Author: Multibagger News

By Luc Cohen NEW YORK (Multibagger) – A Pakistani man with alleged ties to Iran is set to appear in U.S. court on Monday on charges of scheming to assassinate an American politician in retaliation for the killing of Iran’s Revolutionary Guards top commander Qassem Soleimani. Federal prosecutors in Brooklyn say Asif Merchant, 46, spent time in Iran before traveling to the United States to recruit people for the plot. Merchant told a confidential informant he also planned to steal documents from one target and organize protests in the United States, prosecutors said. The defendant named Donald Trump as a…

News Corp (NASDAQ:) Unveils $1 Billion Buyback Program Amidst Revenue Growth Today, News Corp (NASDAQ:) revealed its ongoing share buyback efforts under its $1 billion Repurchase Program. The company, known for its presence in the publishing industry, is authorized to acquire its outstanding Class A and Class B common stock as part of the program. In the filing with the Australian Securities Exchange (ASX) and the latest SEC filing, News Corp included forward-looking statements regarding its intentions to repurchase its shares from time to time. These plans are subject to various factors, including market conditions, stock prices, applicable laws, and…

GE Vernova (GEV) Set to Surge: Barclays Predicts Stellar Growth and Lucrative Investment Opportunities Barclays Analysts Forecast Explosive Growth for GE Vernova: Overweight Rating and $250 Price Target — Key Highlights: Superior Growth Projections: Barclays analysts forecast "superior top- and bottom-line growth" for GE Vernova (GEV). Overweight Rating: Initiated with a $250 price target. Strong Earnings and Free Cash Flow (FCF): Driven by strong pricing, productivity efforts, and volume leverage. Significant Buybacks and Dividend Increases: Anticipated in the near future. Strategic Advantage: High exposure to electric utility capital expenditures (capex). — Detailed Analysis Growth and Financial Projections Barclays analysts have…

Why 25% of Swiss Industrial Companies are Unhappy with UBS Post Credit Suisse Takeover – Exclusive Survey Results Revealed! By John Revill In a recent survey conducted by Swissmem, it was found that nearly a quarter of Swiss industrial companies are dissatisfied with the service provided by UBS, particularly in lending, following its takeover of Credit Suisse in 2023. This revelation comes as a blow to UBS’s attempts to demonstrate that it is not exploiting its dominant position in the market. Since acquiring its main competitor, UBS has faced increased scrutiny amid concerns that Swiss businesses would suffer as a…

By David Shepardson U.S. Postmaster General Louis DeJoy has assured the public that he is fully committed to ensuring that all ballots for the 2024 presidential election will be delivered in a timely fashion. In response to concerns raised by state and local officials, DeJoy has pledged to address the issues at hand. A group of election officials recently expressed serious concerns about USPS’s ability to handle the delivery of millions of ballots for the upcoming election. They cited issues with processing facility operations, lost or delayed mail, and training deficiencies affecting USPS’s ability to deliver election mail accurately and…

Runway Unveils API for Building AI Models Into Third-Party Platforms Runway, a leading AI startup, has recently announced the launch of an API that allows developers and organizations to integrate their generative AI models into various platforms, apps, and services. This API, currently in limited access with a waitlist, offers a single model, Gen-3 Alpha Turbo, along with two plans, Enterprise and Build. Pricing is set at one cent per credit, with 5 credits required for a second of video. The API also comes with unique disclosure requirements, including the need to prominently display a “Powered by Runway” banner on…

TD Cowen reaffirms its Buy rating on Alnylam Pharmaceuticals (NASDAQ: ALNY) with a price target of $282.00, following positive engagements at the European Society of Cardiology (ESC) congress. The company is gearing up for a potential label expansion for its product Amvuttra, set for the first half of 2025, with plans to increase its sales force by 30-40% to target cardiologists prescribing Vyndamax. Analysts anticipate a strong commercial performance for Amvuttra in late 2024, backed by promising data from the HELIOS-B study and solid financial performance in the second quarter. Key Points: Alnylam Pharmaceuticals (ALNY) receives a Buy rating and…

The Ultimate Guide to Understanding the Impact of U.S. Dollar’s Mixed Performance on the Financial Markets In a world filled with uncertainty, the U.S. dollar’s performance in the financial markets can have a significant impact on your investments and finances. As the world’s best investment manager and financial market journalist, I am here to break down the latest data and trends to help you navigate this complex landscape. Recent data has shown that underlying inflation in the U.S. economy rose in August, leading to expectations that the Federal Reserve will likely implement a smaller 25-basis-point interest rate cut option next…

Boeing to Pay Embraer $150M Over Aborted Deal Amidst COVID-19 Fallout: What It Means for Investors Introduction SAO PAULO (Multibagger) – In a significant development in the aerospace industry, Boeing has agreed to compensate Embraer with a gross amount of $150 million. This payment results from Boeing’s decision to terminate negotiations for a commercial aviation partnership in 2020, according to the Brazilian planemaker’s announcement on Monday. Background This deal concludes a protracted arbitration process initiated after Boeing pulled out of a $4.2 billion agreement to acquire Embraer’s commercial jet manufacturing operations amidst the COVID-19 pandemic. The original agreement was forged…

Federal Reserve September Meeting: Analysts Divided Over Rate Cut Size As the Federal Reserve’s September meeting approaches, analysts and markets are split on the size of the anticipated rate cut. Will it be a 25-basis-point reduction or a larger 50-bp cut? BCA Research believes a 50-bp cut is still possible, but it would have likely been signaled by Fed officials before the blackout period. However, New York Fed President John Williams and Governor Christopher Waller did not hint at a jumbo cut, leading to expectations of a 25-bp reduction. Despite this, futures markets are now pricing in a 48% chance…