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Comcast (CMCSA) Q1 2023 earnings

Comcast topped analyst expectations with its first quarter earnings report Thursday, despite the cable and media giant’s residential broadband business’s slowing growth and mounting Peacock losses. Shares of the company rose more than 3% in premarket trading. The stock is up more than 4% so far this year through Wednesday’s …

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Illumina CEO touts Grail revenue amid proxy fight with Icahn

Illumina CEO Francis deSouza on Wednesday touted the company’s controversial acquisition of Grail after revenue from the cancer test developer doubled in the last year.  The Grail deal is the focus of a heated proxy fight between Illumina and activist investor Carl Icahn. Antitrust regulators in the U.S. and Europe …

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Illumina plans cost cuts as it faces shrinking margins

A building on the campus at the world headquarters of Illumina is shown in San Diego, California, September 1, 2021. Mike Blake | Reuters Illumina on Tuesday unveiled plans to cut costs in a bid to improve the DNA sequencing company’s shrinking margins. The plans aim to reduce Illumina’s annualized …

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CinemaCon 2023: Warner Bros. teases ‘Barbie,’ ‘Dune: Part Two’

Margot Robbie will star as Barbie in an upcoming movie from Mattel and Warner Bros. Mattel | Warner Bros. Let’s go, Barbie. Warner Bros. Discovery put the forthcoming film at the center of its CinemaCon studio presentation on Tuesday, with executives — including Jeff Goldstein, president of domestic distribution, and …

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FDA grants accelerated approval for Biogen ALS drug

A pedestrian walks past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images The Food and Drug Administration on Tuesday granted accelerated approval for Biogen‘s drug tofersen, which treats a rare and aggressive form of the disease known as ALS. Accelerated …

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Biogen not worried about Alzheimer’s competition with Eli Lilly

A person skateboards past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Biogen isn’t worried about competing with Eli Lilly as they both attempt to bring an Alzheimer’s drug to the market, Biogen’s CEO said Tuesday.  “I think it will …

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McDonald’s diners push back against price increases, CEO says

McDonald’s customers are pushing back against higher prices in some markets and adding fewer menu items to their orders, CEO Chris Kempczinski said Tuesday. Shares of McDonald’s fell slightly Tuesday, but the stock hit a new 52-week high. McDonald’s is up about 10% so far this year. related investing news …

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Travel recovery boosts jet engine units at GE and Raytheon

Technicians assemble a General Electric Co. CFM56-7B jet engine at the company’s Aviation Assembly & Test facility in Research Triangle Park in Durham, North Carolina. Jim R. Rounds | Bloomberg | Getty Images A recovery in air travel is lifting sales and repairs at the engine units at General Electric …

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Steve Apostolopoulos ‘still in hunt’ for Washington Commanders

The saga over Washington’s embattled football team might not be over quite yet. Canadian billionaire Steve Apostolopoulos appeared on CNBC’s Squawk Box on Monday, telling Andrew Ross Sorkin that he’s “still in the hunt” when it comes to purchasing the Washington Commanders. “I want to respect the process, but it …

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Bed Bath & Beyond files for bankruptcy protection

A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond on Sunday filed for Chapter 11 bankruptcy protection after it failed in several last-ditch efforts to raise enough money …

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