1. AstraZeneca: – AstraZeneca said its COVID-19 vaccine sales were $275 million in the first-quarter and it is on track to deliver 200 million doses a month from April, as better-than-expected results and a second half growth forecast boosted its shares.
Chief Executive Pascal Soriot again defended the vaccine rollout on Friday, saying that Anglo-Swedish drug maker had not overpromised on its ability to supply shots, as he defended big cuts in deliveries that prompted a European Union lawsuit.
AstraZeneca (NASDAQ:AZN), which has said it will not make a profit from the shot during the pandemic, was reporting financial details of distribution and sales of the vaccine it developed with Oxford University for the first time.
2. Nvidia: – Graphics card giant Nvidia is slowly reintroducing a hash rate limiter on its RTX 3060 series graphics cards. The move comes to disincentivize crypto miners. On April 29 the firm issued the GeForce 466.27 driver that reintroduces RTX 3060 cryptocurrency mining limiter.
Based on sources reported by computer news site Videocardz, Nvidia will unveil the new ‘Lite Hash Rate’ models in mid-May. These models will be almost identical to previous versions of the same cards. After accidentally unlocking its hash rate limiter in a driver update, Nvidia has said that it will lock new cards again by reducing the mining capacity by 50%.
3. Barclay’s: – Barclays PLC profit soared on stock market trading revenue but an unexpected rise in costs clouded the bank’s performance.
The London-based lender, which operates a trans-Atlantic investment bank and a large U.S. credit card business, earned £1.7 billion in the first three months of the year, the equivalent of $2.37 billion, up from £605 million in the same period last year.
Barclays shares fell 5% in early trading Friday after the bank said costs rose on higher compensation for investment bankers. While provisions for bad loans fell to £55 million from £2.1 billion in the same quarter last year, other British banks boosted profits by releasing reserves.
4. Twitter: – Twitter Inc shares sank 11% in post-market trading on Thursday as it offered tepid revenue guidance for the second quarter, warned of rising costs and expenses and said user growth could slow as the boost seen during the coronavirus pandemic fizzles.
The social media company posted revenues and user numbers mostly in line with analyst estimates in stark contrast to the better performing digital ad firms like Facebook Inc (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) Inc’s.
It said it expected second quarter revenue between $980 million and $1.08 billion, lower than Wall Street estimates of $1.06 billion on average, according to IBES data from Refinitiv. It also said stock-based compensation for new hires would be more than expected this year.
5. General Motors: – General Motors Co said on Thursday it will invest $1 billion in a manufacturing complex in Mexico, drawing immediate criticism from the union for U.S. autoworkers as it prepares to build electric vehicles in 2023 in the border state of Coahuila.
GM said it is building a new high-tech paint shop that will start operations from June at the Ramos Arizpe site, which currently assembles conventional internal-combustion vehicles, including the Chevrolet Equinox and Blazer models, along with engines and transmissions.
The United Auto Workers criticized GM’s decision to build EVs in Mexico instead of using the union’s members in the United States when Washington is considering large new incentives for electric vehicles.