Core Viewpoint - A class action lawsuit has been filed against ICON Public Limited Company for alleged violations of federal securities laws, specifically regarding misleading statements about its business performance and customer engagements [1] Group 1: Lawsuit Details - The lawsuit pertains to shareholders who purchased ICON's securities between July 27, 2023, and October 23, 2024 [1] - Allegations include that ICON misrepresented its business stability, claiming it did not suffer losses due to customer funding limitations [1] - The company's Functional Service Provision (FSP) and hybrid models were ineffective in mitigating market downturn impacts [1] Group 2: Customer Behavior - Customers reportedly used Requests for Proposals (RFPs) as a pricing tool rather than a genuine demand indicator [1] - There were cancellations of contracts and reductions in engagements as existing agreements concluded [1] - ICON's two largest clients began diversifying their Clinical Research Organization (CRO) providers by incorporating competitors [1]

Honda is dialing back its ambitious EV push and doubling down on hybrids amid slowing demand. On Tuesday, CEO Toshihiro Mibe said the automaker would cut its EV investment by 30% from $69 billion (10 trillion yen) to $48.4 billion (7 trillion yen) through the 2031 fiscal year. The move is aimed at stabilizing Honda's future in a slowing EV market.The Japanese company will focus on ramping up its hybrid lineup, citing "changes in environmental regulations" and "a slowdown in EV market expansion" as key driv ...

Ford (F) is slated to release first-quarter 2025 results on May 5, after market close. The Zacks Consensus Estimate for the to-be-reported quarter’s EPS and automotive revenues is pegged at breakeven and $35.5 billion, respectively.The earnings estimate for the to-be-reported quarter has moved up by 2 cents over the past seven days. In the year-ago period, the company reported EPS of 49 cents. The Zacks Consensus Estimate for quarterly revenues suggests an 11% decline from the year-ago quarter’s figure. Ima ...