Wedbush raised its price target on Rivian shares to $30 from $25 as the company’s production difficulties improve.
RBC says this stock can rally more than 50% thanks to strong demand for fuel cells
Analyst Chris Dendrinos initiated coverage of the electric and hydrogen power company with an outperform rating.
Alibaba launches A.I. tool to generate images from text
Chinese technology giant Alibaba on Friday launched Tongyi Wanxiang, an artificial intelligence tool that can generate images from prompts.
Japanese pharma Eisai slides 4% despite FDA approval for Alzheimer’s drug
Leqembi is the first Alzheimer’s antibody treatment to receive full FDA approval.
KeyBanc says this chip stock may struggle as positive catalysts remain uncertain
KeyBanc downgraded the stock to sector weight from overweight on account of the company’s shares recently exceeding its previous price target of $468.
‘We would not stand idly by’: Lagarde pledges ECB action if both profits and wages rise
There are concerns that some companies are increasing their prices more than is needed to compensate for higher costs, thereby boosting their profit margins.
U.S. Treasury Secretary Janet Yellen meets Chinese Premier Li Qiang
“The United States will, in certain circumstances, need to pursue targeted actions to protect its national security,” U.S. Treasury Secretary Yellen said.
Ukraine war live updates: Ukraine reports advances near eastern city of Bakhmut; Germany opposes sending cluster bombs to Kyiv
Germany says it opposes sending cluster munitions to Ukraine, a day after U.S. officials suggested Washington was considering sending the weapons to Kyiv.
Yellen says she’s ‘concerned’ about China’s new export controls in her first public remarks in Beijing
Starting Aug. 1, companies in China that want to export two metals used in semiconductor manufacturing would need to apply for licenses.
Yellen’s visit to China is ‘crucial’ to U.S.-China engagement, professor says
Janet Yellen’s visit to China is “crucial” to ensuring that both countries continue talking to each other, said Eswar Prasad of Cornell University.
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