Estée Lauder Stock Is Dropping. China Problems Aren't Going Away.

Cosmetics firm Estée Lauder cut 2024 sales guidance, overshadowing a strong fiscal-third-quarter report. 


 
Viking Stock Priced at $24 as Cruise Operator Sets Sail to Year's Biggest U.S. IPO

The company's market capitalization upon debut should sit at $10.3 billion 


 
Mastercard's stock falls after earnings as company cuts full-year growth outlook

The company lowered its revenue-growth forecast for 2024 and showed a slowdown in volume growth for April. 


 
Pfizer's first-quarter results top estimates, while drugmaker boosts full-year profit outlook

Pfizer on Wednesday reported first-quarter results that beat analyst expectations, and raised its full-year profit guidance as cancer and heart-disease drugs helped offset plummeting COVID product sales. 


 
AI Cloud Computing Startup CoreWeave Valued at $19 Billion in New Funding Round

The company has raised $1.1 billion from investors including Fidelity and Magnetar Capital. 


 
Goldman Promotes Partner to Senior Deal Role

Dan Blank has been named co-chair of Goldman's Global M&A group to help drive dealmaking efforts. 


 
New York Community Bancorp posts narrower-than-expected loss, revenue miss

New Chief Executive Joseph Otting sees a "path to profitability" in the next two years. 


 
Declassifying Cannabis Still Leaves Pot Stocks in Limbo

Marijuana may soon be considered a less dangerous drug, but it is a long way from being treated like alcohol or tobacco. 


 
CVS Made a Big Bet on Medicare. It's Looking Risky.

The company's Medicare business, hit by higher medical costs, pushed down CVS's first-quarter earnings. 


 
Kraft Heinz Sales Fall Again. The Stock Is Down.

The packaged-food company reported rare back-to-back declines in sales relative to a year earlier.


(END) Dow Jones Newswires

05-01-24 1115ET