Vistin Pharma ASA: Invitation to Q1 2024 conference call

The Telegraph
How Putin’s gas empire crumbled
Vladimir Putin is throwing everything he has got at ramping up Russia’s war machine.
Reuters Videos
EVs are getting smarter and cheaper in China
STORY: Light-up emojis. Music for pedestrians outside. In China, electric carmakers are offering up luxury tech – without the luxury price tag – in the battle for buyers. Cars are being loaded with once-expensive interior features and technology for as low as $20,000 – less than half the cost of the average new car in the U.S. Analysts say that poses a big challenge for foreign heavyweights like Tesla and Volkswagen. This is the Nammi – on display here at the Beijing auto show. It’s made by state-owned automaker Dongfeng and sells for under $10,000. That’s around the same as BYD’s Seagull EV – China’s fourth best-selling electric vehicle. The market is also crowded with electric and plug-in vehicles that splash luxury technology. Xpeng is planning to offer an EV with high-level self-driving features – for under $21,000. Analysts say the price of specialized components like sensors needed for self-driving and screens for onboard entertainment has tumbled. That's making competition in the world’s largest auto market all the more fierce… And chipping away at the halo that once hung over foreign brands. That’s according to an outlook from McKinsey analysts released in March. Take Zeekr, for instance. It's the carmaker with those emojis. Here’s its Shanghai head of design, Javier-Garcia Gallardo: “When we see the differences between our product launch in China versus our product launch in Europe and, you know, the technical details are as important as the design and the brand. And this integration of technology is essential for the Chinese customer.” Still, German automakers say they’re not backing down. Here’s Mercedes-Benz CEO Ola Kallenius: “We have a dedicated digital tech team here all the way down to providing things like in the new E-Class, you can sing karaoke. Maybe you don't have that feature in Germany. Maybe you should. But here, customers love it.” Mercedes, as well as Volkswagen, both told Reuters they’re working to deliver those so-called “wow effects” for Chinese buyers.
Fool.co.uk
With three new value-boosting strategies in place, BP’s share price looks a bargain to me
A major valuation gap between BP’s share price and its key rivals could close due to three new strategies being implemented right now. The post With three new value-boosting strategies in place, BP’s share price looks a bargain to me appeared first on The Motley Fool UK.
TechCrunch
Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle
If you were concerned about slowing cloud infrastructure growth for a time in 2023, you can finally relax: The cloud was back with a vengeance this quarter. The market as a whole was up a healthy $13.5 billion to $76 billion, up 21% over the first quarter in 2023, per Synergy Research. If you’re wondering what’s driving the growth, you probably guessed that it's related to generative AI and the copious amount of data required to build the underlying models.
Yahoo Finance
Why Trump edges Biden on gas prices
Voters correctly remember that gas prices were cheaper when Trump was president. But that's unlikely to happen again, no matter what Trump might do if he wins a second term.
Reuters
Shell smashes forecasts with $7.7 billion quarterly profit
LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas (LNG) production rose. Shell's cashflow rose by 6% from the previous quarter to $13.3 billion, reflecting strong operational performance, particularly in the LNG division, which together with trading helped offset a decline in natural gas prices that weighed on earnings of rivals including Exxon Mobil and Chevron last week. "Shell delivered another quarter of strong operational and financial performance, demonstrating our continued focus on delivering more value with less emissions," CEO Wael Sawan said.
Reuters Videos
Apple unveils record buyback as results beat forecasts
STORY: Apple announced a record share buyback program on Thursday as the iPhone maker revealed a smaller-than-expected drop in revenue.The company upped its cash dividend by 4%, and is buying back $110 billion worth of stock.It's the largest buyback in Apple's history, fueling a jump in shares after hours.Apple reported a revenue drop of 4% to almost $91 billion in the fiscal second-quarter.That's not as steep a fall as analysts had predicted.A positive forecast came from CEO Tim Cook.He told Reuters the iPhone maker expects "to grow low-single digits" in overall revenue in the current quarter ending in June.Wall Street is predicting closer to 1.3% growth, according to LSEG data.The results and guidance suggest the company may be regaining its footing in the smartphone market, despite stiff competition and regulatory challenges.Long considered a must-own stock on Wall Street, Apple shares have underperformed other Big Tech firms in recent months.It's fallen 10% this year while struggling with weak iPhone demand and tough competition in the Chinese market.Smartphone rivals like Samsung have also introduced competing devices aimed at hosting artificial intelligence chatbots.Though Cook said Thursday that iPhone sales still experienced "growth in some markets, including China."He also said Apple has spent more than $100 billion on AI research and development in the past five years.And that the company would be sharing "some very exciting things" about its AI plans later this year.
Bloomberg
Huawei Lab Barred by US FCC as Part of Crackdown on China
The US Federal Communications Commission is barring a Huawei Technologies Co. laboratory from approving telecommunications gear for use in the US. The regulator is also proposing similar moves against other providers including Chinese companies. Peter Elstrom reports on Bloomberg Television.
Reuters
ConocoPhillips misses quarterly profit estimates on lower gas prices
(Reuters) -U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset gains from higher oil production. A milder-than-expected winter hurt demand for the heating fuel in the quarter and pulled down U.S. natural gas prices to a three-and-a-half-year low in February, also affecting earnings of U.S. oil majors Exxon Mobil and Chevron. ConocoPhillips CEO Ryan Lance said energy prices have been volatile, but should not prevent the company from increasing cash distribution to shareholders.
Birmingham Live
Drivers can get British Gas 'freebie' worth £1,095 before July 1
British Gas has expanded its partnership with Toyota to launch Toyota HomeCharge, the first domestic wallbox chargepoint designed exclusively for Toyota electric and plug-in hybrid vehicles.
Reuters
StanChart profit beats forecasts as fee income boost offsets credit losses
LONDON/HONG KONG (Reuters) -Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in first-quarter pretax profit, as a surge in income from its trading and wealth businesses more than compensated for additional credit losses. The bank, which makes the bulk of its revenue and profits in Asia, saw profit at its investment banking unit climb 13% in the quarter. Peaking central bank interest rates worldwide have capped the recent gains banks have made from lending-based income, putting pressure on them to increase non-interest revenue from such fee-based businesses.
Bloomberg
Fading War Risks Push Oil to Biggest Weekly Drop Since February
(Bloomberg) -- Oil posted its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East, while traders continued to weigh the outlook for interest-rate cuts. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventTrump Auditions VP Picks Before Wealthy Donors in Palm BeachTurkey Confirms All Trade Halt With Is
Reuters
Consolidated Edison beats first-quarter earnings estimates
Electric and gas utility firm Consolidated Edison beat Wall Street estimates for first-quarter profit on Thursday, helped by higher electricity rates and lower operating expenses. On an adjusted basis, the New York-based company said it earned $2.15 per share in the January-March quarter, compared with analysts' estimate of $1.88 per share, according to LSEG data. Consolidated Edison provides electric and gas services to about 5.1 million customers through its subsidiaries, mainly in some boroughs of New York City - Manhattan, the Bronx, parts of Queens - and parts of adjoining Westchester County.
Reuters
UPDATE 2-Dominion planning to power 15 more data centers in 2024
(Adds data center details and executive quotes in paragraphs 3, 4, 7, 8 and 9. Dominion Energy expects to service 15 more data centers through the end of 2024 as the utility receives bigger power requests from computer warehouse developers, executives said on Thursday.
Bloomberg
Oil-Watchers Expect OPEC+ to Extend Supply Cuts Into Second Half
(Bloomberg) -- OPEC+ is expected to prolong oil output cuts into the second half of the year as it seeks to stave off a global surplus and shore up prices.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTesla Axes Supercharger Team in Blow to Broader EV MarketSaudi Arabia and its
Liverpool Echo
BBC Bargain Hunt expert brutally shut down after 'awful' admission
The buyers stepped in after the suggested from Phillip Serrell
Bristol Live
'Sad' Tesco shopper 'clears' supermarket shelves to make £1,000 profit
Sam, who has raked up an impressive 95,000 followers on TikTok, is one of many young Brits trying to make quick cash by reselling
Birmingham Live
Police pull driver over on M6 and are left stunned when he shows his licence
The driver was pulled over on the M6 in Staffordshire
Wales Online
Queuing Greggs customer cannot believe his eyes at man in shop's actions
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OK! Magazine
Benidorm star totally unrecognisable 17 years since ITV debut and enjoying co-star romance
Loyal fans of hilarious-but-axed ITV sitcom Benidorm were in shock to see how one regular character has changed so much over the years, and to discover the co-star he has been dating all these years

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Vistin Pharma ASA: Invitation to Q1 2024 conference call

Latest stories

How Putin’s gas empire crumbled

EVs are getting smarter and cheaper in China

With three new value-boosting strategies in place, BP’s share price looks a bargain to me

Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle

Why Trump edges Biden on gas prices

Shell smashes forecasts with $7.7 billion quarterly profit

Apple unveils record buyback as results beat forecasts

Huawei Lab Barred by US FCC as Part of Crackdown on China

ConocoPhillips misses quarterly profit estimates on lower gas prices

Drivers can get British Gas 'freebie' worth £1,095 before July 1

StanChart profit beats forecasts as fee income boost offsets credit losses

Fading War Risks Push Oil to Biggest Weekly Drop Since February

Consolidated Edison beats first-quarter earnings estimates

UPDATE 2-Dominion planning to power 15 more data centers in 2024

Oil-Watchers Expect OPEC+ to Extend Supply Cuts Into Second Half

BBC Bargain Hunt expert brutally shut down after 'awful' admission

'Sad' Tesco shopper 'clears' supermarket shelves to make £1,000 profit

Police pull driver over on M6 and are left stunned when he shows his licence

Queuing Greggs customer cannot believe his eyes at man in shop's actions

Benidorm star totally unrecognisable 17 years since ITV debut and enjoying co-star romance