Intuit Inc. (NASDAQ:INTU) NASDAQ Investor Conference June 11, 2024 5:00 AM ET Company Participants Sandeep Aujla - CFO Conference Call Participants Joseph Gallo - Jefferies Joseph Gallo Hi, everyone. Joe Gallo. I'm delighted to have Sandeep Aujla, CFO, at Intuit. He's been at Intuit for almost a decade now. Really appreciate you joining us here today. Sandeep Aujla Thank you for having me, Joe. Joseph Gallo I think most people probably know what you guys do, but since it is a room of generalists, maybe just ...

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) Goldman Sachs 45th Annual Global Healthcare Conference June 11, 2024 8:00 AM ET Company Participants Ryan Crowe - Head of IR Chris Fenimore - CFO Conference Call Participants Salveen Richter - Goldman Sachs Salveen Richter Good morning, everyone. Thank you for joining us and welcome to Day 2 of the Goldman Sachs Healthcare Conference. We're really pleased to have the Regeneron team with us. We have Chris Fenimore, CFO; and Ryan Crowe, Head of IR. Question-and-An ...

NXP Semiconductors N.V. (NASDAQ:NXPI) NASDAQ Investor Conference Conference Call June 11, 2024 4:00 AM ET Company Participants Kurt Sievers - President & CEO Bill Betz - CFO Conference Call Participants Blayne Curtis - Jefferies Blayne Curtis Go ahead and get started. And I'm Blayne Curtis, recently joined Jefferies, covering U.S. Semiconductor, Semi Cap Equipment. I've known NXP for a very long time. Very happy to have Kurt Sievers, the President and CEO; as well as Bill Betz, who's the CFO. Welcome both o ...

KLA Corporation (NASDAQ:KLAC) NASDAQ Investor Conference Call June 11, 2024 6:15 AM ET Company Participants Oreste Donzella - Executive Vice President of Electronics, Packaging and Components Conference Call Participants Unidentified Analyst Join Jefferies for next up. Very happy to have Oreste Donzella from KLA, who runs their – they call their EPC Group, Electronics, Packaging and Components, very hot area within the capital equipment market. He is going to run through a deck, and then after, if we have s ...

Okta, Inc. (NASDAQ:OKTA) NASDAQ Investor Conference June 11, 2024 4:30 AM ET Company Participants Brett Tighe - Chief Financial Officer Dave Gennarelli - VP of IR Conference Call Participants Joseph Gallo - Jefferies Joseph Gallo Hi, I’m Joe Gallo. I lead Cyber Research at Jefferies. Thank you all for attending. Today we are delighted to have Brett Tighe, CFO at Okta. He's been there for almost a decade. Before that he was also at salesforce.com, for I believe, 11 years in various finance roles. And then we ...

Eli Lilly and Company (NYSE:LLY) Goldman Sachs 45th Annual Global Healthcare Conference June 10, 2024 4:00 PM ET Company Participants Patrik Jonsson - Executive Vice President, President of Lilly Diabetes and Obesity and Lilly USA Conference Call Participants Chris Shibutani - Goldman Sachs Chris Shibutani Okay, let's get underway here for the Lilly session. One of the most and highly anticipated and we're so appreciative of the entire Lilly team that's here. Lauren Zierki from Investor Relations is always ...

Moderna, Inc. (NASDAQ:MRNA) Goldman Sachs 45th Annual Global Healthcare Conference June 10, 2024 1:20 PM ET Company Participants Stephen Hoge - President Conference Call Participants Salveen Richter - Goldman Sachs Salveen Richter Great. Good afternoon, everyone. Thank you so much for joining us. Really pleased to have Stephen Hoge, President of Moderna with us this morning. Stephen Hoge Thanks for having us. Question-and-Answer Session Q - Salveen Richter After having just announced some news today on the ...

Company and Industry Overview * **Company**: Coinbase Global, Inc. (NASDAQ:COIN) * **Industry**: Cryptocurrency and digital assets * **Focus**: Facilitating trading, staking, and custody of crypto tokens, and providing broader services to the crypto ecosystem * **Assets**: Over $330 billion of assets on the platform as of the first quarter of 2024 Key Points 1. Institutional Business Growth * **Institutional Assets**: Approximately $170 billion of assets as of the end of the first quarter, representing about half of the total assets on the platform. * **Institutional Clients**: Includes market makers, professional traders, ETF issuers, asset managers, pensions, endowments, and corporate clients. * **Institutional Business Pillars**: * **Coinbase Prime**: Custody, trading, financing, staking, and Web3 wallet. * **Markets**: Spot market, US CFTC-regulated futures market, and new international market for non-US customers. * **Asset Management**: Coinbase Asset Management, offering fiduciary services to asset owners and others. 2. Crypto Market Structure and Evolution * **Crypto Market Structure**: Similar to FX and equities in some aspects but unique due to the lack of credit intermediation and central clearing. * **Market Structure Evolution**: Focus on eliminating unnecessary intermediation and leveraging the unique aspects of crypto. * **FIT21 Bill**: Supports the assignment of spot market authority to the CFTC, aligning with Coinbase's belief that crypto assets are commodities. 3. Coinbase Prime Offering * **Prime Capabilities**: Custody, trading, financing, staking, and Web3 wallet. * **Integration with Traditional Financial Platforms**: Integration with BlackRock's Aladdin platform to make crypto trading more seamless for institutional clients. * **Market Liquidity and Depth**: Demonstrated during the Bitcoin ETF launch, indicating the market's readiness for more ETFs and institutional participation. 4. Customer Base and Traction * **Customer Types**: Market makers, professional traders, asset managers, ETF issuers, hedge funds, and corporate clients. * **Hedge Fund Engagement**: Approximately 33% of the largest 100 hedge funds in the world are onboarded and active on Coinbase's platform. * **Product Penetration**: High engagement with multiple products, with custody being the most established offering. 5. Derivatives and International Expansion * **Derivative Products**: Six contracts available for both retail and institutional investors, including nano contracts for retail investors and large-sized contracts for institutional investors. * **International Exchange**: Launched in Bermuda, offering perpetual futures contracts. * **Differentiation**: Focus on serving retail investors and offering perpetual futures contracts, which are more user-friendly than limited-life contracts. 6. Partnerships and Integration * **BlackRock's Aladdin Platform**: Integration allows for seamless trading of crypto alongside other assets. * **Order Management Systems**: Integration with various order management systems to facilitate trading for institutional clients. * **Future Partnerships**: No immediate plans for additional partnerships, but the company remains open to exploring opportunities. 7. ETFs and Stablecoins * **Bitcoin ETF**: Launched successfully, demonstrating the market's readiness for institutional participation. * **ETH ETF**: Excitement about the potential launch, which may drive more volume than the Bitcoin ETF. * **Stablecoins**: USDC is the most important utility use case for institutions, facilitating 24/7 movement of crypto assets. 8. Priorities for the Back Half of 2024 * **Product Quality and Scaling**: Ensuring each product pillar is of the highest quality and scaling each pillar to gain a competitive advantage. * **Derivatives and International Expansion**: Focusing on growing the derivatives footprint, particularly internationally. * **Advanced Trader Platform**: Continuing to push through advanced trader offerings on the US listed futures side.

Morgan Stanley (NYSE:MS) Morgan Stanley Annual U.S. Financials, Payments & Commercial Real Estate Conference June 10, 2024 12:00 PM ET Company Participants Ted Pick - CEO Conference Call Participants Unidentified Analyst Thank you very much, everybody. So first off, congratulations, Ted. We are thrilled to have Ted Pick with us, CEO of Morgan Stanley. Ted, I'm so thrilled to welcome you to the Morgan Stanley Financials Conference as CEO. It's a pleasure to be with you and thrilled with -- thrilled to be abl ...

Pfizer Inc. (NYSE:PFE) Goldman Sachs 45th Annual Global Healthcare Conference June 10, 2024 11:20 AM ET Company Participants Albert Bourla - Chairman and CEO Conference Call Participants Chris Shibutani - Goldman Sachs Chris Shibutani Okay, let's kick off our discussion with Pfizer here. My name is Chris Shibutani. I'm a member of the Goldman Sachs Healthcare Research Team. Thank you so much to everybody here for joining us for this conference and for this discussion. Super pleased to have Albert Bourla, CE ...