Daily U.S. Stock Market News Briefing (February 11, Tuesday)
Individual Stock News
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Coca Cola (KO.N) reported Q4 2024 revenue of $11.544 billion, compared to market expectations of $10.677 billion.
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McDonald's (MCD.N) achieved revenue of $25.92 billion in 2024, a year-on-year decrease of 2%; net profit was $8.223 billion, a year-on-year decrease of 3%.
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Novartis (NVS.N) announced that it has agreed to acquire biopharmaceutical company Anthos Therapeutics for $3.1 billion to strengthen its late-stage cardiovascular drug development pipeline.
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According to three insiders, to avoid potential antitrust fines from the EU, Microsoft (MSFT.O) plans to further widen the price gap between the bundled and unbundled versions of Office with Teams.
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Johnson & Johnson (JNJ.N) has received approval from the National Medical Products Administration (NMPA) in China for the combination therapy of evanotuzumab for first-line treatment of lung cancer.
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U.S. pipeline operator Energy Transfer (ET.N) will supply natural gas directly to Texas AI data centers to meet the surge in electricity demand driven by artificial intelligence.
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U.S. medical company Firefly Neuroscience has joined NVIDIA (NVDA.O) Connect program.
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BP (BP.N) plans to conduct a $1.75 billion stock buyback in the fourth quarter.
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According to The Wall Street Journal, investment firm Elliott has acquired over $2.5 billion in shares of Phillips 66 (PSX.N) and plans to push the refiner to consider operational reforms.
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SEC filings show that American Express (AXP.N) CEO sold 50,841 shares of common stock in the open market on February 6, at a price between $317.56 and $320.93 per share