Author: Press Room
Sonic Automotive, Inc. (NYSE:SAH) Q2 2024 Results Conference Call August 5, 2024 10:00 AM ET Company Participants David Smith – Chairman & CEOHeath Byrd – CFOJeff Dyke – President Conference Call Participants Bret Jordan – JefferiesRajat Gupta – JPMorganJohn Murphy – Bank of America Operator Good morning, and welcome to the Sonic Automotive Second Quarter 2024 Earnings Conference Call. This conference call is being recorded today, Monday, August 05, 2024. Presentation materials, which accompany management’s discussion on the conference call can be accessed at the company’s website at ir.sonicautomotive.com. At this time, I would like to refer to the safe…
Stay informed with free updatesSimply sign up to the Pharmaceuticals sector myFT Digest — delivered directly to your inbox.US medicines regulators have rejected a bid to get schedule-1 drug MDMA, better known as the party drug ecstasy, approved as a treatment for post-traumatic stress disorder, marking a significant setback for the nascent psychedelics sector.The US Food and Drug Administration issued Lykos Therapeutics, the biotech behind the treatment, with a notice known as a “complete response letter” asking the company to carry out costly fresh phase-three trials because of concerns over the way the original studies had been conducted. Lykos said…
Former San Francisco Mayor Willie Brown responds after former President Donald Trump recounted a story to reporters about being involved in a helicopter emergency landing together. Brown rejects the story, telling CNN “I’ve never been in a helicopter with him in my life.” Read the full article here
The Inflation Reduction Act is keeping drug plan sponsors, pharmacies, Medicare educators and anyone who works with Medicare drug plans very busy. So far, the IRA has: Many more changes are coming. The biggest one may be the $2,000 cap on Part D drug costs that takes effect in 2025 and has spawned a new program: the Medicare Payment Prescription Plan or MPPP. This may seem simple in concept but it’s really quite complicated. On the website for this new program, the Centers for Medicare and Medicaid Service has nine documents, including fact sheets, cost calculations, timelines, and final guidance,…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.625% as of July 15, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is also unchanged from Friday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Mixed Markets: The S & P 500 is trying to finish the week out on a higher note after fluctuating between gains and losses for a good chunk of the session. By midafternoon, though, the index was solidly in the green — and, improbably, briefly entered into positive territory for the week despite Monday’s global stock rout. Unlike Thursday’s rally on the lower than expected jobless claim data, which helped the…
Trump’s plan could move insolvency for Social Security, including the disability program, up two years, from 2035 to 2033, according to the Tax Foundation. Insolvency for Medicare could move up six years, from 2036 to 2030.”President Trump delivered on his promise to protect Social Security and Medicare in his first term” and will “continue to strongly protect Social Security and Medicare in his second term,” Trump campaign national press secretary Karoline Leavitt said in a statement.She said Trump will boost the U.S. economy and strengthen Social Security, “all the while eliminating taxes on Social Security for America’s well-deserving seniors.”Cutting tax…
Chrysler-parent Stellantis is laying off as many as 2,450 factory workers from its Warren Truck assembly plant outside of Detroit as the automaker ends production of the Ram 1500 Classic truck. The layoffs will be effective as early as Oct. 8, the company said, as the plant moves from a two-shift to a one-shift operating pattern in general assembly. Production of the Jeep Wagoneer at the same facility will remain on two shifts, the company said. As production of the Ram 1500 Classic winds down later this year, the company is shifting focus to the Ram 1500 Tradesman truck, produced…
Unity Software Inc. (NYSE:U) Q2 2024 Earnings Call Transcript August 8, 2024 5:00 PM ET Company Participants Daniel Amir – VP and Head of IRMatt Bromberg – CEOLuis Visoso – CFO Conference Call Participants Clark Lampen – BTIGMatt Cost – Morgan StanleyRoss Sandler – BarclaysGili Naftalovich – Goldman SachsDylan Becker – William BlairParker Lane – StifelJosh Tilton – Wolfe Daniel Amir Welcome to Unity’s Second Quarter 2024 Earnings Call. My name is Daniel Amir, VP and Head of Investor Relations. After the closing of the market today, we issued our shareholder letter. That material is now available on our website…
Stay informed with free updatesSimply sign up to the Media myFT Digest — delivered directly to your inbox.Two of America’s biggest television companies have admitted that their cable channels are worth $15bn less than they had thought, highlighting the accelerating collapse of what had once been one of the most lucrative businesses in media history. Paramount on Thursday wrote down the value of its cable channels — which include MTV, Nickelodeon and Comedy Central — by $6bn. This came just 24 hours after Warner Bros Discovery wrote off $9bn of the value of its cable channels, including CNN, HGTV and…
