To the petrol

Tesla Bull lowers price target: Geopolitical issues and US-China economic ties keep stocks volatile

• Tesla Inc TSLA Shares have been under pressure due to the soft patch the company is experiencing amid poor economic and geopolitical conditions.
• MorganStanley Analyst and Tesla bull Adam Jonas lowered its price target on Tesla shares to $330 from $350, but maintained its overweight position and continued to position the name as a core holding.

Elon Musk’s Dogecoin Love Affair Continues As Twitter Ponders Crypto Wallet

• Twitter Inc TWTR Security Researcher is reportedly working on a cryptocurrency wallet that supports crypto deposits and withdrawals Jane Wong.
• The social media platform recently launched a feature called “Tips,” which allows users to connect a third-party payment service and post their tips Bitcoin (BTC/USD) or ether (ETH/USD) wallets to their accounts, allowing followers and supporters to tip these cryptos.

Amazon manages to turn the tide of the Union in its favor

• Amazon.com Inc AMZN Workers at a company warehouse in Southern California who were reluctant to join a union.
• According to the National Labor Relations Board, the union withdrew its petition for an election at a warehouse in California’s Moreno Valley.
• The Moreno Valley facility, dubbed ONT8, is a key hub for the Seattle-based e-commerce company, which relies heavily on imported goods from the ports of Los Angeles and Long Beach.

Novartis reports quarterly sales down 4%, further improving Sandoz’s earnings outlook

• Novartis AG NVS has reported core EPS of $1.58 for the third quarter of FY22, compared to $1.71 a year ago, beating the consensus of $1.57.
• Net sales were $12.54 billion, down 4% Y/Y or up 4% at constant exchange rates (CC), and missed consensus of $12.99 billion.
• Operating income was $2.2 billion (-33%, -23% cc) primarily due to higher impairments ($0.5 billion) and higher restructuring charges ($0.4 billion).

AstraZeneca’s Fasenra fails in late stage…