Company Overview and News
In the latest trading session, Alphabet (GOOGL - Free Report) closed at $1,179.56, marking a +0.66% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.35%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq gained 0.08%.
Facebook (FB - Free Report) has reportedly launched Facebook Dating in Colombia. Notably, the feature, which is free, will be part of its mobile platform only. The social media giant had first announced the feature at its annual F8 conference in May this year. The company unveiled an opt-in feature for Facebook users that will pair them up with potential dating partners based on existing profile information and also allow them to build a separate dating profile that will not be visible to their other friends.
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Tech giants Facebook (FB - Free Report) , Alphabet’s (GOOGL - Free Report) Google and Twitter (TWTR - Free Report) are likely face antitrust probe by the U.S. Government. The White House is reportedly issuing a draft executive order, instructing a thorough investigation on the conduct of social media and internet companies, by federal antitrust and law enforcement officials. Even though the White House has claimed that the draft is not a part of the official policymaking process, a probe, if at all conducted, spells further trouble for social media and internet companies.
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Shares of Facebook (FB - Free Report) surged Monday to close regular trading hours up 1.5% despite news that the social media giant is being sued for its treatment of content moderators who review some of the most horrific and "depraved images" posted on Facebook. This means that investors are excited about Facebook’s latest advertising announcement and its new hire to help its expansion in India.
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Last week, the Dow touched its first intraday all-time high since January, joining both the S&P 500 and Nasdaq Composite indexes in a return to peak form after stretches of inflation concerns and rate woes battered stocks in early 2018.
NEW YORK (Reuters) - The new S&P 500 communication services sector .SPLRCL, which includes such high-profile names as Facebook Inc (FB.O), Alphabet Inc (GOOGL.O) and Netflix Inc (NFLX.O), made its debut on Monday with a small gain, after the largest-ever overhaul of Wall Street’s broad business sectors.
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Mid-cap reviews company continually blasts the search titan’s practices as biased — and Big Tech is now dealing with a somewhat similar criticism from conservatives
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In a world where Google is no longer just Google, Alphabet Inc. (NASDAQ: GOOGL) has many current and future sources of revenues beyond search and advertising. The move toward self-driving cars is just one such source, but the opportunity looks massive.
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The Dow recorded a second straight all-time high on Friday led by a rally in industrials. However, a slump in technology and internet-related stocks weighed on the Nasdaq. The S&P 500 also closed lower on Friday, ahead of Monday’s major sector reshuffle. That said, trading volumes increased to its highest level since Feb 9 in anticipation of the S&P 500 sector change.
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Amazon (AMZN - Free Report) is firing on all cylinders in the smart home space on the back of its robust voice assistant Alexa, smart speaker Echo and other home automation products. Recently, the e-commerce giant unveiled some new Echo devices along with few companion devices. Additionally, Amazon has added quite a number of new smart features to Alexa. The latest move of the company is in sync with its goal of launching at least eight new devices supported by Alexa by the end of the year.
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The much awaited sectoral reorganization of the Global Industry Classification Standard (“GICS”) of S&P Dow Jones Indices will become effective from Sep 24. In fact, this will mark Wall Street’s largest broad-industry sectoral overhaul since 1999 and will result in readjustment of 23 stocks with market cap around $2.7 trillion. The S&P 500’s market cap will be impacted by about 10%. Major sectors which will be affected by this overhaul are information technology, consumer discretionary and old-economy telecommunications which is now being revived as communication services sector.
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Microsoft Corp. broadened its profile as a secure cloud vendor on Monday using its annual IT conference to announce several security initiatives designed to woo enterprises to its Azure public cloud platform and away from rivals Amazon.com Inc. and Alphabet Inc.
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With the Chinese billionaire Richard Liu at her Minneapolis area apartment, a 21-year-old University of Minnesota student sent a WeChat message to a friend in the middle of the night. She wrote that Liu had forced her to have sex with him.
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2018-09-18 - Asif
Overview Rigel Pharmaceuticals is a biotechnology company dedicated to discovering, developing and providing novel small molecule drugs that significantly improve the lives of patients with immune and hematologic disorders, cancer and rare diseases. The company's pioneering research focuses on signaling pathways that are critical to disease mechanisms. The company's first FDA-approved product is TAVALISSE™ (fostamatinib disodium hexahydrate), an oral spleen tyrosine kinase (SYK) inhibitor, for the treatment of adult patients with chronic immune thrombocytopenia who have had an insufficient response to a previous treatment. The company's current clinical programs include Phase 2 studies of fostamatinib in autoimmune hemolytic anemia and IgA nephropathy, and a Phase 1 study for its IRAK program. In addition, Rigel Pharmaceuticals has product candidates in development with partners BerGenBio AS, Daiichi Sankyo, and Aclaris Therapeutics. Since inception, Rigel Pharmaceuticals h...
2018-09-18 - Asif
Overview The company design, develop and sell exoskeleton technology to augment human strength, endurance and mobility. The company's exoskeleton technology serves multiple markets and can be used both by able-bodied users as well as by persons with physical disabilities. Ekso Bionics has sold, rented or leased devices that (a) enable individuals with neurological conditions affecting gait (stroke and spinal cord injury) to rehabilitate and to walk again and (b) allow industrial workers to perform heavy duty work for extended periods. Today, its medical exoskeleton, Ekso GT, is used as a rehabilitation tool to allow physicians and therapists to rehabilitate patients who have suffered a stroke or spinal cord injury. With its unique features designed specifically for hospitals and its proprietary SmartAssist software, Ekso GT allows for the early mobilization of patients, with high step count and high dosage treatments. The intent is to allow the patient’s central nervous syst...
2018-09-18 - Asif
Overview Agile Therapeutics is a forward-thinking women’s healthcare company dedicated to fulfilling the unmet health needs of today’s women. Twirla® and its other current potential product candidates are designed to provide women with contraceptive options that offer greater convenience and facilitate compliance. The company's lead product candidate, Twirla, also known as AG200-15, is a once-weekly prescription contraceptive patch that is at the end of Phase 3 clinical development. Since its inception in 1997, Agile Therapeutics has devoted substantial resources to developing Twirla, building its intellectual property portfolio, business planning, raising capital and providing general and administrative support for these operations. The company incurred research and development expenses of $14.4 million, $20.9 million and $25.6 million during the years ended December 31, 2017, 2016 and 2015, respectively. The company incurred research and development expenses of $2.4 milli...
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