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Lockheed Martin Corp (NYSE:LMT) reported a first-quarter FY22 net sales decline of 8% year-over-year to $14.96 billion, missing the consensus of $15.55 billion. EPS declined to $6.44 from $6.56 in 1Q21, beating the consensus of $6.21. The operating profit decreased by 11.4% Y/Y to $1.93 billion, and the margin contracted by 50 bps…

A Rolls-Royce (OTC:RYCEY) (OTC:RYCEF) design for a small modular nuclear reactor (SMR) will likely win U.K. regulatory approval by mid-2024 and produce grid power by 2029, Reuters reports. In the meantime, Rolls-Royce will start manufacturing parts of the design that are most unlikely to change. Each 470 MW SMR unit costs 1.8 billion…

NetGear, Inc. (NASDAQ:NTGR) reported first-quarter preliminary results. It plans to release the full results on April 27, 2022. NTGR reduced its revenue guidance and now expects net revenue to be between $202 million and $212 million, compared to prior guidance of $225 million to $240 million. The company says the U.S. consumer…

Activists in Massachusetts are looking to decriminalize psychedelics locally and at the state level: a new campaign by the Bay Staters for National Medicine is gathering signatures to include a decriminalization measure on the November ballot, Marijuana Moment reported. The Worcester Decrim Effort: If enough signatures are gathered, Worcester voters could decriminalize low-level…

Rite Aid Corp (NYSE:RAD) has reported Q4 FY22 sales of 6.06 billion, +2.5% Y/Y, beating the consensus of $5.95 billion. The Company reported an EPS loss of $(1.63) compared to $(0.78) a year ago. The growth is driven by growth in the Retail Pharmacy, partially offset by a decline in the Pharmacy…

Reuters reported that Australia's Rio Tinto plc (NYSE:RIO) confirmed its exit from the state mining lobby group after raising concerns that its policy on expanding coal mines did not align with the Paris Climate Agreement. Global corporations have been attempting to appease authorities and shareholders by striving for higher emission cuts to comply with…

Bed Bath & Beyond Inc (NASDAQ:BBBY) reported a fourth-quarter FY21 sales decline of 22% year-on-year to $2.05 billion, missing the consensus of $2.08 billion. Adjusted core sales fell 14%, and the adjusted comparable sales declined 12%. Adjusted gross margin contracted 400 basis points to 28.8%. Adjusted EBITDA loss was $(30) million, with the…

Last Monday, an Oklahoma Senate committee approved a psilocybin research bill, which would allow for the cultivation and administration of the substance by some institutions, Marijuana Moment reported. However, an initial decriminalization provision had to be amended for the bill to pass. The legislation was presented by Sen. Daniel Pae…

—Me name’s Miles; Ellen Miles, remarked an old woman at the City Court yesterday. —And you are charged with vagrancy, stated Sergeant Eason. Can you show the Bench that you have means of support? —'How can I support myself when I’m continually in gaol and not a shilling coming into…