Podcast Summary
PESI's Success in Destroying PFAS, Cosmetics Stocks Downturn, Alphabet's AI-Powered Search Considered for Paywall: PESI makes progress in eliminating PFAS with pilot plant testing, cosmetics stocks face a downturn due to Ulta Beauty's caution on consumer spending, and Alphabet explores a paywall for its advanced AI-search features
Perma Fix Environmental Services (PESI) made strides in the destruction of forever chemicals, PFAS, with successful pilot plant testing, potentially leading to commercial application in various markets. Cosmetics stocks, including Ulta Beauty, Sally Beauty Holdings, e. L. F. Beauty, Coty, Nu Skin, Estee Lauder, and Inter Parfums, experienced a downturn due to Ulta Beauty's cautious commentary on consumer spending and credit card debt. Alphabet's advanced search features, powered by generative artificial intelligence, are reportedly under consideration for a paywall, marking a potential shift in the tech giant's business model.
Google's Free Search with Ads for Subscribers, Market News, and Upcoming Events: Google offers free search with ads for subscribers, NVIDIA expects no earthquake disruptions, Apple explores personal robots, gold and silver hit records, AACR meeting could impact stocks, Home Depot CFO speaks, Nasdaq and S&P 500 gain, Levi Strauss beats expectations, initial jobless claims, Fed speeches, Women's Economic Symposium upcoming
Google will continue to offer free mainline search, while serving ads to subscribers as well. In other news, NVIDIA expects no disruptions from the Taiwan earthquake, Apple may be exploring personal robots, and gold and silver reached new record highs. The American Association for Cancer Research meeting could impact stocks like Verastem, Century Therapeutics, and Fusion Pharmaceuticals. The CFO of Home Depot will present at the JPMorgan Retail Roundup Conference. The Nasdaq and S&P 500 saw gains on Wednesday, while the Dow finished marginally lower. Crude oil and Bitcoin were also mentioned in the markets update. Levi Strauss was a notable pre-market mover after beating expectations and raising its profit outlook. Initial jobless claims, speeches from Fed officials, and the Women's Economic Symposium are among the upcoming economic events.
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