The latest report from the Sierra Club paints a sobering picture of the U.S. utility sector’s transition to clean energy. The Biden administration set an ambitious goal for the U.S. power sector to fully decarbonize by 2035. However, the report finds that the 50 utility parent companies with the most significant fossil fuel investments are only on track to reach 52% clean energy by that deadline. The Sierra Club analysis suggests that the gap between current plans and the federal decarbonization goal could delay efforts to mitigate climate change impacts. Decarbonization Dreams or Delays? The Biden administration set a clear…
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On Tuesday, H.C. Wainwright adjusted the price target for Inventiva SA (NASDAQ:IVA) to $13.00, down from the previous $14.00, while maintaining a Buy rating on the stock. This change follows the announcement made by Inventiva on Monday regarding a significant financing deal. Inventiva disclosed a cash injection of €94.1 million, with €86.6 million in net proceeds, as part of a potential funding package that could reach up to €348 million, subject to certain conditions. The funding round saw participation from both new and existing healthcare investors, including New Enterprise Associates (NEA), BVF Partners LP, and Samsara BioCapital, along with eight…
The Dow Jones Industrial Average is comprised of 30 stocks, but one stands out from the pack. The “Magnificent Seven” is a moniker used to collectively describe a market-moving cluster of some of the world’s largest technology enterprises: Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla. Each is putting its own stamp on the artificial intelligence (AI) landscape, and all have received a lot of attention from media outlets and investors alike. But another AI stock that gets less press has handily outperformed five of the Magnificent Seven over the past two years. Enterprise software leader and Dow Jones…
On Wednesday, BofA Securities updated its outlook on Futu Holdings Limited (NASDAQ:), a leading tech-driven online brokerage firm. The firm’s analyst has increased the price target on the company’s stock to $108.00, up from the previous $90.00, while maintaining a Buy rating. This adjustment reflects a 20% increase in the price objective and is based on revised earnings estimates and valuation multiples. The analyst’s decision to raise the price target is attributed to an updated earnings forecast for the years 2024 to 2026, which sees an increase of 3-12%. The revised estimates are primarily due to a higher assumption of…
Amazon says that it is investing in small nuclear reactors, just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence. View comments Source link
Artificial intelligence could revolutionize cell therapy manufacturing, but the industry needs to get better at gathering and handling data according to an expert, who says companies must stop creating silos. Making a cell therapy is a technically challenging process that combines complicated genetic modification and culturing steps. Each process has variables that must be monitored and controlled. At present, rather than looking at entire processes, most manufacturers tend to collect and analyze data at each unit operation. While this approach affords control over the processing step in question, it also creates silos that limit data use, says Dalip Sethi, PhD,…
Oppenheimer increased its price target on shares of Bank of America (NYSE:BAC) to $50.00, up from the previous $49.00, while maintaining an Outperform rating on the stock. The adjustment follows Bank of America’s reported net interest income of $14.1 billion in the third quarter of 2024, which represents a 1.8% quarter-over-quarter increase. This growth exceeded the mere 1.1% rise anticipated from day count alone, signaling a positive trend that is expected to carry into the fourth quarter of 2024 and beyond. The analyst noted that despite the likelihood of continued forward curve volatility, which may introduce some uncertainty in projecting…
The small-cap Russell 2000 (^RUT) index is up more than 1.5% on Wednesday, far outpacing the gains of the three major indexes and closing in on it’s 52-week high of 2,300.If the Russell closes at its current levels it mark the highest close for the index since November 2021.Small caps have been one of the most highly debated trades on Wall Street in 2024. Given the sector’s higher exposure to refinancing risk, strategists have argued that lower rates will benefit the group. That thesis, combined with evidence that the US economy continues to track for solid growth, has once again…
Bill Catania, Founder & CEO, Among Most Exceptional Entrepreneurs at 2024 Builders and Innovators Summit ORLANDO, Fla.–(BUSINESS WIRE)–Today, Goldman Sachs (NYSE:GS) is recognizing OneRail Founder & CEO Bill Catania as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241016640501/en/Goldman Sachs selected Catania from candidates across multiple industries to be honored at the two-day event. Catania is a start-up entrepreneur focused on developing and commercializing real-time technology networks. OneRail, a last mile omnichannel fulfillment solution that provides dependability and speed to help businesses…
Supporters cheers as US Vice President and Democratic presidential candidate Kamala Harris arrives to speak at a campaign event at the Erie Insurance Arena in Erie, Pennsylvania, on October 14, 2024. Dustin Franz | Afp | Getty ImagesFive of the seven swing states in the 2024 presidential election improved their overall business climates during the Biden-Harris administration, according to CNBC’s annual America’s Top States for Business study. But that does not necessarily mean the states are better off economically, in an election cycle where the economy has consistently ranked at or near the top of voters’ concerns.Since 2007, CNBC has been…