Daily US Stock Market News Briefing (Wednesday, October 23)

USHK News
2024.10.23 12:50

Individual Stock News

  1. In response to Bloomberg's report, Arm is considering canceling the license for Qualcomm to use Arm's intellectual property to design chips, with the amount involved potentially reaching as high as $39 billion. Arm has declined to comment.

  2. Jinko Solar (JKS.N) won the bid for a 3.27GW component procurement order from State Power Investment Corporation at an average price of $0.723/W, with unit prices ranging from $0.66/W to $0.82/W.

  3. Texas Instruments (TXN.O) reported an 8.4% decrease in Q3 revenue to $4.15 billion. Earnings per share were $1.47, exceeding market expectations of $1.37.

  4. BlackRock amended its filing, increasing its holdings of Pinduoduo (PDD.O) to 33 million shares, instead of the previously disclosed approximately 132 million shares.

  5. According to reports, Frontier Airlines is seeking to re-bid for Spirit Airlines (SAVE.N).

  6. The FDA has approved Pfizer's (PFE.N) respiratory syncytial virus (RSV) vaccine Abrysvo for individuals aged 18 to 59 at increased risk of lower respiratory tract diseases.

  7. BlackRock (BLK.N) launched two new actively managed funds on Tuesday, focusing on technology growth and artificial intelligence, strengthening its ETF product lineup.

  8. Apple (AAPL.O) CEO Cook will continue to increase investment in China, working to quickly provide artificial intelligence services to Chinese users, but first needs to complete a comprehensive regulatory process. According to media reports, Apple may seek potential artificial intelligence partnerships with Alibaba and Baidu in China.

  9. Amazon (AMZN.O) is discontinuing its same-day delivery service for shopping centers and physical retailers.

  10. New Oriental Education & Technology Group (EDU.N) reported a net revenue of $1.44 billion for Q1 of the 2025 fiscal year, a 30.5% year-on-year increase; adjusted earnings per ADS were $1.60, a 41.3% year-on-year increase.

  11. Boeing (BA.N) reported Q3 revenue of $17.84 billion, slightly below market expectations of $17.89 billion; adjusted free cash flow was -$1.96 billion, compared to market expectations of -$1.87 billion

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