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10:19
According to documents submitted to the US Securities and Exchange Commission, Duke Energy Carolinas, a subsidiary of Duke Energy, reached a partial settlement agreement on July 2 regarding its rate case in North Carolina.
This settlement marks a significant advancement in the regulatory process of this longstanding dispute, although not all parties involved have signed the agreement. This development is expected to pave the way for the final determination of future electricity fee structures, while alleviating some regulatory uncertainty. The company stated it will continue negotiations with the remaining relevant parties to seek a comprehensive solution.
10:19
Investment bank Evercore ISI has adjusted its rating on biotechnology company Twist Bioscience Corp (TWST).
The institution downgraded the stock rating of a certain exchange from "outperform" to "neutral." Meanwhile, analysts significantly raised the target price for the stock, increasing it from the previous $66 to $102. This adjustment reflects that the investment bank has rebalanced its expectations for the company's short-term performance and long-term value potential when assessing its prospects.
10:11
Morgan Stanley expects US stock market funds to shift towards mega-cap companies, setting a year-end target of 8,000 points for the S&P 500 Index.
Morgan Stanley strategists said that US stock market funds will shift from semiconductor stocks to mega-cap companies such as Microsoft, Amazon, and Meta, with a year-end target of 8,000 points for the S&P 500 index.
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