Trump’s tariff plan could cost Americans $78 billion in annual spending, NRF study shows
(Reuters) -U.S. shoppers could lose up to $78 billion in annual spending power annually if presidential candidate Donald Trump’s new tariffs proposal on imports are implemented, a study from the National Retail Federation (NRF) showed on Monday. The study said…
Earnings call: Vertex Pharmaceuticals Q3 2024 revenue climbs 12%
Vertex Pharmaceuticals Incorporated (VRTX) reported a robust financial performance in its Third Quarter 2024 Earnings Call, with revenue reaching $2.77 billion, marking a 12% increase from the previous year. The company also raised its full-year product revenue guidance to a…
Earnings call: Castle Biosciences reports robust Q3 growth, raises guidance
Castle Biosciences Inc . (NASDAQ:CSTL), a leading skin cancer diagnostics company, has reported a substantial 39% increase in revenue for the third quarter of 2024, reaching $85.8 million. The growth was primarily driven by a significant rise in test volume…
Earnings call: Navitas Semiconductor Q3 results, strategic partnerships
In the recent third-quarter earnings call, Navitas Semiconductor (ticker: NVTS) CEO Gene Sheridan reported a record revenue of $21.7 million driven by peak GaN shipments. Despite a Q3 operational loss of $12.7 million, the company is optimistic about future growth,…
Earnings call: ATI Physical Therapy reports growth amid market challenges
ATI Physical Therapy (ticker not provided), a prominent provider of outpatient rehabilitation services, has reported increased revenues and patient visits in its Q3 2024 earnings call. The company highlighted a 7.1% rise in net revenue to $190 million, compared to…
South Korea fines Meta about $15 million over collection of user data
SEOUL (Reuters) – South Korea has ordered Facebook owner Meta Platforms (NASDAQ:META) to pay 21.62 billion won ($15.67 million) in fines after finding it had collected sensitive user data and given it to advertisers without a legal basis, Seoul’s data…