GSK plc (NYSE:GSK) 6th Annual Evercore ISI HealthCONx Conference November 29, 2023 7:30 AM ET Company Participants Jeff McLaughlin - Director, Investor Relations Philip Dormitzer - SVP and Global Head, Vaccines R&D and Infectious Disease Research Conference Call Participants Umer Raffat - Evercore ISI Jessica Hui - Evercore ISI Umer Raffat Good morning, everyone. Thank you for joining us, our Day 2, and, I am really excited to kick the day off with our friends from GSK. There is a lot to talk about, in part ...

General Motors Company (NYSE:GM) Business Update Conference Call November 29, 2023 8:00 AM ET Company Participants Ashish Kohli - Vice President of Investor Relations Mary Barra - Chair and Chief Executive Officer Paul Jacobson - Executive Vice President and Chief Financial Officer Conference Call Participants Rod Lache - Wolfe Research Itay Michaeli - Citi Ryan Brinkman with - JP Morgan John Murphy - Bank of America Emmanuel Rosner - Deutsche Bank Adam Jonas - Morgan Stanley Tom Narayan - RBC Mark Delaney ...

Gilead Sciences, Inc. (NASDAQ:GILD) Piper Sandler 35th Annual Healthcare Conference November 29, 2023 9:00 AM ET Company Participants Andrew Dickinson - Chief Financial Officer Conference Call Participants Joseph Catanzaro - Piper Sandler Joseph Catanzaro Perfect. Great. Well, appreciate everybody joining us here on the second day of Piper Sandler's Annual Healthcare Conference. I am Joe Catanzaro, one of Piper's biotech analysts. My real pleasure to kick off this session here with Gilead. Joining us is the ...

Cloudflare, Inc. (NYSE:NET) Wells Fargo TMT Summit Conference Call November 28, 2023 7:30 PM ET Company Participants Matthew Prince - Chief Executive Officer Conference Call Participants Unidentified Analyst All right. Thank you, everyone, for joining us. End of day one. I know we're about 35 minutes away from the live music and dinners and drinks. So thank you so much for sticking around for this last session. I can assure you it will be entertaining and informative. It's my pleasure to introduce you today ...

Twilio Inc. (NYSE:TWLO) UBS Global Technology Conference November 28, 2023 3:35 PM ET Company Participants Aidan Viggiano - CFO Conference Call Participants Taylor McGinnis - UBS Taylor McGinnis Okay. Well, hello, everyone. And thanks so much for attending this session with Twilio. We have Aidan here, Twilio's CFO. And for anyone in the room that might not know me, my name is Taylor McGinnis, and I'm one of the software analysts here at UBS. So Aidan, thanks for coming. Aidan Viggiano Thanks for having me. ...

ON Semiconductor Corporation (NASDAQ:ON) 2023 UBS Global Technology Conference Call November 28, 2023 3:35 PM ET Company Participants Hassane El-Khoury - President & Chief Executive Officer Thad Trent - Chief Financial Officer Conference Call Participants Timothy Arcuri - UBS Timothy Arcuri Okay, we're going to get started with the next session. I'm Tim Arcuri. I'm the semiconductor analyst here at UBS. I'm pleased to have ON Semi. We have Hassane El-Khoury, President and CEO; and we have Thad Trent, CFO. S ...

Pfizer Inc. (NYSE:PFE) 6th Annual Evercore ISI HealthCONx Conference November 28, 2023 10:50 AM ET Company Participants Dave Denton - CFO and EVP Conference Call Participants Umer Raffat - Evercore ISI Dave Denton Okay. Great. Umer Raffat Excellent. Well, listen, thank you guys for being here. I think my mic's on. Jazz just put out an update as you guys probably heard. So I don't think Pfizer has a major new update on anything safety? Dave Denton We do not. Umer Raffat Okay. All right. Let's get that out of ...

Analog Devices, Inc. (NASDAQ:ADI) 2023 UBS Global Technology Conference Call November 28, 2023 4:55 PM ET Company Participants Vincent Roche - Chairman and Chief Executive Officer Conference Call Participants Timothy Arcuri - UBS Timothy Arcuri Good afternoon. We are going to start our next session and we are pleased to have Analog Devices for our next session and we are pleased to have Vincent Roche, CEO and the Chairman of the Board of Directors. So thank you, Vincent. Vincent Roche Thank you, Tim, for ha ...

Eli Lilly and Company (NYSE:LLY) 6th Evercore ISI HealthCONx Conference November 28, 2023 3:50 PM ET Company Participants Dan Skovronsky - EVP, Chief Scientific and Medical Officer Conference Call Participants Umer Raffat - Evercore ISI Michael DiFiore - Evercore ISI Umer Raffat Pleasure to have management team from Eli Lilly. There's a ton to go through. But Dan, I'll turn it over to you and what's on top of your mind, and we'll jump right into it. Dan Skovronsky Yes. No. Thanks for hosting us here. It's b ...

Summary of Opendoor Technologies Inc. Conference Call Company Overview - **Company**: Opendoor Technologies Inc. (NASDAQ: OPEN) - **Event**: UBS Global Technology Conference - **Date**: November 28, 2023 - **Participants**: Carrie Wheeler (CEO), Stephen Ju (UBS) Key Points Industry Context - The real estate market is currently facing challenges due to high mortgage rates and buyer affordability issues, leading to seller inertia as many homeowners are locked into low mortgage rates [20][21] - The ongoing lawsuits regarding buyer commissions may lead to changes in the real estate commission structure, which could impact the industry dynamics [2] Business Model Insights - Opendoor's business model does not rely on buyer commission revenue; instead, it incurs costs from paying buyer agents approximately 2.5% in commissions when reselling homes [2] - The company aims for unit margins of 5% to 7% annually, and the potential unbundling of buyer commissions could be neutral or slightly beneficial for Opendoor [2][3] Transaction Platform - Opendoor has developed a platform that allows direct transactions between buyers and sellers, emphasizing transparency and customer choice [3] - The company has seen a 76% increase in contracts through partnership channels since Q1 2023, indicating successful expansion efforts [13] Partnership Channels - Opendoor has partnerships with around 90 homebuilders, thousands of agents, and online platforms like Zillow, Realtor, and Redfin, enhancing its market reach [9][12] - The partnerships allow for efficient customer acquisition and provide agents with cash offers to present to potential sellers [11] Market Dynamics - Despite low overall market volumes, Opendoor is capturing market share, with a focus on price stability rather than volume alone [23][25] - The company has improved its pricing accuracy and reduced spreads, leading to a 17% increase in acquisition volumes in Q3 2023 [22] Future Outlook - Opendoor aims to achieve $10 billion in revenue and return to adjusted net income breakeven, with plans to double acquisition volumes from current levels [39][40] - The company is focused on expanding its market footprint and improving unit economics through better pricing algorithms and operational efficiencies [32][46] Consumer Behavior - There is a noted shift in consumer behavior, with buyers becoming more discerning about the value of agent services, which Opendoor can leverage [7][42] - The company has a high Net Promoter Score of 80, indicating strong customer satisfaction [27] Strategic Goals - Opendoor's long-term aspiration is to be the first choice for home sellers in a $600 billion addressable market, focusing on brand awareness and customer retention [58] - The company plans to maintain tight cost controls while scaling operations to realize operating leverage [59] Conclusion - Opendoor is well-positioned to navigate the current housing market challenges and capitalize on emerging opportunities through strategic partnerships, improved pricing strategies, and a focus on customer satisfaction [57][60]