Vince Condarcuri

21 hours ago | tipranks.com | Vince Condarcuri

New York Attorney General Letitia James has filed a lawsuit against Capital One (COF), claiming that the bank misled customers with its 360 Savings accounts. The bank had advertised the accounts as offering some of the best interest rates in the country, but then locked many customers into a low 0.30% rate, even as rates were rising.

1 day ago | tipranks.com | Vince Condarcuri

Arista Networks (ANET), a networking equipment company, is reportedly in the process of acquiring VeloCloud, which is a networking business unit owned by Broadcom (AVGO), according to The Information. VeloCloud provides both networking software and hardware to major clients, including telecom service providers. Although the exact price of the deal is unknown, it is expected to be under $1 billion, as the unit was generating around $300 million in annual recurring revenue as of October 2024.

1 day ago | tipranks.com | Vince Condarcuri

Pharma company Novo Nordisk (NVO) has signed a $2.2 billion partnership with biotech firm Septerna (SEPN) in order to develop new oral treatments for obesity, Type 2 diabetes, and other related health conditions. Although these areas are already targeted by current GLP-1 drugs like Wegovy, the deal gives Novo exclusive rights to Septerna’s small-molecule pills and is part of Novo’s push to stay ahead in the competitive weight-loss drug market.

1 day ago | blog.tipranks.com | Vince Condarcuri

Shares of Affirm ($AFRM) are surging in today’s trading after the company revealed a new deal with retailer Costco ($COST). This multi-year partnership will allow shoppers to use Affirm’s “buy now, pay later” option when shopping on Costco.com. Customers can split their payments into smaller amounts after going through a quick, real-time check to see if they qualify. The news pushed Affirm’s stock to its highest level since March, even though it’s still down overall for the year.

2 days ago | tipranks.com | Vince Condarcuri

Tech giant Google (GOOGL) is getting ready to reveal major updates at its upcoming I/O developer conference. One of the key features it’s working on is a new AI coding assistant called a “software development lifecycle agent.” This tool acts like a virtual coworker that can help engineers fix bugs, write code, and flag security issues with little help from humans. This is a step ahead of today’s AI coding tools, which still need a lot of human input.