
Gilead Sciences: A Mixed Bag of Opportunities and Risks
*Stock prices used were the prices of May 28, 2025. The video was published on Jul. 1, 2025.
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18 minutes ago
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NOW Stock's Performance However, since reporting first-quarter 2025 results on April 23, ServiceNow shares have jumped 24.5%. NOW has been benefiting from the rising adoption of its workflows by enterprises undergoing digital transformation. The company's expanding portfolio, accretive acquisitions and a rich partner base are the key catalysts. Technically, ServiceNow's stock is displaying a bullish trend as it is trading above both 200-day and 50-day moving averages. NOW Trades Above 50-day & 200-day SMAs So, what should investors do with the NOW stock? Let us dig deeper to find out. Strong Portfolio & Acquisitions Aid NOW's Prospects NOW's expanding portfolio has been a major driver. In May 2025, ServiceNow introduced its Core Business Suite, an AI-powered solution designed to streamline and transform core business operations, including HR, finance, procurement, facilities and legal, by unifying workflows and automating processes across departments to improve efficiency, reduce time to value and enhance employee experiences. ServiceNow announced the launch of AI agents in its Security and Risk solutions, transforming enterprise security by enabling self-defending systems, improving response times, and enhancing risk management in collaboration with Microsoft MSFT and Cisco. Expanding its portfolio in May 2025, NOW announced advancements in autonomous IT, introducing agentic AI capabilities on the ServiceNow AI Platform to drive zero outages, zero downtime and zero service desk incidents. ServiceNow's enterprise workflow automation suite has been gaining traction as enterprises increasingly adopt digital tools to streamline operations across departments. 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NOW Benefits From Expanding Partner Base A rich partner base that includes the likes of Alphabet, Amazon AMZN, Microsoft and NVIDIA NVDA is noteworthy. In May 2025, NOW partnered with Amazon's cloud computing arm, Amazon Web Services, to launch a bi-directional data integration solution, enabling enterprises to unify data and trigger AI-powered workflows by connecting ServiceNow with Amazon Redshift. NVIDIA and NOW collaborated to launch AI agents for the telecom industry. The AI agents were built with NVIDIA AI Enterprise software and the AI platform NVIDIA DGX Cloud. ServiceNow has expanded its partnership with NVIDIA to enhance agentic AI by integrating NVIDIA Llama Nemotron reasoning models and AI agent evaluation tools into the ServiceNow Platform for optimized business transformation. 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CBC
32 minutes ago
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CRA wants a law passed before issuing digital services tax refunds
Social Sharing Companies that paid the now-defunct digital services tax will have to wait for Ottawa to pass new legislation before they can get their refund, the Canada Revenue Agency has confirmed. Prime Minister Mark Carney announced late Sunday that Canada was dropping the tax on global tech giants in a bid to restart trade negotiations with the United States. The first payment was due Monday and would have collectively cost American companies like Amazon, Google, Airbnb, Meta and Uber about $2 billion US. The tax was a three per cent levy on revenue collected by the largest digital firms from their Canadian users. The first payment was retroactive to 2022. A CRA spokesperson said the agency collected some revenue from the digital services tax (DST) before Ottawa's reversal but didn't cite an amount. The spokesperson said Parliament will need to pass legislation formally revoking the tax in order for taxpayers to get their money back. Members of Parliament are currently on break and are scheduled to return on Sept. 15. The CRA waived the requirement for taxpayers to file a DST return ahead of the June 30 deadline and will not ask for any related payments in the meantime. Carney said Canada and the U.S. resumed trade talks Monday morning and are still aiming for a deal by the July 21 deadline he set with U.S. President Donald Trump at the G7 summit in Alberta last month. After Carney announced the end of the DST, the White House claimed that Canada had "caved" under pressure from Trump. The prime minister said Monday that the move was "part of a bigger negotiation" and "something that we expected, in the broader sense, that would be part of a final deal." Watch | Scrapping DST part of negotiations, Carney says: Scrapping digital service tax is part of U.S. negotiations, Carney says 2 days ago Duration 2:53 Prime Minister Mark Carney said on Monday that scrapping the digital services tax was one part of the bigger trade negotiation with the U.S., though the White House said Carney 'caved' when trade talks were cancelled. Talks have since resumed. Carney said the decision would provide businesses with some certainty. "It doesn't make sense to collect tax from people and then remit them back," he said on Monday. Some businesses reported the last-minute change caused confusion among companies that were in the process of paying the tax. Tariq Nasir, a partner at EY Canada's indirect tax practise, said Monday that some companies have been given instructions to pay the tax, but the payments were not going through at the CRA. He said companies that have made the payments were wondering how to account for them in their quarterly statements, due in the next month.


Globe and Mail
33 minutes ago
- Globe and Mail
Market Factors: Two ways the finance industry may not be acting in your interests
In this edition of Market Factors, I'll outline two market trends that could lead to risks for domestic investors and then discuss evidence that the U.S. onshoring trend is ahead of schedule. The diversion discusses a new report about etiquette coaches for Gen-Z employees and we'll look ahead to data releases for the coming week. There have been times when I've defended the finance industry from claims of venality here in the newsroom but today I will do the reverse and warn readers of two ways the industry may not be working in investors' interests. The first case involves gold. It is no secret that bullion is rallying – it's up 84.3 per cent in the past three years compared with 62.2 per cent for the S&P 500. The problem is that the quality of new issues and secondary offerings declines the longer the rally continues. Investors who don't already own gold are afraid of missing out and getting in too late. Investment bankers are well aware of this. 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I don't doubt that a rich deposit of tellurium exists somewhere up there, but investors asked to help fund mining it should make sure there's a road within 500 miles and at least faint hopes of electricity and fuel. I may (or may not) have seen examples of poor-quality gold miner stock issuance and the selling of shares in highly speculative rare earth properties during my time in finance. I definitely believe investors should be careful about stock sales in both sectors. Morgan Stanley has released a report suggesting the U.S. onshoring trend is happening faster than expected, with industrial stocks already profiting. Morgan Stanley global director of research Katy Huberty publishes a weekly Charts That Caught My Eye report, highlighting her picks for the most interesting and relevant research issued at the (giant) company. 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Like most people, I've heard the horror stories – one of the first featured a parent accompanying a Gen Z prospect to a job interview – but the anecdotes now are starting to sound like a running joke. Please forward any related firsthand experiences. I can be reached at sbarlow@ Looking for our updates on market movers, analyst actions, stock technicals, insider trades and other daily, weekly and monthly insight? Click here to visit our Inside the Market page. Elon Musk's companies are at risk as the billionaire reignites a feud with Donald Trump The biggest U.S. banks are are hiking dividends and announcing share buybacks after acing stress tests Dan Hallett has done a deep dive to find out whether covered call strategies actually do shine in flat markets The data calendar remains 'dog days of summer' light. Domestically the international merchandise trade result for May is out Thursday (a deficit of $5.98-billion expected) and the S&P Global Canada services PMI for June will be released Friday. No major corporate releases are on tap for the next week. The Americans are scrambling to get the important economic releases out before July 4. Thursday will see change in non-farm payroll for June (110,000 new jobs forecasted), average hourly earnings for June (a 0.3 per cent month-over-month rise expected) and ISM services index for June (50.7). Wholesale inventories for May will be announced on July 9th. See the full earnings and economic calendar here Are you a Canadian retiree involved in an investment club to help keep busy and boost your market knowledge? The Globe is doing a story on investment clubs for retirees. If you're interested in being interviewed about your club, e-mail reporter Brenda Bouw at: bbouw@ We look forward to hearing from you