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DoorDash’s $300 Million Grubhub Deal Opens a New Venue-Commerce Opportunity
Insider Monkey8d agoneutral
DoorDash’s $300 Million Grubhub Deal Opens a New Venue-Commerce Opportunity

DoorDash, Inc. (NASDAQ:DASH) is acquiring Wonder’s Grubhub Campus Dining business for $300 million and investing another $125 million in Wonder’s Series D. The campus business operates at more than 450 colleges and universities, allowing students to order from campus dining facilities, pay with dining dollars, and schedule pickup. DoorDash plans to expand the technology beyond […]

Coca-Cola Bets $10 Billion on U.S. Infrastructure to Drive Growth
Insider Monkey8d agoneutral
Coca-Cola Bets $10 Billion on U.S. Infrastructure to Drive Growth

The Coca-Cola Company (NYSE:KO) plans to invest $10 billion in U.S. infrastructure from 2026 through 2030, reinforcing its manufacturing, distribution, and bottling network in one of its most important markets. The commitment is system-wide and therefore includes investments by Coca-Cola’s bottling partners, rather than representing $10 billion of Coca-Cola’s own capital expenditure. Bigger U.S. Network […]

General Motors (GM) Bets on Software to Strengthen its Pickup Truck Franchise
Insider Monkey8d agoneutral
General Motors (GM) Bets on Software to Strengthen its Pickup Truck Franchise

General Motors Company (NYSE:GM) is introducing a redesigned software experience on the 2027 Chevrolet Silverado 1500 and GMC Sierra 1500, its two important full-size pickup nameplates. The new interface expands screen real estate to more than 60 inches on some configurations, simplifies controls for functions such as trailering and off-roading, and allows GM’s native system […]

Novo CEO Says Drugmaker Needs to “Rethink” its Obesity Strategy
Insider Monkey8d agoneutral
Novo CEO Says Drugmaker Needs to “Rethink” its Obesity Strategy

Novo Nordisk A/S (NYSE:NVO) decision to use “Novo” as its day-to-day name is part of a broader attempt by CEO Mike Doustdar to reset the company’s culture and sharpen its competitive focus. The rebrand comes as Novo tries to regain momentum in obesity drugs after losing ground to Eli Lilly. Doustdar’s new “Novo Way” emphasizes […]

Honeywell CEO Calls GE-CPP Deal Positive Amid Persistent Supply Constraints
Insider Monkey8d agoneutral
Honeywell CEO Calls GE-CPP Deal Positive Amid Persistent Supply Constraints

Honeywell Aerospace Inc. (NASDAQ:HONA)’s CEO Jim Currier described GE Aerospace’s planned $11.75 billion acquisition of Consolidated Precision Products (CPP) as “positive for the industry overall,” while making clear that Honeywell does not directly compete with CPP because the parts it sources differ from those purchased by GE. The deal reflects a broader aerospace shift toward […]

Gilead Strengthens HIV Growth Platform with Expanded Latin America Access
Insider Monkey8d agoneutral
Gilead Strengthens HIV Growth Platform with Expanded Latin America Access

Gilead Sciences, Inc. (NASDAQ:GILD) has reached an agreement with the Pan American Health Organization (PAHO) to expand access to its twice-yearly HIV-prevention drug lenacapavir across Latin America and the Caribbean. The agreement creates a regional procurement pathway through PAHO for 14 countries, including Brazil, Mexico, Argentina, Colombia and Peru, that were outside Gilead’s existing voluntary […]

JPMorgan Sees Investment Banking and Trading Powering Q3 Growth
Insider Monkey8d agoneutral
JPMorgan Sees Investment Banking and Trading Powering Q3 Growth

JPMorgan Chase & Co. (NYSE:JPM) expects investment banking fees and markets revenue to rise in the mid-to-high teens percentage in the third quarter, according to co-President Doug Petno, contrasting sharply with Bank of America’s expectation for a roughly 10% decline in investment banking fees. Petno said JPMorgan entered the quarter with a strong pipeline and […]

AbbVie’s Dividend Growth Remains Solid Despite a Moderate Yield
Insider Monkey8d agoneutral
AbbVie’s Dividend Growth Remains Solid Despite a Moderate Yield

AbbVie Inc. (NYSE:ABBV) has declared another quarterly dividend of $1.73 per share. The dividend will be paid on November 16, 2026, to shareholders of record as of October 15. There is no new increase this time, since AbbVie has kept its quarterly dividend at $1.73 throughout 2026. Still, the latest declaration confirms the higher payout […]

Verizon’s Dividend Story: Reliable Income with Gradual Growth
Insider Monkey8d agoneutral
Verizon’s Dividend Story: Reliable Income with Gradual Growth

Verizon Communications Inc. (NYSE:VZ) is sticking with its $0.7075 quarterly dividend per share, with the next payment due on November 2, 2026. There is no new increase this time, as the company has already raised the payout earlier this year. At $2.83 per share on an annualized basis, Verizon offers a dividend yield of about […]

iPhone 18 Pro Hits Stores Today. Apple Stock Could Rise 13% if Demand Sticks, Analyst Says.
Barrons.com8d agoneutral
iPhone 18 Pro Hits Stores Today. Apple Stock Could Rise 13% if Demand Sticks, Analyst Says.

Apple took a risk by launching only premium priced phones in its latest rollout, but one Evercore ISI analyst thinks that risk will pay off for the company’s sales, and its stock. Amit Daryanani raised his price target on Apple to $380 from $365 on Friday, which implies a 13% increase from the stock’s last closing price of $337. This price target boost comes after Evercore completed an annual survey of about 4,000 customers regarding iPhone purchase intentions, which Daryanani says points to what he thinks will be a better-than-expected iPhone refresh cycle.