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LPAA News27 articles
Lilly's $1.5B Oral Obesity Pill Stockpile Signals Major Launch Ambitions
Eli Lilly has accumulated $1.5 billion in pre-launch inventory for its experimental oral obesity treatment orforglipron, with the FDA's target decision date set for April 10. The substantial stockpile highlights the company's push to overcome supply limitations that have hampered the GLP-1 market.
Microsoft, Aramco Forge AI Alliance, Set 2026 Saudi Azure Launch
Microsoft and Saudi Aramco have agreed to collaborate on industrial artificial intelligence projects and workforce development. The tech giant confirmed its Saudi Arabia East Azure cloud region will commence operations in late 2026.
Shopify Launches $2 Billion Buyback After Post-Earnings Rebound
Shopify shares gained 2% Friday, recovering from post-earnings declines, as TD Cowen and Mizuho upgraded the stock citing AI potential and valuation. The company's $2 billion buyback program starts Tuesday.
AirAsia X to Launch Daily London Route via Bahrain Hub in 2026
AirAsia X will commence daily service between Kuala Lumpur and London Gatwick via Bahrain on June 26, 2026. The carrier aims to establish Bahrain as its first operational hub outside Asia, with plans to station up to 100 aircraft there within eight years.
Kraken Launches 3% Deposit Match, Capped at $30K Through March
Kraken is running a promotion matching 3% of new cash and crypto deposits, with rewards limited to $30,000 per account. The bonus comes with an 18-month holding requirement.
ICE Shares Extend Decline Amid Insider Sale Plan, New Product Launches
Intercontinental Exchange shares continued to slide, dropping 1.6% after a 7.8% fall the prior day, as President Ben Jackson filed to sell up to 12,861 shares. The company also launched new cryptocurrency futures and a Polymarket data product.
Uber Stock Dips Amid AI Expansion and Robotaxi Launch
Uber Technologies stock declined 0.7% as it debuted a commercial robotaxi service in Abu Dhabi and introduced an AI-powered grocery assistant, amid broader tech sector volatility.
Meta Shares Dip Amid $10B AI Data Center Launch and Ackman's $2B Bet
Meta Platforms stock declined nearly 1% as the company began construction on a massive $10 billion Indiana data center, while Pershing Square disclosed a major stake. The tech giant anticipates capital expenditures to surge to $115–$135 billion in 2026.
Zhipu AI Price Hike and Model Launch Sparks Rally in Chinese AI Stocks
Chinese AI firm Zhipu raised subscription prices by at least 30% following its GLM-5 open-source model launch, with its Hong Kong shares surging 30%. Premier Li Qiang called for accelerated commercial AI adoption.
Nike Shares Slide Below Key Technical Levels Amid Focus on Upcoming Product Launches
Nike shares declined 1.1% in extended trading Wednesday, falling below critical 50- and 200-day moving averages. Investors are monitoring upcoming Jordan Brand and Levi's collaborations for demand signals.
Cisco Shares Dip Before Earnings as AI Chip Launch Intensifies Competition
Cisco Systems stock declined slightly ahead of its quarterly results, with investors focused on AI networking demand and the company's new chip challenging Nvidia and Broadcom.
Airline Stocks Sink as Fuel Costs Climb Despite New Partnership Launch
United Airlines shares fell over 3% as rising oil prices pressured the sector, overshadowing the rollout of its cross-booking partnership with JetBlue.
Brokerage Stocks Tumble on AI Tax Tool Launch, Schwab Leads Decline
Charles Schwab shares fell 7.5% in after-hours trading as Altruist's new AI tax-planning platform sparked concerns over automation in advisory services. Other major brokerages also saw significant declines.
JetBlue and United Launch Cross-Booking Platform Under Blue Sky Alliance
JetBlue and United Airlines have activated reciprocal flight sales on their digital platforms, allowing customers to book eligible routes across both networks using cash or loyalty currencies.
Broadcom Shares Slide Amid Cisco AI Chip Launch and Sector Downgrade
Broadcom stock declined 1% as Cisco unveiled new AI networking hardware, intensifying competition. UBS downgraded the broader tech sector while maintaining a Buy rating on Broadcom.
Uber shares dip on Dubai robotaxi launch and $335M Getir acquisition
Uber stock edged lower as the company announced plans to deploy Baidu's autonomous vehicles in Dubai and finalized a major acquisition of Getir's food delivery business in Turkey.
IBM Shares Decline on Ex-Dividend Day Amid AI Storage Launch
IBM stock fell 1.4% to $292.19, underperforming a flat market as it traded ex-dividend and introduced new agentic AI-powered FlashSystem storage products.
Cisco Gains on AI Networking Chip Launch Ahead of Quarterly Results
Cisco shares advanced after unveiling its Silicon One G300 AI networking chip, targeting data center infrastructure. Investors now await the company's quarterly earnings report later this week.
Eddie Bauer Retail Arm Files Chapter 11, Launches Store Liquidation
The operator of Eddie Bauer's physical stores has initiated Chapter 11 bankruptcy proceedings, commencing going-out-of-business sales at approximately 180 locations across North America while seeking a buyer by mid-March.
Singtel Gains on AI Data Centre Launch Amid Cyberattack Concerns
Singtel shares rose slightly as its Nxera unit opened Singapore's largest AI-ready data centre, while authorities disclosed a cyberattack affecting major telecom operators.
AST SpaceMobile Shares Swing Amid BlueBird 7 Launch Countdown
AST SpaceMobile stock experienced volatile trading, dipping 0.5% while broader markets rose, as investors await the late-February BlueBird 7 satellite launch.
Snap Shares Gain on Gucci's AI Lens Launch Amid Economic Data Watch
Snap stock rose 0.8% in premarket trading after Gucci debuted a generative AI-powered ad lens on Snapchat. Investors are eyeing upcoming U.S. jobs and inflation reports for market direction.
ASML Shares Edge Lower on Ex-Dividend Date Amid Key European Chip Initiative Launch
ASML shares declined approximately 0.9% in Amsterdam trading as the stock traded ex-dividend. The move coincided with the launch of a €2.5 billion European semiconductor pilot line, where ASML is the largest private contributor.
Singtel Gains on New Data Center Launch Amid Telecom Security Concerns
Singtel shares advanced as its Nxera unit opened the high-capacity DC Tuas facility, while Singapore authorities disclosed a cyber-espionage incident affecting major telecom operators last year.
Air Transat Launches Direct Rio Flights Amid Canadian Airline Route Expansion
Air Transat initiates nonstop Toronto/Montreal-Rio de Janeiro service, becoming the sole carrier on the Montreal route. The move coincides with a broader February route rollout by Canadian and international airlines.
Visa Eyes Key Economic Data After Mixed Week, Launches Small-Business Initiative
Visa shares edged higher Friday, closing at $331.58, as traders await a deluge of delayed U.S. economic reports next week that could sway consumer spending and rate expectations.
Vodafone Launches Share Buyback Amid Focus on German Market Turnaround
Vodafone has initiated a £29.4 million share repurchase program while investors monitor Germany's service revenue growth. The telecom giant reported 5.4% group service revenue expansion in Q3.