Alpine's Technical Director Matt Harman and head of Aerodynamics Dirk de Beer have left the team following disappointing results, prompting a re-shuffle in the technical department. The team will now have a trio of Technical Directors, with Joe Burnell, David Wheater, and Ciaron Pilbeam taking on specialized roles. The changes come after Alpine's fall from fourth to sixth in the 2023 Championship standings, with the team aiming to improve performance and collaboration across technical areas.
Adobe Inc. has given a lukewarm sales outlook for 2024, disappointing investors who were expecting new generative artificial intelligence (AI) tools to quickly boost the company's results. The software giant's revenue is projected to be around $21.4 billion in 2024, falling short of analysts' estimates of $21.7 billion. Adobe's digital media unit, which includes popular software like Photoshop and Illustrator, also missed expectations for annual recurring revenue. The company's conservative outlook suggests that it may take longer than anticipated to see significant contributions from its generative AI products. Adobe is currently facing regulatory hurdles for its planned acquisition of design software startup Figma Inc. and is also under investigation by the US Federal Trade Commission for its subscription cancellation practices.
The first trial in Africa testing two combination vaccines to prevent HIV has been halted after researchers determined that the vaccines were not effective in reducing the risk of acquiring HIV. The trial, which involved 1,500 participants in Uganda, Tanzania, and South Africa, was stopped after an interim review of progress. The final results are expected to be released in late 2024. This setback means that there are currently no HIV vaccines being tested for efficacy anywhere in the world. Despite the disappointing results, researchers remain optimistic about the development of an effective HIV vaccine in the future.
Honeywell's shares faced pressure as the company reported disappointing third-quarter results and weak forward guidance, despite slightly exceeding expectations in earnings and cash flow. The industrial conglomerate's lackluster performance for the rest of the year dampened investor enthusiasm.
The Pixel 8a, featuring Google's upcoming Tensor G3 SoC, has appeared in a benchmark leak, revealing lower clock speeds and disappointing results compared to the competition. Running on Geekbench 5 instead of the updated Geekbench 6, the Pixel 8a achieved a single-core score of 1,218 and a multi-core score of 3,175. The Tensor G3 is reported to be a generation behind competitors like the Snapdragon 8 Gen 2, and with the Snapdragon 8 Gen 3 on the horizon, the performance gap is expected to widen. Despite rumors of discontinuation, the Pixel 8a's appearance suggests that Google may have changed its plans for the Pixel-A series.
Foot Locker reported disappointing fiscal 2023 first-quarter results and guidance due to the need to flush out elevated inventories, causing the stock to drop.
