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☆ Australia plans to boost AUKUS tech-sharing, restrict 'foreign' access
▼ + stars: | 2023-11-14 | by ( Kirsty Needham | ) www.reuters.com time to read: +2 min

The law is meant to replicate U.S. export controls to defence technology, seen as a key step to beginning the AUKUS plan to build a new class of nuclear-powered submarine in Australia and Britain. The proposed law creates three criminal offences, further restricts sharing of defence technology to foreign persons inside and outside Australia, while allowing licence-free sharing among the AUKUS partners. "This is pivotal legislation which is critical for establishing a seamless industrial base with our AUKUS partners," Defence Minister Richard Marles said in a statement on Tuesday. Australia needs to reform its defence industry to remove "burdensome red tape" with Britain and the U.S., he added. Australia's science academy said on Tuesday it was concerned at the impact on scientific collaboration with other nations, including China.

Persons: Richard Marles, Leon Neal, Chennupati Jagadish, Jagadish, Kirsty Needham, Gerry Doyle Organizations: UK Artificial Intelligence, Rights, U.S . State Department of, U.S . Congress, Australian Academy of Science, Thomson Locations: Bletchley, Britain, United States, Australia, Virginia, U.S, China, Canberra

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Apple, Disney, Microsoft, AMD, Amazon, Adobe & more
▼ + stars: | 2023-11-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley downgrades Freyr Battery to equal weight from overweight Morgan Stanley said the battery maker faces "significant challenges." Barclays upgrades Fortrea to overweight from equal weight Barclays said in its upgrade of the health contract research company that it sees improved bookings. Barclays upgrades Mosaic and Nutrien to overweight from underweight Barclays upgraded several potash and aggriculture companies and said a compelling entry point. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by its overweight rating on shares of Tesla . Barclays reiterates Disney as equal weight Barclays said it's having trouble finding upside for Disney shares.

Persons: Wells, Needham, Docebo, Morgan Stanley downgrades Freyr, Morgan Stanley, FREY, Andrew Stanleick, Bernstein, Redburn, Goldman Sachs, Goldman, it's, Baird, Kraft Heinz, Miguel Patricio, " Roth, Marvell, Roth, Tesla, laggards, Evercore, TD Cowen, Cowen, We've Organizations: Microsoft, TAM, Deutsche Bank, Deutsche, UBS, Barclays, Mosaic, NTR, ICL, OW, UW, JPMorgan, Apple, Nvidia, Aspen Technology, Kraft, Marvell Technology, Devices, Tesla, Adobe, Disney Locations: BeautyHealth, U.S

☆ Australia Plans to Boost AUKUS Tech-Sharing, Restrict 'Foreign' Access
▼ + stars: | 2023-11-13 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

Persons: Kirsty Needham SYDNEY, Richard Marles, Chennupati Jagadish, Jagadish, Kirsty Needham, Gerry Doyle Organizations: U.S . State Department of, U.S . Congress, Australian Academy of Science Locations: United States, Australia, Britain, Virginia, U.S, China, Canberra

SYDNEY/BEIJING Nov 13 (Reuters) - Australia scored a significant win for influence in the Pacific Islands region with a trump card that China, seeking to expand security ties, doesn't have: the opportunity of resettlement. "It is something China can't do," said Australian National University Pacific expert Graeme Smith. "China can turn up and offer more infrastructure money... they can't turn up and offer this kind of resettlement relationship. Australia also will be able to block any policing deal between China and Tuvalu - as well as any telecommunications, energy or port deal - under its treaty. "Cooperation in the Pacific region tends to focus on non-traditional security, including maintenance of public security and infrastructure to deal with climate change," he added.

Persons: Anthony Albanese, Kausea Natano, Graeme Smith, Richard Marles, Peter Dean, Smith, Wang Yiwei, Kirsty Needham, Martin Pollard, Miral Organizations: SYDNEY, Pacific, Australian National University Pacific, Pacific Islanders, Defence, United States Studies Centre, Albanese's, Pacific Games, State, China Civil Engineering Construction Corporation, Renmin University, Thomson Locations: BEIJING, Australia, China, Tuvalu, Washington, Beijing, Rarotonga, Sydney, Pacific Islands, Solomon Islands, Fiji, Papua New Guinea, Taiwan, Kiribati, U.S, United States, Pacific

☆ Trade Desk shares fall 19% on lower guidance
▼ + stars: | 2023-11-10 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

Shares of digital ad company The Trade Desk fell 19% Friday morning, a day after the company reported third-quarter results and issued weak revenue guidance. Analysts keyed in on the likelihood of softer ad spending in the December quarter. The Trade Desk is one of many companies that have cited weaker ad spending as a reason to exercise caution or temper expectations for the fourth quarter. Meta , Pinterest and Snap all expressed concern over disrupted ad spending due to the Israel-Hamas war. Wolfe Research analysts are concerned over the sustainability of The Trade Desk's growth in connected TV, which is a significant contributor to the company's revenue.

Persons: Wolfe, Needham, Jonathan Vanian, Michael Bloom Organizations: Trade, Wolfe Research, CTV, Needham Locations: Israel

☆ Australia signs security, migration pact with Pacific's Tuvalu
▼ + stars: | 2023-11-10 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

[1/2] A man riding a motorbike is seen reflected in a puddle of water in Funafuti, Tuvalu, August 13, 2019. Under the treaty announced by Australia's Prime Minister Anthony Albanese and his Tuvalu counterpart Kausea Natano, Australia will also vet Tuvalu's security arrangements with other nations. An Australian government official said this requirement covered any defence, police, port, telecommunications, energy or cyber security arrangements by Tuvalu. Although Australia has defence agreements with other Pacific Islands nations, in a region where China recently struck a security pact with Solomon Islands and is seeking to expand its policing ties and infrastructure projects, the Tuvalu treaty goes much further in positioning Australia as its primary security partner. Australia sees deeper economic and social integration with the Pacific Islands as a way to ensure the security of the region, a government official said.

Persons: Mick Tsikasvia, Anthony Albanese, Kausea Natano, Albanese, Natano, " Albanese, Kirsty Needham, Alasdair Pal, Lewis Jackson, Kim Coghill, Christopher Cushing, Lincoln, Michael Perry Organizations: REUTERS Acquire, Rights, Australia's, Tuvalu, Pacific, Tuvalu Falepili, Australia, Canberra, Thomson Locations: Funafuti, Tuvalu, Australia, Taiwan, Beijing, Cook, China, Solomon Islands, Hawaii, Washington, Sydney

☆ Pacific Islands leaders confirm former Nauru president as next top official
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

Nauru President Baron Divavesi Waqa addresses the 73rd session of the United Nations General Assembly at U.N. headquarters in New York, U.S., September 26, 2018. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSYDNEY, Nov 10 (Reuters) - The Pacific Islands Forum confirmed the selection of former Nauru President Baron Waqa as the 18-member bloc's next top official at a meeting on Friday in the Cook Islands. Current Nauru President David Adeang had abruptly left the annual leaders meeting a day earlier after objections were raised by at least one Pacific Islands leader over Waqa's nomination. Adeang did not travel with the other leaders to the island of Aitutaki, where meetings resumed on Friday. "I inherited a fractured Pacific forum.

Persons: Baron Divavesi Waqa, Eduardo Munoz, Baron Waqa, bloc's, David Adeang, Adeang, Waqa, Sitiveni Rabuka, Henry Puna, Kirsty Needham, Tom Hogue Organizations: United Nations General Assembly, REUTERS, Rights, Pacific Islands Forum, Nauru, Fiji, Thomson Locations: Nauru, U.N, New York, U.S, Cook, Aitutaki, Taiwan, China, Micronesia, Polynesia, Melanesia

☆ I'd be more positive on Disney if Nelson Peltz gets board seats, says Needham's Laura Martin
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'd be more positive on Disney if Nelson Peltz gets board seats, says Needham's Laura MartinLaura Martin, Needham managing director, joins 'Closing Bell' to discuss Martin's thoughts on Disney's stock, what would make Disney's stock more compelling and if Apple should buy Disney or ESPN.

Persons: Nelson Peltz, Needham's Laura Martin Laura Martin, Needham Organizations: Disney, Apple, ESPN

☆ Three tips to maximize benefits during open enrollment
▼ + stars: | 2023-11-08 | by ( Chris Taylor | ) www.reuters.com time to read: +4 min

More than two out of three employees (67%) spend less than 30 minutes reviewing benefits options during open enrollment season, while almost half spend less than 20 minutes, a new Voya Financial survey shows. To get enrollment over with quickly, more than 90% of employees click the same options as last year, a new report by insurer Aflac shows. Compound that figure from enrollment every November, and you can see how your options can create a solid financial future or a shaky one. "Open enrollment isn't just a formality. After all, things might have changed since the previous open enrollment.

Persons: Eric Thayer, Sean Lovison, Jack Heintzelman, Spenser Liszt, Liszt, Nate Black, Black, it's, Chris Taylor, Lauren Young, Richard Chang Organizations: Macy's, of Labor Statistics, Employers, Employees, Thomson Locations: New York, Moorestown , New Jersey, Needham Heights , Massachusetts, Dallas

☆ Chaos as Optus outage disconnects half of Australia
▼ + stars: | 2023-11-08 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

"Because of the outage it won't load," Rogers told Reuters while he was waiting at the pharmacist for the internet to return. Optus, which is owned by Singapore Telecommunications, (STEL.SI) gave no explanation for the outage except to say it was investigating it. Until then, even taking a walk became more difficult, at least for people who needed directions. An office worker from Sydney told Reuters he could not get into his building because the door required an internet-connected smartphone application to unlock. ($1 = 1.5538 Australian dollars)Reporting by Byron Kaye with additional reporting by Kirsty Needham and Sam Holmes; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Rogers, Rogers, I've, Michael Clements, Angela Ican, we've, Roderick Geddes, Byron Kaye, Kirsty Needham, Sam Holmes, Stephen Coates Organizations: SYDNEY, Optus, Reuters, Reserve Bank of Australia, Royal Australian College of General, Singapore Telecommunications, Sydney, Thomson Locations: Sydney

☆ China, Australia to restart annual meetings as trade resumes
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

Australia's Prime Minister Anthony Albanese meets with China's President Xi Jinping at the Great Hall of the People in Beijing, China, November 6, 2023. President Xi Jinping said on Monday stable ties between China and Australia served each other's interests and both should expand cooperation, sending a clear signal that China was ready to move on from recent tensions. The Australian prime minister said he had used the four-day visit to advocate for Australia's interests in trade, human rights, regional and global issues. "While there are differences between us, both Australia and China benefit from cooperation and dialogue," Albanese said. Australia and China had agreed to cooperate on trade, climate change and agriculture, the Australian government said in a statement.

Persons: Anthony Albanese, Xi Jinping, Lukas Coch, Li Qiang, Albanese, " Albanese, Li, Xi, Kirsty Needham, Ellen Zhang, Robert Birsel Organizations: Australia's, of, People, REUTERS Acquire, Rights, U.S, Islands Forum, Thomson Locations: Beijing, China, Rights BEIJING, SYDNEY, Australia, People . China, India, Japan, Pacific, United States, South China, Britain, Sydney

☆ Chaos as Optus Outage Disconnects Half of Australia
▼ + stars: | 2023-11-07 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

"Because of the outage it won't load," Rogers told Reuters while he was waiting at the pharmacist for the internet to return. Optus, which is owned by Singapore Telecommunications, gave no explanation for the outage except to say it was investigating it. Until then, even taking a walk became more difficult, at least for people who needed directions. An office worker from Sydney told Reuters he could not get into his building because the door required an internet-connected smartphone application to unlock. ($1 = 1.5538 Australian dollars)(Reporting by Byron Kaye with additional reporting by Kirsty Needham and Sam Holmes; Editing by Stephen Coates)

Persons: Byron Kaye SYDNEY, Chris Rogers, Rogers, I've, Michael Clements, Angela Ican, we've, Roderick Geddes, Byron Kaye, Kirsty Needham, Sam Holmes, Stephen Coates Organizations: Optus, Reuters, Reserve Bank of Australia, Royal Australian College of General, Singapore Telecommunications, Sydney Locations: Sydney

☆ Jim Cramer blasts warnings from a competitor, says buy cybersecurity leader Palo Alto Networks
▼ + stars: | 2023-11-03 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Despite doom-and-gloom from a competitor around cybersecurity spending, Jim Cramer said Friday that it's the perfect time to buy industry leader Palo Alto Networks (PANW), considering the onslaught of recent high-profile hacks and breaches. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance In fact, companies need the services of cybersecurity specialists, Palo Alto, more than ever nowadays. On Oct. 20 , identity management company Okta (OKTA) said its support systems were hacked. Cramer said Palo Alto Networks stands to benefit. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: Jim Cramer, Fortinet, —, Jim, there's, Estee Lauder, we've, Tracey Thomas Travis, Linda Rendle, Cramer, Needham, Jim Cramer's, David Paul Morris Organizations: Palo Alto Networks, Palo, Boeing, Palo Alto, CNBC, Bloomberg, Getty Locations: Palo Alto, Fortinet, Alto, Palo, Las Vegas, cybersecurity, Santa Clara , California, U.S

☆ Australia's Albanese to highlight trade on China visit as ties warm
▼ + stars: | 2023-11-03 | by ( Kirsty Needham | ) www.reuters.com time to read: +4 min

A quarter of Australia's export earnings come from China, more than the next three trade partners, the United States, South Korea and Japan combined, Albanese said on Tuesday. "Trade as an anchor provides stability and certainty to allow greater engagement while we navigate uncertain currents and obstacles that lie beneath," said Australia China Business Council president David Olsson. Chairman of the Business Council of Australia's global engagement committee, Warwick Smith, said Albanese would highlight the complementary nature of bilateral trade in a speech on Sunday to 500 business people. DIFFICULT TOPICSChina has lauded the visit's timing, on the 50th anniversary of the first to China by an Australian leader, then Prime Minister Gough Whitlam. Although the Albanese government has put dialogue at the centre of its approach to China, most policy remains the same, he said.

Persons: Anthony Albanese, Albanese, Xi Jinping, Richard Marles, David Olsson, Li Qiang, Fortescue, " Olsson, Warwick Smith, Gough Whitlam, Penny Wong, Xiao Qian, Richard Maude, Thomas, Maude, Kirsty Needham, Robert Birsel Organizations: SYDNEY, Australia China Business, Fortescue Metals, Rio Tinto, BHP, Business Council, Asia Society Australia, America, Thomson Locations: China, Shanghai, South, Beijing, Australia, United States, Canberra, Britain, Washington, South Korea, Japan, Rio, CIIE, Philippines, Taiwan

☆ Paramount narrows streaming loss forecast as investments peak
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 3 (Reuters) - Paramount Global shares (PARA.O) surged 10% on Friday, after the media company narrowed the 2023 loss forecast for its fast-growing streaming business as investments peaked a year ahead of target. "We now expect DTC (direct-to-consumer) losses in 2023 will be lower than in 2022 – meaning streaming investment peaked ahead of plan," Paramount CEO Bob Bakish said. Despite the industry's focus pivoting to profitability, analysts do not see a clear path to that target, with brokerage Needham believing that Paramount could be bought by a larger streaming competitor. "It is bite-size enough to be acquired by a larger streaming competitor for its deep library of film and TV content, as well as its sports rights and news assets."

Persons: Dado Ruvic, HBO Max, Bob Bakish, Needham, Samrhitha, Devika Organizations: REUTERS, Paramount Global, Disney, HBO, Rivals Walt Disney, Warner Bros Discovery, Paramount, NFL, Thomson Locations: Bengaluru

☆ How Apple's thinking about AI spending and deployment differs from Big Tech rivals
▼ + stars: | 2023-11-01 | by ( Bob Woods | ) www.cnbc.com time to read: +9 min

And, of course, we've been doing research across a wide range of AI technologies, including generative AI, for years," he said. The upgraded camera uses machine-learning AI to tell the difference between a person and an animal in the frame. Laura Martin, a tech analyst at Needham, is among those who say Apple is "far behind" its big tech rivals. The early edge in generative AI is paying off for rivals, as was evidenced by Microsoft's recent earnings report. "We believe they are on the cusp of what will be the introduction of an AI App Store over the next year," he said.

Persons: Brendan Burke, That's, Tim Cook, Cook, we've, Siri, Apple, it's, Laura Martin, Martin, I'm, Ives, that's, what's, OpenAI, Google's Bard, Burke, Claude Organizations: Apple, Microsoft, Google, Vision Pro, Amazon Web Services, Bloomberg, Meta, Financial Times Locations: Cupertino, California, Seattle, Paris, Beijing, Anthropic

☆ Here's why investors shouldn’t sell on the typical hate-Apple-trade headlines
▼ + stars: | 2023-10-31 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Investors should not jump to offload Apple (AAPL) shares because of a handful of cautious reports ahead of this week's quarterly results. Jim Cramer points out that this has been happening since the first iPhone was released in 2007 and even before that. Even in high-conviction stocks like Apple, we do the homework to constantly test our investment thesis against new developments. "It's a classic negative piece on the company that crystalizes the 'hate Apple trade' that's been going on," Cramer wrote in his Top 10 Things to Watch Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim's, that's, Cramer, there's, Apple, China hasn't, Needham, Jim Cramer's, Jim, Tim Cook, Loren Elliott Organizations: Apple, Wall Street, Google, Justice Department, IDC, Street Journal, U.S, MacBook, CNBC Locations: China, India, Cupertino , California

☆ Apple's keynote event could give updates on new chips for laptops, says Needham's Laura Martin
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's keynote event could give updates on new chips for laptops, says Needham's Laura MartinLaura Martin, Needham senior analyst, joins 'The Exchange' to discuss expectations for Apple's keynote event, the forecast for the company's earnings, and more.

Persons: Needham's Laura Martin Laura Martin, Needham

☆ Bitcoin mining stocks are rallying, but some are poised for a fall if the cryptocurrency hits this key level
▼ + stars: | 2023-10-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

But the Bitcoin halving is expected in the spring and it will likely reduce companies' revenue. The Bitcoin halving event is highly anticipated event by crypto investors because it historically has set the stage for new bull runs. It takes place every four years when the reward for mining bitcoin – which makes up a significant portion of mining companies' revenue – is cut in half. Marathon famously has the highest energy costs and lowest margins, while Riot has relatively low power costs but shares are expensive. Lower revenue, higher costs Generally, the mining stocks benefit from bitcoin price increases because those translate into higher mining revenue for the company.

Persons: John Todaro, Reginald Smith, Needham, CleanSpark, There's, Smith, bitcoin, Michael Bloom Organizations: JPMorgan, Riot, Miners Locations: Marathon

☆ Needham initiates Palo Alto Networks as buy
▼ + stars: | 2023-10-25 | by ( Scott Wapner | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeedham initiates Palo Alto Networks as buyThe "Halftime Report" investment committee debates the biggest analyst calls of the day.

Organizations: Needham, Alto Networks

☆ The market now sees Amazon as more of a cloud and generative AI company, says Needham's Laura Martin
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market now sees Amazon as more of a cloud and generative AI company, says Needham's Laura MartinLaura Martin, Needham Senior Analyst, joins 'Closing Bell Overtime' to talk Amazon earnings set to report Thursday after the market close.

Persons: Needham's Laura Martin Laura Martin, Needham

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Microsoft, Gap, Verizon, Alphabet & more
▼ + stars: | 2023-10-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Wells Fargo upgrades Gap to overweight from equal weight Wells said the turnaround is taking shape for Gap. Deutsche Bank upgrades Livent to buy from hold Deutsche said it sees an attractive entry point for the lithium company. Bank of America downgrades TransUnion to underperform from buy Bank of America double downgraded the stock due to concerns about consumer lending. Bank of America initiates Syndax as buy Bank of America said it sees upside for the pharmaceutical company. Monness, Crespi, Hardt & Co. downgrades Alphabet to neutral from buy Monness said it's concerned about regulatory headwinds.

Persons: TD Cowen, Freyr, FREY, Goldman Sachs, Goldman, it's, We're, Wells, Needham, Etsy, Piper Sandler, Piper, TRU, SocGen, Bernstein, Deutsche Bank downgrades Corning, 2H24, Jefferies, Monness, Crespi, Hardt, Piper Sandler downgrades Livent Organizations: EV, Apple, BMO, Bank of America, Microsoft, GPS, Alto Networks, Deutsche Bank, Deutsche, Citi, TAM, Barclays, Verizon, Piper Sandler downgrades Regions, Citizens Financial, RF, " Bank of America, Farfetch, Machinery, UBS, Nvidia, Veeva, Commercial, Syndax Pharmaceuticals Locations: EVgo, Cybersecurity, Corning, Albemarle, LTHM

☆ Australia, U.S. Leaders to Discuss Pacific Infrastructure, Critical Minerals
▼ + stars: | 2023-10-24 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +3 min

By Kirsty NeedhamSYDNEY (Reuters) - Australia and the United States will announce plans to cooperate on critical minerals and bolster Pacific Islands infrastructure as Prime Minister Anthony Albanese visits Washington this week, a senior Biden administration official said. The two leaders will flesh out details of further cyber security cooperation, in addition to a $5 billion Microsoft investment in Australia, the Biden administration official said. The minerals that will power the globe in the 21st century are things that Australia has significant amounts of," he told reporters in Washington on Monday. Albanese and Biden will also discuss the South China Sea, where tensions between China and the Philippines are rising. The partnership aims to sell Australia nuclear-powered submarines and build a new class of submarine in Australia by 2040.

Persons: Kirsty Needham SYDNEY, Anthony Albanese, Albanese's, Biden, Albanese, Kirsty Needham, Gerry Doyle Organizations: Biden, U.S, U.S . Department of Defense, USAID, Australia, U.S . Congress Locations: Australia, United, Pacific, Washington, United States, U.S, China, Papua New Guinea, Solomon, Philippines, Britain

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Amazon, Tesla, DraftKings, Meta, Monster & more
▼ + stars: | 2023-10-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Tuesday: Bank of America reiterates Apple as neutral Bank of America said China remains a risk for Apple . UBS downgrades Regions to neutral from buy UBS said the Birmingham, Alabama-based regional bank is going into the "penalty box." DA Davidson upgrades Braze to buy from neutral DA said shares of the cloud-based software company will benefit from "resilient growth." Piper Sandler downgrades Monster to neutral from overweight Piper said in its downgrade of Monster that it had previously been just "wrong." Seaport initiates Amazon, Meta and Alphabet as buy Seaport initiated Amazon , Meta and Alphabet on Tuesday, saying it sees further upside for all three.

Persons: Bernstein, Tesla, underperform Bernstein, Goldman Sachs, Goldman, it's bullish, Ingersoll Rand, Stifel, Davidson, Needham, Moffett, Piper Sandler, Piper, MNST, Redburn, Morgan Stanley, Wells, it's, Baird, KeyBanc, –, Tommy Hilfiger, Larsson, Calvin Klein Organizations: Bank of America, Apple, of America, Nvidia, Reuters, AMD, Microsoft, UBS, Regions, Lattice Semiconductor, PSA, Fitness, Retail Media, Barclays, Rio Tinto, FMC Corp, FMC, JPMorgan, PVH, Energy Locations: China, wearables, Birmingham , Alabama, Rio

☆ Paramount's Shari Redstone is open for business, but business may not be open for her
▼ + stars: | 2023-10-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +11 min

Paramount Global 's controlling shareholder is open to a merger or selling the company at the right price, according to people familiar with her thinking. Spokespeople for Redstone and Paramount Global declined to comment. Paramount Global's market value was below $8 billion as of Friday. Discovery could merge with Paramount Global, though putting together Warner Bros. and Paramount Pictures may hold up deal approval with U.S. regulators. Paramount Global isn't actively working with an investment bank on a sale, according to people familiar with the matter.

Persons: Shari Redstone, David A, CNBC Shari, Jon Miller, SpongeBob, Guggenheim, Michael Morris, Morris, Warren Buffett, Berkshire Hathaway, Bob Bakish, Bakish, Wells, Steven Cahall, Cahall, CNBC's David Faber, Lina Khan, Laura Martin, haven't, Simon, Simon & Schuster, Sumner Redstone, NAI, Jim Cramer Organizations: National Amusements, Paramount Global, Allen & Company Sun Valley, Grogan, CNBC, Paramount, Redstone, Integrated Media, Advancit, Paramount Pictures, CBS, MTV, Nickelodeon, Comedy Central, BET, Showtime, NFL, Champions League, Viacom, Berkshire, Paramount Global's, Tech, Apple, YouTube, National Football, Federal Trade, Big Tech, Comcast, NBC, Fox, Disney, Needham & Co, Netflix, Bain, Co, Warner Bros, Sky, Scripps, Discovery, Simon &, MSD Partners Locations: Sun Valley , Idaho, Los Angeles , California, U.S

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