Marvell Technology, Inc. ( MRVL ) shares are trading higher on Monday. The company disclosed the development of the FBNIC, a custom 5nm network interface controller (NIC) ASIC created in partnership with Meta Platforms, Inc. ( META ) to address the company’s infrastructure needs. Marvell ( MRVL ) will also contribute the FBNIC board design to the Open Compute Project...

11:05 AM EDT, 10/14/2024 (MT Newswires) -- (Updates with Ford's comment in the fifth paragraph.) Ford Motor's ( F ) rear-view cameras on its 2019 Flex vehicles are under preliminary investigation by the National Highway Traffic Safety Administration's Office of Defects Investigation for alleged failures. The preliminary investigation was launched Friday following receipt of 23 complaints submitted by vehicle owners...

11:02 AM EDT, 10/14/2024 (MT Newswires) -- Wells Fargo's ( WFC ) long-term outlook is strong and it is poised to be able to achieve the target of 15% return on tangible common equity once the current asset cap on the bank is lifted, RBC Capital said in a note emailed Monday. Until the asset cap is lifted, management is...

11:04 AM EDT, 10/14/2024 (MT Newswires) -- Longboard Pharmaceuticals' ( LBPH ) deal to be acquired by Danish pharmaceutical company H. Lundbeck came earlier than expected and undervalues the franchise, Truist Securities said Monday. On Monday, Longboard agreed to be acquired by H. Lundbeck in a deal with an equity value of roughly $2.6 billion. The deal came earlier than...