Core Viewpoint - A class action lawsuit has been filed against Elevance Health, Inc. for allegedly failing to disclose the impact of Medicaid redetermination on its business prospects, leading to significant financial misrepresentation [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Elevance Health misled investors by stating they were monitoring Medicaid cost trends and that their premium negotiations were sufficient, despite rising Medicaid expenses [2]. - The company acknowledged rising Medicaid expenses but assured investors that these were adequately reflected in their financial guidance, which was later proven inaccurate as the acuity and utilization of Medicaid members increased significantly [2]. - Following the company's admission of increased Medicaid utilization on July 17, 2024, Elevance's stock price dropped by $32.21 per share, or 5.8%, indicating a negative market reaction to the news [3]. Group 2: Class Action Participation - Shareholders interested in participating in the class action must file their papers by July 11, 2025, to serve as lead plaintiff, representing the interests of other class members [4]. - Shareholders are not required to participate in the case to be eligible for recovery, allowing them to remain absent class members if they choose [4]. Group 3: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for representation in the lawsuit [5].

President Trump and Elon Musk falling into an intense feud over the president's major tax and spending bill. What was surprising about it was just the idea that it came so quickly, right. I mean, Elon Musk was in the Oval Office with the president a week before this blow up.He happens to be a really good person. I'm very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here. All of a sudden, he had a problem and he only developed the problem when he found out ...

Donald Trump made a lot of big promises on the campaign trail. He was going to end the war in Ukraine on day one and the war in Gaza. He was going to ink a nuclear deal with Iran and defend American trade.But we are nearly 5 months into this administration. Not one of those things has happened, but the world doesn't seem to be waiting to see if it ever will. Ukraine and Israel are calling their own shots now.nuclear talks with Iran are in limbo and the US has less than a month to negotiate dozens and dozens ...

Want to go back to Washington now. Our Aean Javvers has more. Aean, Scott, a couple of updates here from Israel and then also from the United Nations Security Council uh which is meeting now.From Israel first uh the IDF, the Israeli Defensive Forces are defense forces are saying uh to Israeli uh citizens that they can leave their secured facilities for now. The guidance they're giving to the Israeli public is stay close though to those bomb shelters and other secure areas. uh but you can go and and move abo ...

Core Insights - Abercrombie & Fitch Co. (ANF) experienced an 11% drop in shares after releasing its first-quarter fiscal 2025 results, underperforming compared to the Zacks Retail - Discount Stores industry and the broader S&P 500 [1][3] Financial Performance - The company reported an earnings per share (EPS) of $1.59, exceeding the Zacks Consensus Estimate of $1.35, and achieved record sales of $1.1 billion, reflecting an 8% year-over-year increase [3][5] - Despite strong revenue growth, EPS declined by 25.7% compared to $2.14 in the same quarter last year, and gross margin contracted by 440 basis points to 62% due to inflationary pressures and higher selling expenses [5][10] Brand Performance - The Hollister brand showed robust growth with a 22% increase in sales and 23% comparable sales gains, while the Abercrombie brand faced a 4% decline in sales and a 10% drop in comparable sales [6][9] - The Abercrombie brand's underperformance is concerning as it constitutes nearly 50% of the company's total sales, posing a strategic risk [9][12] Guidance and Market Sentiment - Management raised sales growth expectations for fiscal 2025 to 3-6% but lowered EPS guidance to $9.50-$10.50 from $10.40-$11.40, indicating potential profitability challenges in the second half of the fiscal year [10][19] - The Zacks Consensus Estimate for EPS has seen downward revisions, with a 6.2% decline to $10.28 for fiscal 2025 over the past 30 days [17][19] Strategic Initiatives - The company is focusing on long-term growth through brand evolution, international expansion, and enhancing omni-channel capabilities, including plans to open 60 new stores and remodel 40 in fiscal 2025 [11][12] - Abercrombie's brand portfolio revitalization, particularly the success of Hollister, is a key strength, with eight consecutive quarters of growth [12][18] Valuation - ANF is currently trading at a forward 12-month P/E ratio of 7.57X, significantly below the industry average of 17.85X and the S&P 500's average of 22.02X, indicating a potential buying opportunity despite investor concerns [13][16]

Joining me now, MSNBC legal analyst and former US attorney Joyce Vance and MSNBC political analyst and Pulitzer Prizewinning journalist Eugene Robinson. Joyce, I'll start with you. The ruling on Trump's use of the National Guard in California, where do you think it goes from here and what does it tell us about writing precedent in real time? Right. So, it's an amazing opinion written by Justice Brier. I know people were disappointed early on when he took two days to set a hearing rather than immediately iss ...

More breaking news overnight. An appeals court pausing a lower court's ruling that gave control of the California National Guard back to Governor Gavin Newsome. That means President Trump will be able to keep the California National Guard active on the streets of Los Angeles for now as more immigration and Trump protests are planned over the weekend.And that legal battle plays out at there as there's new fallout after this dramatic scene. Democratic Senator Alex Padilla of California forcibly grabbed and re ...

situation in the Middle East. The president attending a National Security Council meeting this hour. Let's bring in our Megan Casella live outside the white House for the latest.Megan, as he has spent at least part of the morning calling around to the various networks. >> He definitely has Carl. And that national security meeting.That is the only event that we know of on the president's schedule so far. Today. He is back in the Situation Room with his national security team this hour.After they spent the ev ...

Core Insights - The analysis of NetApp's international operations is crucial for understanding its financial strength and growth potential, especially given its global presence [1][2] Group 1: International Revenue Performance - NetApp's total revenue for the quarter ending April 2025 reached $1.73 billion, reflecting a 3.8% increase from the same quarter last year [4] - Revenue from Europe, Middle East, and Africa (EMEA) accounted for 34.01% of total revenue, amounting to $589 million, which was a slight surprise compared to analyst expectations [5] - Asia Pacific contributed $254 million, or 14.67% of total revenue, which was below analyst expectations, indicating a -3.77% surprise [6] Group 2: Future Revenue Projections - Analysts project NetApp's revenues for the ongoing fiscal quarter to be $1.55 billion, a 0.3% increase from the previous year, with expected contributions from EMEA and Asia Pacific being $577.71 million and $263.03 million, respectively [7] - For the full fiscal year, total revenue is expected to reach $6.76 billion, representing a 2.8% increase year-over-year, with EMEA and Asia Pacific projected to contribute $2.42 billion and $1.1 billion, respectively [8] Group 3: Market Dependency and Stock Performance - NetApp's reliance on international markets for revenue presents both opportunities and challenges, making the monitoring of overseas revenue trends essential for predicting future performance [9] - The stock has increased by 3.1% over the past month, slightly underperforming compared to the Zacks S&P 500 composite's 3.6% rise, while the Zacks Computer and Technology sector has seen a 7.4% increase during the same period [13]

Core Viewpoint - ESGL Holdings Limited has received shareholder approval for its business combination with De Tomaso Automobili, aiming to enhance growth opportunities and shareholder value [1][2][3]. Group 1: Shareholder Approval - All proposals related to the business combination were approved by ESGL shareholders during the Extraordinary General Meeting held on June 10, 2025 [2]. - The proposals included the expansion of authorized share capital, potential share consolidation, a proposed name change, adoption of a revised charter, and authority to adjourn the meeting for maximum shareholder support [8]. Group 2: Strategic Implications - The Chairman and CEO of ESGL expressed confidence that the transaction will unlock new growth opportunities and expand the company's presence across various industries and markets [3]. - The company is actively working with Nasdaq to complete the listing review process and fulfill remaining closing conditions [3]. Group 3: Next Steps - The completion of the business combination is still subject to Nasdaq's approval and other customary closing conditions [2][3]. - Further updates will be provided as material developments occur [4].