Sherwin-Williams Company ( SHW ) shares are trading lower in the morning session on Tuesday. The company reported first-quarter adjusted earnings per share of $2.17, missing the Wall Street view of $2.21.  Quarterly revenue of $5.367 billion missed the analyst consensus of $5.505 billion.  Consolidated net sales decreased 1.4% in the quarter. Delayed capex projects impacted Property Maintenance sales. Net sales from stores in...

(Reuters) - Microsoft ( MSFT ) said on Tuesday that Coca-Cola had signed a $1.1 billion five-year deal to use its cloud computing and artificial intelligence services. Under the agreement, Microsoft ( MSFT ) and Coca-Cola will jointly experiment with Azure OpenAI. That service uses technology from Microsoft ( MSFT )-backed startup and ChatGPT creator OpenAI to let customers build...

On Monday, Abeona Therapeutics Inc ( ABEO )  announced a regulatory update for prademagene zamikeracel (pz-cel).  The FDA has issued a Complete Response Letter (CRL) in response to the company’s Biologics License Application (BLA) for pz-cel for the treatment of patients with recessive dystrophic epidermolysis bullosa (RDEB).  The CRL follows the completion of Abeona’s Late Cycle Review Meeting with the FDA in March 2024.  At the...

09:38 AM EDT, 04/23/2024 (MT Newswires) -- Nippon Steel will not be able to close a deal to take over United States Steel ( X ) without the backing of the United Steelworkers union, the chief financial officer of Cleveland-Cliffs ( CLF ) said Tuesday. As we explained to US Steel, to their advisers and to the entire market early...