Articles by James Calloway
Appeals Court Weighs State Social Media Bans, Snap Faces Teen Safety Scrutiny
A federal appeals court heard arguments Tuesday on state laws limiting minors' social media access, placing Snapchat parent Snap Inc back in the legal spotlight. Judges questioned whether Florida's under-14 ban and Georgia's age verification rules could be invalidated.
AeroVironment Cuts Outlook After Space Force Contract Termination
AeroVironment reduced its full-year revenue and earnings guidance following the U.S. government's decision to end the BADGER agreement tied to the Space Force's SCAR program. The company reported a net loss of $156.6 million for its fiscal third quarter.
Accenture Shares Dip on Analyst Target Cut Ahead of Q2 Report
Accenture shares declined following a price target cut by Truist, which highlighted concerns over enterprise AI adoption and partner spending ahead of the company's upcoming quarterly results.
United Airlines Warns of Q1 Profit Hit as Jet Fuel Costs Soar
United Airlines Holdings stock declined after the carrier warned rising jet fuel expenses will significantly impact first-quarter results, with TD Cowen projecting adjusted EPS could drop to as low as $0.05.
Intuit Shares Slide on Spending Concerns Despite Analyst Upgrade
Intuit shares dropped nearly 4% Tuesday as investors focused on elevated spending forecasts overshadowing a bullish analyst upgrade and strong January-quarter results.
J&J Seeks Earlier Use of Tecvayli in Europe Following US Myeloma Approval
Johnson & Johnson has submitted an application to European regulators to expand the use of its myeloma drug Tecvayli as a monotherapy after just one prior treatment. This follows recent U.S. approval for a Tecvayli combination and is supported by trial data showing a 71% reduction in disease progression risk.
Teradyne Files German Copyright Suit Against Chinese Robotics Firm Elite Robots
Teradyne Robotics has initiated a copyright lawsuit in Germany against the German subsidiary of China's Elite Robots, claiming unauthorized use of Universal Robots software. The company also notified European safety authorities about potential issues with Elite Robots' machines.
Exxon Mobil Seeks Shareholder Nod to Reincorporate in Texas
Exxon Mobil Corporation has proposed shifting its legal headquarters from New Jersey to Texas, a move requiring shareholder approval at its upcoming annual meeting. The change would align its legal home with its operational hub but not affect physical assets or employment.
Indonesia's Youth Social Media Ban Puts Alphabet's YouTube Revenue at Risk
Indonesia is set to enforce a ban on users under 16 from high-risk social media platforms, including YouTube, starting March 28. The rule directly challenges a business segment that generated over $60 billion for Alphabet last year.
AWS Migrates Defense AI Work from Anthropic Following Pentagon Risk Designation
Amazon Web Services is moving defense-related AI workloads away from Anthropic's Claude model following a Pentagon supply-chain risk designation. The shift comes as Anthropic sues the government over the ban.
Compass Group Investor Meetings Test Sentiment After AI-Led Selloff
Compass Group PLC is engaging with investors this week following a quarter where AI-related market caution eclipsed its 7.3% organic revenue growth, driving shares to a multi-year low.