Daily US Stock Market News Briefing (Tuesday, August 27)

USHK News
2024.08.27 13:31

Important News

  1. The U.S. Department of Energy: will allocate USD 521 million to continue building the national electric vehicle charging network.

Individual Stock News

  1. Trip.com (TCOM.O) reported Q2 revenue of RMB 12.79 billion, a year-on-year increase of 14%, analysts expected RMB 12.75 billion; net profit attributable to shareholders was RMB 3.833 billion, a year-on-year increase of 507.45%.

  2. Several investment banks have lowered the target price for Pinduoduo (PDD.O).

  3. Paramount Global (PARA.O) Special Committee: The transaction with Skydance has completed the "inquiry" stage, and the transaction is expected to be completed in the first half of 2025, bringing immediate value.

  4. Eli Lilly (LLY.N) has started selling the "weight loss miracle drug" Zepbound to patients in single-use vials for a minimum of USD 399 per month.

  5. Sanofi (SNY.O) has decided to temporarily suspend the supply and sales of flu vaccines in China.

  6. Sony (SONY.N) will raise the selling price of PS5 in Japan by 13,000 yen starting September 2.

  7. The Biden-Harris administration announced a preliminary agreement with HP Inc. (HPQ.N) to support the development and commercialization of cutting-edge semiconductor technology.

  8. XPeng Inc. (XPEV.N) is seeking to produce electric vehicles in Europe and plans to build a large data center.

  9. JD.com (JD.O): will implement a stock repurchase plan of up to USD 5 billion within the next 36 months.

  10. Google (GOOG.O) has confirmed that it will launch the Android 15 update for Pixel devices in October

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