Stockwinners Market Radar for April 24, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
AAPL... | Hot Stocks20:06 EDT Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Twitter (TWTR) is re-examining Elon Musk's $43 billion takeover offer after the billionaire lined up financing for the bid, in a sign the social-media company could be more receptive to a deal, The Wall Street Journal's Cara Lombardo reported. Twitter had been expected to rebuff the offer, which Mr. Musk made earlier this month without saying how he would pay for it. But after he disclosed last week that he now has $46.5 billion in financing, Twitter is taking a fresh look at the offer and is more likely than before to seek to negotiate, people familiar with the matter said. The two sides are meeting Sunday to discuss Mr. Musk's proposal, the people said. Meanwhile, Reuters' Svea Herbst-Bayliss and Greg Roumeliotis reported that Twitter is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world's richest person has called his $43 billion bid for the social media platform his best and final offer. While the views of Twitter shareholders vary over what a fair price for a deal would be, many reached out to the company after Musk outlined his acquisition financing plan on Thursday and urged it not to let the opportunity for a deal slip away, sources told the publication. 2. Alphabet (GOOGL) unit Google, Meta (FB) and other large online platforms will have to do more to tackle illegal content or risk hefty fines under new internet rules agreed between European Union countries and EU lawmakers on Saturday, Reuters' Foo Yun Chee reported. Under the Digital Services Act, the companies face fines up to 6% of their global turnover for violating the rules while repeated breaches could see them banned from doing business in the EU, the publication added. The new rules ban targeted advertising aimed at children or based on sensitive data such as religion, gender, race and political opinions. Dark patterns, which are tactics that mislead people into giving personal data to companies online, will also be prohibited, the author noted. 3. Meta Platforms, the former Facebook, has come under heavy fire from Congress, regulators, and even its own users, but there has been nothing like the crisis it now faces, with its core business decelerating, and investors questioning whether Meta can ever get back its money-minting mojo, Eric J. Savitz wrote in this edition of Barron's. Nearly one out of every four dollars spent on digital ads is on a Meta site. Only Alphabet 's Google is bigger. But Apple's (AAPL) changes, Meta has said, will mean that 2022 revenue will shrink by about $10B, or about 9% of 2021's revenue. Barron's spoke at length to top Meta executives who are helping spearhead the company's responses to the ad changes, the threat from TikTok, and the megabet on the metaverse. While the stock looks statistically cheap, addressing these issues will take time, the TikTok threat is considerable, and the payoff from the metaverse is many years away, the author noted. 4. DreamWorks Animation and Comcast (CMCSA) subsidiary Universal's "The Bad Guys" won this weekend's domestic box office with a $24M debut. Overseas, the action-comedy has earned $63M for a worldwide total of $87M. The movie has an A CinemaScore. 5. Under Armour (UA; UAA), JPMorgan (JPM), Broadcom (AVGO), Caterpillar (CAT), CVS Health (CVS), Fifth Third Bancorp (FITB), HP Inc. (HPQ), Merck (MRK), and LVMH (LVMUY) saw positive mentions in this week's edition of Barron's.
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GILD | Hot Stocks19:03 EDT Gilead announces findings from two studies on Veklury use in treating COVID - Gilead Sciences announced findings from two studies, which provide further insights on the use of Veklury for the treatment of hospitalized and non-hospitalized patients with COVID-19. The first study is a retrospective observational analysis of the real-world treatment data from the Premier Healthcare Database consisting of 853,219 patients hospitalized with COVID-19 across the United States. This analysis found that more than 50% of hospitalized COVID-19 patients received Veklury, predominantly in combination with other therapies. A separate study, which is a new post-hoc analysis of data from the Phase 3 PINETREE study, demonstrated that use of Veklury within five days of symptom onset or between 5 to 7 days of symptom onset reduced hospitalizations in patients at high risk for severe COVID-19 disease. The observational analysis of real-world data also found that as the pandemic progressed, initiation of Veklury within two days of hospitalization increased from 41% to 91% between May 2020 and December 2021. During this period, as new variants arose and disease severity fluctuated, median hospital length of stay decreased from seven to six days with the greatest benefit in invasive mechanical ventilation/ ECMO patients. While ICU use decreased from 34% to 27%, with the greatest benefit in high-flow oxygen/non-invasive ventilation, overall ICU LOS remained the same. Overall mortality rates remained stable at 16%, with the greatest decline over time in patients on low-flow supplemental oxygen. These results confirm Veklury's position as a foundational treatment for hospitalized patients with COVID-19 and signify the need to treat patients early before they become more severely ill with COVID-19. The new post-hoc analysis from a Phase 3 double-blind, placebo-controlled trial demonstrating that a three-day course of Veklury treatment significantly reduced the risk of hospitalization was also presented at ECCMID. The analysis assessed the variability of treatment effect with Veklury by time of symptom onset and number of baseline risk factors. The study concluded that Veklury reduced hospitalizations in patients at high risk for severe COVID-19 disease when initiated anytime within a 7-day window from symptom onset. As expected with antiviral therapy, the benefit was modestly greater the sooner Veklury was administered. Patients treated with Veklury within five days of symptom onset had a 90% reduced risk for hospitalization. Additionally, patients who received Veklury after five 5 days of symptom onset experienced an 81% reduction in risk of hospitalization. This new analysis builds on the previously presented primary endpoint analysis, in which Veklury demonstrated a statistically significant 87% reduction in risk for the composite primary endpoint of COVID-19 related hospitalization or all-cause death by Day 28 compared with placebo; no deaths occurred in either arm of the study through the primary endpoint. Gilead presented two additional studies from the company's COVID-19 clinical and real-world evidence programs at the European Congress of Clinical Microbiology & Infectious Diseases. Data from the CARAVAN study evaluated safety, pharmacokinetic, virologic, and clinical outcomes of Veklury treatment in pediatric patients who were 28 days of age and older. The interim analysis of Veklury in pediatric patients hospitalized with COVID-19 with ages ranging from 28 days to less than 18 years demonstrated that Veklury was generally well tolerated, with a high proportion of participants showing clinical improvement and recovery. Overall, no new safety findings for Veklury were noted. In the study, 75% and 85% showed clinical improvement at Day 10 and last assessment, respectively, while 60% and 83% were discharged by Day 10 and Day 30, respectively. Overall, 38 patients experienced AEs, with 11 patients experiencing serious adverse events that were determined not to be study-drug related, including 3 participant deaths which were consistent with the patients' underlying medical condition prior to study entry or with COVID-19 disease during hospitalization. A real-world evidence analysis evaluated data from 2,310 patients hospitalized with COVID-19 who had previously undergone kidney transplantation. The analysis found that in this patient population, overall mortality was comparable to the general population hospitalized with COVID-19, but markedly increased for those with diminished renal function, comorbidities, and higher oxygen requirements upon admission. Insights from this study help inform clinical decision-making in the context of management of kidney transplant patients and other solid-organ transplant recipients, alike.
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