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Biopharmaceutical company $REGN reported an increase in 1Q16 results. Net income was $166MM or $1.45 per share in 1Q16 compared to $76MM or $0.66 per share in 1Q15 helped by higher revenues. Non-GAAP net income was $293MM or $2.57 per share in 1Q16. Total revenues increased by 38% to $1.20Bil versus last year.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.