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July 22 – Lockheed Martin (NYSE:LMT) shares fell more than 6% Tuesday after the defense contractor reported an 80% plunge in second-quarter profit. This profit decline was due to the $1.6 billion pretax charge tied to a classified Aeronautics program. Net income dropped to $342 million, or $1.46 per share, compared with $1.64 billion, or $6.85 per share, a year …

Replimune’s shares crater as FDA rejects melanoma drug  Fierce Biotech Replimune skin cancer therapy rejected by FDA, a sign of regulators’ hardened stance  statnews.com Replimune drug rejected by FDA; Omega raises $647M biotech fund  Yahoo Finance Replimmune Plummets Following FDA’s Surprise Rejection of Melanoma Treatment  BioSpace Replimune Stock Plummets 75% After FDA Rejects Application for Skin Cancer Treatment  Barron’s Source link

New York CNN  —  Your Kit Kat bar and Reese’s Peanut Butter Cups are officially getting pricier. Hershey told its retail partners it is raising prices by a percentage in the “lower double-digit range” over what its chocolate products cost over the past couple years, a company spokesperson confirmed to CNN. The culprit: high cocoa prices. Bloomberg first reported the …

US Nuclear Weapons Agency Breached in Microsoft SharePoint Hack  Bloomberg Disrupting active exploitation of on-premises SharePoint vulnerabilities  Microsoft Microsoft says Chinese hacking groups exploited SharePoint vulnerability in attacks  CNBC China behind vast global hack involving multiple US agencies  Politico Microsoft flaw ‘opens the door’ for hackers. It will be hard to close  The Seattle Times Source link

Tariff strategies: Target ends price-matching promise, while Walmart looks to take market share (TGT:NYSE)  Seeking Alpha Target is changing one of its biggest customer perks  CNN Target to end Price Match Guarantee with Walmart, Amazon  NewsNation Target Announces Major Pricing Change  Newsweek The major retailers still offering price matching, as Target drops the policy  Business Insider Source link

Microsoft Links Ongoing SharePoint Exploits to Three Chinese Hacker Groups  The Hacker News Disrupting active exploitation of on-premises SharePoint vulnerabilities  Microsoft US Nuclear Weapons Agency Breached in Microsoft SharePoint Hack  Bloomberg Microsoft says Chinese hacking groups exploited SharePoint vulnerability in attacks  CNBC China behind vast global hack involving multiple US agencies  Politico Source link

Lockheed records $1.6B in losses, mostly linked to continued strife on classified aero program  Breaking Defense Lockheed profit dives 80% on $1.6 billion charge, shares tumble  Reuters Lockheed Stock Falls After Earnings. What Caught Wall Street by Surprise.  Barron’s Lockheed Martin Stock Stumbles as Defense Contractor Cuts Forecast  Investopedia Lockheed Martin Tumbles On Earnings. Here’s Why.  Investor’s Business Daily Source link

CNBC’s Jim Cramer on Tuesday advised against shorting Kohl’s stock, comparing the scenario to the GameStop short squeeze four years ago. “The shorts have clearly overstepped their boundaries with Kohl’s. They’ve run into a buzz-saw of their own creation,” he said. “Even now, I think they’d be wise to cover their short and move on before they have another GameStop …

PNC taps Coinbase to create crypto trading offering for bank customers  Reuters Coinbase and PNC to work together as crypto reaches for Main Street  Yahoo Finance PNC, Coinbase strike partnership for digital asset solutions (PNC:NYSE)  Seeking Alpha PNC strikes deal with Coinbase to bring cryptocurrency services to banking customers  The Block PNC to offer crypto trading as it expands beyond regional roots  Financial Times Source …

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