Zealand Pharma Hires Lilly Executive as Biotech Ramps Up in Obesity
Zealand Pharma A/S hired a senior executive from Eli Lilly & Co. after an agreement with a major drugmaker helped bolster its ambitions in obesity.
The Danish biotech named Utpal Singh as its chief scientific officer on Wednesday. Singh just relocated from the US after spending more than 18 years at Lilly, most recently as senior vice president of small molecule discovery.
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Mastercard (NYSE:MA) Partners With PayPal To Innovate Consumer Payment Solutions
Mastercard announced a partnership with PayPal to enhance the consumer payment experience, a move that potentially supported its stock appreciation by 6% over the last quarter. The introduction of the One Credential system, aiming to simplify payment processes, may have positively aligned with broader market trends, as evidenced by the S&P 500 and Nasdaq's recent gains. Additionally, Mastercard's robust Q1 earnings report may have bolstered investor confidence. While trade talks and macroeconomic factors influenced the market, Mastercard's initiatives—such as new product launches and expanded client partnerships—likely strengthened its position in the financial sector amidst ongoing global market developments. Be aware that Mastercard is showing 1 possible red flag in our investment analysis. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The recent partnership between Mastercard and PayPal could enhance its digital payment offerings, potentially boosting long-term revenue and earnings growth. Mastercard's share price appreciation following this announcement aligns with its broader strategy of fostering digital commerce innovation, such as the One Credential system. The new collaborative efforts may provide an incremental lift to revenue forecasts, reinforcing analysts' expectations of 12.1% annual revenue growth over the next three years. Meanwhile, the introduction of Agent Pay is likely to expand Mastercard's footprint in AI-driven commerce, presenting another avenue for earnings expansion. Over the past five years, Mastercard's total shareholder return, including dividends and share price appreciation, reached 91.86%, showcasing its performance and investor returns in comparison to broader market gains. While over the past year specifically, Mastercard's earnings growth surpassed that of the US Diversified Financial industry, recording an 11% increase compared to the industry's 9.3% growth. The current share price of US$558.99 reflects a modest discount to the consensus price target of US$620.47, suggesting a potential upside. Overall, Mastercard's strategic initiatives and partnerships position it well against future market challenges, although risks such as regulatory uncertainty in digital assets could influence revenue growth projections. Review our historical performance report to gain insights into Mastercard's track record. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:MA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
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The Kind of Artificial Intelligence (AI) Stock Warren Buffett Might Buy (if He Invested in AI)
Alphabet meets many of Warren Buffett's investment requirements. Alphabet faces some headwinds that could be difficult to overcome, but not impossible. 10 stocks we like better than Alphabet › Warren Buffett, the long-time CEO of Berkshire Hathaway, (NYSE: BRK.A) (NYSE: BRK.B), is known to avoid investing in companies that he doesn't understand and is not one to invest in cutting-edge technology. You can't fault the strategy when you consider Buffett's extraordinary career, which is coming to a close this year. But that doesn't mean individual investors can't apply Buffett's investing principles to various AI companies to identify stocks that would interest him if he were an AI investor. There's one company that checks all of Buffett's primary boxes when looking for a stock, and it's right under everyone's nose. Buffett is a value investor at heart, and he likes businesses that generate a ton of cash flow. Brand value is another item that he considers. But perhaps the biggest factor is the price he must pay for a stock. Buffett doesn't like overpaying for businesses and prefers to buy them at a discount to where they should be trading. One company checks all of these boxes: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Alphabet's brand value can't be disputed, as its properties like Google, YouTube, and the Android operating system are at the top of their respective industries (Android is much more popular outside of the U.S.). It's also a free-cash-flow-generating machine, turning 21% of revenue into free cash flow over the past 12 months. This number is a bit deflated due to Alphabet's massive investments in building data centers meant for AI and cloud computing. Still, these expenses will eventually drop, which will cause Alphabet's FCF to explode higher. Lastly is Alphabet's price tag, which is incredibly cheap compared to its peers. At 19 times trailing earnings and 18 times forward earnings, Alphabet's stock is at some of the cheapest levels it has reached in some time. Alphabet's stock looks quite inexpensive compared to the broader market (as measured by the S&P 500, which trades at 22.4 times forward earnings). With Alphabet checking those three primary boxes for Buffett, it may be a stock he'd consider buying if he were an AI investor, but there may also be some reasons to stay away. There's a reason that Alphabet's stock has gotten this cheap, and it has to deal with three primary issues: AI challenging search Economic headwinds Government lawsuits The biggest and most obvious challenge Alphabet faces is to its primary product: Google Search. Google Search is trying to defend its market share from generative AI products, and there are some predictions that a typical Google search will become a thing of the past as generative AI becomes more prevalent. This is far too aggressive of a prediction, as Google already offers AI search overviews, bridging the gap between traditional search and a full AI experience. While Google will undoubtedly lose some users to AI, it's hard to imagine the masses switching overnight. Next, investors are worried about Alphabet's advertising business during an economic downturn. About three-quarters of Alphabet's revenue comes from ad revenue, so it's a very important market. However, the economic uncertainty caused by tariffs could trigger a downturn or a recession, hurting Alphabet's ad market. While this is possible, economic downturns are not new, and Alphabet weathered multiple downturns throughout its life. It's equipped to handle this, and the ad markets always bounce back stronger than before after a downturn. Lastly, there are the government issues. Alphabet has been found guilty in two court cases of having an illegal monopoly, one in its search business and another in its advertising platform. We're still years away from knowing the outcome, as multiple appeals will occur to challenge the court's findings. At the end of the day, I think there's a low chance that Alphabet is broken up, mainly due to the AI headwinds it's already facing. There may be some concessions at the end of the day, but Alphabet will likely be intact five years from now. I don't believe that Alphabet's three primary threats are much to worry about, which is why I think investors should be willing to buy Alphabet while it's on sale. Buffett might be thinking the same thing, and you never know if he wants to make one more splash in the investment world before he retires. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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Stock market today: S&P 500, Nasdaq slide as Tesla dives on Trump-Musk escalation
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Trump confirmed a phone call with China's Xi after Chinese state media said the two leaders spoke on Thursday at Trump's request. "The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries," Trump wrote on social media on Thursday morning. "Our respective teams will be meeting shortly at a location to be determined." Read more: The latest on Trump's tariffs Department of Labor data out Thursday showed weekly claims for unemployment benefits hit their highest level in eight months during the final full week of May. Meanwhile, the tally of continuing claims continued to hover near the highest level in nearly four years, as the US labor market continues to show signs of slowing. Investors now await Friday's release of the closely watched May jobs report, which economists say will offer the "first real look at how the labor market is faring under a rapidly changing trade environment." In other corporate news, shares of stablecoin firm Circle (CRCL) exploded higher in its market debut. President Trump took to his social media platform Truth Social Thursday afternoon to continue an ongoing feud with Tesla (TSLA) CEO Elon Musk, who recently left his post with the Department of Government Efficiency (DOGE). "Elon was 'wearing thin,' I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!," Trump wrote on Truth Social. In a separate post, Trump said the easiest way money in the budget is to "terminate Elon's Governmental Subsidies and Contracts." Tesla stock quickly extended losses, and was down more than 12% just after Trump posted the comments. Read more about the ongoing feud here. Mortgage rates fell for the first time in a month, following a sharp move lower in Treasury yields. At around 6.9%, relatively high rates have depressed mortgage and homebuying activity throughout the critical spring season. Yahoo Finance's Claire Boston reports: Read more here. Palantir (PLTR) shares fell as much as 5% in afternoon trading as Semafor reported Republican privacy advocates in Congress are criticizing the Trump administration's work with the defense technology company. Multiple Congress members expressed privacy concerns regarding Palantir's collection of a "massive pool of government data on Americans." Read more here. Yahoo Finance's Pras Subramanian reports: Read more here. Stablecoin issuer Circle Internet Group (CRCL) shares are soaring just after the company began trading at $69. The stock quickly hit $92 after several trading halts. Shares are now up more than 200% from the companies IPO price of $31 per share. Read more here. The S&P 500 (^GSPC) came close to touching 6,000 on Thursday, its highest level since February. The broad-based index touched a session high of 5,999.70 after President Trump said he had a "very good phone call" with his Chinese counterpart, Xi Jinping, about trade. Stocks have roared back roughly 20%, or more than 1,000 points, from their April lows after President Trump's "Liberation Day" tariff policy reveal. The president has since rolled back the broad-based reciprocal tariff plan he unveiled on April 2, announcing a 90-day pause on many countries, a framework deal with the UK, and a temporary trade truce with China. Yahoo Finance's Jen Schonberger reports: Read more here. Trump Media and Technology (DJT) took a key step toward launching a publicly traded crypto investment product Thursday morning. The newly formed Truth Social Bitcoin ETF business trust filed its S-1 with the US Securities and Exchange Commission to register the new exchange-traded fund licensing Trump Media's social media brand. The ETF will trade on the NYSE Arca. Thursday's filing is a significant step for Trump Media's move into the cryptocurrency space. Shares of DJT were down just over 1% late Thursday morning. Read the full story here. President Trump posted on social media that he had a 'very good phone call' with Chinese leader Xi Jinping over trade. "I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal," Trump wrote on Truth Social on Thursday morning. "The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries," he added. Trump said each country's respective teams will be meeting shortly at a location to be determined. The president also said there "should no longer be any questions respecting the complexity of Rare Earth products." The issue of rare earth minerals, crucial components for manufacturing, has come to the forefront in recent weeks as China has made moves to restrict their exports to the US, in retaliation against US trade policy. This week, a group representing US auto suppliers called on Wednesday warned that the issue could quickly disrupt auto parts production Read more here. Tesla (TSLA) stock fell more than 5% on Thursday, extending declines from the previous session following an increasingly public policy blowout between President Trump and Tesla CEO Elon Musk "Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL," Musk posted on X on Wednesday. Musk added, "If the massive deficit spending continues, there will only be money for interest payments and nothing else!" EV tax credits could also be at risk after a report from Bloomberg suggests that Musk's new tack to destroy the bill comes after his lobbying to save the tax credits was unsuccessful. Amazon (AMZN) stock gained as much as 2% on Thursday morning after Chinese state media said President Trump and Chinese leader Xi Jinping spoke on Thursday, at the request of the US president. Amazon, which sells many products sourced in China, rose following the announcement. US stocks opened higher on Thursday after Chinese media reported a conversation between President Trump and Chinese leader Xi. This raised investor hopes that the two countries could be coming closer to a lasting trade agreement. The Dow Jones Industrial Average (^DJI) was little changed, while the S&P 500 (^GSPC) rose slightly. The tech-heavy Nasdaq Composite (^IXIC) also gained 0.2%. Chinese state media said Trump and Chinese leader Xi Jinping spoke on Thursday at the US president's request. Tesla (TSLA) stock slumped more than 3% in premarket trading as CEO Elon Musk continued his public feud with policymakers over President Trump's tax and spending bill. "Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL," Musk posted on X on Wednesday. Some have speculated that these outbursts may in part have to do with Musk's concern that Congress will do away with the federal EV tax credit, which helped the company by making its cars more affordable to consumers. Though Musk has also downplayed Tesla's reliance on the tax credit in the past. Yahoo Finance's Pras Subramanian reports: Read more here. Weekly claims for unemployment benefits hit their highest level in more than seven months during the final full week of May while the number of Americans filing for unemployment insurance on an ongoing basis continued to hover near its highest level in nearly four years as the US labor market continues to show signs of slowing. Data from the Department of Labor released Thursday morning showed 247,000 initial jobless claims were filed in the week ending May 231, up from 239,000 the week prior and above economists' expectations for 235,000. Meanwhile, 1.904 million continuing claims were filed, down slightly from 1.907 million the week prior and near the highest level seen since November 2021. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs. Silver surged to its highest level since February 2012, rising about 4% to above $36 an ounce on Thursday morning. Gold also rose 0.5% as demand for the metals remained strong. Bloomberg reports: Read more here. As millions of people flooded into the stock market over the past few years, understanding of the things that move markets seems to have made noticeable progress. Not, however, for bonds, notes Yahoo Finance's Hamza Shaban: Read more here in today's Morning Brief. Earnings: Broadcom (AVGO), DocuSign (DOCU), Lululemon (LULU), Cracker Barrel (CBRL), Duluth Trading (DLTH), Land's End (LE), Petco (WOOF), Rubrik (RBRK), Victoria's Secret (VSCO) Economic data: Initial jobless claims (week ending May 31); Continuing claims (week ending May 24); Challenger job cuts (May); Nonfarm productivity (first quarter final); Unit labor costs (first quarter final) Here are some of the biggest stories you may have missed overnight and early this morning: Bonds are 'boring' — but they're critical to focus on right now US plans wider China tech curbs targeting subsidiaries 401(k) savings rate hit a record in first quarter: Fidelity US business optimism slumps in 'clear pivot' from Trump election Tesla: Musk may be changing his tune on EV tax credits Trump tariffs: China's rare-earth broadside hits its target Tide maker Procter & Gamble is slashing 7,000 jobs Amazon tests humanoid robots to replace delivery workers: Report Procter & Gamble (PG) said Thursday it will cut 7,000 jobs — or around 6% of its global workforce — as it grapples with rising tariff-related costs and shifts in demand from penny-watching shoppers. The consumer products giant's two-year restructuring plan also calls for the dropping of certain product categories and brands, Reuters reported. Shares in P&G were little changed in premarket trading as investors assessed the news from the world's largest consumer goods company. Yahoo Finance's Brian Sozzi reports: Read more here. Here are some top stocks trending on Yahoo Finance in premarket trading: Tesla (TSLA) stock fell over 1% in premarket trading on Thursday following CEO Elon Musk's latest attack on President Trump's tax bill. Musk said: "Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL," Musk posted on X. PVH Corp (PVH), the owner of designer brand Calvin Klein, stock dropped 8% before the bell after cutting its profit outlook for the year, citing weakness in the US, China and tariffs. Zac Coughlin, Chief Financial Officer, said, 'We are reaffirming our revenue guidance for the year but are decreasing our outlook for profitability and earnings per share to reflect that backdrop and the current performance of our business." Robinhood (HOOD) stock rose 1% following Bank of America (BAC) saying the online brokerage is a "prime candidate" to enter the S&P 500 Index in the rebalancing set to be announced Friday. Broadcom (AVGO) stock rose 1.4% in premarket trading ahead of second-quarter earnings report, due for release later today. Optimism in the current state of the US economy and of US businesses has seen a rapid decline throughout 2025. After a sharp peak following President Trump's reelection, hope for a stable economy has been in free fall, dropping 40% in less than six months. Bloomberg reports: Read more here. President Trump took to his social media platform Truth Social Thursday afternoon to continue an ongoing feud with Tesla (TSLA) CEO Elon Musk, who recently left his post with the Department of Government Efficiency (DOGE). "Elon was 'wearing thin,' I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!," Trump wrote on Truth Social. In a separate post, Trump said the easiest way money in the budget is to "terminate Elon's Governmental Subsidies and Contracts." Tesla stock quickly extended losses, and was down more than 12% just after Trump posted the comments. Read more about the ongoing feud here. Mortgage rates fell for the first time in a month, following a sharp move lower in Treasury yields. At around 6.9%, relatively high rates have depressed mortgage and homebuying activity throughout the critical spring season. Yahoo Finance's Claire Boston reports: Read more here. Palantir (PLTR) shares fell as much as 5% in afternoon trading as Semafor reported Republican privacy advocates in Congress are criticizing the Trump administration's work with the defense technology company. Multiple Congress members expressed privacy concerns regarding Palantir's collection of a "massive pool of government data on Americans." Read more here. Yahoo Finance's Pras Subramanian reports: Read more here. Stablecoin issuer Circle Internet Group (CRCL) shares are soaring just after the company began trading at $69. The stock quickly hit $92 after several trading halts. Shares are now up more than 200% from the companies IPO price of $31 per share. Read more here. The S&P 500 (^GSPC) came close to touching 6,000 on Thursday, its highest level since February. The broad-based index touched a session high of 5,999.70 after President Trump said he had a "very good phone call" with his Chinese counterpart, Xi Jinping, about trade. Stocks have roared back roughly 20%, or more than 1,000 points, from their April lows after President Trump's "Liberation Day" tariff policy reveal. The president has since rolled back the broad-based reciprocal tariff plan he unveiled on April 2, announcing a 90-day pause on many countries, a framework deal with the UK, and a temporary trade truce with China. Yahoo Finance's Jen Schonberger reports: Read more here. Trump Media and Technology (DJT) took a key step toward launching a publicly traded crypto investment product Thursday morning. The newly formed Truth Social Bitcoin ETF business trust filed its S-1 with the US Securities and Exchange Commission to register the new exchange-traded fund licensing Trump Media's social media brand. The ETF will trade on the NYSE Arca. Thursday's filing is a significant step for Trump Media's move into the cryptocurrency space. Shares of DJT were down just over 1% late Thursday morning. Read the full story here. President Trump posted on social media that he had a 'very good phone call' with Chinese leader Xi Jinping over trade. "I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal," Trump wrote on Truth Social on Thursday morning. "The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries," he added. Trump said each country's respective teams will be meeting shortly at a location to be determined. The president also said there "should no longer be any questions respecting the complexity of Rare Earth products." The issue of rare earth minerals, crucial components for manufacturing, has come to the forefront in recent weeks as China has made moves to restrict their exports to the US, in retaliation against US trade policy. This week, a group representing US auto suppliers called on Wednesday warned that the issue could quickly disrupt auto parts production Read more here. Tesla (TSLA) stock fell more than 5% on Thursday, extending declines from the previous session following an increasingly public policy blowout between President Trump and Tesla CEO Elon Musk "Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL," Musk posted on X on Wednesday. Musk added, "If the massive deficit spending continues, there will only be money for interest payments and nothing else!" EV tax credits could also be at risk after a report from Bloomberg suggests that Musk's new tack to destroy the bill comes after his lobbying to save the tax credits was unsuccessful. Amazon (AMZN) stock gained as much as 2% on Thursday morning after Chinese state media said President Trump and Chinese leader Xi Jinping spoke on Thursday, at the request of the US president. Amazon, which sells many products sourced in China, rose following the announcement. US stocks opened higher on Thursday after Chinese media reported a conversation between President Trump and Chinese leader Xi. This raised investor hopes that the two countries could be coming closer to a lasting trade agreement. The Dow Jones Industrial Average (^DJI) was little changed, while the S&P 500 (^GSPC) rose slightly. The tech-heavy Nasdaq Composite (^IXIC) also gained 0.2%. Chinese state media said Trump and Chinese leader Xi Jinping spoke on Thursday at the US president's request. Tesla (TSLA) stock slumped more than 3% in premarket trading as CEO Elon Musk continued his public feud with policymakers over President Trump's tax and spending bill. "Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL," Musk posted on X on Wednesday. Some have speculated that these outbursts may in part have to do with Musk's concern that Congress will do away with the federal EV tax credit, which helped the company by making its cars more affordable to consumers. Though Musk has also downplayed Tesla's reliance on the tax credit in the past. Yahoo Finance's Pras Subramanian reports: Read more here. Weekly claims for unemployment benefits hit their highest level in more than seven months during the final full week of May while the number of Americans filing for unemployment insurance on an ongoing basis continued to hover near its highest level in nearly four years as the US labor market continues to show signs of slowing. Data from the Department of Labor released Thursday morning showed 247,000 initial jobless claims were filed in the week ending May 231, up from 239,000 the week prior and above economists' expectations for 235,000. Meanwhile, 1.904 million continuing claims were filed, down slightly from 1.907 million the week prior and near the highest level seen since November 2021. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs. Silver surged to its highest level since February 2012, rising about 4% to above $36 an ounce on Thursday morning. Gold also rose 0.5% as demand for the metals remained strong. Bloomberg reports: Read more here. As millions of people flooded into the stock market over the past few years, understanding of the things that move markets seems to have made noticeable progress. Not, however, for bonds, notes Yahoo Finance's Hamza Shaban: Read more here in today's Morning Brief. Earnings: Broadcom (AVGO), DocuSign (DOCU), Lululemon (LULU), Cracker Barrel (CBRL), Duluth Trading (DLTH), Land's End (LE), Petco (WOOF), Rubrik (RBRK), Victoria's Secret (VSCO) Economic data: Initial jobless claims (week ending May 31); Continuing claims (week ending May 24); Challenger job cuts (May); Nonfarm productivity (first quarter final); Unit labor costs (first quarter final) Here are some of the biggest stories you may have missed overnight and early this morning: Bonds are 'boring' — but they're critical to focus on right now US plans wider China tech curbs targeting subsidiaries 401(k) savings rate hit a record in first quarter: Fidelity US business optimism slumps in 'clear pivot' from Trump election Tesla: Musk may be changing his tune on EV tax credits Trump tariffs: China's rare-earth broadside hits its target Tide maker Procter & Gamble is slashing 7,000 jobs Amazon tests humanoid robots to replace delivery workers: Report Procter & Gamble (PG) said Thursday it will cut 7,000 jobs — or around 6% of its global workforce — as it grapples with rising tariff-related costs and shifts in demand from penny-watching shoppers. The consumer products giant's two-year restructuring plan also calls for the dropping of certain product categories and brands, Reuters reported. Shares in P&G were little changed in premarket trading as investors assessed the news from the world's largest consumer goods company. Yahoo Finance's Brian Sozzi reports: Read more here. Here are some top stocks trending on Yahoo Finance in premarket trading: Tesla (TSLA) stock fell over 1% in premarket trading on Thursday following CEO Elon Musk's latest attack on President Trump's tax bill. Musk said: "Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL," Musk posted on X. PVH Corp (PVH), the owner of designer brand Calvin Klein, stock dropped 8% before the bell after cutting its profit outlook for the year, citing weakness in the US, China and tariffs. Zac Coughlin, Chief Financial Officer, said, 'We are reaffirming our revenue guidance for the year but are decreasing our outlook for profitability and earnings per share to reflect that backdrop and the current performance of our business." Robinhood (HOOD) stock rose 1% following Bank of America (BAC) saying the online brokerage is a "prime candidate" to enter the S&P 500 Index in the rebalancing set to be announced Friday. Broadcom (AVGO) stock rose 1.4% in premarket trading ahead of second-quarter earnings report, due for release later today. Optimism in the current state of the US economy and of US businesses has seen a rapid decline throughout 2025. After a sharp peak following President Trump's reelection, hope for a stable economy has been in free fall, dropping 40% in less than six months. Bloomberg reports: Read more here. 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