Didi Chuxing buying Uber is still rocking the market, with the latest discussion on Sentifi revolving around how much threatening the deal is to Lyft. Discover more crowd intelligence on Sentifi.
1/ Didi Chuxing: Deal with Uber poses a threat to Lyft
Lyft is in trouble. The Didi-Uber deal sees Didi cementing its leading position in China’s ride-hailing market and investing $1 billion in Uber Global. Thing is, eight months ago, Lyft invested $100 million in Lyft. And now, analysts are saying that Didi is more likely to support Uber over Lyft due to its higher stake and Uber’s dominance in the market.
2/ Theranos: Debuts new product
In her first public appearance following the sanctions of herself and her company, Elizabeth Holmes revealed a new product dubbed MiniLab at the American Association for Clinical Chemistry’s conference in Philadelphia. The product is a microwave oven-sized box that contains all equipment used in a standard lab. Against the crowd’s expectations, she did not address the legal issues Theranos is facing.
3/ STOXX Europe 50: Reflects the bad state of EU banks
With two of the EU’s largest banks, Credit Suisse and Deutsche Bank, falling out of the STOXX Europe 50, it paints a harsh reality. The banks are struggling with negative interest rates. Credit Suisse and Deutsche Bank specifically have lost 50% of their market value this year and 90% since their all-time highs in 2007. Most of the banks also did not perform well in the latest stress test.
4/ Warren Buffett: Donald Trump brushes off Warren Buffett’s comment
Donald Trump today said he will not counter Warren Buffett’s comment and criticism on his tax and etiquette. Buffett vowed to drive voters to the polls to cast ballots for Hillary Clinton.
5/ Advaxis Inc: Shares jump 28% on partnership
The company recently announced a $40 million agreement with Amgen Inc for the development and commercialization of cancer immunotherapy treatment. The partnership starts with Amgen paying $40 million payment to Advaxis and buying $25 million common stock from Advaxis as well.
6/ Greggs: Plans for more healthy food options
After its balanced choice menu, which is geared toward health-conscious customers, became a hit, the high-street bakery chain is planning for more healthy food items and even gluten-free choices. Its salads, yoghurts, fruit pots and porridge contributed to a 6% increase in revenues for the first six months of this year.
7/ Infineon Tech: Disappoints with third-quarter revenue
Slowing smartphone sales dragged the third-quarter revenue of the semiconductor maker Infineon below the market consensus with only 3% increase year over year. That said, the automotive segment saw a positive 9% increase in revenue. But the company failed to capitalize on the positivity when forecasting weak outlook, resulting in a 3.4% drop in the company’s shares.
8/ Uranium: Production will be sped up in the U.S.
Australia-based Peninsula Energy is ramping up its uranium production in Wyoming while bringing down the cost. The investors are quite positive about the company’s outlook and raise its target price to $1.20 while its last trade was at 0.69%.
9/ AIG: Posts falling second-quarter earnings
The American International Group earned $0.98 per share in the second quarter, which was lower than $1.39 per share in the same quarter last year. Disappointing as the earnings are, the number is still better than Wall Street estimates of $0.93 per share.
10/ Reserve Bank of Australia: Cuts interest rates to 1.5 percent
The Australia’s central bank has cut the interest rates to a 50-year low of 1.5 percent to bolster economic growth and fight back unemployment and looming deflation.
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