Mon, Jul 1, 2024 7:13 PM
India panel urges drug regulator to approve Lilly's obesity drug Mounjaro
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Coca-Cola's stock has steadily grown, with an 8% increase since January, and a 3% dividend yield. The company's durable business model, with over 200 brands, generates high profits, with $0.21 of every revenue dollar becoming free cash flow. With a $274 billion market cap, the stock trades at an average P/E ratio of 27, and analysts expect 6-7% annual earnings growth.
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Beyond Meat's stock fell 12% in June, continuing a negative trend due to declining sales and losses. Revenue dropped 18% year-over-year in Q1 2024, with a net loss of $54 million and a gross margin of 4.9%. Despite efforts to cut expenses and rebalance inventory, the company's financial position remains risky, with $174 million in cash and over $1 billion in debt.
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SEPC Ltd, an engineering and construction company, is expanding its business into the United Arab Emirates (UAE) through the acquisition of a 75 per cent stake in AEEIS. AEEIS is a Bahrain-based company established in 2004 that specializes in electrical equipment, control & automation systems, field instrumentation systems, and transmission, protection & metering systems.
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