Business

Michael Roman, CEO, 3M Scott Mlyn | CNBC Shares of industrial products maker 3M have been hit hard since the company’s disappointing first-quarter earnings report in April, and J.P. Morgan warned investors on Friday that there is more pain to come. J.P. Morgan analyst Stephen Tusa said in a note that 3M’s “premium valuation is unjustified by
0 Comments
Cisco’s Chairman and CEO Chuck Robbins speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles in Paris on May 24, 2018. Chesnot | Getty Images Cisco shares rose 3% after hours on Wednesday after the company reported better-than-expected earnings for the third quarter of its 2019 fiscal year, which
0 Comments
The erectile dysfunction market isn’t as lucrative as it once was, but that hasn’t mattered much to Pfizer. The New York-based pharmaceutical giant is holding a strong share in the ED drug marketplace even as competition from generic drugmakers consumes sales of its once-blockbuster male libido treatment, Viagra. The medication, originally developed with the intention
0 Comments
Dyson, a British manufacturer best known for vacuums, fans, air purifiers and hand dryers, could add electric vehicles to its product portfolio, the company confirmed this week, releasing images of new patents it has received. “We’ve been researching motors, batteries, aerodynamics, vision systems and robotics for 22 years. Now the time is right to bring
0 Comments
Gilead Sciences announced Wednesday that a generic version of Truvada will be available in September 2020, one year earlier than expected. Truvada is the pill used for HIV pre-exposure prophylaxis, or PrEP. When taken daily, Truvada prevents HIV transmission. “Gilead reached an agreement with Teva Pharmaceuticals in 2014 to allow the early launch of a
0 Comments
CNBC’s Jim Cramer on Tuesday said Wall Street lacks enough “safety zone areas” to warrant picking any stocks in current market weakness. But the “Mad Money” host also cautioned that, because of uncertainty surrounding U.S.-China trade relations, it may be a gamble to do more selling after the Dow Jones Industrial Average posted its fourth
0 Comments
The London Metal Exchange is targeting Asian retail investors amid interest in the region, its CEO, Matthew Chamberlain, told CNBC on Tuesday. The Hong Kong Futures Exchange (HKEX), which bought the LME in 2012, will be launching dollar-denominated mini contracts for six base metals in the coming months. The standardized monthly futures contracts will reference
0 Comments
David Einhorn, president of Greenlight Capital Andrew Harrer | Bloomberg | Getty Images At the Sohn Investment Conference in Manhattan on Monday, Greenlight Capital founder and president David Einhorn said Tesla CEO Elon Musk’s promises about Tesla’s self-driving vehicles amounted to “a lot of horse—t.” Greenlight is famously short shares in the electric car maker,
0 Comments