AstraZeneca CEO Pascal Soriot, pictured in London on June 28, 2023, reportedly wants to move the company’s stock listing from London to the United States.Justin Tallis | Afp | Getty ImagesPressure is piling on London’s stock exchange, with reports that British pharma giant AstraZeneca may move its listing to the U.S. delivering yet another blow this week.CEO Pascal Soriot is considering moving the company’s stock listing from London to the U.S., British newspaper The Times reported on Tuesday afternoon, citing anonymous sources. Soriot’s frustrations with the U.K.’s regulatory environment — particularly rules around new medicine approvals and drug pricing systems…
Author: usaeverydaylife
Cava has the ingredients for success, according to KeyBanc. Analyst Christopher Carril initiated the Mediterranean chain restaurant’s stock at overweight. Carril’s $100 price target implies 21.5% upside over Tuesday’s closing level. “With few direct competitors, CAVA is the leading brand in the fast growing Mediterranean fast casual segment,” Carril wrote in a Tuesday note to clients. “Like Chipotle did over the last two decades, we believe CAVA has the potential to define the category and bring Mediterranean to new markets across the country.” Carril said new-store returns are among the industry’s strongest, which should allow the Washington, D.C.-based company to…
Cantor Fitzgerald joined the bull camp on Rigetti Computing . Analyst Troy Jensen initiated coverage of the quantum computing stock at overweight. Jensen’s $15 price target suggests 32.4% upside over Tuesday’s close. “Quantum computing is in its infancy but remains one of the most highly coveted technical milestones with enormous economical implications,” Jensen wrote to clients in a Tuesday note. “While we are likely years away from full-scale quantum capabilities, the technology has already captured the interest of investors.” While Jensen said quantum is in its “infancy,” he said Rigetti is the leading pure play on superconducting, the type of…
Defense Secretary Pete Hegseth has ordered a pause in sending a shipment of missiles and ammunition to Ukraine amid concern about the U.S. military’s stockpiles, according to two defense officials, two congressional officials and two sources with knowledge of the decision.Hegseth ordered the delay weeks after he issued a memo ordering a review of the U.S. stockpile of munitions, which has been depleted after years of the United States’ sending weapons to Ukraine to defend against the Russia invasion, as well as nearly two years of military operations in the Middle East as the United States fought Houthi rebels in…
CBS News studio at Times Square in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Nurphoto | Getty ImagesParamount has agreed to pay $16 million to settle a lawsuit brought by President Donald Trump that had alleged an interview that aired on CBS’s “60 Minutes” last year with Kamala Harris, his Democratic opponent for the presidency, was deceptively edited.The agreement in principle, proposed by a mediator, includes plaintiffs’ fees and costs and — except for fees and costs — will be allocated to Trump’s future presidential library, Paramount Global said in a statement late Tuesday. Paramount is…
An Amazon logistics center in Mecklenburg-Western Pomerania, Dummerstorf, Germany, on Nov. 27, 2024.Picture Alliance | Picture Alliance | Getty ImagesAmazon announced Monday its millionth worker robot, and said its entire fleet will be powered by a newly launched generative artificial intelligence model. The move comes at a time when more tech companies are cutting jobs and warning of automation.The million robot milestone — which joins Amazon’s global network of more than 300 facilities — strengthens the company’s position as the world’s largest manufacturer and operator of mobile robotics, Scott Dresser, vice president of Amazon Robotics, said in a press release. Meanwhile,…
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010.Simon Dawson | Bloomberg via Getty ImagesIn one move, Santander has silenced months of speculation over it’s allegiance to the British high street – and complicated a year-long consolidation saga in Spain’s banking sector.On Tuesday, Spain’s largest lender said it agreed to buy British high street lender TSB for £2.65 billion ($3.6 billion) from Catalonia’s Sabadell in an all-cash deal subject to approval. The transaction will generate a return on invested capital of more than 20%, bringing its return on tangible equity in the…
Tourists and domestic visitors in the West End at Leicester Square outside the Greggs bakery which is known as the Mega Greggs on 28th July 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesU.K. high-street baker Greggs, famed for its sausage rolls and hot savoury bakes, warned on Wednesday that sales in June were hit by unusually hot weather in June.Shares of the bakery chain plunged around 15% on Wednesday after the company issued a trading update in which it said unseasonably hot weather in the U.K. had hit customer footfall and dented like-for-like sales in…
Workers on the way of investigate electrical substation following a fire at an electrical substation supplying power to the facility, in London, United Kingdom on March 21, 2025. Rasid Necati Aslim | Anadolu | Getty ImagesA fire that shut Heathrow airport in March, stranding thousands of passengers, was caused by National Grid’s failure to maintain an electricity substation, an official report said on Wednesday, prompting the energy watchdog to open a probe.The closure of Heathrow, the busiest airport in Europe, cost airlines tens of millions of pounds. It also raised questions about the resilience of Britain’s infrastructure.Energy minister Ed Miliband said…
Meta Platforms CEO Mark Zuckerberg has been on an artificial intelligence spending blitz — and Wall Street does not seem to mind. Zuckerberg has invested tens of billions of dollars in computing infrastructure and research and development, and he’s worked tirelessly to implement AI across the internal organization and to enhance user engagement and ad targeting on Instagram and Facebook. In the latest phase of these efforts, Zuckerberg has ripped a page out of New York Mets owner Steve Cohen’s playbook and thrown huge amounts money at top AI talent to build out a “superintelligence” unit, with the goal of…
