Kenvue settled its proxy fight with activist Starboard Value, adding three new directors to its board.Starboard’s Jeff Smith will join the board of the Johnson & Johnson spinoff, along with Sarah Hofstetter, president of Profitero, an e-commerce performance analytics platform, and Erica Mann, former head of pharmaceutical company Bayer’s consumer health division.”Sarah’s brand building and digital marketing expertise, Erica’s global consumer health industry experience, and Jeff’s investor perspective and extensive service on corporate boards will further strengthen the Board with complementary, value-additive skillsets,” said Larry Merlo, chair of Kenvue’s board, in a statement Wednesday.CNBC reported in October that Starboard had…
Author: usaeverydaylife
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Martina Albertazzi | Bloomberg | Getty ImagesCrowdStrike shares dropped 10% after issuing weak earnings guidance as the company signaled ongoing pressure from its global IT outage that rattled businesses in July.The cybersecurity software provider said it expects first-quarter earnings to range between 64 cents and 66 cents per share, versus the average Factset estimate of 95 cents. CrowdStrike is projecting earnings for the year to range between $3.33 and $3.45 per share, excluding items. That fell short $4.42 expected by…
A divided U.S. Supreme Court on Wednesday declined to let President Donald Trump’s administration withhold payment to foreign aid organizations for work they already performed for the government as the Republican president moves to pull the plug on American humanitarian projects around the world.Handing a setback to Trump, the court in a 5-4 decision upheld Washington-based U.S. District Judge Amir Ali’s order that had called on the administration to promptly release funding to contractors and recipients of grants from the U.S. Agency for International Development and the State Department for their past work.Conservative Justices Samuel Alito, Clarence Thomas, Neil Gorsuch…
Erez Druk, co-founder and CEO of Freed.Courtesy: FreedFor Erez Druk, who spent almost four years working at Facebook, building health-care startup Freed has been a labor of love, quite literally. Druk’s wife, Dr. Gabi Meckler, works at a community clinic in northern California, where she cares for children and adults, and delivers babies at a local hospital. When not with patients, Meckler is inundated with paperwork, constantly updating medical records and related documents.”I got sucked into the world of clinicians,” Druk said in an interview. “One day, it was like, ‘Hey Gabi, what should we just build for you?’ And she…
The C.I.A. director John Ratcliffe said on Wednesday that intelligence sharing with Ukraine had been paused alongside military aid to pressure its government to cooperate with the Trump administration’s plans to end the country’s war with Russia.Speaking on Fox Business, Mr. Ratcliffe applauded the Ukrainian president Volodymyr Zelensky’s statement on Tuesday praising President Trump and insisting that he supported peace with Russia. Mr. Ratcliffe said he thought intelligence sharing would resume.“President Zelensky put out a statement that said, ‘I am ready for peace and I want President Donald Trump’s leadership to bring about that peace,’” Mr. Ratcliffe said. “And so…
Check out the companies making headlines in premarket trading. Nvidia — Shares of the chipmaker rebounded about 2% on Wednesday morning, regaining some lost ground from this week. The stock is down more than 7% so far week to date. CrowdStrike — The cybersecurity firm pulled back more than 7%. CrowdStrike sees full-year revenue in the range of $4.74 billion to $4.81 billion, while analysts polled by FactSet were looking for $4.77 billion. However, operating income guidance for the first quarter came in below expectations, ranging from $173.1 million to $180 million. Analysts anticipated a forecast of around $218.2 million.…
Investments related to artificial intelligence should bring in big gains for Arista Networks , according to UBS. The investment bank upgraded the networking stock to buy from neutral and increased its price target to $115 from $112. That increase implies 34.5% upside from Tuesday’s close. “Our upgrade is supported by our view that investments in data center [capital expenditures] will remain strong growing at ~a 25% CAGR through 2027,” analyst David Vogt wrote in a note to clients. “In addition, an acceleration in key Arista metrics including ‘purchase commitments’, deferred revenue’, and ‘finished goods inventory’ last quarter provides revenue recognition…
The complacency around tariffs is dissipating. The stock market is starting to price in lower earnings, partly due to the impact of tariffs. While the Trump administration has argued against this, the market believes tariffs mean higher inflation and lower growth. After Trump’s election, the stock market initially rallied on Trump’s promise of less regulation and a pledge to cut corporate taxes from to 15% from 21%. Investors and analysts chose to ignore tariffs because it was widely believed Trump would not implement them. Earnings disconnect This created a disconnect between stock prices and earnings: stock prices had been rising, however earnings estimates…
Canada’s Prime Minister Justin Trudeau speaks during a news conference about the US tariffs against Canada on March 4, 2025 on Parliament Hill in Ottawa, as Foreign Minister Melanie Joly (L) and Minister of Finance and Intergovernmental Affairs Dominic Leblanc look on. Dave Chan | Afp | Getty ImagesCanada has requested consultations with the United States on “unjustified tariffs” at the World Trade Organization, Canada’s ambassador to the WTO in Geneva said on Wednesday.”The U.S. decision leaves us with no choice but to respond to protect Canadian interests,” Ambassador Nadia Theodore said in a statement posted on LinkedIn. A WTO spokesperson confirmed the receipt of Canada’s…
The European Central Bank is expected to cut interest rates for the second time this year at its Thursday meeting, but disagreement among policymakers may be set to increase amid tariff uncertainty and a potential ramp-up in regional defense spending.Markets had on Wednesday fully priced in a quarter-point rate cut for the March meeting, taking the ECB’s key rate to 2.5% — down from its peak of 4% in the middle of last year. A further reduction to 2% by the end of the year was also priced in.A relatively swift pace of monetary easing has been expected over the…
