11:51 AM EDT, 07/16/2024 (MT Newswires) -- Baidu's ( BIDU ) advertising business likely remained weak and kept Q2 core revenue largely flat on a year-on-year basis amid macroeconomic headwinds and the company's shift towards artificial intelligence, Morgan Stanley said. The investment firm, however, said the Chinese search engine company's cloud service is a bright spot and its robotaxi business...

11:51 AM EDT, 07/16/2024 (MT Newswires) -- BioXcel Therapeutics ( BTAI ) shares rose more than 5% in recent Tuesday trading after the company said it expects Q2 revenue of about $1.1 million, up about 141% from a year earlier. Analysts polled by Capital IQ expect $800,000. The company said revenue grew due to an increase in contracting with psychiatric...

Vicinity Motor Corp ( VEV ) shares are trading lower by 12.8% to $0.56 during Tuesday’s session after the company announced pricing of a $2.5 million registered direct offering. Vicinity will sell 4,807,692 common shares and warrants to purchase an additional 4,807,692 shares at a combined price of $0.52 per share and warrant. The warrants, priced at $0.64 per share, are exercisable...

11:56 AM EDT, 07/16/2024 (MT Newswires) -- UnitedHealth Group ( UNH ) reported stronger-than-expected second-quarter results on Tuesday while lowering its full-year GAAP earnings guidance amid increased costs and revenue disruptions tied to a cyberattack in February. Revenue climbed to $98.86 billion for the three months ended June 30 from $92.9 billion the year earlier and topped the $98.81 billion...