Legislation most affects the quality of laboratory reports and results

In its Q2 FY 2022 earnings report in mid-May, The Walt Disney Company ( DIS ) revealed that revenue for its Parks, Experiences and Products segment more than doubled year over year (YOY). The segment, which includes Disney's well-known theme parks as well as resorts, cruise ships, and other experiences, was hit heavily by pandemic-related shutdowns throughout 2020 and 2021. Now, the recent earnings release could signal that the company is not only recovering strongly from the early stages of the pandemic, but also that it is weathering political backlash over its ongoing clashes with Florida lawmakers. Key Takeaways In its Q2 FY 2022 earnings, Disney reported that the business segment including theme parks more than doubled revenue YOY. The revenue performance comes even as some of Disney's international parks remain shuttered due to the COVID-19 pandemic and while international guest attendance at domestic parks has been depressed. Disney's theme park success in … [Read more...] about Disney (DIS) Theme Parks Rebound Strongly, Despite Political Turmoil

- A + A (May 18): Asian sponsors of blank-check firms are facing a tough market for initial public offerings wherever they turn, as a combination of increasing regulatory scrutiny and fading investor demand shutters the window for new listings from the US to Asia. In the past three months, at least six Asia-related special purpose acquisition companies seeking a combined $1.3 billion from US IPOs have been scrapped, according to data provider SPAC Research. Of 12 blank-check firms that have filed to go public in Hong Kong, only one has actually started trading. It’s a similar pattern in Singapore, where SPACs have stalled after three inaugural IPOs in January. “The global IPO market has obviously been very quiet so far this year,” Paul Uren, JPMorgan Chase and Co.’s Asia Pacific head of investment banking, said in an interview with Bloomberg TV. “What we need to see for that to change is lower volatility and investors with more of a risk-on mentality.” Asia was … [Read more...] about Asia’s SPAC Hopefuls Have Nowhere to Turn As IPO Market Shuts

- A + A (May 18): Asian sponsors of blank-check firms are facing a tough market for initial public offerings wherever they turn, as a combination of increasing regulatory scrutiny and fading investor demand shutters the window for new listings from the US to Asia. In the past three months, at least six Asia-related special purpose acquisition companies seeking a combined US$1.3 billion from US IPOs have been scrapped, according to data provider SPAC Research. Of 12 blank-check firms that have filed to go public in Hong Kong, only one has actually started trading. It’s a similar pattern in Singapore, where SPACs have stalled after three inaugural IPOs in January. “The global IPO market has obviously been very quiet so far this year,” Paul Uren, JPMorgan Chase and Co’s Asia Pacific head of investment banking, said in an interview with Bloomberg TV. “What we need to see for that to change is lower volatility and investors with more of a risk-on mentality.” Asia was … [Read more...] about Asia’s SPAC hopefuls have nowhere to turn as IPO market shuts

Ronojoy Dutta (left) will step down by Sept 30; Pieter Elbers (right) will succeed him Ronojoy Dutta, the chief executive officer of IndiGo, will retire in September, the private carrier announced on May 18, further stating that Pieter Elbers has been finalised as his successor. Dutta, 71, was appointed at the helm of IndiGo in January 2019. He has "decided to retire on September 30, 2022", after guiding IndiGo "through the turbulent Covid period", said a statement issued by the airline. The board of directors of InterGlobe Aviation Limited, the carrier's parent firm, have "appointed Pieter Elbers as the next chief executive officer, subject to regulatory approvals", it added. Elbers, who has served as the chief executive of KLM Royal Dutch Airlines, will join IndiGo "on or before October 1, 2022", the statement noted. Dutta, while commenting on his decision to step down, said IndiGo is in the "good custody of Mr Elbers" and that the future for IndiGo employees is … [Read more...] about IndiGo CEO Ronojoy Dutta to retire in September, Pieter Elbers named successor

- A + A KUALA LUMPUR (May 18): Technology-related company JCY International Bhd saw its net loss for the second quarter ended March 31, 2022 (2QFY22) narrow to RM14.23 million from RM22.55 million a year ago driven by improved operational yields amid business recovery from the Covid-19 pandemic. However, the company’s quarterly revenue fell 9.06% to RM224.71 million from RM247.08 million mainly due to a general drop in shipments as a result of weaker market demand. On a quarter-on-quarter basis, the company sank into the red compared to a net profit of RM6.37 million in 1QFY22 on lower revenue and increase in raw material prices. Revenue fell 24.37% from RM297.11 million in the immediate preceding quarter. For the six months ended March 31 (6MFY22), JCY International’s net loss improved to RM7.89 million from RM40.28 million a year earlier. Six-month revenue declined slightly to RM521.82 million from RM523.94 million. The addressable market for hard disk drive … [Read more...] about JCY International narrows 2Q net loss on improved operational yields despite revenue fall

By The Associated Press WASHINGTON — A senior defense official says U.S. Pentagon officials are having discussions with Sweden and Finland on their security needs to deter Russia as both move toward NATO membership. The official said Defense Secretary Lloyd Austin met with Swedish Defense Minister Peter Hultqvist on Wednesday and spoke about the interim period between when the NATO application is formally made and when it is approved. There have been concerns about threats from Russia during that period, in which Sweden and Finland would not formally be covered by NATO’s Article 5 which says that an attack against one member is an attack against all and calls for collective defense. The defense official spoke on condition of anonymity to discuss private Pentagon discussions. – AP writer Lolita Baldor in Washington contributed to this report. __ KEY DEVELOPMENTS IN THE RUSSIA-UKRAINE WAR: — Interrogation, uncertainty for surrendering Mariupol troops — NATO … [Read more...] about Live updates | Official: US in talks with Sweden, Finland

Cryptocurrencies have taken a beating this year. As Gizmodo reports , many have lost up to half their value within the last six months alone. But the beating that crypto is taking in 2022 is affecting more than just the digital coins themselves: In the wake of Coinbase’s most recent quarterly earnings, we now know that some crypto trading platforms are also underperforming. advertisement Yesterday after the bell, Coinbase Global (Nasdaq: COIN) announced its Q1 2022 earnings. The results were not good and sent COIN stock plummeting. As of the time of this writing, COIN is down over 14.5% to $62.33 in pre-market trading. That’s an all-time low for Coinbase, which peaked at just over $319 last October. The company went public in a much-hyped direct listing a little over a year ago, the first major crypto exchange to list on U.S. markets. So, what sent COIN stock crashing? As CNBC reports , revenue fell 27% from a year ago. That decline was led by fewer users … [Read more...] about Why is Coinbase crashing? COIN stock hits all-time low as crypto trading sinks