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Biden Administration To Inject $150M To Reactivate South Asian Alliances To Counter China: FT

To boost economic engagement in Southeast Asian countries, the Biden administration will invest $150 million in the region as part of its strategy to counter China, Financial Times Reports. The new package comes seven months after Biden promised Asean leaders that he would provide up to $102 million in investments for countries in Southeast Asia. …

Benzinga

How the West discovered the Buddha

Buddhism is the third largest (and fastest growing) religion in Australia with approximately half a million adherents.

The Conversation

In Defense of Roe

The last 50 years have been marked by a remarkably stable social consensus balancing the rights of women and fetuses. Let's not throw that away.

Reason

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Did NATO's expansion drive Vladimir Putin to war?

The combination of Russia's decades-old fear of an eastwards-expanding NATO and its own invasion into Ukraine seems to have had an adverse effect: non-aligned Finland and Sweden strongly considering joining the anti-Russian alliance and increasing the tense stand-off between Moscow and the west.

Radio France Internationale

Microsoft Postpones 2 Xbox Games

Microsoft Corp's (NASDAQ:MSFT) ZeniMax Media postponed two of its anticipated video games until the first half of 2023, marking a slip for the Xbox. ZeniMax unit Bethesda Softworks is producing Starfield, a space-themed action role-playing game, Bloomberg reports. ZeniMax's Arkane Austin is developing Redfall, a first-person shooter. Microsoft’s Xbox Game Pass subscription service has 25 million…

Benzinga

Vodafone Mulls Merging UK Unit With CK Hutchison's Three

Telecoms group Vodafone Group Plc (NASDAQ:VOD) is in talks to combine its U.K. operations with Three UK, the mobile operator owned by Hong Kong infrastructure conglomerate CK Hutchison Holdings LTD (OTC:CKHUY), the Financial Times reports. The deal could help consolidate the British mobile market as Vodafone faces pressure from Europe’s most prominent activist investor, Cevian…

Benzinga

Six Flags Tops Q1 On Higher Attendance, Guest Spending

Six Flags Entertainment Corp (NYSE:SIX) reported first-quarter FY22 sales growth of 68% Y/Y to $138 million, beating the consensus of $122.26 million. The revenue increase was driven by higher attendance and guest spending per capita. Attendance was 1.7 million guests in the quarter, a 25% Y/Y increase. Total guest spending per capita was…

Benzinga

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Toyota Launches First Battery Electric Car In Japan: Reuters

Toyota Motor Corp (NYSE:TM) has unveiled its first mass-produced battery electric car in Japan, Reuters reported. The car is being made available for only lease, a strategy the automaker said will ease driver concerns about battery life and resale value. Toyota will lease the bZ4X sport utility vehicles (SUV) at the equivalent of…

Benzinga

AI, philosophy and religion: what machine learning can tell us about the Bhagavad Gita

Machine learning and other artificial intelligence (AI) methods have had immense success with scientific and technical tasks such as predicting how protein molecules fold and recognising faces in a crowd. However, the application of these methods to the humanities are yet to be fully explored.

The Conversation

Coupang Shares Soar Afterhours On Q1 Results, Clocks 22% Revenue Growth

Coupang Inc (NYSE:CPNG) reported first-quarter revenue growth of 22% year-over-year to $5.12 billion, +32% on a constant currency basis, missing the consensus of $5.25 billion. Active customers increased by 13% Y/Y, and total net revenues per Active Customer improved by 8% Y/Y to $283. The total gross profit was $1.04 billion (+42%…

Benzinga

Prologis Proposes Almost $24B Acquisition Deal For Duke Realty

Prologis Inc (NYSE:PLD) proposed to acquire Duke Realty Corporation (NYSE:DRE) in an all-stock transaction valued at $61.68 per Duke Realty share. Under the terms of the proposal, each Duke Realty share would receive 0.466 shares of Prologis common stock, equivalent to a deal value of $23.7 billion. Prologis' proposal represents a premium of 29%…

Benzinga

Nike To Add Counterfeiting Claims, False Advertising To Its Law Suit Against StockX

Nike, Inc (NYSE:NKE) asked a federal judge to let it add counterfeiting claims and false advertising to the current trademark-infringement lawsuit against sneaker marketplace StockX, Bloomberg reports. Nike prosecuted StockX in February in federal court in Manhattan for “blatantly freeriding” on Nike’s trademarks and goodwill with a service called Vault NFTs. StockX argued that…

Benzinga

Vuzix Stock Slides After Reporting Q1 Below Street Expectation

Vuzix Corp (NASDAQ:VUZI) reported a first-quarter sales decline of 36.1% year-over-year to $2.5 million, missing the consensus of $3.4 million. The decrease reflected lower sales of Vuzix smart glasses products, a decline of 37% Y/Y. The gross margin contracted to 26% from 28% in 1Q21. The loss from operations widened to $10.41…

Benzinga

Trade Desk Stock Slips After Q1 Results, Despite Beating Street Expectations

Trade Desk Inc (NASDAQ:TTD) reported first-quarter revenue growth of 43.5% year-over-year to $315.23 million, beating the consensus of $304.69 million. Customer retention remained over 95% for the quarter. Adjusted EPS improved to $0.21 from $0.14 in 1Q21, beating the consensus of $0.15. Adjusted EBITDA increased by 71.6% to $120.99 million, and margin…

Benzinga

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Benzinga

Warner Music Q1 Growth Slows, EPS Dops Y-o-Y

Warner Music Group Corp (NASDAQ:WMG) reported second-quarter FY22 revenue growth of 10% year-on-year to $1.376 billion, missing the consensus of $1.38 billion. Recorded Music revenue grew 8% Y/Y to $1.15 billion. Music Publishing increased 20% Y/Y to $230 million, and Digital grew 8% Y/Y to $931 billion. Adjusted OIBDA margin decreased 50 bps…

Benzinga

Lufthansa Orders For Boeing's New 777-8 Freighters, Additional 787s

Lufthansa Group (OTC:DLAKY) plans to continue its strategic decision to strengthen Lufthansa Cargo with an order for seven Boeing Co (NYSE:BA) 777-8 Freighters, the fuel-efficient twin-engine freighter. Lufthansa also placed a new order for two 777 Freighters to add to its cargo fleet, providing extra cargo capacity in the near term until the delivery of…

Benzinga

Stellantis CEO Thinks Electric Shift Depends On Smooth Supply Chain Operations: Bloomberg

Stellantis NV (NYSE:STLA) Chief Executive Officer Carlos Tavares said the shift to electric vehicles depends much on resolving the supply-chain problems swiftly, Bloomberg reported. He said the shift will only work in Europe if access to enough clean energy, batteries, raw materials, and charging infrastructure is ensured. Tavares also said that the…

Benzinga

Nintendo Declares 10-1 Stock Split After Posting 4% Sales Decline In FY22, Weaker Guidance

Nintendo Co, Ltd (OTC:NTDOY) reported an FY22 net sales decline of 3.6% year-on-year to ¥1.7 trillion. Stock Split: Nintendo declared a 10-1 stock split effective October 1, potentially propping up the shares as it struggled to revive a five-year-old Switch console and overcome a global chip shortage, Bloomberg reports. Even when production and deliveries return…

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Benzinga

3D Systems Stock Slips Afterhours On Q1 Results, Narrows FY22 Guidance

3D Systems Corporation (NYSE:DDD) reported a first-quarter revenue decline of 9% year-over-year to $133 million, driven solely by divestitures of non-core assets, beating the consensus of $132.67 million. Adjusted revenue increased 10% Y/Y, reflecting continued strength in the Industrial and Healthcare Solutions segment. GAAP and Non-GAAP gross profit margin was 40.4% and…

Benzinga

Zynga Stock Slips After Falling Short of Q1 Street Expectations

Zynga Inc (NASDAQ:ZNGA) reported first-quarter sales growth of 2% year-over-year to $691 million, missing the consensus of $745.22 million. Quarterly bookings of $695 million, down 3% Y/Y. Online game or user-pay revenue was $538 million (-3% Y/Y), and user pay bookings were $528 million (-11% Y/Y). Advertising & other revenue was $154…

Benzinga

Adidas Shares Slide As China Lockdown Weighs On Q1 Earnings, FY22 Outlook

Adidas AG (OTC:ADDYY) reported first-quarter FY22 sales growth of 0.6% year-on-year to €5.3 billion. Currency-neutral sales declined 3% as supply constraints reduced the top-line by €400 million. Currency-neutral sales across North America rose 13%, EMEA improved 9%, and Latin America jumped 38%. The challenging market environment and COVID-19-related lockdowns in Greater China and…

The Conversation

Ukraine receives weapons support from around the world

Since Russia invaded Ukraine in February 2022, many of the world’s nations have sought to support Ukrainians by sending weapons. Even before that, though, many countries were offering limited help as a result of the Russian takeover of Crimea, in southern Ukraine, in 2014.

Benzinga

Tesla Will Run Two Shifts At Shanghai Plant From May 16

Tesla, Inc (NASDAQ:TSLA) looks to run two shifts at its Shanghai plant from May 16, Reuters reports. The additional shift would enable the EV maker to return factory output to pre-lockdown levels. Tesla aims to churn out 2,600 electric cars from the Shanghai plant per day. Also Read: Tesla Shanghai Workers Forced To…

The Conversation

Friday essay: writing poems across oceans, cultures and emails – John Kinsella on creative collaboration

My maternal grandfather was an artist who was a sign-writer. On commission, and under the eye of the public, he painted the giant Queen Elizabeth for the 1954 ‘Royal Visit’ and the giant Captain Cook (with map of ‘New Holland’) for the 200th ‘celebrations’. These lines, read on their own,…

Benzinga

Tesla Chief Likely To Take Over As Temp Twitter CEO: CNBC

Tesla, Inc (NASDAQ:TSLA) chief Elon Musk will likely serve as Twitter, Inc's (NYSE:TWTR) temporary CEO for a few months post the $44 billion takeover closes, CNBC reports. As per sources to CNBC's David Faber, Musk recently led investor presentations offering financial projections based on his analysis of Twitter. Musk complained against Twitter's EBITDA margin…

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