First Look: Abivax Soars, Apple and Google Face UK Probe
Stock News
- Abivax (ABVX, Financial) saw its shares skyrocket by over 400% following successful results from its Phase 3 trials for obefazimod, a treatment for ulcerative colitis. The trials met primary and secondary endpoints, showcasing significant clinical remission. The company plans to file a New Drug Application with the FDA next year, pending further positive data.
- Apple (AAPL, Financial) and Google (GOOG, GOOGL) are under increased scrutiny by the UK's Competition and Markets Authority, which may label them as holding "strategic market status." This designation could lead to regulatory changes due to their dominant roles in mobile ecosystems, potentially impacting their operations in the UK.
- Telix Pharmaceuticals (TLX, Financial) experienced a 16% drop in shares after disclosing a U.S. SEC investigation into its prostate cancer treatment disclosures. Despite a 63% revenue increase in Q2, the probe overshadowed the company's financial performance, leading to a reduced price target by Jefferies.
- Nokia (NOK, Financial) shares fell 7% after the company lowered its 2025 profit outlook due to currency and tariff pressures. The revised guidance reflects challenges from a weaker USD and tariff impacts, with expected operating profit reductions of EUR 50 million to EUR 80 million.
- Hilton Worldwide (HLT, Financial) shares declined by 2.20% after the company set profit guidance below expectations. Despite a 6.4% revenue increase, a decline in RevPAR and economic uncertainties weighed on the outlook. Hilton continues to expand, adding 22,600 net rooms in Q2.
- Amazon (AMZN, Financial) is closing its Shanghai AI research lab amid strategic adjustments and US-China tensions. The closure is part of a broader trend of layoffs and strategic pivots towards AI efficiencies, impacting Amazon's operations in China.
- Intuitive Surgical (ISRG, Financial) updated its 2025 da Vinci procedure growth guidance to 15.5%-17% following the launch of da Vinci 5. The company reported strong financial metrics, with a 21% revenue growth and a 23% increase in earnings per share, driven by product innovation and customer adoption.
- Lockheed Martin (LMT, Financial) announced a 2025 sales outlook of $73.75B-$74.75B while addressing $1.8B in program charges. The company is focusing on program management and risk assessment to capitalize on increased demand for its defense technologies.
- Sherwin-Williams (SHW, Financial) doubled its restructuring target to $105M amid demand softness and competitive shifts. The company is accelerating investments in its Paint Stores Group and revising its sales and earnings guidance due to supply chain inefficiencies.
- KeyCorp (KEY, Financial) raised its 2025 net interest income growth outlook to 22%, driven by robust commercial lending. The company reported a 21% revenue increase and emphasized strong performance in fee-based businesses, with plans to expand its banking and advisory teams.
- Capital One (COF, Financial) highlighted increased integration investment following its acquisition of Discover, expecting a 40bps lift in net interest margin. The acquisition contributed significantly to revenue, despite a net loss due to purchase accounting impacts.
- Hasbro (HAS, Financial) exceeded Q2 earnings estimates and updated its FY25 outlook, projecting mid-single-digit revenue growth. The company reported a 1.5% revenue decline year-over-year but beat expectations with strong performance in its core segments.
- PulteGroup (PHM, Financial) outlined a refined 2025 closing target of 29,000 homes amid volatile demand. The company reported strong financial performance, with strategic benefits from its diversified operating model and geographic breadth offsetting regional challenges.
- Manhattan Associates (MANH, Financial) set a $1.073B 2025 revenue target, expanding its AI-driven platform amid a leadership transition. The company reported record Q2 results, driven by 22% cloud revenue growth and strong pipeline activity.
- Vicor (VICR, Financial) outlined a $5B+ market opportunity in high-density power modules while advancing its Gen 5 vertical solutions. The company reported significant revenue growth, driven by product innovation and strategic customer engagements.
Disclosures
I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
