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MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING
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🟢 What’s up
- Nvidia is back on top as the world’s most valuable company after rising 2.80%.
- Ford climbed 2.10% after the automaker reported an impressive 16% increase in sales last month thanks to employee pricing promotions.
- Pinterest popped 3.84% thanks to an upgrade from JPMorgan, who applauded the social media site’s recent focus on monetization efforts.
- Signet Jewelers proved once again that diamonds are forever, rising 12.49% thanks to strong earnings last quarter.
- Credo Technology exploded 14.80% thanks to the high-speed connectivity solutions provider crushing earnings forecasts after it tripled its sales last quarter.
- Parsons gained 7.01% despite the defense tech company slashing its fiscal forecast due to uncertainty in the Pentagon.
- Ferguson Enterprises rose 17.23% on the news that tariffs won’t have much of an effect on the plumbing and heating parts supplier.
- MoonLake Immunotherapeutics soared 17.95% on a report in the Financial Times that it may be acquired by Merck.
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What’s down
- Hims & Hers Health fell 3.59% on the news that it will acquire European digital health platform Zava.
- Bumble tumbled 6.45% on a downgrade from JPMorgan analysts, who think the dating app is losing market share to Hinge.
- EchoStar sank 11.31% after the telecommunications company announced it will not make an interest payment, its second missed payment amid an FCC investigation.
- FactSet Research Systems lost 4.83% on the announcement of a new CEO.
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Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
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