed electric vehicles [1][2][4] - The partnership aims to accelerate the commercialization of sodium-ion battery technologies and expand into new energy and high-value materials sectors in the future [1][3] Industry Overview - Sodium-ion batteries present advantages over lithium-ion batteries, including better resource accessibility, cost efficiency, enhanced safety, and faster charging performance [3] - The sodium-ion battery market in China is projected to grow from 10 GWh in 2025 to 292 GWh by 2034, indicating an average annual growth rate of approximately 45% [3] - By 2030, China is expected to account for over 90% of global sodium-ion battery production [3] Company Statements - Sinopec's Chairman, Hou Qijun, emphasized the strategic cooperation with LG Chem will enhance technological capabilities and market competitiveness, contributing to global energy transition and sustainable development [5] - LG Chem's CEO, Shin Hak-Cheol, highlighted the partnership's role in advancing next-generation battery materials and aligning with customer strategies in the electric mobility market [5]

Group 1 - The Alger AI Enablers & Adopters ETF (ALAI) is an actively managed exchange-traded fund aimed at providing investors exposure to companies involved in AI technologies development, adoption, and utilization [1] - The investment strategy emphasizes a comprehensive view of the investment ecosystem rather than evaluating companies in isolation [1] Group 2 - Michael Del Monte, a buy-side equity analyst with over 5 years of experience, is associated with the fund and has a background in various industries including Oil & Gas, Information Technology, and consumer discretionary [1]

LIVE Dow Futures Drop. Wall Street Questions AI Valuations. Last Updated: 2 hours ago The U.S. Treasury lowered the fourth-quarter borrowing estimate by $21 billion to $569 billion, "primarily due to the higher beginning-of-quarter cash balance, partially offset by lower projected net cash flows," it said. U.S. Treasury Yields Decline After Lowered Borrowing Estimate By Emese Bartha, Dow Jones Newswires U.S. Treasury yields were falling in early trade, with U.S. quarterly borrowing in focus. The borrowing e ...