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Barclays thinks Relay Therapeutics stock can benefit from progress in drug tests to get a proposed breast cancer treatment approved, boosting the stock. Relay stock has slumped 40% in 2024. "We believe the 2H update will help show the superior efficacy/safety profile for Relay's PI3Kalpha (RLY-2608) over existing PI3Kalpha inhibitors like alpelisib and inavolisib," Lawson said. Barclays sees a 70% chance of positive data emerging from an expanded Phase 1 study of RLY-2608 (+fulvestrant) in advanced HR+/HER2- breast cancer. That outcome, "all else equal, could potentially drive the stock up $5 while negative data could drive the stock down $2," the bank said.
Persons: Peter Lawson, Relay's, Lawson Organizations: Barclays, Therapeutics
The company has sold 150 concert vacations since last year, according to The Telegraph. Russian music fans, however, appear to be so desperate to see their favorite artists that they are paying thousands to go on "concert vacations" abroad. A spokesperson for the operator told The Telegraph that it had sold 150 concert vacations since it launched its packages in the fall of last year. One of the packages — a five-day trip to see Ed Sheeran perform in Belgrade, Serbia, in August — costs around $1,123. "Western superstars don't perform in Moscow anymore," Jonny Tickle, a British man living in Moscow, wrote on X.
Persons: Ed Sheeran, James Blunt, , Snoop, Sheeran, Jonny Tickle, Taylor Swift, Dua Lipa, Adele, Tickle, Guy Berryman, hadn't, Coldplay, Svyatoslav Vakarchuk, Elzy, Vakarchuk Organizations: The, Service, Express, The Telegraph, Scorpions, Ukraine, Europa, Coldplay, Russian Express Locations: Russian, Europe, Russia, Ukraine, Zagreb, Croatia, Dubai, Belgrade, Serbia, Moscow, British, Dua, Munich, Budapest, Vienna, Ukrainian, Brussels
Consumers, particularly those in China, have been tightening their purse strings and cutting their spending on luxury goods in light of macroeconomic uncertainties. But Barclays notes that several companies in the sector make good plays right now. LVMH Barclays is bullish on French label LVMH and raised its target price by nearly 13.6% to 937 euros ($1,009.18). "We remain confident that Moncler will deliver above-market growth for the rest of 2024," the analysts wrote. Barclays' target price on the stock is 168 Swiss francs ($182.62), which gives it around 28.2% potential upside.
Persons: Christian Dior, Louis Vuitton, Dior, Tiffany, Moncler Organizations: Barclays, Tiffany, Vogue, Richemont Locations: China, Europe, Sephora, Switzerland
Why does the US not have federal AI regulation? Biden signed the executive order on "Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence" near the end of 2023. Another challenge comes from AI experts and researchers choosing private sector jobs instead of ones in the government, a kind of "brain drain," Zhang said. "Less than 40% go to government looking to create all those AI regulations and governance structures." AdvertisementThe vast majority of AI experts end up working in the private sector rather than for universities or federal governments.
Persons: , hasn't, Joe Biden, Trump, Kevin McCarthy, Biden, I'm, Jason Green, Lowe, It's, Sen, Martin Heinrich, Sam Altman, Bill O'Leary, Rebecca Finlay, Finlay, we're, she's, Daniel Zhang, Zhang, Drew Angerer, That's, there's Organizations: Service, White, Business, Bills, Republican, Artificial Intelligence, Federal Government, Science & Technology, Congress, Microsoft, Google, Defense, Center, Senate, Washington, Getty, Stanford Institute for, AI, Stanford's, for, Biden Locations: Silicon Valley, Korean, Washington , DC, Congress, North America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect Fed Chair Powell's comments to skew a bit more hawkish today, says Barclay's Meghan GraperMeghan Graper, Barclays global co-head of debt capital markets, joins 'Squawk Box' to discuss the Fed's policy meeting this year, what to expect from Fed Chair Powell's commentary today, impact on markets, and more.
Persons: Barclay's Meghan Graper Meghan Graper Organizations: Barclays
Shark NeverChange Air Purifier Max The Shark NeverChange Air Purifier Max is a powerful air-cleaning machine for large spaces, and the best part is that you only need to change its filter every five years. Camryn Rabideau/Business InsiderThe Shark NeverChange Air Purifier Max took less than 5 minutes to unbox and get running. Our review of the Shark NeverChange™ Air Purifier MAXAdvertisementEase of UseThe air purifier’s display screen shows the real-time air quality in your home. AdvertisementThe bottom lineFor large spaces, the Shark NeverChange Air Purifier Max is worth the investment. Camryn Rabideau/Business InsiderThe Shark NeverChange Air Purifier Max is a worthwhile option that requires minimal maintenance and covers large rooms.
Persons: Max, Camryn, Philip M, Tierno Jr, Tierno, it's, There's Organizations: Business, Shop, Energy, Stratos, NYU Grossman School of Medicine, NYU Langone Medical, Honeywell
In today's big story, we're looking at how millennials have seen their wealth explode over the past few years. Millennials, the oft-maligned generation , are a lot better off financially than you might realize. A new report found millennials saw their wealth double from the end of 2019 through 2023, writes BI's Juliana Kaplan. Whatever the case, millennials' wealth can keep growing. The Department of Justice is investigating the consultancy for its past work advising opioid companies about how to boost their sales , The Wall Street Journal reported on Wednesday.
Persons: , Iurii Garmash, Tyler Le, millennials, BI's Juliana Kaplan, Harry Potter fanfiction didn't, Millennials, Gen Xers, eyeing, Juliana Kaplan, Gen, Chelsea Jia Feng, Jamie Dimon, Devin Nunes, Mark Zuckerberg, they've, There's, Nathan Congleton, Blackstone, Donald Trump's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Studio, Getty, millennials, Slaven, The New York Times, Nvidia, Trump Media, House Republicans, Meta, Green, Getty Images Google, Apollo, KKR, Justice, Street, Wednesday, McKinsey, NFL, US Locations: That's, Chelsea, premarket, NBCU, New York, London
Mizuho reiterates Nvidia as a top pick Mizuho says Nvidia is still a top idea at the firm. Morgan Stanley initiates Mural Oncology at overweight Morgan said in its initiation of the biotech company that it sees a long "cash runway" lasting through 2025. Morgan Stanley downgrades Block to underweight from equal weight Morgan Stanley sees growth headwinds for the payment tech company. Morgan Stanley upgrades Zeta to overweight from equal weight Morgan Stanley said the marketing technology company has an underappreciated valuation. " Morgan Stanley reiterates Tesla at overweight Morgan Stanley lowered its price target to $310 per share from $320. "
Persons: Bernstein, Reddit, underperform Bernstein, Raymond James, Raymond James downgrades Bumble, Barclays downgrades Ferrari, it's, Mizuho, Goldman Sachs, Goldman, Morgan Stanley, Morgan, Wolfe, underperform Wolfe, Piper Sandler, Piper, Synopsys, Morgan Stanley downgrades Block, Dave, Buster's, Jefferies, Zeta, Oppenheimer, Ball, Wayfair, Wynn, bullish, Tesla, Goldman Sachs downgrades Hertz Organizations: Citi, Barclays, Ferrari, Nvidia, JPMorgan, Avis, UBS downgrades Bank of America, UBS, Apple, AstraZeneca JPMorgan, AstraZeneca, Amazon, AWS, Meta, General Motors, GMC, Chevrolet, Buick, GM, DFS, Mizuho, Eversource Energy Locations: Avis, MURA, Charlotte, Wayfair, Capital, Macau
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFootwear brands are at their best when they stick to their gun, says Barclay's Adrienne YihAdrienne Yih, Barclays U.S. retail senior analyst, joins 'Power Lunch' to discuss Barclays expanding its coverage into footwear stocks and identifying which retailers are winning in the space.
Persons: Barclay's Adrienne Yih Adrienne Yih Organizations: Footwear, Barclays U.S, Barclays
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPepsiCo Asia-Pacific CEO: We're positioning our products in a locally relevant wayWern-Yuen Tan, chief commercial officer and Asia-Pacific CEO of PepsiCo, says it has, for example, a "dedicated range of Pepsi products infused with Chinese ingredients like jasmine or osmanthus" and one of its bestselling products in Vietnam is its "beef pho-flavored Lay's."
Persons: Yuen Tan Organizations: PepsiCo Asia, PepsiCo, Pepsi Locations: Pacific, Asia, Vietnam
CNBC Pro readers flocked this week to several stories on Nvidia and other ways to play the stock's monstrous rally. The top Pro story this week was " Sell Nvidia or stick with it? Other stocks could see a lift in the coming week off the Nvidia conference including AMD, Broadcom and Oracle. How to trade Nvidia In a column Monday, Fairlead Strategies founder Katie Stockton gave a guide to how to trade stocks that have " gone parabolic " like Nvidia and Meta. Nvidia alternatives Another top-performing Pro story this week was David Keller's on the potential breakout in Block , the parent company of Square.
Persons: Vahan Janjigian, he's, We've, Cantor Fitzgerald, C.J, Muse, Katie Stockton, Stockton, David Keller's, Keller, Stephanie Niven, Niven, BofA Organizations: CNBC Pro, Nvidia, Greenwich Wealth Management, Bank of America, NVIDIA, AMD, Broadcom, Oracle, Meta, KLA Corp
CNBC Daily Open: Wall Street wary as inflation data looms
  + stars: | 2024-03-12 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Overnight, U.S. stocks ended mixed as investors await key inflation data for clues on the Federal Reserve's path on rate cuts. "The question is to what extent and how broad will it be," he told CNBC. Web inventor's top predictionsTim Berners-Lee, recognized for inventing the World Wide Web, told CNBC his top predictions for the future of the web — and how it will be transformed by Al.
Persons: Patria Stodghill, vender Susan Mendoza, Hang Seng, Dow, Shaun Rein, it's, Steven Okun, Tim Berners, Lee Organizations: Patria, Washington , DC, CNBC, CSI, Nikkei, Nasdaq, China Market Research, APAC Advisors, Al, Barclays Locations: Washington ,, Hong Kong, Asia, China, U.S, Washington
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street ends mixedU.S. stocks ended mixed Monday as investors await key inflation data for clues on the Federal Reserve's path on rate cuts. Oracle shares spikeOracle shares surged 13% as quarterly earnings topped estimates, but revenue came in slightly soft of expectations. [PRO] Barclay's three global picksBarclays picked three European stocks for investors to consider buying for the next quarter.
Persons: Dow, Bitcoin, Shaun Rein, it's, Safra Catz, Trump, Donald Trump Organizations: CNBC, Nasdaq, China Market Research, Oracle, Facebook, Barclays Locations: China, U.S
Birgir Jónsson is the CEO of Play, an Icelandic airline offering cheap transatlantic flights. Jónsson told BI how Play keeps costs low, and how important volcanoes are to Icelandic tourism. From 2014 to 2015, he was the deputy CEO of Wow Air, an Icelandic ultra-low-cost carrier that went bankrupt in 2019. AdvertisementHis foray into the sector began as CEO of Iceland Express, which was acquired by Wow. While other airlines had to avoid the country's airspace — lengthening journey times — Play got planes at discount prices.
Persons: , Jónsson, Icelandair, it's, York's, New Orleans —, Etienne De Malglaive, Los Angeles —, They're Organizations: Jónsson, Service, Wow, Iceland Express, Icelandic Post, Southwest, Ryanair, York's Stewart, Airbus, North, British Airways Flight, Nasdaq, Russia Locations: Icelandic, Europe, New York, London, Reykjavík, Romanian, Manhattan, Iceland, New Orleans, Eyjafjallajökull, India, Los Angeles, California, Dubai, Russia
"I'm pretty sanguine, as it all went way, way better than I could have possibly drawn up." Do you have any defining memories of being on set with Guillermo del Toro? It took seven years for del Toro to convince anybody to finance a comic book franchise with me in it. Working with Del Toro is as irreverent an experience as you can get. On whether he’d return for a ‘Sons of Anarchy’ follow-upRon Perlman as Clay Morrow in "Sons of Anarchy."
Persons: Ron Perlman, he's, Smith, Donald Glover, Maya Erskine, Toby Hellinger, Toby, Perlman, Guillermo del Toro, couldn't, Guillermo del Toro Ron Perlman, Hellboy, del Toro, Del Toro, Einstein, who's, they're, spry, Marx, Liz, would've, I’ve, We've, Clay Morrow, , , Jax Teller, Charlie Hunnam, you've, Jax, Theo Rossi, Clay, I'm, , Linda Hamilton, Catherine, Vincent, CBS You've, there's, I've, let's, bro, Reinhardt, It’s Organizations: Business, Sony Pictures, Marx Brothers, CBS Locations: Lake Como, Hollywood, donnybrook
Vizio would no doubt love to reclaim its spot, but the brand's new Quantum Pro 4K QLED TV (VQP65C-84) won't get it there. The Quantum Pro has its advantages, including impressive off-axis viewing and competitive gaming and motion response via its 120Hz panel. Vizio 65-inch Quantum Pro QLED 4K TV Vizio's Quantum Pro is a solid midrange 4K QLED TV with impressive viewing angles for its class. Ryan Waniata/Business InsiderMoving the Quantum Pro from the box to your TV console is relatively simple. Ryan Waniata/Business InsiderGaming with the Quantum Pro is mostly a good time, especially for brighter titles like "God of War: Ragnarok."
Persons: Vizio, Hisense, it's, Ryan Waniata, U7K, Harry Potter, there's, that's, There's, isn't Organizations: Business, Google, Quantum, Shop, Walmart, Dolby, Samsung, Sony, SmartCast, Alexa
Read previewWarning: Spoilers ahead for the "Love Is Blind" season six finale. When Clay said "I don't" to AD at the altar in the season six finale of "Love Is Blind," the only one who was surprised was AD herself. AdvertisementMargarita was already an MVP when she first showed up earlier this seasonClay's mom first appears on "Love Is Blind" season 6 episode 9. NetflixClay's mom Margarita had already won legions of "Love Is Blind" fans over with her no-nonsense attitude when she first showed up in episode nine. The "Love Is Blind" season six reunion airs March 13 at 9 p.m.
Persons: , Clay, Margarita, Trevor, Margarita masterfully, Margarita doesn't, Clay —, Sarah Ann, DM'ing, they're, Here's, I've, I'm, Netflix It's, it's Organizations: Service, Business, Netflix Locations: Clay, Margarita, Chelsea, Jimmy's
Read previewIt's the concert we all wished we were at but sadly had to watch through grainy phone camera footage: Rihanna's one-night-only comeback. The show also included live renditions of the songs "We Found Love," "Stay," "Rude Boy," and "All Of The Lights," and ended with the whole Ambani family joining Rihanna onstage. Rihanna received a payday somewhere between $5 and $9 million, according to estimatesThere's been rampant speculation on how much Rihanna was paid for her performance. AdvertisementMukesh Ambani, the Chairman of Reliance Industries, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, and Radhika Merchant react on the stage during pre-wedding celebrations of Anant and Radhika. The Ambani family reportedly spent over $100 million on the pre-wedding ceremony of daughter Isha Ambani and her now-husband, Anand Piramal, according to The Guardian.
Persons: , Anant Ambani, Mukesh Ambani, Radhika Merchant, Mark Zuckerberg, Ivanka Trump, Rihanna, Anant, Radhika, Isha Piramal, Shloka Mehta Ambani, Akash Ambani, Ambani, Isha Ambani, Anand Piramal, Anant's, Beyoncé, Chris Martin, Shloka Mehta's, Adam Levine Organizations: Service, Business, NME, India Today, Daily Mail, Reliance Industries, Reuters, Fortune, Guardian Locations: Jamnagar, India, Switzerland
A 2017 trend report from the global logistics company DHL found that augmented-reality headsets improved the productivity of warehouse pickers by up to 15%. The latest AR headsets, which look similar to conventional prescription eyewear, could extend productivity benefits across every aspect of logistics — and even beyond. But the AR headsets at the cutting edge of logistics and manufacturing are slimmer, lighter, and more durable than the Vision Pro or Quest. AR headsets used in a busy workplace need to keep the wearer's vision unobstructed. TeamViewerNext-gen AR headsets go incognitoAugmented-reality headsets like the Vuzix M4000 are light enough to wear all day, but next-gen headsets will make them look like dinosaurs.
Persons: , Paul Travers, Seth Patin, Patin, Peter Millar, Brian Ballard, Ballard, TeamViewer, Travers Organizations: Service, Apple's, DHL, Apple Vision, Meta Locations: It's
Coldplay, Ed Sheeran, and now Taylor Swift. Singapore is eyeing concert economics as its new growth driver, which is set to add hundreds of millions of dollars in tourism receipts. Fans bought 200,000 tickets as the shows sold out within hours, breaking the city-state's record for the most tickets sold by an artist in a single day. And starting this weekend, Singapore will host American popstar Taylor Swift, whose Eras Tour in the U.S. last year was estimated to generate around $4.6 billion in consumer spending. "Taylor Swift is also widely expected to generate a sizable economic boost, given her past record," Liu added.
Persons: Coldplay, Ed Sheeran, Taylor Swift, Yun Liu, Agoda, popstar Taylor Swift, Liu Organizations: Singapore's, Coldplay's Music Locations: Singapore, ASEAN, British, Asia, Pacific, Malaysia, Indonesia, U.S
Clay and AD are clearly into each other, but they have some major compatibility problems. Warning: Spoilers ahead for the first nine episodes of "Love Is Blind" season six. Clay Gravesande and Amber Desiree "AD" Smith might be "Love Is Blind" season six's most polarizing couple. But building a relationship on physical attraction runs directly counter to the premise of "Love Is Blind," which requires couples to fall in love without seeing each other first. But in the meantime, here's a rundown of all the biggest red flags in Clay and AD's relationship.
Persons: Clay, , Clay Gravesande, Amber Desiree, Smith, Clay isn't, He's Locations: Clay
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia is clearly in a bullish trading cycle, says OptionPlay's Jessica InskipJessica Inskip, OptionsPlay director of education and product, joins 'Squawk Box' to discuss the latest market trends, Nvidia's stock market bull run, the tech sector at large, and more.
Persons: Jessica Inskip Jessica Inskip Organizations: Nvidia
I made hash browns with recipes from Ina Garten, Bobby Flay, and Jeff Mauro to see which was best. Flay's version was delicious, but it was more like a potato cake than a hash brown. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Since hash browns are a staple side dish, I tested out recipes from Ina Garten, Bobby Flay, and Jeff Mauro to find out which chef's potatoes would be my new favorite.
Persons: Ina Garten, Bobby Flay, Jeff Mauro, Organizations: Service
LOS ANGELES (AP) — Thousands of fans watching Tiger Woods in his 2024 debut missed out on the best golf Thursday at the Genesis Invitational. In the group ahead of Woods was Patrick Cantlay, looking as though he wants to be the next Southern California native to win at Riviera. Cantlay opened with three birdies in four holes and never really slowed until a sycamore tree halted his great run. “Jordan and I were a bunch under on the front nine and a day where I putted really, really well. That shank was a shocker, and perhaps more concerning was Woods saying his back was acting up int the final hour, leading to the shank.
Persons: Tiger Woods, Woods, Patrick Cantlay, Jason Day, Luke List, Cam Davis, Jordan Spieth, Justin Thomas, Sam Burns, Rory McIlroy, Cantlay —, Spieth, , ” Cantlay, “ Jordan, “ I've, Max Homa, John Merrick, shocker, ” Woods, , ” McIlroy, McIlroy, Scottie Scheffler, Scheffler, steadied, ___ Organizations: ANGELES, Riviera, ricochet, Virginia Country Club, UCLA Locations: Southern California, Cantlay, Australia, LA, Bay Hill
Warning: Spoilers ahead for the first six episodes of "Love Is Blind" season six. Amber Desiree "AD" connects with Clay and Matthew, and ultimately accepts a proposal from Clay. AdvertisementAmber Desiree "AD" Smith forms connections with both Clay Gravesande and Matthew Duliba in the "Love Is Blind" pods on season six. At the end of the first six episodes, Clay and AD are one of the few couples on pretty good footing. The next three episodes of "Love Is Blind" season six will air on February 21.
Persons: Amber Desiree, Clay, Matthew, , Smith, Clay Gravesande, Matthew Duliba, Amber Grant, Amber, he'd, Here's, she'd, aren't Organizations: Service Locations: Clay, North Carolina, Texas
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