AI investments and Syria's development – this week's business headlines from the Middle East
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Biogen to invest $2 billion more in North Carolina
(Reuters) -Drugmaker Biogen (BIIB) said on Monday it will invest an additional $2 billion in its existing manufacturing footprint in North Carolina's Research Triangle Park. The company has invested about $10 billion in its North Carolina manufacturing to date. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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19 minutes ago
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FedEx Corporation (FDX) Battles Lawsuit Over Overtime Allegation, While Citi Maintains Bullish Outlook
Trading at a low P/E multiple with potential upside for investors, FedEx Corporation (NYSE:FDX) is among the . On July 11, 2025, Bloomberg reported that FedEx Corporation (NYSE:FDX) is facing a new class action lawsuit filed in the U.S. District Court for the Northern District of Illinois. The lawsuit allegedly accuses the company of violating Illinois wage laws as it fails to pay overtime. Meanwhile, on the previous day, Citi maintained a 'Buy' rating on FedEx Corporation (NYSE:FDX), setting its price target at $278, which is significantly higher than the company's current price of $226.62, as of the time of writing. This comes ahead of the company's announcement of the opening of a new 38,000-square-foot logistics facility in Manchester, U.K. This facility, located near Manchester Airport, boasts advanced sorting and security technologies, enhancing operational efficiency and service quality. The facility's opening, announced by the company on July 16, 2025, underscores FDX's ongoing international infrastructure investment to support trade and growth as it navigates legal challenges. FedEx Corporation (NYSE:FDX) offers transportation, e-commerce, and business services globally with its FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. It is on the list of cheap transportation stocks. While we acknowledge the potential of FDX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Billionaire Kerr Neilson's 10 Stock Picks with Huge Upside Potential and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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19 minutes ago
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United Parcel Service, Inc. (UPS) Launches Voluntary Separation Program; JP Morgan Maintains ‘Neutral' Rating
With a low P/E multiple and potential upside for investors, United Parcel Service, Inc. (NYSE:UPS) is among the . Copyright: lightpoet / 123RF Stock Photo On July 8, 2025, JPMorgan decreased its price target on United Parcel Service, Inc. (NYSE:UPS) from $110 to $107, maintaining a 'Neutral' rating. The analysts at the firm cited persisting uncertainty regarding tariffs and trade policy, and the volatility of spot truckload rates. Meanwhile, on July 18, 2025, under its largest network reconfiguration to date, United Parcel Service, Inc. (NYSE:UPS) launched a voluntary separation program for its full-time employees. Under this program, eligible drivers will earn $1,800 per year of service, in addition to their earned retirement benefits like insurance and health. The employees will earn a minimum payout of $10,000. United Parcel Service, Inc. (NYSE:UPS) has over 10,000 drivers with 25+ years of experience. Thus, this program aims to support such long-serving employees, along with helping the company adapt to rapidly changing business demands. United Parcel Service, Inc. (NYSE:UPS), offering package delivery and logistics services, operates through two segments, U.S. Domestic Package and International Package. It is on the list of cheap transportation stocks. While we acknowledge the potential of UPS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 7 Best Stocks to Invest in for a Quick Return and 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
