Industry News

5 things to know before the stock market opens Thursday

Here are the most important news items that investors need to start their trading day.

Source: Top News and Analysis (pro) | 28 Mar 2024 | 7:34 am

Ozempic maker Novo Nordisk facing pressure as study finds $1,000 appetite suppressant can be made for just $5

A joint study between Yale University, King’s College Hospital in London and Doctors Without Borders found a single shot of the blockbuster drug could be made for just 89 cents.

Source: Fortune | FORTUNE | 28 Mar 2024 | 7:11 am

London's water supplier set to collapse into 'special administration'

Shareholders are withholding the first £500 million ($631 million) tranche of investment that Thames Water needs to continue operating.

Source: Fortune | FORTUNE | 28 Mar 2024 | 7:08 am

U.S. agencies must show their AI tools aren't harming people, says VP Kamala Harris

The new policy directive is part of the more sweeping AI executive order signed by President Joe Biden in October.

Source: Fortune | FORTUNE | 28 Mar 2024 | 7:07 am

Baltimore Bridge expected to trigger "one of the largest marine losses in history", says Lloyd's of London

A multi-billion dollar loss is on the cards, but the CEO of the world's largest insurance marketplace says the costs are "manageable".

Source: Fortune | FORTUNE | 28 Mar 2024 | 7:03 am

Walgreens tops quarterly revenue estimates, but narrows profit outlook in 'challenging' economy

Walgreens posted a steep net loss for the quarter as it recorded a hefty goodwill impairment charge related to its primary-care provider VillageMD. 

Source: Top News and Analysis (pro) | 28 Mar 2024 | 7:01 am

Ask Andy: Should I work for this startup? And when is it safe to disclose a mental-health challenge?

In the inaugural edition of his Fortune column, Andy Dunn offers advice about doing due diligence and being candid about your own health.

Source: Fortune | FORTUNE | 28 Mar 2024 | 6:30 am

How a credit card’s ‘plunk factor’ became a millennial status symbol: ‘It feeds the ego’

"It makes you seem wealthy. It’s definitely bragging rights."

Source: Fortune | FORTUNE | 28 Mar 2024 | 6:30 am

Dusty winds and heavy rain are making chocolate eggs and bunnies more expensive than ever

With exports from the Ivory Coast, the world’s top producer, down by a third in recent months, the global price of cocoa has risen sharply.

Source: Fortune | FORTUNE | 28 Mar 2024 | 6:02 am

Home Depot is acquiring distributor SRS for $18.25 billion in huge bet on growing pro sales

Home Depot is making the largest acquisition in its history as its sales growth stagnates.

Source: Top News and Analysis (pro) | 28 Mar 2024 | 6:00 am

Dali cargo ship had 'routine engine maintenance' in port before crashing into Francis Scott Key Bridge

The Baltimore region has reeled from the sudden loss of a major transportation link that's part of the highway loop around the city.

Source: Fortune | FORTUNE | 28 Mar 2024 | 5:43 am

Thursday's analyst calls: Bank of America price target hike, insurance stock gets an upgrade

Some of the biggest calls on Thursday involved a banking giant and a red hot insurance stock.

Source: Top News and Analysis (pro) | 28 Mar 2024 | 5:37 am

I pleaded guilty to a $3 million fraud charge. This is my advice for Sam Bankman-Fried

Prosecutors have recommended Sam Bankman-Fried spend 40 to 50 years in prison.

Source: Fortune | FORTUNE | 28 Mar 2024 | 5:30 am

Boeing’s issues are prompting Hong Kong's flagship airline Cathay Pacific to consider an ‘ABC’ future: Airbus, Boeing...and China's COMAC

Cathay Pacific CEO Ronald Lam thinks "triangular competition" between Airbus, Boeing and COMAC will be good for the industry.

Source: Fortune | FORTUNE | 28 Mar 2024 | 5:06 am

China lifts tariffs on Australian wine, ends three-year freeze in trade

China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, the Chinese commerce ministry said on Thursday.

Source: Top News and Analysis (pro) | 28 Mar 2024 | 4:53 am