Diagnostic imaging services provider RadNet will acquire iCAD in an all stock transaction where iCAD stockholders will receive 0.0677 shares of RadNet common stock for each share of iCAD common stock they hold at the closing of the merger.
The company said the deal would increase its annualized gross bookings by approximately €1 billion and diversify revenue streams, supporting its multi-year targets.
Piper Sandler cut its price target on Nvidia to $150 from $175, citing the surprise nature of the charge and the reduced outlook for data center products shipped to China.
Nvidia said that with the new licensing requirement, the government intends to address the risk that the covered products may be used in or diverted to a supercomputer in China.
The Federal Deposit Insurance Corp. initially sought approximately $1 billion in unpaid assessments and another $1 billion in alleged profits from underreporting risk in its lawsuit against the Bank of America.
Lucid senior vice president Derek Jenkins told Reuters that a “lot of crazy things going on in the world” can affect the timeline, but the company is currently on track to launch a competitor to Tesla’s Model Y SUV next year.
Provision for credit losses increased to $219 million during the quarter from $155 million in the same period a year ago, reflecting changes in macroeconomic factors and portfolio activity.
Total revenues rose 3% year-over-year to $21.59 billion compared to a Wall Street estimate of $21.29 billion, driven by growth in each of Citi’s five interconnected businesses.
In a post on X, Starbucks Workers United said the company is prioritizing superficial branding moves over “real issues like understaffing, fair contracts, and guaranteed hours.”
In the company's earnings report last month, management discussed plans to improve the layout and presentation of its stores and promote more wellness products and online sales.
Wedbush analyst Daniel Ives said this was another win for the company as more federal customers turn to Palantir for improved AI capabilities in the military.
Morgan Stanley now estimates Apple's annualized tariff cost burden to be a much more "manageable" $7 billion, or just 5% of EBIT, versus the $44 billion estimates as of last Thursday.
On Tuesday evening, every three issued and outstanding shares of CARA’s common stock will automatically be combined into one, effectively reducing the number of issued and outstanding shares of the company's common stock from about 4.6m to 1.5m.
