【Gold Ten Data Organization: Daily US Stock Market News Briefing (November 26, Tuesday)】
1. Rivian (RIVN.O): Has received conditional loan approval of up to $6.6 billion from the US Department of Energy. The loan will be used to construct an electric vehicle factory in Georgia.
2. Intel (INTC.O) locks in $7.9 billion in US chip subsidies for advanced chip manufacturing.
3. Sources: Qualcomm (QCOM.O) interest in acquiring Intel (INTC.O) has cooled.
4. US President Biden proposed Medicare and Medicaid coverage for weight loss drugs.
5. UBS: Tesla (TSLA.O) stock price surge is driven by market frenzy, not actual improvement in the company's fundamentals.
6. Barclays Bank reported on Monday that the US Department of Justice's antitrust lawsuit against Google (GOOG.O) has little impact on Microsoft (MSFT.O). Barclays gives Microsoft an 'Overweight' rating, with a target price of $475.
7. Nvidia (NVDA.O) has launched a new artificial intelligence (AI) model for generating music and audio, aimed at serving those who produce music, movies, and video games.
8. US low-cost airline Spirit Airlines (SAVE.N) announced it has filed for bankruptcy protection and will attempt to restructure.
9. Merck (MRK.N) announced today that its 'first-in-class' therapy Winrevair (sotatercept) met its primary endpoint in the interim analysis of the Phase 3 clinical trial ZENITH. It received FDA approval for market release in March of this year.
10. AstraZeneca (AZN.O) announced today positive results from the CAPItello-281 Phase 3 clinical trial; however, the Truqap combination therapy showed early trends of overall survival improvement compared to the placebo group.
11. It is expected that Wells Fargo (WFC.N) asset cap requirements will be lifted next year. (Source: Gold Ten Data)