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Citi analyst Andrew Kaplowitz upgraded his rating for the heating and ventilation company to buy from neutral. The analyst accompanied the move by upping his price target to $74 from $65, implying that shares of Carrier Global could rally 17% going forward. The financial institution raised its price target for Nvidia to $150 from $135. Analyst Erin Wright stood by her overweight rating on the health insurance stock, reiterating her $595 price target. Wright set a price target of $374, which is 23% higher than the insurance company's Friday closing price of $355.48.
Persons: Goldman Sachs, Andrew Kaplowitz, CARR, Kaplowitz, — Lisa Kailai Han, Jefferies, Blayne Curtis, kingmaker, Curtis, Lisa Kailai Han, Morgan Stanley, UnitedHealth, Morgan Stanley's, Erin Wright, Wright, Bernstein, Stephen Reitman, Ferrari, Reitman, Ferrari's, Sanjeet Aujla, Aujla, BUD, Christopher Danely, Danely, James Schneider, Schneider, Fred Imbert Organizations: CNBC, Monday, Citi, Micron Technology, IBM, Carrier Global, Carrier, Nvidia, Humana, Ferrari, UBS, Anheuser, Busch InBev It's, Busch InBev, Micron, Citi Citi, Dow Jones Industrial, Dow Locations: China, UnitedHealth, U.S, Friday's
Against that uncertain backdrop, Wall Street analysts are focused on identifying stocks with solid fundamentals and strong long-term growth prospects. In that climate, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Finally, Feinseth mentioned Microsoft's strong financial position, which supports enhanced shareholder returns and enables investments in the company's AI ambitions. The company's Zscaler Zero Trust Exchange platform securely connects users, devices and applications by protecting them from cyberattacks and data loss. Following the Zenith Live 2024 event, Baird analyst Shrenik Kothari reaffirmed a buy rating on Zscaler stock with a price target of $260.
Persons: Kevin Scott, TD Cowen, Helane Becker, Becker, TipRanks, OpenAI, Ivan Feinseth, Feinseth, Baird, Shrenik Kothari, Zscaler, Kothari Organizations: Microsoft, Technology, Artificial, Seattle Convention Center, Federal Reserve, Street, Delta Air, Delta Air Lines, DAL, Delta, Activision Blizzard, Zero, Zenith Locations: Seattle, Seattle , Washington, Toronto, Delta
Parts of New England and the Northeast were under an unusual risk for tornadoes on Sunday as severe thunderstorms were expected to strike the region, forecasters said. The National Weather Service issued a tornado watch early Sunday afternoon for Massachusetts, Vermont, New Hampshire, northeastern New York and western Maine. More than 8 million people were under the watch, which signals that conditions could lead to severe storms or tornadoes. The watch is in effect until 8 p.m. The National Weather Service office in Albany, N.Y., warned of an enhanced risk of severe thunderstorms on Sunday afternoon and evening, and said such a risk was “more rare” for that part of the country.
Organizations: National Weather Service Locations: New England, Massachusetts , Vermont , New Hampshire, New York, Maine, Albany, N.Y
Opinion | The Rise of Progressivism Among the Educated Elite
  + stars: | 2024-06-22 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “The Sins of the Educated Class,” by David Brooks (column, June 7):Mr. Brooks’s insightful column omits one problem. Many “elite” parents and students have never really interacted with “real” average Americans. Don’t only blame the students for their attitudes and behaviors; they are built into our societal structure. Current scholars at elite schools are deprived of the great daily lessons and educational opportunities that I had. Those who take advantage of such experiences would benefit greatly, and so would the country.
Persons: David Brooks, Brooks, Jim Webster Organizations: Army Locations: Chicago, N.Y
With the thunderbolt goal, Güler became the first teenager to score at a European Championship since Cristiano Ronaldo in 2004, guiding Turkey to its first ever opening-game victory at the tournament across the nation’s six appearances. “I don’t care about personal achievements,” Güler said after his performance against Georgia. Güler scores his long-range goal against Georgia. Alex Livesey/Getty ImagesIt was, though, a relatively quiet night for the 39-year-old, who was unable to add to his record haul of 14 European Championship goals. “Of course, I know his quality,” Portugal forward Diogo Jota told reporters on Friday when asked about Güler’s performance against Georgia.
Persons: Arda Güler, Messi ”, Güler, Cristiano Ronaldo, Ronaldo, ” Güler, , I’m, Carlo Ancelotti, Jude Bellingham, Lamine Yamal, Jamal Musiala, Florian Wirtz, Saturday’s, Ronaldo –, Alex Livesey, Diogo Jota, Organizations: CNN, Georgia, Georgian, Real Madrid, , Agency, Getty, La Liga, Champions League, Reuters, Czech Locations: Turkey’s, Turkey, Fenerbahçe, Real, England, Dortmund, Portugal, Czech Republic, Germany
Every paycheck I get goes to Navient," Pucci, 59, told BI. I feel trapped, and this has been so traumatic, especially the last couple of months, it's been really, really difficult." The lender, instead, can decide how it wants to craft a relief process, if at all. AdvertisementBut Linssen's efforts paid off — she got $70,000 in private loans discharged in May. While Nave also eventually got her private loans relieved after filing complaints with the CFPB, she doesn't understand why it has to be this way.
Persons: , Leandro Pucci, Joe Biden's, hasn't, Pucci, it's, " Pucci, Sen, Elizabeth Warren, Holder, Warren, Navient, he's, Julia Barnard, Barnard, Theresa, Christman, Theresa Christman Theresa Christman, Eileen Connor, PPSL, haven't, Connor, I've, Victoria Linssen, Jennifer Nave, Linssen, aren't, Brooks, Victoria, Victoria Linssen Victoria Linssen, Nave, they're, — Navient, Nick Eucker, Eucker Organizations: Service, Art Institute, Business, Joe Biden's Education Department, Navient, Education Department, Consumer Financial, Bureau, Education, BI, International Academy of Design, Technology, Brooks Institute, DeVry University, Victoria Linssen Victoria Locations: Venezuela, California, Navient, Cardona
Technology stocks have fueled market strength in 2024, and analysts are watching a group of Nasdaq 100 stocks with further upside potential ahead. Against this backdrop, CNBC Pro used its stock screener to search for Nasdaq 100 stocks that analysts expect to surge over the next 12 months. AMZN YTD mountain Amazon stock has added more than 20% in 2024. The company also beat Wall Street's revenue forecast in the first quarter and issued a higher-than-anticipated earnings outlook for the current quarter. Shares are about flat in 2024, but analysts see nearly 27% upside from current levels, per LSEG.
Persons: Alexa, Marvell, Goldman Sachs, Toshiya Hari Organizations: Nasdaq, Broadcom, Apple, Nvidia, Microsoft, CNBC Pro, CNBC, Analysts, Amazon, Marvell Technology, Wall, Marvell, PDD Holdings, Diamondback Energy
Read previewGarrett Madison has built a career on risking his life to stand atop the world's tallest peaks. Everest, oxygen is scarce. Lack of oxygen causes the body to produce more red blood cells, which carry oxygen from the lungs to the rest of the body. AdvertisementHow you can whip your body into Everest shapeIt's best to train for a high-altitude climb outdoors on hilly terrain. His company, Madison Mountaineering, has even created a training guide that can help whip your body into shape for an Everest-level climbing expedition.
Persons: , Garrett Madison, I'm, Madison, michelangeloop, he's Organizations: Service, Business, Madison, Everest, Madison Mountaineering Locations: Everest, summiting Mt, Lhotse, Nuptse, Madison, Washington
Things like Broadway-style shows, multicourse meals, buffets, pool access, and onboard activities are built into the price of a typical sailing. I'm also willing to pay a little more to select a cabin far away from elevators and loud entertainment venues. Room service offers a level of convenience that makes the delivery fee palatableAlthough some room service options remain complimentary, many now come with an extra fee. However, room service often comes with an additional fee. AdvertisementNonetheless, I'm happy to spend extra on premium cocktails, wine-tasting sessions with the onboard sommelier, and other unique drink experiences.
Persons: , who's, I've, I'm, Amanda Adler, Amanda Adler I'm Organizations: Service, Forbes, Business, Disney Locations: Havana, Norwegian, Alaska, Italy
Anouk Aimée, the French film actress who became an international sex symbol as the aloof, enigmatic and sensual star of Claude Lelouch’s 1966 romance “A Man and a Woman,” died on Tuesday at 92. Her death was announced on social media by her daughter, Manuela Papatakis, who said her mother died at home in Paris. But it was with “A Man and a Woman,” a 28-year-old director’s low-budget project that went on to win the Oscar for best foreign film, that she created the image that endured throughout her career. Ms. Aimée was nominated for a best actress Oscar for the role. It also brought her the BAFTA film award for best foreign actress and the Golden Globe for best motion picture actress.
Persons: Anouk Aimée, Claude Lelouch’s, , Manuela Papatakis, Aimée, Federico Fellini’s, Vita ”, Jean, Louis Trintignant, Francis Lai’s, Oscar Organizations: BAFTA, Golden Globe Locations: French, Paris, Italian
Along with stifling days comes the risk of developing dangerous heat-related conditions, such as dehydration, heat stress, heat exhaustion, heat stroke and other hazards. What responsibilities does your employer have to prevent you from suffering a heat-related illness? While some states have specific laws governing occupational heat exposure, there is no heat-specific federal regulation mandating how employers must prevent heat illness in the workplace. They recommend companies:Have a heat illness prevention plan. Monitor workers for signs and symptoms of heat illness.
Persons: , Jason Krasno, , they’ve, Alka Ramchandani, Raj Organizations: New, New York CNN, Safety, Health Administration, OSHA, National Institute for Occupational Safety, Health Locations: New York, North America, Montpelier , Vermont, Syracuse , New York, Pittsburgh, Krasno, OSH
Wall Street's best analysts have insight into companies' ability to provide attractive dividend yield and upside for the long term. Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. With a quarterly dividend of $1.22 per share ($4.88 on an annualized basis), KMB offers a dividend yield of 3.5%. In June, the company paid a base dividend of $1.25 per share and a variable dividend of $1.69 per share. (See Chord Energy Stock Charts on TipRanks)Cisco SystemsOur third pick is dividend-paying technology stock Cisco Systems (CSCO).
Persons: Wall Street's, Wall, Kimberly, Clark, Nik Modi, Modi, Mike Hsu, TipRanks, William Janela, Janela, Jefferies, George Notter, Notter Organizations: Cisco, Clark Consumer, KMB, RBC Capital, Energy, Enerplus, Cisco Systems Locations: San Jose , California, Kimberly, North America, Williston
Dylan Holloway added two goals for the Oilers, and Mattias Janmark, Adam Henrique, Darnell Nurse, Ryan Nugent-Hopkins and Ryan McLeod had the others. Instead, the Oilers became the fourth team in a row to win Game 4 to extend a series after dropping the first three games of a Stanley Cup Final. “It only counts as one win,” Panthers captain Aleksander Barkov said. He was in on all three goals the Oilers had in the middle frame, scoring once and adding two assists. Leon Draisaitl, Hyman and Nugent-Hopkins were all pointless — a big reason the Oilers were in their gigantic hole.
Persons: Connor McDavid, Yogi Berra, “ it’s, McDavid, Wayne Gretzky’s, Dylan Holloway, Mattias Janmark, Adam Henrique, Darnell Nurse, Ryan Nugent, Hopkins, Ryan McLeod, Stuart Skinner, Doug Gilmour’s, Evgeni Malkin, Vladimir Tarasenko, Aleksander Barkov, Conn Smythe, yY2beIXAwx — Michael Russo, Bob, Sergei Bobrovsky, Anthony Stolarz, Bobrovsky, Holloway, Zach Hyman, , ” Darnell Nurse, eason, ince, enrique, tim e, nic, ove Organizations: EDMONTON —, Edmonton Oilers, ” Edmonton, Florida Panthers, Rogers, Wayne Gretzky’s NHL, Oilers, Panthers, Edmonton, Montreal Canadiens, New York Rangers, New Jersey Devils, ” Panthers, Boston Bruins, Eastern Conference, ” Oilers, ust, pla Locations: South Florida, goa
Many forms of help are tied to the federal poverty line, which is calculated using a formula that has largely not been updated since the 1960s. The poverty line is calculated in an outdated wayThe current federal poverty line for the 48 contiguous states and Washington, DC, is $15,060 a year for one person, $20,440 for a family of two, and $31,200 for a family of four. Courtesy of Melissa HeddenMuch of the resistance to changing the federal poverty line could stem from the government's desire not to inflate the number of people in poverty overnight. AdvertisementRep. Kevin Mullin, a Democrat from California, has introduced legislation — called the Poverty Line Act— that would modernize the federal poverty line, taking into account actual costs of goods and how prices differ across regions. Do you make above the poverty line but not enough to meet your daily needs?
Persons: , Jason Hopkins, Hopkins, he's, He's, doesn't, ALICE —, Nyx, Beth Jarosz, Kyle Ross, ALICE, Mollie Orshansky, Jarosz, Stephanie Hoopes, United For ALICE, they've, Melinda Binkley, Ryan Arbuckle, Louis, Oleg Parubin, Parubin, Melissa Hedden, Melissa, Ross, Biden, Kevin Mullin, Mullin, Michael Tubbs, Tubbs Organizations: Service, Business, America, Center for American Progress, Bureau of Labor Statistics, of Health, Human Services, Assistance, Women, Children, United For, SNAP, Bills, Senate Locations: Illinois, Washington, DC, Stillwater , Minnesota, St, Manhattan, Airbnbs, North Carolina, California, Stockon , California, Illinois —
Because the event is a festival and not just a one-off concert, buying Electric Forest tickets is a bit more complex than simply picking a seat. Electric Forest 2024 festival scheduleElectric Forest 2024 begins June 20 and continues through June 23 in Rothbury, MI. Date City Vivid Seats prices StubHub prices June 20 Rothbury, MI - $466 June 21 Rothbury, MI - $412 June 22 Rothbury, MI - $1,166 June 23 Rothbury, MI - - June 20-23 Rothbury, MI $433 $332How to buy tickets for Electric Forest 2024 festivalWhile original tickets are sold out, some Electric Forest tickets are still available from verified resale outlets, including Vivid Seats and StubHub. While original Electric Forest tickets are sold out, as of this writing, StubHub has general admission tickets starting at $332 for the four days. Check out Electric Forest's full lineup, schedule, campground map, and more at the Electric Forest website.
Persons: Nelly Furtado, Ludacris, John Summit, Dom Dolla, StubHub, Ben Bohmer, Subtronics, Charlotte De White, Umphrey's McGee, Atliens, Barclay Crenshaw, Cassian, Chase, G Jones, Green, Kenny, Mau, Neil Frances, Rawayana, Sammy Virji, Sara Landry, Vini, Whyte Organizations: Business, Electric, Madison House, Vivid, Sherwood Court, John, Seven Lions Locations: Rothbury , Michigan, Rothbury , MI, Rothbury, MI, StubHub, multipacks
Along with the Māori of New Zealand and groups from the Cook Islands, Indigenous leaders from Tahiti, Tonga, Hawaii, and Easter Island signed the He Whakaputanga Moana treaty. In the coming months, she plans to engage with various countries throughout the Pacific to discuss whale personhood legislation. The Cook Islands office said it had “yet to receive a formal submission” from indigenous leaders on the declaration’s implementation. Māori King Tūheitia Pōtatau and Tou Travel Ariki, Cook Islands President of the House of Ariki, at the signing of the He Whakaputanga Moana declaration in Rarotonga, Cook Islands. This came after a global ban on commercial whaling was instituted by the International Whaling Commission in 1986.
Persons: Mere, , Tūheitia Pōtatau, Josh Baker, ” March’s, , Takoko, Britain’s King Charles III, Moana, Māori, Michelle Bender, ” Bender, Carlos Duarte, Ralph Chami, Chami, Miguel Medina, ” Chami, Duarte, Emily Charry Tissier, Charry Tissier, ” Duarte Organizations: Hong Kong CNN, Easter, Conservation, Fund, Nature, Conservation International Aotearoa, Ocean Initiative, New Zealand, Nations, New, Commonwealth, CNN, RNZ, New Zealand’s Ministry of Foreign Affairs, Trade, ’ Office, International Whaling Commission, Ocean, King Abdullah University of Science, Technology, Bahia, Natural, Getty, , International Monetary Fund, Initiative, United Nations Locations: Hong Kong, Rangitukia, New Zealand’s, Cook, New Zealand, Cook Islands, Tahiti, Tonga, Hawaii, Moana, Rarotonga, Atlantic, New, Te Whānau, Pacific, Samoa, Whanganui, , Zealand, , New Zealand, Wellington, Seattle, Japan, Washington ,, Bahia Malaga, Colombia, AFP
“They’re both promising not to tackle the debt,” Ryan said, coming back to the issue that has animated his political career. Trump wants to extend all of the tax cuts, which could further explode the debt without corresponding spending cuts. When Trump and Republicans enacted the current tax structure, they made individual tax cuts temporary and most of the corporate tax cuts permanent. Biden has proposed additional taxes on those making more than $400,000 to address Medicare’s solvency, among other ideas, but does not have a detailed Social Security plan. The dirty little secret in all of this is, Medicare and Social Security are going insolvent on their own.
Persons: Donald Trump, Paul Ryan, he’ll, Trump, , Ryan, Republican –, , ” Ryan, Sen, Mitt Romney, “ They’re, Joe Biden, Biden, Barack Obama, CNN’s Tami Luhby, What’s, won’t, Alan Greenspan, Obama, Republican Sen, Alan Simpson, Erskine Bowles Organizations: CNN, Trump, Republican, Fox News, Social Security, Democrats, Affordable, Biden, Republicans, Democratic, American, Treasury, Medicare, Fox, Federal, White House, National Commission Locations: Wisconsin, Trump, Luhby
Read previewFrom versatile crispy jalapeño pieces to luscious Southern-style peach ice cream, Trader Joe's has plenty of seasonal items for the summer. As part of an ongoing series in which I review Trader Joe's seasonal products, I gave the chain's summer offerings a try. These crispy jalapeño pieces would elevate just about any summer mealI had heard great things about Trader Joe's crispy jalapeño pieces. No frozen treat is complete without one of Trader Joe's organic sugar conesThis sugar cone paired well with Trader Joe's peach-crisp ice cream. As my experience is with most Trader Joe's salad kits, I think it also could've used a lot more dressing.
Persons: , Joe's, Wilson, arugula, I've, graham, shortbread, dill, Wilson I'm, doesn't, garlicky, you'd, hummus, Savanna, I'm salivating, I'm, crisps, they're, ravioli, I'd, morsel, didn't, soggy, It's, jalapeño, jalapeño crisps Organizations: Service, Business, Wilson, nacho, snacking Locations: Savanna, dill, Jolly, radicchio
Read previewAt a recent exhibition in Hong Kong, Saudi Arabia showcased its futuristic vision for its planned Neom megacity. It was part of Saudi Arabia's drive to secure billions in new investment for the project, which is the centerpiece of Saudi ruler Mohammed bin Salman's Vision 2030 strategy. China sees Saudi Arabia as not just a business opportunity but a way of undercutting the influence of its longtime Saudi ally, the US. AdvertisementIn April, Saudi Arabia's Public Investment Fund-subsidiary Alat signed a deal with Dahua Technology, one of China's most important surveillance technology firms. "The main risk today to Saudi Arabia's tech cooperation with China is the growing China-US tech war.
Persons: , Mohammed bin Salman's, Xi Jinping, Mohammed bin Salman Al Saud, Yue Yuewei, Leonard Chan, Robert Mogielnicki, Abdullah Al, Crown Prince Mohammed, Alat, GREG BAKER, Camille Lons, Neom that's, Saudi Arabian Crown Prince Mohammed bin Salman, Saudi Arabia's, Biden Organizations: Service, Business, Saudi, Saudi Crown Prince, Getty, Hong Kong Innovative Technology Development Association, Gulf States Institute, Crown, Public Investment Fund, Dahua Technology, US, European Council, Foreign Relations, Saudi Arabian Crown, New York Times Locations: Hong Kong, Saudi Arabia, Saudi, Riyadh, Xinhua, China, Washington, Neom, Riyadh Tower, Beijing, Israel
The digital dermatologist will see you now
  + stars: | 2024-06-13 | by ( Susan Griffin | ) edition.cnn.com   time to read: +8 min
video calls and digital images to discuss skin concerns remotely) compared to 14.1% pre-Covid, said the American Academy of Dermatology. The advent of digital dermatology, pushed forward by increasingly innovative and sophisticated digital tools — not only smartphones and video calling apps but artificial intelligence — is enabling a growing number of global brands to diagnose, prescribe and produce bespoke creams via virtual consultation rooms. I tried Klira, a digital dermatology service co-founded in 2021 by British dermatologist Dr. Emma Craythorne. From Simon Ourian MDWhile digital dermatology makes it possible to access the expertise of people who might otherwise be out of your price bracket or zip code, there are inevitable drawbacks and limitations to using a digital dermatologist exclusively. “Although it was not a total transformation, my skin did get a bit better and I would recommend the digital dermatologist route,” she said.
Persons: tweens, , Shoshana Marmon, Emma Craythorne, Klira’s, dermatologists, Craythorne, Claire Todd, Emily Thompson, Dr Simon Ourian, Kim Kardashian, Megan Fox —, Dr Simon, “ I’d, Simon Ourian, Thompson, ” Dr, Ifeoma Ejikeme, Bryony Firth, , I’d, I’ve, Ejikeme Organizations: CNN, Technology, American Academy of Dermatology, Dermatology, New York Medical College, Klira, Adonia Medical Clinic Locations: Cleethorpes, England, Los Angeles, London, Bernard, Gloucestershire, New York
Geologist M. King Hubbert developed the "peak oil" theory in the 1950s. He famously projected that U.S. oil production would peak between 1965 and 1970, which seemed accurate as U.S. oil production did peak around 1970. Hubbert's prediction about the U.S. oil production peak was largely accurate for conventional oil production. Still, global oil production has not followed Hubbert's anticipated timeline due to discoveries, technological advancements, and new extraction techniques. Hydraulic fracturing (fracking) and deep-water drilling have significantly increased oil production beyond what was initially thought possible.
Persons: M, King Hubbert, Hubbert, Hubbert's, I've, Ford Organizations: Federal Electric Vehicle, ICE, GM, Ford, Trade Locations: United States, California
Read previewBird flu is flying wild, and it has many infectious disease experts more worried now than ever. The H5N1 avian influenza virus has killed tens of millions of birds across the planet and more than 40,000 sea lions and seals. Most people seem to have very little chance, if any, of catching H5N1 avian influenza right now. Jim Vondruska/ReutersBut infectious disease experts are increasingly concerned that the H5N1 virus could make a sustained jump into humans and start spreading among us. This virus is a leading candidate for the next pandemic, and four developments in the past month have experts worried.
Persons: , Jim Vondruska, That's, Dr, Monica Gandhi, Bird, WHO —, Christopher Dye, Dye, David L, Ryan, Gandhi, Tayfun, Rick Bright, Cynthia Goldsmith, Jackie Katz, Richard Webby, Jude, Talita, Lima Freitas, Amanda Perobelli, Marko Geber, Terry Chea, they've Organizations: Service, CDC, Business, Global Medicine, University of California, Health Organization, WHO, University of Oxford, Boston Globe, Getty, US Department of Agriculture, Anadolu Agency, The Telegraph, Biomedical, Research, Development Authority, AP, Centre, Studies, Reference Laboratory, World Organization for Animal Health, Vaccines, University of Pennsylvania Locations: Luz, Monee , Illinois, San Francisco, Australia, Kolkata, India, New Mexico, New York, St, Michigan, Campinas, Brazil
Martonaphoto | Moment | Getty ImagesUpdates aimed at improving benefit accessThe Social Security Administration is taking steps to try to reduce some of the restrictions that come with SSI benefits. It is also expanding the rental subsidy policy for SSI applicants and beneficiaries, as well as the definition of a public assistance household. Those changes should allow more people to access and qualify for SSI, O'Malley said. Under current limitations, at work, SSI beneficiaries may not be able to contribute to a 401(k) or earn raises. Individuals who receive both Social Security and SSI benefits may see reductions to their payments.
Persons: O'Malley, Emerson Sprick, Rylin Rodgers, Rodgers, Wendell Primus, Nancy Pelosi, Tracey Gronniger Organizations: Social Security Administration, SSI, Social Security, Center, Microsoft, Brookings, Justice, Aging
Davidson thinks the artificial intelligence plans Apple unveiled on Monday will lead to a new era for the iPhone and open up possibilities for the tech company as it asserts itself in the AI race. Analyst Gil Luria upgraded Apple to buy and raised his price target to $230 per share from $200, which suggests a roughly 19% upside from Monday's $193.12 close. Luria's upgrade comes on the heels of Apple's announcement of its long-awaited generative AI initiatives , which it calls "Apple Intelligence," at its Worldwide Developers Conference, or WWDC, on Monday. That could lead to a much-needed iPhone upgrade cycle, Luria said, raising his fiscal year 2025 estimates above consensus on the expectation of an AI-driven boost for the smartphone maker. "Importantly, Apple is uniquely positioned to offer these capabilities, and may be the only one capable of doing so any time soon," Luria added.
Persons: D.A, Davidson, Gil Luria, Max, Luria, Apple, Siri Organizations: Apple, Apple Intelligence, Worldwide Developers Conference, Napster
Moderna on Monday said its combination vaccine that targets both Covid-19 and the flu was more effective than existing standalone shots for those viruses in a late-stage trial. Moderna's messenger RNA combination shot, called mRNA-1083, is made up of both the company's vaccine candidate for seasonal influenza and a newer, "next-generation" version of its Covid shot. The study compared the combination shot with an enhanced flu vaccine called Fluzone HD and Moderna's currently licensed Covid shot, Spikevax, in one group of patients ages 65 and above. Moderna is also developing a combination shot targeting the flu and RSV, and another vaccine targeting all three respiratory viruses: Covid, flu and RSV. Meanwhile, Pfizer and BioNTech also are studying a vaccine that targets both Covid and the flu in a late-stage trial.
Persons: Stephane Bancel, Novavax, Bancel, Moderna, BioNTech Organizations: Pfizer, Novavax, Moderna, Covid Locations: U.S
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