Author: Multibagger News

Title: Audible Revolutionizes Audiobooks with AI-Generated Narration by Professional Voices As the world’s best investment manager and financial market journalist, I am excited to share with you the latest news from Audible, Amazon’s audiobook business. On Monday, Audible announced a groundbreaking new development in the audiobook industry – the use of AI trained on professional narrators’ voices to generate new audiobook recordings. A select group of U.S.-based audiobook narrators will have the opportunity to train AI on their voices, starting this week. This trained AI will be used to create recordings, giving narrators the chance to approve their synthetic voice…

DALLAS – Match Group, a top digital technology provider for meaningful connections, has named Sean Edgett as its new Chief Legal Officer & Secretary, starting on September 23. Edgett, with vast experience from Twitter and UPSIDE Foods, will lead the legal team as Match Group navigates the tech industry’s complexities under CEO Bernard Kim’s guidance in Los Angeles. CEO Bernard Kim is confident in Edgett’s legal prowess and strategic vision to bolster Match Group’s legal framework for growth and industry leadership. Edgett looks forward to addressing legal challenges and supporting Match Group’s mission of global connection through innovative technology. Match…

Oracle Surpasses Q1 Expectations with Robust Cloud Growth and Strategic AWS Partnership In a stellar performance that has caught the eye of investors, Oracle Corporation (NYSE: ORCL) reported impressive fiscal Q1 results on Monday, driven primarily by substantial growth in its cloud services and license support business. The company also announced a strategic multicloud agreement with Amazon Web Services (NASDAQ: AMZN), further solidifying its position in the competitive cloud market. Highlights from Oracle’s Fiscal Q1 Report: Earnings Per Share (EPS): Adjusted EPS of $1.39, surpassing analysts’ expectations of $1.33. Revenue: Generated $13.3 billion, exceeding the forecasted $13.23 billion. Subscription Backlog:…

Revolutionary Price Drop: Apple Slashes iPhone 16 Pro Prices in India by $178! Apple has just announced a groundbreaking move in the Indian market by reducing the prices of its newly launched iPhone 16 Pro lineup by approximately 15,000 rupees ($178) compared to its predecessor’s launch prices. This comes as a result of the benefits from reduced import duties and the expansion of local manufacturing, bringing the starting prices of the iPhone 16 Pro and Pro Max models to 119,900 rupees ($1,428) and 144,900 rupees ($1,725) respectively. This significant price reduction follows India’s recent decision to lower import duties on…

Pacira BioSciences, Inc. has made a significant decision to retain Ms. Laura Brege as a Class I director, following the company’s 2024 Annual Meeting of Stockholders where she received more “withhold” votes than “for” votes. Despite the majority vote director resignation policy, the independent directors of the Board concluded that her departure would not be in the best interests of the company or its stockholders. Several factors were considered before reaching this decision, including Ms. Brege’s past election outcomes, attendance and contributions to meetings, expertise in strategic advisory, and the current composition of the Board. Addressing concerns about being overboarded,…

Investing.com – Stock Market Surges as Apple Unveils New AI iPhones, Inflation Data in Focus The stock market rallied on Monday, bouncing back from a recent slump, as investors reacted to Apple’s latest line of AI-enhanced iPhones and looked ahead to upcoming inflation data. At the closing bell, the Dow Jones gained 484 points, the S&P 500 rose 1.2%, and the Nasdaq increased by 1.2%. Analysts believe the market rebound was driven by oversold conditions and anticipation of monetary support, rather than specific news items. Apple’s stock remained flat despite unveiling its new iPhone 16 models and Apple Intelligence software.…

"Nippon Steel’s $14.9 Billion Bid for U.S. Steel: A Strategic Move or National Security Risk?" Introduction: In a high-stakes corporate maneuver, Nippon Steel has made a bold $14.9 billion bid to acquire U.S. Steel. However, the Committee on Foreign Investment in the United States (CFIUS) has raised concerns about national security risks. Nippon Steel, in a strongly-worded rebuttal, has defended its position, arguing that the acquisition would bolster the U.S. steel industry and suggesting that political motivations are fueling the opposition. Key Arguments Presented by Nippon Steel: Japan as a Strategic Ally: CFIUS View: Japan is acknowledged as a "critical…

The Ultimate Investment Guide: Brazil’s New Human Rights Minister Named by President Lula In a groundbreaking move, Brazil’s President Luiz Inacio Lula da Silva has appointed state lawmaker Macae Evaristo as the country’s new human rights minister. This announcement was made on social platform Threads, setting the stage for a new era of human rights advocacy in Brazil. The appointment comes on the heels of former human rights minister Silvio Almeida’s dismissal by President Lula last week. Almeida faced allegations of sexual harassment from several women, including another cabinet minister, leading to his swift removal from office. This development has…

Apple’s Climate Impact Strategies: Are They Really Making a Difference? In a surprising turn of events, Apple’s focus on reducing its climate impact seems to have shifted drastically from last year to this year. The tech giant, known for its commitment to sustainability, spent significantly less time addressing the issue in their recent keynote event. But does this mean Apple is backsliding on its environmental commitments? One of the standout announcements at this year’s event was the expansion of carbon neutrality to all Apple Watch models. Previously, only select models were considered carbon neutral, but now, even the high-end versions…

Relay Therapeutics (NASDAQ:RLAY) Receives Reiterated Buy Rating from TD Cowen After Encouraging Interim Data Release for Breast Cancer Treatment: RLY-2608 Relay Therapeutics (NASDAQ:RLAY) has received a reiterated Buy rating from TD Cowen following the release of promising interim data for its breast cancer treatment, RLY-2608. The data showcases the treatment’s impressive efficacy and safety profile compared to existing therapies. The combination of RLY-2608 with fulvestrant demonstrated a median progression-free survival (mPFS) of 9.2 months in treating HR+/HER2- locally advanced or metastatic breast cancer. This outperforms AstraZeneca’s Truqap combined with fulvestrant (5.5 months mPFS) and Novartis’ Piqray in similar combinations (5.6-8.0…