On its third-quarter earnings conference call, AbbVie (ABBV) said that it expected its gross margin ratio for 2018 to be more than 80.5% and its adjusted operating margin to be close to 45%. In the third quarter, AbbVie reported an adjusted gross margin of 81.7%, a YoY (year-over-year) rise of 90 basis points. It expects a further positive impact of 170–180 basis points on its gross margin in 2019 due to the royalty termination.
The U.S. Commerce Department said on Tuesday it has revoked some licenses that allow companies to ship goods, such as chips, to China's mobile phone and laptop maker Huawei. The decision comes after the release last month of Huawei's first AI-enabled laptop, the MateBook X Pro powered by Intel's new Core Ultra 9 processor. That announcement drew fire from Republican lawmakers, who said it suggests the Commerce Department had given the green light to Intel to sell the chip to Huawei.
The Milken Institute Global Conference is underway in Los Angeles, California. The institute’s Chairman, Michael Milken, sat down with Tesla (TSLA) and SpaceX CEO Elon Musk to discuss space, artificial intelligence, population growth, and what keeps him up at night. Space (00:00:05) Musk explains that he wants “to be a multi-planet civilization so that we have planetary redundancy, such that no single event can… be the end of our civilization.” AI (00:00:21) “It’s very important to have a maximum truth-seeking AI… and a maximumly curious AI,” Musk notes. While “biological intelligence can serve as a… backstop, as a… buffer of intelligence… almost all intelligence will be digital.” Population Growth (00:00:52) “The more prosperous a civilization and the more a civilization feels that it does need to defend against external threats, the lower the birth rate,” Musk discusses. “You should really think of human civilization as being like a tiny candle in a vast darkness, and we should do everything possible to ensure that… candle does not go out.” For more expert insight and the latest market action, click here.
The show's production company reportedly investigated actress Reece Lyons' claims after her story went viral on X
Columbia University and numerous other schools have refused Gaza solidarity protesters’ demands for divestment
Former president back in Manhattan Criminal Court for further witness testimony
Gentleman’s club has faced pressure to change admissions rules since membership list was leaked to the press
SAN DIMAS, Calif., May 07, 2024--Geoscience Support Services, Inc., a leading geohydrology firm providing specialized hydrogeology and groundwater consulting and services, today announced a new contract with the Mojave Water Agency (MWA) to evaluate groundwater resources and develop advanced recovery and management strategies.
CBS via Getty ImagesIn a bit of celebrity beef you probably never saw coming, Bette Midler has said she regrets not suing Lindsay Lohan.During an interview on David Duchovny’s podcast Fail Better, Midler discussed some of her various career failures, which she said includes not “asserting” herself after her early-aughts sitcom Bette began to fall apart. Lohan, who was around 14 years old at the time, had signed on to play Midler’s daughter on the show, but backed out after shooting the pilot. Sh
Baby Reindeer has become a sleeper hit for Netflix. While viewership dipped slightly versus the week prior, Richard Gadd’s stalker series still amassed 18.6M views from April 29 to May 5, easily placing it atop the streamer’s TV charts. In fact, it was the most-watched title of the week again, as well. Baby Reindeer is …
The first Planet of the Apes movie under the Disney regime after absorbing Fox hits theaters this weekend with Kingdom of the Planet of the Apes poised to do $50M+ domestic, and $130M WW. After the dull opening of Universal’s Fall Guy, Jesus, God, Saint Mary and Joseph, let’s hope those projections stay steady. Apes …
Actress Susan Buckner, who played Olivia Newton-John's best friend Patty Simcox in the movie musical "Grease," died Thursday at the age of 72.
Key Insights Significantly high institutional ownership implies SmartRent's stock price is sensitive to their trading...
The U.S. dollar rose against most currencies on Tuesday, steadily gaining ground throughout the day as investors digested the latest comments from Federal Reserve officials about the possible path of interest rates. Minneapolis Federal Reserve President Neel Kashkari said at a Milken Institute conference that stalled inflation, kept higher in part by housing market strength means the central bank will need to hold borrowing costs steady for an "extended period," and possibly all year. Kashkari did, however, also say it is still possible the Fed could cut if inflation being to cool again.
After nearly two centuries of exclusion, the Garrick Club has finally been dragged into the 21st century by agreeing to open its doors to women members. Excluding women from these networking opportunities contributes to deep issues of gender disparity in the profession. Over half of solicitors are women, but men constitute 71 per cent of large law firm partners, 80 per cent of KCs, and 72 per cent of judges.
A hiker found the dangerous treats near the North Trail Loop leading to the George W. Outerbridge shelter in Washington Township, Pennsylvania, authorities said
AltaGas Ltd. ( TSE:ALA ) has announced that it will pay a dividend of CA$0.2975 per share on the 28th of June. Based on...
The Georgia Republican wants the speaker to block Ukraine aid and defund Jack Smith’s probes into Donald Trump
A lyrical beef between the Canadian rapper and US rival Kendrick Lamar has exploded in recent days.
"I have been dreaming of holding you in my arms for months."
A security guard has been shot outside Drake's mansion in Toronto. The male security guard - whose name has not been revealed - was standing outside the gates of the property when the shooting occurred, at around 2am on Tuesday morning (07.05.24). Police have confirmed that the guard was seriously injured in the shooting and that he had to be taken to hospital for treatment. Toronto Police said on X: "SHOOTING: "Bayview Ave and Lawrence Ave E "2:09 am "- reports of a shooting "- police o/s "- ma
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