Nike (NKE): China sales slide and a weak outlook meet a $2.5 billion cost plan
Nike's fiscal Q1 revenue fell 4% to $11.21B and missed estimates, with Greater China down 22% reported (26% currency-neutral). Management guided to a…
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Intel (INTC): TSMC's Terafab talks put Intel's exclusive Texas foundry deal at risk
Elon Musk confirmed TSMC is in early talks to join his Terafab chip project in Texas, where Intel has been the only named manufacturing partner since…
Bristol-Myers Squibb (BMY): Leerink cuts rating as pipeline doubts grow
Leerink Partners downgraded Bristol-Myers Squibb to Market Perform, cutting its price target to $59 from $73 — citing fading confidence in three…